What is FINCHAIN initiative?
FINCHAIN aims to modernize the way financial services use. Web3 tool. Here, digital assets, TokenizationDistributed system. Vaulta will provide a technical backbone.
The methods that each part contribute are as follows:
|
partner |
Role in Initiative |
|
wagon |
Provides BankingOS, a blockchain -based banking system |
|
EXSAT (in the wagon) |
It functions as a digital banking class |
|
Fosun |
Provides regulatory access and financial knowledge |
This setting can provide the following services:
- Issuance of assets (creating digital financial instruments)
- Over -production (yield from assets)
- Cryptocurrency -based payment (Payment through digital currency)
All of this is carried out in accordance with the existing regulations, thanks to Fosun’s license. It is a big advantage in both areas. Innovation and compliance with regulations.
Why this partnership is important
For Vaulta, this is moving forward. Once the public Blockchain networkThe company is currently concentrating Company and institutional use. FINCHAIN will be a key player for blockchain banking.
Zhao Chen of Fosun Wealth said that the partnership provides a “core digital tool” necessary to build a finChain. He believes that Vaulta’s vision is consistent with FOSUN’s goal of making the next -generation financial instruments.
This collaboration also shows how traditional and blockchain finance can cooperate. It is not to replace the old system, but to create a better system. Modern technology.
Larger picture: Web3 in Asia
Asia is becoming a hotbed for blockchain growth. This deal shows that Hong Kong wants to be at the center. Vaulta and Fosun want to create a city Blockchain drive banking hub.
The FINCHAIN project is not to help encryption users. It also relates to a system that can handle both retail and institutional demands. This means a safer, faster and flexible bank option.
The reason for making the partnership is unique is:
- Strong technology (Vaulta)
- regulation Access (FOSUN)
- Global expertise (both)
- Vision Sharing Vision for the Future of Finance
What is the following?
This is just the beginning. The success of the pin chain can lead to Hong Kong and more blockchain -based projects after that. Vaulta and FOSUN plans to continue to build tools that mix traditional finance. Web3 infrastructure.
As the blockchain grows, more companies need to comply with and expand. This partnership sets a powerful example of how to do this properly.
Vaulta and FOSUN can change our way of thinking about banks by working together.