Hillstone Partners announced on the 4th that it has signed a strategic business alliance (MOU) with the L-Bank “LBANK” exchange to establish a mutual cooperation system.

L-Bank “LBank” is Singapore’s digital asset exchange established in October 2017, and is ranked 15th in the world with more than 7 million users trading in more than 210 regions around the world.

Hillstone has expertise and a strong network in the IT and fintech fields, and is conducting PE funds and union formation targeting major investment target areas such as Korea, China, and Japan. In addition to the existing M&A ecosystem, it has been carrying out various businesses by experiencing changes in domestic and foreign markets such as startups and blockchain ecosystems, and has been operating startup acceleration programs with leading domestic and foreign institutions since 2019.

Through this MOU, L-Bank and Hillstone Partners plan to create synergy and enhance growth between the two companies by collaborating in various fields such as incubation, listing, education, and events of domestic and foreign projects.

Hwang Ra-yeol, CEO of Hillstone Partners, said, “We hope that blockchain projects will be able to provide an environment where people can focus more on the essence of their business through professional incubation and fundraising, overseas community support of Elbank, and listing solutions.”