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Moonstake Collaboration Webinar: “CENTRALIZED OR DECENTRALIZED – How can institutions ensure their digital assets are safe and secure”

indie
4 minutes

SINGAPORE, Feb 19, 2021 - (ACN Newswire) - Moonstake will hold a joint webinar with Tokenize Xchange and Merkle Science about "CENTRALIZED OR DECENTRALIZED - How can institutions ensure their digital assets are safe and secure" on 24th of Feb, 2021. It will be held from 3PM Singapore time.It has been a remarkable year in which the cryptocurrency rose and some central banks together with financial institutions have started to recognise the potential of the cryptocurrency digital market, and are trying to adapt it at a country level.However with the massive price surge and adoption, the need to secure the digital assets has become ever more important. Moreover, institutions might not be aware of the various platforms and setup, be it decentralized or centralized, available for them to store and earn yields from.This webinar is a valuable opportunity to hear the opinions of experts about security at scale in digital asset management. So please come and join us.About this Webinar:TOPIC: "CENTRALIZED OR DECENTRALIZED - How can institutions ensure their digital assets are safe and secure"DATE & TIME: 24th of Feb, 3PM in Singapore time (GMT+8)SPEAKERS:- Lawrence Lin, CEO of Moonstake ...

ACN Newswire
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KYC-Chain to Provide Onboarding Software for HKVAX, a Prominent Virtual Assets Service Platform

indie
2 minutes

HONG KONG, Feb 17, 2021 - (ACN Newswire) - HKVAX, the Hong Kong Virtual Asset Exchange Limited, has officially announced working with KYC-Chain to facilitate the on-boarding of customers to the exchange. With the support of its proprietary technology, KYC-Chain hopes to provide HKVAX and its clients with an outstanding and secure on-boarding experience. KYC-Chain is enabled to provide live API integrations to government databases with real-time data updates every 24 hours, including the authentication of business information for 139 different countries, representing more than 160 million companies, and data checks from over 10,000 data source points."With the world becoming increasingly involved with digital finance, identification and safeguarding security have become all the more important. We are hence pleased to be working with KYC-Chain in making sure our platform not only runs smoothly, but also securely," said Sam Fok, HKVAX Co-founder & COO.HKVAX is a virtual asset exchange that provides trading and support services for institutions looking to invest in virtual assets, and the financial technology sector. The Exchange, which was named to KPMG's "2020 China Leading Finte...

ACN Newswire
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KPMG Nominates Virtual Exchange, HKVAX, as 2020 Fintech Leader

indie
2 minutes

HONG KONG, Feb 1, 2021 - (ACN Newswire) - HKVAX, an Asian startup focused on developing a compliant virtual asset exchange, has been nominated for KPMG's "2020 China Leading Fintech 50", alongside other notable fintech companies such as Futu, Ping An and CCB Fintech.HKVAX is focused on developing a compliant trading environment for virtual assets and is expecting to be licensed in 2021 subject to regulatory approval. The approved licenses would allow HKVAX to legally operate a regulated virtual asset exchange and to deal in securities.The platform will provide a curated venue for professionals and institutions to trade virtual assets and offer catered listing rules and guidance for virtual assets and security tokens. HKVAX also provides "24/7 Real-Time" transactions around the clock with market liquidity to allow trading operations to function efficiently and effectively.HKVAX also has plans to launch their licensed institutional grade custodian solution in early Q2 of 2021. The TCSP license was received earlier in 2019 making HKVAX a fully licensed trust company and is compliant with the strictest AML, CTF, FATF and other global regulatory requirements. This allows HKVAX to provid...

SeaPRwire
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Company Briefs: UOB Asset Management

elean
2 minutes

UOB Asset Management UOB Asset Management announced yesterday that it has completed the acquisition of VAM Vietnam Fund Management Joint Stock Company, which was first reported over a year ago, in a move that will rev up its presence in Asean. The entity will be renamed UOB Asset Management (Vietnam) Fund Management Joint Stock Company, subject to regulatory approval. It was announced in December 2019 that the Vietnam firm was acquired for a cash consideration of 113.68 billion dong (S$6.7 million). THE BUSINESS TIMES Boustead Projects Mainboard-listed real estate player Boustead Projects yesterday said it has obtained its first green loan of about $130 million from United Overseas Bank to refinance Alice@Mediapolis, a smart eco-sustainable business park development. The loan was extended to BP-Dojo, Boustead Projects' joint venture special purpose vehicle under the Boustead Development Partnership, a collaboration between Boustead Projects and the Abu Dhabi Investment Council. BP-Dojo developed and owns Alice@Mediapolis. THE BUSINESS TIMES Audi A global semiconductor shortage is forcing Audi to delay the production of some high-end cars and furlough workers, its chief executive of...

