HONG KONG, March 14, 2022 /PRNewswire/ — Cryptocurrencies have attracted widespread interest among investors as a vehicle for speculation. In Feb 2022, Fidelity International, with total AUM over US$4 trillion as at Dec 2021, has launched a physical bitcoin exchange traded product in response to a growing demand for digital assets among European investors. The product launch comes three months after Invesco brought its own bitcoin ETP to the market amid a growing willingness by large asset managers to enter the cryptocurrency arena. It further shows the strong interest in investing in cryptocurrencies among investors.
JPEX, a company incorporated in Australia specialising in decentralized application development, artificial intelligence program trading, arbitrage trading technology, cryptocurrency trading platforms and core blockchain research and development, is definitely one of the beneficiaries of the crypto boom. On 11 March 2022, Cocoon Holdings Limited (“Cocoon”) (428.HK) announced that it has entered into a non-legally binding MOU with JPEX that JPEX will seek to utilise its artificial intelligence program trading and arbitrage trading technologies for securities trading and other forms of transactions within 6 months with Cocoon to expand its business using blockchain technology. Once a detailed and legally binding agreement has been reached, JPEX will offer technical personnel and advice on the articial intelligence program trading and blockchain technologies to Cocoon. JPEX and Cocoon will aim to explore investments of up to US$10 million in various areas of blockchain technology, including non-homogenised tokens, trading marketplaces, decentralised autonomous organisations and others.
Cocoon says that blockchain technology and artificial intelligence is a major trend in the future and stepping in the relevant industries will help the Group to expand the diversity of its capital investment, and is expected to enhance the return on investment.
In 2021, another HK listed company HMVOD (8103.HK) has also shown interest in investing US$5 million to engage JPEX to provide its software and systems called Decentralization Application, Decentralization Application Wallet and Ito Arbitrage Investment App (IAIA) to HMVOD in handling crypto currencies and Non-fungible token (NFT).
The partnership with the two listed companies further illustrates the strength and the leading position of JPEX among investors.
JPEX holds the state authorized virtual assets licenses from the US, Canada and Australia. JPEX’s users are allowed to trade and manage their cryptocurrency assets around the clock through its website, as well as its mobile app which can be downloaded through App Store and Google Play.
Donate To The Indian Sun
Dear Reader,The Indian Sun is an independent organisation committed to community journalism. We have, through the years, been able to reach a wide audience especially with the growth of social media, where we also have a strong presence. With platforms such as YouTube videos, we have been able to engage in different forms of storytelling. However, the past few years, like many media organisations around the world, it has not been an easy path. We have a greater challenge. We believe community journalism is very important for a multicultural country like Australia. We’re not able to do everything, but we aim for some of the most interesting stories and journalism of quality. We call upon readers like you to support us and make any contribution. Do make a DONATION NOW so we can continue with the volume and quality journalism that we are able to practice.
Thank you for your support.
Best wishes,
Team The Indian Sun
