Formosa Financial and Wanchain Partnership Announcement

TAIPEI, Taiwan, Nov. 12, 2018 /PRNewswire/ -- Formosa Financial, the one-stop treasury management platform for crypto-assets, is proud to announce a partnership with Wanchain, the distributed financial infrastructure powered by cross-blockchain smart contracts with privacy protection. This alliance with Wanchain will enable Formosa Financial to connect communities and assets across the industry through cross-chain transactions and be able to serve additional clients whilst offering decentralized applications alongside off-chain services.

"Wanchain's vision of bringing interoperability to blockchain networks is a great asset to the Formosa Financial ecosystem. We are excited to work with Jack Lu and the Wanchain team to provide yet another entry point to develop new opportunities in blockchain-based financial systems," said Ryan Terribilini, the CEO of Formosa Financial.

Wanchain, the world's cross-chain infrastructure, enables digital asset transactions across multiple blockchains by implementing a cross-chain transfer protocol. With Wanchain's unique privacy protection features and cross-chain smart contract, users will have access to a plethora of distributed applications to efficiently access financial services, such as loans, decentralized exchanges, multi-asset ICOs and other asset management capabilities.

The wide array of digital asset services that will be available on Formosa Financial's platform will bring Wanchain considerable value as Wanchain's applications seek more efficient, safe and customizable asset management strategies. By joining Wanchain's diverse ecosystem, Formosa Financial and Wanchain aim to collectively bring a new level of financial services to both individuals and organizations in the blockchain space.

CEO of Wanchain Jack Lu stated, "Businesses in the blockchain industry currently face unique challenges when it comes to financial services. So naturally, we are very excited Formosa Financial can provide customizable banking and custody services for businesses building on Wanchain and the blockchain space in general. We are confident Formosa Financial will be a great asset and are happy to welcome them to the Wanchain family."

About Wanchain:

Wanchain is a blockchain ecosystem that enables the exchange of digital assets between blockchains with privacy protection and cross-chain smart contracts. The Wanchain infrastructure simplifies the creation of distributed financial applications for individuals and organizations to access financial services such as loans, asset exchange, multi-asset ICOs and other asset management capabilities. Wanchain 2.0 enables the cross-chain functionalities with Ethereum. Wanchain 3.0, currently in Beta, will enable the same functionalities with Bitcoin.

Learn more about Wanchain here: https://wanchain.org/.

About Formosa Financial:

Formosa Financial helps digital asset holders and blockchain innovators solve some of their major pain points by offering a one-stop platform for their financial services needs. From a single point of entry, clients have access to a customizable suite of treasury management tools, minimizing friction, costs and time delays around mission-critical financial tasks.

Learn more about Formosa Financial here: https://www.formosa.financial/.

Media Contact:
Wei Shum 
[email protected]

SOURCE Formosa Financial

Related Links

https://www.formosa.financial