RD Technologies Joins the HKMA Stablecoin Issuer Sandbox

HONG KONG, July 18, 2024 – (ACN Newswire) – RD Technologies announced today that its subsidiary, RD InnoTech Limited, has been admitted to the stablecoin issuer sandbox of the Hong Kong Monetary Authority (HKMA). Among the first batch of entities to join the sandbox, RD Technologies will conduct testing for various use cases of its proprietary Hong Kong Dollar stablecoin, “HKDR”, such as digital asset trading and cross-border trade payments.

Today’s announcement represents a major milestone for RD Technologies mission to help develop the financial infrastructure for the Web3 ecosystem in Hong Kong through the issuance of reliable and trustworthy stablecoins compliant with high regulatory standards.

“We are honoured to be amongst the first batch of entities to participate in the HKMA sandbox,” said Norman Chan, Chairman of RD Technologies. “RD Technologies remains committed to the mission of offering innovative solutions to help enrich the financial infrastructure that is essential in building Hong Kong as the Web3 hub of the world.”

“We are excited to be participating in the HKMA’s sandbox arrangement. My team at RD Technologies is fully ready to communicate with the HKMA closely and demonstrate our superior technical capability, robust risk management and user friendly stablecoin solutions that are in compliance with high regulatory standards. RD Technologies will continue to contribute to the development of the Web3 ecosystem in Hong Kong.” said Rita Liu, CEO of RD Technologies.

About RD Technologies:

RD Technologies Group (“RD Technologies”) deploys innovative Fintech solutions to connect the business world by trust. RD Technologies is a unique financial platform that connects the Web2 and Web3 world and market participants through the provision of an HKMA licensed B2B digital wallet for fiat money, which was launched in November 2023, and Hong Kong Dollar stablecoins to be tested shortly under the HKMA sandbox. Based in Hong Kong and facing the world, RD Technologies’ mission is to facilitate cross-border trade and financial transactions through the provision of efficient, safe, and innovative payment solutions for businesses, thereby contributing to the development of Hong Kong as a trade and financial hub in Asia.

The world of Web3 holds great promise for the future, and stablecoins play a crucial role in this evolving landscape. RD Technologies plans to engage regulated exchanges globally as well as payment partners to enable more cost and time-efficient cross-border payments and settlements. By leveraging our strong partnerships with licensed financial institutions, RD Technologies aims to drive the mainstream adoption of HKDR. Additionally, RD will develop innovative use cases that showcase the benefits of compliance, ensuring the safety and security of HKDR to all its users.

For details: https://rd.group

About HKD Stablecoin (HKDR):

HKDR is the Hong Kong dollar stablecoin that RD Technologies is exploring to launch. HKDR’s value will be 1:1 in Hong Kong dollars, and its backing reserves will be made up of high-quality, highly liquid assets safe-kept in a segregated custody account with licensed financial institutions. Details of the reserves will be available to the public through independent third-party attestation reports published on a regular basis.

For details: https://rd.group/hkdr

Media Enquiries:

RD Technologies
Arian WANG
Mobile: (852) 6221 7008
Email: pr@rd.group
Direct email: arian.wang@rd.group

AI-Blockchain Platform ChainGPT Secures Launchpad with Blockpass KYC

HONG KONG, July 8, 2024 – (ACN Newswire) – The advanced AI model for blockchain solutions, ChainGPT, and Blockpass, the Web3 compliance provider, are pleased to announce that ChainGPT’s decentralized fundraising platform and launchpad utilizes Blockpass’ KYC platform to secure its ecosystem and ensure the highest standards of compliance are met. Through this move, ChainGPT Pad – ChainGPT’s combined incubator and launchpad – is able to facilitate the development of projects in a safe and regulated manner.

ChainGPT utilizes the power of AI to create revolutionary tools such as AI crypto trading analysis, AI NFT generation, AI smart contract generation, and more. Its ChainGPT Pad solution is an IDO platform that enables projects looking to introduce a token into their systems and launch it via Initial DEX Offerings (IDOs). Through this, ChainGPT Pad will facilitate the development of the next generation of AI, Infra, DeFi, DecSi, and SocialFi projects. Pooling capital from retail users through its decentralized platform, ChainGPT’s IDOs provide higher security for end users than alternate fundraising methods by collecting the funding and only releasing to the projects after the satisfaction of certain criteria. At the same time, the ChainGPT Lab incubation and acceleration program is a multi-month-long program of an intense and intimate collaboration between promising projects that are looking to launch into Web3 that provides support and guidance alongside the acceleration of development for the projects.

Blockpass, the Safe Network for Crypto™, pioneered reusable identities and crypto-native KYC/AML solutions. Its turnkey suite of compliance tools is designed to lower onboarding costs, automate remediation, prove humanity and protect against malicious actors, fraudulent activities, bots, and AI. Businesses can set up services quickly, test them for free, and start verifying users. With more than one million verified identity profiles, Blockpass facilitates instant onboarding, and to date more than two thousand businesses have benefitted from Blockpass’ compliant network.

