Asia Digital Bank to enter digital finance industry

AsiaDB said its digital financing products will incorporate centralised financing services and decentralised financing protocol clusters, combining multiple modules to create a comprehensive digital financing infrastructure.

KUALA LUMPUR: The Labuan Financial Services Authority (Labuan FSA) has officially approved and issued the Digital Banking Finance Licence to Asia Digital Bank (AsiaDB) to help shape the new structure of digital finance innovation and economic development in the post-pandemic era.

Being the first recipient of the Digital Banking (Investment Bank) licence issued by Labuan FSA, AsiaDB said it will now strive to establish its digital presence in Malaysia while looking outwards to ASEAN countries as well as global economies.