OK Group Forms Strategic Partnership with Prime Trust, Plans to Launch OKUSD Stablecoin
Prime Trust, which is one of the blockchain driven trust companies together with the OK group, which is a digital asset blockchain technology company along with an exchange have just gone ahead to announce that they have reached an agreement to collaborate with each other.
The first thing is, the OK Group made a strategic investment within the Prime Trust company, and they are also executing some of the several blockchain initiatives that have been able to leverage Prime Trust services and technologies.
More on the Partnership they Have Established
The two companies have agreed to carry out on an in-depth collaboration based on the competitive advantages they are able to offer, and jointly they will go ahead to launch a new stable coin that will be able to complement the partnership, and this is the OKUSD.
One that is expected to transfer straight to the native public chain, which is the OKChain, this is to ensure they have been able to provide a diverse, stable and secure service that can be enjoyed by both parties.
The OK Group has been known to be a reputable blockchain company both in service and technology providers, where the company has focused on development and research of the current technology together with the all scenario applications. The company has been providing infrastructure services that have been used widely in the blockchain industry.
Prime Trust was established as a blockchain based trust company that is from the US; it has been licensed by the banking regulatory that is based in Nevada, in the Financial Institution Division. It was established to ensure it is able to provide several services; this is the likes of custody, fund processing, trust, anti-money laundering together with adequate trading technology. These services have been made available to both the US and the international clients at large.
Prime Trust Partnering With OK Group – PrimeTrust https://t.co/ZfsZLJqy11
— Tim Byun (OKCoin) (@TimByun) March 28, 2019