Right after its successful public sale, Acudeen Technologies announces its partnership with First Growth Funds from Australia to accelerate the growth of Acudeen’s AssetChain Ecosystem.
As per the agreement, First Growth Funds will assist with the facilitation, distribution, and development of ACU Tokens, while ensuring that the system being developed is in line with the Philippine-based company’s vision of developing a decentralized ecosystem for movable assets.
Acudeen provides assistance to enterprise owners by allowing them to liquefy their receivables at a faster rate through the Acudeen platform. Growth in buyers and sellers within the platform will make financing more accessible to anyone within the platform.
To date, the Acudeen platform has facilitated over $6,000,000 worth of transactions in the Philippines. While the company has already expanded in Myanmar and Singapore, it is currently in negotiations to expand to more countries in Asia.
The partnership announcement between Acudeen and First Growth Funds came on the heels of a successful public token sale for Acudeen. The company plans to do a marketing push via roadshows around the world to raise awareness on the platform, secure more partnerships, and hire new developers.
Acudeen also ensures that it is going to apply to major cryptocurrency exchanges in the future. According to CEO Magellan Fetalino III, the ACU tokens will first be listed on mid-tier exchange before it will be listed to the high volume ones.
First Growth Funds is an investment company that has invested in numerous blockchain companies and initial coin offerings. Among them are Global Guard, Crypto Data Vault, and Bankorus.