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|18 December, 2018

Korea's Locus Chain to open digital asset exchange in Dubai

Most innovative digital asset exchange ‘Locus DAX’ in Dubai.

Most innovative digital asset exchange ‘Locus DAX’ launched in Dubai.

Most innovative digital asset exchange ‘Locus DAX’ launched in Dubai.

Getty Images/ Sawitree Pamee / EyeEm

DUBAI- Locus Chain, the next generation blockchain technology and digital currency platform developed by Korean group Bloom Technology, has announced plan to establish the most innovative digital asset exchange ‘Locus DAX’ in Dubai.

Bloom technology South Korea, the parent company of Locus Chain Foundation is a well reputed IT Company with technical offices in South Korea, Japan, UAE and Mauritius.

Sheikha Moaza Obaid Suhail Al Maktoum, the co-founder of the newly-establishing Digital Asset Exchange and Sang Yoon Lee, CEO of Locus Chain Foundation jointly announced the name of the new Digital Asset Exchange ‘Locus DAX’ (Locus Digital Asset Exchange), during the signing ceremony.

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"We strongly believe that our exchange can bring in several foreign investments into the UAE economy, especially Dubai which has been a fascinating business hub for the entire world," stated Sheikha Moaza, who has been a senior advisor of Locus Chain Foundation, Singapore since its inception.

© Copyright Emirates News Agency (WAM) 2018.

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