DUBAI: Future FinTech Group (FTFT) has opened a unit in Dubai that will operate crypto trading and asset management.
The new company will provide full financial service in the blockchain space, it said in a statement, building a financial services platform to attract investors.
“Building a financial services platform based on blockchain technology is a key development plan for our company,” FTFT chief Shanchung Huang said.
He added the Dubai venture will help them become “one of the world’s most active and influential digital currency and crypto asset trading and management services providers.”
The US-registered company earlier signed a deal with another digital currency platform, which claims to have more than 1.2 million registered members worldwide.
The move demonstrates the UAE’s eagerness to develop its blockchain ecosystem, with a spate of recent investments in digital currency infrastructure.