Veron signs partnership with the Securities and Exchange Commission of Cambodia (SECC)

The partnership opens up the Cambodian market for operations of “Veron Asset”

Veron
Veron
Nov 6 · 2 min read

October 30th 2019. Veron Co. Ltd., a global blockchain technology and cryptocurrency company, signed a memorandum of understanding (MOU) with the Securities and Exchange Commission of Cambodia (SECC) at Phnom Penh, Cambodia, becoming the first private company to do so after Korea’s Financial Supervisory Service (FSS) and Korea Securities Finance (KSFC).


The purpose of this partnership is for the Securities and Exchange Commission of Cambodia (SECC) to participate in the operations of Veron Asset, where Veron Asset will obtain licenses to operate its $500 Million USD fund in Cambodia.

“We are very excited about this partnership as it strengthens our position in Southeast Asia. The partnership with the SECC proves that Veron is on the right track to becoming the next generation financial platform. We are very excited about the next upcoming months.” — Yoshimi Takahashi, CEO and Chairman of Veron.

Veron Asset

Veron Asset is an asset management company created through the partnership between Vietnam’s Nam A Bank and Veron Co., Ltd. tasked with the management of an initial fund of USD 500 million. The fund, created in Veron Asset, is divided into the introduction of future financial systems using blockchain technology, hedge funds that invest in cryptocurrency assets, and Quantitative funds.


About Securities and Exchange Commission of Cambodia (SECC)

The SECC is a top-level government body under the Ministry of Finance and Economy that oversees the capital market and licensing activities of banks, insurance companies, securities firms and asset managers, and is headed by Sou Socheat.

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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