Blockchain Press Releases
Jamaica – emerging logistics powerhouse creates opportunities for global business
KINGSTON, Jamaica, June 23, 2023 /PRNewswire/ — Jamaica is rapidly becoming the place big names in business want to call home and at Collision 2023, the country will introduce its Upsource Jamaica concept to eager businesses seeking to join select Fortune 500 companies who nearshore there.
With companies such as VistaPrint, Conduent (Xerox), ibex, and Fusion BPO Services already making good on Jamaica’s unique competitive advantages, the Caribbean’s largest English-speaking nation is positioning itself to welcome a new wave of global businesses whose leaders are eager to seize the unique competitive advantages the country offers.
The country’s stable government and economy, along with its location, physical infrastructure, talent pool, and economic framework read like a wish-list for global supply chain managers.
Improved road networks, enhanced sea and airport infrastructure, and advanced telecommunications capabilities, supported by services such as Starlink’s high-speed satellite internet, have helped to elevate the island’s position as an international business centre.
With Kingston being, by air, just 90 minutes from Miami, some 3 hours 37 minutes from Toronto and just under 10 hours from London, the country offers significant near shore advantages for key markets.
Jamaica’s Special Economic Zones also provide the optimal business ecosystem in which businesses can flourish. Over 100 entities have been granted SEZ status in the country. This has led to exponential growth in the global services sub-sectors of BPO, KPO, ITES (IT Enabled Services), Logistics and Creative Industries.
Central to the unique value proposition that is winning over so many investors are the Jamaican people. Jamaicans are buying into the government’s efforts to catapult the country to the top of the global services sector. The workforce is already highly skilled, talented, driven and trainable. However, the government has also worked with its partners to create highly specific skills training programmes for the youth, through the HEART Trust/NSTA and projects such as the Global Services Sector Project (GSSP). More recently, Prime Minister of Jamaica, Honourable Andrew Holness established a unit with the Office of the Prime Minister to focus on skills and digital transformation.
These training initiatives ensure that there is a constant awareness and development of local talent to fit the evolving needs of the global services sector and a readiness among citizens to help build, shape, expand and enhance the sector.
In addition, powering the country’s newest thrust to sit atop the global services sector is the National Investment Policy (NIP) developed by the Ministry of Industry Investment and Commerce with support from one of its agencies, Jamaica Promotions Corporations (JAMPRO). The NIP entails a raft of economic development initiatives, framework enhancement objectives and support measures that are designed to make it easier for locals and foreigners alike to set up businesses in the country successfully.
By removing the usual red tape and bureaucracy, the country is allowing businesses to operate more nimbly, which is crucial for sustainability and competitiveness. It’s an enticing offering for business leaders eager to outpace their competitors.
The new National Investment Policy further enhances the offering of a country that has been consistently ranked in the top 10 in a number of critical international business advantage metrics.
Jamaica was ranked 6th Easiest Place to Do Business globally by the World Bank (2019); named the Best Caribbean Nation for Doing Business by Forbes (2019); rated as the Best Performing Stock Market in the World in 2015 and 2018 by Bloomberg; and ranked 9th on the innovation list of Latin American and Caribbean economies in the Global Innovation Index – WIPO.
In the last decade, business confidence in the country has increased annually by 24.1 points.
To learn more about Jamaica’s global services sector, please visit: www.upsourcejamaica.com
Media Contact:
G&A Communications Inc.
Macherie Grant
[email protected]
View original content:https://www.prnewswire.co.uk/news-releases/jamaica—emerging-logistics-powerhouse-creates-opportunities-for-global-business-301861183.html
Blockchain Press Releases
Purchasers of Quantstamp QSP Tokens May Be Eligible for Payment from the Quantstamp Fair Fund
COSTA MESA, Calif., Jan. 22, 2025 /PRNewswire/ — The following statement is being issued by Simpluris, Inc., the SEC-appointed Fund Administrator.
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
In the Matter of Quantstamp, Inc.
Administrative Proceeding File No. 3-21535
This Notice is Pursuant to a Distribution Plan approved by the United States Securities and
Exchange Commission in the captioned matter.
If you purchased or acquired Quantstamp QSP tokens from October 1, 2017, through July 20, 2023, inclusive, you may be eligible for a distribution from the Fair Fund created in the Securities and Exchange Commission (“SEC”) administrative proceeding captioned above (the “Fair Fund”).
The Fair Fund is being distributed pursuant to a Distribution Plan (the “Plan”) approved by the SEC. The Plan provides for the distribution of the Fair Fund to compensate investors based on their losses, due to the misconduct of Quantstamp, Inc. described in the SEC’s administrative proceeding, on the purchase of QSP tokens from October 1, 2017 through July 20, 2023. You can view and download a copy of the SEC’s order and the Plan on the Important Documents tab on the website for this matter: www.QuantstampFairFund.com/documents.
To be considered for eligibility for a Distribution Payment from the Fair Fund, you must timely submit a completed Claim Form online or via mail. Claim Forms completed online must be submitted on or before 11:59 p.m. Eastern Standard Time (“EST”) on April 10, 2025. Claim Forms submitted via mail must be sent to the address provided on the Claim Form and postmarked (or if not sent by U.S. Mail, received) by April 10, 2025.
You may complete the Claim Form online here: www.QuantstampFairFund.com/form/claim. Alternatively, you may download a paper copy from of the Claim Form on the Important Documents page www.QuantstampFairFund.com/documents, or request a copy of the paper Claim Form from the Fund Administrator via email at [email protected] or by calling 833-215-6101, for submission by mail to the address set forth on the Claim Form.
