The Blockchain Island is in our crypto news today and it’s bringing some great news. Malta is about to start its first blockchain bank that will service crypto.
All of the blockchain companies and individuals were surprised when the OK Group’s Blockchain Capital Limited announced that will be the main investor in RnF Finance Limited to act as a credit institution.
The CEO of RnF Roderick Psaila has been working in the banking sector for almost 30 years and has started multiple banks in Malta over the past 10 years. He was also the CEO of AgriBank- a bank in Malta that is licensed credit institution.
Psaila said that the Bank is planning to bring back ‘’proper banking services to clients’’.
The blockchain bank will offer banking services to corporate, private banking, wealth management, and lending. The main target of the bank will be big corporate companies and private clients.
This is great news for all the crypto exchanges and companies that are issuing security tokens because the bank will service them like any other company. Also, the bank intends to invest in blockchain and AI intelligence because this will help the bank to attract clients efficiently.
The founding partner of the OK blockchain Capital Limited M. Tian Ying said:
“We are delighted to partner with Roderick and his team of bankers in this exciting project in Malta, and are excited to be involved in this new banking venture on Blockchain Island.”
Malta is the first country to move towards a regulated blockchain industry and it is expected to cultivate more opportunities on the Blockchain Island.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Discussion about this post