Blockchain Firm BitUN Announces Partnership WIth Ping An Securities Group

Announcements, Blockchain | April 23, 2018 By:

Blockchain asset private bank BitUN has teamed with the Ping An Securities Group to promote the development of the blockchain market.

Based on HIGGS blockchain network, BitUN uses the Lightning Network 2.0 technology to establish a digital currency settling and liquidation network that resolves the issues of heterogeneous blockchain asset management and liquidation. It provides a series of functions such as blockchain assets management and enterprise hardware wallets and solutions, all of which can connect and stimulate most application scenarios of digital assets. The company’s BUC token has completed issuance in March and was listed on Coinsuper Exchange earlier this month

The Ping An Securities Group is an investment holding company principally engaged in the provision of financial services. Its wholly owned subsidiary, Ping An Securities Limited, has been well-established for more than 40 years. The group is providing one-stop shop financial services, with business expanding from securities trading, placement, and underwriting to private wealth management, asset management, and insurance services.

Under the partnership, the Ping An Blockchain Research Institute and BitUN will be working together to conduct research in blockchain market analysis, project rating, blockchain innovative application scenarios, industry development, and ecosystem construction. The research results will be published externally as reports.

In the future, the two companies will further cooperate in various aspects, including blockchain asset management and finance. The aim is to provide higher quality blockchain asset management and investment services to customers in Singapore, Europe, the US, and South East Asia.

Last month, Ping An signed an agreement with the Management Committee of Hengqin New District, Zhuhai city, Guangdong province in China to initiate a close collaboration in several fields, including the building of smart cities and innovation in the financial sector. Ping An hopes to bring its extensive application experience in artificial intelligence (AI), big data, cloud computing, blockchain and intelligent security to use in this new project.