Core Insights - Shanghai Commercial Bank has partnered with HashKey Exchange to explore the integration of traditional finance with digital assets, marking a significant advancement in Hong Kong's fintech infrastructure [1][3][4] - The collaboration aims to launch one of Asia's first co-branded Visa credit cards that combines banking and digital asset services, featuring a dual rewards program [2][3][5] Company Overview - Shanghai Commercial Bank, established in 1950, is recognized as a prominent local Chinese bank in Hong Kong, serving corporations, SMEs, and high-net-worth individuals through a global network of 50 branches [8][9] - HashKey Exchange is a licensed virtual asset exchange in Hong Kong, compliant with regulatory standards, and aims to provide a secure trading platform for both professional and retail investors [12][13] Strategic Goals - The partnership will create a collaboration model between banks and virtual asset institutions under a robust regulatory framework, enhancing Hong Kong's status as an international financial hub [3][4] - Future cooperation will focus on market infrastructure, product innovation, and risk management to support the sustainable development of Hong Kong's digital finance ecosystem [4][6]

RT Tom Zschach (@TomZschach)I’ll be there next week, speaking about why the next phase of digital finance won’t be driven by promises but by proof.Proof that value can move safely.Proof of compliance, reserves and trust.The future belongs to those who can prove it works. ...

Core Insights - Strategy (NASDAQ:MSTR) has become the first Bitcoin-focused company to receive an S&P credit rating, specifically a B- rating, indicating a significant step towards institutional Bitcoin adoption [1] - The company has launched four structured products, named Strike, Strife, Stride, and Stretch, which offer yields ranging from 8% to 12.5% with different risk profiles [2] - These structured products are tax-efficient, allowing dividends to be treated as a return of capital, enabling investors to defer taxes for up to 10 years, resulting in tax-equivalent yields of 16% to 20% [3] - Long-term Bitcoin price targets set by Saylor include $150,000 by the end of 2025, $1 million within four to eight years, and $20 million over two decades, suggesting an annualized growth rate of approximately 30% [4] - Major U.S. banks, including JPMorgan and Bank of America, are beginning to accept Bitcoin as collateral and may offer Bitcoin custody services by 2026 [5] - Saylor anticipates 2025 to be a pivotal year for the crypto industry, praising pro-crypto policies that support Bitcoin, tokenization, and stablecoins [6] - The Bitcoin treasury model, initially unique to Strategy, is now being adopted by over 250 firms, with expectations for thousands more to follow, akin to early internet adoption [6]

Core Insights - Mastercard is in advanced discussions to acquire stablecoin infrastructure firm Zerohash for between $1.5 billion and $2 billion, indicating a strategic move to enhance its presence in the stablecoin market [1] - The acquisition would follow another potential deal with BVNK, also valued at approximately $2 billion, highlighting the growing interest of traditional financial firms in stablecoin technology [2] - The stablecoin market has seen significant growth, with a market capitalization exceeding $312 billion, and predictions suggest it could reach $750 billion by the end of 2026 [4] Company Developments - Zerohash recently closed a $104 million Series D-2 funding round at a $1 billion valuation, raising a total of $275 million since its inception in 2017 [5] - The company has established partnerships with major financial institutions, including a recent collaboration with Morgan Stanley to enable trading of cryptocurrencies on the E*Trade platform [6][7] - Mastercard's spokesperson has refrained from commenting on the acquisition speculation, maintaining a level of confidentiality around the discussions [2] Industry Trends - The stablecoin sector is experiencing increased activity due to a more favorable political and regulatory environment, including the passage of the GENIUS Act, which provides a framework for stablecoin issuance and trading [3] - There is a growing belief among market participants that the stablecoin market value will exceed $360 billion before February, reflecting optimism in the sector's future [4]

Core Viewpoint - China Harbour International Financial Limited successfully assisted SIGUWORKS in the tokenization and issuance of real world assets (RWA) for its IP brand Puff Koala, marking a significant development in the digital finance sector [1][3]. Group 1: Project Overview - The RWA issuance project is designed around KOALA's IP licensing income rights in Southeast Asia, North America, and Europe, utilizing blockchain technology for tokenization [3]. - The total size of the issuance is in the tens of millions of US dollars, making it the largest IP RWA project in recent times [4]. - The project employs an offshore special purpose vehicle (SPV) structure, with cash flow from underlying assets distributed to token holders via smart contracts, ensuring transparency and automation in profit distribution [4]. Group 2: Company Expertise - China Harbour International specializes in digital financial investment banking and holds multiple licenses from the Securities and Futures Commission of Hong Kong, enabling various financial services [5]. - The company offers comprehensive services in RWA issuance, including asset screening, structural design, legal compliance, and technical implementation, while maintaining close cooperation with leading industry institutions [5]. - China Harbour International has a deep understanding of global regulatory requirements, allowing it to design optimal cross-border issuance solutions for clients [5]. Group 3: Technical Capabilities - The company has developed an asset chain platform with independent intellectual property rights to ensure the authenticity and integrity of underlying asset data [6]. - The platform utilizes IoT devices to collect real-time asset operation data, providing investors with a transparent asset monitoring experience [6].

