Distributed Credit Chain Teams Up with Innovation Driver Plug and Play
Joining a Global Ecosystem to Infuse Strategy, Intelligence and Growth
into Fintech and Blockchain
NEW YORK and SUNNYVALE, June 3, 2018 — Distributed Credit Chain (DCC) and Plug and Play China announced today that DCC has joined Plug and Play China’s ecosystem to drive the growth and development of the global fintech and blockchain industry. Plug and Play is one of the world’s largest startup innovation platforms with successful portfolio exits, including Google and LendingClub.
As the newest member to Plug and Play China, DCC will hold a signing ceremony at Plug and Play’s Silicon Valley headquarters in Sunnyvale, California, on July 19. The event will be open to prospective investors and the press.
Plug and Play China has helped over 200 startups rapidly scale into thriving entities all over the world. DCC joins the community on the heels of a recent completion of its crowd sale which reached nearly 14,500 ETH in 20 minutes, and an additional $26.2 million fund raised in two rounds of private sales in the form of cryptocurrency.
“DCC’s mission is to transform the financial industry with blockchain technology and realize global inclusive finance,” said Stewie Zhu, Founder and CEO of DCC. “By joining Plug and Play China, DCC’s strategic global expansion efforts will be accelerated, enabling us to further drive innovation in the fintech industry.”
With a global distributed banking model empowered by blockchain technology, DCC aims to dismantle the monopoly of traditional financial institutions, enhance the security of personal credit data, and lower the costs of borrowing as well as credit history verification. The DCC framework improves the overall efficiency of financial services, which benefits both institutional and individual participants.
“Plug and Play exists to fuel innovation and offer startups an opportunity to unleash their full potential,” said Peter Xu, President of Plug and Play China, who spearheads the US and China cooperation. “We are excited to welcome DCC into our community, and together, we aim to drive the growth and development of the blockchain industry.”
For more information on the signing ceremony or other press-related inquiries, please contact Anjelica Price-Rocha at anjelica.pr@hylinkgroup.com.
About Plug and Play
Plug and Play is a global innovation platform headquartered in Silicon Valley that has built accelerator programs, corporate innovation services, and provides in-house VC options. Since inception in 2006, Plug and Play’s programs have expanded worldwide to include a presence in over 20 locations globally. Companies in the Plug and Play community have raised over $7 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, SoundHound, and Zoosk. For more information, visit http://www.plugandplaytechcenter.com.
About Distributed Credit Chain
Distributed Credit Chain (DCC) is the world’s first banking ecosystem built on a public blockchain. DCC’s mission is to develop global financial inclusivity by empowering individuals to own and use their credit with blockchain technology. Further, DCC aims to establish a decentralized banking ecosystem for financial service providers around the world.
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