The continuous development in the blockchain and crypto world is clearly not a passing fad despite the skeptical nature towards the industry. Malaysia is among the countries that have been very technology friendly and is ready to soon host a blockchain-based investment bank within its jurisdiction. This development comes after a move by CGCX.io to collaborate with IBH Capital & Archipelago Group for this purpose.
These three entities will act as complementary players in order to create the physical blockchain bank. Everyone has their feet in the Fin Tech arena; a competitive advantage that they plan to capitalize on overcoming the obstacles in the cryptic and blockchain market today. The investment bank will have a department for the primary overview and management of blockchains, cryptographic resources and digital registers. According to cryptographic analysts, this move will climb the perspectives of all the participants involved as we enter the web 3.0 era!
CGCX.io operations are currently based in Singapore, where it is registered as a company offering cryptographic services. These include a digital currency exchange platform with a couple of options for network contributors. The company has raised an impressive $ 32.5 million during its initial coin offering and boasts a 24-hour trading volume of over $ 10 million. Based on its financial records, CGCX.io is quite attractive and has a fundamental value within the cryptographic market.
Anandh Swami, CGCX.io CEO praised their project and stated that it is different from most cryptographic exchanges at the time of printing. This is because the CGCX.io blockchain initiative offers a wide range of services with each connected to a designed platform. It follows that the company has decided to expand its services by joining traditional technology players, which in turn will benefit from the digital technology wave.
The main role of the archipelago as a partner is its insurance muscle; The company is well recognized internationally for its ability to cover claims. It will act as the support institution that guarantees the smooth functioning of cryptocurrency-fiat transactions.
On the other hand, IBH Capital plays the role of an investment bank. The company operates an investment bank and is well funded with assets of $ 1 billion affiliated resources worldwide. It is among the few financial institutions to adopt a modern investment approach, particularly in the digital currency market.
The CEO of IBH Capital, Dato & # 39; Howard Choo, appreciates the dynamic nature that involves the business world today. In addition, the MD ensures consistency in customer engagement and at the same time leverages new technologies to increase the value of investor money.
Looking at the three entities, each one has an important role to play in order for a physical blockchain investment bank to function effectively. The design of the model is investment, insurance and, above all, focused on the blockchain.
At present, CGCX.io aims to help IBHC Cap create its blockchain and cryptographic wing. This will result in the provision of a technical overview for the processes and investments related to the business blockchain. CGCX.io also expects to develop an advanced digital portfolio that will be multi-use and equipped with first-class security features. The company will also offer security tokens (STOs) based on the new investment bank at a tone of $ 100 million. It is this ecosystem that guarantees an investment bank based on the secured blockchain.
Since then a Memorandum of Understanding has been signed for this purpose. Lovers of interested projects can start counting the days until the launch of a couple of significant milestones!