Core Insights - OppFi Inc. reported a record net income of $75.9 million for Q3 2025, marking a 136.9% increase year over year [1] - Adjusted net income reached $40.7 million, a 41.4% increase year over year, also a company record [1] - Total revenue for Q3 2025 was $155.1 million, up 13.5% from the previous year, setting a new quarterly record [1] - The company raised its full-year revenue guidance to between $590 million and $605 million, and adjusted net income guidance to between $137 million and $142 million [1][21] Financial Performance - For the three months ended September 30, 2025, total revenue was $155.1 million, compared to $136.6 million in 2024, reflecting a 13.5% increase [5] - Net income for the same period was $75.9 million, up from $32.1 million in 2024, a 136.9% increase [5] - Adjusted net income for Q3 2025 was $40.7 million, compared to $28.8 million in Q3 2024, a 41.4% increase [5] - Basic EPS increased to $1.48 from $0.21, a 602.1% rise, while diluted EPS rose to $0.77 from $0.21, a 265.4% increase [5] Key Metrics - Total net originations for Q3 2025 were $246.1 million, a 12.5% increase from $218.8 million in Q3 2024 [12] - Ending receivables increased to $481.0 million, up 16.3% from $413.7 million in the previous year [12] - The auto-approval rate improved to 79.1%, up from 76.8% year over year, indicating enhanced operational efficiency [12] Guidance and Outlook - The company raised its full-year revenue guidance to between $590 million and $605 million, and adjusted net income guidance to between $137 million and $142 million [1][21] - Adjusted EPS guidance for the full year is now projected to be between $1.54 and $1.60 [21] Strategic Positioning - The CEO highlighted the company's strategic positioning with the Model 6.1 refit and risk-based pricing to mitigate exposure during economic volatility [2] - Auto approval rates have increased, contributing to improved operational efficiency year over year [2]

Core Insights - The Future Investment Initiative (FII9) highlighted a transformative vision for the global economy, emphasizing the convergence of digital finance, energy infrastructure, and human innovation beyond just artificial intelligence [1][7]. Digital Finance - Laurence Fink from BlackRock stressed the importance of focusing on asset tokenization and digital wallets, which could redefine capital exchange and storage, while noting that many nations are unprepared for this rapid shift [2]. - Jane Fraser of Citigroup pointed out that AI is reshaping financial services, enhancing efficiency and innovation, and that the convergence of AI and private credit could lead to a more resilient financial system [4]. Energy Infrastructure - Stephen Schwarzman of Blackstone identified the intersection of AI and energy security as a significant investment opportunity, citing U.S. power reserves at around 15% and an annual energy demand growth of 4-5% [3]. Human Capital and Innovation - Lei Zhang from Hillhouse Capital emphasized the value of following visionary entrepreneurs who can turn disruption into growth, highlighting human adaptability and creativity as crucial forms of capital [5]. - David Solomon of Goldman Sachs noted a resurgence in M&A and IPO activity, indicating renewed corporate confidence and a favorable macro environment, with expectations for continued deal-making momentum into 2025 [6]. Overall Theme - The discussions at FII9 collectively underscored that the future of investment will be shaped not only by technological advancements but also by how humanity leverages its ingenuity to drive global progress [7].

Core Insights - The digital transformation has become a "must-answer question" for the financial industry, with the 2023 Central Financial Work Conference emphasizing the importance of digital finance in the high-quality development of the financial system [1] - The rise of AI technologies is reshaping core capabilities within financial institutions, impacting risk control, customer service, operational management, and organizational structure [1] - A third digital finance case collection activity is set to begin, aimed at identifying benchmark cases and extracting replicable transformation experiences from various financial institutions and fintech companies [1] Summary by Categories Case Collection - The activity targets financial institutions and related technology companies, focusing on collaborative efforts among regulatory bodies, financial institutions, tech firms, and research organizations [2] - Previous editions of the case collection have successfully gathered over a hundred benchmark cases across banking, securities, insurance, and fintech sectors [2] Event Highlights - The series of activities includes four key highlights: - Pioneer cases of digital transformation in financial institutions - Pioneer cases of new financial digital innovation - Pioneer cases of digital financial service providers - Pioneer cases of digital financial products, specifically focusing on AI model applications in finance [4] Dialogue and Evaluation - A core think tank comprising regulators, financial executives, and tech leaders will engage in deep discussions on challenges related to digital transformation and data security compliance [5] - Evaluation of AI model application products will focus on their implementation in risk control, investment advisory, and operations, using a professional indicator system to select quality solutions [5] - A digital finance forum will serve as a platform for industry exchange, showcasing award-winning case practices and promoting cross-institutional technology experience sharing [5]

Japan’s JPYC Inc. has launched the world’s first fully regulated yen-pegged stablecoin. | Credit: Getty Images. Key Takeaways Japanese firm JYPC launched the first regulated yen-pegged stablecoin. The peg is fully guaranteed by yen bank deposits and Japanese Government Bonds (JGBs). The launch of the yen stablecoin could dramatically impact the Asian FX market. Tokyo-based fintech JPYC Inc. has launched JPYC, Japan’s—and the world’s—first fully regulated yen-pegged stablecoin, marking a milestone mo ...

RT Brickken (@Brickken)After Singapore… Brickken is heading to New York!We’re proud to join SmartCon by @Chainlink as a Bronze sponsor. The flagship event of New York Blockchain Week, where institutions, finance, and Web3 converge to shape the future of digital financeWe’ll be on stage to showcase our latest advancements and unveil our roadmap leading into 2026, an announcement not to be missed.After the success of Token2049 Singapore, Brickken continues to push forward.Next stop: New York City.November 4–5 ...