BIGG Digital Assets Inc (OTCMKTS:BBKCF) (CVE:BIGG) is rebounding a bit on Wednesday after losing 23% in the past week
Market Action
As of 10:47, BBKCF stock jumped 1 cents or 0.78 % to $1.295 with more than 598K shares, compared to its average volume of 4.87 million shares. The stock has moved within a range of $1.2400 – 1.3300 after opening the trade at $1.31.
Major Trigger:
BIGG Digital Assets Inc. subsidiary Blockchain Intelligence Group Secures $133k Contract with Blockchain Foundry Inc. for Adoption of Syscoin-Based Assets
Key Highlights:
- announced a partnership with Blockchain Foundry Inc. (blockchainfoundry.com) (“BCF”) (CSE:BCFN) to provide an unparalleled regulatory compliance solution for stablecoin creators. BCF’s senior technical team developed the Syscoin protocol and BCF has built substantial proprietary technology which leverages the Syscoin blockchain.
- BIG and Blockchain Foundry will launch a combined product offering to create scale, transparency, and security for stablecoins. BitRank Verified® and QLUE™ will be integrated within the Blockchain Foundry’s on-chain compliance solution and wallet to wallet transaction monitoring capabilities. The combined capabilities produce real-time risk mitigation and more to entities operating stablecoins.
- Security tokens require rule sets and additional checks, and the combined offering will bring trust and compliance to the blockchain, making it accessible for broad adoption. Furthermore, as stablecoins are centrally issued, and regulation stipulates regular checks, entities can now track exchanges on a transactional level with this new joint solution.
