Kakao’s cryptocurrency to be listed on Upbit tomorrow

Kakao, with Ground X, launched its cryptocurrency Klay which will be listed on Upbit Indonesia exchange on 26th September. The cryptocurrency will also be listed on Upbit Singapore, but a date has not been finalized yet.

Kakao, with its subsidiary Ground X, developed a public blockchain platform known as Klaytn last year. They have chosen these platforms for the listing as they wish to become an Asia-based platform in the future. Ground X has also partnered with Samsung Electronics for the Klaytn platform.

This collaboration between Klaytn and Ground X has produced various blockchain applications and a wallet that contains Klay cryptocurrency for Samsung phones.

Other partners of Ground X include LG Group and Hanwha Group. A biopharmaceutical firm Celltrion and other gaming companies are a part of the partnership as well.