Blockchain Press Releases
BGC Partners Updates its Outlook for the Second Quarter of 2023 and Provides an Update on the Corporate Conversion
NEW YORK, June 29, 2023 /PRNewswire/ — BGC Partners, Inc. (Nasdaq: BGCP) (“BGC Partners” or “BGC” or the “Company”), a leading global brokerage and financial technology company, today announced that it has updated its outlook for the quarter ending June 30, 2023, and provided an update on the timing of its corporate conversion.
Updated Outlook
BGC reaffirmed its previously stated outlook ranges for revenue and pre-tax Adjusted Earnings for the second quarter of 2023. The Company’s outlook was contained in BGC’s financial results press release issued on May 3, 2023, which can be found at http://ir.bgcpartners.com.
Corporate Conversion Update:
BGC Partners, Inc. is expected to complete its corporate conversion to a Full C-Corporation on Saturday, July 1, 2023. The Company will change its name to “BGC Group, Inc.” and its Nasdaq ticker symbol to “BGC” from “BGCP”.
The Company plans to issue a press release on July 3, 2023, under its new name BGC Group, Inc. to announce the completion of the corporate conversion. The Company will also update its main website to http://www.bgcg.com and its investor relations website to http://ir.bgcg.com.
Non-GAAP Financial Measures
This document contains non-GAAP financial measures that differ from the most directly comparable measures calculated and presented in accordance with Generally Accepted Accounting Principles in the United States (“GAAP”). Non-GAAP financial measures used by the Company include “Adjusted Earnings before noncontrolling interests and taxes”, which is used interchangeably with “pre-tax Adjusted Earnings”; “Post-tax Adjusted Earnings to fully diluted shareholders”, which is used interchangeably with “post-tax Adjusted Earnings”; “Adjusted EBITDA”; “Liquidity”; and “Constant Currency”. The definitions of these terms are below.
Adjusted Earnings Defined
BGC uses non-GAAP financial measures, including “Adjusted Earnings before noncontrolling interests and taxes” and “Post-tax Adjusted Earnings to fully diluted shareholders”, which are supplemental measures of operating results used by management to evaluate the financial performance of the Company and its consolidated subsidiaries. BGC believes that Adjusted Earnings best reflect the operating earnings generated by the Company on a consolidated basis and are the earnings which management considers when managing its business.
As compared with “Income (loss) from operations before income taxes” and “Net income (loss) for fully diluted shares”, both prepared in accordance with GAAP, Adjusted Earnings calculations primarily exclude certain non-cash items and other expenses that generally do not involve the receipt or outlay of cash by the Company and/or which do not dilute existing stockholders. In addition, Adjusted Earnings calculations exclude certain gains and charges that management believes do not best reflect the ordinary results of BGC. Adjusted Earnings is calculated by taking the most comparable GAAP measures and adjusting for certain items with respect to compensation expenses, non-compensation expenses, and other income, as discussed below.
Calculations of Compensation Adjustments for Adjusted Earnings and Adjusted EBITDA
Treatment of Equity-Based Compensation Line Item for Adjusted Earnings and Adjusted EBITDA
The Company’s Adjusted Earnings and Adjusted EBITDA measures exclude all GAAP charges included in the line item “Equity-based compensation and allocations of net income to limited partnership units and FPUs” (or “equity-based compensation” for purposes of defining the Company’s non-GAAP results) as recorded on the Company’s GAAP Consolidated Statements of Operations and GAAP Consolidated Statements of Cash Flows. These GAAP equity-based compensation charges reflect the following items:
- Charges with respect to grants of exchangeability, which reflect the right of holders of limited partnership units with no capital accounts, such as LPUs and PSUs, to exchange these units into shares of common stock, or into partnership units with capital accounts, such as HDUs, as well as cash paid with respect to taxes withheld or expected to be owed by the unit holder upon such exchange. The withholding taxes related to the exchange of certain non-exchangeable units without a capital account into either common shares or units with a capital account may be funded by the redemption of preferred units such as PPSUs.
- Charges with respect to preferred units. Any preferred units would not be included in the Company’s fully diluted share count because they cannot be made exchangeable into shares of common stock and are entitled only to a fixed distribution. Preferred units are granted in connection with the grant of certain limited partnership units that may be granted exchangeability or redeemed in connection with the grant of shares of common stock at ratios designed to cover any withholding taxes expected to be paid. This is an alternative to the common practice among public companies of issuing the gross amount of shares to employees, subject to cashless withholding of shares, to pay applicable withholding taxes.
- GAAP equity-based compensation charges with respect to the grant of an offsetting amount of common stock or partnership units with capital accounts in connection with the redemption of non-exchangeable units, including PSUs and LPUs.
- Charges related to amortization of RSUs and limited partnership units.
