PsuB, known as Payment Swap Utility Board, has secured a significant $10 million investment from LDA Capital Limited, a global alternative investment group. This financial boost is set to accelerate the growth of PsuB's blockchain-based global platform, which allows users to manage digital assets for profit realization and payments.
The investment contract between PsuB Foundation and LDA Capital is structured as a "token purchase program," allowing LDA to purchase PsuB tokens up to a limit of $10 million over three years. This financial partnership aims to establish a robust foundation for PsuB's dual focus on 'payments' and 'utility' functions through its hub platform, PsuB Wallet.
The Head of Management at PsuB Foundation highlighted that this financial partnership is crucial for building a global market presence. The PsuB Foundation aims to expand its ecosystem by enhancing its payment system with a "financial institution repayment guarantee" and strengthening its utility system through practical NFTs. These NFTs will span various sectors, including real estate, fashion, fandom, and personal charms, thus broadening the use cases and applications of their digital assets.
The timing of this investment is particularly noteworthy as PsuB is already making strides in the digital asset space. The project has gained traction with listings on major cryptocurrency exchanges such as Gate.io, Mexc, Lbank, and Digifinex. The influx of capital from LDA Capital is expected to further accelerate PsuB's growth, potentially establishing it as a new paradigm in the Korean blockchain industry.
LDA Capital's involvement is also significant given their extensive experience in cross-border transactions. With over 250 transactions executed across 43 countries, amounting to over $11 billion in aggregate transaction values, LDA Capital brings a wealth of expertise and a strong network to the table.
For more detailed information, you can visit the official PsuB webpage and check their profile on CoinMarketCap.
