TOKYO, Oct. 12, 2017 /PRNewswire/ -- Leading fintech company QUOINE Pte Ltd. (QUOINE) has entered into a Memorandum of Understanding (MOU) with ULS Group (listed on JASDAQ, Ticker Symbol: 3798) to create the QASH Blockchain, which QUOINE has unveiled in its product roadmap whitepaper for the QASH Token Sale at https://liquid.plus. The QASH token is currently based on the Ethereum blockchain for the ICO, but QUOINE will do a token swap to utility tokens based on the QASH Blockchain, which is slated to be launched on Q2 2019.
QUOINE will be the first licensed global cryptocurrency exchange in Japan to launch a global Initial Coin Offering (ICO), also known as the QASH Token Sale. QUOINE Corporation was officially licensed by the Japan FSA on 29th September 2017.
ULS Group has extensive experience in providing one of the leading system integrators in Japan for Japanese traditional financial institutions such as Mizuho Securities, a subsidiary of Mizuho Financial Group, one of the largest financial groups in Japan, with a market cap of ~USD45bn. The Group, also a QUOINE investor, will build out its blockchain capability for financial services together with QUOINE. Further, ULS Group will participate in the QASH Token Sale upon receiving participation approval from the Japan FSA.
QUOINE and ULS Group have mutually agreed to develop the QASH Blockchain to cater for financial institutions; innovative fintech startups and fintech companies. Financial services companies can enjoy the features of the QASH blockchain specifically for the financial services industry, which include, AML/KYC, node management, and many other financial services features.
Mike Kayamori, CEO and Co-founder of QUOINE, stated: "We are pleased to work with ULS, a long standing partner and established financial services provider in Japan to develop the QASH Blockchain for financial services together. Our aim is to further secure and optimize all financial transactions on the blockchain at scale. Our QASH token will also be used to fuel our QASH blockchain services, further increasing the utility of QASH as the preferred token for financial services."
Shigeru Urushibara, CEO of ULS Group, stated: "The ULS-QUOINE partnership is poised to build a strong global blockchain fintech ecosystem using QASH. It is envisioned the QASH Blockchain will further spur a new generation of fintech services in the world, contributing further to the democratization of finance."
The QASH Blockchain is expected to be launched on Q2 2019, based on QUOINE's product roadmap whitepaper.
The development of the QASH Blockchain will be open sourced. All global blockchain developers and fintech innovators are invited to participate. Participation details will be announced at a later date.
QUOINE is a leading global fintech company that provides trading, exchange, and next generation financial services powered by blockchain technology. With offices in Japan, Singapore and Vietnam, QUOINE combines a strong network of local partners with extensive team experience in banking and financial products to deliver best in class financial services for its customers. More information is available at www.quoine.com
In 2014, QUOINE launched Quoine Exchange, now known as QUOINEX, which became one of the largest bitcoin exchanges in the world by transaction volume. QUOINE offers powerful trading features, a sophisticated user dashboard, and secure regulatory compliance to individual and corporate customers. QUOINEX provides trading services for bitcoin and fiat currency pairs in Japanese yen, US dollar, Euro, HK dollar, Indonesian rupiah, Singapore dollar, Philippine peso, Indian rupee, Australian dollar, and Chinese Renminbi. QUOINEX has exceeded USD12 billion in transactions in the past two years. In September 2017, QUOINE Corporation became the first global cryptocurrency exchange to be officially licensed by the Japan FSA. More information can be found at www.quoinex.com
In October 2017, QUOINE became the first licensed global cryptocurrency exchange in Japan to launch a global Initial Coin Offering (ICO), also known as the QASH Token Sale. QUOINE Corporation was officially licensed by the Japan FSA on 29th September 2017. QUOINE launched its QASH Token Sale website at https://liquid.plus on 1 October 2017, to fund the growth of the QUOINE LIQUID platform. More information can be found at:
QASH Token Sale Website (and registration): https://liquid.plus
Whitepaper download: https://liquid.plus/quoine-liquid_v1.3.pdf
QUOINE ICO Brand Reel: https://www.youtube.com/watch?v=Q5mvYnammC0&t=51s
QUOINE LIQUID Reel: https://www.youtube.com/watch?v=O5gs2sX7W-g&t=2s
Contact Person: Katherine Ng
ABOUT ULS Group
ULS Group is a leading system integrator in Japan and listed on JASDAQ (ticker symbol: 3798). Major clients are Mizuho Securities, one of the largest Securities Company in Japan and a subsidiary of Mizuho Financial Group, largest financial group in Japan listed on Tokyo Stock Exchange (TSE, ticker symbol: 8411) and Mazda, one of the largest car manufacturers in the world and listed on TSE (ticker symbol: 7261)