FuzeX and XTOCK launch a new enterprise custody cold wallet service.
FuzeX, a cryptocurrency payment platform company, has announce it will launch a new enterprise custody cold wallet and payment service with XTOCK, a global over-the-counter stock blockchain company.
FuzeX is a card-type cryptocurrency payment service that provides real-time conversion of stored digital asset into fiat at making payment, and has high security technology for payment, storage, and conversion of cryptocurrency. XTOCK is a global over-the-counter stock blockchain company that provides STO, Custodian, Exchange, and Wallet services based on its outstanding blockchain technology of digital asset management and trading.
XTOCK, based in Hong Kong, maintains an alliance network by signing STO Alliance partnerships with a number of companies including Polymath, BitForex and Legacy Trust.
The two companies will launch a new innovative enterprise custody cold wallet which goes beyond the limits of services and products offered by existing competitors according to combine their business know-how and technologies from digital asset payment, store, and exchange, and real-time AML solution of STO and STO custody wallet. The two companies will secure a leading position in the global custodian market through the enterprise custody cold wallet service (tentative FuzeVault).
It will be added the payment, storage and exchange functions which are supported by FuzeX into the enterprise custody cold wallet to provide a new custody and payment experience to 4 million users from XTOCK’s existing partners; BitForex, Coinbene and Cashierest. The two companies will exchange each of their certain amount of tokens at one-on-one ratio, and will proceed cross-airdrop and buyback to stabilize the prices.
According to the event, XTOCK will secure the enough liquidity to support a payment and real-time exchange from the its custody service, while FuzeX secure the enough funds to carry out its long-term project by securing a high-priced CUST token at a one-on-one ratio.
The XTOCK custodian token, CUST, has been listed on Coinbene on the 5th June and is now five times higher than its initial public offering.
CEO of FuzeX, JAEHUN BAE, said, “Our security skills of payment, storage and exchange have been proven by lauching the enterprise payment and custodian service with XTOCK,.” He added, “The future value of the FXT is expected to increase through the 1on1 exchange between CUST and FXT.”
XTOCK CEO, JIN HONG PARK, said ``Through the strategic investment and technology assurance in FuzeX, we are able to position ourselves as a technology leader in STO and Custodian market”. He added, “We are very proud to offer our new custodian services to our XTOCK and FuzeX customers.”
http://www.businesskorea.co.kr/news/articleView.html?idxno=33059
