HONG KONG--(BUSINESS WIRE)--Today, ixFintech Group announced that its new product, the Digital Asset Exchange Machine (DAEM), is now landing at Cyberport, Hong Kong*, making available for the Cyberport community to do its first-round trial. The machine enables the Cyberport community and visitors to learn and experience and purchasing and selling digital assets using cash and digital wallet, view the ixCrypto Index performance, as well as other KYC-related functions. Different from other crypto ATMs, DAEM is the world’s first truly decentralized exchange machine equipped with post-quantum computing security technology.
“2020 marked the year for the Group to move into the DEFI space with the completion of DAEM”, stated Irene Wong, the founder and CEO of IX Fintech Group. “We are very grateful to have the support from our partners, 01 Communique from Canada and CryptoGo from Hong Kong to realize our vision on the new generation ATM - the DAEM. We hope the new DAEM will contribute to ixFintech’s blueprint of the digital asset ecosystem and realize our vision on future payment and blockchain remittance. In the future, we will cooperate with some financial product issuers to provide financial products related to the ixCrypto Index, then tokenize these products, and provide more alternative investment choices to the DAEM users.”
ixFintech Group recently expanded its footprint in Singapore by incorporating a new subsidiary IXFINTECH SG PTE. LTD, focusing on digital asset relating business. For more details about the DAEM, please visit http://daemtech.com/. For a trial, please contact email@example.com.
* The machine is now located in the Smart-Space, Core E, 4/F, Cyberport 3
About ixFintech Group and ixFintech SG
ixFintech Group is a Hong Kong based Fintech group with three subsidiaries: ixFintech (“IXF”), ixAsia (“IXA”) and ixFintech SG (“IXS”). ixFintech Limited is a Fintech company established in 2015. As a former participant of the Cyberport Hong Kong Incubation Program in 2016, ixFintech graduated by launching the ixOption App in August 2018, which was awarded with the ET Net Fintech Awards 2018. It was also awarded with the “Top 10 Trading Solution Providers in APAC 2019” by CIO magazine in the USA.
IX Asia Limited (“IXA”) is a finance consultancy company with major operations in Hong Kong. Its services cover finance education, investment product design, investment product marketing advisory, and an index research unit. As a key participant of the Cyberport Hong Kong, and supporter of the University of Hong Kong (“HKU”) Internship and Career mentorship program, IXA launched the first Hong Kong cryptocurrency index - ixCrypto Index together with its mentees from HKU in 2018 with a growing subscription. The index platform was awarded the ETNet Fintech Award- Outstanding Crypto Index Platform (Wealth Investment & Management) 2019.
ixFintech SG is a Singapore company incorporated in 2020 to focus on digital asset related business in Singapore.
Cyberport is an innovative digital community with over 1,500 start-ups and technology companies. It is managed by Hong Kong Cyberport Management Company Limited, which is wholly owned by the Hong Kong SAR Government. With a vision to be the hub for digital technology thereby creating a new economic driver for Hong Kong, Cyberport is committed to nurturing a vibrant tech ecosystem by cultivating talent; promoting entrepreneurship among youth; supporting start-ups on their growth journey; fostering industry development by promoting collaboration with local and international partners; and integrating new and traditional economies by accelerating digital adoption in the public and private sectors.
About the DAEM and ixWallet
DAEM (Digital Asset Exchange Machine), a DeFi machine, is the first next generation ATM equipped with post quantum computing security. The machine enables the exchange between cash and digital assets (cryptocurrencies, real asset backed tokens, and security tokens) with KYC and 3 levels of security. ixFintech aims to build the best next generation digital asset financial framework, working together with its decentralized IX Wallet, targeted to facilitate exchange between traditional assets and digital assets via an ixPoint system. It will also support blockchain remittance to transfer payments globally in the future. The whole system is truly decentralized, meaning the savings of the customers are all on the blockchain but not in the machine. The machine is equipped with patented technology from our Canadian partner, IronCap. Every transaction here is tri-protected by network security, time-protected token (example OTP) and cryptography technology, which supercomputers cannot hack.