“With the integration of Blockpass KYC into ChainGPT Pad, we are setting a new standard for compliance and security in the decentralized fundraising space. Our collaboration ensures that ChainGPT ecosystem is providing a secure environment for our community and fostering trust in the ecosystem,” said the ChainGPT Team.

“ChainGPT and ChainGPT Pad represent the next stage in the evolution of blockchain solutions by harnessing the power of AI, and we’re delighted to be able to play a part in seeing its new and exciting possibilities brought to fruition,” said Blockpass CEO Adam Vaziri. “AI has the potential to fundamentally change how services and solutions are developed and we’re fully prepared to ensure that such processes are carried out in accordance with the highest regulatory standards in order that we can all realize this future without issue.”

By working together to develop these solutions, Blockpass and ChainGPT aim to create a safe and secure ecosystem where Artificial Intelligence can transform crypto, blockchain and Web3 through improved efficiencies, privacy-centric solutions, increased automation and a host of other benefits that machine learning and AI can enable.

About Blockpass

Ditch tedious onboarding and say hello to seamless compliance with Blockpass, the ultimate turnkey solution for KYC, KYB, and AML. Experience the market’s most efficient and cost-effective compliance suite, built by seasoned compliance veterans and crypto-natives. Automate compliance processes, eradicate fraud, and onboard globally with confidence. Verify businesses worldwide, launch bank-grade verification for your organization, and instantly activate compliant KYC/AML for DeFi, exchanges, token launchpads, NFT mintings and beyond. Through Blockpass’ decentralized network of a million pre-verified crypto-enthusiasts and a thousand pre-verified businesses, you can expand your reach effortlessly. Leverage Advanced KYC Bot(TM) for intelligent remediation, On-Chain KYC® for data-free anonymity, and Unhosted Wallet KYC(TM) to meet Crypto Travel Rule regulations. Join Animoca Brands, Cardano, Polygon, Chainlink, Delta Exchange, National Geographic, TinyTap, Seedify, ChainGPT, Iskra and many more in partnering with Blockpass for compliance you can trust, growth you can accelerate and an experience you can enjoy. Join the cutting edge of secure, streamlined onboardings.

Learn more and engage the Blockpass team:
Website: http://www.blockpass.org
Email: sales@blockpass.org

About ChainGPT

ChainGPT is the leading provider of AI-powered Infrastructure for the crypto, blockchain, and Web3 industry. From automated smart contract generation and auditing to advanced Web3 AI chatbot, AI-powered news aggregation, AI Trading Assistant, Cross-Chain Swap, and AI NFT Generator, ChainGPT is the most sophisticated, end-to-end AI solution on the market. To learn more about ChainGPT AI Tools, we invite you to visit the ChainGPT use-case page.

For more information, visit: https://www.chaingpt.org/

Denario Announces Strategic Partnership with Inacta Ventures to Revolutionize Precious Metals Ownership

ZUG, SWITZERLAND, July 8, 2024 – (ACN Newswire) – Denario, a Swiss fintech leader in digital precious metals, is excited to announce a strategic partnership with Inacta Ventures, a renowned Swiss and UAE Web3 venture builder. This collaboration marks a significant advancement in Denario’s mission to provide innovative and accessible solutions for precious metals ownership.

Revolutionizing Ownership through Tokenization

The partnership leverages Denario’s expertise in digital precious metals and Inacta Ventures’ leadership in Web3 technology. By combining innovative tokenization of real-world assets with access to Inacta’s broad ecosystem, Denario aims to revolutionize the way people own precious metals.

Expanding Global Reach and Accessibility

“With this collaboration, we are pushing Denario on a global scale, giving people innovative access to precious metals,” stated Thomas Winkler, Chairman of Denario. Denario offers a unique asset token providing exposure to physical silver and stability of value.

Inacta Ventures’ Support

Ralf Glabischnig, Founder of Inacta Ventures, expressed his enthusiasm: “We are thrilled to integrate Denario into our portfolio. This collaboration will accelerate the development and adoption of tokenized silver worldwide. Not only can we give Denario access to our ecosystems in the UAE and Switzerland, but we will also open access to the token via our platform Tokengate, which specializes in the tokenization of real-world assets.”

Tokengate, an Inacta venture, is at the forefront of asset tokenization in Switzerland. It will support Denario in launching silver coins on various blockchains and facilitating access through a customized application.

About Denario

Denario is a Swiss Fintech leader in digital precious metals. Denario offers a unique asset token, fully backed by physical silver securely stored in Switzerland. One Denario Silver Coin (DSC) is backed by one ounce of silver granules.Each Denario token represents a digital twin of the underlying physical silver, providing investors with exposure to precious metals in a convenient and fractionalized form. Denario operates as a recognized security token, ensuring compliance with Swiss financial market regulations.

