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SOLOWIN HOLDINGS's Subsidiary Selected as Industry Pioneer in HKMA's “EnsembleTX” Pilot Phase
Globenewswire· 2025-11-14 13:30
Core Viewpoint - Solowin Holdings has been selected as an industry pioneer in the pilot phase of Project Ensemble by the Hong Kong Monetary Authority, focusing on enabling real-value transactions involving tokenized deposits and digital assets [1][4]. Group 1: Company Overview - Solowin Holdings is a leading financial technology firm that bridges traditional and digital assets, focusing on digital currency payments and asset tokenization [6]. - The company operates through its subsidiary, Solomon JFZ (Asia) Holdings Limited, which is licensed by the Hong Kong Securities and Futures Commission [6]. - Solowin aims to establish itself as a global digital asset financial platform, integrating traditional finance with the Web3 ecosystem [6]. Group 2: Project Ensemble and Participation - Solomon JFZ is listed in Annex B of EnsembleTX, which includes other notable participants such as Ant International and Hong Kong Exchanges and Clearing Limited [2]. - The EnsembleTX initiative will facilitate interbank transactions involving tokenized deposits and fund subscriptions through a blockchain-based infrastructure [3]. - The project aims to enhance interoperability, efficiency, and automation in the financial ecosystem, marking a transition to real-value transaction applications in Hong Kong's tokenization landscape [4]. Group 3: Future Prospects - The initial focus of EnsembleTX will be on using tokenized deposits in money market fund transactions and managing liquidity in real-time [4]. - Dr. Haokang Thomas Zhu, Director of Solowin, expressed optimism about the potential of tokenized deposits in driving financial innovation and expanding their applications in fund settlement by 2026 [5].
SOLOWIN HOLDINGS’s Subsidiary Selected as Industry Pioneer in HKMA’s “EnsembleTX” Pilot Phase
Globenewswire· 2025-11-14 13:30
Core Insights - Solowin Holdings has been selected by the Hong Kong Monetary Authority as an industry pioneer in the pilot phase of Project Ensemble, which focuses on enabling real-value transactions involving tokenized deposits and digital assets [1][4]. Group 1: Project Ensemble - Solomon JFZ will collaborate with other leading institutions to facilitate interbank transactions involving tokenized deposits and fund subscriptions through a blockchain-based infrastructure [3]. - The initiative aims to enhance interoperability, efficiency, and automation across the financial ecosystem, laying a foundation for a tokenized economy [3][4]. - The pilot will initially focus on using tokenized deposits in money market fund transactions and managing liquidity in real-time [4]. Group 2: Company Background - Solowin Holdings is a financial technology firm established in 2016, focusing on bridging traditional and decentralized finance [6]. - The company operates through its licensed subsidiary, Solomon JFZ, and has developed a multi-jurisdictional financial platform that includes stablecoin payments and asset tokenization [6]. - The firm is backed by leading international institutional investors and aims to drive the convergence of traditional finance and the Web3 ecosystem [6].
X @Token Terminal 📊
Token Terminal 📊· 2025-11-12 09:48
RT Cointelegraph (@Cointelegraph)🔥 BULLISH: Ethereum’s tokenized economy just hit $200B.With exchange balances at yearly lows and TradFi demand surging, some say $ETH is undervalued versus its fundamentals. https://t.co/fG7H5tmdvD ...
X @Cointelegraph
Cointelegraph· 2025-11-11 23:00
🔥 BULLISH: Ethereum’s tokenized economy just hit $200B.With exchange balances at yearly lows and TradFi demand surging, some say $ETH is undervalued versus its fundamentals. https://t.co/fG7H5tmdvD ...
TONX (Formerly Verb) Exec Chairman Featured on CNBC ‘Squawk Box’ Asia
Globenewswire· 2025-09-04 12:30
Core Insights - The company, formerly known as Verb Technology Company, has rebranded to TON Strategy Company and began trading as TONX on the Nasdaq Capital Market on September 2, 2025 [2] - TONX's strategy focuses on accumulating Toncoin ($TON) and providing public market equity investors access to this unique asset class, leveraging its integration with Telegram, a platform with one billion users [3][4] Company Strategy - The company aims to steadily expand its $TON treasury through various means, including capital raising transactions, staking rewards, and open market purchases [4] - TONX positions itself as a significant infrastructure provider within the TON blockchain ecosystem, capitalizing on its unique integration with Telegram for digital wallets, payments, and applications [3] Legacy Operations - In addition to its digital asset strategy, the company continues to operate legacy business units such as MARKET.live, a multi-vendor livestream shopping platform, and LyveCom, which focuses on AI-powered social commerce [5]
Digital Asset Technologies Portfolio Company, LiquidLink Launches Bitcoin Lightning and XRP ILP Nodes
Globenewswire· 2025-06-30 06:00
Core Insights - Digital Asset Technologies Inc. (DATT) announces that its portfolio company, LiquidLink AI Corp., has launched enterprise-grade infrastructure on the Bitcoin Lightning Network and Ripple's Interledger Protocol (ILP), positioning LiquidLink as a foundational hub in the Internet of Value [1][2] Group 1: LiquidLink's Infrastructure and Goals - LiquidLink aims to create a highly connected hub that bridges fragmented liquidity pools and enables reliable settlement between networks, focusing on being the infrastructure layer for merchants and institutions [2][3] - The company plans to support the rise of stablecoins on Bitcoin and XRP Ledger, leveraging the recent Clarity for Payment Stablecoins Act to accelerate its initiatives [3][4] Group 2: Cross-Chain Liquidity Bridge - LiquidLink's next milestone involves creating the first cross-chain liquidity bridge to connect Bitcoin-native assets with the XRP Ledger, facilitating seamless asset movement [4] Group 3: Node Operations and XRPFY Platform - LiquidLink's node business operates independently but complements XRPFY, the company's flagship platform for efficient payment routing and liquidity discovery, which will be utilized for cost-effective payment paths [5] Group 4: Company Overview - Digital Asset Technologies Inc. focuses on equity investments in global companies developing technology, with LiquidLink concentrating on secure, interoperable infrastructure for the tokenized economy [6][7]