Blockchain
Quantum Metal Review Signs Cooperation Framework Agreement with Hainan Provincial Financial Development Promotion Association
Pulau Pinang, Malaysia–(Newsfile Corp. – May 17, 2023) – Quantum Metal, the largest gold supplier in Malaysia, recently signed a cooperation framework agreement with the Hainan Provincial Financial Development Promotion Association. This agreement aims to jointly promote the establishment of Quantum Metal’s international operation headquarters in Hainan and other projects, and to carry out in-depth cooperation to further stimulate the vitality of the gold market in Hainan Free Trade Port.
The content of this cooperation includes promoting the international operation headquarters of Quantum Metal Review to settle in Hainan in accordance with the relevant rules and mechanisms of the Regional Comprehensive Economic Partnership (RCEP), promoting the international operation of the entire industry chain of metal and metal products, setting up a precious metal industry development and talent fund, and promoting the construction of the precious metal trading market in Hainan Free Trade Port under the background of RCEP.
“I hope that we will cooperate with the local government to bring this gold into Hainan, promote the economic development of our Hainan, and develop together,” said Dato Lim Khong Soon, the Founder of Quantum Metal. “We are gradually connecting with relevant local departments to provide them with services.”
This cooperation is expected to benefit both parties by enhancing the economic development of Hainan and boosting the international operation of Quantum Metal. It is a significant step forward in promoting international economic and trade cooperation and deepening the partnership between Malaysia and China.
The Hainan Provincial Financial Development Promotion Association aims to facilitate the financial industry’s comprehensive transformation and upgrading, promote financial innovation, and improve the level of financial services in Hainan. The association has been actively promoting cooperation with financial institutions in Malaysia and other countries to promote the construction of the Hainan Free Trade Port and further open up the financial industry.
Hainan Free Trade Port is a national-level free trade port approved by the Chinese government in 2020. The port is a landmark project in China’s opening up and the construction of the Belt and Road Initiative. The establishment of the port aims to expand the opening-up policy, promote high-quality economic development, and build a new highland of reform and opening-up in China.
This cooperation between Quantum Metal Review and the Hainan Provincial Financial Development Promotion Association is significant in promoting the construction of Hainan Free Trade Port and deepening the economic and trade cooperation between Malaysia and China. It is expected to bring new opportunities for the international operation of Quantum Metal and contribute to the economic development of Hainan.
About Quantum Metal
Quantum Metal is a leading gold supplier in Malaysia with a focus on the international market. It has established a complete industrial chain in the gold industry, including exploration, mining, processing, and marketing. With years of experience and expertise, Quantum Metal has become a well-known brand in the global gold industry.
Contact Details
Company Name: Quantum Metal Malaysia
Contact Person: Dato Lim Khong Soon
Website: https://www.quantummetal.com.my/
Email: [email protected]
Phone Number: +60 4 – 2260755
Address: 4, Jalan Residensi, George Town, Pulau Pinang
Country: Malaysia
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/166035
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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