KUALA LUMPUR: Frac Sdn Bhd (FSB), a web3.0 infrastructure framework integrator, signed a memorandum of understanding (MoU) with Gambit Group Sdn Bhd (GGSB), a leading player in the digital asset and cryptocurrency industry known for its secure custody solutions.
This strategic collaboration aims to revolutionise asset management through innovative fractionalisation and secure custody solutions.
FSB leverages the power of web 3.0 technology to create smaller, tradable units of ownership, unlocking capital and offering new growth and diversification opportunities for asset owners and investors.
In emphasising the impact of this innovation, FSB Chief Executive Officer Japhet Lim Wei Jie said the company’s web3 technology transforms traditional asset management by providing unprecedented liquidity, investment flexibility, capital unlocking, and broadened investment opportunities.
“This partnership with GGSB is a significant step towards realising the full potential of asset fractionalisation,” he said in a statement.
GGSB, a trusted partner in the digital asset ecosystem, brings its extensive expertise in providing secure and reliable custody solutions for digital assets.
Known for its robust infrastructure and commitment to security, GGSB ensures that fractionalised assets created through FSB’s platform are safeguarded with the highest protection standards.
GGSB Chief Executive Officer Datuk Clifford Hii Toh Leng said security and reliability are paramount as the digital asset landscape evolves.
“Our collaboration with FSB ensures that fractionalised assets are innovative and secure, offering peace of mind to asset owners and investors,” he said.
This partnership marks a significant milestone in bridging traditional web2 business environments with web3 innovations.
The collaboration aims to create a seamless and secure process for managing fractionalised assets.
This synergy enhances the trust and reliability of the fractional ownership market and fosters a more efficient and secure asset management ecosystem.
The MoU outlines several key areas of cooperation.
GGSB will provide custody solutions for fractionalised assets created through FSB’s platform, enhancing market trust.
Joint marketing initiatives will be explored to promote asset fractionalisation and secure custody solutions to a broader audience.
The partnership also aims to launch educational programs to raise awareness about the benefits of asset fractionalisation and digital asset custody, targeting investors, asset managers, and other stakeholders in the financial industry.
Another salient term of the MoU is the commitment to exploring joint market expansion strategies.
This includes identifying new geographic and sectoral markets where the combined strengths of FSB’s fractionalisation technology and GGSB’s custody solutions can be leveraged to meet emerging demand.
