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Fragbite Group and Subsidiary Structure

$KOBAN is legally issued and governed by WAGMI Ltd, a Gibraltar-registered entity wholly owned by Fragbite Group AB—a Swedish publicly traded conglomerate. Fragbite’s leadership, including CEO Marcus Teilman and Lucky Kat Studios CEO Herdjie Zhou, oversees strategic decisions, while WAGMI handles token issuance and regulatory compliance. This bifurcation ensures adherence to Gibraltar’s Financial Services Commission (GFSC) standards, which mandate anti-money laundering (AML) checks and investor disclosures.

Lucky Kat Studios, acquired by Fragbite in 2022, serves as the primary game developer within the ecosystem, with a decade-long track record in mobile gaming, boasting over 250 million downloads. The studio’s pivot to Web3 reflects broader industry trends toward player-owned economies, addressing limitations in traditional freemium models where users lack ownership of purchased assets.

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Strategic Partnerships and Collaborations

To accelerate adoption, WAGMI has established partnerships with various organizations:

• Republic: A global launchpad platform facilitating $KOBAN’s community pre-sales and node auctions.
• Amber Group: A cryptocurrency market maker ensuring liquidity across exchanges, thereby supporting $KOBAN’s trading visibility.
• Sui Network: The foundational blockchain provider, chosen for its low latency and asset-oriented programming model.

These collaborations underscore the project’s emphasis on institutional credibility and technical scalability, essential for its planned growth.

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