ECXX Secures RMO Sandbox Approval from MAS; to Launch Asset-based Digital Securities Exchange

SINGAPORE, Aug 4, 2020 – (ACN Newswire) – ECXX Global Pte. Ltd. (ECXX), a pioneer in operating a digital asset exchange using blockchain technology, is pleased to announce that it has secured admission from the Monetary Authority of Singapore (MAS) to the Fintech Sandbox Express* under the Recognised Market Operator (RMO) regime.

With the approval, ECXX targets launch of the blockchain-based digital securities exchange platform ecxx.co, which offers various asset-based digital securities such as real estate, private equity, venture capital and investment funds to institutional and accredited non-individual investors.

The tokenisation of assets refers to the process of issuing a blockchain token (specifically, a security token) that digitally represents a real tradable asset (such as real estate) – in many ways similar to the traditional process of securitisation.

These digital securities could represent a share in the ownership of a real estate, a share in the ownership of a company or participation in an investment fund. These digital securities can then be traded on a secondary market.

With its own in-house proprietary system, ECXX has been operating a digital asset exchange that allows both professional traders and retail investors to buy, sell and store digital assets. Its digital exchange platform is integrated with MyInfo, the one-stop Singapore government identity platform. This integration allows seamless Know-Your-Customer checks on members of MyInfo who can log-in to ECXX's digital asset exchange using their SingPass.

ECXX has also applied for a license under the Payment Services Act and once approved, it will be the first exchange in Singapore to offer both digital payment tokens and digital securities under two different platforms.

Led by an experienced management team well versed in digital assets and blockchain ecosystem, ECXX has been backed by prominent venture capital firms CapitalX, Epsilon Investment, Ariki Asia and ChainUp.

In June 2020, Hatten Land announced a proposed investment of US$6 million for a 20% equity stake in ECXX.

Commenting on this milestone, Mr Branson Lee, Chief Executive Officer of ECXX, said: "There are a multitude of applications of blockchain technology within the financial industry, and the tokenisation of assets has the potential to fundamentally change how we invest in assets.

"With S$3.4 trillion of assets under management in Singapore, we aim to utilise the Recognised Market Sandbox admission to develop our securities exchange platform and create asset-based securitised tokens that can be regulated and traded, paving the way for mainstream adoption."

Issued on behalf of ECXX Global Pte. Ltd. by 8PR Asia Pte Ltd.

Media & Investor Contacts:
Mr. Alex TAN
Mobile: +65 9451 5252
Email: alex.tan@8prasia.com

*https://www.mas.gov.sg/development/fintech/sandbox-express


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HKTDC Entrepreneur Day: Start-ups get insights into overcoming challenges

HONG KONG, Jul 30, 2020 – (ACN Newswire) – Local start-ups have been rising to the challenges presented by the COVID-19 pandemic with agility and creativity. This year's HKTDC Entrepreneur Day (E-Day), organised by the Hong Kong Trade Development Council (HKTDC), underwent a transformation in terms of format and content, with a series of seminars broadcast live on 16 and 17 July giving start-ups valuable insights into finding a path forward during this difficult time.



Running under the theme "Revive x Redefine", the 2020 E-Day invited a high-powered panel of speakers to speak at 19 online seminars.


Renowned futurist Gerd Leonhard addressed the "T-Chat: Futurising Your Business: Renaissance from the Age of Digitalisation" seminar and was joined for the discussion by (from left) Karena Belin, CEO & Co-Founder of WHub, Toa Charm, Associate Professor, Business School, the Chinese University of Hong Kong, and Herbert Chia, Venture Partner at Sequoia Capital China.


At the "Revive, Redefine" plenary session, Crystal Pang, Co-founder of Pickupp, shared tips on entrepreneurship and their personal experiences of turning creative ideas into viable business ventures.



Running under the theme "Revive, Redefine", the 2020 E-Day invited a high-powered panel of speakers to speak at 19 online seminars, offering insights into areas such as entrepreneurship, regional opportunities and technological developments to equip start-ups for future challenges. Virtual business matching sessions were also arranged, connecting local start-ups with companies in Japan, Korea, Thailand, Malaysia, Singapore and the United States to help them continue to capture business opportunities amid the current economic adversity.

Insights into the future: four "bigs" and 10 "game changers"

Broadcasting from Switzerland, globally renowned futurist Gerd Leonhard, CEO of The Futures Agency, shared in "T-Chat: Futurising Your Business: Renaissance from the Age of Digitalisation" the trends for entrepreneurship and opportunities for start-ups to thrive in the "new normal". Mr Leonhard explained that there would not be a post-COVID-19 return to normality, and that the new normal would be very different.

