For more latest news update Cryptocurrency training Crypto trading signals & automated trading software join below given telegram channel
Join- https://t.me/btctradingclub
Join- https://t.me/freebitmexsignals
https://play.google.com/store/apps/details?id=com.freecryptosignals.app
Malaysia wants to launch the world’s first physical blockchain bank. The project is a cooperation between CGCX.io, the Archipelago Group, and IBH Capital, with the intention to close the gap between the traditional and the crypto-investment world.
As reported by Cryptoglobe on December 17, CGCX.io, the Archipelago Group, and IBH Capital want to create the first physical blockchain bank. The three founding parties will contribute with their core competencies to the joint venture.
Divided Responsibilities
Singapore-based crypto company CGCX.io is responsible for the technical part, offering a crypto exchange with a versatile range of services for all customers. A daily trading volume of $ 10 million dollars will provide a solid financial base. Just recently CGCX.io collected 32.5 million US dollars of funding in an ICO. CGCX.io also provides a multifunctional wallet.
The security of Blockchain Bank operations will be provided by the Malaysian insurance group Archipelago. IBH Capital, which belongs to the IBH Investment Bank, is an investment and asset management company. The managing director of IBH Capital, Howard Choo, explained the reasons for the merger:
Malaysian Blockchain Bank
The investment bank will be located in Labuan, Malaysia. Until the launch, CGCX.io invites all interested parties to join the community. However, neither Archipelago nor IBH Capital announced the project on their websites.