- Charges related to grants of equity awards, including common stock or partnership units with capital accounts.
- Allocations of net income to limited partnership units and FPUs. Such allocations represent the pro-rata portion of post-tax GAAP earnings available to such unit holders.
The amounts of certain quarterly equity-based compensation charges are based upon the Company’s estimate of such expected charges during the annual period, as described further below under “Methodology for Calculating Adjusted Earnings Taxes.”
Virtually all of BGC’s key executives and producers have equity or partnership stakes in the Company and its subsidiaries and generally receive deferred equity or limited partnership units as part of their compensation. A significant percentage of BGC’s fully diluted shares are owned by its executives, partners and employees. The Company issues limited partnership units as well as other forms of equity-based compensation, including grants of exchangeability into shares of common stock, to provide liquidity to its employees, to align the interests of its employees and management with those of common stockholders, to help motivate and retain key employees, and to encourage a collaborative culture that drives cross-selling and revenue growth.
All share equivalents that are part of the Company’s equity-based compensation program, including REUs, PSUs, LPUs, HDUs, and other units that may be made exchangeable into common stock, as well as RSUs (which are recorded using the treasury stock method), are included in the fully diluted share count when issued or at the beginning of the subsequent quarter after the date of grant. Generally, limited partnership units other than preferred units are expected to be paid a pro-rata distribution based on BGC’s calculation of Adjusted Earnings per fully diluted share. However, out of an abundance of caution and in order to strengthen the Company’s balance sheet due the uncertain macroeconomic conditions with respect to the COVID-19 pandemic, BGC Holdings, L.P. has reduced its distributions of income from the operations of BGC’s businesses to its partners.
Compensation charges are also adjusted for certain other cash and non-cash items.
Certain Other Compensation-Related Adjustments for Adjusted Earnings
BGC also excludes various other GAAP items that management views as not reflective of the Company’s underlying performance in a given period from its calculation of Adjusted Earnings. These may include compensation-related items with respect to cost-saving initiatives, such as severance charges incurred in connection with headcount reductions as part of broad restructuring and/or cost savings plans.
Calculation of Non-Compensation Adjustments for Adjusted Earnings
Adjusted Earnings calculations may also exclude items such as:
- Non-cash GAAP charges related to the amortization of intangibles with respect to acquisitions;
- Acquisition related costs;
- Certain rent charges;
- Non-cash GAAP asset impairment charges; and
- Various other GAAP items that management views as not reflective of the Company’s underlying performance in a given period, including non-compensation-related charges incurred as part of broad restructuring and/or cost savings plans. Such GAAP items may include charges for exiting leases and/or other long-term contracts as part of cost-saving initiatives, as well as non-cash impairment charges related to assets, goodwill and/or intangibles created from acquisitions.
Calculation of Adjustments for Other (income) losses for Adjusted Earnings
Adjusted Earnings calculations also exclude certain other non-cash, non-dilutive, and/or non-economic items, which may, in some periods, include:
- Gains or losses on divestitures;
- Fair value adjustment of investments;
- Certain other GAAP items, including gains or losses related to BGC’s investments accounted for under the equity method; and
- Any unusual, one-time, non-ordinary, or non-recurring gains or losses.
Methodology for Calculating Adjusted Earnings Taxes
Although Adjusted Earnings are calculated on a pre-tax basis, BGC also reports post-tax Adjusted Earnings to fully diluted shareholders. The Company defines post-tax Adjusted Earnings to fully diluted shareholders as pre-tax Adjusted Earnings reduced by the non-GAAP tax provision described below and net income (loss) attributable to noncontrolling interest for Adjusted Earnings.
The Company calculates its tax provision for post-tax Adjusted Earnings using an annual estimate similar to how it accounts for its income tax provision under GAAP. To calculate the quarterly tax provision under GAAP, BGC estimates its full fiscal year GAAP income (loss) from operations before income taxes and noncontrolling interests in subsidiaries and the expected inclusions and deductions for income tax purposes, including expected equity-based compensation during the annual period. The resulting annualized tax rate is applied to BGC’s quarterly GAAP income (loss) from operations before income taxes and noncontrolling interests in subsidiaries. At the end of the annual period, the Company updates its estimate to reflect the actual tax amounts owed for the period.
To determine the non-GAAP tax provision, BGC first adjusts pre-tax Adjusted Earnings by recognizing any, and only, amounts for which a tax deduction applies under applicable law. The amounts include charges with respect to equity-based compensation; certain charges related to employee loan forgiveness; certain net operating loss carryforwards when taken for statutory purposes; and certain charges related to tax goodwill amortization. These adjustments may also reflect timing and measurement differences, including treatment of employee loans; changes in the value of units between the dates of grants of exchangeability and the date of actual unit exchange; variations in the value of certain deferred tax assets; and liabilities and the different timing of permitted deductions for tax under GAAP and statutory tax requirements.
