DAG Global has made significant strides in its bid to bridge the gap between traditional and cryptocurrency banking. As a result, the group has inked a collaboration with Populous World. Under the terms of the agreement, Populous World is to help DAG Global offer traditional banking and digital asset custody services.
DAG Global – First Digital Bank
Consequently, DAG Global should be on its way to becoming the world’s first fully integrated digital asset focused bank. DAG Global and Populous World intend to bridge the gap between the regulated financial sector and the burgeoning virtual currency sector.
Likewise, Populous World will act as the exclusive provider of trade and invoice financing for DAG Global. Consequently, clients from both parties should be able to access financial solutions in a broader spectrum.
Populous World seeks to reduce friction between market participants and legacy systems by providing invoice discounting. A partnership between the two should see the UK financial services sphere receive disruptive changes in the future.
DAG Global has already set sights on the UK where demand for cryptocurrency banking services is on the rise. The group intends to serve both the traditional banking and cryptocurrency SMEs, fintech, as well as digital asset companies.
“We are already in dialogue with the UK regulator to become licensed in the UK. Populous World is one of the great success stories of UK financial innovation, coming from an idea formed in 2016 to being ranked one of the top crypto firms by valuation globally,” said Sean Kiernan, CEO of DAG.
Digital Assets Banking Services
DAG Global comes with an experienced team with over one hundred years’ worth of experience in the regulated banking sector. The team also boasts of vast knowledge on the matters of digital assets and cryptocurrencies.
Populous World, and its native token, Populous (PPT), are also set to benefit from the collaboration. The firm should be able to implement its strengths and technology in partnership with the experienced team at DAG Global. The acquisition of stakes in DAG should also allow the firm to play a pivotal role in the UK’s digital asset banking landscape.
Providing banking services for digital assets remains the biggest headwind that has continued to stifle growth. High net worth investors have shied away from investing in digital assets on the lack of such services.
Populous World and DAG Global coming together to create the world’s first fully integrated digital bank should work to their advantage. The two remain well positioned to accrue a substantial amount of market share as the sector expands and evolves.
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