Cake DeFi, a Singapore-based fintech firm, announced on September 13th the launch of its global R&D hub, Birthday Research. The new hub will be located in Singapore and will focus on developing best-in-class blockchain and digital asset technologies through open-source blockchain research and development.
Investing $50 million Cake DeFi has committed to investing $50 million in R&D over the next 4 years to develop new products and innovations for fintech and financial institutions within the digital asset ecosystem.
The company has over 50 R&D staff within its product and engineering teams. Cake DeFi plans to double this figure while consolidating its R&D operations in Singapore.
“The launch of our global R&D hub, Birthday Research, in Singapore supports the Singapore Government’s direction on digital asset innovation. We are committed to building the B2B digital asset infrastructure and uplifting Singapore’s blockchain ecosystem to drive innovations in fintech,”...
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