Estimated reading time: 0 minutes, 27 seconds

OneConnect Financial Technology Looks to Make Blockchain Play with U.S. IPO

OneConnect Financial Technology, the fintech arm of China’s Ping An Insurance, took steps toward a U.S. initial public offering. So reports Coindesk.

Ping An, which is backed by SoftBank, is the nation’s largest insurance company. The company is hoping to raise at least $100 million and will be listed on NASDAQ. Ping An is responsible for the second-most Chinese blockchain patents with 274 filed through the first half of this year and has pledged 1% of its revenue toward blockchain development to that end.

Read the full article from Coindesk.

Read 4442 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.