On December 9, 2025, ChainUp and AIGroup announced the signing of a Memorandum of Understanding (MOU) aimed at advancing Mongolia’s digital asset infrastructure. This strategic partnership combines ChainUp’s expertise in digital asset technology solutions with AIGroup’s established presence in the Mongolian market, particularly through its virtual asset exchange, idax, which has received support from ChainUp for the past four years.
Collaboration Details and Objectives
The MOU outlines a collaborative initiative focusing on several key areas: the development of digital asset infrastructure platforms, tokenization technology for selected asset classes, and compliance-aligned digital innovation frameworks. This partnership is designed to address Mongolia’s increasing interest in digital economy infrastructure by providing secure and scalable technology solutions.
All activities under the agreement will adhere to Mongolia’s regulatory frameworks and applicable financial oversight requirements, ensuring that the partnership remains compliant with local laws.
Executive Insights
Chung Ho, Chief Operating Officer of ChainUp, expressed enthusiasm for the expanded collaboration, stating, “We look forward to expanding our partnership with AIGroup. ChainUp’s digital asset infrastructure solutions are designed to support compliant and resilient digital economy development.” His remarks highlight the commitment to fostering a robust digital landscape in Mongolia.
In response, Ganhuyag Chuluun, Chief Executive Officer of AIGroup, emphasized the importance of this collaboration in strengthening their longstanding relationship. He remarked, “This collaboration strengthens our long-standing relationship with ChainUp and supports Mongolia’s broader digital-innovation goals. Our focus is on secure infrastructure, regulatory alignment, and long-term ecosystem growth.”
About ChainUp and AIGroup
Founded in 2017 and headquartered in Singapore, ChainUp is a leading global provider of digital asset solutions. The company empowers businesses to navigate the complexities of the digital asset landscape, catering to a diverse clientele that includes Web3 companies and established financial institutions. ChainUp’s comprehensive suite of offerings includes crypto exchange solutions, liquidity technology, white label multi-party computation (MPC) wallets, and asset tokenization.
AIGroup, on the other hand, is a diversified technology and digital-ecosystem company based in Mongolia. Its operations span various sectors, including media, enterprise software, blockchain technologies, and smart-city integration. The collaboration with ChainUp is expected to enhance AIGroup’s capabilities and contribute to the development of Mongolia’s digital economy.
This partnership marks a significant step forward in establishing a robust digital infrastructure in Mongolia, positioning both companies to play a pivotal role in the country’s growing digital economy.
