Malaysia based project Hada Dbank has been busy making strides forward in preparation for the decentralized banking platforms launch. Recent updates for the platform include an update to their HADACoins, with new tokens distributed to all previously holding token holders. The update was made to offer enhanced security and functionality, as well as revised coding to comply with Ethereums’ ERC20 current token standards.

The website is also going through a redesign at the moment, which should bring additional accessibility and security for users.

Partnerships, Licenses, and Future Roadmap

Hada DBank’s latest partner was in September, which saw a new strategic alliance with Secure Coin Broker (SCB), who will be working with Hada DBank as a HADADBank OTC Partner.

SCB is a company specializing with large and small block trades, as well as offering secure custodial services thanks to escrow partners. On top of that, SCB provides turn-key white label software solutions to ICO’s, exchanges, as well as FX operators. Michael Buchbinder, Partner Secure Coin Broker, stated;

“Secure Coin Broker is looking forward to working with Hada DBank and its clients offering them quick and easy ways to acquire or liquidate their digital asset holdings.”

After the announcement with SCB, last month brought forth pleasant updates of its own. Hada DBank management initiated the process of acquiring a Euro Banking License from an EU Country Member. Currently, the project is now in the final stages of picking a consultant who will assist them in obtaining the license.

This process is estimated to 6 months or more, with procedures and documentation from the host country, as well as approval from the European Central Bank. With headquarters setup in Switzerland, registration of the stronghold will be done simultaneously during the application, not the EU Banking licenses.

Expanding Horizons

Furthermore, expansion into Asian markets will be made through a regional base in Indonesia. With 227 million of the 290 million residents living in the area being Muslim, Indonesia presents an ideal market for Hada DBank to make its first footholds in this vital market. Penetration into Middle and North Africa (MENA) are expected to begin in late 2018, or early 2019. Regardless, a regional office in the area will be constructed by the third quarter of next year.

Other projects for the startup include an academic partnership with an international university as well as the drafting of a 24-month expansion plan which includes a future technology hub.

For information about Hada DBank, visit their website.

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