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HDFH Launches Global Digital Bank Consortium Blockchain Investment Fund at CIIE

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HDFH Chairman Cao Tong delivers keynote speech at the forum

 

The 2019 International Financial Cooperation Forum was held at the National Exhibition and Convention Center (Shanghai) during the 2nd China International Import Expo (CIIE). Shenzhen Hande Financial Technology Holdings Co., Ltd (HDFH) Chairman Cao Tong was invited to attend the event and delivered a keynote speech entitled “Global Investment Opportunities for China’s Digital Banks”.

At the forum, HDFH formally launched the Global Digital Bank Consortium Blockchain Investment Fund. The fund, initiated by HDFH, Yillion Bank and Zhongguancun Private Equity & Venture Capital Association (ZVCA) in collaboration with domestic and international investors, will invest in digital banks and proven fintech infrastructure platforms worldwide, as well as integrate the capabilities of the three parties’ management teams to facilitate the upgrading of investment targets, ultimately maximizing value in the capital markets.

“Based on the investors’ accumulation of experience in the fintech sector, the fund plans to invest in and create a leading digital bank, through which it will build a global digital bank consortium blockchain. The first step is to invest in and digitally transform a bank. The second step is to build a global digital bank consortium blockchain, with the digitally transformed bank as the main node.”  HDFH Chairman Cao Tong said.

The size of Global Digital Bank Consortium Blockchain Investment Fund will be around US$1 billion with a term consisting of a 6-year investment phase and 2-year exit phase.The fund will initially invest in and digitally transform a bank, which will then serve as the main node of the global digital bank consortium blockchain.

“The fund empowers the targets through investment and fintech transformation, while building an innovative global digital bank consortium blockchain, achieving broader value for the participating digital banks.” Mr. Cao added.

HDFH, a leading fintech firm in China, has extensive fintech and blockchain technology reserves and operational experience and is an enabler of the digital transformation of banks and of consortium blockchain technology. Shenzhen Jia Asset Management, a subsidiary of HDFH, is the first fintech equity fund manager in China with extensive experience in investment management. In concert with Shenzhen-based state-owned enterprises, district governments, public companies, industry groups and commercial banks, Shenzhen Jia Asset Management has set up two fintech innovation and venture capital funds.

Yillion Bank is one of four internet banks in China to receive permission from the government to engage in online credit business. The bank has solid operational capacity through partnerships with Meituan, JD Finance, Xiaomi Finance and Du Xiaoman Financial. ZVCA brings to the table a large number of investment resources including public companies, financial groups and corporate investment firms. ZVCA’s members collectively have more than US$300 billion of funds under management.

HDFH, Yillion Bank and ZVCA plan to build a groundbreaking global consortium blockchain that includes digital banks and proven fintech firms to achieve what they are referring to as delivering value through the establishment of a digital connection. The Global Digital Bank Consortium Blockchain Investment Fund now plans to invest in digital banks in mainland China,Singapore and Australia, among other countries and regions.

 

SOURCE HDFH

Blockchain

Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

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Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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