About Inacta Ventures

Inacta Ventures is at the forefront of the WEB3 revolution, building on three key pillars: Ecosystem Development, Venture Building, and Smart Capital. As a leading venture builder and network enabler, we specialize in connecting startups and corporates to unlock the potential of WEB3 technologies. Based in the dynamic ecosystems of Crypto Valley in Switzerland and Crypto Oasis in UAE, we provide the essential resources and expertise to build, deploy, and scale breakthrough WEB3 products, enabling enterprises and our 100+ portfolio companies to unlock their potential.

Media Enquiries:
Yonghan Lee, CEO, Denario (y.lee@denario.swiss)
Tom Rieder, Inacta Ventures (tom.rieder@inactaventures.ch)

Standard Chartered GBA business confidence survey shows sentiment holding up

HONG KONG, July 8, 2024 – (ACN Newswire) – Standard Chartered and the Hong Kong Trade Development Council (HKTDC) today released the Standard Chartered GBA Business Confidence Index (GBAI) for the second quarter of 2024. The “current performance” index for business activity remained largely unchanged in Q2 at 54.1, compared to 54.3 in Q1, and near its strongest level since Q2 of 2021. The GBAI “expectations” index rose to 54.8 in Q2 from 54.0 in Q1, registering its first rise in five quarters. The figures remain comfortably above the 50 neutral mark, reflecting sustained expansionary momentum following a solid start to the year.

At the city level, Hong Kong’s “current performance” rose to 47.1 from 43.3, while “expectations” increased to 49.7 from 44.2, getting closer to the 50 neutral level. However, Guangzhou’s “current performance” index fell to 53.6 from 57.1 and “expectations” dropped to 56.6 from 60.6. Shenzhen posted the highest “current performance” at 57.3 and “expectations” at 57.1.

The performance among specific industry categories was diverse. “Retail and wholesale” (+3.9 points for “current performance” and +2.6 points for “expectations”), “financial services” (+15.0 points, +10.7 points) and “professional services” (+7.6 points, +12.3 points) all improved materially quarter-on-quarter. The May Labour Day holidays and an early start to the “618” online shopping festival probably boosted household demand, allowing “retail and wholesale” to beat “manufacturing and trading” (-0.9 points, +0.7 points), despite the latter’s stronger start to the year.

“Innovation and technology” (I&T) appeared to take a hit from tariff concerns, with the category’s “current performance” sub-index plunging to 43.9 from 57.8 previously, and “expectations” falling sharply to 38.1 from 54.6 in Q1. However, the level of confidence across I&T respondents varied in the three key cities of Shenzhen (42.0 for “current performance” and 33.7 for “expectations”), Guangzhou (50.0, 59.4) and Hong Kong (63.2, 76.0). This shows that not all tech companies are equally vulnerable to tariff hikes from countries in the west.

Kelvin Lau, Senior Economist, Greater China, Standard Chartered, said: “During the survey period, the US hiked tariffs on US$18bn worth of imports from China as part of its Section 301 review. The same period also marked the run-up to the European Commission’s more recent decision to impose anti-subsidy tariffs on Chinese electric vehicles (EVs). Some of our I&T respondents are probably part of such EV and lithium battery supply chains, and their reliance on external demand could be a lingering concern going into the US elections. That said, we take comfort from Hong Kong’s I&T outperformance, which likely reflected the city’s recent innovation and technology push via attracting strategic enterprises and related talent.”

New quality productive forces offer investment catalyst

The term “new quality productive forces” describes China’s push to modernise its economic growth model through technological innovation and transformation. While one of the main concerns over the push is whether there will be enough demand to absorb output from the increase in production capacity, only 11.7% of respondents saw “a very high risk” of overinvestment and potential overcapacity in some of the new industries, while a more substantial 36.7% described this as “only a low risk” while acknowledging that risks exist.

The risk of overcapacity or macro concerns such as an uncertain economic outlook did not deter GBA companies from upgrading equipment and planning to make other business investments in the next 12 months. Of the respondents, 26.1% said they planned to increase such investment materially or marginally, versus just 6.9% planning a decrease. A majority 67% opted for no change.

Irina Fan, HKTDC Director of Research, said: “Recent economic data from Mainland China indicates that the country’s growth remains at a solid pace so far this year. A greater role for Hong Kong is expected, particularly in the area of industrial transformation as the country focuses on pushing through the new quality productive forces. We also see room for financing and investment expectations to play catch-up.”

About the GBAI

The GBAI is the first forward-looking quarterly survey in the market that looks at the business sentiment and synergistic effects in cities and industries across the GBA. It is compiled based on a survey of more than 1,000 companies in the GBA covering the manufacturing and trading, retail and wholesale, financial services, professional services and innovation and technology sectors. The index enables investors and businesses to better understand the current business climate, gauge future performance prospects and formulate their market strategies for the GBA.

