What UDAP Foundation does

UDAP Foundation is a Singapore-headquartered non-profit blockchain organization founded in 2018 (with project work originating in 2017 Q2) that operates the Universal Decentralized Asset Platform, a blockchain abstraction layer designed to lower the cost and complexity of building asset-oriented decentralized applications. The platform implements a "Thick Protocol + Thin Application" architecture composed of four elements: the Singular Protocol (an asset account model enforcing one smart contract per asset), UDAP Middleware (containing Token Service for in-app asset tokenization and State Channels Service for on-chain/off-chain logic partitioning), the Harvest Asset Wallet (a multi-token wallet supporting ERC20, ERC721, and Singular standards with programmable UI for third-party apps), and UMedia (a mobile marketplace for collectible music and digital media assets that doubles as a reference application). Underlying technical capabilities include proxy re-encryption, state channel off-chain computation, and in-app currency creation.

The organization targets two primary customer bases: application developers who need blockchain infrastructure without deep specialized expertise, and enterprises across vertical markets — including ticketing, media and entertainment, real estate, education, gaming, health, supply chain finance, social, travel, and e-commerce — which UDAP reaches primarily through a partner ecosystem rather than direct enterprise sales. Revenue is intended to come from middleware and protocol licensing together with transaction and marketplace fees on the C2C Asset Marketplace, though specific pricing is not publicly disclosed. Go-to-market is API-first and ecosystem-led, distributing core technology via open-source GitHub repositories, more than 18 strategic and technology partners (including public-chain partners QuarkChain, PChain, Nebulas, and HPB, plus vertical integrators MLS, Xishiqu, CSDN, and several gaming platforms), and the first-party UMedia consumer application.

Leadership is anchored by former IBM executives — Chairman Derrick Warren (former VP IBM Global Services), Co-Founder Bing Ran (former IBM Canada Architect), and Co-Founder Li Zhang (former Senior Managing Consultant IBM GBS, PhD Chinese Academy of Science) — with additional gaming-industry expertise from Co-Founder Frank Ying and academic AI credentials from Chief Scientist Xiaofeng He. The advisory bench features further IBM alumni (Andrew Sotiropoulos, Sandra Johnson), Microsoft Accelerator Shanghai's CEO James Chou, and financial operators including John Ma of CVCapital.

Name

UDAP Foundation

Legal name

UÐAP FOUNDATION

Website

https://udap.io

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

UDAP Foundation is a Singapore-based non-profit that operates a blockchain middleware platform enabling developers and enterprises to tokenize and trade digital assets across verticals including ticketing, media, gaming, education, real estate, and supply chain finance.

Ownership category

akta.pro rank

Product category

Blockchain Middleware & Infrastructure

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

Services-Computer Programming Services (7371)

akta.pro primary industry

Smart Contract Frameworks & SDKs (developer kits, templates, standards) (FSAPABAB)

Keywords

• Blockchain middleware
• Asset tokenization
• Decentralized applications
• Middleware as a service
• Smart contract platform

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Middleware/Protocol Licensing: UDAP generates revenue by providing middleware services and protocol licensing to application developers who want to tokenize assets without building blockchain infrastructure from scratch. The thick protocol layer accelerates development, secures transactions, and reduces costs for developers.
2. Transaction/Marketplace Fees: Revenue from C2C Asset Marketplace operations and asset trading facilitated by the UDAP platform, including UMedia marketplace for digital media assets.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels9 records

Core offering

UDAP Foundation provides a blockchain abstraction layer (middleware) that enables developers and enterprises to build asset-oriented decentralized applications without deep blockchain expertise. The platform offers the Singular Protocol for standardized asset tokenization, a Token Service for in-app asset tokenization, a State Channels Service for on-chain/off-chain partitioning, and the Harvest Asset Wallet. It also operates UMedia, a reference marketplace application for collectible music and digital media assets.

