On August 29, GSB held a grand Opening and Launching Ceremony in Hong Kong and released the joint index points for the first time, which represented the official launch and operation of the world's first Satellite Digital Bank. The “New Token Finance” initiated by him will reshape the world’s traditional financial structure and innovate the exchange, loan and storage ecology of global digital assets.
Based on blockchain and Global Satellite Communication System, GSB has constructed the world's first digital banking service system with distributed accounting, which leads the satellite digital finance with the mode of unmanned office, paperless office, and wireless office. Taking the mutual flowing, remittance and exchange of digital assets as the starting point, GSB has established a universal digital asset system and provided the globalized digital asset storage, exchange, loan and financial derivative services by combining with the value system of legal currency.
Olutoyin Oduwole, the core member of the technical team and CTO of Sun Group, believed that the core part of GSB is that taking the joint index points as the circulation value base, the exchange rate system is adopted to establish the globalized exchange, loan and storage ecology of digital assets, realize the bank-based management of digital assets, improve the liquidity of digital assets, and meet the needs of digital assets’ investment and circulation.
It is reported that in the early stage, GSB gradually enlarged the ecology, established public blockchain, expanded the global digital assets’ storage, exchange and loan businesses to make a modest contribution to the financial innovation of global digital assets by focus on developing the technology of Ethereum ERC20 token and combining with big data and artificial intelligence. Currently, the project can support the exchange and loan of global digital assets such as US Dollar, Japanese Yen, Korean Won, Euro, Rouble and other legal tenders. The project will gradually expand the global nodes and realize the innovative development of digital assets through node ecology.