The world is undergoing a Great Transformation, he said, with four "bigs" playing a leading role – Big Tech, Big Media, Big State and Big Health. "Technology is everywhere. Without technology, we wouldn't be working from home, we couldn't find new ways to address the crisis. We couldn't analyse all the data. Without the AI (artificial intelligence), we couldn't have early warning systems," Mr Leonhard said. He added that the state helps to figure out how to restart the economy and to support the people, and that healthcare is becoming the number one issue. "We are going to have to put more money, more research into healthcare development and biotechnology," he said, "We all are addicted to the media now because we are at home. Big media is exploding. These four things together have huge opportunities." The result, he said, would be "HellVen", explaining it could be heaven or it could be hell, depending on how it is handled.

The future presents utter uncertainty, Mr Leonhard posited. Businesses needed to abandon traditional, pre-COVID ways of doing things and adapt to the VUCA normal – volatility, uncertainty, complexity and ambiguity. He advised entrepreneurs to flip VUCA and turn around the threats of the pandemic with "velocity, unorthodoxy, co-creation and awesomeness – to respond with speed and come up with new ideas, to work together, and to create solutions that can make a difference."

Technologies are developing extremely fast, and the COVID-19 pandemic is accelerating this further. The crisis and technological potential would drive extremely rapid and very disruptive change, he said, with more progress over the next decade than the world had seen over the previous century.

Mr Leonhard said 10 game-changers would shape developments over the coming decade, with the COVID-19 pandemic accelerating the impetus for change. The first game-changer would be "data everything" – with data as the "new oil", businesses need to have the numbers at hand to go forward. "Lots of start-ups in Hong Kong and all over the world are dealing with data," he said. This leads to the second game-changer – "cloud everything", with vast amounts of data calling for copious storage space. The next game-changer would be "connected everything" – through the Internet of Things (IoT) not just everyone but everything, be it appliances or vehicles, will be connected through the internet.

Another game-changer would be "compute everything", with quantum computers that are virtually unlimited in computing power. The next game-changer is "understand anything", whereby natural language processing will enable us to speak to machines as if they were humans. "Smart everything" will see machine learning greatly increasing the ability of machines and systems to adapt to change. Transactions will join communications as a game-changer, as blockchain technologies greatly expand the scope for, and reliability of, transactions.

Mr Leonhard said another game-changing development that will have great relevance to anyone trading in goods is the distribution of production. Improvements in the scope and quality of 3D printing mean items can be produced anywhere. "We will be able to print anything, from our tennis shoes to our wrist watches," he explained. Massive increases in the power of media technologies will expand the scope of media offerings, enabling people to "see everything" in the future through technologies such as virtual reality – and the current trend for working from home had given this a big boost. Improvements in genetic engineering mean it will be possible to "change anything" – a development that has massive ethical implications.

Panellists who appeared alongside Mr Leonhard at the seminar included Karena Belin, CEO & Co-founder of WHub; Toa Charm, Associate Professor, Business School, the Chinese University of Hong Kong; and Herbert Chia, Venture Partner at Sequoia Capital China. Mr Charm said that many Asian conglomerates rejected technological innovation in the past, and it was only when faced with growing competition that they began to open their doors to change. Referencing the current rapidly transforming business environment, he said: "All Asian conglomerates are opening up their doors to new technologies. They are thinking: 'I don't know about this, but I need it because my shopping malls, my hotels, my properties – nobody goes there to buy now'. I think this presents a golden opportunity for all of us – start-ups and technology companies, and enablers like incubators and accelerators."

In response to a question about leadership and how human skills are becoming more valuable, Mr Chia, said: "At this moment, when talking to a lot of CEOs in the field, I find there's a gap between the knowledge they already have and the knowledge needed to translate a business problem into a technology solution. Or, the other way round, where I have a technology solution, but I don't know what to fix." He believes successful leaders will be those who can bridge this gap and give their companies a clear direction.

Agility and understanding social norms

At the "Revive, Redefine" plenary session, William Ip, Managing Director of Carousell Hong Kong, and Crystal Pang, Co-founder of Pickupp, shared tips on entrepreneurship and their personal experiences of turning creative ideas into viable business ventures.

Mr Ip shared three tips with the audience: be agile, be a good listener and keep your business alive. Quoting celebrated scientist Stephen Hawking, who said that intelligence is the ability to adapt to change, Mr Ip highlighted the importance of agility for start-ups and entrepreneurs, especially in a challenging climate. He said that business drivers will change, and that development teams must be ready to adapt. "Being a start-up, we need to act very quickly and stay very close to the market. Sometimes you make decisions that seems to be correct at the time, but we also have to be prudent, agile, and humble – if that decision doesn't turn out to be the right decision, we need to change quickly," Mr Ip explained.

His second tip was to be a good listener. Businesses have to listen to their target audience and address the needs of the market segment, he said. As the retail sector has been hit hard by the COVID-19 pandemic, Carousell has been leveraging its platform to help small and medium-sized enterprises get online and connect with more customers. Lastly, Mr Ip said the most important goal for start-ups must be to stay alive as a business. Enterprises need to prepare for an uncertain future and think ahead to understand what the world will be like tomorrow.

