With a Total Value Locked (TVL) of over $100 million, Scallop's industry-leading model represents a major step forward in the mainstream adoption of decentralized finance (DeFi) by promoting access to liquidity via its dynamic money market, facilitating the effective use of digital assets. Scallop aims to seamlessly integrate stakeholders in secure transactions in the blockchain and Web3 space. Hence, this collaboration with Bitkub, Thailand's premier centralised digital assets exchange, seeks to release key educational content in the sector. Furthermore, it seeks to encourage and extend access to DeFi among the Thai blockchain community.
Suchart Pavasiriporn, Chief Executive Officer of Bitkub Labs Co., Ltd., stated, "This partnership extension is a key milestone for Bitkub Academy in renewing its commitment to furthering digital ownership and access to blockchain technology. As a major DeFi platform, Scallop's collaboration with us will help boost a greater understanding of the sector in Thailand."
Atthakrit Chimplapibul, Chief Executive Officer of Bitkub Online Co., Ltd., added, "Bitkub Exchange continually seeks to promote the secure adoption of digital assets via education. This partnership will lead the way for greater transparency as well as informed investments by Thai users in digital tokens on the Sui Network."
SHYH-SHIUAN Lay, Chief Executive Officer of Scallop commented, "Thailand is one of the most crypto-friendly markets in Asia, and Bitkub is its most important gateway. This partnership combines Bitkub's local leadership with Scallop's Sui-based DeFi architecture, delivering to Thai users the high performance and low cost of the Sui blockchain, together with Scallop's security, transparency, seamless user experience, and institution-grade financial services."
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