INGOT Group is rolling out INGOT Coin, a blockchain ecosystem intended to bridge the gap between traditional finance and cryptocurrency markets. Six linked components form the system: an IC Wallet, IC
INGOT Group is rolling out INGOT Coin, a blockchain ecosystem intended to bridge the gap between traditional finance and cryptocurrency markets. Six linked components form the system: an IC Wallet, IC Exchange, IC Brokerage, IC Digital Bank, IC Certifier, and IC ICO Accelerator.
The company claims the integrated platform will boost customer confidence and market liquidity while cutting costs and reducing settlement times. The system operates around the clock, providing nonstop access to both markets. Clients can trade between crypto and traditional assets without the delays that separate systems impose.
Iman Mutlaq, INGOT Group's director and founder of INGOT Coin, described the vision: "INGOT Coin will create a complete solution by integrating 6 core ecosystem components and providing a one-stop-shop for the digital asset, traditional asset and currency markets."
The IC Wallet uses multi-signature and cold storage technology. The IC Brokerage handles traditional financial instruments. The IC Bank manages settlements and fund access. By linking these components, INGOT Group says traders can move capital between markets without the intermediaries that slow down transactions and raise costs.
"The IC Ecosystem will transform trades, settlements and payments and make them instant, bringing together different necessary components and cutting out third party intermediaries who usually delay the process and increase associated costs," Ahmed Khawanky, INGOT Coin's CMO, said.
INGOT Group operates across multiple industries and began business in 1993. The organization has established partnerships across the region and around the world. The company added seven advisors to the project: Warren Whitlock (PR and marketing), Navin Kapoor (blockchain and ICO strategy), Pranav Bhatia (blockchain research and development), George Mentz (ICO legal matters), Sydney Ifergan (ICO marketing), John Van Der Voss (ICO advisory), Bogdan Fiedur (ICO technology), and Victor Chow (ICO business).
The group runs multiple companies across different sectors. INGOT Group says this breadth of experience in traditional markets gives it the foundation to connect those sectors with blockchain technology.