Ms Pang offered insights into the classic question of how both technology and understanding social norms can be used to improve services. Customers want things cheap, flexible and traceable. She noted that while it is now very inflexible to operate a traditional logistics fleet, crowdsourcing was a viable option. "There is a lot of idle capacity in the city, and a lot of people with downtime," she said. "Students, maybe they work until 3pm then have four or five hours of downtime. Semi-retirees, they are still very healthy and can run around and do neighbourhood deliveries. Are we able to utilise them effectively, as long as there is good technology to trace and do quality control?"

Ms Pang also explained how advanced computerised systems were necessary when employing a more flexible and dynamic delivery system. For Pickupp's platform, thousands of deliveries will go out at any given time, all with different weights and dimensions, which need to be bundled together at the lowest cost.

Creating happiness can lead to growth

Katherine Cheung, Chief Marketing Officer at online education platform Snapask, shared on how the start-up has been able to grow its business in a difficult environment at a seminar titled "From Crisis to Chances: Unleashing Opportunities in Challenging Times". She described online education as "hard to start, harder to win".

With the goal of offering the best online learning experience, the Snapask team conducted in-depth research and ran numerous surveys to identify what would make users happy. They found that an instant experience and instant support were important for online learners, especially during the COVID-19 pandemic. In response, the start-up made one small product change, to move all the fast-responding and always-online tutors to every single page possible whenever users log in so they can offer immediate support. Ms Cheung said that faster matching of students and tutors has resulted in more referrals and retentions, so "creating happiness means growth," she said.

Photo download: https://bit.ly/334i18E

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 trade publications, research reports and digital news channels. For more information, please visit: http://www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Contact:
Please contact Creative Consulting Group or HKTDC's Communications & Public Affairs Department: Creative Consulting Group June Wong Tel: +852 3159 2909 / +852 6986 5822 Email: june.wong@creativegp.com Peggy Mak Tel: +852 3159 2982 / +852 9482 3144 Email: peggy.mak@creativegp.com HKTDC Leslie Ng Tel: +852 2584 4239 Email: leslie.ss.ng@hktdc.org



Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Injective Protocol Raises $2.6M For Decentralized Derivatives Exchange Protocol

NEW YORK, NY, Jul 29, 2020 – (ACN Newswire) – Injective Protocol, a fully decentralized derivatives exchange protocol, has raised $2.6 million dollars in a seed funding round led by Pantera Capital with participation from world renowned institutional investors including QCP's investment arm QCP Soteria, Axia8 Ventures, and OK's strategic investment partner K42.





Injective Protocol aims to solve critical scalability and user experience bottlenecks that trouble decentralized exchanges (DEXs). Beyond providing working capital, the new strategic investors will also provide liquidity solutions for the decentralized exchange as well as support Injective Protocol's business development and market brand recognition internationally.

Paul Veradittakit, Partner at Pantera Capital, commented on Injective Protocol:

"Injective Protocol scalably brings advanced derivatives capabilities to DeFi while being uncompromisingly decentralized. We see Injective as a strong contender to expand DeFi beyond just Ethereum power users and to serve as an integral layer ushering the new dawn of decentralized derivatives."

Selected as one of the eight projects to join the Binance Labs Incubation Program in 2018, Injective Protocol has sought to improve the poor liquidity, high latency and lack of compelling product offerings that characterized decentralized exchanges. Today, Injective Protocol's Layer-2 derivatives exchange protocol provides a fully decentralized, trustless, and front-running resistant exchange protocol that improves the experience of decentralized derivatives trading.

The fresh round of funding arrives in time as the team gears up for mainnet launch and token issuance in the later half of this year.

The disclosed list of investors for the round includes Pantera Capital, QCP Soteria, K42, Axia8 Ventures, Boxone Ventures, Bitlink Capital, BitScale, Krypital Group, The Cabin Capital, and Innovating Capital.

About Injective Protocol

Founded in 2018, Injective Protocol is a fully decentralized, front-running resistant layer-2 decentralized exchange protocol. The protocol is based on the Cosmos-SDK and Ethereum network that integrates a verifiable delay function (VDF) to prevent trade manipulation and front-running. The company was incubated by Binance Labs.

For More Information:
Website: http://www.injectiveprotocol.com
Twitter: https://twitter.com/InjectiveLabs
Medium: http://medium.com/injective-labs/
Telegram: https://t.me/joininjective
Press Contact: contact@injectiveprotocol.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

World Blockchain Hackathon announces The Babylon Project

SAN FRANCISCO, CA, Jul 25, 2020 – (ACN Newswire) – World Blockchain Hackathon announces The Babylon Project, a 3-day virtual blockchain hackathon expected to attract more than 3000 participants and some 200 teams from 50 countries. Babylon lifts off at 7:00 AM PDT on Friday, October 9, 72 hours of magic, concluding with a judging and awards ceremony where winning teams will pitch and raise prizes. Applications for the Babylon Project are open, and will close on September 30.





