News
Treasure Global Emerges as Exclusive Blockchain AI Wallet Partner on Telegram, Driving Innovation in the Blockchain Industry
Global Treasury Inc.
It guarantees the first right of refusal, strengthening the competitive advantage in the Blockchain market
NEW YORK and KUALA LUMPUR, Malaysia, May 13, 2024 (GLOBE NEWSWIRE) — Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the “Company”), a provider of innovative technology solutions, announced its formation as exclusive partner for an AI Blockchain wallet on Telegram, marking a significant step in the blockchain industry.
Coming from a Polish licensed blockchain company, this AI Blockchain Wallet revolutionizes decentralized transactions. It allows users to seamlessly perform transfers, deposits, coin swaps, cross-chain operations and staking, all through an intuitive one-button application on Telegram.
By securing the right of first refusal, Treasure Global not only consolidates its competitive advantage in the blockchain market, but also opens avenues for revenue expansion and portfolio growth. This strategic collaboration highlights Treasure Global’s commitment to driving innovation and embracing emerging technologies, further strengthening its position for robust growth and generating revenue through profit-sharing opportunities.
According to a report by Grand View Research, the global crypto wallet market is expected to experience substantial growth, with an expected compound annual growth rate (“CAGR”) of 24.8% from 2023 to 2030, reaching an estimated value of $48.27 billion by 2030. .¹ Furthermore, the market has seen a notable increase in blockchain wallet users, increasing from just over 10 million users in 2016 to over 80 million users in 2021.²
Furthermore, recent research highlighted that the global crypto wallet market was valued at $8.1 billion in 2022 and is expected to expand at a CAGR of 30.76% during the forecast period, aiming to reach $40.2 billion by 2028.³
“Through this partnership, Treasure Global gains access to a rapidly growing market, allowing the company to take advantage of growing financial awareness, widespread use of digital assets and growing acceptance of blockchain-based solutions by businesses By capitalizing on these market trends, Treasure Global is poised for significant revenue growth and market leadership in the blockchain industry,” said Sam Teo, Chief Executive Officer of Treasure Global.
¹https://www.grandviewresearch.com/industry-analysis/crypto-wallet-market-report.
²https://kruschecompany.com/blockchain-sector-statistics-and-facts/.
³https://www.linkedin.com/pulse/latest-research-crypto-wallet-market-growth-ixa9c/.
About Treasure Global Inc:
Treasure Global is a Malaysian solutions provider that develops innovative technology platforms. Treasure Global has developed two technology solutions: the ZCITY app, a unique digital ecosystem that transforms and simplifies the electronic payment experience for consumers, while simultaneously enabling them to earn rewards; and TAZTE, a digital food and beverage management system that provides merchants with a one-stop management and automated solution to digitize their businesses. Treasure Global also serves as a master franchise in Southeast Asia for popular restaurant chains, providing them with the TAZTE solution. As of March 19, 2024, ZCITY boasts over 2,695,549 registered users.
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For more information please visit https://treasureglobal.co/.
Forward-looking statements:
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are characterized by future or conditional verbs such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate” and “continue” or similar words. You should carefully consider statements containing these words as you discuss future expectations and plans, project future results of operations or financial condition or present other forward-looking information. Forward-looking statements are not guarantees of future performance; are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control. These risks and uncertainties are detailed in the Risk Factors section of the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2023 and in subsequent filings with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. Because forward-looking statements cannot be predicted or quantified, actual results may differ materially from those expressed or implied by such statements. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
For further information, contact:
Contact for investors
ir_us@treasuregroup.co
Contact with the media
Sue Chuah, Marketing Director
Global Treasury Inc
sue@treasuregroup.co
