Press ReleaseUlaanbaatar

Ard Financial Group (Ard Holdings) took an open and proactive position towards blockchain technology as part of its overarching goal of digital transformation and disruption of the traditional banking industry.

Today we are happy to announce a strategic investment in - Mongolia’s first digital exchange launched in 2017. The platform was developed by a strong team of leading engineers and entrepreneurs in the field. gave Mongolians an opportunity to openly trade and various cryptocurrencies, including Bitcoin for Mongolian national currency, tugrogs (MNT)

Ganhuyag of Ard Holdings’ said - “Ard works to provide a full range of financial services to our customers, including an opportunity to own shares in our firm. In order to maximize our shareholders’ value and optimize our strategic competitiveness we have been implementing the digital transformation plan. So far we managed to build a track record of effective partnerships with top companies working in the technology space. One such example is today’s partnership with Digital Exchange Mongolia. Together with our friends and partners we will work to make an international cryptocurrency exchange which tackles the central issue facing this nascent industry at the moment - full regulatory compliance.”

Digital Exchange Mongolia’s Chairman Lhamsuren said: - “Blockchain brought along incredible technological breakthroughs. We were the first to launch a cryptocurrency platform in Mongolia and accounts for over 80 percent of all cryptocurrency trades taking place in Mongolia. Now we are looking to further expand into international markets by signing a strategic investment agreement with Ard Financial Group, Mongolia’s most progressive full fledged financial services company. I firmly believe this partnership will achieve success in the international markets.”

Ard Financial Group is a diversified financial services holding company that aims to increase its shareholders’ value through investing in and developing leading financial services companies. Our investment portfolio consists of companies such as Ard Insurance, Ard Credit, Ard Securities, Ard Life, Ard Assets, Ard Management, Ard Bit, Investor Nation, TenGer Systems, Mongol Post, GoPay, Nomyn Hishig and CryptoNation. Investor Nation, after RTO with Jinst Uvs (MSE:JIV), is a MSE quoted public company and a registered trademark of the Group.

Backdrop: Ard Financial Group invested in GoPay, a startup that developed a mobile cryptocurrency wallet and started marketing ArdPay app for traditional banking transactions. We published a book “Digital Gold” to give the public basic knowledge about Bitcoin and blockchain technology. The Inaugural CryptoNation Forum was held in 2017 supported by the Ministry of Foreign Affairs. We are helping found the Blockchain Association of Mongolia. Ard Holdings successfully launched the Blockchain Academy to train developers and we collaborate with the top bitcoin wallet Xapo.

Please, feel free to contact us with further enquiries.

HQ address: Ard Holdings, Prime Minister Amar street, Suhbaatar district, 8th horoo, Ulaanbaatar, Mongolia. w3w: powerful.gains.animates

Shangri-La branch address: Shangri-La shopping mall, 19A-C Olympic Street, Suhbaatar district 1, Ulaanbaatar, Mongolia. w3w: animate.softest.screeches

Central tower branch address: Central tower, Chinggis khan square, Suhbaatar district 8, Ulaanbaatar, Mongolia. w3w: animate.softest.screeches

Phone:7707-8080, 77078181, 77078282


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