Babylon, from its history, is what many consider to be the cradle of civilization, the first time a complex societal structure came into existence by bringing together different people under one common vision. The mission of the current Babylon Project is to unite, engage, and empower blockchain builders of all skill levels from around the globe to imagine and create new and never-before-seen blockchain end products.

The broadest vision of the World Blockchain Hackathon is a future ecosystem in which blockchain innovations become the standard backbone for impenetrably secure, fast-moving, intelligent global technologies of all kinds, from private and public industries in finance, healthcare, energy, manufacturing, and telecommunication, to government operations, national defense and beyond.

The World Blockchain Hackathon series has been held for three years running, organized by a team of California blockchain evangelists. Adding to the excitement at this year's Babylon Project Hackathon, the strong potential for hackers' innovations to attract venture capital. "Silicon Valley VC firms and other international investors are actively participating in the judging for the stated purpose of assessing fresh blockchain investments," said Gideon Nweze, founder of the World Blockchain Hackathon collective.

The hackathon is 100% community funded. We're establishing a strong foundation for a decentralized blockchain future through #BUILDING & value creation across the globe. Early partners include Africa Blockchain Institute, BitTemple, Blockchain Acceleration Foundation, Blockchain Chamber of Commerce, GVA Capital, InvestShow, Wiase Capital, UniDAO, Blockchain Center Miami, ChickTech, AIHUB, BlockLeaders, Domineum, XR-Labs, Village and more, as listed on the website.

The Babylon Project is committed to supporting emerging and diverse leadership in the crypto space. 80% of Babylon Project staff are of underrepresented backgrounds, further solidifying the our dedication to amplifying minority voices in the crypto & blockchain community. The Babylon Project is a blockchain protocol agnostic and community focused hackathon. Participation is free and open to organizations with aligned vision.

For more information, please visit https://worldblockchainhackathon.com.
For media accreditation, email babylon@worldblockchainhackathon.com.

World Blockchain Hackathon : Educate, Empower & Elevate!
Jean Lombard | babylon@worldblockchainhackathon.com
Head of Communications | The Babylon Project | October 9 -11, 2020
The Babylon Project : Learning blockchain development skills, building a global developer community.

72 hours of Magic
– The Babylon Project will cover latest Blockchain technologies, research, applications, and development.
– Workshops, panels & mentorship by top experts will help you learn more about this amazing technology.

Prizes, Funding, Networking & Employment Opportunities
– Partner prizes will be won, investors to be spoken to and recruiters looking for global talents.

Solo or Teams, Certificates of Participation
– Single participants can find or create a team in the discord channel before the hackathon starts.
– Participants can attend in teams. A team should have 10 participants (max) & 4 participants (min).
– All participants will receive verifiable and lifelong certificates that will be recorded on a public blockchain.

Mnetors and Partners
– If you are interested in becoming a mentor, partner or sponsor, please feel free to write us.
– Mentorship is an integral part of our hackathon and could change the lives of our attendees.

Diversity and Inclusion
– The Babylon project believes that uniting genders, races, ethnicity, religion, sexual orientation, and/or gender identity will provide a unique experience, and result in breaking barriers in the workplace.

100% free Participation
– Participation is 100% free to all attendees. Applicants must apply at the World Blockchain Hackathon website.
– Selected applicants will receive participation email from us and invitations to join the private Discord channel.
[Tickets from 3rd party websites such as Eventbrite are not valid and do not guarantee participation]


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Geoffrey Weli-Wosu, Founder & CEO of Domineum, accepted into Forbes Business Council

LONDON, Jul 24, 2020 – (ACN Newswire) – Geoffrey Weli-Wosu, founder & CEO of Domineum Blockchain Solutions, founded to assist Governments and Companies to integrate blockchain into their operations, has been accepted into the Forbes Business Council, the foremost growth and networking organization for successful business owners and leaders worldwide.





Geoffrey was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors.

"We are honored to welcome Geoffrey into the community," said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Business Council. "Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally to make an even greater impact on the business world."

As a member of Forbes Business Council, Geoffrey has access to a variety of opportunities designed to help him reach peak professional influence. He will connect and collaborate with other respected local leaders in a private forum and at members-only events. Geoffrey will also be invited to work with a professional editorial team to share his expert insights in original business articles on Forbes.com, and to contribute to published Q&A panels alongside other experts.

"I am honored to be accepted by the prestigious Forbes Business Council. Over the past few years I have admired the contributions the group has made to business communities around the world. As a member I will do my best to continue and expand on this great tradition. And I strongly believe that my participation will help further cement my leadership role in my community and industry. I look forward to a rewarding association with the members and thank them for this expression of confidence."