Product overview

UDAP (Universal Decentralized Asset Platform) is a blockchain middleware platform for tokenizing everything. The platform follows a Thick Protocol + Thin Application architecture and comprises four main components: (1) Singular Protocol - the core asset tokenization model implementing one smart contract per asset; (2) UDAP Middleware - the main blockchain abstraction layer including Token Service and State Channels Service modules; (3) Harvest Asset Wallet - a multi-token wallet supporting ERC20, ERC721, and Singular types; and (4) UMedia - a showcase application for digital media assets. The platform aims to reduce development time and runtime costs for building asset-oriented decentralized applications.

Differentiator

Problem solved

Functional benefit

Brands

• Singular: A new asset account model that defines how a thing is tokenized and how it deals with ownerships and tradings in a decentralized way. Implements the concept: One thing = One smart contract.
• Harvest Wallet
• UMedia

Products and services

• Singular Protocol A new asset account model that defines how a thing is tokenized and how it deals with ownerships and tradings in a decentralized way, implementing the concept: One thing = One smart contract. Built for developers and enterprises building decentralized asset applications.
• UDAP Middleware A blockchain abstraction layer that significantly reduces the cost of building asset-oriented applications in both development time and runtime, implementing a Thick Protocol + Thin Application architecture. Built for application developers and enterprises.
• Token Service Core middleware service that helps applications quickly tokenize in-app assets such as tickets, IP rights, certificates, and game assets, and create in-app currencies. Built for application developers.
• State Channels Service Middleware service implementing state channel technology to partition application logic between on-chain and off-chain for optimal efficiency and persistence, minimizing cost and improving user experience. Built for application developers.
• Harvest Asset Wallet Asset wallet supporting ERC20, ERC721, and Singular type tokens that provides individual users with a unified interface to tokenize, manage, and publish their own tokens and various fungible and non-fungible assets. Third-party applications can plug into the wallet.
• UMedia A marketplace for collectible music and other digital media assets on mobile phones, demonstrating UDAP's technical capabilities and serving as a reference Dapp for digital media asset trading.
• C2C Asset Marketplace Consumer-to-consumer asset marketplace enabling peer-to-peer trading of tokenized assets on the UDAP platform. Built for end users and developers integrating marketplace functionality.

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

15 partnerships are on record, tiered core and minor.

• QuarkChaincoreTechnology or IntegrationPublic chain partner with logo displayed prominently in investor and business partner sections. Strategic blockchain infrastructure partnership.
• MLS (Multiple Listing Service)coreStrategic or Co-development PartnerReal estate partnership for tokenizing property assets and listings on blockchain platform.
• PChaincoreTechnology or IntegrationPublic chain partner supporting blockchain infrastructure for UDAP platform.
• XishiqucoreStrategic or Co-development PartnerTicketing industry partner for tokenizing event tickets and passes on blockchain.
• RenheminorStrategic or Co-development PartnerSocial platform partner for social tokenization applications.
• CSDNcoreStrategic or Co-development PartnerTechnical community partnership with China's largest developer community for ecosystem development.
• iclass.cnminorStrategic or Co-development PartnerEducation sector partner for tokenizing educational assets and credentials.
• QuickSDKminorStrategic or Co-development PartnerGaming partner for game asset tokenization and in-game economies.
• TipCatminorStrategic or Co-development PartnerGaming partner for blockchain gaming applications.
• Spade/HeitaominorStrategic or Co-development PartnerGaming partner for blockchain gaming tokenization.
• BlazefireminorStrategic or Co-development PartnerGaming partner for blockchain gaming applications.
• CloudHealthminorStrategic or Co-development PartnerHealth sector partnership for healthcare asset tokenization.
• XinongminorStrategic or Co-development PartnerSupply chain finance partnership for agricultural/supply chain tokenization.
• ChaoXing (Eco)minorStrategic or Co-development PartnerLibrary partner for digital content and educational resource tokenization.
• YomovominorStrategic or Co-development PartnerTravel sector partnership for travel service tokenization.

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Market position

Strengths4 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/udapfoundation
• GitHubgithub.com/udap
• YouTubeyoutube.com/channel/UCDl000RbiE5ywU7x2igWWQg
• Facebookfacebook.com/udapfoundation
• LinkedInlinkedin.com/company/udap

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about UDAP Foundation