Monsoon Blockchain Corporation, Asia’s premier blockchain
company pioneering the adoption of highly secure decentralized
asset management, has partnered with Asia’s largest digital asset
platform OSL of BC Group, DraperDragon Fund, CarbonBlue of BSN, and
Academy Award Winning Studio Cross Creek Media. This deal signifies
a major move for the blockchain, digital assets, and the expansion
of global media and Hollywood. These partners create a global
powerhouse in the Asia-Pacific region, which plan to harness
industry-leading blockchain solutions for their business needs.
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The Monsoon-OSL deal will explore opportunities to accelerate
the drive towards the digitalization of assets, money, currencies,
and decentralized blockchain ledgers (where all transactions,
storage of payments and data will be inviolably recorded).
Combining intellectual property, deal flow, large scale investors,
and blockchain capabilities, Monsoon Blockchain is looking to
create a digital asset powerhouse in the US and Asia.
OSL is the Hong Kong region’s most comprehensive digital asset
platform, providing Software-as-a-Service, brokerage, exchange, and
custody services for institutions and professional investors. OSL
manages over $1.5B in transactions per month in digital asset
trading. After reaching $171 billion this year, the value of
business-to-business and cross-border payments carried out on
blockchain systems is estimated to exceed an astounding $4.4
trillion by 2024.
Recently, Fidelity International, a spin-off from the U.S.
financial services brand Fidelity Investments, invested in BC Group
(stock code: 863 HK), the Hong Kong-based operator of crypto
exchange OSL. Including custodial accounts, the firm reported $8.3
trillion in assets under administration - a spike from the reported
$6.7 trillion in 2018.
Both Monsoon and OSL will participate in launching multiple
digital assets and tokens including media and telecommunications
tokens, Monsoon Token, and other branded assets within the Monsoon
ecosystem. Monsoon has been making worldwide news in blockchain
after partnering with China’s largest phone retailer, Dixintong
(D.Phone), which generated a reported $2.5 billion in revenue in
2019.
Monsoon will be joining the Blockchain-based Service Network
(BSN), which was recently launched on the Chinese Mainland on April
25th, 2020 and will officially be available for global commercial
use by June 25th. China Mobile, China UnionPay, and Red Date
Technology are the founding consortia partners that created the BSN
protocol and infrastructure, which has been deployed in over 100
cities in China. The BSN is a global interoperability protocol that
allows companies to connect to different blockchain ecosystems, as
well as create and run new blockchain-as-a-service applications.
The BSN will accelerate the development of digital economies and
smart cities deployment by providing global interconnectivity and
integrated blockchain cloud computing services for participants on
the network.
Additionally, Monsoon has formed a new partnership with
CarbonBlue Innovations to integrate cloud computing capabilities on
top of the BSN protocol, allowing the creation of new low-cost
blockchain cloud computing offerings suitable for developing
regions of the world. CarbonBlue Innovations is a leading venture
building and investment company that is focused on rapidly
commercializing and scaling blockchain, fintech, and digital
finance innovation around the world. Not only does CarbonBlue
Innovations focus on both fintech infrastructure solutions, but
also digital assets and investment banking services to allow the
institutional adoption of regulated digital assets.
Michael Sung, Chairman of CarbonBlue Innovations asserted:
“Monsoon’s unique cloud computing optimization technologies
complement the existing multi-cloud offerings of the BSN and can
further enhance our ability to customize blockchain cloud services
for the developing world. With this partnership, we will be able to
offer compelling low-cost solutions to enable SMEs (small and
medium enterprises) globally to join the digital economy, which
will massively drive self-sufficiency and financial inclusion in
these developing regions.”
Monsoon will also be able to leverage the partnership with
CarbonBlue Innovations to create innovative digital asset
securitization and digital finance solutions for the market.
Leveraging CarbonBlue Innovation’s strong academic and
institutional finance affiliations, the new partnership will allow
the creation of a vertically-integrated digital asset investment
banking platform to address the massive opportunity in the future
digitization of the world’s economy. CarbonBlue Innovations is able
to provide full-stack solutions, vertically-integrating fintech
technology infrastructure, legal/regulatory best practices, and
institutional financial engineering expertise for digital
finance.
Michael Sung added, “CarbonBlue Innovations has created a strong
strategic partnership network consisting of the top digital asset
companies leading the industry. Combined with Monsoon’s access to
various industry ecosystems and pipeline of tokenization projects,
our partnership will enable us to immediately scale to take a
leadership position in the market and allow our clients to leapfrog
into the future of finance.”
DraperDragon Fund is a private equity and venture capital firm
specializing in seed, early stage, mid stage technology startups
financing. The firm seeks to invest in technology companies,
companies throughout a widely-defined technology arena, mobile
internet, Fintech, BlockChain, and internet software and services
companies, focusing on China-centric businesses. DraperDragon Fund
has invested in blockchain companies like Telegram, Ledger,
Vechain, Ultrain, Aelf and Token Insight. “The Partnership with
Monsoon and BC group would further extend our BlockChain investment
strategy” said Richard Wang, Managing Partner of Dragon Digital
Fund. DraperDragon is an extension of the Draper Venture Network
(DVN) backed by Billionaire Tim Draper who is often regarded as one
of the most successful venture capitalists in the world.
Partnering with Monsoon Blockchain, Cross Creek Media ($1.5B in
the worldwide Box office) will expand its digital assets in film,
television, and IP into the blockchain universe. The aim of the
partnership is to achieve streamlined digital content management
systems, and to gain broader access to worldwide audiences. Cross
Creek has been a co-financier/producer of such films as Oscar
winner Black Swan and has been behind hits American Made, Everest,
Black Mass, Bloodshot, Hacksaw Ridge and the upcoming The Trial of
the Chicago 7. Cross Creek is well positioned to be the next
generation of production houses. Additionally, Cross Creek will
announce a token style offering alongside Monsoon Blockchain
Corporation. Timmy Thompson, CEO of Cross Creek Media stated: “We
are very excited to work with Monsoon and continue developing
award-winning properties. Furthermore, we believe Cross Creek's
portfolio of new media technology investments perfectly positions
us to take advantage of the new distribution paradigms.”
“We are very honored to work with such insightful leaders and
innovators, the breadth of participants in this deal demonstrates
the significant impact blockchain will have across a wide variety
of industries,” Dr. Donald Basile added, “tokenization of asset
classes has a tremendous upside on both the investment level and
security level. Gartner’s prediction of over $3 trillion of
business value added by blockchain seems increasingly likely.”
Monsoon Blockchain Corporation is focused on innovative cloud
solutions in the blockchain ecosystem. Dr. Donald Basile, its CEO
and founder, is the former CEO of Fusion IO, a company known for
playing a major role in implementing the cloud systems at Apple and
Facebook as well as partnerships with HP, IBM, and Dell. Recently,
Monsoon Blockchain added advisory board members Ken Goldman,
President of Hillspire (Eric Schmidt’s family office), and former
CFO of Yahoo and Fortinet and Xiaoma Lu, former Dalian Wanda
Investments CEO and former board member of the Shenzhen Stock
Exchange to their team.
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WEI MING
Wei.ming@MonsoonBlockchaincorporation.com