ADDITIONAL INFORMATION
Additional information regarding the Fair Fund, including copies of the Plan, the Plan Notice, the Claim Form, and other relevant documents may be found at www.QuantstampFairFund.com. You may request copies or seek additional information by contacting the Fund Administrator.
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Email: |
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Call: |
833-215-6101 |
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Write: |
Quantstamp Fair Fund |
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Fund Administrator |
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P.O. Box 25381 |
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Santa Ana, CA 92799 |
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View original content:https://www.prnewswire.co.uk/news-releases/purchasers-of-quantstamp-qsp-tokens-may-be-eligible-for-payment-from-the-quantstamp-fair-fund-302357433.html
Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain Press Releases
HTX Ventures: RWAFi and Stablecoin Payments Set to Dominate the Evolving DeFi Landscape
SINGAPORE, Jan. 22, 2025 /PRNewswire/ — The DeFi landscape has undergone a dramatic transformation since the “DeFi Summer” of 2020. With Donald Trump assuming office as the President of the United States, a new era of growth for DeFi is emerging, characterized by deeper integration with traditional finance.
HTX Ventures, the global investment division of HTX, has released a forward-looking report titled “A New Era for DeFi with Crypto Compliance and New Opportunities in RWA-Fi and Stablecoin Payments.“ This report analyzes the evolving environment of crypto trading in 2025, focusing on the significant opportunities and challenges RWAFi and stablecoin payments are facing.
Changes in the Crypto Trading Environment Favor Stablecoins and RWAs Prospects
The gradual easing of crypto regulatory policies is facilitating greater institutional investor participation within the crypto ecosystem. This shift has seen stablecoins and RWAs (Real-World Assets) emerge as crucial bridges connecting the traditional finance and decentralized finance worlds.
Data shows a remarkable surge in stablecoins usage in blockchain transactions, which has risen from 3% in 2020 to over 50% by the end of 2024. The core value proposition of stablecoins lies in their ability to facilitate seamless cross-border payments, making them strategically important in international trade.
The report underscores the immense potential of stablecoins, stating, “At present, the global cross-border B2B payments market processed through traditional channels is valued at approximately $40 trillion, while the consumer remittance market generates hundreds of billions of dollars in annual revenue. Stablecoins offer a new alternative for efficient cross-border payments via crypto channels. As the adoption gains momentum, stablecoins are set to penetrate and disrupt this market segment, becoming a key player in the global payments landscape.”
Furthermore, the U.S. House Financial Services Committee is actively preparing to introduce a stablecoin bill, which has the potential to be the first comprehensive crypto legislation passed by Congress. This legislation could drive widespread adoption of crypto wallets, stablecoins, and blockchain-based payment channels among traditional banks, enterprises, and individuals. Notably, several prominent traditional financial giants, including PayPal and Stripe, have already initiated active exploration within the stablecoin sector.
The RWA market saw positive growth during the recent bear market cycle, primarily driven by its stable returns. Unlike cryptocurrencies, the value of RWAs remains largely unaffected by the inherent volatility of the crypto market, a crucial characteristic for building a robust DeFi ecosystem. Industry leaders like Binance project that the RWA market could expand to $16 trillion by 2030. This immense market potential has driven companies like BlackRock and Tether to explore tokenized assets, leading to the emergence of compliance tools for RWA token issuance, such as Securitize.
Opportunities and Challenges for DeFi Projects
As stablecoins and RWAFi emerge as the cornerstones of the evolving DeFi landscape, project teams are tasked with developing innovative products tailored to the new environment and demands. While challenges are inevitable, these transformative shifts also unlock numerous opportunities.
In terms of realizing the vision of yield-generating stablecoins, the report identifies two prevailing market trends:
- Treasury-backed Stablecoins:
This approach involves utilizing the U.S. Treasury bonds as the underlying assets for stablecoins, effectively introducing traditional financial assets onto the blockchain through tokenization. This methodology preserves the stability and low-risk nature of Treasury bonds while seamlessly integrating the high liquidity and composability inherent to DeFi. Examples include USDY by Ondo Finance and a range of Treasury-backed Vault products from OpenTrade.
- Volatility-driven Yield:
The alternative approach leverages crypto market volatility and MEV to generate low-risk returns. Ethena, along with its native stablecoin USDe, serve as a prime example of this strategy.
Seamlessly integrating DeFi applications with RWAs presents another critical challenge for project teams. On one hand, the inherent stability of RWAs can effectively mitigate risk in DeFi applications. Collateralized Debt Position (CDP) stablecoins, such as Curve’s crvUSD, are increasingly incorporating RWAs as collateral to enhance their stability. On the other hand, the flexibility of DeFi can significantly boost the utilization rate of tokenized RWAs. Pendle’s newly introduced RWA section, boasting a current TVL of $150 million, exemplifies this synergy. Leveraging the composability of DeFi Lego, Pendle’s diverse yield-generating assets can offer highly attractive APYs, incentivizing users to invest in RWA stablecoins.
Emerging DeFi projects still possess significant untapped potential within niche sectors, such as addressing defaults scenarios within the private credit market within RWA domain and effectively leveraging RWA public chains to empower institutional finance. Looking ahead, the report suggests that on-chain forex, cross-border payment stacks, and multi-pool stablecoin aggregation platforms are among the promising development directions in the “New DeFi” era.
About HTX Ventures
HTX Ventures is the global investment arm of HTX, integrating investment, incubation, and research to identify and discover the best and most innovative projects in the market. Visit us here.
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View original content:https://www.prnewswire.co.uk/news-releases/htx-ventures-rwafi-and-stablecoin-payments-set-to-dominate-the-evolving-defi-landscape-302357287.html
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