Japanese Licensed Bitcoin Exchange Launches an ICO for its QASH Blockhain on Ethereum
Quione Pte Ltd. is one of11 exchanges licensed to operate in Japan. The firm received license #00002 from Japan's Financial Services Authority on 29th September after meeting compliance requirements.
QUOINE is launching a single globally-sourced trading platform (World Book) with an associated suite of services (Prime Brokerage) that brings together the entire global network of cryptocurrency exchanges to enable the highest level of liquidity to all markets.
The MOU with ULS group suggests a broader plan to build a bank agnostic platform for mainstream trading facilities. ULS has deep experience integrating systems for some of Japan's traditional financial institutions such as Mizuho Securities.
Shigeru Urushibara, CEO of ULS Group, said of the partnership:
"The ULS-QUOINE partnership is poised to build a strong global blockchain fintech ecosystem using QASH. It is envisioned the QASH Blockchain will further spur a new generation of fintech services in the world, contributing further to the democratization of finance."
Japanese banks are forerunners in a race amongstfinancial institutionsaround the world to capitalize on blockchain technology. In September, Mizuho financial group led a consortium of banks inunveiling J-coin, a digital currency pegged to the Japanese Yen.
Mizuho Financial Group is a holding company of Mizuho Securities with ties to ULS Group. The Japanese Behemoth, with a $45 billion market cap, is already an investor in Quione. ULS group plans to invest in Quione'sNovember 6 ICOsubject to approval Japan's financial regulator.
Both ULS and Mizuho Group are collaborating on QASH blockchain for mainstream financial institutions, startups and fintech companies.
Mike Kayamori, CEO, and Co-founder of QUOINE said:
"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."