Related materials

Standard Chartered GBA Business Confidence Index Report: https://av.sc.com/hk/content/docs/hk-gbr-en-q2-2024.pdf
HKTDC Research: https://research.hktdc.com/en/article/MTczNTkwMDM0MQ

Photos download: https://bit.ly/4ePUtql

A person and person holding signsDescription automatically generated

Kelvin Lau (left), Senior Economist, Greater China, Standard Chartered, and Irina Fan (right), Director of Research, HKTDC, announced the latest GBA Business Confidence Index (GBAI) today (8 July).

A person in a suit speaking into microphonesDescription automatically generated

Kelvin Lau, Senior Economist, Greater China, Standard Chartered

A person speaking into microphonesDescription automatically generated

Irina Fan, Director of Research, HKTDC

Media enquiries

Corporate Affairs Department

Standard Chartered Bank (Hong Kong) Limited

Lilian Goh

Tel: (852) 3843 0341

Email: lilian.goh@sc.com

Communications & Public Affairs Department HKTDC
Katy Wong	Clayton Lauw
Tel: (852) 2584 4524	Tel: (852) 2584 4472
Email: katy.ky.wong@hktdc.org	Email: clayton.y.lauw@hktdc.org

About Standard Chartered

We are a leading international banking group, with a presence in 53 of the world’s most dynamic markets and serving clients in a further 64. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.

The history of Standard Chartered in Hong Kong dates back to 1859. It is currently one of the Hong Kong SAR’s three note-issuing banks. Standard Chartered incorporated its Hong Kong business on 1 July 2004, and now operates as a licensed bank in Hong Kong under the name of Standard Chartered Bank (Hong Kong) Limited, a wholly owned subsidiary of Standard Chartered PLC.

For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on X, LinkedIn, Instagram and Facebook.

To view press releases in Chinese, please visit http://mediaroom.hktdc.com/tc

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Kadena Announces Nitin Gaur as Advisor

NEW YORK, June 27, 2024 – (ACN Newswire) – Kadena, the industry’s only scalable Proof-of-Work blockchain, welcomes Nitin Gaur, the founder of IBM Blockchain Lab and a former Global Head of Digital Assets at State Street, as an advisor. Gaur, a distinguished leader in blockchain with a robust patent portfolio, brings a wealth of knowledge and expertise to guide Kadena’s strategic direction for implementing a decentralized approach to traditional finance.

Kadena Announces Nitin Guar as Advisor

Stuart Popejoy, CEO and co-founder of Kadena, expressed his excitement about the new addition to Kadena’s advisory team. “We are thrilled to welcome Nitin Gaur to Kadena as an advisor, joining blockchain inventor Dr. Stuart Haber, among others. His deep understanding of blockchain technology and his institutional background will be instrumental as we continue to push the boundaries of what is possible with our platform.”

Gaur shared in the excitement to join Kadena. “Kadena has a bright future with a world-class team of executives and advisors. I’m excited to bring my experience in blockchain-powered business networks, especially in financial services, to add to a strong foundation.”

Gaur’s contributions to the field extend beyond his work at IBM and State Street. He is a sought-after speaker at various global events, advised on digital currency initiatives at Stanford University, and holds 100-plus patents.

For more information about Kadena and its initiatives, please visit www.kadena.io.

About Nitin Gaur

Nitin Gaur is currently the founder and CEO of LedgerLink, an AI-driven Web2.5 platform. The goal of LedgerLink is leading Digital Asset and Technology Design, with aspirations to transition part of the company’s financial market infrastructure and its clients to the new digital economy. In this role, Gaur aims to dedicate energy to bridging traditional finance and emerging decentralized finance with concepts around enterprise-grade digital-asset custody, risk-model frameworks, tokenization of traditional assets, and fund structures to transform and modernize the market infrastructure with a vast partner ecosystem. Nitin Gaur also serves as the CTO and co-founder at Portal Asset Management, an acclaimed crypto hedge fund. He is also the co-host of the “Beyond Bitcoin” podcast, which offers deep insights into the evolution and adoption of digital assets across industries.

In his previous role, Nitin Gaur served as Managing Director at State Street and was the founder and Director of IBM Digital Asset Labs – committed to devising industry standards and use cases and working towards making blockchain for enterprise a reality. In parallel, Gaur also served as CTO of IBM World Wire – a cross-border payment solution utilizing digital assets. He also founded IBM Blockchain Labs and led the effort to establish blockchain practices for the enterprise. Prior to this role, Gaur was working in the capacity of CTO, IBM Mobile Payments, and Enterprise Mobile Solutions. Gaur holds an MS in Management Information Systems and an MBA in Finance from The University of Maryland. He was also appointed as an IBM Distinguished Engineer and was recognized as a Master Inventor with a rich patent portfolio.

