Asia Digital Bank Limited (ADB), the first recipient of the digital banking license issued by the Labuan Financial Services Authority of Malaysia and the digital asset operator, has partnered with Bianji, the core team of IRISNet and a Cosmos Core contributor.
ADB plans to build a new blockchain-based infrastructure with Bianji’s support that supports the integration of centralized and decentralized financial services.
Powered by Cosmos’ scalable, sovereign, inter-operative blockchain stack, this new digital banking infrastructure will help realize a legitimate self-service financial paradigm. Cosmos-based Enterprise Suite uses DID, NFT, big data privacy protection and interchain technology through IRITA, ADB, and individual users can manage central bank accounts and connected open distribution accounts through Cosmos / IRISNet hubs.
The Bianji Cosmos-SDK-based IRITA consortium continues to expand Cosmos’ footprint in the enterprise blockchain space by creating a blockchain framework. IRITA will be used to connect the banking business partners of the Permitted Blockchain (OPB) opened at the initiative of this Asia DB and environmental service partners from other countries.
Last year, Wenchang Chain, the first blockchain services network (BSN) Open Permission Blockchain (OPB) initiative to launch Bianji market, was launched. This OPB will support legitimate friendly stable issues, digital asset exchanges, asset-based securities issues and border payments for global trade. In addition, this OPB will integrate with the Cosmos ecosystem through the IRISnet Hub, as an example of an open, inclusive and legally friendly financial service.
IRISnet + ADB
“We are delighted to have Bianji, a leading blockchain technology innovator, join the force at Asia DB. This technological collaboration is going to accelerate the development of our new generation digital banking system. With Bianji’s support, we believe that by adopting advanced enterprise-based Cosmos-based blockchain stacks, we can support innovative financial services that will have a lasting impact on ASEAN, China, the Islamic financial market and the world at large in an inclusive financial construction. Ecology. “
– Andy Liu, Chairman of Asia Digital Bank
Asia DB Asia Pacific Investment Bank (Registration No. LL 11654), (Licensed Labuan Investment Bank) (License No. 170120 BI) (APIB) was started by Labuan International Business and Financial Center (Labuan IBFC). On November 28, 2019,
It is officially a licensed digital financial business licensed by the Labuan Financial Services Authority (Labuan FSA), Nanjing Jizin Investment Group, a state-owned enterprise in Nanjing City. Application display center when carrying out financial services to support commercial activities.
Established under a strategic partnership between Nanjing and Labuan IBFC and Labuan FSA, this first batch of licensed digital investment banks aims to create an inclusive self-service financial platform for global digital asset transactions using blockchain technology.