MetaComp Expands Crypto Services, Partners with Kazakhstan’s Green Energy Leader
MetaComp, a Singapore-based digital payment token service provider licensed as a Major Payment Institution, is making waves in both the crypto and traditional finance sectors. With a broad range of financial services, the company is striving to integrate cryptocurrency into the real-world economy while promoting sustainable energy initiatives.
Exponential Growth and Expanding Client Base
Eddie Hui, Chief Operating Officer and Co-President of MetaComp, shared insights into the company's rapid growth.
“We have over 250 clients right now. We have about $1 billion of turnover, and the range of products and services we’re offering is growing,” Hui told Cryptonews.
MetaComp’s parent company, MVGX Group, is actively partnering with global leaders in green energy, including Kazakhstan’s AQ Group, to build financial and energy infrastructure focused on sustainability.
Partnership with AQ Group
MVGX Group and AQ Group formalized their partnership at the Token2049 event in Singapore last month. Their goal: to support sustainable mining initiatives in Kazakhstan.
Eddie Hui highlighted MetaComp’s role in tokenizing investor-purchased units in green energy projects. This collaboration also includes plans to construct a hybrid green power plant combining wind, solar, and battery energy storage to ensure a sustainable electricity supply for AQ Group’s data centers.
Kazakhstan, a global leader in Bitcoin mining, experienced energy shortages in 2021 due to a surge in mining activities that consumed more than 7% of the country’s power capacity. The new partnership seeks to balance this demand with green energy solutions while leveraging Kazakhstan’s abundant natural resources, proximity to high-quality equipment from China, and a 10-year tax exemption for green financing.
Redefining Bitcoin’s Image
Eddie Hui addressed Bitcoin’s past reputation as a carbon emitter, emphasizing the transformative potential of green energy in mining.
“Now you can not only use natural resources, which will be carbon neutral, but also generate value out of it,” Hui remarked.
Promoting Crypto in the Real-World Economy
MetaComp is focused on legitimizing cryptocurrency as an asset class that seamlessly integrates with traditional finance. The company is developing a Client Asset Management Platform (CAMP), which enables users to manage fiat and cryptocurrencies in one place.
In addition, MetaComp offers Wallet Safe, a tool that ensures the legitimacy of transactions by verifying their origin and source of funds.
“What we do with Wallet Safe is analyze blockchain transactions that go through those wallets,” Hui explained.
Singapore’s Role in Crypto Innovation
Hui praised Singapore’s forward-thinking regulatory environment, particularly the Monetary Authority of Singapore (MAS), for positioning the country as a leader in crypto and DeFi developments.
