Singapore, 6 July 2021: We are pleased to announce the signing of a Memorandum of Understanding (“MOU”) between China Taiping Insurance (Singapore) Pte. Ltd. (“CTPIS”) and Cyberdyne Tech Exchange Pte. Ltd. (“CTX”).
Headquartered in Singapore, CTX is a green digital exchange licensed and regulated by the Monetary Authority of Singapore. Empowered by Nasdaq’s best-in-class trading and market surveillance engines, CTX offers a comprehensive suite of capital market services for global issuers, institutional investors and accredited investors.
The MOU was signed on 6 July with the key objective of providing mutual support and resources sharing - CTX will introduce asset issuers and investors to CTPIS and provide investment solutions to CTPIS. CTX will also name CTPIS as one of the preferred insurers to its asset issuers and investors. CTPIS will offer customized general and life insurance solutions for these issuers and investors. Through resource sharing and collaborative innovation, both companies aim to promote investment, trading and insurance of digital green assets.
The MOU signing ceremony was witnessed by Mr Yang Yamei (left on back row), General Manager, China Taiping Insurance (Singapore) Pte. Ltd. & Mr Bai Bo (right on back row), Executive Chairman and Co-founder, Cyberdyne Tech Exchange Pte. Ltd. We are certain that this strategic partnership will strengthen the future prospect of insurance of digital green assets and bring the best of both worlds together.