Canada

Shenzhen Puyin Blockchain working with our firm on a digital asset fund

NEWS RELEASE  | 

Shenzhen Puyin Block Chain Co., Ltd. (PBG) and its affiliate Guiyang Blockchain Financial Co., Ltd  (GBF) has engaged the firm to structure a digital asset fund, focused on the market opportunity and commercial applications of blockchain technology. The fund will delve into the enormous potential of digitized assets that utilize blockchain encryption to distribute the asset’s value through the internet.

In May 2017, a digital token with an underlying real estate asset, an RET, was launched through GBF’s technology platform, ACCHAIN, and has since piqued the curiosity of the markets across the globe. The current RET offering, Sendera Ranch, is a $655-million residential development project of Serene Country Homes in one of the hottest housing markets in the U.S., Dallas-Fort Worth. Once formed, the digital asset fund will invest and trade in assets such as the RET to provide qualified investors with enhanced diversification and greater security. Investors of the fund will also have access to relevant and transactional data as all information is recorded through blockchain. 

Our firm, on behalf of PBG and GBF, is exploring this opportunity with various fund managers, institutional capital managers and investment firms. The creation of such fund further underscores the growing impact of blockchain technology in the financial services industry. Blockchain, first conceptualized in 2008, has been at the centre of conversation in the industry with several observers anticipating the technology to reshape the finance industry in the next few years, drawing parallels to the way internet has changed the media industry. The growing number of commercial applications such as digital assets and hybrid funds would certainly increase the acceptance of the technology and widen its appeal.

About PBG and GBF

PBG represents one of the first China-based blockchain promoting agencies combining standard economic systems with the blockchain technology, and also establishing standards to create, market and trade digitally-backed assets, also known as Tokens and other digital cryptocurrencies currencies.

Assets Collection Chain (ACCHAIN) is an open global community and a decentralized asset digitization platform and tool created by GBF, an affiliate of PBG, in order to further develop their blockchain technology and ecosystem development.

* At the time of this news release, RSM Canada was a member of a predecessor firm.

Contact for Media Only:

Charles Muggeridge
416-720-4741
Charles.muggeridge@fleishman.ca


Connect with RSM Canada

 LinkedIn

 Facebook

 Twitter


Latest News

New report explores economic challenges facing next federal government

  • October 15, 2019

RSM Canada announces partner promotions

  • October 02, 2019

RSM Canada expands consulting practice in Alberta with new partner

  • October 01, 2019

RSM partner appointed to IFIC's Accounting Advisory working group

  • September 12, 2019

RSM Canada expands leadership in key Canadian industries

  • September 10, 2019

RSM welcomes Virtus Group LLP to RSM Canada Alliance

  • September 04, 2019

RSM Canada Kicks Off Birdies Fore Love Campaign During Volunteer Week

  • July 26, 2019

Second quarterly report on economic and industry developments launched

  • July 24, 2019

RSM Canada expands risk advisory practice with new key hire

  • July 22, 2019

RSM's Karen Brault wins Sage's Accountant Partner of the Year Award

  • July 09, 2019

Global growth leader appointed to support foreign direct investors

  • June 27, 2019

RSM expands security privacy and risk practice with two new partners

  • June 07, 2019

David Mamane joins RSM’s Industry Eminence Program as first Canadian member

  • May 22, 2019

RSM welcomes McGovern Hurley LLP to RSM Canada Alliance

  • May 01, 2019

New publication helps middle market anticipate economic trends

  • April 15, 2019

RSM announces two key hires and launches Canada National Tax Office

  • April 04, 2019

RSM provides tax and middle market insight on 2019 Federal Budget

  • March 19, 2019

Businesses hoping for less complexity, more certainty on Budget Day

  • March 06, 2019

RSM Canada joins Shopify Plus to create unique multi-service platform

  • February 28, 2019

RSM Canada strengthens its partner group with key hire

  • February 27, 2019

RSM's Calgary office recognized as one of Alberta's Top Employers

  • February 20, 2019

CPA Canada's NPO Forum appoints RSM's Stephen McCourt as committee chair

  • January 28, 2019

RSM Canada donates $84,000 through Birdies Fore Love

  • January 25, 2019

RSM Canada begins 2019 with strategic partner updates in audit & tax

  • January 21, 2019