Volta (formerly EOS) and Fosun Collaborate to Build Blockchain Financial Infrastructure in Hong Kong
Summary
- Volta and Fosun Wealth Holdings announced that they have formed a strategic alliance to build blockchain-based digital asset infrastructure in the Hong Kong financial market.
- In this partnership, Volta stated that it plans to use its exSat platform to provide on-chain financial services such as asset issuance, revenue generation, and cryptocurrency payments.
- Fosun announced it will support regulatory-compliant financial infrastructure leveraging its existing financial licenses and real-world asset tokenization capabilities.
Volta (formerly EOS) is partnering with a Fosun affiliate to establish blockchain-based digital asset infrastructure in the Hong Kong financial market.
According to CoinDesk, a media outlet specializing in virtual assets (cryptocurrency), digital financial platform Volta has entered into a strategic alliance with Fosun International’s subsidiary, Fosun Wealth Holdings. This collaboration will revolve around Fosun's leading virtual asset project, FinChain.
Volta plans to utilize its digital banking platform, exSat, to provide on-chain financial services such as asset issuance, revenue generation, and cryptocurrency payments. Fosun will support regulatory-compliant financial operations infrastructure based on its existing financial licenses and capabilities in real-world asset (RWA) tokenization. The two companies explained that this partnership lays the foundation for expanding institutionalized virtual asset services in Hong Kong.
Zhao Chen, Head of Digital Assets at Fosun Wealth, stated, "Volta and exSat both possess the product vision and digital financial capabilities necessary to realize FinChain."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
