Business
Strategic Partnership with Blacksilver Trust
RC365 Holding plc, through its subsidiary RC Tech, has entered a five-year strategic partnership agreement with Blacksilver Trust (Hong Kong) Limited to provide integrated financial technology solutions. This includes business virtual account services, supporting API services, and trust management system modernization utilizing RC3.0 platform technology. The agreement will generate recurring monthly SaaS service fees of US$5,000 per client per service type, with an annual increase of 8%, and potential occasional mandate fees for additional services. This partnership is expected to generate recurring revenues and represents a significant commercial deployment of the Group's proprietary technology. Disclaimer*
About this update from Rc365 Holding Plc
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014, AS AMENDED WHICH, BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, FORMS PART OF UK LAW. ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. RC365 Holding plc ("RC365", the "Company" or the "Group") Strategic Partnership Agreement with Blacksilver Trust (Hong Kong) Limited RC365 Holding Plc ("RC365" or the "Company"), the fintech and payment solutions group, is pleased to announce that its wholly owned subsidiary, Regal Crown Technology Limited ("RC Tech"), has entered into a strategic partnership agreement (the "Agreement") with Blacksilver Trust (Hong Kong) Limited ("Blacksilver Trust"), a Hong Kong-based provider of trust and financial services. Under the Agreement, RC Tech will provide Blacksilver Trust with an integrated suite of financial technology solutions designed to enhance its operational capabilities and support its continued growth. The services comprise: · Business Virtual Account Services, including the establishment, management and maintenance of multi-currency business virtual accounts. · Supporting API Services, providing secure API connectivity and supporting technical infrastructure to facilitate the operation and management of those virtual accounts. · Trust Management System Modernisation, including the enhancement of Blacksilver Trust's existing trust management system through the integration of RC Tech's proprietary fintech solutions based on the Group's RC3.0 platform. The RC3.0 platform entered its soft launch phase approximately two months ago and this agreement represents a further commercial deployment of the Group's proprietary technology. The Agreement has an initial term of five years and is intended to establish a long-term relationship between the parties for the provision of virtual account infrastructure, technology integration and ongoing support services. Principal commercial terms The principal commercial terms of the Agreement include: · Initial con...