China Taiping Insurance Singapore Pte. Ltd. (“CTPIS”) and Cyberdyne Tech Exchange Pte. Ltd. (“CTX”) have announced a new cooperation agreement to encourage the investment, trading and insurance of green assets.
The agreement, signed this week in the form of a Memorandum of Understanding, included CTX enlisting CTPIS as their preferred insurer. Asset issuers and investors (both accredited and institutional) will benefit from access to the expertise and customised insurance solutions of CTPIS when using CTX for primary issuance, secondary trading, settlement, clearing, and custody of asset-backed tokens.
The two parties confirmed the scope of the agreement provides for continued strengthening of future cooperation in achieving common goals that will foster stability and liquidity of the increasingly in-demand asset class.
Mr. Yang Yamei, General Manager at CTPIS, said:
“ We are delighted to partner with Cyberdyne Tech Exchange who has deep knowledge in digital green asset. Together through resource sharing and collaborative innovation, we can unlock the potential of investment, trading and insurance of green assets. This strategic partnership will allow us to bring the best of both worlds together.”
Bo Bai, Executive Chairman and co-founder of CTX, said:
“CTX is very happy to cooperate with CTPIS on promoting green assets. As a licensed digital exchange, CTX offers best-in-class capital market services. China Taiping Insurance is regularly acknowledged as a leader in their field with unique market capabilities. This agreement will help us accomplish our goals of establishing Singapore as a green finance hub.”
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