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Majic Reports First Consolidated Financials with Revenues
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Mercado Bitcoin raises $200M from Series B funding by SoftBank
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Majic Wheels Corp. to Enter Blockchain & Crypto Industry Through 150M Acquisition
Houston, Texas (Newsfile Corp. - May 21, 2021) - Majic Wheels Corp. (OTC Pink: MJWL) ( Majic or the Company ), a Delaware corporation, is pleased to announce today that it has executed a binding letter of intent to acquire a USD 150M revenue producing cryptocurrency exchange and custody services platform: CGCX Ltd.
CGCX Ltd.
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Founded in 2018, Calfin Global Crypto Exchange ( CGCX ) set out to offer highly sophisticated cryptocurrencies services catering for the larger blockchain community.
CGCX has already established a crypto trading platform and custody solutions. In the latter, it is one of the first participants to offer insurance to some of its clients.
Singapore-Based Banking Group DBS Set to Launch Digital Exchange For Institutional Investors
Southwestern Asian banking group
DBS announced on Thursday it will set up a digital exchange. The exchange will notably allow institutional investors, as well as accredited investors, to tap into a fully integrated tokenization, trading, and custody ecosystem for digital assets.
DBS further revealed that then new DBS Digital Exchange will allow it to use blockchain technology to provide an ecosystem for fund raising through asset tokenization and secondary trading of digital assets including cryptocurrencies, including:
Security Token Offerings – A regulated platform for the issuance and trading of digital tokens backed by financial assets, such as shares in unlisted companies, bonds, and private equity funds.
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DBS to set up digital exchange for institutional investors 10 December 2020
Source: DBS DBS today announced that it will set up a digital exchange, enabling Institutional Investors and Accredited Investors to tap into a fully integrated tokenisation, trading and custody ecosystem for digital assets.
With the DBS Digital Exchange, DBS will leverage blockchain technology to provide an ecosystem for fund raising through asset tokenisation and secondary trading of digital assets including cryptocurrencies. This includes:
Security Token Offerings - A regulated platform for the issuance and trading of digital tokens backed by financial assets, such as shares in unlisted companies, bonds and private equity funds.
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