Danish cryptocurrency trading and brokerage firm Coinify announced on Tuesday its first collaboration with a corporate partner, the Global Shared Container Platform company, to process conversions of Ethereum and Bitcoin collected in its Blockshipping initial coin offering (ICO).
The partnership follows Coinify’s May 11 announcement that it is providing corporate brokerage services for the two largest cryptocurrencies by market capitalization. This service adds to Coinify’s already impressive list of solutions including individual trading, payment processing services, and Enterprise solutions via the Coinify API. The partnership displays a prime example of cross-industry collaboration within the blockchain space, said Coinify.
“The expansion of our core business and the announcement of our first client send a strong signal that we are ready to cater to the big corporate and investment communities with our professional and flexible brokerage services,” stated Coinify’s Chief Executive Officer and Co-Founder Mark Højgaard. “We carefully evaluate the clients we decide to serve, and, with Blockshipping, we can express confidence in their thorough efforts to meet the necessary regulatory and compliance standards.”
Blockshipping hopes to transform the global container shipping industry by creating the world’s first blockchain based freight shipping container registry, leading to huge cost savings across the industry while also reducing carbon emissions.
The Blockshipping ICO will distribute Container Crypto Coins tokens issued on the Ethereum blockchain and will accept payments in ETH, BTC, EUR, and USD. Following the presale period, the Blockshipping crowdsale opened May 14 and will run through June 14, with the goal of raising USD 24.8 million.
CEO and Co-Founder of Blockshipping Peter Ludvigsen said, “Being the first Nordic shipping ICO, we wanted to work with an established partner for our fund transactions. Our decision to work with Coinify is marked both by their presence as a globally-strong virtual currency broker, as well as being a fellow ally in championing the blockchain industry.”