Sifang signs a cooperation memorandum to jointly promote the development of the Web3.0 ecosystem

Recently, a licensed Labuan investment bank signed a memorandum of cooperation with three technology companies in Kuala Lumpur, aimed at promoting innovative development in the digital asset field of the Web3.0 era. These four institutions will work together to explore new solutions, develop new models, and build a brand new digital asset ecosystem.

According to the cooperation agreement, all parties involved will leverage their respective advantages to provide comprehensive support for the planning and implementation of the project. Among them, three partners will contribute Web3 expertise to a certain cloud computing company to develop future business opportunities. The cloud computing company, as the technical partner, will provide technical solutions for the project.

In addition, a trading platform will provide fiat-to-cryptocurrency conversion services while complying with the regulations of the Monetary Authority of Singapore, facilitating a smooth transition from Web2 to Web3. The platform will also act as a liquidity provider for investment banks. Another cybersecurity company will focus on providing Web3 security solutions.

The signing ceremony of the memorandum of cooperation was held in Kuala Lumpur, completed by senior representatives from four companies. The chairman of the investment bank board stated regarding this cooperation: "The arrival of the Web3.0 era has brought vast opportunities for innovation and development in financial institutions, especially digital banks. Our collaboration with financial technology partners from Singapore aims to build a new ecosystem, focusing on the innovation of digital financial products and the appreciation of digital asset development, committed to creating value for global enterprises and individual users, and achieving sharing."

The CEO of a trading platform also stated: "This quadrilateral cooperation will lay the foundation for the technological development of Web3.0. Our platform will serve as a bridge between Web2 and Web3, assisting Web2 applications in transitioning to Web3. At the same time, our cloud computing partners will provide comprehensive cloud infrastructure services for the Web3 industry, while cybersecurity companies will offer comprehensive protection for Web3 security. We believe that with the joint efforts of all parties, Web3 will experience explosive growth in Southeast Asia and even the global market."

This strategic cooperation marks an important progress in the Web3.0 field, with the potential to promote the innovative development of the digital asset ecosystem, bringing users a more diversified and safer Web3 experience.