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Professional Diversity Network, Inc. (NASDAQ:IPDN) ("IPDN" or the "Company"), a technology holding company focused on the application of AI technologies and AI-powered solutions, today announced a strategic collaboration with QBSG Limited (previously Koala Crypto Limited), a Malta-based fintech company registered under the laws of Malta. The two companies intend to explore the joint development of a global Real World Asset Exchange (the "RWA Exchange"). The proposed platform is expected to focus on the potential digitalization, valuation, issuance, and trading of real-world assets ("RWA"), offering global investors a conceptual framework of a secure, transparent, and value-backed digital asset trading environment.
QBSG Limited holds a Class 4 Virtual Financial Assets ("VFA") License issued by the Malta Financial Services Authority ("MFSA"), as publicly disclosed on the MFSA register, the highest level of authorization currently available under Malta's digital asset regulatory framework. This license permits QBSG to operate as a regulated digital asset service provider, offering custody, exchange operation, agency and transfer services, and client order execution and forwarding. With this license, QBSG is recognized as a trusted, fully regulated service provider within the global digital finance market.
Through this strategic collaboration, IPDN and QBSG intend to leverage QBSG's regulatory credentials and international compliance experience to jointly assess and design a professional-grade, globally oriented RWA trading ecosystem.
The contemplated RWA Exchange is expected to emphasize the following potential features:
As previously disclosed in the Company's filings with the U.S. Securities and Exchange Commission, IPDN acquired 9% of QBSG's outstanding equity in September 2022 and 6% right of profit participation in December 2024. The two companies have since maintained close collaboration in the RWA sector.
Posted In: IPDN