Protocol Village: Transak, On-Ramp Solution, Moves Into Hong Kong After Animoca-Led Funding

Feb. 8: Transak, a crypto on-ramp solution, “is expanding into the APAC region with a new entity in Hong Kong, aiming to leverage the city’s status as a financial hub and its regulatory framework for cryptocurrencies,” according to the team. “This move follows a Series A funding round led by Animoca Brands. Transak plans to integrate local payment methods and adhere to Hong Kong’s regulatory standards to simplify Web3 accessibility. The company’s global operations highlight its commitment to regulatory compliance. Additionally, Transak has joined Web3 Harbour to foster collaboration in the APAC’s Web3 ecosystem.”