Digital Finance & Stablecoin - Monex Group is considering launching a yen-pegged stablecoin to keep pace in digital finance [1] Industry Trend - Chairman Oki Matsumoto cites the need to keep pace in digital finance [1]

Overview - ArtGis Finance is connecting traditional finance and digital finance using blockchain and AI [1] - The company is transforming liquidity solutions for a $120 trillion market [1] Services - ArtGis Finance facilitates cross-border payments with Visa & Mastercard [1] - The company is involved in Real World Asset (RWA) tokenization [1]

Summary of Key Points from the Conference Call on Stablecoins in Hong Kong Industry Overview - The focus of the conference call is on the stablecoin market in Hong Kong, which is experiencing significant excitement and regulatory developments [2][10]. Market Size and Growth - The global market cap for stablecoins exceeds USD 262 billion, with USD-pegged stablecoins dominating the market [3][13]. - In Hong Kong, converting just 1% of HKD deposits into stablecoins could imply a market cap of approximately USD 11 billion [3][15]. - The stablecoin market has grown at a CAGR of 135% from USD 0.9 billion in 2019 to over USD 262 billion, representing about 6.5% of the total crypto market [13]. Unique Opportunities in Hong Kong - Hong Kong's financial sector is deeply linked with international and mainland China markets, presenting unique opportunities for stablecoins, especially in cross-border transactions [4][22]. - Strong Southbound wealth inflows since 2024 indicate a growing interest in overseas asset allocation by mainland investors [22]. Regulatory Framework - The Hong Kong Monetary Authority (HKMA) is establishing a licensing regime for stablecoins, aiming to regulate the ecosystem before it becomes large [5][30]. - The HKMA's approach is informed by past experiences with digital banks, which have struggled to achieve profitability [35][39]. - The Stablecoins Bill aims to enhance reserve asset management, risk management, and fraud detection [32]. Impact on Banks - Widespread adoption of stablecoins could lead to new products and lower operating costs for banks, but it may also pressure their deposit bases due to dis-intermediation [6][39]. - The HKMA has authorized 22 banks to distribute digital asset-related products, indicating a growing integration of stablecoins into the banking system [39]. Future Developments - The first stablecoin licenses are expected to be approved in early 2026, with a focus on larger companies with proven use cases [7][52]. - The regulatory stance from Beijing regarding RMB stablecoins will significantly influence Hong Kong's engagement in the stablecoin market [7][52]. Notable Companies and Stock Movements - Several Hong Kong-listed companies have seen significant stock price movements related to stablecoin announcements, including Goutai Haitong Securities (up 66%) and Standard Chartered (up 20%) [21]. - The ecosystem includes participation from various sectors, including big tech, banks, and telecommunications companies [19]. Risks and Challenges - The HKMA has highlighted that many stablecoin proposals remain conceptual and lack practical use cases [24]. - Concerns about capital flight and financial instability persist, particularly regarding the promotion of the e-CNY [23]. Conclusion - The stablecoin market in Hong Kong is poised for growth, driven by regulatory support and unique market opportunities. However, potential risks and challenges must be navigated carefully as the ecosystem develops [54].

20 August 2025 Digital assets in Hong Kong Equities Why do stablecoins matter? Five FAQs Hong Kong Stablecoins in the spotlight. There is a lot of excitement over stablecoins in Hong Kong with some related stocks surging in recent months. The HKMA is going early with a regulatory framework, just like it did for digital banks five years ago. While it is too early to answer how big stablecoins could get, they could change the banking system. We answer five questions about the market now, future potential, and ...

三是创新力强，候选人积极投身培育长期耐心资本、推动金融高水平开放等前沿实践，以实际行动 书写科技金融、绿色金融、普惠金融、养老金融、数字金融"五篇大文章"。 本届评选采用自主报名、推举委员会提名，媒体评审、网络投票、专家评审相结合的方式。后续将 综合媒体评审、网络投票与专家评审意见，评出本年度奖项。评选结果将于2025年9月揭晓。 一是覆盖面广，除银行、证券、保险、信托、期货、公募基金、私募基金、交易所、金融租赁等传 统领域外，绿色金融、金融信息等新兴业态代表也积极参与； 二是国际范足，候选人中不乏外籍金融专业人士，或具有丰富境外金融机构工作经验者，在"一带 一路"、自贸区金融服务、跨境金融基础设施建设等领域持续深耕； 8月20日，第十四届"沪上金融家"评选启动媒体评审，来自50家主流媒体和专业媒体的财经记者对 参选人进行了投票。据悉，本届评选设立"上海国际金融中心建设年度人物""沪上金融行业领军人 物""沪上金融行业创新人物"三个奖项，参评者原则上须来自持牌金融机构，全职在上海工作不少于2 年。 强大的金融人才队伍是金融强国应具备的关键核心金融要素之一。2024年新修订的《上海市推进国 际金融中心建设条例》 ...

Core Viewpoint - The 14th "Shanghai Financial Talent" selection has been launched, emphasizing the importance of a strong financial talent pool for building a financial powerhouse [1][2] Group 1: Event Overview - The selection attracted nearly 100 financial professionals, with three awards established: "Annual Person of the Shanghai International Financial Center Construction," "Leading Figures in Shanghai's Financial Industry," and "Innovative Figures in Shanghai's Financial Industry" [1] - Participants must be from licensed financial institutions and have worked full-time in Shanghai for at least two years [1] Group 2: Talent Characteristics - The candidates exhibit three distinct characteristics: broad coverage across traditional and emerging financial sectors, international representation including foreign financial professionals, and strong innovation capabilities in areas like green finance and digital finance [2] - The selection process combines self-nomination, committee recommendations, media reviews, online voting, and expert evaluations, with results to be announced in September 2025 [2] Group 3: Historical Context - The "Shanghai Financial Talent" selection has been held for thirteen consecutive years, with over 200 financial talents recognized, significantly enhancing Shanghai's international financial center's soft power and cultural atmosphere [2]

🎦 From #SustainableFinanceEU and Market Data to Fund Management and #DigitalFinanceEU, we covered a wide range of topics over the past months in our webinars, hearings, and workshops.📂 Explore the slides and recordings → https://t.co/UNuxBGiaqP ...