About Forbes Councils

Forbes Councils is a collective of invitation-only communities created in partnership with Forbes and the expert community builders who founded Young Entrepreneur Council (YEC). In Forbes Councils, exceptional business owners and leaders come together with the people and resources that can help them thrive. To learn more about Forbes Councils, visit forbescouncils.com.

For more information about Domineum Blockchain Solutions, or to enter the discussion, please visit:

Website: https://www.domineum.io
Twitter: https://twitter.com/domineum
LinkedIn: https://www.linkedin.com/company/domineum/
Telegram: https://t.me/domineum

Media Contact:

Geoffrey Weli-Wosu
Domineum Blockchain Solutions
Email: geoffrey.weliwosu@domineum.io
Level39, One Canada Square, Canary Wharf, London, UK


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Inaugural ‘Standard Chartered GBA Business Confidence Index’

HONG KONG, Jul 23, 2020 – (ACN Newswire) – Standard Chartered and Hong Kong Trade Development Council ("HKTDC") released the inaugural "Standard Chartered GBA Business Confidence Index" ("GBAI"), the first forward-looking quarterly survey in the market that looks at the business sentiment and synergistic effects across cities and industries in the Guangdong-Hong Kong-Macao Greater Bay Area ("Greater Bay Area" or "GBA"). The index suggests that respondents expect an evident easing of contractionary pressure in Q3 after a challenging Q2 due to COVID-19 disruptions.





(from left) Kelvin Lau, Senior Economist, Greater China, Standard Chartered and Nicholas Kwan, Director of Research, HKTDC at the online press conference of "Standard Chartered GBA Business Confidence Index".



According to the survey, the GBAI's 'current performance' index for business activity stood at 37.0 for Q2-2020, below the neutral line of 50. This reflects the impact of a COVID-related global recession on the export-oriented region. However, the 'expectations index' stood at a much better 47.0, suggesting an expectation of a broad-based improvement in Q3 versus Q2. In particular, the 'new orders' sub-index stood above the neutral 50 mark, reflecting an optimistic view about the new orders in Q3. Although the GBAI current performance index for credit was at 45.3, the sub-components indicate lower borrowing costs from both banks and non-bank financial institutions as well as improvement in banks' attitude towards lending.

Kelvin Lau, Senior Economist, Greater China, Standard Chartered said: "The survey result indicates that companies in the Greater Bay Area expect a better Q3, likely a reflection of the continued normalisation of activity within China, boosted by aggressive monetary and fiscal policy easing. This pick-up is driven by domestic more than external demand, matching the general perception that China is the first country to begin recovering from COVID-19."

The GBAI also includes industry and city sub-indices – by industry, 'innovation and technology' is expected to improve the fastest, followed by 'financial services'; by city, Guangzhou and Shenzhen are seen to lead the way in the post-COVID rebound, while Hong Kong is seen to lag. Among companies that plan to expand to other GBA cities, Shenzhen, Zhuhai and Hong Kong are the top preferred destinations.

"Shenzhen proved the most resilient in Q2 and is expected to return to economic expansion in Q3 along with Guangzhou. These cities' encouraging performance may be because these finance- and technology-centred cities provide a base for larger companies with greater sustainability and more cash flow. For intra-GBA expansion, Shenzhen and Hong Kong are favourable because they are well-established core cities with high spending power, and Zhuhai is the closest city to Macau and well connected to Hong Kong via the Hong Kong-Zhuhai-Macau Bridge," Mr Lau added.

The GBAI is compiled based on a quarterly survey conducted by the HKTDC in collaboration with Standard Chartered. Every quarter, at least 1,000 enterprises in key business sectors across the Greater Bay Area provide valuable feedback on a range of subjects, including their current business situation and credit conditions as well as their outlook on these subjects for the coming quarter. The survey also asks respondents thematic questions about what drives their business decisions and plans, and how this might shape the Greater Bay Area's future.

Nicholas Kwan, Director of Research, HKTDC, said: "We are seeing strong policy support from the central government for turning the Greater Bay Area into a global business and innovation centre, by expediting infrastructure connectivity, building advanced manufacturing and modern services industries, and developing a high-quality 'living circle'."

"We expect demand for information on this region to continue to ramp up and the GBAI seeks to fulfil this need by offering timely and valuable insights into the region's transformation, which will better equip businesses and policy makers for future planning," Mr Kwan added.

To download the report of the "Standard Chartered GBA Business Confidence Index", please visit the website: https://sc.com/hk/gba/gba-index/.

About Standard Chartered GBA Business Confidence Index

Standard Chartered GBA Business Confidence Index (GBAI) is the first forward-looking quarterly survey in the market that looks at the business sentiment and synergistic effects across cities and industries in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). In collaboration with the Hong Kong Trade Development Council, the GBAI is based on information drawn from quarterly surveys of over 1,000 companies operating in the GBA across different industries, including manufacturing and trading, retail and wholesale, financial services, professional services, and innovation and technology.

