Founded in 2011, CBCX offers a trading platform for currencies, precious metals, stocks, indices and commodities. It is also expanding into the digital-asset ecosystem.
“This strategic investment will inject significant momentum and resources into CBCX’s growth across the Asia-Pacific region and global markets,” CBCX said in a statement on Monday without specifying the amount invested.
The partnership would focus on enhancing financial trading and investment solutions for the gold and foreign exchange sectors, while deepening collaboration across commodities, stocks and brokerage services, the company added.
The collaboration marked a “milestone” in bridging traditional finance with emerging digital assets, according to the announcement.
Cheng would focus on traditional and virtual gold trading platforms, according to people familiar with the matter.