Hong Kong-based ixFintech Group announced its Digital Asset Exchange Machine, a first next generation ATM equipped with post quantum computing security that enables the exchange between cash and digital assets, will begin a trial period at Hong Kong's Cyberport.

The Cyberport is a digital community consisting of hotels, office buildings, an entertainment complex and 1,500 start-ups and technology companies, which includes 350 fintech companies, according to a press release.

The DAEM, allows users to purchase and sell digital assets using cash and a digital wallet like other crypto ATMs, but differs by being equipped with post-quantum computing security technology.

"2020 marked the year for the Group to move into the DEFI space with the completion of DAEM," Irene Wong, the founder and CEO of IX Fintech Group said in the release. "We are very grateful to have the support from our partners, 01 Communique from Canada and CryptoGo from Hong Kong to realize our vision on the new generation ATM - the DAEM."