ANDEX, a subsidiary of Mongolia’s leading fintech company AND Global Pte. Ltd. signed a Memorandum of Understanding (MOU) with COREX LLC, Mongolia’s first public and private dual blockchain service provider to cooperate on the adaptation of blockchain technology.

Through signing the MOU, the companies intend to collaborate on establishing a national blockchain system that meets international standards, within the new decentralized finance and business integration ecosystem.

This marks the beginning of a high level cooperation towards introducing the public to the use and benefits of the emerging blockchain technology, the new business opportunities it entails, as well as a joint investment in innovative and promising new projects.

ANDEX is developing DENODE, a platform building the infrastructure for the next generation of digital assets. Through innovative and accessible services, DENODE will provide new business opportunities and a global gateway to it’s local and international clients by tokenizing their businesses using the emerging blockchain technology. The company has successfully developed Mongolia’s first official Over-The-Counter trading platform OTC.mn.

COREX is the first national blockchain network in Mongolia to develop a private and public dual blockchain network, with the goal of creating new business opportunities and innovative products based on blockchain technology through introducing the opportunities and uses of it to the public.

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