Cointime

Cointime

Download App
iOS & Android

nChain Completes Investment of $2.4 Million in Asset Layer To Build Next-Gen Apps for Web3

Cointime Official

nChain, a world leader in Web3 and Blockchain technologies, today announces that it is investing $2.4 million and taking a 20% equity stake in Asset Layer, a complete digital asset platform powered by blockchain. 

Digital assets combine files and data with an ownership mechanism enabling users to manage ownership on the Internet.Verticals from gaming, to supply chain to healthcare utilize digital assets and Asset Layer is the first purpose-built complete solution that simplifies digital asset creation and trading.

nChain and Asset Layer are leading the transition to Web3 by providing next-gen apps with efficient and interoperable digital assets. Asset Layer’s platform enhances customer engagement for brands by allowing non-technical teams to effortlessly create interoperable digital assets that can serve multiple branding purposes, such as loyalty programs and community engagement.

nChain and Asset Layer are focused on providing utility and value to users while maintaining efficiency, simplicity, and affordability. Asset Layer is a pioneering Digital Asset as a Service solution and partnering with nChain offers an opportunity to serve larger enterprise customers. Asset Layer currently has 14 active apps, a catalogue of over 5 million digital assets created and has recorded over 12 million on-chain transactions. 

Christen-Ager Hanssen, nChain Group CEO, said that “Asset Layer is a fantastic addition to our ecosystem. Asset Layer is the right product for several projects nChain is currently leading. Together we are transforming legacy tools to be relevant in Web3.”

By leveraging nChain’s robust Web3 and Blockchain IP portfolio, the partnership will enhance Asset Layer’s offering and drive the adoption of the platform. nChain provides the core blockchain infrastructure behind Asset Layer’s solution, which is affording customers interoperability, security, and scalability.

“nChain is spearheading the world’s transition from Web2 to Web3. Our platform’s easy-to-use toolset not only helps simplify that transition, but it also helps turn Web3 apps into a Web3 ecosystem by enabling application interoperability,” added Jackson Laskey, Asset Layer CEO. “With nChain’s IP, tech, and team as a catalyst, not only can Asset Layer reach its potential but so can the wider Web3 world.”

Currently, the global Digital Asset Management market size is expected to grow from $4.7 billion in 2023 to $8.7 billion by 2028. This collaboration between nChain and Asset Layer is enabling innovation and powering the creator economy.

About Asset Layer

Asset Layer delivers interoperable digital assets for web3 applications. Developers and creators can leverage our powerful API and no-code tools to create and manage all of their digital assets and easily share them across applications, all available with affordable and predictable SaaS pricing. 

Web3 Blockchain
Comments

All Comments

Recommended for you

  • Global Bond Market Faces Sell-off, Panda Bond Issuance Reaches Record High

    According to CCTV Finance, the long-term government bond yields of major global economies have continued to rise recently, intensifying sell-off pressure in the bond market. However, China's bond market and exchange rate have remained relatively stable, with the issuance of Panda bonds reaching a historical high for the same period. Data shows that as of August 21, the cumulative issuance of 2026 Panda bonds has reached 209.975 billion yuan, an increase of over 73% year-on-year. Against the backdrop of significant fluctuations in the global bond market, the increased interest from international institutions in domestic RMB financing has drawn attention. Industry insiders noted, 'We are in completely different economic and monetary cycles compared to overseas. Foreign capital accounts for only about 5%-8% of our bond market, while domestic capital holds absolute pricing power. Coupled with our monetary policy that prioritizes domestic considerations, overseas shocks cannot reverse the overall trend of the domestic bond market.' Looking ahead, industry experts believe that overseas bond yields are likely to remain highly volatile, highlighting the value of RMB bond allocations, and foreign capital may continue to increase its allocation in the medium to long term. However, it is also important to note that rising U.S. bond yields have raised the return threshold for global allocation funds, which may disrupt the willingness of foreign institutions to increase their holdings of RMB bonds. Additionally, the rapid rise in bond yields in developed countries overseas may also constrain the valuation of domestic risk assets.