After application of these adjustments, the result is the Company’s taxable income for its pre-tax Adjusted Earnings, to which BGC then applies the statutory tax rates to determine its non-GAAP tax provision. BGC views the effective tax rate on pre-tax Adjusted Earnings as equal to the amount of its non-GAAP tax provision divided by the amount of pre-tax Adjusted Earnings.
Generally, the most significant factor affecting this non-GAAP tax provision is the amount of charges relating to equity-based compensation. Because the charges relating to equity-based compensation are deductible in accordance with applicable tax laws, increases in such charges have the effect of lowering the Company’s non-GAAP effective tax rate and thereby increasing its post-tax Adjusted Earnings.
BGC incurs income tax expenses based on the location, legal structure and jurisdictional taxing authorities of each of its subsidiaries. Certain of the Company’s entities are taxed as U.S. partnerships and are subject to the Unincorporated Business Tax (“UBT”) in New York City. Any U.S. federal and state income tax liability or benefit related to the partnership income or loss, with the exception of UBT, rests with the unit holders rather than with the partnership entity. The Company’s consolidated financial statements include U.S. federal, state, and local income taxes on the Company’s allocable share of the U.S. results of operations. Outside of the U.S., BGC is expected to operate principally through subsidiary corporations subject to local income taxes. For these reasons, taxes for Adjusted Earnings are expected to be presented to show the tax provision the consolidated Company would expect to pay if 100 percent of earnings were taxed at global corporate rates.
Calculations of Pre- and Post-Tax Adjusted Earnings per Share
BGC’s pre- and post-tax Adjusted Earnings per share calculations assume either that:
- The fully diluted share count includes the shares related to any dilutive instruments, but excludes the associated expense, net of tax, when the impact would be dilutive; or
- The fully diluted share count excludes the shares related to these instruments, but includes the associated expense, net of tax, when the impact would be anti-dilutive.
The share count for Adjusted Earnings excludes certain shares and share equivalents expected to be issued in future periods but not yet eligible to receive dividends and/or distributions. Each quarter, the dividend payable to BGC’s stockholders, if any, is expected to be determined by the Company’s Board of Directors with reference to a number of factors, including post-tax Adjusted Earnings per share. BGC may also pay a pro-rata distribution of net income to limited partnership units, as well as to Cantor for its noncontrolling interest. The amount of this net income, and therefore of these payments per unit, would be determined using the above definition of Adjusted Earnings per share on a pre-tax basis.
The declaration, payment, timing, and amount of any future dividends payable by the Company will be at the discretion of its Board of Directors using the fully diluted share count. For more information on any share count adjustments, see the table titled “Fully Diluted Weighted-Average Share Count under GAAP and for Adjusted Earnings” in the Company’s most recent financial results press release.
Management Rationale for Using Adjusted Earnings
BGC’s calculation of Adjusted Earnings excludes the items discussed above because they are either non-cash in nature, because the anticipated benefits from the expenditures are not expected to be fully realized until future periods, or because the Company views results excluding these items as a better reflection of the underlying performance of BGC’s ongoing operations. Management uses Adjusted Earnings in part to help it evaluate, among other things, the overall performance of the Company’s business, to make decisions with respect to the Company’s operations, and to determine the amount of dividends payable to common stockholders and distributions payable to holders of limited partnership units. Dividends payable to common stockholders and distributions payable to holders of limited partnership units are included within “Dividends to stockholders” and “Earnings distributions to limited partnership interests and noncontrolling interests,” respectively, in our unaudited, Condensed Consolidated Statements of Cash Flows.
The term “Adjusted Earnings” should not be considered in isolation or as an alternative to GAAP net income (loss). The Company views Adjusted Earnings as a metric that is not indicative of liquidity, or the cash available to fund its operations, but rather as a performance measure. Pre- and post-tax Adjusted Earnings, as well as related measures, are not intended to replace the Company’s presentation of its GAAP financial results. However, management believes that these measures help provide investors with a clearer understanding of BGC’s financial performance and offer useful information to both management and investors regarding certain financial and business trends related to the Company’s financial condition and results of operations. Management believes that the GAAP and Adjusted Earnings measures of financial performance should be considered together.
For more information regarding Adjusted Earnings, see the sections of this document and/or in the Company’s most recent financial results press release titled “Reconciliation of GAAP Income (Loss) from Operations before Income Taxes to Adjusted Earnings and GAAP Fully Diluted EPS to Post-Tax Adjusted EPS”, including the related footnotes, for details about how BGC’s non-GAAP results are reconciled to those under GAAP.
