Gold-i, a fintech company which develops technology solutions for brokers, announced on Friday that it has formed a partnership with World Mark Consultants (WMC). WMC is a reseller of technology solutions for brokers in Asia and will help Gold-i accelerate its growth in Japan.
The collaboration aims to build on the interest Gold-i has attracted in Japan for its Crypto Switch, a platform that allows brokers to trade from crypto exchanges and liquidity providers directly.
As part of the agreement, WMC will help Gold-i with client acquisition and provide product support in Japanese. WMC will also resell the tech providers retail FX technology products. This will include its Visual Edge, a risk management and business intelligence tool and MAM Pro, a post-trade allocation tool.
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Can Crypto Switch dominate the Japanese market?
Commenting on the partnership Tom Higgins, CEO of Gold-i, said: “our Crypto Switch has opened up substantial opportunities for us in Japan, particularly from some of the largest financial institutions in the region. We have a real opportunity to dominate the Japanese market and therefore needed a premier partner to help us to maximize the market potential.
“I am very confident that the team at WMC can provide the highest levels of local language support to our Japanese clients and can also help us with further new business activity. They have an in-depth understanding of the local market and excellent contacts amongst Japanese banks and brokers. They are ideally placed to help us to seize the market opportunity.”
Adding to this, Kenichi Kashiwada, CEO, WMC commented: “We are excited to partner with Gold-i as we believe their technology is far superior to competitor products. We have a proven track record in working in this industry for the last six years. With products such as the Crypto Switch, Visual Edge and MAM Pro, we believe there is a major opportunity for Gold-i in Japan.”