The GBAI offers a unique look at a range of subjects in the GBA, including current business situation and credit conditions, and outlooks for the coming quarter. It enables investors and businesses to better understand the current business climate, gauge future performance and formulate their market strategies in the GBA.

About Standard Chartered

We are a leading international banking group, with a presence in 59 of the world's most dynamic markets, and serving clients in a further 85. 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 as well as the Bombay and National Stock Exchanges in India.

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 Twitter, LinkedIn and Facebook.

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 trade publications, research reports and digital news channels. For more information, please visit: http://www.hktdc.com/aboutus.

Contact:
Standard Chartered Bank (Hong Kong) Limited Gabriel Kwan / Daniel Ip Tel: +852 2820 3036 / +852 2820 3871 Email: gabriel.kwan@sc.com / daniel.ip@sc.com Hong Kong Trade Development Council Beatrice Lam Tel: +852 2584 4049 Email: Beatrice.hy.lam@hktdc.org



Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Episode Six Secures $7 Million to Accelerate Global Growth as Demand for Digital Transformation Increases

AUSTIN, TX / ACCESSWIRE, Jul 21, 2020 – (ACN Newswire) – Episode Six, a next-generation financial technology provider, today announced that it has secured $7 million of its Series A funding. The round was led by HSBC and includes investments from Mastercard and SBI Investment Co., Ltd., which first invested in Episode Six through its FinTech Business Innovation Fund in 2017.

"Financial institutions and innovators in other industries like healthcare are beginning to realize the constraints of legacy technology, especially given the increasing demand for new products and streamlined efficiencies," said Episode Six CEO John Mitchell. "We have developed financial technology which, via more than 500 APIs, facilitates that next level of configurability for companies looking to digitize their account and payments infrastructure or launch new products and solutions. We are pleased our investors share the same vision of helping businesses bring their offerings into the future."

In the past year, Episode Six has expanded its footprint in three of the world's largest financial markets – Tokyo, Singapore and London, and rolled out its latest technology enhancements, IONIC and Vertices, which allow for unprecedented flexibility and innovation in creating state-of-the-art, customer-centric financial and payments products. With this new funding, Episode Six will continue to grow and expand globally, delivering enhanced technology that powers digital transformation for companies and institutions in financial services, fintech, health tech and more.

"Episode Six has proven the power of its technology in Asia-Pacific, helping us develop digital wallet propositions to better serve our customers," said Brian McKenney, Chief Innovation Officer of HSBC's Global Liquidity and Cash Management division. "We look forward to exploring opportunities for expanding our product roadmap with Episode Six across other markets in the future."

Jason Lane, Executive Vice President, Market Development Europe at Mastercard noted: "Mastercard is committed to drive the digital economy making lives simple, seamless and secure. Fostering innovative banking services is essential for us to realize this commitment. To that end, we're pleased to support Episode Six in its endeavor to expand its activities in Europe."

Currently, 3 million consumers and businesses use products built using Episode Six technology. DLA Piper, a multinational law firm, served as counsel for the Company's Series A. For more on Episode Six's future-proofed financial technology, visit www.episodesix.com.

About Episode Six

Episode Six provides a next-generation financial technology platform for creating innovative and differentiated financial and payments products for consumers and businesses, enabling financial institutions, fintechs and other innovative companies to serve their customers better. Episode Six was founded by payments pioneers with the mission of redefining what is possible in the financial services and payments industries – industries that are increasingly burdened with inflexible legacy technology, which severely limits product evolution and innovation. Episode Six's proprietary, innovative technology was built from scratch and was architected to be future-proofed. It provides unparalleled product customization and on-demand product management capabilities. It is portable and compatible for use anywhere in the world with easy installation, integration and connection facilitated by an extensive and comprehensive set of APIs. Episode Six makes it possible for companies of all sizes to effortlessly design and manage products that consumers and businesses want and need. For more information, visit www.EpisodeSix.com.

Media Contact:
Michelle Mead
Caliber Corporate Advisers
michelle@calibercorporate.com
(888) 550-6385 ext. 7

SOURCE: Episode Six

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Commodities Intelligence Centre (CIC) introduces international Trade Data and Business Services, partners SBF to drive digital transformation of Singapore SMEs

SINGAPORE, Jul 18, 2020 – (ACN Newswire) – Commodities Intelligence Centre (CIC) today announced a launch of the international version of its web-based business intelligence suite, CIC Data Pro, and Leads Generation Service. CIC will offer the new packages in partnership with the Singapore Business Federation (SBF) to eligible members under the Rising in Support of Enterprises (RISE) Programme. The SBF RISE Programme aims to help Singapore businesses, particularly small- and medium-sized enterprises (SMEs), tide over the challenges following COVID-19, push on with digital transformation efforts and emerge stronger.





