Professional Diversity Network (IPDN) said Friday it signed a non-binding memorandum of understanding with Dubai-based OOKC Group to develop a compliance driven Web3.0 digital investment banking platform.

The proposed platform will focus on tokenization of real-world assets, Web3.0 project financing, decentralized capital structures, and cross-border regulatory innovation, the company said.

Financial terms were not disclosed.

Professional Diversity Network shares were more than 70% higher in early Friday trading.

Price: 3.42, Change: +1.48, Percent Change: +75.84