Formosa Financial announces client onboarding Q4 2018-Mithril client #1
Since completing private round funding in May 2018, Formosa Financial has been working hard in the development of a one-stop digital asset management platform.
Committed to making available a single point of entry to custodial, brokerage and risk management services, Formosa Financial is proud to continue working towards our roadmap goals and begin announcing the first wave of committed clients this Q4 2018.
This first wave of clients to come on board have been carefully selected from our whitelist and will take part in helping us test, refine and develop the platform and services. Out of all the projects and partners on our whitelist, we are honored to announce none other than Mithril as our client #1.
“Jeffrey’s knowledge of blockchain coupled with Mithril being such a large established project means a great amount of feedback and use cases for us to refine and develop our platform”
-Ryan Terribilini, CEO Formosa Financial
The choice of Mithril as our first client was a clear one as we have a history of working together in the development of blockchain and the digital economy in Asia. Mithril being one of the top performing projects of 2018, continues to evolve as an industry leader. Starting with their Lit social mining app and now the release of VAULT (which will serve as a wallet for token holders to keep their MITH and other cryptocurrencies), feedback and insight from founder Jeffrey Huang and his team will be immensely valuable in the refinement of the Formosa Financial platform.
“The Formosa Financial platform addresses a major market need for projects that don’t want to waste time worrying about treasury management of their crypto. I’m excited for Mithril to be a VIP client so we can focus on building great social and tech experiences rather than the market movements”
-Jeffrey Huang, Founder of Mithril
Private Beta services available
1. Risk & Treasury Management — Our partnership and integration with Compound protocol will enable clients access to a platform for interest income and borrowing channels. First phase clients will be able to have early access to certain interest bearing services to be made available on of our platform.
2. Custodial Services — Clients will have access to institutional level custodial solutions for digital assets via our partnership with one of the leading custodial providers. In addition to our clients getting a wholesale rate from our partnership, deposit/withdrawal and account management functions will be tested during private beta.
3. Brokerage — The Formosa Financial dashboard will provide a single access point to multiple exchanges and OTC trading pools via a single point of access, minimizing the need to go through multiple KYC verifications. Once private beta is up and running, first phase clients will be the first to deposit/withdraw funds and convert into different digital assets.
About Formosa Financial:
Headquartered in Taipei, Formosa Financial aims to help digital asset holders and blockchain innovators solve some of the major pain points they face by offering them a one-stop digital asset management platform.
We’ll be sharing more posts on blockchain and the Formosa Financial platform on our official website — An institutional grade digital asset management tool for blockchain innovators.