[Announcement] Strategic Partnership with BlockACE

Advanced Project
2 min readApr 4, 2024

The Advanced project is steadily expanding its business ecosystem, starting from the African region.

The Asian region, with its excellent mobile and fintech infrastructure, large population, and high growth potential, has always been of interest to us.

We are delighted to announce a new partnership with BlockACE today.

BlockACE, established in 2018 with its headquarters in Ho Chi Minh City, Vietnam, is a comprehensive solution provider for global blockchain companies seeking to enter the Vietnamese and Southeast Asian markets. BlockACE offers one-stop solutions for investment, legal advice, marketing, and promotion for blockchain companies, and has partnerships with global exchanges such as Binance, Huobi, Gate.io, as well as venture capital firms like Genesis Global Capital, Quest Capital, and BN Capital.

This partnership focuses on establishing a strategic alliance between Advanced Project and BlockACE for marketing activities in Vietnam and Southeast Asia. Through this partnership, BlockACE will provide insights into the blockchain landscape of Southeast Asia, including Vietnam, and both parties will share each partnership network to expand our ecosystems.

“We attach great significance to our strategic partnership with BlockACE. Vietnam has one of the highest Global Cryptocurrency Adoption Index (GCAI), particularly notable in the Web3 market. We are pleased that Vietnam, with its crypto-friendly market, serves as a hub for Advanced Project’s initial foray into the Southeast Asian region.”

Ashiek Anandhaw / CEO

The AUC token is currently accepted as payment and rewards at more than 20 small retailers in Cape Town and Newcastle, and users are increasingly using it as a means of remitting salaries and living expenses. Remittances using the AUC token are currently available to South African citizens, with plans to expand to 14 other southern African countries, including Lesotho, Zimbabwe, Botswana, and more.

The Advanced project is currently working on real-world applications of the AUC token in South Africa, enabling payments at local stores and utility bill payments using Nedbank’s Value-Added Services (VAS) API, and collaborating with various financial institutions to integrate deposit-only ATMs with the Advanced platform to simplify unnecessary procedures in the complex traditional banking system and offer lower fees, especially for the Unbanked in African region.