Nippon Wealth is looking to “bring innovation to the fintech space,” and apparently, it brought in some big guns to help it.
According to a press release, the Hong Kong-based wealth manager has made an alliance with Japanese finance giant Shinsei Bank, Singaporean private equity firm Tribay Capital, and Brooklyn-headquartered blockchain startup ConsenSys.
Through it, Nippon Wealth aims to “explore the application of ConsenSys DApps to develop new products and services.”
The company also plans to launch a “study in the area of blockchain applications,” adding that it hopes to roll out several new offerings following the review.
The alliance was made following a capital injection by Tribay Capital into Nippon Wealth. Shinsei Bank remains the company’s largest shareholder.
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