AllianceBlock will work in tandem with TopJuan Tech Corporation to launch “a globally compliant digital asset ecosystem in the Philippines,” the two companies announced in a press release. AllianceBlock is planning to launch a decentralized platform to automate the process of turning any digital asset into bankable security via an internationally recognized Individual Securities Identification Number (ISIN).
TTC stands for TopJuan Tech Corporation, a financial technology company endorsed by the Central Bank of the Philippines (BSP) to incorporate as an E-money provider, remittance agent, and a virtual currency platform operator. TTC is an institutional gateway for digital banking and solutions for financial inclusion services. The TTC mobile app, Top Wallet, functions as a payment solution, digital asset wallet, and a partner gateway to the TTC ecosystem.
AllianceBlock and TTC hope to provide fully compliant digital asset access to the 106+ million people who live in the Philippines. One of the pillars of the partnership is “the development of a regulated sandbox in the Philippines to facilitate the creation of a range of compliant crypto structured products,” the companies said.
“Our partnership will allow regulated access to the Philippines for AllianceBlock to fulfill the growing demand for access to compliant digital asset investments in the Philippines through the AllianceBlock Protocol,” said TTC President Jose Clifford Ramos.
“We are excited about our partnership with TTC and this real use case bridging decentralized and traditional finance. This is only the first step of our journey in the Philippines, and we look forward to providing in-depth liquidity solutions through our network and positive outcomes for Filipino capital market innovation and financial inclusion,” said AllianceBlock CEO Rachid Ajaja.
TopJuan Tech Corporation provides B2B and B2C financial services and solutions in digital banking technology for fiat and digital assets within a regulated framework. TTC is part of a group of companies with interests in security, financial consultancy, collection services, immigration, travel and leisure, logistics, and real estate.
AllianceBlock is building the first globally compliant decentralized capital market. Incubated by three of Europe’s most prestigious incubators: Station F, L39, and Kickstart Innovation in Zurich, and led by a heavily experienced team of ex-JP Morgan, Barclays, BNP Paribas, Goldman Sachs investment bankers, and quants, AllianceBlock is “on the path to disrupt the $100 trillion securities market with its state-of-the-art and globally compliant decentralized capital market.”
Read more at https://globalcoinreport.com/allianceblock-ttc-join-forces-to-build-a-globally-compliant-digital-asset-ecosystem-in-the-philippines/