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It provides regulatory compliant, end-to-end multi-asset market infrastructure solutions which allow interoperability between digital and traditional assets. Singapore-headquartered Hydra X offers digital technology infrastructure to global financial institutions in the capital markets space. Hydra X Provides a Complete Suite of Professional Features Across Traditional and Digital Asset Classes As partial consideration for the development costs for the Crypto Exchanges, Hydra X will be issued new ordinary shares of Hatten Land and Hydra X will become a shareholder of the Company. Under the JVA, the Group will hold a 60% equity stake in the JVC with the remaining 40% equity stake to be held by Hydra X.

In addition to operating the exchanges, the JVC will also generate revenue by providing custody services for the cryptocurrencies and tokens that are being traded. The Crypto Exchanges will focus on listing and trading of newly-minted Bitcoins (also known as “Virgin Bitcoins” or “Clean Bitcoins”), eco-friendly BTC wrapper tokens (“Green Bitcoins”), as well as other “green” cryptocurrency, tokens and/or “green” credits. ‘Green Bitcoins’ mined with renewable energy sources are also gaining popularity among cryptocurrency investors.

However, freshly minted ‘Virgin Bitcoins’ with no transaction history are considered pristine and can potentially command a premium. With every transaction being recorded on distributed ledgers, regulated financial institutions might reject Bitcoins that may have been used for illegal activities. The digital assets derived from these new initiatives may also be listed or traded on the Crypto Exchanges. These panels will enable environmentally-friendly cryptocurrency mining which will commence with 3,000 mining rigs to be operated with two different partners. Hatten Land is also working with partners to install solar panels on rooftops of the malls and potentially build large-scale solar photovoltaic (“LSSPV”) facilities of 100 MWp.