December 16, 2019: Red Building Capital and BlackStorm Consulting announced their partnership with the objective of collaboratively maximising the potential of Red Building Capital’s portfolio companies in the blockchain and cryptocurrency industries.
Internet penetration in Southeast Asia has been increasing with over 60 percent of the region being digitally literate in 2019. Indonesia, home to Southeast Asia’s largest population, has seen their number of internet users grow by 20 percent over the past two years. 7 out of 11 countries in Southeast Asia has a higher internet penetration than the world average. This sets up a favourable environment for blockchain related projects.
Furthermore, ASEAN government portrays a positive outlook on the blockchain industry. Being one of the biggest supporters of technology and cryptocurrencies, the administrations drafted various crypto-friendly regulations to smoothen the infiltration of blockchain technology. Spearheading the industry, Singapore helped to pioneer the Initial Coin Offering (ICO) market, during the period when Japan and South Korea pulled out their support for blockchain start-ups. Meanwhile, Thailand is the first country to plan a regulated crypto exchange market and validating cryptocurrencies as an asset class.
Red Building Capital is a Taiwan-based tech-oriented investment firm focusing on not only blockchain and emerging technologies industries but also equities, tokens, and resources support. With a team of serial entrepreneurs and ex-employees of Fortune 500 companies such as TSMC, Quanta Computer, Texas Instruments, MetLife and AIG, they aim to bridge the gap between the centralised and decentralised world. Having strong relationships with some of the most promising entrepreneurs and top investors in the industry, Red Building Capital has built a diversified portfolio and brings industry-specific value to its portfolio companies.
Red Building Capital shared, “We envision that blockchain technology and cryptocurrencies will make significant impacts on our society financially, economically, and politically.”
In this partnership with BlackStorm Consulting will act as an advisor to Red Building Capital on the investment to any company. BlackStorm Consulting is known as a business scaler in Southeast Asia, providing a wide range of consultancy services in areas such as corporate innovation, profit management and corporate restructuring. With extensive knowledge in venture building and technology deployment strategies, BlackStorm Consulting has a natural synergy with Red Building Capital in providing value-added services for their portfolio firms, maximising their potential in Southeast Asia.
This mutually beneficial partnership will result in an ecosystem fostering innovation, where stakeholders can communicate and collaborate efficiently.
“In the current business world of heavy technological dependence and rapid advancement, change is the new constant. A great way to stay ahead is to join forces with the sharpest minds and utilise our resources collaboratively.” BlackStorm Consulting shares their enthusiasm in working alongside their new partner, Red Building Capital.
About BlackStorm Consulting
BlackStorm Consulting (http://blackstormco.asia/) is a Singapore-based boutique growth consultancy firm that specialises in corporate strategy, profit management and investment management. We scale businesses in Southeast Asia. Our clients and connections are internationally present and range from small and medium sized businesses, MNCs, to government agencies.
About Red Building Capital
Established in 2018, Red Building Capital (https://www.rbcap.io/) is a blockchain investment firm based in Taiwan. Focusing on blockchain and crypto investments, Red Building Capital is experienced in finance and emerging technologies, bridging the gap between the centralised and decentralised world. Our strategic investment philosophy is to invest in companies that are truly disruptive and can add value to the blockchain revolution, whether it is in the form of equity or token.