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iPower Announces Strategic Shift Toward Crypto Treasury and Blockchain Infrastructure Services
Globenewswire· 2025-06-17 13:00
Bitcoin Treasury Strategy to Anchor New Business FocusRANCHO CUCAMONGA, Calif., June 17, 2025 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a technology-driven eCommerce and supply chain platform, today announced a major strategic shift approved by its Board of Directors. The Company intends to reposition itself as a crypto treasury and blockchain infrastructure services company, with an initial and central emphasis on building a Bitcoin treasury strategy as a foundational compo ...
MoneyHero Group Expands Digital Asset Wealth Product Offerings in Hong Kong in Strategic Collaboration with OSL
Globenewswire· 2025-06-09 02:00
Core Insights - MoneyHero Limited has announced a strategic collaboration with OSL Group to expand its digital asset wealth product offerings in Hong Kong, aiming to enhance financial wellbeing for consumers [1][2][3] Company Overview - MoneyHero Limited operates as a personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia, with operations in Singapore, Hong Kong, Taiwan, and the Philippines [4] - The company had over 290 commercial partner relationships as of December 31, 2024, and approximately 6.2 million Monthly Unique Users for the three months ended December 31, 2024 [4] Industry Trends - There is a growing interest in digital assets in Hong Kong, with 8% of retail investors having invested in virtual assets in 2023, up from 1% in 2019, and 11% showing intention to invest [2] - The collaboration addresses the increasing demand for diversified financial solutions in the region [2] Strategic Collaboration - The partnership allows MoneyHero users to compare digital asset account products from leading SFC-licensed platforms like OSL, alongside traditional financial products [2][3] - OSL is recognized as a leader in the regulated digital asset space in Asia, providing valuable support for MoneyHero's expansion into this sector [3] Regulatory Compliance - OSL Group is dedicated to providing regulatory-compliant financial services and has a comprehensive suite of regulated services, including OTC brokerage and custody solutions [5][6] - The collaboration emphasizes the importance of accessible and regulated pathways to digital assets for sustainable industry growth [3]