Smartlands joins the Ukrainian Association of FinTech and Innovation Companies - Smartlands

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Smartlands joins the Ukrainian Association of FinTech and Innovation Companies

September 29, 2021

Category: News

Kyiv Ukraine, September 29, 2021: Smartlands is pleased to confirm that we have joined The Ukrainian Association of FinTech and Innovation Companies (UAFIC) as a full contributing member.

The UAFIC was formed in 2018 as a Non-Governmental Organization (NGO) to foster the development of the FinTech ecosystem in Ukraine and to operate as a space for Ukrainian companies at the forefront of the latest developments in the FinTech arena, across all classifications, to share ideas and develop business opportunities both within Ukraine and international markets. 

The UAFIC has built established strategic partnerships with major global institutions such as the International Finance Corporation (IFC), part of the World Bank Group, VISA, USAID, and the Fintech Association of Japan, to name but a few.

It is with noting that a key aspect of the recent Digital Asset Laws passed by the Ukrainian government earlier this year authorizes the National Bank of Ukraine and the Ukrainian Ministry of Digital Transformation to open a dialogue with companies operating in Ukraine’s FinTech space concerning the application of the Digital Laws to the national market place and to work with the local FinTech companies to ensure all considerations are taken into account as these laws come into force.

One of the key points of potential cooperation between Smartlands and The UAFIC relates to developing FinTech and DeFi as a significant source of funding for SMEs, which thus opens the door for joint ventures with banks to create dedicated portals that can utilize the Smartlands blockchain and other intellectual property alongside our own activities.

In addition to its government-facing activities, the UAFIC also runs Ukraine’s biggest Fintech conference and trade show as well as numerous working groups and more specialized events focusing on specific subsectors of the FinTech arena such as Digital Lending and Decentralised Finance.

By joining the UAFIC, Smartlands is now in a position to help influence the development of Ukraine’s FinTech space at the legislative level in a manner that is to our own benefit and to the benefit of our token holders.

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Smartlands is a digital investments platform with a proven use case for tokenizing shares in real assets. Having its mission of tokenizing the real economy and bringing all its benefits to a broad audience, Smartlands launched an alternative investments project in Ukraine. The SLT is a cryptocurrency of the Smartlands ecosystem. It is limited to a maximum of 7.1mn tokens and runs on the Stellar open-source network.

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