Zichain, an international FinTech 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.
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.
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