Japan-based fintech firm QUOINE announced on Wednesday the launch of its global Initial Coin Offering (ICO) to build a global crypto economy liquidy platform. This news comes just a few months after the company launched its full digital cryptocurrency exchange and trade platform. Speaking about the ICO, Mike Kayamori, CEO and Co-founder of QUOINE, stated:
“Ever since we founded QUOINE in 2014, we have observed one very important element that has limited the growth of the worldwide crypto token economy, and that is liquidity. Liquidity is the lifeblood of any industry, and with new crypto tokens hitting the market every day, the lack of liquidity is becoming a significant problem. In traditional finance, companies such as Goldman Sachs and Merrill Lynch provide liquidity, but there is nobody providing liquidity at scale in the crypto world today. This is the problem we are solving. Our solution is QUOINE LIQUID: a single globally-sourced trading platform (World Book) with an associated suite of services (Prime Brokerage). Ultimately, QUOINE LIQUID is building a financial utility – a platform that the entire crypto economy will benefit from and where people can participate in as both users and token holders.”
QUOINE noted that QUOINE LIQUID’s Prime Brokerage is comprised of a suite of services that will provide users with tools to reduce counterparty risk and increase ROI. Prime Brokerage includes direct market access, fiat management, and credit facilities. Kayamori then added:
“With the rapid evolution of fintech and the need for more secure crypto tokens to power next generation blockchain-based financial services, we foresee QASH becoming the Bitcoin or Ethereum for financial services; one of the top 3 – 5 crypto tokens by market capitalization in a couple of years.”
Founded in 2014, QUOINE stated it is looking to reinvent banking and financial services around one of the most revolutionary technology breakthroughs since the Internet, the Blockchain.
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