Digital Bank and technology companies join forces to explore a new ecosystem of Web3.0 digital assets

An investment bank based in Labuan has recently signed a memorandum of cooperation with three technology companies, aiming to jointly promote innovative development in the digital asset field of the Web3.0 era. These four companies will work together to explore new solutions, business models, and ecosystems.

According to the agreement, this investment bank and two technology companies will provide Web3 expertise to cloud computing partners to develop future business opportunities. The cloud computing company will be responsible for providing technical support for project planning and implementation. One trading platform will offer fiat to cryptocurrency conversion services, facilitating a smooth transition from Web2 to Web3, while providing liquidity support to the investment bank, under the premise of meeting regulatory requirements. The other company will focus on the development of Web3 security solutions.

The signing ceremony was held at a customer solutions innovation center in Kuala Lumpur, with senior representatives from four companies signing together.

The chairman of the board of the investment bank stated when discussing this cooperation: "The core concept of the Web3.0 era is 'everything interconnected + customer-centric', which provides a broad space for the innovative development of financial institutions, especially digital banks. Our cooperation with fintech partners in Singapore to build a new ecosystem will focus on the innovation of digital financial products and center around the development and appreciation of digital assets, continuously creating and sharing value for global enterprises and individual users."

The CEO of the trading platform also stated: "This quadrilateral cooperation will lay the foundation for the technological development of Web3.0. We will serve as a bridge between Web2 and Web3, helping Web2 applications transition to Web3. Our cloud computing partners will provide comprehensive cloud infrastructure services for the Web3 industry, while security technology companies will provide comprehensive security guarantees for Web3. We believe that with the joint efforts of all parties, Web3 will usher in explosive growth in the Southeast Asian and even global markets."