Targeting one-third market shareIn 2022, XSpring will move deeper into the digital asset business via its subsidiary XSpring Digital, operator of the Initial Coin Offering (ICO) Portal. To this end, XSpring Digital will work with Coinbase, a US-based leading digital exchange platform and digital asset custodian to create an integrated service system. At the same time, XSpring gives high value to asset management and plans to expand the business, especially in the new area of digital asset fund manager. "XSpring expects to secure a digital asset fund manager’s licence from the SEC in the second quarter of 2022. The licence will also allow XSpring to engage in securities brokerage, securities dealing, and securities underwriting of investment units.

Source: The Nation Bangkok February 09, 2022 10:32 UTC