KUALA LUMPUR, May 27 (Bernama) -- Asia Digital Bank Ltd. (licensed Labuan investment bank, license No. LL16434), witnessed by several key figures from Malaysia and China held in “Cloud” on the official launching ceremony on 26 May 2021. In an era of rapid development in blockchain technology, the launching of a blockchain-empowered financial service institution such as Asia Digital Bank Ltd is of great significance with far-reaching impact to the industry.
 
In November 2020, Asia Digital Bank Ltd. has officially obtained the first digital banking license for investment bank from the Labuan Financial Services Authority (LFSA). Being the first digital investment bank in the world with self-financial servicing platform empowered by blockchain technologies, Asia Digital Bank Ltd. aim to serve corporate clients from around the world by providing digital asset management and trading transactions that are compliant, secure, convenient, cost effective and promoting the development of an ecosystem for global asset digitalization.
 
Asia Digital Bank Ltd.’s CEO, Mr. Chris Wang announced the good news for the industry of digital financing during the online launching ceremony. “After several months of intensive preparations, we have officially launched today and we  strive to become the world’s leading digital asset operator through the development of an inclusive financial service platform for digital asset transactions, with advance digital financial technology as its core”. Chris Wang added that Asia Digital Bank Ltd. will continue to play its part in contributing towards the development of communities’ well-being in both countries, as well as for the advancement of the global digital economy.
 
In today’s “Cloud” launching, attendees from financial regulatory bureaus from both countries expressed their positive outlook and expectations towards the future development of Asia Digital Bank Ltd. Deputy Director-General of Labuan Financial Services Authority (LFSA) of Malaysia, Datuk Iskandar Mohd Nuli mentioned in his speech that the official launched of Asia Digital Bank Ltd. would spark a new vitality towards the innovation of Malaysia’s digital finance industry. He noted that LFSA has been striving to promote Labuan to become a competitive and high value-added global financial service hub and hope that there would be more financial institutions like Asia Digital Bank Ltd. to participate in the development of a financial hub in Labuan, as well as in Malaysia.
 
The Director of Nanjing Financial Regulatory Bureau, China, Mr. Zhu Changhui expressed his hope that Asia Digital Bank Ltd. would strive to become an efficient, safe, and comprehensive digital financial service bank, while also playing its role as a bridge to actively participating and contributing to the deepening of cooperation between Nanjing and Labuan, China and Malaysia in digital finance and various other aspects of our financial relationships.
  
As the leader of Asia Digital Bank Ltd.’s holding company, the chairman of Nanjing Zijin Investment Group, Mr. Li Fangyi is looking forward to Asia Digital Bank Ltd.  active participation in the “One Belt One Road” initiative in constructing financial development along its route, promoting efficient trading, facilitate connectivity as well as financial integration as part of China’s internal and external economic development. 
 
Following the speeches, Asia Digital Bank Ltd.’s board chairman, Mr. Liu Xuming officially announced the launching of the bank and took part in the “cloud” launching ceremony together with director of Asia Digital Bank Ltd., Dato’ Foo Yong Hooi, deputy CEO, Mr. Tang Qihang, as well as other invited honorary guests.
 
Asia Digital Bank Ltd. will make use of its platform to serve the global market and worldwide clients by providing core services such as cross-border investment and financing capabilities, digital asset management, as well as cross-border structured trade financing. By making use of leading financial technology platforms, Asia Digital Bank Ltd. would construct a self-financing servicing ecosystem with the help of leading financial technologies and spearhead industrial alliances. It would abide to  legal, compliance and regulatory requirements while exploring a new digital finance value-sharing system. Asia Digital Bank Ltd. would also adopt innovative business models to serve businesses and individuals in the upcoming blockchain 3.0 era thereby promoting the development of the global digital financial industry.


SOURCE : Asia Pacific Investment Bank (APIB)

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