everVision, Arweave’s Web3 infrastructure provider, has recently entered into a strategic partnership with Malaysia’s Asia Digital Bank. The partnership will open up a new chapter in Arweave’s role as the underlying settlement infrastructure for innovative digital financial institutions.
It is reported that Asia Digital Bank will use everVision’s digital asset payment protocol everPay to fully upload the digital asset ledger of financial institutions to Arweave and use this as an opportunity to create a low-cost blockchain solution for trusted collaborations among multiple financial institutions in the future.
In addition, the two parties will jointly explore a series of organic combinations of licensed financial institutions and Web3 technology in a legal and compliant manner, such as jointly building a digital finance management platform, jointly researching an aggregation trading platform, and co-creating a joint laboratory to create a prototype of a cross-chain multi-currency payment and settlement system.
“The advent of the Web 3.0 era will comprehensively promote the upgrade of the Internet’s trustworthiness, inclusiveness, and security. More importantly, it emphasizes user-centricity, which is highly consistent with our original intention of Asia Digital Bank to build an inclusive self-financing ecosystem for global digital assets,” said Andy Liu, Chairman of Asia Digital Bank. “In this regard, the construction of infrastructure is undoubtedly the cornerstone. This time, we have joined hands with everVision to jointly explore cooperation in the field of digital assets in the context of the Web3.0 era with the model of licensed institutions + technology expertise. We anticipate laying the foundation and providing a reference for future multi-participation and cross-border cooperation in the digital finance industry, and build a win-win situation together.”
Wei Xiong, the founder of everVision, said, “After 13 years of development, blockchain technology has been pushing the boundaries of technology and has reached the tipping point of mass adoption. Compliance assets and blockchain-de-trusted ledgers will be closely aligned, and the future is looking bright! In the next five years, Web 3.0 will officially come to the masses.”