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Thursday, October 12, 2017

Investorideas.com - QUOINE Signs MOU with #JASDAQ-listed ULS Group to Develop QASH #Blockchain

Investorideas.com - QUOINE Signs MOU with #JASDAQ-listed ULS Group to Develop QASH #Blockchain


QUOINE Signs MOU with #JASDAQ-listed ULS Group to Develop QASH #Blockchain

QUOINE Enters into Agreement with ULS Group to Develop QASH Original Blockchain

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TOKYO - October 12, 2017 (Investorideas.com newswire) Leading fintech company QUOINE Pte Ltd. (QUOINE) has entered into a Memorandum of Understanding (MOU) with ULS Group (listed on JASDAQ, Ticker Symbol: 3798) to create the QASH Blockchain, which QUOINE has unveiled in its product roadmap whitepaper for the QASH Token Sale at https://liquid.plus. The QASH token is currently based on the Ethereum blockchain for the ICO, but QUOINE will do a token swap to utility tokens based on the QASH Blockchain, which is slated to be launched on Q2 2019.

QUOINE will be the first licensed global cryptocurrency exchange in Japan to launch a global Initial Coin Offering (ICO), also known as the QASH Token Sale. QUOINE Corporation was officially licensed by the Japan FSA on 29th September 2017.

ULS Group has extensive experience in providing one of the leading system integrators in Japan for Japanese traditional financial institutions such as Mizuho Securities, a subsidiary of Mizuho Financial Group, one of the largest financial groups in Japan, with a market cap of ~USD45bn. The Group, also a QUOINE investor, will build out its blockchain capability for financial services together with QUOINE. Further, ULS Group will participate in the QASH Token Sale upon receiving participation approval from the Japan FSA.

QUOINE and ULS Group have mutually agreed to develop the QASH Blockchain to cater for financial institutions; innovative fintech startups and fintech companies. Financial services companies can enjoy the features of the QASH blockchain specifically for the financial services industry, which include, AML/KYC, node management, and many other financial services features.

Mike Kayamori, CEO and Co-founder of QUOINE, stated: "We are pleased to work with ULS, a long standing partner and established financial services provider in Japan to develop the QASH Blockchain for financial services together. Our aim is to further secure and optimize all financial transactions on the blockchain at scale. Our QASH token will also be used to fuel our QASH blockchain services, further increasing the utility of QASH as the preferred token for financial services."





full news article http://www.investorideas.com/news/2017/bitcoin/10123BlockchainJASDAQ.asp

 

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