Accubits and Global Digital Assets (GDA) have reached an agreement to form a joint venture and launch a Canadian subsidiary of Accubits that would allow for the sharing of products and processes, intellectual property, and capital markets capabilities. This joint venture is being called Accubits Technologies Canada and is to be the leading blockchain development firm in the country with experience building solutions for clients including JP Morgan, the US Department of Homeland Security, NASA, and Smart Dubai.
Under the terms of the joint venture, Accubits Technologies Canada will be entirely owned by the Accubits Technologies Private Ltd and Global Digital Assets. The new firm will be led by Jithin VG, the founder of Accubits, as the executive director and Michael Gord as the managing director, who also has experience as the first enterprise blockchain developer hired to the blockchain team at TD Bank. Accubits Technologies Canada will operate out of the GDA headquarters downtown Toronto.
GDA, as well as subsidiaries including MLG Blockchain and Secure Digital Markets, will have exclusive distribution of the suite of products built by Accubits including CoinFactory, Emotyx, Accucerts and InsightsBud and of their world-class development services and enterprise/government solutions. Accubits, who has over 550 completed projects for over 200 clients from 8 different countries around the world, will also be able to offer the services of GDA to their clients, including the over 50 digital assets that launched on the Accubits CoinFactory platform and raised a total of over $250MM. Accubits Technologies Canada will operate as the blockchain & AI-focused technology and product development arm of the GDA Group of Companies.
“Global Digital Assets’ expertise in venture capital, capital markets, trading, blockchain technology, token development, etc is remarkable and that makes me so excited about this joint venture. I believe this new initiative will enable both Accubits as well as GDA to better tap into the Canadian market for Blockchain development services.”, said Jithin VG, CEO of Accubits
The joint venture provides significantly more international geographical coverage to both firms. GDA’s global headquarters are in Toronto and NYC which is complementary to Accubits, whose global headquarters are in Washington with other offices in countries including UAE, India, Australia, Indonesia, Switzerland, Singapore, Hong Kong, and Norway. The firms will now be able to access information, deal flow, and successful project implementations from their combined efforts around the world.
Accubits has a significant number of cutting edge enterprise and government projects from around the world that have been taken from ideation to production and have resulted in significant cost savings that we can now work to replicate by enterprises and governments in North America. “We are excited to be partnered with such a dynamic team as we cross the tipping point in the mainstream adoption of blockchain and artificial intelligence technology ”, said Michael Gord, one of the co-founders and CEO of GDA.
About Global Digital Assets
Global Digital Assets (GDA) is a global blockchain & digital assets focused merchant bank based in Toronto & New York City. GDA offers a full suite of services spanning from ventures and capital to markets and liquidity in order to provide end-to-end solutions to disruptive and cutting-edge blockchain projects.
Global Digital Assets and its experienced management team have the experience that spans the entire blockchain industry. This includes venture capital, capital markets, trading, blockchain technology, token development, and issuance. The team has played a significant role in taking dozens of tokens to market for clients around the world; having led million-dollar marketing and activation campaigns, and completing over three billion dollars of private placements and OTC transactions. GDA’s work with a variety of firms ranging from family offices and HNWI, Fortune 100 enterprises, startups, and global governments looking to accelerate their countries’ adoption of the blockchain.
Accubits is a full-service software provider offering product development and digital transformation services to Governments, Tech startups, Fortune 500 companies, and Businesses. Accubits help organizations to be future-proof through data-driven solutions for mobile, cloud, and web platforms.
Accutbits focuses on innovating to empower humanity and to bring a brighter future nearer to us. They believe in Artificial Intelligence and innovating every day in order to make it better than yesterday. This fits closely with GDA’s mission of furthering the adoption of blockchain throughout the world across a variety of industries and use cases.
Founded by Jithin VG in 2012, Accubits has grown into a recognized global leader in the space. Over the past 4 years, Accubits has worked on more than 550 projects for over 200 clients from 8 different countries. This includes NASA, the Dubai government, the Department of Homeland Security, the United States Postal Services, and Nissan. Plus, Accubits was recently recognized as a key player in the banking industry by MarketWatch.