ATMChain Foundation, a foundation sponsored by Jiangsu Huaxin Blockchain Research Institute of China (JBI), has acquired 7.5 million shares of RFintech for a total consideration of EUR 15 million. RFintech and ATMChain will collaborate in the development of the next generation distributed ledger technology, starting with ATMChain’s ‘blockchain+media’ platform.
ATMChain is a transaction system that combines blockchain network with digital media distribution. It created its strategy of ‘blockchain+media’ to explore the economic value of people’s attention in a profound manner and turn media assets into the digital form. As a result of this new partnership, RFintech will become part of the team to build the ATMChain global ecosystem and help the company complete its strategic presence in the blockchain ecosystem in Asia.