HGC (BVI) Info Tech Co. Ltd.(“HGC”), the owner of Trucpal, also a blockchain-based SaaS platform serving the Chinese freight market, today announced a partnership with INX Limited (“INX”), the owner of blockchain-based trading platforms for digital securities and cryptocurrencies, to offer the Trucpal digital security token on July 25th. With a fundraising goal of $20 million.
HGC is a leading digital SaaS service provider serving the Chinese freight market. HGC maintains its strengths and position through continuous business innovation and an open system. With an annual output value of $1.5 trillion in 2020 and annual transportation volume of 52.1 billion tons in 2021 in the Chinese freight market, HGC believes that China is the world’s most promising digital freight market.*
Recognising the rapid growth and benefits of blockchain technology and security tokens, HGC has worked closely with blockchain experts and advisors to launch its own security token for Trucpal’s ecosystem. After a preparatory phase, including designing the token’s economic model, and in-depth compliance audit and technology development. HGC now is ready to offer and list the Trucpal security token using the INX platform.
This collaboration between HGC and INX will bring the first Security Token to the Chinese freight market, potentially allowing millions of Trucpal users to turn their contributions into financial rewards through the Trucpal digital security token in compliance with U.S. Securities laws and regulations. It is also a very positive contribution to the development of the HGC freight ecosystem. It will foster collaboration amongst each other; and encourage both INX and HGC to explore the future of digital securities together.
Wendong Zhang, Founder of HGC: “lNX is the leader in issuance and trading services for US compliant digital securities. The cooperation with lNX will greatly help HGC to successfully issue the Trucpal token in compliance with…
