Vaulta, formerly Known as the EOS networkThe companies said that the digital banking services platform has cooperated with Fosson Wildh Holdings to bring Blockchain infrastructure to the financial sector in Hong Kong.
The partnership focuses on “Finchain”, a virtual asset company launched by Fosun Wealth Holdings, which is part of the Fosun International group.
This group includes many businesses, including regional insurance and health care leaders in Europe, Asia and the Americas.
VAULTA will supply the full Pankingos suite, while Exsat, the VAULTA Digital Banking platform, will serve as a banking layer on the chain to issue assets, generate return and encryption payments, according to a joint press statement with Coindsk.
The Vaulta and Exsat deal provides the benefit of the current Fosun financial licenses and the asset issuance capabilities in the real world (RWA), giving them an organizational starting point to expand the scope of banking services with bank pronunciation.
For Zhao Chen, director of digital assets at Fosun Wealth, cooperation brings the infrastructure necessary to launch financial products from the next generation.
He said in the advertisement: “VAULTA and EXSAT bring the vision of the product and the digital banking capabilities that we need to make Finchain true,” he said in the ad.
This initiative is part of the broader reinterprection and expansion of the Vauulta in Blockchain Funding Class. The partnership is expected to lead to further cooperation focusing on WEB3 financial infrastructure throughout Asia and abroad.
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