The Authority of the Freeport Area of Bataan (AFAB) expects the influx of new registrants in block chain and financial technology (fintech) following the registration of a company that will provide the global trading exchange (GlobalTradeX) platform.
In a statement, AFAB said it has approved the registration as in the Freeport Area of Bataan of Wave Advanced Research Group Inc. (iWAR).
iWAR will ease access and will enable trade in international financial markets by offshore investors and traders.
Probity check and evaluation will be conducted by Grand Innovasia Concept Corp.GICC) and its partner, Impero Consortium Management Corp. tapped by AFAB as its marketing arm and internal auditor for companies interested in acquiring offshore blockchain financial technology services (OBFTS) licenses from the AFAB.
AFAB in 2019 allowed the registration of offshore fintech companies utilizing blockchain or other emerging technologies.