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New Avenue, New Opportunity – A Blockchain-based Investment Bank

Blockchain technology has been deployed by the wide range of industries. Precisely, for investment banks, DLT (digital ledger technology) offers superior benefits by rendering specialized services. It could be utilised not only for recording transactions, but also (through the use of extended blockchain languages) to automate contracts, including such processes as execution, conveyance, payment, and escrow. This holds particular advantages in the case of extremely time-sensitive investments, or in markets such as commodities, where delivery may be contingent on multiple conditions.

Well, CGCX.io backs the technical innovation by constructing crypto exchange platform with a multipurpose service for all clients. The firm is based in Singapore (license number UEN 201814950K), and their recently concluded ICO raised $32.5 million. With a current daily trading volume of a $10 million, the company has a solid financial base for the new spiral of development.

According to the CEO of the company, Anandh Swami, “Unlike most exchanges that offer only cryptocurrency trading, CGCX.io is setting itself apart in the Distributed Ledger Technology field by providing five platforms rolled into one to offer a wide variety of services to its customers.”

The latest development is striving to establish a bridge between conventional and crypto investment ecospheres by putting efforts with the companies equally interested in increasing their digital technology capabilities.

Archipelago (Malayan Archipelago) represents an international insurance group, serving the strong backing for crypto-fiat operations and assuring the security of digital technology activities involved.

IBH Capital, which owns IBH Investment Bank division, is an investment and asset management firm functioning with universal association in excess of $1 Billion. The company embraces contemporary investment opportunities and deals with the financial fraternity in a new, modern way.

The parties represent three pillars of a safe and reliable operating model that working in unison and have undertaken responsibilities according to their industry of expertise.

CGCX.io is committed to providing blockchain-related technical guidance and support to IBH, including the development, management, and control of the dedicated blockchain-based division within the Investment Bank. 

Furthermore, CGCX.io is expected to create a multifunctional blockchain-based wallet with enhanced security features, endorsing the rebranded bank, and to offer up to $100 million worth of STO. All these will ensure the financial backing for a successful blockchain-based investment bank. Source: CGCX, nulltx.com

Currency Strength Index: FxWirePro's hourly BTC spot index is flashing 190 (which is bullish), while hourly USD spot index was at 6 (neutral) while articulating (at 13:36 GMT).

For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex

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