SKYBIT is a social enterprise that applies the revolutionary technology of blockchain to provide a modern financial bridge between Southeast Asian nations and the rest of the world.

The difficulty of sending money via the traditional international banking system has isolated people and businesses in Southeast Asia from the rest of the world, hindering progress and development in the region.

SKYBIT’s solution is to use digital assets that flow freely on the internet regardless of country borders. Easing the flow of monetary value will open up many new opportunities for Southeast Asian countries and their people, in line with national development plans and the United Nation’s Sustainable Development Goals.

Apart from the normal business goal of growing successful and generating large returns, SKYBIT's big-picture mission is to apply new technology for wide and large-scale social and economic improvement, particularly in Southeast Asia where many big problems remain unsolved.

SKYBIT's core service is a digital asset exchange that allows customers to convert between various digital assets. This lays part of the foundation for a blockchain ecosystem that will give rise to innovative companies that rely on our services, contributing to the growth of the new blockchain industry across Southeast Asia.

Since 2018 SKYBIT has been raising funds from Japanese and Dutch angel investors, and this has allowed the business to operate small-scale with a small number of transactions daily. To expand for larger-scale operation, SKYBIT will conduct sales of its tokens to raise further funds for expansion that would enable it to make a greater positive social impact and also allow people around the world to benefit from the company's growth.

Raised funds will be used primarily for hiring competent staff, for continued development and mass marketing of our products and services including the Digital Asset Conversion Platform, Decentralized Exchange and Payment Processor, and the development of the associated businesses units across Southeast Asia. Additionally, funds would be required for acquiring relevant licenses issued by governments and for legal work.

For more details about our businesses and plans, we will soon release a new version of our whitepaper.