31 March, 2018: Leading Japanese content distribution platform MTI Ltd. today announces a strategic investment into Diginex, a Hong Kong based best-in-class full services provider for Distributed Ledger Technologies (DLT)
MTI has invested US$3 million into Diginex, which will expand its footprint with new high-performance computing facilities across Asia and Western Europe and to increase the company’s software development capabilities for large scale “turn-key” projects.
DLT technologies, most notably blockchain, came to prominence in 2017, but is best known as the technological backbone behind Bitcoin. However, DLT networks offer much greater potential than just a store of value, as the world’s first cryptocurrency has become. Blockchain (or DLT) offers an alternative decentralized model that allows data to be stored across a distributed network rather than in a single, central server. This makes data storage more secure and harder to manipulate via hacks or other online attacks. Companies such as Microsoft, Walmart and financial institutions worldwide are experimenting with DLT solutions to solve a whole host of challenges.
Toshihiro Maeta, CEO at MTI, said: “We are excited to be part of Diginex’s next phase of development. Both companies share common values of creating solutions that have users’ needs at their core. DLT offers many exciting applications including revolutionizing how content is stored, distributed and paid for. We believe that Diginex is at the forefront of this revolution and offers many synergies with MTI’s offering in Japan and further afield.”
Miles Pelham, Chairman at Diginex, said: “We are delighted to partner with MTI and look forward to exchanging knowledge and expertise. MTI has long been at the forefront of mobile technology in Japan and will offer us wealth of insight into the sector as we continue with our ambitious growth plans.”
Heather Dale, Global Head of PR & Communications
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Capitalizing on its track record and know-how, MTI is a leader in content distribution to mobile platforms across Japan. MTI provides a range of services through mobile sites and apps that make user’s life more fun and convenient, covering healthcare, fintech, music, e-books, lifestyle-related information, entertainment and more.
Diginex develops and implements blockchain technologies to transform businesses and enrich society. At the core of Diginex is our people. We are a blend of financial service professionals, passionate blockchain technologists and experienced project managers. We work with corporates, institutions & governments to create solutions that build trust and increase efficiency.