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Vite Labs (VITE) and OK Blockchain Capital have entered into strategic partnership

OK Blockchain Capital is a venture capital fund focusing on blockchain industry investment.

Vite Labs (VITE) is a technology company that aims to create the next generation of high-performing public blockchain that makes truly practical dApps possible.

Today, on June 24 Vite Labs has announced that it has entered into a long-term strategic partnership with OK Blockchain Capital.

The discussion between the two parties for partnership commenced in early May. After thorough analysis and careful planning from both sides, Vite and OK Capital have decided to enter into the following areas of collaboration:

  • OK Capital has become a major investor in Vite.
  • OK Capital’s research center will undertake an advisory role in Vite’s plan to launch a decentralized exchange based on the Loopring protocol.
  • Vite has positioned its initial commercial uses to be in financial technology, with at least two major projects yet to be announced. OK Capital will provide key insights, relationships and resources on these fronts.
  • Vite Labs’ Silicon Valley office will provide overseas resources for potential project partnerships for OK Capital.

«Vite Labs is excited about joining forces with one of the most recognizable brands in the industry, and looks forward to continuing to propel the development of the blockchain ecosystem», – writes the Vite team in the announcement.