About Kadena

Kadena, a blockchain technology company founded in 2017 by Stuart Popejoy and Will Martino, who created JP Morgan’s first blockchain and led the SEC’s Crypto Committee, stands as the industry’s only scalable layer-1 Proof of Work (PoW) blockchain. This unique scalability enables Kadena to deliver infrastructure-grade performance for any blockchain project. Along with our smart contract language Pact, Kadena’s platform provides the world with the tools and environment to turn ideas and ambitions into reality, paving the way for true blockchain mass adoption.

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Kadena Discord

Contact Information
Kadena Press
press@kadena.io

SOURCE: Kadena

Anthony Scaramucci and Blockchain Founders Fund Lead TDMM’s Strategic Round, Setting Stage for $75 Million Round

Delhi, India, June 26, 2024 – (ACN Newswire) – TradeDog Market Management (TDMM), a global leader in crypto trading with over $10 billion in trading volume, has secured investment from prominent venture capital firm Blockchain Founders Fund (BFF) and renowned Wall Street investor Anthony Scaramucci. This joint investment signifies the collective confidence in TDMM’s innovative approach to crypto trading and its potential to become a major player in the global crypto space.

TradeDog Market Manager (TDMM) announces its seed round fundraiser after successfully closing a strategic round for select VCs with a large Token portfolio led by Blockchain Founders Fund (BFF) and Anthony Scaramucci, SkyBridge Capital.

Key Highlights

TDMM’s pioneering institutional-grade crypto trading solutions now have a powerful validation for institutional investors and their existing clients.
This strategic investment fuels TDMM’s ambitious growth and investment plans. The capital influx will be instrumental in securing strategic investments in Token Startups and Enterprises.
The partnership with BFF and Mr Scaramucci grants TDMM access to invaluable expertise and a vast network within the blockchain industry and traditional finance.

TDMM is a leading crypto market-making solutions provider, offering comprehensive yield and exit management services to institutional clients worldwide and liquidity, treasury, and inventory management to token companies. It is integrated with 60+ CEXs and DEXs and manages 100+ assets across 300+ pairs.

“At TDMM, we see our partnership not just as an investment, but as a shared vision for the future of crypto trading,” said Saqr Ereiqat, CEO of TDMM. “We are committed to redefining Token Market Making (MM) by engaging transparently with our clients, providing sophisticated financial services, and the execution, a token needs to thrive and succeed. Together, we aim to revolutionize the landscape of MM and set the golden standard of collaboration and mutual success.”

Ateeq Farooqui, Head of Trading and Co-Founder of TradeDog Group responded, “Gaurav and I started aggressive crypto trading alongside our mining operations in 2015 to mitigate our risk around the mined Coins. We’ve come a long way from there and we are working towards onboarding large institutional capital through our extensive suite of services.”

BFF is a prominent venture capital powerhouse that invests globally in top-tier, early-stage blockchain startups at the seed and pre-seed stages. The fund leverages its extensive industry knowledge and network to empower these companies and drive innovation within the blockchain space. BFF extends beyond traditional financial backing and cultivates a collaborative partnership with its portfolio companies, providing access to a curated network of leading figures in cryptocurrency and traditional finance sectors.

“TDMM is at the forefront of revolutionizing crypto trading with their pioneering solutions. Our investment in TDMM is a testament to our belief in their vision and capabilities. We are excited to support TDMM as they set new industry standards and drive the future of institutional engagement in the digital asset market.” – Aly Madhavji, Managing Partner, Blockchain Founders Fund.

Skybridge Capital is a Multi-Billion Dollar Alternative Investment Fund founded by Anthony Scaramucci, an Investor at Blackrock’s Bitcoin ETF, iShares. He also founded SALT, one of the world’s largest conferences for Fund Allocators and managers. ‘The Mooch’ is a seasoned investor and astute market observer with a blockchain vision. He brings a wealth of experience and a vast network crucial in capitalizing on emerging opportunities with the Institutional Financial world looking to invest in Web3.

As digital assets reshape the global financial markets, TDMM embarks on this new chapter, facilitated by Anthony Scaramucci’s acumen and BFF’s unparalleled experience, to scale new heights and position itself for continued success in the digital asset sector.

About TDMM

TDMM is an established crypto trading firm with solid traction and a thriving ecosystem from TradeDog Group. The company builds scalable liquidity on digital assets, generating over $5 billion in trading volume. With a team of 30+ professionals across 20+ countries, TDMM serves 40+ clients across Defi, GameFi, and Infrastructure.

About Blockchain Founders Fund (BFF)

Blockchain Founders Fund is a leading early-stage (seed and pre-seed) Web3 Venture Capital fund that invests in top-tier founders globally. Its backers include a strategic mix of the leading crypto and traditional finance firms.