CIC Data Pro leverages big data analytics to drive insights from a collection of 1.5 billion records of customs and trade data in a broad range of industry verticals, from manufacturing, import-export, wholesale and logistics to financial services. The data will enable businesses to uncover new market opportunities and identify reliable partners and suppliers from more than 90 countries across Asia, Europe and the Americas. It will provide customised market insights into the trading activities of global companies, and information on counterparties, production specifications and past shipment details.

CIC Data Pro is currently available on the CIC platform, and is part of the suite of solutions offered by CIC to help companies reduce transaction costs, optimise the efficiency of their supply chains across cross-border trading, financing, logistics, compliance and risk management, achieving greater trading synergies globally. More than 40 companies, including global leading supply chain financial company, Linklogis and renowned enterprises have subscribed to take advantage of CIC Data Pro's data services.

Mr Peter Yu, Chief Executive Officer of CIC, said, "Every industry has been impacted by the global spread of Covid-19. Businesses around the world are facing greater risks and challenges with the disruption of production and supply chains coupled with increased uncertainties of customer demand. CIC Data Pro and Lead Generation Service will enable companies to diversify their revenue sources and extend the global reach of their supply chains, building business resilience against the pandemic."

In an effort to double support for Singapore's business community in the covid-19 aftermath, CIC will also on-board GeTS CALISTA Finance with a US$20 million (S$27.8 million) fund for B2B trade finance. This fund will enable businesses and SMEs of the option to use CALISTA Finance to address short-term liquidity challenges, and to fulfil trade financing needs seamlessly, securely, and smartly.

CIC is a joint venture by Singapore digital bank hopeful ZALL Smart Commerce Group, Global eTrade Services (GeTS) and Singapore Exchange (SGX). As Singapore's first physical commodity B2B e-trading platform powered by blockchain, CIC looks to build trade connectivity through digital marketplaces and create a vibrant trading ecosystem in Singapore and beyond. Since launching in October 2018, CIC has achieved a gross merchandise volume of US$12.7 billion (S$17.7 billion), with over 5,000 registered users from Singapore, Malaysia, Indonesia, India and China, among other countries in Asia.

SBF RISE Programme details: https://www.sbf.org.sg/activities/sbf-rise-programme
GeTS CALISTA Finance details: https://globaletrade.services/calistatm-finance
Commodities Intelligence Centre (CIC): https://www.cic-tp.com/en/home

For media enquiries, please contact:
PRecious Communications for ZALL Group
Email: ZALL@preciouscomms.com

From http://www.acnnewswire.com/press-release/english/60296/commodities-intelligence-centre-(cic).

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

TraceSafe Appoints Marcin Samiec as Chief Privacy Officer

TOROLA, BVI, Jul 17, 2020 – (ACN Newswire) – TraceSafe Inc. ("Tracesafe") (CSE:TSF) a global leader in wearable safety tech including contact tracing and self-quarantine management, today announced that it has appointed Marcin Samiec as Chief Privacy Officer and VP of Technology of TraceSafe Technologies Inc.

Samiec is a leading authority in technology and privacy law compliance, with significant experience implementing Privacy and Security by Design into the product development process and business operations while harmonizing the complexities of privacy laws and regulations around the world.

In 2020, TraceSafe has already secured customers or pilot projects in 7 countries and is actively working to expand, and is in discussions with, a number of additional markets crossing a multitude of regional privacy jurisdictions including those governed by GDPR, CCPA, and PIPEDA. With customers stemming from government agencies and institutional organizations such as healthcare and universities, there is an expectation that TraceSafe will be operating at the highest privacy standards in the industry.

The appointment of Marcin Samiec confirms TraceSafe's strategic ambitions and continuing on a trajectory as a world-leading wearable safety tech company by proactively developing comprehensive data guidelines and privacy preserving technologies that promote health and safety. Its solutions can be integrated into other wearables and sensor-based devices to advance health and safety, while enabling businesses, governments, institutions, and venues to move toward a new state of normalcy.

Executive Quote

"We view our privacy-first approach as a key strategic advantage to make sure we are ahead of our competitors and believe having a privacy expert as a core part of our product team will lead to an acceleration of growth," said Dennis Kwan, CEO of Tracesafe Technologies Inc. "We are committed to the privacy of all of our users and Marcin will help ensure that our privacy-first DNA is imprinted into all of our product designs."

"I'm thrilled to join the Product team at TraceSafe leading the implementation of Privacy and Security by Design. As a privacy advocate, my role will be to ensure that the individuals that use our solutions experience the highest standard in privacy and security," said Samiec.

