Coded Solution

What Coded Solution does

Coded Solution Limited is a Hong Kong-based blockchain technology company founded in 2022 that provides Web3 consulting, asset tokenization, digital payments integration, and enterprise blockchain infrastructure to financial institutions, insurers, enterprises, and SMEs across Asia. The company's proprietary product stack is anchored by Aeris L2, a high-performance EVM-compatible Layer 2 blockchain built on V Systems infrastructure that supports sub-second finality and 10x-100x lower gas fees than Ethereum mainnet. Layered on Aeris L2 are VIO (a voucher and loyalty point tokenization platform used by 300+ brands in Hong Kong and ASEAN), Co+Pay (a Web3 digital payment solution for mobile, desktop, and POS integration), and GARP (a carbon credit reward program co-developed with AsiaPay and Bizteg Solutions, positioned as Asia's first Web3-enabled carbon credit program). Additional offerings include tokenization services for real-world assets, smart contract and DAO development, and the Tokenised Horizons community ecosystem for Web3 education among senior professionals.

The company operates a primarily enterprise field-sales GTM supported by strategic channel and OEM/whitelabel distribution, with operations spanning Hong Kong headquarters, a Kuala Lumpur regional office, and active commercial engagement across Singapore, Indonesia, Thailand, China, and broader ASEAN. Revenue is generated through professional services (blockchain consulting), platform/SaaS subscriptions (VIO managed and self-managed tiers), whitelabel licensing of VIO and Aeris L2 to partners and telecom operators, and emerging transaction-fee streams from the GARP carbon credit program. The leadership team is anchored by CEO Yuen Khai Goh, supported by a 50+ person team recruited from Citi, Nomura, UBS, Oracle, and leading universities, with no publicly disclosed funding rounds or institutional investors as of the available data.

Coded Solution has secured a dense partnership portfolio including flagship relationships with Cyberport Hong Kong (Web3 ecosystem hub), AsiaPay (payments), VSure Tech and Oona Insurance (insurance), Metadomo and China Mobile International (telecom distribution), Chainlink Labs (oracle infrastructure), and Originals Group (healthcare), alongside multiple industry awards across 2023-2025 such as Money20/20 Asia Top Fintech Innovators and Hong Kong Digital Finance Awards. The company has not publicly disclosed revenue, ARR, or funding history, leaving financial scale and unit economics as a data gap.

Name

Coded Solution

Legal name

Coded Solution Limited

Website

https://codedsolution.xyz

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Coded Solution is a Hong Kong-based blockchain technology company founded in 2022 that provides Web3 consulting, asset tokenization, digital payments, and enterprise Layer 2 blockchain infrastructure to financial institutions, insurers, and SMEs across Asia.

Ownership category

akta.pro rank

Product category

Enterprise Blockchain Infrastructure & Tokenization

NAICS

Custom Computer Programming Services (541511), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computer Systems Design Services (541512)

SIC

Services-Computer Programming Services (7371), Services-Prepackaged Software (7372)

akta.pro primary industry

Permissioned Blockchain Platforms & Frameworks (Hyperledger, Corda, Quorum) (FSAPAIAA)

akta.pro secondary industries

Smart Contract Frameworks & SDKs (developer kits, templates, standards) (FSAPABAB), Compliance, Risk & RegTech for Tokenized Assets (KYC/AML, sanctions, travel rule, reporting) (FSAPAIAH), Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ)

Keywords

• Blockchain consulting services
• Asset tokenization platforms
• Enterprise blockchain infrastructure
• Loyalty point tokenization
• Digital payment integration

Headquarters

HQ city

Hong Kong

HQ country

Hong Kong SAR China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Blockchain Consulting Services: Tailored blockchain consulting and development services for enterprises and startups, including technical consulting, research, and solution design.
2. Platform/SaaS Products (VIO, Co+Pay, Aeris L2): Managed and self-managed tokenization platform services; enterprise blockchain infrastructure; digital payment integration solutions sold on subscription or per-deployment basis.
3. Whitelabel / OEM Licensing: Whitelabel tokenization platform licensing to organizations; VIO whitelabel solutions for branded loyalty and voucher programs.
4. Carbon Credit / Green Asset Solutions: GARP program enabling businesses to earn and redeem tokenized carbon credit rewards; B2B carbon credit tokenization on Aeris L2.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels6 records

Core offering

Coded Solution delivers blockchain consulting and development services alongside proprietary enterprise software products that enable asset tokenization, digital payments, and Web3 infrastructure. Core product offerings include VIO (a managed or self-managed voucher and loyalty point tokenization platform), Co+Pay (a Web3 digital payments solution for mobile, desktop, and POS/terminal integration), and Aeris L2 (an EVM-compatible Layer 2 enterprise blockchain). The company also delivers the GARP carbon credit reward program and provides tailored infrastructure development, digital payment integration, and asset tokenization services to enterprises, financial institutions, and SMEs.