BFF invests in highly promising startups, focusing on go-to-market strategies and taking a hands-on approach to driving value. BFF helps curate strategic partnerships, hire talent, accelerate growth, and ensure portfolio founders are well-capitalized. Their team comprises builders and operators who have scaled many leading Blockchain startups and are on a mission to support all-star teams shaping the Web3 industry.

About Anthony Scaramucci

Anthony Scaramucci, a luminary in investment circles, brings a wealth of experience in traditional finance and the burgeoning blockchain sector. Anthony is a prominent figure in the investment community and is mainly known for his strategic blockchain investments. His firm is at the forefront of incorporating blockchain technology into traditional finance, managing a diverse portfolio of digital assets.

Media contact:
Plato Data Intelligence
Zephyr@platodata.io

$220 Million Worth of Invoices Tokenized as RWAs on ICP Through InvoiceMate

DUBAI, UAE, June 26, 2024 – (ACN Newswire) – The Internet Computer (ICP) blockchain has successfully tokenized more than $220 million worth of invoices in collaboration with InvoiceMate, a leading platform for invoice tokenization recognized by Deloitte. This achievement marks a significant advancement in decentralized finance (DeFi) and highlights the transformative potential of ICP’s blockchain technology in real-world assets (RWAs).

ICP’s decentralized network, known for its scalability, security, and interoperability, is the key driver of its success. Its innovative architecture provides an ideal ecosystem for the tokenization of real-world assets, revolutionizing traditional finance. Over 1,850 businesses have benefited, with more than 101,000 invoices tokenized, demonstrating ICP’s capacity to handle large-scale financial processes efficiently and securely.

InvoiceMate, in partnership with ICP, transforms traditional invoices into digital assets, empowering SMEs globally. “InvoiceMate is proud to collaborate with ICP in tokenizing over $220 million worth of invoices,” said Muhammad Ibrahim, head of Web3 and innovation at InvoiceMate. “This milestone underscores our commitment to driving innovation in finance and empowering businesses of all sizes.”

Supported by the Dfinity Foundation, ICP is a decentralized network protocol that revolutionizes the internet by providing a scalable, secure, and interoperable platform for blockchain-based applications. Its architecture allows for the seamless tokenization of real-world assets, unlocking new possibilities for DeFi and financial inclusion.

About InvoiceMate

InvoiceMate is the decentralized infrastructure for invoice financing that connects conventional businesses with Web3 investors via invoices as RWAs. With a focus on innovation and transparency, InvoiceMate leverages blockchain technology to revolutionize traditional finance and drive sustainable growth for SMEs worldwide. For more information, visit invoicemate.tech.

For media inquiries, please contact:
Muhammad Salman Anjum
salman@invoicemate.tech

SUMMER WEB3FEST 2024: A Resounding Success and a Glimpse into the Future

Crypto Valley, Switzerland, June 21, 2024 – (ACN Newswire) – The Swiss WEB3FEST 2024 has concluded with outstanding success, setting new benchmarks in the world of blockchain and WEB3 innovation. From June 5-13, 2024, the event brought together an impressive 4500 attendees, 200 speakers, and 50 exhibitors across 28 events. Some highlights of the festival was the participation of Edward Snowden and the Crypto Valley Visionaries list, honoring the pioneers and innovators of the blockchain space. This year’s festival was embedded around the pivotal Crypto Valley Conference in Switzerland, combining several ecosystems and welcoming both national and international guests and speakers from all over the world.

Event Highlights:

One of the major highlights of the Swiss WEB3FEST 2024 was the fireside chat with Edward Snowden and Brittany Kaiser at SHED Zug. Snowden, the world-famous whistleblower, joined via video link for a 2-hour discussion on Friday and a 30-minute keynote at the Unconference on Saturday. He discussed data sovereignty, digital privacy, and the role of blockchain in decentralizing power and enhancing privacy. Snowden emphasized, “Not individuals, but large tech companies and state authorities now possess the right to privacy,” highlighting the critical need for blockchain technology in protecting digital rights. This session offered unique insights from two leading figures in the realm of digital security.

Additionally, the Unconference, held at the FIVE Hotel in Zurich, was another standout with six different areas, each with its own stage,agenda and presenting projects. This dynamic setup fostered in-depth discussions and hands-on experiences across AI, NFTs, the metaverse, gaming, finance, tokenization, and more on the Web3 space.

Lastly, the Sustainability Day, co-hosted by DFINITY, was another impactful day in which industry leaders showcased their initiatives towards a greener future.. This event underscored the importance of green blockchain initiatives and sustainable corporate practices, emphasizing the positive impact of blockchain technology on the environment.

Recap of Key Sessions:

Investor Brunch: Partnered by Animoca Brands, VNTR and Outlier Ventures, this event set the stage for impactful discussions on investment and innovation in the WEB3 space.
Protocol Roundtable: An exclusive luncheon for layer-1 blockchain leaders, fostering collaboration and networking.
Future of Protocols Sessions: Engaging keynotes and panels featuring industry leaders like Mihai Alisie (Akasha), Dominic Williams (DFINITY), and Lily Liu (Solana Foundation).
Corporate Innovation Day: A summit focusing on blockchain’s transformative effects on finance, impact, and consumer engagement, held at Decentral House in Geneva.

