Nam A Bank and Veron Co., Ltd. Joint Venture to Create Veron Asset

Management of the USD 500 million fund undertaken by Joint Venture “Veron Asset”.

Veron
Veron
Nov 4 · 2 min read

November 1st 2019. Vietnam’s Nam A Bank and Veron Co., Ltd. officially announced their partnership by establishing Veron Asset Vietnam, an investment asset management company tasked with the management of an initial fund of USD 500 million.

Established in Ho Chi Minh City, Vietnam, Veron Asset strives to be the world’s leading blockchain and asset management company for cryptocurrency assets, strengthening the Veron financial ecosystem.


Use of funds

The Veron Asset funds will be invested in leading blockchain companies preparing for commercialization, used to set up hedge funds for investment in cryptocurrency assets, and used for arbitrage funds between countries.

Management of the fund will be lead by Yoshimi Takahashi, Chairman of Veron, who previously served as Head of Asia Market for Nomura Securities, as CEO for E*Trade Korea, as Chairman, and CEO of Softbank Investment Korea, and as Chairman and CEO of SBI Investments Korea.

“The creation of Veron Asset is an important step towards embedding blockchain technology and cryptocurrency in the existing financial ecosystem and providing a truly customer-focused payment solution.” — Yoshimi Takahashi, Chairman of Veron.


About Nam A Bank

Vietnam’s Nam A Bank is a mid-size bank, heavily investing in IT companies while expanding across Vietnam. Tran Ngoc Tam, Chairman of Nam A Bank, leads this movement.

About Veron Co., Ltd.

Veron is a high-performance infrastructure to power the next generation of financial services and bridge the gap between cryptocurrency and the traditional banking system.


Veron

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Veron

VERON seeks to revolutionize the world’s global finance, banking, and overseas remittance system.

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