Forex Development Corporation (FDC) has officially changed its name to FDCTech Inc. as a way to express their extensive commitment to the Fintech industry, the company announced on Monday.
FDCTech has not refrained from adjusting its agenda to reflect the growing global demand for cryptocurrencies, and blockchain technologies.
Over the years, the New York-based company has been recognized across the industry as a provider of technology packages that equip companies to operate as prime brokers.
The financial industry, as well as many technology developers, have acknowledged the vast possibilities available through blockchain technology, as well as the potential to improve many of the more outdated forms of technological capabilities. As a result, the world is in the midst of a transition, which is working to incorporate the new innovations associated with blockchain technologies.
“Our new name – FDCTech – allows us to highlight our wide-ranging business goals to expand our suite of services in the cryptocurrency for FX brokers and other market participants looking to capitalize on the adoption and acceptance of digital currency,” Mitchell M. Eaglstein, CEO of FDCTech, said regarding the company’s decision to change its name.
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In November of last year, FDCTech received the attention of Krypton Capital, when the latter invested in the former, justifying the decisions on FDC’s proven track record of developing an innovative trading platform, inclusive of risk management solutions.
As part of its efforts to offer a plethora of options for existing and prospective clients, FDC also incorporated the Metatrader 4 platform, along with their own developed platform.
In 2016, FDCTech had its FX technology recognized and certified by Financial Commission, further validating the company and its products across the financial sector.
As the global financial spectrum appears to be shifting toward some level of crypto and blockchain adoption, FDCTech has made sure to remain ahead of the technological curb, and has consequently modified its branding, to illustrate the company’s commitment and determination to develop blockchain-related technologies.