Looking Ahead:

The success of the third edition of the Swiss WEB3FEST sets the stage for future editions around the globe. We are excited to announce the UAE WEB3FEST, scheduled for October 2024, and the second Swiss WEB3FEST Winter Edition in January 2025. The upcoming events will continue to drive innovation, collaboration, and growth in the global WEB3 ecosystem, while demonstrating their impact and contribution to attendees

Join the next editions and contribute to reshape the future of WEB3

Whether you are a tech veteran or a curious newcomer, there is something for everyone at the WEB3FEST.

For more information on tickets, participation, or sponsorship opportunities, please visit www.web3fest.ch

Some example material from our event-series, reach out to us if you have specific needs.

About WEB3FEST

WEB3FEST is a biannual series of events designed to showcase the core themes of WEB3, shaping the future of the internet’s next generation. It covers a comprehensive range of topics such as AI, blockchain, digital assets, cryptocurrencies, gaming, sustainability, IoT, metaverse, NFTs, and more. The festival offers a platform to foster innovation, advance networking, and engage with the latest technological advancements, making it a must-attend event in the global tech calendar.

About Crypto Valley

Located in Switzerland and Liechtenstein, Crypto Valley is one of the world’s leading ecosystems for blockchain and cryptographic technologies. It is a thriving hub of innovation and collaboration, attracting entrepreneurs, tech enthusiasts, and global leaders looking to reshape industries and revolutionize business practices.

About Crypto Oasis

The Crypto Oasis is the largest WEB3 ecosystem in the world focused on the Middle East and Africa region and is supported by initiators of the Crypto Valley Switzerland. The core elements needed for its development are Talent, Capital, and Infrastructure. The Ecosystem’s stakeholders include Investors & Collectors, Start-Ups & Projects, Corporates, Education & Research Institutions, Service Providers, and Government Entities & Associations. Crypto Oasis is the leading Blockchain ecosystem in the world. Today it is the fastest growing, with more than 2,040 blockchain-related organisations in the UAE alone.

Swiss NFT Association

The Swiss NFT Association is the go-to educational hub for NFT expertise and thought leadership. The Association serves as a knowledge space; it is the primary resource for all matters concerning NFTs, actively curating quality content and building a thriving community.

Contact:
Inacta Ventures Press Office
Pascal Arnold
pascal.arnold@inacta.ch

GDA Capital & Coinweb Launch The Next Top Blockchain Startup Competition with a $200k+ Prize Pool to Fuel Innovation and Growth in Web3

ONTARIO, CA, June 20, 2024 – (ACN Newswire) – GDA Capital and Coinweb are excited to launch the “Next Top Blockchain Startup” Competition for Summer 2024, and with multiple developer tracks from blockchain infrastructure partners. The competition boasts an impressive prize pool of $200,000 USD, with more prizes likely to be secured leading up to the event. Over the four weeks of July, entrepreneurs will benefit from an educational program designed to build thriving businesses and will have the opportunity to secure vital funding by pitching their business in a live case competition setting.

The Next Top Blockchain Startup represents a route for new development teams to gain not only funding but also exposure to essential industry relationships and educational content. It is supported by leading protocols, organizations, investors, and a broad network of mentors from academia, enterprises and developer communities from all over the world.

“Guiding the next generation of blockchain entrepreneurs from ideation to realization is more than a mission; it’s a necessity for the industry’s evolution. GDA Capital is proud to be at the forefront of this transformative journey, and to host this initiative that I wish existed while I was at university, and was looking to get more immersed into the international blockchain community” states Michael Gord, Founder and CEO of GDA Capital.

“It is events like these that truly push the industry forward. We at Coinweb are eager to showcase the untapped potential residing within our community, setting the stage for the natural evolution of the internet,” says Toby Gilbert, Co-Founder & CEO of Coinweb Labs. Coinweb Labs, the core contributor of The Coinweb Protocol, the Layer 2 cross-chain protocol, has recently announced a $10M grant for startups building on the platform and has offered a portion of this grant to fuel the event.

This year’s competition revitalizes the industry challenge segment with exhilarating new tracks led by forefront companies in the blockchain space:

Interoperability by Coinweb
Decentralized Cybersecurity by Naoris
Revolutionary Asset Management with the ERC-7621 Basket Token Standard by Alvara Protocol
Web3 Competitive Gaming by Moxy
AI Future by a global AI Web3 Launchpad
POGE (Proof Of Green Energy) Mining/Blockchain by SolarX

The Next Top Blockchain Startup competition has also partnered with key institutions within the blockchain space, including the Blockchain Education Network, one of the most established bridges between top universities and the Web3 industry. The focus on partnering with these institutions is to bring participation from the brightest young minds around the world, and to inspire the next generation of builders to focus on building web3 applications.

