When we unveiled the Function X blockchain to the world, we applied it first to telephony and messaging. The XPhone, and the first blockchain phone call, showed that we had a new protocol for communication that could take blockchain beyond the world of financial transfers.
At Consensus: Invest 2018 in New York, we introduced the QEX fund in partnership with Quantum Energy Asset Management (QEAM). Quantum Energy Asset Management (QEAM), which houses the investment resources required to run QEX, is incorporated in Singapore and will be led by its Chief Executive Officer, Vic Tham. Vic is currently also Pundi X’s Chief Investment Officer.
Welcome to our first monthly report for the final quarter of 2018. October has been a busy month for the Pundi X team, with the continued rollout of our XPOS devices but also an important addition to our business offerings with the development of our new ecosystem, Function X, and the XPhone to display its potential to add new utility to blockchain technology.