Malaysia: First physical Blockchain-Bank in the world planned

the In Malaysia was founded the world's first physical Blockchain-Bank. This is the result of a collaboration CGCX.io, the Archipelago Group and IBH Capital. The common goal: to bridge the gap between traditional and crypto investment world.

Tanja Giese
18. December 2018ShareFacebookTwitterLinkedInxingemail

As the crypto globe on may 17. December reported, CGCX.io, the Archipelago Group and IBH Capital founded the first physical Blockchain-Bank. The Declaration of intent includes the distribution of tasks. Because the three founding parties will contribute their respective core competencies to the joint project.

Strict separation of Duties

The Singapore-based crypto-company CGCX.io provides, however, for the technical Part. It claims to offer a crypto-stock exchange with a versatile service offering for all customers. In addition, it should provide you with a daily trading volume of 10 million US dollars for a solid financial base (recently CGCX had.io 32.5 million US dollars by the ICO collected). Also a multi-functional Wallet CGCX.io, the support for the IBH Investment Bank and STO in the value of up to US $ 100 million.

Anandh Swami, CEO of the company, explains:

"In contrast to most of the exchanges that only offer crypto-currencies, CGCX.io in the area of Distributed Ledger technology by offering five platforms in providing our customers a wide range of services.”

For the safety of the transactions in the Blockchain-Bank is to provide the Malaysian insurance group Archipelago. IBH Capital that belongs to the IBH Investment Bank, is an Investment and Asset Management company and represents the physical Fiat world in the cooperation. The managing Director of IBH Capital, Howard Choo, explains the Motivation behind the merger:

"Today, we are in a fast-paced market that is characterized by constant changes. But the more things change, the stronger is our commitment to maintaining our core approach – increasing value for our investors by sticking to our customer-oriented approach; sound and sustainable investment approach, industry expertise and in-depth analysis.“

The investment Bank is located in Labuan in Malaysia. Until the opening CGCX loads.io all interested, join the Community. We are eager to see how the lofty goals and ambitious plans. Neither Archipelago nor IBH Capital announce the first Blockchain-Bank in the world on their websites.