To get involved in this competition as a participant, sign up for free on Devpost.

To get involved as mentor, judge, business partner, sponsor, or investor, reach out to info@nexttopblockchainstartup.com, or directly on twitter.

About GDA Capital

GDA Capital is a leading provider of digital asset investment and capital markets advisory services, specializing in global go-to-market strategies, investor relations, corporate development, community building, and tokenomics. With a team experienced in bringing new technologies to market, GDA Capital plays a significant role in the global digital asset ecosystem.

About Coinweb

The Coinweb Protocol is a groundbreaking Layer 2 cross-chain computation platform that uniquely combines Scalability with Interoperability, setting new standards in the blockchain industry. It enables the seamless operation of decentralized applications across multiple blockchains, effectively merging them into a unified ecosystem.

Source: GDA.Capital

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Zephyr@platodata.io

Node Sale KYC Solidifies Blockpass’ Tagline as The Safe Network for Crypto(TM)

HONG KONG, June 14, 2024 – (ACN Newswire) – Blockpass is excited to reveal a brand new solution that is being offered to Web3 companies who are utilizing the potential offered by node sales. Running a node sale is an increasingly popular method for developing modular blockchains and Blockpass is now providing an extensive KYC solution customized to meet the specific demands required by node sales.

Blockpass, the Safe Network for Crypto™, has pioneered reusable identities and crypto-native KYC/AML solutions. Its turnkey suite of compliance tools is designed to lower onboarding costs, automate remediation, prove humanity and protect against malicious actors, fraudulent activities, bots, and AI. Businesses can set up services quickly, test them for free, and start verifying users. With around one million verified identity profiles, Blockpass facilitates instant onboarding, and to date over a thousand businesses have taken advantage of this opportunity to benefit from Blockpass’ compliant network. More information about Blockpass’ Node Sale KYC solution is available at https://www.blockpass.org/node-sale-kyc/.

Node sales involve issuers pre-selling license keys to the community and investor base, usually in the form of an NFT. After the sale is complete, users have to undergo a KYC/KYB process to have the NFT issued to their wallet as a license key which then allows the node operator to start validating transactions and receiving mining rewards. Now with this comprehensive KYC solution, specifically designed for node sales, Blockpass simplifies the compliance process involved in this, ensuring that all participants are verified and meet the necessary regulatory requirements with ease and efficiency. Compliance requirements vary based on the issuer’s jurisdiction and Blockpass is ideally placed to navigate these with years of compliance experience and consistent monitoring of regulatory updates. Some projects may have separate workflows for individuals or companies from high-risk jurisdictions to assess the source of funds, source of wealth, or other Enhanced Due Diligence methods. Blockpass is perfectly situated to cater for these aspects of node sales without issue.

“Crypto and blockchain continue to develop and at Blockpass we make sure to be ahead of the curve when it comes to both ecosystem changes and government-enforced regulations,” said Adam Vaziri, Blockpass CEO. “Methods of funding development are crucial for the brilliant minds who continue to innovate in this space and we’re here to make sure that they can do so in a legitimate, safe and efficient manner.”

Blockpass has already begun providing this exciting new service to businesses at the cutting edge of blockchain development. By integrating this new solution crypto companies are able to avoid falling foul of compliance guidelines and bad actors, and the ecosystem can expand free from the risk of fraud. You can find out more about Node Sale KYC at https://www.blockpass.org/node-sale-kyc/.

About Blockpass

Ditch tedious onboarding and say hello to seamless compliance with Blockpass, the ultimate turnkey solution for KYC, KYB, and AML. Experience the market’s most efficient and cost-effective compliance suite, built by seasoned compliance veterans and crypto-natives. Automate compliance processes, eradicate fraud, and onboard globally with confidence. Verify businesses worldwide, launch bank-grade verification for your organization, and instantly activate compliant KYC/AML for DeFi, exchanges, token launchpads, NFT mintings and beyond. Through Blockpass’ decentralized network of a million pre-verified crypto-enthusiasts and a thousand pre-verified businesses, you can expand your reach effortlessly. Leverage Advanced KYC Bot™ for intelligent remediation, On-Chain KYC® for data-free anonymity, and Unhosted Wallet KYC™ to meet Crypto Travel Rule regulations. Join Animoca Brands, Cardano, Polygon, Chainlink, Delta Exchange, National Geographic, TinyTap, Seedify, ChainGPT, Iskra and many more in partnering with Blockpass – The Safe Network for Crypto™ – for compliance you can trust, growth you can accelerate and an experience you can enjoy. Join the cutting edge of secure, streamlined onboardings.

Learn more and engage the Blockpass team:
Website: http://www.blockpass.org
Email: sales@blockpass.org