New York-based Ideanomics, a fintech tech firm that provides asset digitization and tokenization solutions, announced on Tuesday that it had formed a joint venture with UK-based TPJ Ltd. The new venture created Ideanomics Resources LTD, a company based in the London, UK. Ideanomics owns 75% in the joint venture, which aims to unlock value in the energy and commodities markets through Ideanomics’ Platform-as-a-Service (PaaS). The solution represents a range of financial technologies that rely on blockchain and artificial intelligence (AI). Eventually, the venture will establish a digital asset exchange. Ideanomics Resources said that it would initially target the Middle East and Africa, where it has valuable partnerships.
Last month, Ideanomics co-CEO and Chairman Dr. Br...
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