Key Points:
– Zumo is a digital-assets infrastructure platform based in Edinburgh, Scotland.
– The co-founders chose Edinburgh because of its rich heritage in computer science and the availability of a blockchain and AI accelerator program.
– The company has decided to stay in Edinburgh due to the talent pool and the secondary hub for financial services.
– The company is considering Abu Dhabi as a secondary regulatory hub to reach markets in MENA and South Asia.
– Zumo is registered in the UK, with a Scottish listed FCA business and an English listed holding company.
Hot Take:
Zumo’s co-founder and CEO, Nick Jones, explains how the company’s choice to establish and remain in Scotland was influenced by their acceptance to a blockchain accelerator and the COVID-19 pandemic. Despite the small talent pool and higher costs, Edinburgh provides a favorable environment for Zumo’s digital-assets infrastructure platform. With the potential for the UK to become a digital-assets hub and the strong ties between Edinburgh and London, Zumo sees a bright future in Scotland. The company also plans to expand its presence in Abu Dhabi and potentially other European markets.
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