On 27th November 2018, the management from BXA held the first investor conference to reveal how BXA will revolutionize digital finance and create a more inclusive financial system.
Through this conference, BXA secured finalized commitments for the BXA investment opportunities and have garnered more interest than our targeted fundraise. Investors were able to gain more insights about BXA through the conference and by speaking directly to the management team including Dr Byung Gun Kim, who had recently acquired a controlling stake in the largest South Korean cryptocurrency exchange, Bithumb.
Currently, the BXA team is finalizing the procedure for token distribution, focused on building a strong community and heighten awareness to ensure the long-term success of BXA.
The event was graced by the Korean Ambassador — Ahn Young-jip, President of Korean Association — Roh Jong-hyun and several industry leaders of the financial sector. In We would like to express our gratitude towards the valuable insights that were discussed on the sidelines with Kim Bo-hyun — President of Korea Industrial Bank Korea (Singapore), Jae Hyeong — President of Woori Bank (Singapore), Lee Seung Woo — President of Hanwha Investment and Namgoong Song — President of Korea Investment Security (Singapore).
From the left, Mr Lee Seung Woo — President of Hanwha Investment, Ahn Young-jip — Korean Ambassador (Singapore), and Roh Jong-hyun — President of Korean Association (Singapore).
Dr Byung Gun Kim shared about the success of Bithumb and how he had been a shareholder in Bithumb before it became South Korea’s largest cryptocurrency exchange. Because of his deep understanding on Bithumb’s operations, he saw that there was an immense potential for Bithumb to expand globally and become a world leader in the blockchain industry. This motivated Dr Kim to acquire a controlling stake in Bithumb and to leverage on that to build a new FinTech company that can bridge the gaps between traditional financial infrastructure and cryptocurrencies.
Dr Byung Gun Kim addressing investors in his introductory speech.
The Director of Foreign Affairs and Deputy Chief of Staff to the Prime Minister of Georgia, Vakhtang Katamadze, was unable to be present in Singapore but delivered a speech on how Georgia is embracing technology to become a truly digital nation. Mr Vakhtang Katamadze noted that through Georgia’s own experience of using blockchain technology for land registry was one of the first success cases in the world that proved that blockchain technology can be used in government services. “I wish the BXA team and all participating investors, all the best in this amazing and magnificent journey, and hope that Georgia can become part of this amazing path.”
Mr Vakhtang Katamadze, Director of Foreign Affairs and Deputy Chief of Staff to the Prime Minister of Georgia, discussing about how Georgia is using blockchain technology within the government.
Mr Kangho Kim, Director and Board Member of BXA, delivered a business presentation on how BXA plans to leverage on two core business verticals, Exchange Alliance and Payment Gateway, to pave the way for BXA to become the dominant financial solution provider for the digital economy.
An efficient payment solution is a key gateway for the real adoption of blockchain technology, enabling crypto assets to be used in our daily lives. Backed by the deep liquidity of the Exchange Alliance, BXA’s Payment Gateway can provide a new user experience for digital payment with a simplified process and much lower fees than existing processes.
Going beyond that, future business expansion plans for BXA includes new business verticals such as OTC, Futures trading, custodian services, security token platform and to form a crypto bank.
Mr Kangho Kim presenting on BXA’s business verticals and future expansion plans to investors.
The session was concluded with a panel discussion with four BXA Board Members, Dr Byung Gun Kim, Mr Kibum Kim, Mr Kangho Kim and Mr Javier Sim.
Insightful questions were posed to the Board ranging from broad topics about blockchain technology in general to BXA’s business operations.
Investors had asked for deeper elaboration on BXA’s partnerships, in particular that with SeriesOne and Qoo10.
The partnership with SeriesOne was made as we see the United States as a crucial financial market for our business. The United States is also where rapid developments in regulations and Security Token Offerings is being explored. These are some of reasons why BXA is in active talks with SeriesOne on how we can deepen our collaboration. If regulatory developments are favorable, BXA might be able to produce tangible results from our partnership with SeriesOne.
On the partnership with Qoo10, the largest Southeast Asia eCommerce marketplace, we see immense synergy in integrating BXA tokens into the Qoo10 payment system where more than 14.3million users (10million from Qoo10, 4.3million from BXA) would be able to leverage on digital payments for greater efficiency and cost savings.
Four of BXA’s Board of Director members, from the left: Mr Kibum Kim, Mr Javier Sim, Dr Byung Gun Kim, and Mr Kangho Kim, addressing insightful questions raised by investors.
We are starting to witness the transformation of digitalized assets being put on blockchain technologies. This transformation is inevitable, and it is where the future is accelerating towards. In the coming years, we will see greater adoption and expansion by government organisations and institutions. That is why forward-thinking countries such as Georgia are exploring potential use of the technology.
We are confident that we are still at the very early stage of blockchain development and BXA is at the forefront for the adoption of blockchain technology.