Monsoon Blockchain Collaborates with US and Asia to Engineer New Gen Of Fintech
Monsoon Blockchain Corporation, Asia’s premier blockchain company pioneering the adoption of extremely reliable decentralized asset management, has associated with Asia’s largest digital asset platform OSL of BC Group, CarbonBlue of BSN, DraperDragon Fund, and Academy Award Winning Studio Cross Creek Media. This deal implies a significant move for the blockchain, digital assets, and the development of global media and Hollywood. These associates build a global powerhouse in the Asia-Pacific region, which intends to harness industry-leading blockchain solutions for their business requirements.
The Monsoon-OSL deal will investigate opportunities to expedite the drive towards the digitalization of assets, currencies, money, and decentralized blockchain ledgers (where all transactions, storage of payments, and data will be inviolably recorded). Linking intellectual property, large scale investors, deal flow, and blockchain capabilities, Monsoon Blockchain is seeing to build a digital asset powerhouse in the US and Asia.
OSL is the Hong Kong region’s most extensive digital asset platform, giving Software-as-a-Service, exchange, brokerage, and custody services for institutions and professional investors. OSL handles over $1.5B in transactions per month in digital asset trading. After reaching $171 billion this year, the value of business-to-business and cross-border payments carried out on blockchain systems is expected to surpass an astounding $4.4 trillion by 2024.
Lately, Fidelity International, a spin-off from the U.S. financial services brand Fidelity Investments, funded in BC Group, the Hong Kong-based operator of crypto exchange OSL. Including custodial accounts, the firm recorded $8.3 trillion in assets under administration – a spike from the reported $6.7 trillion in 2018.
Both Monsoon and OSL will engage in launching various digital assets and tokens, including media and telecommunications tokens, Monsoon Token, and other branded assets in the Monsoon ecosystem. Monsoon has been making global news in blockchain after associating with China’s largest phone retailer, Dixintong (D.Phone), which produced a reported $2.5 billion in revenue in 2019.
Monsoon will be entering the BSN (Blockchain-based Service Network), which was currently launched on the Chinese Mainland on April 25th, 2020, and will formally be accessible for global commercial use by June 25th. China UnionPay, China Mobile, and Red Date Technology are the establishing consortia associates that produced the BSN protocol and infrastructure, which has been used in over 100 cities in China. The BSN is a global interoperability protocol that enables companies to join to distinctive blockchain ecosystems, as well as build and operate new blockchain-as-a-service applications. The BSN will stimulate the evolution of digital economies and smart cities deployment by procuring global interconnectivity and combined blockchain cloud computing services for participants on the network.
Additionally, Monsoon has established a new collaboration with CarbonBlue Innovations to combine cloud computing abilities on top of the BSN protocol, providing the production of new low-cost blockchain cloud computing offerings suitable for growing regions of the world. CarbonBlue Innovations is a leading venture building and investment company that is concentrated on immediately commercializing and scaling blockchain, fintech, and digital finance innovation across the globe. Not only does CarbonBlue Innovations concentrate on both fintech infrastructure solutions, but also digital assets and investment banking services to enable the institutional adoption of regulated digital assets.