ICICB Group’s Net Profit Increases from $800 Million in 2020 to $1.4 Billion in 2021 – NASDAQ


ICICB Group’s net profit increases from $800 million in 202o to $1.4 billion in 2021 as the company harnessed the transformative momentum of blockchain technology – reports NASDAQ news release. The group looks to continue its multi-year expansion in 2022 by helping to transform the blockchain industry.

The Dubai-based ICICB Group booked another solid year of growth in 2021 as the organization harnessed the transformative power and building momentum of the blockchain technology industry as part of its larger goal to be a leader in the ongoing digital revolution that is reshaping our global society. 

With a global network of more than 114 branches and offices located in 26 countries, ICICB Group is perfectly positioned to help lead the charge for the integration of blockchain technology into mainstream society. 

ICICB’s network of businesses include some of the largest industries in the modern economy including healthcare, water treatment and delivery, commercial enterprise, energy exploration and development, agricultural development and education, all of which can benefit from efficiencies enabled by blockchain technology.

Over the course of 2021, ICICB Group established working relationships with numerous firms including the world-renowned video game creator Atari, which led to the creation of the Atari Token and Atari Chain which have become early mainstays in the emerging Metaverse. 

As a result of its global expansion efforts in 2021, the company’s profits increased from $800 million in 2020 to $1.4 billion in 2021 while the value of ICICB assets increased from $2.6 billion to $5 billion, making it one of the most successful financial services companies in the Middle East region. 

So far in 2022, the ICICB Group appears to be building on its momentum from 2021 as the total value of funds under the management of ICICB increased from $10 billion to $18 billion just in the first quarter of the year with more than a month left to go. 

With a focus on becoming the most dynamic investment company globally and creating value through the development of top-notch businesses that leverage the firm’s morals, capabilities, and extensive relationship network, ICICB Group looks to continue its rise by reshaping the cryptocurrency landscape through the upcoming release of the world’s best blockchain network: ICICB Chain.

ICICB chain was painstakingly designed to solve some of the biggest challenges facing the blockchain industry including high transaction costs and slow processing times with a state-of-the-art framework that can process 50,000 transactions per second (TPS) for just $0.0000008 per transaction.

That’s the lowest cost per transaction in the industry and a perfect example of ICICB Group’s dedication to the advancement of digital technology. 

And to take things to the next level, ICICB Group has also unveiled the upcoming launch of an expanded ecosystem that incorporates the hottest sectors of the expanding Cryptoverse including the ICICB decentralized exchange (DEX), ICICB Portal, ICICB Bridge, ICICB Wallet, ICICB Coin, ICICB NFT Marketplace, ICICB games and the Metaverse by ICICB.

Fresh off of a year of tremendous growth despite the wider struggles of the global economy, ICICB Group now stands poised to see an even greater expansion in 2022 as the power of blockchain technology and a dedicated global network of offices and coworkers charge ahead to lead the way in the ongoing digital revolution.

Source: https://www.nasdaq.com/press-release/icicb-group-doubles-in-value-over-the-course-of-2021-as-it-harnessed-blockchain


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