BREA, Calif., Dec. 02, 2025 (GLOBE NEWSWIRE) -- Vestand Incorporated (NASDAQ: VSTD) (“Vestand” or the “Company”) received a notice (the “Notice”) from Nasdaq Listing Qualifications (“Nasdaq”) on November 25, 2025 notifying the Company that as it has not yet filed its Quarterly Report on Form 10-Q for the period ended September 30, 2025 (the “Form 10-Q”), the Company no longer complies with Listing Rule 5250(c)(1) for continued listing on Nasdaq. The Company has 60 calendar days to submit to Nasdaq a plan to ...

Financial Data and Key Metrics Changes - Net premiums earned for Q3 2025 decreased to $555,000 from $595,000 in Q3 2024 due to lower-weighted average rates on reinsurance contracts [7] - Total revenue for Q3 2025 amounted to $645,000, a significant increase from $205,000 in the prior year's third quarter [8] - Net income for Q3 2025 was $187,000 or $0.02 per share, compared to a net loss of $540,000 or $0.09 per share in Q3 2024 [10] - Total expenses for Q3 2025 increased to $815,000 from $490,000 in Q3 2024, primarily due to increased professional costs and legal expenditures [9] Business Line Data and Key Metrics Changes - The loss ratio remained consistent at 0% for Q3 2025, while it increased to 132.4% for the nine-month period ended September 30, 2025, due to a full-limit loss on a reinsurance contract affected by Hurricane Milton [11][12] - The acquisition cost ratio remained consistent at 11% for both the quarter and nine-month periods ended September 30, 2025 [12] Market Data and Key Metrics Changes - Cash and cash equivalents increased by $1.28 million to $7.18 million from $5.9 million at the end of 2024, driven by premium deposits and a registered direct offering [13] Company Strategy and Development Direction - The company is focused on selective, data-driven underwriting to achieve long-term growth and book value per share [4] - AssurancePlus, the company's Web3 subsidiary, aims to democratize tokenized real-world assets and broaden investor access [5] - The company is evaluating a move towards regular dividend payouts for its security-backed tokens, aligning with current market demand [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the long-term outlook of the core reinsurance business and the integration of AssurancePlus into the RWA market [6] - The company is focused on maintaining underwriting quality, scaling compliant distribution channels, and advancing product enhancements [15] Other Important Information - The investment portfolio increased to $115,000 at September 30, 2025, from $113,000 at the prior year-end [13] - The company emphasizes transparency and alignment in its operations, writing fully collateralized contracts without leverage [14] Q&A Session Summary - There were no questions during the Q&A session, indicating a lack of immediate inquiries from participants [17]

Core Insights - Ondo Finance has expanded its Ondo Global Markets platform to BNB Chain, allowing non-US investors to access tokenized US equities using blockchain technology [1] - The platform has seen significant success on Ethereum, accumulating $350 million in total value and processing over $669 million in on-chain trading volume [1][2] - Ondo Global Markets offers over 100 tokenized US stocks and ETFs directly on-chain [2] - The integration with BNB Chain aims to enhance accessibility for users across Asia, Latin America, and other regions [3] - The ONDO token, serving as the governance and utility token, is currently trading at $0.74, reflecting a 1.7% decline [4] - Ondo Finance has formed institutional partnerships and made acquisitions to strengthen its real-world asset (RWA) ecosystem [5] - The total tokenized assets of Ondo Finance have reached $1.83 billion, with a 4% increase in the last 30 days, primarily consisting of US Treasuries [6] - Ondo's market capitalization stands at $2.3 billion, with expectations that the BNB Chain integration will enhance liquidity and visibility [7]

Core Insights - Securitize has launched a tokenized credit fund in partnership with BNY, targeting the growing demand for real-world assets (RWA) [1][3] - The Securitize Tokenized AAA CLO Fund (STAC) will provide on-chain investors access to collateralized loan obligations (CLOs) [1][3] - The tokenization of the fund aims to enhance accessibility, speed of settlement, and fractional ownership of traditionally hard-to-access investments [4] Company Overview - BNY will serve as the custodian for the fund's assets, while Insight, a BNY subsidiary, will manage investments [2] - Grove, a capital allocator from the DeFi protocol Sky, plans to invest $100 million as an anchor investor in the fund [2] Market Potential - The tokenized RWA market is projected to grow from $35 billion currently to $18.9 trillion by 2033 [3] - CLOs, which bundle corporate loans into various risk tranches, are particularly appealing to institutional investors due to their AAA-rated tranches offering floating-rate exposure [3] Technological Impact - Tokenization is expected to facilitate faster settlements, improved distribution, and easier fractional ownership of credit products [4] - Jose Minaya, global head of BNY Investments and Wealth, highlighted that tokenization enhances access to high-quality credit for yield-seeking clients [4] Securitize's Position - Securitize has issued $4.5 billion in tokenized assets, including a tokenized money market fund for BlackRock [5] - The company is pursuing a public listing through a merger with a Cantor Fitzgerald SPAC, aiming for a valuation of $1.25 billion [5][6]

Core Insights - CMB International (CMBIAM) has launched a $3.8 billion USD Money Market Fund on BNB Chain, represented by CMBMINT and CMBIMINT tokens, supported by DigiFT and OnChain [1][8] - The fund has been ranked 1 among Asia-Pacific peers by Bloomberg as of October 2025 and focuses on USD-denominated short-term deposits and high-quality money market instruments [1][2] Fund Performance - Since its inception in 2024, the fund has maintained consistent returns [2] Institutional Access and Blockchain Efficiency - Accredited investors can subscribe to the tokenized fund using fiat or stablecoins, with real-time redemption managed by proprietary liquidity management smart contracts from DigiFT [3] - The partnership allows CMBIAM to leverage BNB Chain's infrastructure to reach a broader global investor base securely and compliantly [4] Industry Trends - The launch is part of a broader trend of traditional financial products transitioning on-chain, following other major financial institutions that have adopted tokenization on BNB Chain [5] - BNB Chain is expanding its involvement with tokenized equities and has joined an alliance with Ondo's RWA platform to enhance access to tokenized stocks and real-world assets [6] Ecosystem Support - BNB Chain has taken steps to support users amid market volatility, including a $45 million airdrop to meme coin traders and a $300 million recovery initiative for traders affected by liquidations [7] Future Utility - The introduction of the CMBIAM fund adds a regulated, high-value real-world asset to BNB Chain, paving the way for new DeFi utility through planned integrations with protocols like Venus Protocol and ListaDAO [6][8]

Core Insights - Vestand Inc. has appointed Andrew Yun to its Board of Directors, bringing extensive legal expertise in corporate law, real estate, and mergers and acquisitions [1][2][3] Company Overview - Vestand Inc. is a U.S. Nasdaq-listed company that integrates traditional real-world assets with next-generation crypto treasury strategies [4] - The company operates through its U.S. and Korean subsidiaries, connecting global capital markets and creating a growth model that combines real estate, security technology, and blockchain innovation [4] Leadership Appointment - Andrew Yun is the managing partner of Yun Law Group and has a background as senior legal counsel for major energy and electronics conglomerates [2] - The CEO of Vestand, Ji-Won Kim, emphasized that Yun's strategic insight and legal expertise will be invaluable for the company's growth and pursuit of strategic opportunities [3] Strategic Focus - Andrew Yun expressed enthusiasm about joining Vestand as it transitions into a PropTech company, focusing on AI-driven real estate investment and security token offerings [3] - The company's near-term strategy includes combining house flipping with digital asset tokenization, utilizing AI for enhanced property decisions and shared ownership models [3]

Core Viewpoint - Prestige Wealth Inc. plans to rename itself Aurelion Inc. and has established itself as the first NASDAQ-listed Tether Gold Treasury, having purchased $134 million in Tether Gold at a price of $4,021.81 per XAU₮ [1][8] Group 1: Company Developments - Aurelion completed a $150 million financing round, which included approximately $100 million in PIPE proceeds and a $50 million senior debt facility [2] - Antalpha led the financing with a $43 million PIPE investment, acquiring controlling voting rights in Aurelion [2] - Aurelion's treasury will solely consist of Tether Gold (XAU₮), aiming to enhance liquidity and collateral resilience [4][8] Group 2: Strategic Initiatives - The Antalpha Reserve 2.0 initiative aims to acquire Tether Gold and increase access to tokenized gold through the Antalpha RWA Hub [3][10] - Aurelion plans to lend its unencumbered Tether Gold to Antalpha as collateral, receiving a technology fee in return, while Antalpha will assume all default risk [4][8] - Antalpha expects new business opportunities to arise from the integration of Tether Gold collateralized loans through its platform [4] Group 3: Market Context - Gold has historically served as a benchmark of value, providing a hedge against macroeconomic volatility and political uncertainty [4] - Tether Gold (XAU₮) represents one troy fine ounce of gold and is available as an ERC-20 token on the Ethereum blockchain, facilitating easy trading [9]

Core Insights - China Financial Leasing Group plans to raise HK$86.7 million ($11.1 million) through a strategic share placement to launch a digital asset investment platform focused on cryptocurrency and artificial intelligence [1][4][8] Group 1: Capital Raise Details - The firm will issue 69.38 million new shares to Innoval Capital at HK$1.25 per share, representing 20% of the current share capital and 16.7% of the expanded base post-placement [3][4] - The capital raised will fund the creation of a Crypto-AI investment platform that will support various digital asset ventures, including exchanges, stablecoins, Bitcoin (BTC), Ethereum (ETH), real-world assets (RWA), NFTs, DeFi, and decentralized physical infrastructure (DePIN) [4][8] Group 2: Strategic Alignment and Market Reaction - This initiative aligns with the Hong Kong government's policy push to establish the city as a global crypto hub by June 2024 [5][8] - Following the announcement, shares of China Financial Leasing surged by 25%, with a market capitalization of approximately HK$555 million ($71.3 million) [6][8] Group 3: Industry Context - The move reflects a growing interest among Hong Kong-listed firms to leverage regulatory support for Web3 initiatives [6][8] - However, there are concerns in the industry, as China's securities regulator has informally instructed brokerages to pause RWA tokenization efforts in Hong Kong due to risk management and speculation concerns [7]