Binance & Royal Group solidify partnership to introduce Web3 to Cambodia
During the ASEAN Business and Investment Summit 2022, Binance, the world's leading blockchain ecosystem provider, and Royal Group of Companies (Royal Group) entered into a Joint Venture Agreement to solidify its partnership in Cambodia to propel the nation into an era of Web3 solutions --on the back of the MOU which was signed earlier this year -- subject to regulatory approvals. The Agreement signing ceremony today in Cambodian Capital, Phnom Penh, was presided over by H.E. SOU Socheat, Delegate of the Royal Government in charge as Director General of Securities and Exchange Regulator of Cambodia. In the Joint Venture Agreement signed today, both parties have agreed to explore possibilities of creating solutions and platforms based on Web3 applications and use the technological know-how and blockchain platform capability of Binance to help nurture economic growth targeted at specific segments of society. Today, with the help of technology, the world has shrunk into mobile phones users hold in their palms while expanding the horizons for trade, inclusive growth, and an open economy. The Royal Group of Companies and Binance share a common vision of using technology to drive inclusive growth for everybody -- irrespective of their socio-economic status, gender, geography or age -- and are expecting this Joint Venture to lead that change in Cambodia. (Source: Khmer Times)
14th November 2022
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