Altcoins Talks - Cryptocurrency Forum
Further Discussions => Banks & Cryptos => Topic started by: PRIBO247 on December 17, 2018, 11:40:04 AM
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This cooperation marks the creation of the world’s first physical
blockchain bank located in Labuan, Malaysia. The expertise-rich
synergy of the successful industry players aims at establishing a
blockchain-based investment bank with a dedicated division for
handling crypto, the blockchain, and other digital banking-
related operations. The parties’ multifunctional landscape
allows for dealing with all relevant road hurdles in an effective
and timely manner.
It is a bold step of an evolutionary stage that further advances
business expansion of the partnering companies.
CGCX.io backs the technical innovation by offering a crypto
exchange platform with a versatile service range for all end
participants. The company is based in Singapore (license
number UEN 201814950K), and their recently concluded ICO
raised $32.5 million. With a current daily trading volume of a
$10 million, the company has a solid financial base for the new
spiral of development.
According to the CEO of the company, Anandh Swami, “Unlike
most exchanges that offer only cryptocurrency trading, CGCX.io
is setting itself apart in the Distributed Ledger Technology field
by providing five platforms rolled into one to offer a wide variety
of services to its customers.”
Now the team is striving to build a bridge between traditional
and crypto investment worlds by joining efforts with the
companies equally interested in increasing their digital
technology capabilities.
Archipelago (Malayan Archipelago) represents an international
insurance group, serving the strong backing for crypto-fiat
operations and assuring the security of digital technology
activities involved.
IBH Capital , which owns IBH Investment Bank, is an investment
and asset management company operating with global affiliation
in excess of $1 Billion. The company embraces contemporary
investment opportunities and deals with the financial fraternity in
a new, modern way.
Dato’ Howard Choo, MD of IBH Capital, affirms:
"Today, we do business in a fast-paced
marketplace characterized by constant
changes. But the more things change, the
stronger our commitment in upholding our
core approach - building value for our
investors by staying true to our client-
focused approach; sound and sustainable
investment approach through industry
expertise and thorough analysis."
The parties represent three pillars of a safe and reliable
operating model that working in unison and have undertaken
responsibilities according to their industry of expertise.
CGCX.io is committed to providing blockchain-related technical
guidance and support to IBH, including the development,
management, and control of the dedicated blockchain-based
division within the Investment Bank. This implies the support of
all blockchain initiatives of IBH and refining the underlying
technology at its original platform. Furthermore, CGCX.io is
expected to create a multifunctional blockchain-based wallet
with enhanced security features, endorsing the rebranded bank,
and to offer up to $100 million worth of STO. All these will
ensure the financial backing for a successful blockchain-based
investment bank.
MOU was signed between the parties for the following twelve
months, and there is a good chance we’ll see the first results
soon. In the meantime, all interested parties can safely join the
CGCX.io community and get ready for the benefits of the move.
Source: https://www.cryptoglobe.com/