About TraceSafe

TraceSafe is a full suite of real-time location management services and contact tracing solutions enabled through advanced low power bluetooth beacons and enterprise cloud management. TraceSafe's leading cloud management solution ensures both user privacy and comprehensive administrative control. TraceSafe's patented contact tracing bracelet has already been deployed in mission critical quarantine applications around the world in partnership with leading governments. In addition to their government work, TraceSafe is developing leading edge solutions for Enterprise, Healthcare, and large-scale venue management.

For further information, please contact:

Wayne Lloyd, CEO
+1 604 629-9975
wayne@tracesafe.io

Alan Tam, CFO
+1 604 377-7575
alantamca@gmail.com

John Costigan
+1 604 620-8589
jcostigan@ecmbcapital.com

The Canadian Securities Exchange has in no way approved or disapproved the contents of this news release.

Statements in this news release may contain forward-looking statements that are based on Tracesafe's expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to expectations regarding the TRACEsafe assets, future business plans and relationships, future developments in respect of COVID-19 and solutions adopted in response to the virus, the deployment of the Tracesafe technology at additional Boustead sites and the execution of a definitive agreement. Although Tracesafe believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict, including the suitability of our products to help businesses and governments reopen, competition, the spread or containment of COVID-19 and government responses thereto and general economic and market conditions. Therefore, outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. These forward-looking statements speak only as of the date on which they are made, and Tracesafe undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances unless otherwise required to do so by law.

SOURCE: TraceSafe Inc.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

ECOChain Monetary Policy: Stabilizing Market Price with Balanced Quantity

BANGKOK, Jul 17, 2020 – (ACN Newswire) – ECOChain is a decentralized, fast and eco-friendly public chain, with a short block creation time of 32 seconds. At the same time, ECOChain offers high on-chain transactions with speeds of up to 560 transactions per second.





A projection of the near future shows that billions of people will save their wealth in digital assets. There will be strong market potential, and people will get new virtual assets while acquiring the asset chain. ECOChain will cater to this trend that will change the traditional economic market structure and bring an innovative universal service to the new market model.

The younger generation has become the most anticipated "growing giant" in this new blockchain economic inheritance system. The trend exists because the younger age participates in the financial market industry with a more intuitive, more economical, material and spiritual concept. Besides, the plot of the digital asset world and the economy are parallel and tightly integrated.

ECOChain is powered by Ethereum Virtual Machines (EVM), which are optimized for smart contracts. These machines make development easy as they implement Solidity, a language well known to blockchain developers. ECOC, a coin by ECOChain, is based on existing macroeconomic rules, including the quantity theory of money and price stability. ECOChain's team says that the price of a coin goes down when the distribution volume increases at a higher rate than its usefulness. The team also explains that these price variations can be stabilized by balancing the coin quantity.

To achieve a stable and correct monetary policy, ECOChain is considering three main factors. First, they are finding the monetary policy's response time to attain the goal. Next, they are also focusing on the rate of coin circulation. Finally, the ECOChain team is considering the result of the expected rule.

"In the future economic market system development, ECOC aimed to fully explore the advantages of the blockchain and reconstitute the new economic ecosystem by utilizing the traditional economic market system," said an ECOChain representative. "With ECOC's price stabilization, we can achieve a decentralized ecosystem that is reliable, fast, economical, and friendly, and at the same time, more people can realize healthy and reliable market development and incentives."

Ultimately, ECOC's official policy goal is price stability. However, it isn't easy to regulate the price based on the market in the early stages. Also, ECOC must overcome price rigidity. Price rigidity is the phenomenon that prices or exchange rates don't move immediately to the equilibrium point. The reasons include both internal and external factors. The presence of price rigidity means some time is required for current prices to match the equilibrium point. Therefore, ECOC is establishing three monetary regulation measures to achieve the price stability goal;

– PoS consensus staking reward processing in the official account
– Intervention in changing the amount of money in circulation
– Buy or sell directly from the exchange.

Each of the three factors has a different degree of influence on the price and stability of the coin. The first measure is long term, and it sets the expectation for the final total flow of coins. The second measure accounts for the medium quantity, and it forms the hope as the volume changes. The third measure is the most immediate and can change the price immediately to the desired stable point.

The ECOChain team will directly intervene in ECOC's monetary policy to stabilize prices, and the final cap of the coin will be regulated by incineration.

ECOChain announced research in the field of decentralized blockchain oracles, and its coin, ECOC, was newly listed on Bittrex Global, following the MXC and Boboo Exchanges and achieving its third global listing this year.

For more information, please visit:
Official website: https://ecoc.io
Facebook: https://www.facebook.com/EcocBlockchain
Twitter: https://twitter.com/EcocBlockchain
LinkedIn: https://www.linkedin.com/company/ecochain-io/
Telegram: https://t.me/ECOChain_En
Medium: https://medium.com/ecochain-official

Media contact:
Contact: Natthaya
Email: contact@ecoc.io
Phone: +66-2-101-9973
Website: https://ecoc.io/


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com