Fujitsu and Digital Commodity Exchange Enter Strategic Agreement to Accelerate Digital Transformation in Global Commodities Trading
Fujitsu Limited and Digital Commodity Exchange Pte. Ltd. (DCX) today announced that they have entered a global strategic agreement to accelerate the digital transformation (DX) of the global commodity trading industry, including the trade of agricultural products such as grains and raw materials for manufactured goods. In addition, Fujitsu will make a strategic investment in DCX on July 13, 2021 through a fund managed by its subsidiary Fujitsu Ventures Limited.
DCX is a Singapore-based company that specializes in crypto-enabled financial services. DCX is bringing a revolution with its crypto-based products by developing borderless financial services that ensure a faster, simpler, and uninterrupted flow of capital.
Since August 2019, Fujitsu and Rice Exchange have been working together to solve frictions related to global transactions with the world’s first digital global rice trading platform, which successfully deployed blockchain technology to realize efficiency with a high degree of reliability and transparency. Fujitsu and DCX are additionally endeavoring to transform the trade of fertilizer.
Back in May 2021, Fujitsu announced a Strategic Collaboration Agreement with Amazon Web Services, Inc. (AWS), an Amazon.com company, to accelerate the digital transformation (DX) of the mobility industry. This collaboration position Fujitsu as an important player in accelerating DX and expanding business for companies in the mobility industry including automobile manufacturers, insurance providers, and logistics companies.
Fujitsu Ventures is a 100% subsidiary of Fujitsu Limited, and was established on March 1, 2021 as part of Fujitsu group’s growth investments for the purpose of managing CVC funds that invest in startups and other businesses.