Nippon Wealth To Explore Blockchain Via ConsenSys Partnership

Nippon Wealth To Explore Blockchain Via ConsenSys Partnership

November 8, 2018

Hong Kong-based wealth management firm Nippon Wealth (NWB) is teaming up with ethereum-focused venture studio ConsenSys to bring innovation to the FinTech space.

Founded in 2013, Nippon Wealth, a subsidiary of OJBC Co. Ltd, provides limited banking services and other financial solutions to individual investors in Hong Kong. It offers various financial instruments, such as funds, bonds, time deposits, and long term insurance products. It also offers and multiple languages support, information disclosure, and portfolio advisory services.

ConsenSys was founded by Joseph Lubin in early 2015 as a software foundry to develop decentralized software services and applications that operate on the ethereum blockchain. As a dedicated venture studio, ConsenSys is actively involved in numerous blockchain projects and initiatives, including real state platform Meridio, ethereum blockchain explorer, Blockapps Strato, TransActive Grid, EtherSign and Blockstack Labs, among others.

Under the partnership, Nippon Wealth will explore the application of ConsenSys decentralized apps (DApps) to develop new products and services. It will also work with ConsenSys to launch a study in the area of blockchain applications.

“We look forward to rolling out our offerings and details of our services at a later date,” said Tsutomu Nakajima, CEO and Executive Director of Nippon Wealth. “Hong Kong will be our stage for providing asset management products of world standards with ‘Japan Quality Services’ for the good of numerous private investors. We will take a step forward as a newly-fashioned financial institution with digital banking service.”

The partnership came after ConsenSys announced its acquisition of Planetary Resources, an asteroid mining company. The acquisition will enable ConsenSys to bring “deep space capabilities” into its ecosystem.

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