[ET Net News Agency, 24 July 2018] Madison Holdings (08057) said the company and
Blockhouse have agreed to form a joint venture owned as to 33.3% by Blockhouse and as to
66.7% by Madison. The total initial capital contribution shall be US$2 million, which
shall be made by Madisonand and Blockhouse in proportion to their respective shareholding
in the JV company.
The purposes of forming the JV company are to provide advisory services on the
commercial application of blockchain technology; develop cryptocurrency banking platform
by offering payment and settlement services; develop a fair exchange platform for trading
cryptocurrencies globally; and create complete ecosystem of public blockchain by providing
the above-mentioned services to the proposed users.
Blockhouse researches and develops regulation technologies, secure blockchain
infrastructures and standards, green mining algorithms and systems, and secure smart
contract tools and technologies. (SC)
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08057 MADISON HLDG
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0.148 0.000 (0.000%) Others
24/07/2018 15:42
Madison Hldg (08057) forms JV for blockchain technology biz
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