Friday, March 29, 2024
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ReportHADACoin to list on Swedish exchange

HADACoin to list on Swedish exchange

A Sweden-based crypto exchange will be listing the virtual tokens launched by an Islamic digital banking start-up, lending credibility to the firm looking to integrate blockchain technology and Shariah compliant banking.

Hada DBank is building momentum. The digital banking start-up, founded by three Malaysians, has been growing its network, forging several new partnerships since the start of 2018. The start-up has engaged F1Cryptos, owned by Scandinavian Capital Markets, which will list the start-upā€™s HADACoin on its platform.

ā€œOur crypto exchange platform will allow a marketplace for individuals to easily register, buy, sell HADACoin, which provide digital banking services while respecting Islamic laws,ā€ shared Michael Buchbinder, a partner at F1Cryptos, who believes the virtual tokens would be sought after by the platformā€™s user base and will attract others in the space. This partnership was facilitated by DE Asset Management, the start-upā€™s Canadian partner it onboarded end of 2017.

Shortly after striking the Swedish deal, the start-up confirms a strategic partnership with New York-headquartered family office LDJ Capital, with Chairman David Drake to sit on the start-upā€™s advisory board. Drake is also the chairman of the Soho Loft Media Group, which will act as Hada DBankā€™s media partner.

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