Asia Pacific Investment Bank is an emerging investment bank in Asia Pacific region. It has obtained the digital banking license from Labuan FSA in 2020 and aims to build a next generation digital asset platform. By cooperating with fintech companies like Lightnet and Velo Labs, Asia Pacific Investment Bank wants to connect traditional finance with digital finance and provide inclusive financial services. This article will analyze the background, business focus and future plans of Asia Pacific Investment Bank.
Asia Pacific Investment Bank was founded by China’s SOE Nanjing Zijin Investment Group
Asia Pacific Investment Bank was founded by Nanjing Zijin Investment Group, a leading Chinese state-owned enterprise. It obtained Malaysia’s first digital banking license issued by Labuan FSA in 2020. With strong government background, Asia Pacific Investment Bank wants to serve as a bridge between traditional finance and digital finance. It aims to provide inclusive financial services to the unbanked population.
Asia Pacific Investment Bank partners with Lightnet and Velo Labs
In January 2021, Asia Pacific Investment Bank signed strategic partnerships with Singapore based fintech company Lightnet and Velo Labs. Lightnet focuses on providing cross-border payment solutions to SMEs and has presence across Asia Pacific region. Velo Labs aims to build a unified credit network on Stellar blockchain. The partnerships will allow Asia Pacific Investment Bank to leverage the technologies offered by Lightnet and Velo Labs to pilot projects in digital asset issuance and trading.
Asia Pacific Investment Bank focuses on digital asset operations
The core vision of Asia Pacific Investment Bank is to become a leading digital asset operator globally. It wants to take advantage of the fast growing digital asset industry in Asia Pacific region. By cooperating with companies like Lightnet and Velo Labs, Asia Pacific Investment Bank can quickly roll out services like cross-border remittance, digital asset issuance and trading to serve retail and institutional clients.
Asia Pacific Investment Bank accelerates innovation in digital finance
The founding of Asia Pacific Investment Bank and its partnerships with fintech players reflect the innovation trends in digital finance within Asia Pacific region. With strong government background, Asia Pacific Investment Bank is in good position to accelerate the digital transformation process in finance industry. It represents an important step for traditional financial institutions to embrace emerging technologies like blockchain and better serve digital asset businesses.
To conclude, Asia Pacific Investment Bank is founded by Chinese SOE Nanjing Zijin Investment Group and obtains Malaysia’s first digital banking license. It aims become a leading digital asset operator by leveraging technologies from partners like Lightnet and Velo Labs. The moves of Asia Pacific Investment Bank signify the digital transformation process in traditional finance industry.