Product overview

Coded Solution offers a blockchain consulting and technology platform consisting of three core products: VIO (voucher and loyalty point tokenization), Co+Pay (digital payments), and Aeris L2 (enterprise blockchain infrastructure). The company provides related services including asset tokenization, blockchain infrastructure development, and digital payment integration. Additional offerings include GARP for carbon credit rewards and the Tokenised Horizons community platform. The portfolio enables enterprises and startups to implement blockchain solutions spanning tokenization, supply chain, sustainability, and digital payments.

Differentiator

Problem solved

Functional benefit

Brands

• VIO: Voucher and loyalty point tokenization platform for businesses and organizations to tokenize vouchers and loyalty points for enhanced customer retention.
• Co+Pay
• Aeris L2
• GARP (Green Asset Reward Program)
• Tokenised Horizons

Products and services

• Aeris L2 High-performance Layer 2 enterprise blockchain, fully EVM-compatible for seamless migration of dApps, with 10x-100x lower gas fees than Ethereum, sub-second finality, high-volume TPS, private chain deployment, and flexible public/private/hybrid deployment models for enterprises, consortium networks, and public ecosystems. Supports real-world asset tokenization, supply chain tracking, capital raising, and B2B carbon credit tokenization.
• VIO (Voucher Tokenization Platform) All-in-one tokenization platform for businesses and organizations to tokenize vouchers and loyalty points for enhanced customer retention and lead generation. Features include voucher and loyalty points issuance, whitelabel deployment option, single integration across devices and platforms, analytics, token distribution, and an anti-fraud voucher redemption mechanism.
• Co+Pay Web 3.0 digital payment solution integrated into mobile, desktop apps, platforms, POS, and other terminals. Offers alternative digital payment options, flexible integration, multi-platform support, on-demand payment platform development, and expert assistance.
• GARP (Green Asset Reward Program) Asia's first Web3-enabled carbon credit reward program fully integrated with digital payments. Transforms everyday corporate spending into tokenized green reward assets backed by Verified Carbon Units representing 1 ton of CO2e reduction each. Businesses can earn and redeem tokenized carbon credit rewards as part of their sustainability and ESG programs.
• Asset Tokenization Services Tailored tokenization services for real-world and virtual assets enabling increased trackability, transparency, and cost-effectiveness. Covers token issuance, distribution, and data analysis for nearly any real-world or virtual asset across verticals, including vouchers, real estate, e-commerce, food & beverage, securities, gaming, and more.
• Blockchain Infrastructure Development Tailored infrastructure development services including Decentralized Autonomous Organizations (DAOs), side chains, and smart contract solutions using various programming languages and frameworks, supporting businesses of any scale and size in integrating blockchain technology.
• Digital Payment Integration Services Digital payment development and integration services providing flexible integration of digital payment solutions into customer platforms, with payment development capabilities to expand options, improve customer satisfaction, retention, and brand innovation.

Quantifiable outcome

• Up to 70% reduction in settlement times through blockchain-enabled trade finance and RWA tokenization
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature7 records

Partnerships

13 partnerships are on record, tiered core, flagship and minor.

