Digital Bank and tech companies join hands to explore the new ecosystem of Web3.0 digital assets

In Kuala Lumpur, a Digital Bank has 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 leveraging their respective expertise to create new solutions, explore new business models, and build an entirely new ecosystem.

According to the memorandum, three technology companies will contribute Web3 expertise to the cloud service provider to develop future business opportunities. As a technology partner, the cloud service provider will provide technical solution support for project planning and implementation. One of the trading platforms has committed to providing conversion services between fiat currency and cryptocurrency, facilitating a smooth transition from Web2 to Web3, while complying with the regulations of the Monetary Authority of Singapore. This platform will also act as a liquidity provider for the Digital Bank. Another company focuses on the development of Web3 security solutions.

The signing ceremony was held at the customer solution innovation center of the cloud service provider, with participants including the chairman of the board of the Digital Bank, the CEO and founder of the trading platform, the CTO and founder of the security technology company, as well as senior management from the Malaysian branch of the cloud service provider.

The chairman of the board of the Digital Bank stated when discussing this cooperation: "The arrival of the Web3.0 era, centered on the core concept of 'connecting everything + customer-centric', provides vast opportunities for innovation and development for financial institutions, especially digital banks. Our collaboration with a fintech partner from Singapore aims to build a new ecosystem, focusing on the innovation of digital financial products and the added value of digital asset development, dedicated to continuously creating value for global enterprises and individual users, and sharing this value with users."

The CEO of the trading platform also stated: "This quadrilateral cooperation will lay the foundation for the technological development of Web3.0. Our trading platform will serve as a bridge between Web2 and Web3, assisting Web2 applications in transitioning to Web3. At the same time, cloud service providers will offer comprehensive cloud infrastructure services for the Web3 industry, while security technology companies will provide all-round protection for Web3 security. We believe that with the joint efforts of all parties, Web3 will experience explosive growth in Southeast Asia and even in the global market!"