JCN Newswire
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Norwegian Block Exchange (NBX) Raises Capital for Growth

ruth
2 minutes

OSLO, NORWAY, Jan 10, 2021 - (JCN Newswire) - Just before New Year, the Norwegian Block Exchange (NBX) completed a NOK 60 million (EUR 5.84 million) private equity placement with Pareto Securities, a leading investment bank in the Nordics, acting as sole lead manager and guarantor of the deal. The funding ensures that NBX can further develop its cryptocurrency exchange, custodian and payment systems, as well as new products relating to digital assets and E-money banking.Since public launch in April 2020, NBX has been working towards becoming the preferred provider of digital asset services in the Nordic region. Thus far the platform has attracted more than 7,000 customers, including large institutional investors. In so doing, NBX was able to engage major Norwegian investors and successfully close their 60 million-krone equity offering, which will help them achieve the ultimate goal of becoming a digital asset bank. On the equity placement, NBX co-founder and CEO Stig Aleksander Kjos-Mathisen said, "I am elated that NBX has managed 60 million kroner in a private placement. This funding will provide NBX with the financial resilience needed to pursue a banking license, thus becoming o...

SeaPRwire
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Credit Suisse shuts $2.67 billion insurance units after withdrawals

elean
2 minutes

ZURICH (BLOOMBERG) - Credit Suisse Group is winding down two reinsurance vehicles with assets of about US$2 billion (S$2.67 billion) after key investors moved their funds out. Humboldt Re and Kelvin Re, which use money from institutional clients to reinsure natural catastrophes and other risks, will stop underwriting new business next year, the bank said in a statement on Wednesday (Dec 9). Closing the vehicles is a blow to Credit Suisse's asset management unit, which is one of the biggest providers of investments linked to insurance. "Due to independent strategic decisions by the two ultimate institutional investors this year, these entities will discontinue to participate in reinsurance activities for 2021," Credit Suisse said in an emailed statement. "These two investment funds are expected to gradually reduce their asset size over the coming years." Insurance-linked securities offer investors above-average returns during years with few disasters but steep losses when earthquakes or typhoons multiply and damage property. Recently, the products have been tested by successive years of high disaster claims. The withdrawals add to problems at Credit Suisse's asset management unit, w...

SeaPRwire
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Newly Launched Bitcoin Latinum Set to Become World’s Largest Insured Digital Asset

pandora
5 minutes

PALO ALTO, CA, USA - Bitcoin Latinum, the next-generation Bitcoin fork capable of massive transaction volume, digital asset management, cyber security, and capacity is announcing its official pre-sale launch. Bitcoin Latinum will trade under the symbol LTNM with a total supply of 888,888,888 LTNM [verifiable by LTNM]. Bitcoin Latinum is now available for pre-sale on www.bitcoinlatinum.com and will be available on exchanges in 2021. Marsh & McLennan, one of the world's leading specialty insurance brokers and risk advisers, has been appointed to arrange a comprehensive insurance program for Bitcoin Latinum. The insurance coverage, to be arranged by Marsh Asia, will protect Bitcoin Latinum holders in case of external theft and internal collusion, potentially up to the full value of their holdings. This contemplated insurance coverage will make Bitcoin Latinum the world's largest insured digital asset. The Bitcoin Latinum tokens are a part of a blockchain ecosystem being adopted by companies in media, gaming, storage, cloud, and telecommunications. Bitcoin Latinum tokens will be interchangeably used on each of these partner/supplier networks by consumers. In addition, Bitcoin Latin...

SeaPRwire
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What is the future of the MAGIC TRADING PROJECT after MTM Coin is listed on the exchange?

pandora
3 minutes

Singapore - On the 26th of last month, it was announced that the blockchain token MTM, which is based on Magic-T's asset management platform, was listed on the GX Global Exchange. MTM tokens were sold out (about 13.69 million yuan) in 4 hours after opening in the two day pre-sale held from the 24th to the 25th at the GX Global Exchange. The Magic Trading platform is an integrated asset management platform that makes more efficient cryptocurrency asset management possible by supplementing the problem of not being able to quickly respond to price fluctuations, which is a disadvantage of staking, and problems surrounding the increasing influence of coin companies. The Magic Trading platform successfully carried out its first project, MTM Coin, and is listed on the GX Exchange. It is preparing a number of projects based on this. An official of the Magic Trading platform revealed their aspirations "It will serve as a new blockchain integrated asset management platform by complementing the problems of staking, which is currently provided by many coins companies and exchanges, and DeFi of the blockchain in 2020." The Magic Trading platform is a more advanced concept than DeFi. This is a n...