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Cryptocurrency company Zichain attracted investments from Chinese funds



Provider of digital asset infrastructure solutions Zichain attracted investments from the funds of the Bitblock Group and Fiat Capital. This was reported to BlockchainJournal by company representatives.

As part of a strategic partnership, Zichain intends to expand its presence in the Chinese market.

Bitblock Venture Fund specializes mainly in investments in financial start-ups, as well as in the development of artificial intelligence. Fiat Capital mainly invests in fintech startups.

Switzerland-based Zichain is currently working on a range of cryptocurrency products and analytical tools. These developments, representatives of a startup are confident, will boost investment in digital currencies.

The company also plans to launch an innovative cryptocurrency trading platform in December of this year, which, using a set of algorithms for smart order routing and advanced execution algorithms, allows you to make deals at a favorable rate regardless of the size of the transaction.

Earlier, BlockchainJournal reported that according to analysts at Morgan Stanley, institutional investors had increased confidence in the prospects for cryptocurrencies.

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