OK Group invests in prospective bank on the Blockchain Island of Malta

In Beijing, China on the 17th December, 2018 OK Blockchain Capital Limited became anchor investor in RnF Finance Limited.  OK Blockchain Capital Limited, OK Group’s investment arm, announced that it is the anchor investor in RnF Finance Limited.  RnF Finance Limited is a Maltese based company applying for authorisation with the Malta Financial Services Authority (MFSA) to act as a credit institution.

Read the article about the power of Linkedin for blockchain

A new bank for blockchain clients

Roderick Psaila, The CEO and founder of RnF, has started a number of banks in Malta over the past ten years and has also been banking for 28 years.  Mr. Psaila, said that RnF Finance  was committed to providing a premium banking service to established corporations and private clients by leveraging cutting edge technology.  He was also the CEO of AgriBank until recently.  AgriBank is a Malta licensed credit institution.  Mr. Psaila said that RnF was delighted to have OK Group which is a world leader in Blockchain technology, as its trusted partner.

Founding Partner of OK Blockchain Capital Limited,  Ms. Tian Ying, remarked, “We are delighted to partner with Roderick and his team of bankers in this exciting project in Malta, and are excited to be involved in this new banking venture on Blockchain Island.”

OK Group invests in bank on the Blockchain

Chief Risk Officer & Head of Government Relations of OK Group, Mr. Tim Byun, remarked, “Malta has been a first mover to comprehensively regulate the blockchain industry, and we are excited to be involved in this new banking venture with RnF Finance Limited. Malta’s sound regulatory framework and support for new industries will cultivate many more opportunities on Blockchain Island.”

RnF is all set to start banking operations by mid next year, subject to regulatory approval. RNF Technologies is one of the top Los Angeles based mobile app and web development company with additional offices in Houston and India.  The group was started in November 2009.  Their goal from the beginning was to design, develop, ideate and to deliver solutions that are specific to the needs of the clients.

They believe in themselves, their product and their company and services and this has enabled them to continue growing over the years.  Their work is a true reflection of what they do and how they strive to help their clients succeed.  They are also an ISO 9001:2008 certified company that focuses on exceeding expectations by delivering innovative solutions to clients across the globe.

 

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This post is also available in: Italian

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