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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

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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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