Vaulta and Fosun Collaborate to Enhance Blockchain Infrastructure in Hong Kong
Markets/Tech

Vaulta and Fosun Collaborate to Enhance Blockchain Infrastructure in Hong Kong

The two companies are joining forces to establish blockchain capabilities within Hong Kong's financial system, focusing on a new virtual asset initiative.

Vaulta, previously known as EOS Network, is collaborating with Fosun Wealth Holdings to introduce blockchain infrastructure into Hong Kong’s financial domain. This partnership is built around “FinChain,” which is a virtual asset initiative launched by Fosun Wealth Holdings, part of the Fosun International group.

Key Highlights:

  • Vaulta and Fosun Wealth Holdings are joining efforts to enhance blockchain infrastructure for the financial industry in Hong Kong.
  • Vaulta intends to contribute its BankingOS suite and exSat digital banking platform for functions such as asset issuance, yield generation, and cryptocurrency transactions.
  • Fosun will offer its financial licenses and capabilities for real-world asset issuance to support this partnership.

This collaboration allows Vaulta and exSat to leverage Fosun’s existing financial licenses, providing a regulatory framework to expand blockchain-centric banking services.

Zhao Chen, Fosun Wealth’s Director of Digital Assets, stated:

“Vaulta and exSat bring the product vision and digital banking capabilities we need to make FinChain a reality.”

This initiative is part of Vaulta’s overarching rebranding and its move towards institutional-grade blockchain finance. It is anticipated that this partnership will spark additional collaborations aimed at advancing Web3 financial infrastructure across Asia and beyond.

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