Union Fintech, based in Singapore, has launched Union Chain, a blockchain platform that uses ZKsync technology.

The initiative is backed by regulated exchanges and tokenization platforms across Southeast Asia, including Coinhako, Indodax, Coins.ph, Coins.co.th, InvestaX, and IXSwap.

Union Chain connects centralized crypto exchanges with real-world asset (RWA) tokenization, enabling issuance and trading of tokenized financial products.

The testnet will focus on RWA tokenization, remittances, and enterprise adoption, with licensed firms managing asset structuring and tokenization.

Using ZKsync, Union Chain aims to solve fragmentation and scalability issues, offering access to over 20 million verified users in Southeast Asia.