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Hatten Land in JV to launch new platform

Published Tue, May 22, 2018 · 09:50 PM

Singapore

CATALIST-listed property developer Hatten Land and proptech startup FundPlaces will form an 85:15 joint venture to operate what is supposedly South-east Asia's first hospitality blockchain platform for hotels and malls.

Called StayCay, it will allow the Malaysia-headquartered company to issue "hotel tokens" that can be exchanged for discounted hotel packages in the hotels managed by Hatten Land as well as major shareholder Hatten Group conglomerate.

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