After DIT Financial went public with its press release stating its collaboration with JPMorgan on a blockchain project, the bank has denied its involvement with the project.

In its press release dated July 06, DIT Financial stated:

“JPMorgan will co-operate with DIT Financial Inc. on a new project named DIT Wealth Chain. This is a platform build by BlockChain technology use block-chain data structure to verify and store data.”

However, speaking with CoinDesk, a JPMorgan representative has confirmed that the bank had no involvement with, or knowledge of, the project.

More recently, DIT Financial released a new press release stating that it is applying “Blockchain Technology Towards Assets Investment and Management”. It says “DIT has plan to build one of the largest wealth chain in the world, with assets under DIT chain will be more than US$100 million in 2018.”

Things get stranger as the DIT Financial official website appears to have been taken down, at the time of writing. When accessed, it takes you to godaddy.com, which is a domain provider.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest