BIGG Digital Assets Inc. Subsidiary Blockchain Intelligence Group Partners with Blockchain Foundry to Deliver Stablecoin Deve...
May 05 2020 - 9:00AM
BIGG Digital Assets Inc. ("BIGG" or the "Company")(CSE:
BIGG; OTCQB: BBKCF; WKN: A2PS9W), owner of Blockchain
Intelligence Group (“BIG”), a leading developer of Blockchain
technology search, risk-scoring and data analytics solutions, is
pleased to announce that it has partnered with Blockchain Foundry
(CSE: BCFN) to deliver Stablecoin development
solutions utilizing BIG’s comprehensive suite of tools to provide
trust and real-time risk mitigation for stablecoin creation.
Incorporating these tools will offer powerful
AML and CFT solutions to the stablecoin chain. BitRank
Verified®, the scoring system that helps to assist the risk to
crypto addresses and transactions, and QLUETM, which allows
the ability to trace, track and monitor those stablecoin wallets
and transactions, will both be embedded to allow stablecoins to be
listed on global exchanges.
BitRank Verified® will scan crypto
addresses for connections to nefarious activities and criminal
elements. By detecting any nefarious activity and giving confidence
that the stablecoin can be monitored will demonstrate greater
regulatory compliance. Similarly, QLUETM will enable the ability to
peer into the details around stablecoin cryptocurrency
transactions. By allowing the ability to trace and track your
stablecoin activities, while at the same time being notified of any
changes or movement, adds another level to management and enhanced
due diligence for regulators and reporting.
Blockchain Intelligence Group’s President, Lance
Morginn, commented, "Partnering with Blockchain Foundry is a great
opportunity for BIG to partner with a team that created one of the
world’s first asset token platforms. They are true leaders in
innovation with a proven delivery model that ensures customer
success. I feel that BIG’s comprehensive suite of tools will
provide trusted and real-time risk mitigation for stablecoin
creators. We are excited to be seen again as the solution to remove
the allure of criminality from cryptocurrency. Our tools are part
of the crypto future and we are excited to be a part of it.”
On behalf of the Board,
Lance Morginn President / Director lance@blockchaingroup.io
T:+1.778.819.8702
About BIGG Digital Assets Inc. BIGG Digital
Assets Inc. (BIGG) believes the future of crypto is a safe,
compliant, and regulated environment. BIGG invests in products and
companies to support this vision. BIGG owns two operating
companies: Blockchain Intelligence Group (blockchaingroup.io) and
Netcoins (netcoins.ca).
Blockchain Intelligence Group (BIG) has
developed a Blockchain-agnostic search and analytics engine,
QLUETM, enabling Law Enforcement, RegTech, Regulators and
Government Agencies to visually track, trace and monitor
cryptocurrency transactions at a forensic level. Our commercial
product, BitRank Verified®, offers a “risk score” for
cryptocurrencies, enabling RegTech, banks, ATMs, exchanges, and
retailers to meet traditional regulatory/compliance
requirements.
Netcoins develops brokerage and exchange
software to make the purchase and sale of cryptocurrency easily
accessible to the mass consumer and investor with a focus on
compliance and safety. Netcoins utilizes BitRank Verified® software
at the heart of its platform and enables crypto transactions via
retail locations globally, a self-serve crypto brokerage portal and
an Over-The-Counter (OTC) trading desk.
About Blockchain Foundry Inc. Headquartered in
Toronto, Canada, Blockchain Foundry (CSE:BCFN) (FWB:8BF)
(OTC:BLFDF) is a global blockchain consulting and development firm.
BCF develops and commercializes decentralized ledger technology,
custom blockchain solutions and smart contracts for enterprise
clients.
BIGG Investor RelationsAnthony
Zelenanthony@blockchaingroup.io +1.778.819.8705
For more information and to register to BIGG’s
mailing list, please visit our website at
https://www.biggdigitalassets.com. Or visit SEDAR at
www.sedar.com.
Forward-Looking Statements: Certain statements
in this release are forward-looking statements, which include the
completion of the search technology software and other matters.
Forward-looking statements consist of statements that are not
purely historical, including any statements regarding beliefs,
plans, expectations or intentions regarding the future. Such
information can generally be identified by the use of
forwarding-looking wording such as “may”, “expect”, “estimate”,
“anticipate”, “intend”, “believe” and “continue” or the negative
thereof or similar variations. Readers are cautioned not to place
undue reliance on forward-looking statements, as there can be no
assurance that the plans, intentions or expectations upon which
they are based will occur. By their nature, forward-looking
statements involve numerous assumptions, known and unknown risks
and uncertainties, both general and specific that contribute to the
possibility that the predictions, estimates, forecasts, projections
and other forward-looking statements will not occur. These
assumptions, risks and uncertainties include, among other things,
the state of the economy in general and capital markets in
particular, and other factors, many of which are beyond the control
of BIGG. Forward-looking statements contained in this press release
are expressly qualified by this cautionary statement. Undue
reliance should not be placed on the forward-looking information
because BIGG can give no assurance that they will prove to be
correct. Important factors that could cause actual results to
differ materially from BIGG’s expectations include, consumer
sentiment towards BIGG’s products and Blockchain technology
generally, technology failures, competition, and failure of
counterparties to perform their contractual obligations.
The forward-looking statements contained in this
press release are made as of the date of this press release. Except
as required by law, BIGG disclaims any intention and assumes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
Additionally, BIGG undertakes no obligation to comment on the
expectations of, or statements made by, third parties in respect of
the matters discussed above.
The CSE does not accept responsibility
for the adequacy or accuracy of the content of this Press
Release.
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