To further expand our business, Nippon Wealth Limited, a Restricted Licence Bank from Hong Kong, has completed a capital injection through a third-party allocation of shares of OJBC Co., Ltd., which wholly owns Nippon Wealth.
We are also pleased to announce that an agreement on business alliance with four enterprises, including the co-founder of Ethereum and founder of global blockchain company ConsenSys, has been concluded.
Nippon Wealth has been steadily growing its business for the last three years since its inception. 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, a private equity fund from Singapore, to become its new shareholder, and with Shinsei Bank Limited from Japan remaining its largest shareholder, we now have 12 enterprises from different fields in Japan and Hong Kong supporting us as our shareholders.
Nippon Wealth is excited to build on the business alliance between Shinsei Bank in Japan and ConsenSys, and to have the opportunity to bring innovation to the fintech space. Through the business collaboration of the four enterprises — ConsenSys, Tribay Capital, Shinsei Bank and Nippon Wealth.
Nippon Wealth will explore the application of ConsenSys DApps to develop new products and services, and more specifically Nippon Wealth will launch study in the area of blockchain applications. We look forward to rolling out our offerings and details of our services at a later date.
In the light of the above, Hong Kong — the No.1 asset management centre in Asia — will be our stage for providing ‘asset management products of world standards’ with ‘Japan Quality Services’ for the good of numerous private investors. We will take a step forward as a newly-fashioned financial institution with digital banking service.
Source Fintech Zoom