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Hatten Land partners FundPlaces to launch SEA's first proptech blockchain for hotels, retail malls

Samantha Chiew Published on Tue, May 22, 2018 / 3:15 PM GMT+8

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SINGAPORE (May 22): Hatten Land has entered into a strategic partnership with local proptech startup FundPlaces to launch Southeast Asia’s first hospitality blockchain platform that will potentially integrate more than 3,400 hotel rooms and 5,000 retail outlets in Melaka, Malaysia, as a springboard for regional expansion.

Hatten Land is the property development arm of Hatten Group.

The dedicated blockchain platform, called StayCay, will leverage on Hatten Land’s position as a developer in Melaka to offer digital utility tokens and rebates to tourists and shoppers via a private distributed ledger developed by FundPlaces.

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Hatten Land partners FundPlaces to launch SEA's first proptech blockchain for hotels, retail malls