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KuCoin makes investment in the DREP reputation ecosystem blockchain

KuCoin makes investment in the DREP reputation ecosystem blockchain

DREP Foundation, a Singapore blockchain startup that is developing an ecosystem that quantifies and monetizes online reputation value, announced today an investment by KuCoin, a Hong Kong-based crypto exchange. The investment, amount undisclosed, was made through a KuCoin affiliate company.

“Investment is always significant for founders. It not only reinforces belief in the capability of the team, it also represents a shared vision of the future. My team and I are humbled to have been considered for such an investment and are looking forward to collaborating with all our contributors to build our future,” said Xiaolong Xu, co-founder of DREP Foundation.

This investment follows a string of strategic partnership announcements for DREP over the last two months with the likes of multi-layered transaction blockchain Quarkchain, Indian enterprise-grade big data solution Zebi and, Vietnamese travel tech startup, among others. The company earlier announced funding from Israeli venture capital company Yozma Group.

“Many people mistake securing funding as a job done. That is wrong. That is less than half the battle. Even after shipping the product, the work does not stop,” Xu added.


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