French Decentralized crypto platform to open new entity in Dubai UAE
French Digital Reserve and Golden Roads capital to open in DMCC Dubai with sponsorship from DIFC
French Digital Reserve is a blockchain enabled decentralized cryptocurrency platform. FDR is designed to offer multiple financial services such as cash transfers, payments, savings, project audits and review as well as community votes.
In 2018, French Digital Reserve partnered with Golden Roads Capital, a fully licenced and regulated privately held alternative investment fund operating out of Amsterdam. In February 2020, French Digital Reserve announced that it will be introducing a French Digital Management Lending and trading room. According to their announcement on LinkedIn, the team plans to create a subsidiary, French Digital Management. The aim of the subsidiary will be to launch two financial products in the market, a lending and a trading room in Dubai UAE. The lending platform will attract high-interest rates of 10% for retailers and institutions.
Kévin-Julien Duarte, CEO of French Digital Management and Co-founder of Golden Roads Capital stated, “I am pleased to announce the upcoming creation of French Digital Management with the French Digital Reserve team. We plan to launch two investment programs on the financial markets, firstly a lending offer for individuals and institutions in crypto/crypto with an expected return of 10% per year. Second, we plan to open a trading room and set up a team of traders specializing in encryption in Dubai. This investment fund aims to give people the opportunity to have a complete portfolio of investments in crypto money, from master nodes to lending and market spot.”
He adds “Our offices are scheduled to be leased in the DMCC free trade zone located in the Jumeirah Lake Towers in Dubai in August 2020. The fund will be sponsored by the Dubai International Financial Centre which is currently looking to expand its digital business in the Middle East.”
French Digital Reserve allows users to not only use its native currency FD reserve but also leading coins including Bitcoin, Ethereum (ETH), and Litecoin (LTC) aside from its native currency FD Reserve. The platform is based on a proof of stake and tiered master node system. With tiered masternode architecture, the network can scale.
According to founders, on this platform, just by holding coins in their supported wallets, one stands to win 17% of block rewards depending on the network’s difficulty. Through the master node system, a user can easily build a network and join the French Digital Reserve family. There, he can be compensated 50%, 20%, or 8% of the block reward payout depending on collateral.