KUALA LUMPUR, Jan 19 (Bernama) — Malaysia-based Asia Digital Bank Ltd. (Labuan Investment Bank) has entered into a strategic partnership with Singapore-based fintech company Lightnet Pte. Ltd. and British Virgin Island-based Velo Labs at the beginning of MCO 2.0 through the signing of a Memorandum of Understanding (MoU).
In December of 2020, the Asia Digital Bank (Labuan Investment Bank) officially received the digital banking license from the Labuan Financial Services Authority (Labuan FSA). The license is the first digital investment bank license issued by Labuan FSA. Asia Digital Bank (Labuan Investment bank) is a wholly-owned subsidiary of the offshore Chinese state-owned banking institution – Asia Pacific Investment Bank. Asia Pacific Investment Bank was established overseas by the Nanjing Zijin Investment Group and is one of China’s leading state-owned enterprises. Asia Digital Bank is committed to promoting the transformation from traditional financial services to digital finance by developing a world leading digital asset trading platform for inclusive financial services, thereby realizing its mission to become an operator for digital assets worldwide.
