HWG Digital Signs MOU With Blockchain Developer SotaTek

Both parties will explore the possibility of collaborating in blockchain technology such as non-fungible tokens (NFT), metaverse and digital assets

HWG Digital Signs MOU With Blockchain Developer SotaTek
Front from left: Andy Nguyen (Chief Technology Officer of SotaTek), Richard Ling (HWG Digital Investment Bank)

Labuan, Malaysia – HWG Digital Investment Bank (Malaysia) PLC today entered into a non-binding MoU with SotaTek Viet Nam Technology JSC, a global blockchain and software development firm. The signing of the MoU was witnessed by Datuk Iskandar Mohd. Nuli, Executive Chairman cum CEO of Labuan International Business & Financial Centre.

Under the MoU, both HWG Digital Investment Bank and SotaTek will explore the possibility of collaboration on matters related to blockchain technology such as non-fungible tokens (NFT), metaverse and digital assets, among others. SotaTek currently has the largest blockchain development workforce in Southeast Asia with over 1,000 employees.

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Commenting after witnessing the launch, Datuk Iskandar Mohd Nuli, Executive Chairman cum CEO of Labuan IBFC Inc says, “Labuan IBFC Inc is most honoured to have witnessed the signing of this MoU, which will help SotaTek further expand its offerings within the region. This will enable SotaTek to showcase its expertise in blockchain while allowing for a meaningful contribution towards the growth and dynamism of Labuan’s digital ecosystem.”

SotaTek's Track Record

In a statement, HWG Digital Investment Bank says SotaTek has an impeccable track record and proven technology capabilities that focus on the digital economy.

“We believe they will be a reliable companion and trusted partner to revolutionise our services including Tokenomics Advisory Services, Digital Asset Custodian Services, Digital Asset Loans and Digital Technology Fund.”

SotaTek in a statement says, “HWDIG has outstanding brand and worldwide presence. They provide full-fledged services covering the advisory, digital asset management, payment, trading hedging and private investment sectors. We believe collaborating with HWDIG will allow us to expand our brand recognition, especially in Malaysia.”