Vite Labs, a high performance asynchronous decentralized application platform announced that they have strategically invested in MXBank, a digital asset bank under development. The two teams also reached a strategic cooperation. Vite as the infrastructural public chain will provide MXBank with public-link related technical support to help MXBank integrate on Vite.
In the meantime, the ecosystem fund leader from Vite will join the MXBank team to accelerate their product development. Additionally, the Vite token will be among the first group of digital assets supported by MXBank. The launch and expansion of MXBank will help the liquidity of the Vite token.
MXBank is a digital asset bank, dedicated to providing customers with convenient and secure digital asset management services. The core technology is built on smart contracts, with MXBank providing services including exchange, lending, investment and wealth management of cryptocurrency assets.
The MXBank team consists of former members of Google R&D and marketing teams, Bank of America Merrill Lynch, Morgan Stanley and other financial professionals with Wall Street backgrounds, and Discover Finance’s risk control team.
The CEO of MXBank, Ms. Xinyi Liu, graduated from University of California Berkeley in Mathematics and worked for Wall Street investment bank Merrill Lynch. Mr. Zhou Zhe, the other co-founder of MXBank, was one of the first employees at Google headquarters. He wrote 60% of the code for AdWords, the first generation Google advertising system, along with their their first Java code. He also participated in Gmail, Chubby (blockchain technology), gRPC, maps, music and other products.