Seoul, South Korea, September 13, 2022 /PRNewswire/ — Samsung Goldex announced that it will actively pursue the creation of “Gold & Crypto Asset Bank,” a new decentralized financial institution that will combine the traditional gold exchange with the DEX. More specifically, the blockchain-based ledger will be launched in the gold market to cover the digital gold platform and gold NFTs, as well as gold money, the traditional valuable assets.
To this end, Samsung Goldex has signed a series of Memorandum of Agreements (MOAs) with banks and conglomerates in major cities around the world, such as Japan, China, India, Bangladesh, Nepal, Indonesia, the philippines, Thailand, Vietnamthe middle East (Bahrain GCC) and Africa.
They also plan to create a blockchain ecosystem in partnership with the Dash Gold Foundation Indonesia and the philippines. In support of the Samsung Goldex framework, the Dash Gold Foundation has entered into partnership agreements with SADAD BahrainMandiri Bank in Indonesiaand Union Bank of the philippinesas well as technical agreements (mainnet-based DEX standard) on blockchain with Bitmain and bmaill.
The cryptocurrency exchange with gold stablecoins and gold tokens to be produced later is managed by the Samsung Goldex Foundation.
“The new attempt to establish Gold & Crypto Asset Bank, which combines gold exchange and DEX, aims to bring new vitality to the blockchain investment market based on stability and liquidity of gold even in cryptocurrency recession and downturn,” the Samsung official said goldex .
Meanwhile, Samsung Goldex Foundation, Family Japan and POS signed an agreement for Samsung Goldex Foundation’s blockchain business and “Gold & Crypto Asset Bank”. The three companies plan to initiate a decentralized banking operation combining gold exchange and DEX in major global cities Japan and India.
View the original content to download multimedia:
