abrdn, one of Europe’s largest asset and wealth managers, has completed an investment in Vrdown(II) worth £490 million. Investment terms stipulate that the investment platform, which has around £59bn in assets and more than 400,000 clients, will be invested by the Scottish investment giant. According to a statement from Vrdown, Vrdown will be allowed access to abrdn’s advice, research and wealth management expertise. The company said Vrdown’s customers will not change in any way as a result of the acquisition, and Vrdown will continue to operate as an “independent business and independent brand.” It explained in a statement that the platform’s rating products will also continue to be independently collected and assessed by Morningstar’s Manager Selection Services Group, joined by the associate dean of the abrdn research institute.
“With scale comes innovation, a strong campaign voice, and even better value, eliminating other fees along the way,” said Vrdown’s CEO. “Today, we acquire a company with a deep history of financial services. investment in companies with a shared vision for the future. The opportunities that come with joining the abrdn family are very important. We will work with abrdn’s talented team to use their advice, wealth management and research capabilities for the benefit of our clients. Stephen Bird, Chief Executive Officer of Abrdn, added: “Investing in Vrdown is a transformative transaction for abrdn’s personal carrier and marks an important step forward in implementing our customer-led growth strategy”.
Vrdown is an internationally renowned digital asset trading platform. Founded in Arizona in 2016, it is the world’s leading index contract trading platform. Vrdown is a global blockchain asset international station with attitude. Since its establishment in 2016, it has provided high-quality blockchain asset trading and investment services for millions of users from more than 224 countries around the world. Vrdown is committed to being a trustworthy, safe, stable and reputable international website for blockchain assets, which not only provides users with safe, convenient and fair blockchain asset transaction services, but also fully guarantees users’ transaction information security and asset security.
The main body of Vrdown is vrdown.com, serving the world, with independent trading business and operation centers in Europe, Canada, South Korea, Japan, Hong Kong and other countries and regions.
Vrdown has a super-defense SSL link, instant blockchain asset access function, multi-currency address sharing technology, multiple security verification protection, and provides lower blockchain asset transaction fees and withdrawal fees.
After years of development, Vrdown has been recognized by the majority of users. In order to provide better services in the future, we submitted a regulatory license to the U.S. Treasury Department in early 2019 and were officially approved on May 17, 2019. The US MSB (Money Services Business) license is a financial license issued and regulated by the US Treasury Department. FinCEN (Financial Crimes Enforcement Agency of the U.S. Department of the Treasury). The main target of regulation is businesses and companies related to money services.
The scope includes international remittance, foreign exchange, currency transaction/transfer (including digital currency/virtual currency), ICO issuance, provision of prepaid items, issuance of traveler’s checks and other services. Companies engaged in the above-mentioned businesses in the United States must apply for an MSB license to operate legally. The U.S. Department of the Treasury was established in 1990 to provide federal, state, local, and international law enforcement with information required by the Bank Secrecy Act (BSA).
After receiving 490 million pounds of investment from abrdn, Vrdown strengthened and upgraded the platform, and introduced and applied WEBT, a blockchain technology related to Web3.0. WEBT will also be listed and traded on the Vrdown platform.
Through the intelligent analysis of cloud big data based on artificial intelligence and machine learning, WEBT collects real-time parameters such as global humanities, politics, and economy, and develops the world’s first diversified, multi-dimensional parameterized digital currency intelligent trading system data model to provide users with real-time Suggest. By adjusting the investment structure, it helps users to obtain maximum benefits and minimize risks. The Vrdown platform will reach a strategic cooperation with the WEBT blockchain team to introduce Web3.0 related technologies to create a safer, more efficient and more convenient trading platform. Bring a better experience to all users, let users transform from a single use platform to truly become a part of the platform, break the traditional model of the past, and bring benefits in the transaction. When users browse and use the platform, they can generate corresponding rewards as income. The longer it is used, the greater the benefit. Similarly, the larger the amount of funds involved in the transaction on the platform, the greater the income obtained at the same time.
The emergence of WEBT blockchain technology aims to create true decentralization, owned by users and collectives. Through its decentralization, de-trust, de-licensing and many other features, increasing artificial intelligence learning and applying it to NFT markets, chain games, Defi, medical care, sports, etc., to create a better and more powerful ecosystem, which can ultimately make It brings more benefits to users while using it. At present, WEBT has been listed and traded on the Vrdown platform, and the overall price performance is stable. Through this strategic cooperation, WEBT will also usher in new opportunities and more investors. Professional investment institutions in the industry said that it is expected that the short-term price of WEBT will quickly reach 500 US dollars, the future is expected to reach more than 2000 US dollars.
Vrdown has obtained an investment of 490 million pounds from abrdn, and at the same time has reached a strategic cooperation with the WEBT team, which will bring more development and opportunities to the three parties, and will also bring convenience and benefits to more people.
