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Advancing Private Credit with On-Chain Rails
Yahoo Finance· 2025-09-24 15:57
Core Insights - Private credit, particularly asset-backed finance (ABF), is a rapidly growing sector in global finance, currently valued at $6.1 trillion with an addressable market exceeding $20 trillion [1] - The industry is characterized by inefficiencies due to reliance on traditional management methods, leading to increased operational costs and cash drag [2][5] Industry Overview - ABF differs from corporate credit as it relies on the cash flows of underlying assets rather than the borrower's balance sheet, necessitating bespoke facilities for originators [3] - Originators face challenges with thousands of loan requests monthly, but capital often remains idle, resulting in cash drag and reliance on expensive equity to bridge funding gaps [4] Technological Transformation - A significant shift is occurring in ABF, driven by blockchain technology and programmable finance, which promises to enhance infrastructure and reduce costs [6] - New entrants can leverage programmable credit facilities and stablecoin rails to streamline origination and funding processes, thereby eliminating cash drag [7] Market Implications - The adoption of on-chain infrastructure allows large managers to reduce operational inefficiencies while enabling smaller funds and family offices to participate without extensive staffing [8] - The integration of blockchain technology in ABF is addressing existing frictions and capitalizing on the expanding market opportunity, particularly in the context of renewed interest in crypto and stablecoin issuance [9]
NextGen Digital Platforms Inc. Announces Filing of Listing Statement for Change of Business
Globenewswire· 2025-09-24 15:44
Core Viewpoint - NextGen Digital Platforms Inc. has received conditional approval from the Canadian Securities Exchange to expand its business into the digital asset ecosystem and implement a cryptocurrency treasury management strategy, pending shareholder approval [1][2]. Group 1: Change of Business - The proposed Change of Business involves the company's transition into the digital asset ecosystem and the implementation of a cryptocurrency treasury management strategy [1]. - A CSE Form 2A – Listing Statement has been filed, detailing the Change of Business, which is also accessible on the company's SEDAR+ profile [2]. - The Change of Business is still subject to final approval from the CSE [2]. Group 2: Company Overview - NextGen Digital Platforms Inc. is a publicly listed fintech and digital asset company that offers investors exposure to a diversified portfolio of Web3 technologies, blockchain infrastructure, and digital assets [4]. - The company focuses on developing innovative financial structures that align with decentralized finance while emphasizing transparency, regulatory compliance, and shareholder value creation [4]. - NextGen operates PCSections.com, an e-commerce platform, and a hardware-as-a-service business supporting the artificial intelligence sector, known as Cloud AI hosting [4].
CZ, YZi Labs Refute Report of Opening $10B Investment Company to External Investors
Yahoo Finance· 2025-09-24 15:12
Core Viewpoint - Binance co-founder Changpeng "CZ" Zhao has denied a Financial Times report suggesting that YZi Labs is open to external investors, labeling it as "false news" and asserting that YZi Labs is not raising external funds [1][2]. Group 1: YZi Labs and External Funding - The Financial Times report claimed that YZi Labs, which was rebranded from Binance Labs, is considering converting into an investment fund [2]. - Both Zhao and YZi Labs head Ella Zhang have refuted the report, stating there are no plans to raise external limited partner (LP) money [2][3]. Group 2: Zhao's Legal Issues - Zhao criticized the report's portrayal of his 2023 guilty plea, clarifying that it was related to a single violation of the Bank Secrecy Act (BSA) regarding anti-money laundering, rather than criminal charges [2]. Group 3: YZi Labs Structure - YZi Labs distinguishes itself from a traditional family office, focusing on backing high-impact startups in sectors like Web3, AI, and biotech, rather than on estate planning or generational capital preservation [4].
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Avalanche🔺· 2025-09-24 15:00
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Avalanche🔺· 2025-09-24 15:00
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Bitget 成为首家支持单一账户管理四大主流区块链上所有加密货币的交易所
Globenewswire· 2025-09-24 13:57
Core Insights - Bitget has announced a significant upgrade to Bitget Onchain, allowing users to seamlessly trade, stake, and manage millions of on-chain tokens through a single spot account, enhancing its role as a comprehensive portal for decentralized economies [2][4] - The upgrade includes support for four major blockchains: Ethereum, Solana, BSC, and Base, combining the diversity of decentralized markets with the security and reliability of centralized exchanges [2][4] - The introduction of Onchain Signals, an AI-driven feature, enables users to track high-quality "smart money" addresses across blockchains, providing real-time token alerts and actionable insights [3][4] Company Overview - Bitget, established in 2018, is a leading global panoramic exchange (UEX) serving over 120 million users across more than 150 countries, focusing on innovative trading solutions [6] - The platform supports multi-chain trading, staking, and payments, connecting to over 20,000 decentralized applications, and offers a non-custodial wallet that accommodates over 130 blockchains and millions of tokens [6] - Bitget has strategic partnerships for cryptocurrency promotion, including collaborations with LaLiga and UNICEF, aiming to provide blockchain education support to 1.1 million people by 2027 [6]
X @Wu Blockchain
Wu Blockchain· 2025-09-24 13:11
CZ on the Frontiers of Web3 and FinTech:At BNB Chain’s 5th anniversary Q&A, Binance founder CZ discussed RWA, DeSci, and on-chain assets. He noted RWA tokenization faces compliance and liquidity hurdles, listed firms rely on intermediaries due to regulation, and DeSci is limited by long research cycles but could take off with a breakthrough. On on-chain assets, he emphasized their role in innovation, with regulatory clarity as the main barrier.Read morehttps://t.co/sUDR3PSEwx ...
GameSquare Announces that Rollbit Expands Record FaZe Clan Esports Sponsorship with Multi-Million Dollar Agreement
Prnewswire· 2025-09-24 12:00
Core Insights - GameSquare Holdings, Inc. has expanded its esports sponsorship deal with Rollbit, increasing annual revenue from $1.75 million to $3.25 million, marking one of the largest partnerships in esports history [1][2][3] Group 1: Partnership Details - The expanded partnership will deepen Rollbit's sponsorship of FaZe Clan's Counter-Strike team, featuring the Rollbit logo prominently on FaZe Clan Esports jerseys [2] - This agreement reflects Rollbit's commitment to the esports sector and its confidence in FaZe Clan's ongoing success [3] Group 2: Financial Impact - GameSquare's Web3 growth strategy has generated over $8 million in new annual revenue during Q3 2025, with expectations for continued revenue contributions from new partnerships [1][3] - The company has also secured additional partnerships, including a $2.0 million deal with Rekt Brands Inc. and a $2.5 million deal with Animecoin Foundation, further enhancing its revenue potential [3] Group 3: Strategic Vision - GameSquare aims to build sustainable, high-growth businesses at the intersection of culture and technology, leveraging its unique platform that integrates esports, media, and Web3 [3] - The company has developed an innovative treasury management program to enhance capital efficiency and generate yield, reinforcing its commitment to dynamic media operations [3]
X @Cointelegraph
Cointelegraph· 2025-09-24 11:54
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