Gobi Partners, a venture capital (VC) firm based in Malaysia and Hong Kong, has announced an unspecified investment in Transak, a company focused on enabling compliant transactions between traditional currencies and digital assets.
In a press release on Tuesday, Gobi Partners said the investment reflects its perspective that regulated digital asset payment systems would play an increasing role in cross-border payments, remittances, and financial services as blockchain adoption grows globally.
Founded in 2019, Transak provides a payments infrastructure layer that allows fintech firms and financial institutions to convert between fiat currencies and digital assets through a single application programming interface (API). The platform manages identity verification (KYC), anti-money laundering (AML) controls, risk monitoring, licensing requirements, and local payment integrations across more than 64 countries
Transak currently holds over 20 regulatory approvals across markets including the United States, United Kingdom, the eurozone, Australia, Canada, and India, with plans to expand into the Middle East, Latin America, and additional Asia-Pacific markets. It has established its Asia-Pacific headquarters in Hong Kong and plans to expand partnerships with regional payment networks and banks to support the adoption of regulated digital asset payments in Southeast Asia.
The platform is currently integrated into more than 600 applications worldwide and supports access to over 130 digital assets across 45 blockchains. It also facilitates onboarding and payments for more than 10 million users through various methods, including bank transfers, payment cards, and local systems.
Through this investment, Gobi supports the expansion of blockchain payment rails that meet supervisory standards while enabling responsible growth across Asia, according to the release.
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