This week, we have a few big announcements to share about our work with the XDB Foundation and DigitalBits.
Earlier this week our trading desk Secure Digital Markets announced that they would be providing digital asset liquidity to the new crypto exchange BlockQuake. As a regulatory-driven exchange, we are particularly excited to begin working with them as we believe firms like BlockQuake will be ushering in a new wave of digital asset participants which include traders, investors, and speculators from the traditional finance and banking industry.
The DigitalBits (XBD) project, has started a non-profit organization; The XDB Foundation‘. The organization will be dedicated to advancing the XBD ecosystem through key initiatives such as the DigitalBits Ecosystem Support Program. The program’s mission is to provide both financial and non-financial assistance to qualified entities and projects within the DigitalBits community, with a goal towards innovation and accelerating ecosystem growth.
GDA Capital’s Co-Founder Michael Gord has been appointed Managing Director for the XBD Foundation. In this capacity, Mr. Gord will be overseeing the organization’s strategic direction and deciding which projects, technology and initiatives will help achieve the aforementioned goals of innovation and growth within the XBD ecosystem.
Mr. Gord commented on his role by saying “I’m excited to see the XDB Foundation contribute as the new project lead supporting education, research and development, and ecosystem growth and adoption.”
We love to see founders helping founders and we believe that it is the best way to bring digital assets into the mainstream. In the coming weeks, we are excited to share more news and updates surrounding the XBD Foundation.
This initiative will give new projects the technical and financial tools they need to develop their tech and grow their business. We are excited to see what new projects and technologies will come out of the XBD Foundation.
Disclaimer: This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. The XDB token and virtual currencies, in general, are not legal tender, in any country, and are not backed by any government as legal tender, nor should they be treated as such.