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Nippon Wealth, Shinsei Bank collaborate with blockchain startup ConsenSys

Nov 09, 2018 03:41 am UTC

Nippon Wealth, a Hong Kong-based Restricted Licence Bank, has announced an alliance with three other enterprises including blockchain startup ConsenSys, Japan-based Shinsei Bank, and Singapore-based Tribay Capital.

Through this alliance, Nippon Wealth said that it will launch study in the area of blockchain technology and explore the applications of ConsenSys DApps to develop new products and services.

“We look forward to rolling out our offerings and details of our services at a later date,” it added.

Commenting on the alliance, Shinsei Bank said that it aims to build and offer diverse and sophisticated financial services based on blockchain technology.

Nippon Wealth is a wholly-owned subsidiary of OJBC, a financial holding company incorporated in the British Virgin Islands. OJBC’s shareholders include Shinsei Bank (largest shareholder (50%)), Tribay Capital, Mercuria Investment, Miroku Jyoho Service, Monex Group, and other listed corporations.

In addition to the alliance, Nippon Wealth announced that it has completed a capital injection through a third-party allocation of shares of OJBC.

“For further business expansion and stability of its operations, a capital injection has been arranged with support from our shareholders. Nippon Wealth welcomes Tribay Capital to become its new shareholder, and with Shinsei Bank, Limited remaining its largest shareholder, we now have 12 enterprises from different fields in Japan and Hong Kong supporting us as our shareholders,” it said.

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