PALO ALTO, Calif.–(BUSINESS WIRE)–May 6, 2020–

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Monsoon Blockchain Corporation, Asia’s premier blockchain firm pioneering the adoption of extremely safe decentralized asset administration, has partnered with Asia’s largest digital asset platform OSL of BC Group, DraperDragon Fund, CarbonBlue of BSN, and Academy Award Winning Studio Cross Creek Media. This deal signifies a serious transfer for the blockchain, digital property, and the growth of world media and Hollywood. These companions create a world powerhouse within the Asia-Pacific area, which plan to harness industry-leading blockchain options for his or her enterprise wants.

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Monsoon Blockchain Partners With Industry Giants in the US and Asia to Engineer the Next Generation of Fintech

(Graphic: Business Wire)

The Monsoon-OSL deal will discover alternatives to speed up the drive in direction of the digitalization of property, cash, currencies, and decentralized blockchain ledgers (the place all transactions, storage of funds and knowledge will probably be inviolably recorded). Combining mental property, deal stream, massive scale traders, and blockchain capabilities, Monsoon Blockchain is trying to create a digital asset powerhouse within the US and Asia.

OSL is the Hong Kong area’s most complete digital asset platform, offering Software-as-a-Service, brokerage, alternate, and custody companies for establishments {and professional} traders. OSL manages over $1.5B in transactions per thirty days in digital asset buying and selling. After reaching $171 billion this yr, the worth of business-to-business and cross-border funds carried out on blockchain programs is estimated to exceed an astounding $4.Four trillion by 2024.

Recently, Fidelity International, a spin-off from the U.S. monetary companies model Fidelity Investments, invested in BC Group (inventory code: 863 HK), the Hong Kong-based operator of crypto alternate OSL. Including custodial accounts, the agency reported $8.three trillion in property below administration – a spike from the reported $6.7 trillion in 2018.

Both Monsoon and OSL will take part in launching a number of digital property and tokens together with media and telecommunications tokens, Monsoon Token, and different branded property inside the Monsoon ecosystem. Monsoon has been making worldwide information in blockchain after partnering with China’s largest telephone retailer, Dixintong (D.Phone), which generated a reported $2.5 billion in income in 2019.

Monsoon will probably be becoming a member of the Blockchain-based Service Network (BSN), which was not too long ago launched on the Chinese Mainland on April 25th, 2020 and can formally be out there for world industrial use by June 25th. China Mobile, China UnionPay, and Red Date Technology are the founding consortia companions that created the BSN protocol and infrastructure, which has been deployed in over 100 cities in China. The BSN is a world interoperability protocol that enables corporations to connect with totally different blockchain ecosystems, in addition to create and run new blockchain-as-a-service purposes. The BSN will speed up the event of digital economies and good cities deployment by offering world interconnectivity and built-in blockchain cloud computing companies for contributors on the community.

Additionally, Monsoon has shaped a brand new partnership with CarbonBlue Innovations to combine cloud computing capabilities on prime of the BSN protocol, permitting the creation of recent low-cost blockchain cloud computing choices appropriate for growing areas of the world. CarbonBlue Innovations is a number one enterprise constructing and funding firm that’s centered on quickly commercializing and scaling blockchain, fintech, and digital finance innovation all over the world. Not solely does CarbonBlue Innovations give attention to each fintech infrastructure options, but additionally digital property and funding banking companies to permit the institutional adoption of regulated digital property.

Michael Sung, Chairman of CarbonBlue Innovations asserted: “Monsoon’s unique cloud computing optimization technologies complement the existing multi-cloud offerings of the BSN and can further enhance our ability to customize blockchain cloud services for the developing world. With this partnership, we will be able to offer compelling low-cost solutions to enable SMEs (small and medium enterprises) globally to join the digital economy, which will massively drive self-sufficiency and financial inclusion in these developing regions.”

Monsoon will even have the ability to leverage the partnership with CarbonBlue Innovations to create progressive digital asset securitization and digital finance options for the market. Leveraging CarbonBlue Innovation’s sturdy educational and institutional finance affiliations, the brand new partnership will enable the creation of a vertically-integrated digital asset funding banking platform to deal with the huge alternative sooner or later digitization of the world’s economic system. CarbonBlue Innovations is ready to present full-stack options, vertically-integrating fintech know-how infrastructure, authorized/regulatory greatest practices, and institutional monetary engineering experience for digital finance.

Michael Sung added, “CarbonBlue Innovations has created a strong strategic partnership network consisting of the top digital asset companies leading the industry. Combined with Monsoon’s access to various industry ecosystems and pipeline of tokenization projects, our partnership will enable us to immediately scale to take a leadership position in the market and allow our clients to leapfrog into the future of finance.”

DraperDragon Fund is a non-public fairness and enterprise capital agency specializing in seed, early stage, mid stage know-how startups financing. The agency seeks to spend money on know-how corporations, corporations all through a widely-defined know-how area, cell web, Fintech, BlockChain, and web software program and companies corporations, specializing in China-centric companies. DraperDragon Fund has invested in blockchain corporations like Telegram, Ledger, Vechain, Ultrain, Aelf and Token Insight. “The Partnership with Monsoon and BC group would further extend our BlockChain investment strategy” stated Richard Wang, Managing Partner of Dragon Digital Fund. DraperDragon is an extension of the Draper Venture Network (DVN) backed by Billionaire Tim Draper who is commonly thought to be one of the profitable enterprise capitalists on the planet.

Partnering with Monsoon Blockchain, Cross Creek Media ($1.5B within the worldwide Box workplace) will broaden its digital property in movie, tv, and IP into the blockchain universe. The purpose of the partnership is to attain streamlined digital content material administration programs, and to realize broader entry to worldwide audiences. Cross Creek has been a co-financier/producer of such movies as Oscar winner Black Swan and has been behind hits American Made, Everest, Black Mass, Bloodshot, Hacksaw Ridge and the upcoming The Trial of the Chicago 7. Cross Creek is nicely positioned to be the subsequent era of manufacturing homes. Additionally, Cross Creek will announce a token fashion providing alongside Monsoon Blockchain Corporation. Timmy Thompson, CEO of Cross Creek Media said: “We are very excited to work with Monsoon and continue developing award-winning properties. Furthermore, we believe Cross Creek’s portfolio of new media technology investments perfectly positions us to take advantage of the new distribution paradigms.”

“We are very honored to work with such insightful leaders and innovators, the breadth of participants in this deal demonstrates the significant impact blockchain will have across a wide variety of industries,” Dr. Donald Basile added, “tokenization of asset classes has a tremendous upside on both the investment level and security level. Gartner’s prediction of over $3 trillion of business value added by blockchain seems increasingly likely.”

Monsoon Blockchain Corporation is concentrated on progressive cloud options within the blockchain ecosystem. Dr. Donald Basile, its CEO and founder, is the previous CEO of Fusion IO, an organization identified for taking part in a serious function in implementing the cloud programs at Apple and Facebook in addition to partnerships with HP, IBM, and Dell. Recently, Monsoon Blockchain added advisory board members Ken Goldman, President of Hillspire (Eric Schmidt’s household workplace), and former CFO of Yahoo and Fortinet and Xiaoma Lu, former Dalian Wanda Investments CEO and former board member of the Shenzhen Stock Exchange to their staff.

Monsoon Blockchain Partners With Industry Giants in the US and Asia to Engineer the Next Generation of Fintech

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WEI MING

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