Currently, several large companies are working together to create the world's first blockchain investment bank in Malaysia, with a separate division for processing cryptocurrency payments. This event is the next step in the evolution of the industry.
CGCX.io is a cryptocurrency exchanger with a wide range of services. The company is based in Singapore and recently completed its ICO, raising $32.5 million. The daily trading volume on the platform currently stands at $10 million.
The Malaysian company Archipelago will insure crypto deposits and ensure the security of the cryptocurrency technologies used.
IBH Capital, which owns the large investment bank IBH, will manage investments and assets.
The three organizations have robust and secure operating models that work in unison. CGCX.io provides technical support and consulting to IBH, and also develops and manages the investment bank's blockchain division. This means that CGCX will support all IBH blockchain initiatives, as well as improve the technology already available on the platform. In addition, CGCX.io will create a multifunctional wallet and also conduct an STO (security token offering) worth $100 million. All this should provide financial support for the successful creation of an investment blockchain bank.
A memorandum of understanding was signed between the companies, so next year we will be able to see the first results of their work.
According to atozmarkets.com
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