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On August 24th, 2022, SotaTek signed a non-binding memorandum of understanding (MOU) with Labuan-based HWG Digital Investment Bank, one of Malaysia's top Digital fintech investment banks.

There were 2 representatives included in the signing ceremony:

  • Mr. Andy Nguyen - SotaTek’s CTO & Co-founder
  • Mr. Richard Ling - Representative of HWG Digital Investment Bank

As Malaysia’s international business and financial center, Labuan IBFC currently houses and supports more than 880 licensed institutions and more than 17,000 companies in the financial area. 

Being recognized as Blockchain and Software Development Firm that owns the largest blockchain developer, SotaTek is committed to offering HWGDIB full-stack blockchain development to strengthen their decentralized investment and home ownership.  

In the statement, the BOD of HWGDIB was very impressed with SotaTek's competence and ability in blockchain technology. Besides, Mr. Ling believed that SotaTek will be the trusted technology partner, assisting them to revolutionize services including tokenomics consulting services, digital asset custodian services, digital asset loans, and digital technology fund. 

“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,” the digital fintech firm pointed out in a statement.

The signing ceremony was reported by HWG on: https://www.nst.com.my/business/2022/08/825288/hwg-digital-investment-inks-mou-sotatek-vietnam-explore-blockchain 

https://focusmalaysia.my/hwg-digital-seals-partnership-with-southeast-asias-largest-blockchain-developer/

https://www.lafinancialtimes.com/hwg-digital-investment-bank-hwgdib-signs-collaboration-mou-with-sea-largest-blockchain-developer-sotatek/

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