Shanghai Pudong Development Bank (SPDB) is a Chinese state-owned commercial bank that provides financial services and products to customers in Mainland China, Hong Kong, Macau, and other countries. Founded in 1994 as the first joint stock commercial bank in Shanghai’s Pudong district, SPDB has grown into one of China’s largest banks with over 4500 branches across the country.
As a leading financial institution dedicated to serving its customers with innovative technologies and services, SPDB has been actively exploring blockchain technology since 2016. The bank is committed to building on its existing capabilities by developing secure digital banking solutions that are both user friendly and efficient. In addition to taking part in several major blockchain initiatives such as Hyperledger Fabric 1.0 development platform launch event held at IBM Research Institute Beijing branch office in 2017, SPDB also launched a new online cryptocurrency trading platform for retail investors called “PuDianX” which allows users to buy or sell cryptocurrencies directly via their mobile devices or PCs without having any prior knowledge about cryptocurrencies or blockchain technology.
Furthermore, SPDB also offers custodial services for institutional clients who want to store their digital assets securely while keeping them liquid at all times; these include multi-signature wallets as well as cold storage facilities located within an offshore data center based outside mainland China where they can access real time market data feed from different exchanges around the world including Binance & Huobi Global Markets etc., allowing professional traders have an edge over the competition when it comes to making informed decisions during volatility periods.
