Fusang Finally Announces its Strategic Partnership with Point95 Global and Proxicoin
Fusang Group, a Hong Kong-based provider of institutional infrastructure for the Asian Blockchain economy, has confirmed its strategic partnership with Point95 Global and Proxicoin. Although they agreed a while ago, it was only until on Tuesday that the company made it public.
The deal had already been signed earlier this year, and it then allowed Proxicoin to be listed among the first tokens to be supported by the exchange. But the partnership, according to the Group, is bound to boost their security token offering and allow Point95 to market different securities listed on the Fusang exchange.
The Group’s Chief Executive spoke highly of the partnership. According to him, Fusang and both PCN Media and Point95 Global share one common vision of seeing the conventional financial system get transformed into a streamlined, borderless and more efficient Blockchain-powered ecosystem.
Fusang Group Targeting the Asian Securities Token Market
Fusang rolled out their tokenized securities platform in March this year, having obtained a permit from the Malaysia regulators. It became the pioneer to launch such a platform across Asia.
But even as it announces the partnership, the exchange is still holding talks with several other potential partners. The Group is eager to have more service providers onboard in its quest to streamline the exchange’s infrastructure as it gets it ready for a launch slated for later this year.
Chong also spoke about it, saying that even though they have a huge vision for the industry, the Group knows too well that it would take time for it to be achieved. The, however, admitted that the partnership announced would be the first of many that will ultimately forge a formidable base for their vision.
Already, Fusang has it's crypto custodian service operating having been launched. The service targets a majority of the vast Asian institutional investor base.
Point95 Global’s chair, Jingyuan Ye, also praised the potential that the crypto-asset market commands. Calling it “infinite,” he said that this potential would only be realized if institutional investors exploit it.
According to him, cryptocurrency exchanges have been struggling to navigate the rigorous regulatory nature, what Fusang will ease through because of its unique approach that focuses on compliance and regulation ahead of anything else.