If you have been watching the channel for quite some time, then you already know how big Quant or aka Q& is going to be. And in terms of what Quant is doing and what they're trying to achieve, I kind of put them right next to Ripple in this space. Because again, they're both kind of building towards the same exact future. A lot of people actually compare XRP to Q& quite often. And I always say, why are we comparing these two? Why are we not branching them into the same group of you know projects that are tr ...

Financial Data and Key Metrics Changes - Non-GAAP net sales increased by 10% year-over-year to $119.6 million, driven by strong domestic demand from traditional banks and fintechs [12][21] - Pro forma adjusted EBITDA rose by 26% to $46.3 million for the quarter, reflecting organic revenue growth and early operational efficiencies from the Composecure operating system [12][22] - Non-GAAP gross margin improved to 57.5% compared to 51.6% in the prior year, attributed to better manufacturing efficiencies and a favorable product mix [21][22] - Adjusted net income was $28.4 million, up from $24.2 million in the previous year, with adjusted diluted EPS increasing to $0.25 from $0.23 [24] Business Line Data and Key Metrics Changes - Domestic net sales for Composecure Holdings grew by 22% to $104.3 million, while international net sales declined by 35% to $15.3 million [24] - The company is seeing strong activity around premium upgrade cycles and card program refreshes, indicating a robust demand for metal cards [13][14] Market Data and Key Metrics Changes - Metal cards represent less than 1% penetration of the total payment card market, indicating significant growth potential [7] - The market for payment cards is estimated at over 4 billion cards shipped annually, with increasing consumer demand for premium offerings [16][56] Company Strategy and Development Direction - The company is focused on building a high-performance culture through the implementation of the Composecure operating system, which aims to enhance operational efficiency and accountability [14][15] - Investments in talent and manufacturing capabilities are prioritized to support long-term growth and scalability [15] - The company is optimistic about the future, believing that the addressable market opportunity for premium payment products and digital asset solutions is substantial [26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of metal cards and the effectiveness of the Composecure operating system in driving performance improvements [8][9] - The company raised its full-year guidance for non-GAAP net sales to approximately $455 million and pro forma adjusted EBITDA to about $158 million, reflecting ongoing commercial momentum [12][26] Other Important Information - The company is undergoing a transition in accounting due to the spin-off of Resolute Holdings, which affects how financial results are reported [5][20] - The management fee paid to Resolute Holdings is included in the non-GAAP financial measures, which are used for better understanding of operational performance [5][22] Q&A Session Summary Question: Inquiry about new and refreshed products and their impact on results - Management indicated that the timing of orders for new products typically ranges from one to two quarters ahead, depending on the size of the program [29][30] Question: Factors driving confidence in investment and market conditions - Management highlighted organic growth and operational improvements as key factors contributing to increased confidence in the investment [32][34] Question: Commercial momentum and expectations for the second half of the year - Management does not view the strong Q2 results as a pull forward but expects continued momentum throughout the year [38][39] Question: Margin profile of new launches - Management noted that improvements in gross margin are attributed to the operational efficiencies from the Composecure operating system [40][41] Question: Operational changes and future efficiency potential - Management discussed ongoing operational improvements across all functions, emphasizing the potential for further efficiency gains in the coming months [46][48] Question: M&A pipeline and valuation of Resolute Holdings - Management confirmed a robust M&A pipeline but did not disclose specific details on ongoing diligence [50][51] Question: Pipeline for relaunches of existing metal card offerings - Management expressed optimism about the competitive landscape in the premium card market, which is expected to drive future growth [56][57] Question: Opportunities in the crypto space - Management highlighted the exciting opportunities presented by major exchanges rolling out card offerings and the integration of stablecoins [58][59]

Company Overview - Fundamental Global Inc. will be renamed FG Nexus Inc. and will change its Nasdaq symbols to FGNX and FGNXP [2] - The company aims to become the largest corporate holder of Ethereum (ETH) globally [13] Financial Milestone - FG Nexus successfully closed a $200 million private placement, marking a significant milestone in its transition to a premier Ethereum-focused company [2][4] - The offering included 40 million prefunded common stock warrants priced at $5.00 each, attracting participation from notable investors such as Galaxy Digital and Kraken [3] Strategic Focus - The net proceeds from the private placement will be used to accelerate FG Nexus's Ethereum acquisition strategy, targeting a 10% stake in the Ethereum Network [4] - The company plans to establish ETH as its primary treasury reserve asset, capitalizing on Ethereum's role in digital finance and as a settlement layer for stablecoins and DeFi protocols [4] Management Team - Maja Vujinovic, an early blockchain pioneer, has been appointed as CEO of Digital Assets, leading the company's digital asset strategy [6] - The management team includes Theodore Rosenthal, President of Digital Assets, and Jose Vargas, Head of Business Development, both of whom bring extensive experience in finance and digital assets [7][8] Value Proposition - FG Nexus aims to create multiple value drivers beyond ETH price appreciation, including staking rewards and access to tokenized real-world asset opportunities [4] - The company is focused on establishing institutional standards for Ethereum treasury management, promoting a sustainable model that benefits shareholders and the Ethereum network [5]