Bitwires Technology, a global blockchain media group, is located in Singapore, one of the international financial centers and one of the countries with the most friendly blockchain policies in the world. On April 12, 2019, it completed the comprehensive acquisition of Beenews. The two major brands of Bitwires, Bitwires is an important support for the internationalization strategy of Beenews. Beenews is the world's largest Chinese blockchain media platform, currently covering nearly 7 million users, 1,000+ project parties, 800+ self-media, and the world's largest daily consultation volume; Bitwires is committed to building the world's largest blockchain media The social platform will cover English, Japanese, Korean, Spanish, Arabic and other mainstream language users in 2020, and become the entrance of global blockchain information.
Bitwires has completed a new round of private equity financing in compliance with Singapore's securities laws and regulations, marking the official entry of Bitwires into the Singapore capital market. After the completion of this round of financing, Bitwires is valued at US$50 million. Bitwires has completed the connection with the traditional capital market and at the same time carried out the tokenization transformation (Tokenization) of the equity. All the equity has been mapped on the blockchain through the smart contract, completed the asset on-chain and created the only corresponding equity token. Security Token, the BITW issued this time is a BDR token that is bound to a smart contract by the Bitwires Equity Token (Security Token) 1:1.