Ant group cooperates with kenanga Investment Bank Berhad to develop crypto friendly wallets and trading applications
lockbeats news, on August 24, according to cointegraph, ant group has reached a cooperation with kenanga Investment Bank Berhad, a private investment bank in Malaysia, to help it launch an encryption friendly wallet and trading application. The two sides have signed a memorandum of understanding to jointly develop the wealth application superapp. According to the terms of the agreement, the Digital Technology Department of ant group will provide kenanga with mobile development platform mpaas support from Alipay app.
Superapp aims to completely change Malaysia's wealth management mode by integrating a variety of financial services such as stock trading, digital investment management, cryptocurrency trading, digital wallet, and foreign exchange into one platform. Kenanga plans to launch the application in early 2023.