Blockchain
JPEX partners with Cocoon (428.HK) to explore investments of US$10 million in blockchain technology
Cryptocurrencies have attracted widespread interest among investors as a vehicle for speculation. In Feb 2022, Fidelity International, with total AUM over US$4 trillion as at Dec 2021, has launched a physical bitcoin exchange traded product in response to a growing demand for digital assets among European investors. The product launch comes three months after Invesco brought its own bitcoin ETP to the market amid a growing willingness by large asset managers to enter the cryptocurrency arena. It further shows the strong interest in investing in cryptocurrencies among investors.
JPEX, a company incorporated in Australia specialising in decentralized application development, artificial intelligence program trading, arbitrage trading technology, cryptocurrency trading platforms and core blockchain research and development, is definitely one of the beneficiaries of the crypto boom. On 11 March 2022, Cocoon Holdings Limited (“Cocoon”) (428.HK) announced that it has entered into a non-legally binding MOU with JPEX that JPEX will seek to utilise its artificial intelligence program trading and arbitrage trading technologies for securities trading and other forms of transactions within 6 months with Cocoon to expand its business using blockchain technology. Once a detailed and legally binding agreement has been reached, JPEX will offer technical personnel and advice on the articial intelligence program trading and blockchain technologies to Cocoon. JPEX and Cocoon will aim to explore investments of up to US$10 million in various areas of blockchain technology, including non-homogenised tokens, trading marketplaces, decentralised autonomous organisations and others.
Cocoon says that blockchain technology and artificial intelligence is a major trend in the future and stepping in the relevant industries will help the Group to expand the diversity of its capital investment, and is expected to enhance the return on investment.
In 2021, another HK listed company HMVOD (8103.HK) has also shown interest in investing US$5 million to engage JPEX to provide its software and systems called Decentralization Application, Decentralization Application Wallet and Ito Arbitrage Investment App (IAIA) to HMVOD in handling crypto currencies and Non-fungible token (NFT).
The partnership with the two listed companies further illustrates the strength and the leading position of JPEX among investors.
JPEX holds the state authorized virtual assets licenses from the US, Canada and Australia. JPEX’s users are allowed to trade and manage their cryptocurrency assets around the clock through its website, as well as its mobile app which can be downloaded through App Store and Google Play.
Blockchain
Automotive Finance Strategic Business Report 2024: Global Market to Reach $517.9 Billion by 2030, Fueled by Increasing Preference for Flexible Finance Options, Including Leasing & Subscription Models
Automotive Finance Market
Blockchain
Co-branded Credit Card Market Trends and Industry Forecast, 2025-2030 – Untapped Sectors like E-Sports and Decentralized Platforms in the Crypto Space Present Business Opportunities
Co-branded Credit Card Market
-
Blockchain6 days agoThis Week in Finance News: 11 Stories You Need to See
-
Blockchain Press Releases6 days agoBybit Crypto Titans: November Arena Boasts 55,000 USDT in Rewards
-
Blockchain Press Releases4 days agoSweat Your Way to Rewards: Live4Well Revolutionizes Wellness with Innovative “Exercise-to-Earn” Ecosystem
-
Blockchain6 days agoBybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships
-
Blockchain Press Releases3 days ago
Ethiopia-Exclusive: Bybit Livens up P2P Marketplace with 12,000 USDT in Rewards
-
Blockchain4 days agoFrontiers of Fintech: Innovative Practices of SILEGX Exchange
-
Blockchain3 days ago
Adapt or Die: The Urgent Shift from VASP to MiCA
-
Blockchain Press Releases2 days ago
Compass Mining Expands into Iowa with New 30 MW Bitcoin Mining Facility
