Binance and Royal Group enter into a joint venture
Binance and Royal Group have formed a joint venture to advance the blockchain industry in Cambodia. The companies hope to position Cambodia at the forefront of technological innovation in the region. At every stage of the process, Binance and Royal Group hope to strengthen their already-strong partnership. The ultimate aim is to expand financial inclusion in Cambodia.
After signing an MoU earlier this year, Binance and Royal Group have now officially formed a joint venture. Under the terms of the MoU, both parties agreed to examine the launch of initiatives in Web3 and blockchain.
The activities outlined in the MoU included raising public awareness of blockchain & Web3, lowering the barrier to providing everyone with access to knowledge on blockchain & digital assets, and organizing educational programs that would deliver such information.
The Head of Binance APAC, Leon Foong, discussed the collaborative venture. Leon, speaking on behalf of the platform, showed his enthusiasm by stating that the collaborative venture will allow people to effortlessly enjoy the experience while learning about blockchain. Leon stated that customers will be able to explore Royal Group in order to go on their Web3 journey.
In the years ahead, the benefits of the joint venture will continue to grow. Both parties have pledged to participate collaboratively to strengthen the economy, consequently promoting financial inclusion in Cambodia. The joint venture is also anticipated to increase the use of Web3-related services and products.
The Chairman and Chief Executive Officer of Royal Group, Neak Ohkna Kith Meng, emphasized that the company desires for Cambodia and its people to be at the forefront of the change that will result from the implementation of Web3 and blockchain technology. Neak Ohkna Kith Meng has described the joint venture as “exciting,” and he plans to use it to accelerate economic development in the area.
All businesses are leapfrogging to the Web3 ecosystem, which is a really exciting time. The next ten years will be crucial, particularly in Cambodia, for establishing a path toward economic success through global commerce, Neak added.
Binance feels that these relationships are essential for the development of blockchain technology as a whole. Binance, founded in 2017, has established a reputation as the world’s premier blockchain ecosystem. Binance is also recognized as one of the most reputable providers of bitcoin infrastructure.
Binance’s offerings include education, trading & finance, investment, data & research, and incubation, to name a few. The company’s objective is to enhance financial independence around the world. Through our Binance review, it is possible to learn more about the platform’s offerings, as well as its unique features.
Royal Group has been around since 1991, giving it a leg up on Binance in terms of experience. Royal Group is a strategic investment company in Cambodia that focuses on delivering high-quality investments.
The joint venture is new, and it has to be seen what will result from it.