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-up’s HADACoin on its platform.
“Our crypto exchange platform will allow a marketplace for individuals to easily register, buy, sell HADACoin, which provide digital banking services while respecting Islamic laws,” shared Michael Buchbinder, a partner at F1Cryptos, who believes the virtual tokens would be sought after by the platform’s user base and will attract others in the space. This partnership was facilitated by DE Asset Management, the start-up’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-up’s advisory board. Drake is also the chairman of the Soho Loft Media Group, which will act as Hada DBank’s media partner.