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. 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. 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 investment bank will be located in Labuan, Malaysia.

Posted by

Token Mantra