• Oona InsurancecoreStrategic or Co-development Partner · 4 August 2025MoU signed to support the integration of Web3 solutions into the insurance sector, complementing the VSure partnership to expand digital insurance offerings using Coded Solution's blockchain infrastructure.
• AsiaPayflagshipStrategic or Co-development Partner · 1 January 2025MoU with AsiaPay to launch the Green Asset Reward Program (GARP), officially unveiled during Hong Kong Green Week 2025. GARP is Asia's first Web3-enabled carbon credit reward programme fully integrated with digital payments, developed jointly by Bizteg Solutions and Coded Solution in partnership with AsiaPay.
• GoldzipminorGTM or Marketing Partner · 1 January 2025MoU signed at Hong Kong Fintech Week 2025. Nature of partnership focused on applying blockchain technology in real-world, enterprise contexts.
• ABT Tech LimitedminorStrategic or Co-development Partner · 1 January 2025MoU signed at Hong Kong Fintech Week 2025. ABT Tech is recognized for outstanding digital assets custody and tokenisation solutions; co-presented at Asian Financial Forum 2026 alongside Coded Solution and V Systems.
• Satori ResearchminorGTM or Marketing Partner · 1 January 2025MoU signed at Hong Kong Fintech Week 2025. Partnership aimed at applying blockchain technology in real-world enterprise contexts, with Satori Research contributing to discussions on stablecoin and RWA adoption.
• MetadomocoreStrategic or Co-development Partner · 21 August 2024MoU signed on August 21, 2024 to jointly develop Web3 loyalty programs with cross-border acceptance, customer Web3 onboarding, and global cashback for point redemptions. The partnership integrates with leading mobile network operators such as China Mobile International with millions of customers, positioning Coded Solution's blockchain capabilities as the infrastructure for mainstream Web3 mass adoption.
• C Dance AcademyminorOEM/ Whitelabel/ Licensing Partner · 9 June 2024Partnership to tokenize the C Dance Academy Loyalty Point program using Coded Solution's VIO platform, enabling transparent, secure, and rewarding loyalty points for dance classes that can be earned and redeemed across the Academy's ecosystem.
• Originals GroupcoreStrategic or Co-development Partner · 28 May 2024MoU signed on May 28, 2024 to bring blockchain technology to the healthcare sector by digitizing patient records on blockchain. Leveraging Coded Solution's enterprise blockchain solutions and asset tokenization expertise, the partnership aims to ensure the highest privacy standards for sensitive health information while facilitating secure access across platforms.
• VSure TechflagshipStrategic or Co-development PartnerPartnership agreement signed during MyFintech Week 2025 (August 4-7, Kuala Lumpur) to launch a digital insurance programme powered by Coded Solution's VIO and V Systems blockchain infrastructure. The collaboration led to the launch of VSure SME Pro (digital insurance & healthtech platform for MSMEs and freelancers) and VSure VIO FlexiBen (client enrolment onboarding platform for digital-first employee benefits). The partnership is positioned to benefit over 100 million users.
• Bizteg SolutionscoreStrategic or Co-development PartnerCo-development partner with Coded Solution for the GARP (Green Asset Reward Program) — Asia's first Web3-enabled carbon credit reward programme integrated with digital payments.
• V SystemsflagshipTechnology or IntegrationL1 and L2 blockchain infrastructure powering all Coded Solution products, the Tokenised Horizons community ecosystem, and enterprise solutions including VSure SME Pro and VSure VIO FlexiBen. V Systems (www.v.systems) is the foundational blockchain technology partner behind Coded Solution's entire product suite and community initiatives.
• PT Bestintek Internos Global (Beig)coreStrategic or Co-development PartnerStrategic expansion into the Indonesian market through partnership with Beig, leveraging iSafety Magazine's industry reach to promote enterprise Web3 adoption across safety, health, and environmental (SHE) sectors. Unveiled iSafety360 platform built on V Systems and VioApp at WISCA 2025.
• Cyberport Hong KongflagshipGTM or Marketing PartnerCoded Solution is a member company of Cyberport, Hong Kong's digital technology hub. Cyberport positions Coded Solution as a 'super-connector' between Hong Kong's FinTech ecosystem and the ASEAN region. Coded Solution was selected for Cyberport's Web3 Proof-of-Concept Subsidy Scheme from over 120 applicants and participates in Cyberport-hosted events. Over 80 Cyberport companies have expanded into ASEAN markets.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Animoca Brands: Hong Kong-headquartered Web3 conglomerate with deep presence in gaming, NFTs, and digital assets. Shares the Hong Kong base and Web3 brand recognition, but is substantially larger and gaming-centric rather than focused on enterprise tokenization.
• Polygon Labs: Major Ethereum Layer-2 scaling ecosystem (Polygon PoS, Polygon zkEVM, Polygon CDK). Directly comparable to Aeris L2 on the EVM-compatible, low-fee Layer-2 dimension, but operates at vastly larger scale with global enterprise adoption.
• Hedera: Enterprise-grade public distributed ledger (Hashgraph) with tokenization, stablecoins, and sustainability applications. Overlaps with Coded Solution's enterprise-blockchain and ESG (GARP) strategy, but at significantly larger scale and broader geographic footprint.
• HashKey Group: Hong Kong-licensed digital asset group operating exchange, brokerage, custody, and on-chain asset management. Comparable Hong Kong regulatory positioning and regulated digital-asset focus, but oriented toward trading and custody rather than enterprise tokenization platforms.
• R3: Enterprise blockchain software provider behind Corda, deployed broadly across global financial institutions for tokenization and interbank settlement. Comparable enterprise-blockchain positioning and regulated-buyer focus, with materially larger installed base.

Direct peers

• ChainUp: Singapore-headquartered blockchain technology provider offering exchange infrastructure, NFT platforms, wallets, and tokenization services. Closely comparable to Coded Solution in serving Asian financial institutions and fintechs with end-to-end Web3 solutions, though larger and more focused on exchange/custody technology.
• Quant Network: Enterprise blockchain interoperability platform (Overledger) connecting permissioned and public networks for banks and financial institutions. Comparable to Coded Solution's Aeris L2 + integration-interoperability strategy targeting regulated financial buyers.
• RD Technologies: Hong Kong-based fintech building regulated stablecoin and tokenization infrastructure, including the HKD stablecoin and tokenized deposit products. Direct overlap with Coded Solution's Hong Kong enterprise tokenization and payments thesis, sharing both regulatory positioning and customer segment.

Others

• CertiK: Web3 security and audit firm specializing in smart contract verification and on-chain analytics. While not a direct tokenization competitor, CertiK is a comparable Hong Kong-origin Web3 company serving the same institutional buyer set that Coded Solution targets.

Emerging players

• Particle Network: Modular Layer-1 blockchain providing chain abstraction and Web3 infrastructure for consumer applications. Comparable in Web3 infrastructure ambition and Asia focus, but earlier stage and oriented toward consumer dApps rather than enterprise tokenization.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Coded_Solution
• LinkedInlinkedin.com/company/coded-solution-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Coded Solution