advertisement
A new strategic alliance has been formed between three leading companies in the fintech space. The partnership sees Foresight Ventures, a prominent Web3 investment firm, join Deep Blue, a new Jersey-based stablecoin issuer, and Arta TechFin Corporation Limited, a Hong Kong Stock Exchange-listed company (HKSE: 0279). Partner with two entities.
Deep Blue specializes in issuing stablecoins. Its platform combines leading practices and partnerships across traditional and digital finance sectors and is designed to support multiple user use cases.
Arta TechFin operates as a regulated financial institution with blockchain capabilities through its subsidiaries. In this partnership, both companies will contribute their expertise to various aspects of stablecoin and real world asset (RWA) operations, including origination, tokenization, market making, and liquidity provision.
The main objective of this partnership is to strengthen and expand the stablecoin and real-world asset ecosystem and foster innovation in this space by combining the strengths of all three organizations.
Deep Blue co-founder Julien Bahurel commented on the partnership: This partnership marks a significant step forward in our mission to bridge the gap between traditional finance and the emerging blockchain economy by leveraging leading cryptocurrency partners, large conglomerates and financial institutions based in Asia. It represents. ”
advertisement
The partnership will see Foresight Ventures, a company dedicated to accelerating Web3 and cryptocurrency adoption, provide critical support to Deep Blue through media connectivity and network resources. The partnership aims to expand Deep Blue’s reach and strengthen its influence in global finance. The arrangement will enable both organizations to leverage their strengths in blockchain technology and traditional financial systems.
Forest Bai of Foresight Ventures expressed optimism about the 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 partnership marks an important milestone for all participating companies as they work together to develop innovative financial solutions aimed at transforming the global economic landscape.
