GoChain project invests in the “Arab Stock Exchange” platform for trading cryptocurrency
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Answer GoChain project invests in the “Arab Stock Exchange” platform for trading cryptocurrency
The Arab Stock Exchange is one of the crypto-asset exchanges that received initial approval from the Financial Services Regulatory Authority of the Abu Dhabi Global Market last June.
The Arab Stock Exchange is looking to build a fully integrated ecosystem to become the preferred place for listing crypto assets, trading, digital custody services, deposits and associated data.
The company said in statement to her:
Arabian Stock Exchange, a company looking to become a fully regulated crypto exchange in Abu Dhabi, has secured a double-digit multi-million dollar investment from HBK-GoChain.
The stock exchange authorized the investment without disclosing the exact amount in the investment.
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In the same statement, the company added:
The investment completes an important milestone in the roadmap for the creation of a fully regulated, first-of-its-kind cryptocurrency exchange that will serve as a custody service with a focus on global institutional and retail traders.
Mr. Arshad Khan, one of the founders of the Arab Stock Exchange, stated:
Strategic investment and partnership with HBK-GoChain Bank is a major step in the development of the Arab Stock Exchange.
As for “HBK-GoChain”, it is a joint venture between “HBK” and “GoChain”, a blockchain company headed by Sheikh “Hamad bin Khalifa bin Mohammed”, established in 2017, a company that specializes in serving blockchain, supply chains, e-government, central bank digital currencies and payments. and financial services.
Sheikh Hamad bin Khalifa bin Mohammed said in his statement:
Aiming to participate actively in these companies and to become the leading company in this field, we invested in GoChain and followed that up by investing in the Arab Stock Exchange.
These investments are very strategic for our group, and we believe that the Arab Stock Exchange with its well experienced founders is in a better position to be our partner.
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As an end goal, we would like to replicate this business model in other parts of the world.
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