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Singapore, Singapore, October 29, 2024, Chainwire
Foresight Ventures, a leading investment firm specializing in Web3 projects, today announced that Deep Blue, a newly formed Jersey-based stablecoin issuer, and Arta TechFin Corporation Limited (Arta TechFin, HKSE: 0279) announced a strategic alliance with A subsidiary that operates a regulated financial institution and leads blockchain development. The partnership aims to foster innovation and growth in the stablecoin and real world asset (RWA) ecosystem.
Deep Blue is a stablecoin issuance platform that brings best-in-class practices and best partners in both digital assets and traditional finance, allowing users to operate across multiple use cases.
Arta TechFin introduces capabilities as a regulated blockchain financial services provider and collaborates with Foresight Ventures and Deep Blue to provide services including but not limited to origination, tokenization, market making, and liquidity provision. Collaborate on tablecoin and RWA business.
Deep Blue co-founder Julien Bahurel commented on the partnership: This partnership represents a significant step forward in our mission to bridge the gap between traditional finance and the emerging blockchain economy. We leverage leading crypto partners, large conglomerates and financial institutions based in Asia.
Foresight Ventures, known for its work in accelerating Web3 projects that foster decentralization and mainstream adoption of cryptocurrencies, will provide Deep Blue with a strategic collaboration, including media and network resources. This partnership is expected to improve Deep Blue’s efforts, reach a wider audience and strengthen its impact on the global financial landscape. Both parties aim to leverage each other’s access to blockchain and traditional financial ecosystems.
Forest Bai, President of Foresight Ventures, expressed his enthusiasm for this partnership: Our strategic resources and industry expertise will help Deep Blue expand its ecosystem and make a lasting impact on the stablecoin and RWA domains. ”
This strategic partnership marks a new chapter for all companies as they work together to pioneer cutting-edge financial solutions that will shape the future of the global economy.
For more information, please visit Deep Blue Limited or ArtaTechFin.
About Foresight Ventures
Foresight Ventures is the world’s leading crypto venture capital firm, managing over $400 million in assets across more than 100 investments. With a research-driven approach, Foresight Ventures focuses on early-stage opportunities in Web3, bridging Eastern and Western markets. Its diverse portfolio spans blockchain infrastructure, AI, and consumer applications, with investments in top companies such as Bitget, Aptos Labs, and TON. The company provides exposure to innovative technologies shaping the future of the financial ecosystem through leading owned media networks such as The Block, Coinness, and BlockTempo.
Foresight Ventures supports the boldest innovations of the future and encourages concepts that challenge traditional platforms with real-world use cases built on emerging technologies. Foresight Ventures is dedicated to accelerating the adoption of cryptocurrencies for billions of people around the world, breaking down barriers and enabling global economic freedom and inclusion for all.
For general inquiries, please contact us by email: (email protected)
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