Tyler and Cameron Winklevoss, founders of Gemini Bitcoin Exchange, are in talks with Trimantium Capital, an Australian venture capital firm, in order to leverage each other's deal flow to expand blockchain to Asia.

The Australian Financial Review reported that Winklevoss Capital is developing a “co-investment relationship” with Trimantium to help take blockchain technology to Asia.

"We don't have the same level of experience and expertise in Asia, so it is helpful and necessary for us to work alongside those that do. Conversely, we regularly help foreign firms navigate the US markets. We believe that collaborating on strong teams is much more powerful than trying to do everything by yourself and going it alone”, said Tyler Winklevoss.

Gemini Bitcoin exchange officially commenced trading in October last year. Winklevoss twins have also developed an exchange traded fund (ETF) known as COIN, which is currently in the process of regulatory approval.

Cameron Winklevoss told the AFR that taking the technology to Asia made sense, as blockchain is global in its nature.

"Just like the internet itself, these technologies have a place in every market in the world," he said.

Trimantium Capital primarily invests in FinTech and HealthTech businesses in Asia Pacific that have the potential for growth. It has extensive global investor network across China, South East Asia and the United States that delivers over 1,000 potential deals a year. 

Phillip Kingston, Trimantium managing director, met Tyler and Cameron Winklevoss at this year's South by Southwest festival in Austin, Texas. Kingston said the firm was in talks with all major fintech investors and that Winklevoss Capital would help attract high-profile deals on the east coast of the US.

Kingston said blockchain has applications across many industries other than fintech, such as e-commerce and cyber security.

"Our intuition is that the first killer app may be well outside the traditional fintech definition," he said. "It's more likely that good blockchain technology will come from New York than Australia, so we would probably help support Winklevoss Capital's portfolio companies in getting cornerstone banking relationships, or relevant financial services relationships, in Australia and Asia, and also back them financially”.