RNS Reach Story
Go to market news section Print

ZICHAIN and China Strategic Partnership

Released 13:01 24-Oct-2018

RNS Number : 0640F
24 October 2018





October 24, 2018

Zichain enters into a strategic partnership with major Chinese investment funds

Zichain, a Switzerland-based blockchain finance company, providing solutions for cryptocurrency trading and digital asset management, has announced today that it has received investments from Bitblock Group and Fiat Capital - two leading Chinese funds specializing in digital assets.

All interested parties view this deal as a strategic partnership that also involves a joint marketing effort to promote Zichain's unique range of products to Chinese clientele.

Bitblock Group is an international blockchain venture capital fund with a strong focus on financial services and artificial intelligence. Fiat Capital is a Chinese token fund with considerable expertise in the field of FinTech projects.

Zichain is the latest success story in what is now a growing trend of international startups teaming up with Chinese institutional investors to expand their presence in China.


Fiat Capital's Management Director, Mr Tony Ling said:

"It is a huge surprise for us to find Zichain, a professional team who devotes in applying cutting-edge technology to boost traditional finance. And they have developed the beta products ecosystem which is more comprehensive and convenient than competitive products. After the investment, we will work with them to optimize business strategy and enhance brand in China to boost its success."


Bitblock Group's Co-founder, Mr Leeto Li said:

"We are glad to corporate with Zichain to focus on the finance ecosystem transformation. I believe that blockchain and other cutting-tier technology will inject energy to traditional finance. Zichain is a great team with abundant experience of finance. We hope that we can work on China market together to build our brand and attract more loyal users."


Zichain's CEO, Mr Khachatur Gukasyan, said:

"We are proud to have Bitblock Group and Fiat Capital as our investors and partners. The fact that top-tier institutional investors support our vision and strategic approach makes me confident that we will be able to substantially expand our market presence, making the ecosystem of Zichain products available to clients across the globe".

Zichain combines its management team's extensive experience in the world of traditional finance with cutting-edge technology. The company is developing innovative solutions that will allow everyone to successfully invest into cryptocurrencies, track the performance of their investments, and receive the latest crypto market data.

About Zichain

Zichain is a Switzerland-based blockchain finance company and a pioneer of the cryptocurrency index industry, having launched the world's first cryptocurrency indexation and analysis service in December 2017. Combining its extensive experience in the world of traditional finance with the cutting-edge technology, the company is developing a range of simple, safe and trusted products that allow everyone to successfully invest into cryptocurrencies, track the performance of their investments, and receive the latest crypto market data. Zichain is currently focused on the development of four key products: a unique and convenient platform for asset managers who wish to launch their own white label funds; a range of cryptocurrency index funds based on a family of crypto indices; a new infrastructure for the collection and analysis of industry news and market data; and a crypto-fiat exchange platform.

Zichain is a one-stop-shop for blockchain finance, with the mission of making it safe, orderly and accessible to everyone.

For further information, please, contact: media@zichain.io







This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.


ZICHAIN and China Strategic Partnership - RNS