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OneConnect Financial Technology Looks to Make Blockchain Play with U.S. IPO

Friday, Nov 15 2019
Blockchain
Written by  FinTech News Brief Staff
OneConnect Financial Technology Looks to Make Blockchain Play with U.S. IPO

OneConnect Financial Technology, the fintech arm of China’s Ping An Insurance, took steps toward a U.S. initial public offering. So reports Coindesk.

Ping An, which is backed by SoftBank, is the nation’s largest insurance company. The company is hoping to raise at least $100 million and will be listed on NASDAQ. Ping An is responsible for the second-most Chinese blockchain patents with 274 filed through the first half of this year and has pledged 1% of its revenue toward blockchain development to that end.

Read the full article from Coindesk.

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