Anquan Capital Pte. Ltd, a Singapore-based group of technology companies has partnered with the FinTech arm of the German WEG Bank AG, which operates under the brand name TEN31.
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Anquan Capital has launched a number of innovative technology companies including Zilliqa, Anqlave and Aqilliz. TEN31 Bank, which is currently developing into a specialist institute for blockchain-related FinTech companies, will implement joint projects with these companies in the future.
The new partners will announce specific projects over time. However, it is expected, for example, that the legal framework for crypto storage that has been in place since early 2020 will play a role. TEN31 has positioned itself accordingly at an early stage and secured permission under the grandfathering rule of the German banking code.
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This collaboration will explore opportunities between Anquan Capital through Anqlave and Zilliqa. Anqlave develops custody and secure data storage solutions for enterprises, while Zilliqa is a high-throughput, high-performance blockchain for next-generation enterprises and applications.
With the new partnership, the strategy of TEN31 Bank continues to consistently focus on strategic partnerships. With this important step, the vision of the founder, Matthias von Hauff, to shape the bank into a full-service provider for FinTech customers has become a reality.
