Formosa Financial aims to solve 3 main current market needs: Crypto security, Treasury management, and Payment services. Crypto security will offer full brokerage custody with hot and cold wallets, as well as multi-signature wallets for utmost security. Treasury management will offer P2P lending as well as bank-issued credit lines based on crypto assets acting as collateral for fiat credits. Payment services such as digital fiat and international wire payments will offer a universal cross chain solution whilst connecting with a mature banking layer.
Distributed ledger technologies such as blockchain hold the potential to create an open, globally accessible, and transparent financial ecosystem. Massive efficiencies and innovations can be unleashed by migrating transactions from a centralized hub-and-spoke model controlled by third-party intermediaries to a peer-to-peer system. While many financial institutions and tech companies are working diligently to establish this new architecture, major problems regarding scalability, ease of use, and access to these new systems remain.
While multiple projects pursue decentralized solutions to the pressing issues surrounding volatility, liquidity, and speed, the rate of adoption within the broader financial world will continue to significantly lag behind the pace of innovation. The reality is that we need a middle ground between the full-scale decentralization envisioned by early bitcoiners and the tightly controlled networks managed by financial institutions and their regulators. By offering a suite of traditional financial services that are integrated with blockchain-powered applications we can construct a banking platform that serves the needs of forward-looking businesses that still need to operate within the confines of legacy systems.
|“||Q1 2018: Start FF Platform Development.
Q2 2018: Global Road shows average 1 PER 2 weeks. Apply to Taiwan fintech sandbox. Open From Private sale. Complete V1 platform development. Complete from private sale.
Q3 2018: Global road shows of aaverage 1 PER 2 weeks.Beta test platform V1 with limited feature and partner support.receive admision to Taiwan fintech sandbox. begin phase 2 platform feature development.
Q4 2018: Global road shows of average 1 PER 2 weeks.Launch XDRC reserve ASSET. Complete Phase 2 platform features.
Q1 2019: Global road shows of aaverage 1 PER month. Full feature support for all customer Types.
Q2 2019: Global road shows of average 1 PER month. Pursue partnerships and secure full banking license.
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