  • Global Bond Market Faces Sell-Off, Panda Bond Issuance Reaches Record High

    According to CCTV Finance, recent long-term government bond yields in major global economies have been rising, increasing sell-off pressure in the bond market. In contrast, China's bond market and exchange rate have remained relatively stable, with Panda bond issuance reaching a historical high for the same period. Data shows that as of August 21, the cumulative issuance of 2026 Panda bonds has reached 209.975 billion yuan, a year-on-year increase of over 73%. Amidst significant fluctuations in the global bond market, international institutions are increasingly focusing on domestic RMB financing. Industry insiders noted, 'We are in completely different economic and monetary cycles compared to overseas. Foreign capital accounts for only about 5%-8% of our bond market, while domestic capital holds absolute pricing power. Coupled with our monetary policy that prioritizes domestic conditions, overseas shocks cannot reverse the overall trend of the domestic bond market.' Looking ahead, industry experts believe that overseas bond yields are likely to remain highly volatile, highlighting the value of RMB bond allocation, which may attract continued foreign investment in the medium to long term. However, it is also important to note that rising U.S. bond yields have raised the return threshold for global allocation funds, which may disturb the willingness of foreign institutions to increase their holdings of RMB bonds. Additionally, the rapid rise in yields of bonds from developed countries overseas may also constrain the valuation of domestic risk assets.

  • Whale Transfers 1,727 Bitcoins Worth $133 Million to Binance

    According to monitoring by Bitcoin News, a whale has transferred 1,727 bitcoins, valued at $133 million, to Binance.

  • A Whale Transfers 1,727 Bitcoins Worth $133 Million to Binance

    According to monitoring by Bitcoin News, a whale has transferred 1,727 bitcoins to Binance, valued at $133 million.

  • Canadian Prime Minister: Tariff Measures Against the U.S. to Take Effect on September 8

    On August 22, Canadian Prime Minister Carney announced that Canada's tariff measures against the United States will take effect on September 8. (Jin Ten)

  • Canadian Prime Minister: Tariff Measures Against the U.S. to Take Effect on September 8

    On August 22, Canadian Prime Minister Carney announced that Canada’s tariff measures against the United States will take effect on September 8. (Jin Shi)

  • Over $1.244 Billion Liquidated in 24 Hours, Majority in Long Positions

    On August 22, according to CoinGlass data, the total liquidation amount in the cryptocurrency market reached $1.244 billion in the past 24 hours, with long positions accounting for $744 million and short positions for $500 million. A total of 246,203 individuals were liquidated. Among them, the liquidation amount for BTC was approximately $194 million, for ETH about $277 million, for SOL around $104 million, for XRP about $123 million, for ZEC approximately $66.77 million, and other assets totaled about $479 million in liquidations. The largest single liquidation in the past 24 hours occurred on the BTC-USD trading pair on Hyperliquid, valued at approximately $24.96 million.

  • Over $1.244 Billion Liquidated in the Last 24 Hours, Primarily Long Positions

    On August 22, according to CoinGlass data, the total liquidation amount in the cryptocurrency market over the past 24 hours reached $1.244 billion, with long positions accounting for $744 million and short positions for $500 million. A total of 246,203 individuals were liquidated. Among them, the liquidation amounts were approximately $194 million for BTC, $277 million for ETH, $104 million for SOL, $123 million for XRP, and about $66.77 million for ZEC, with other assets totaling approximately $479 million in liquidations. The largest single liquidation occurred on the Hyperliquid BTC-USD trading pair, valued at approximately $24.96 million.

  • Grayscale: Bitcoin May Have Hit Bottom, This Week's Rise Signals Key Cycle Reversal

    On August 22, Grayscale published an article indicating that this week could mark a turning point for Bitcoin. Historical data shows that Bitcoin typically bottoms out after falling about 80% from its cycle peak. In the recent bear market, Bitcoin has dropped about 50% from its cycle high, which is less than in all previous cycles up to this point. There has been ongoing market speculation about whether Bitcoin will experience a new round of declines in the fourth quarter of 2026. Although risks remain in the market, this week's rise may suggest that Bitcoin has formed a more solid bottom.

  • Web3 data and AI company Validation Cloud completes $10 million in new round of financing

     Web3 data and AI company Validation Cloud announced a $10 million financing round from True Global Ventures. The company plans to use the funds to expand its AI products and achieve seamless access to Web3 data.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company