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Joint News Release
iBank Digital and BlocPal International Enter Strategic Partnership
January 24, 2019
VANCOUVER, British Columbia – iBank Digital Asset L.P. (“iBank Digital”, “iBank Exchange”) and BlocPal International Inc. (“BlocPal”) announced today the signing of their strategic partnership. BlocPal will provide iBank Digital with crypto and fiat currency transaction processing services and iBank Digital will provide BlocPal with security token listing and investment banking advisory services.“We are very excited to launch the iBank Exchange, powered by Huobi Cloud (“Huobi Cloud”), providing Canadian traders and cryptocurrency users access to Huobi Cloud’s unmatched safety, stability, and user experience in addition to opening new opportunities for new coin issuers who are looking for liquidity, a listing and access to the global capital markets”, commented Manie Eagar, Chairman of iBank Digital.
Mr. Eagar continued, “We are also very excited to integrate with BlocPal’s proprietary intellectual property and first-mover platform, which is designed to make blockchain and cryptocurrency transactions easier, safer and more efficient in the Canadian and worldwide transactional markets. We are also looking forward to listing Blocpal’s BPX Security Token, once all necessary approvals have been received from the Canadian regulators. The BPX Security Token will entitle all holders to receive a royalty payment equal to 33% of BlocPal’s net profits, in addition to potential increases in the token value.”
“We are fortunate to build a strategic partnership with iBank Digital, who we believe is perfectly positioned to help us list and provide liquidity for our BlocPal security token via their relationship with Huobi Cloud,” said BlocPal Chief Executive Officer Nick Mellios. “BlocPal has also gained a great business opportunity to provide its services to iBank Exchange. With BlocPal’s crypto and fiat processing solutions integrated together with Huobi Cloud, we expect iBank Exchange to become one of the leading crypto-fiat trading and lending solutions offered in Canada, generating significant transaction revenue for all parties.”
About iBank Digital Asset (“iBank Digital”)
iBank Digital Asset L.P. (“iBank”), based in Vancouver, Canada, is a leading provider of crypot trading platforms, supported by Huobi Cloud and lending through the first open decentralized global lending network. We connect financial institutions and high net worth clients, providing the most convenient, secure, and fast trading interfaces and systems and intuitive and efficient new trading platforms for our global digital currency users. We are committed to promoting the IOST network and Blockchain development towards the advancement of global communities.
About BlocPal International Inc. (“BlocPal”)
BlocPal provides an advanced FinTech digital payments infrastructure focused on bringing the significant benefits of blockchain and digital currencies to the mainstream. BlocPal’s mission is to provide a simpler, smarter and more secure way to transact with crypto and traditional currencies. BlocPal has designed the first ‘multi-currency, multi-fiat’ decentralized blockchain, using proprietary technology to simplify and secure payment processing. With extensive developer APIs, BlocPal’s ecosystem supports point-of-sale terminals, ecommerce sites and financial applications, enabling users, merchants and enterprise partners to easily and safely transact with crypto or international currencies.
About Huobi Cloud
Huobi Cloud is owned by Huobi Group, the world's leading blockchain company and one of world’s largest digital asset trading platforms. Established in 2013, Huobi Group's accumulative turnover exceeds US $1 trillion. It proudly provides safe, secure, and convenient cryptocurrency trading and asset management services to millions of users in 130+ countries. “Bring more efficiency to finance and more freedom to wealth” is the mission of Huobi Group. It always follows the management theory of putting the customer first.
For further information, please contact:
Fanny (Ly) Travis
Director of Marketing