Neo and Moonstake have announced a partnership and signed a memorandum of understanding (MOU) to “drive staking innovation and adoption” of the two platforms. As part of the partnership, NEO support will be added to the Moonstake wallet while Neo Global Development (NGD) will participate in marketing events alongside Moonstake.

In a conversation with Neo News Today, the NGD Ecosystem Growth department iterated the partnership will help Neo further explore Asian markets, particularly Japan and Singapore. As part of its initial efforts, NGD plans to participate in online events hosted by Moonstake to help promote community development.

About Moonstake

Moonstake is headquartered in the Cayman Islands and Singapore, and aims to create the largest staking pool network in Asia. Moonstake offers Android, iOS, and web wallets, which it claims provides access to more than 2,000 cryptocurrencies. At the time of press, Moonstake provides staking functionality for Cosmos, Ontology, and IRISnet.

Alongside Neo, Moonstake has strategic partnerships with Ontology, Pundi X, and Wanchain, among others. Further, Moonstake is a member of the Singapore FinTech Association (SFA), a non-profit organization that seeks to bridge companies across various industries (e.g., blockchain, legal services, big data and analytics, investment platforms, and personal finance management)

The full announcement can be found at the link below: