BIGG Digital Assets Inc.’s (OTCMKTS: BBKCF) subsidiary Blockchain Intelligence Group has announced a partnership with Blockchain Foundry Inc. to offer compliance management solutions for stablecoin innovators.
BIGG partners with Blockchain Foundry on compliance regulation
Following the creation of the Syscoin protocol by BCF’s senior technical team and Blockchain Foundry also developed significant proprietary tech that uses the Syscoin blockchain network. The companies will unveil a joint platform to help stablecoins gain scalability, security, and transparency. The Blockchain Foundry’s on-chain conformity platform and wallet-to-wallet transactions verification capabilities will include BitRank Verified® and QLUE. In addition, to entities managing stablecoins, the integrated capabilities will provide real-time risk mitigation.
BIG president Lance Morginn said that Blockchain Intelligence Group is well-positioned to assist current and future stablecoins adoption and support transparency. Morginn stated that they would offer a complete solution for stablecoins, fractionalized NFTs, and security tokens supported on the Syscoin blockchain ecosystem by teaming with Blockchain Foundry, a blockchain-based business solutions leader.
Jag Sidhu, Blockchain Foundry Chief Technology Officer, said they are creating tools necessary to enable and adopt stable coins, digital security tokens, and commodity-based digital assets operating on enable settlement ledgers. The BitRank and QLUE solutions help the company to offer solutions allowing issuers to react to regulatory requirements and be preventative to enable compliance in different ways to conventional financial transfers.
Netcoins hit record May revenue.
BiGG recently announced that its subsidiary Netcoins, a crypto brokerage that enables Canadians to buy and sell crypto, hit record revenue highs of $1.95 million for May 2021, a 22% MoM. Similarly, individual monthly trades/ transactions were up by 23%, with monthly active users growing by over 20% and monthly margins and is track above 1%.
Mitchell Demeter, Netcoins President, said that they are delighted with the record revenue for may, which shows customer commitment to Netcoins as the trading platform of choice.
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