Adjusted EBITDA Defined
BGC also provides an additional non-GAAP financial performance measure, “Adjusted EBITDA”, which it defines as GAAP “Net income (loss) available to common stockholders”, adjusted to add back the following items:
- Provision (benefit) for income taxes;
- Net income (loss) attributable to noncontrolling interest in subsidiaries;
- Interest expense;
- Fixed asset depreciation and intangible asset amortization;
- Equity-based compensation and allocations of net income to limited partnership units and FPUs;
- Impairment of long-lived assets;
- (Gains) losses on equity method investments; and
- Certain other non-cash GAAP items, such as non-cash charges of amortized rents incurred by the Company for its new U.K. based headquarters.
The Company’s management believes that its Adjusted EBITDA measure is useful in evaluating BGC’s operating performance, because the calculation of this measure generally eliminates the effects of financing and income taxes and the accounting effects of capital spending and acquisitions, which would include impairment charges of goodwill and intangibles created from acquisitions. Such items may vary for different companies for reasons unrelated to overall operating performance. As a result, the Company’s management uses this measure to evaluate operating performance and for other discretionary purposes. BGC believes that Adjusted EBITDA is useful to investors to assist them in getting a more complete picture of the Company’s financial results and operations.
Since BGC’s Adjusted EBITDA is not a recognized measurement under GAAP, investors should use this measure in addition to GAAP measures of net income when analyzing BGC’s operating performance. Because not all companies use identical EBITDA calculations, the Company’s presentation of Adjusted EBITDA may not be comparable to similarly titled measures of other companies. Furthermore, Adjusted EBITDA is not intended to be a measure of free cash flow or GAAP cash flow from operations because the Company’s Adjusted EBITDA does not consider certain cash requirements, such as tax and debt service payments.
For more information regarding Adjusted EBITDA, see the section of this document and/or in the Company’s most recent financial results press release titled “Reconciliation of GAAP Net Income (Loss) Available to Common Stockholders to Adjusted EBITDA”, including the footnotes to the same, for details about how BGC’s non-GAAP results are reconciled to those under GAAP.
Timing of Outlook for Certain GAAP and Non-GAAP Items
BGC anticipates providing forward-looking guidance for GAAP revenues and for certain non-GAAP measures from time to time. However, the Company does not anticipate providing an outlook for other GAAP results. This is because certain GAAP items, which are excluded from Adjusted Earnings and/or Adjusted EBITDA, are difficult to forecast with precision before the end of each period. The Company therefore believes that it is not possible for it to have the required information necessary to forecast GAAP results or to quantitatively reconcile GAAP forecasts to non-GAAP forecasts with sufficient precision without unreasonable efforts. For the same reasons, the Company is unable to address the probable significance of the unavailable information. The relevant items that are difficult to predict on a quarterly and/or annual basis with precision and may materially impact the Company’s GAAP results include, but are not limited, to the following:
- Certain equity-based compensation charges that may be determined at the discretion of management throughout and up to the period-end;
- Unusual, one-time, non-ordinary, or non-recurring items;
- The impact of gains or losses on certain marketable securities, as well as any gains or losses related to associated mark-to- market movements and/or hedging. These items are calculated using period-end closing prices;
- Non-cash asset impairment charges, which are calculated and analyzed based on the period-end values of the underlying assets. These amounts may not be known until after period-end; and
- Acquisitions, dispositions and/or resolutions of litigation, which are fluid and unpredictable in nature.
Liquidity Defined
BGC may also use a non-GAAP measure called “liquidity”. The Company considers liquidity to be comprised of the sum of cash and cash equivalents, reverse repurchase agreements (if any), financial instruments owned, at fair value, less securities lent out in securities loaned transactions and repurchase agreements (if any). The Company considers liquidity to be an important metric for determining the amount of cash that is available or that could be readily available to the Company on short notice.
For more information regarding Liquidity, see the section of this document and/or in the Company’s most recent financial results press release titled “Liquidity Analysis”, including any footnotes to the same, for details about how BGC’s non-GAAP results are reconciled to those under GAAP.
Constant Currency Defined
BGC generates a significant amount of its revenues in non-U.S. dollar denominated currencies, particularly in the euro and pound sterling. In order to present a better comparison of the Company’s revenues during the period, which exhibited highly volatile foreign exchange movements, BGC provides revenues year-over-year comparisons on a “Constant Currency” basis. BGC uses a Constant Currency financial metric to provide a better comparison of the Company’s underlying operating performance by eliminating the impacts of foreign currency fluctuations between comparative periods. Since BGC’s consolidated financial statements are presented in U.S. dollars, fluctuations in non-U.S. dollar denominated currencies have an impact on the Company’s GAAP results. The Company’s Constant Currency metric, which is a non-GAAP financial measure, assumes the foreign exchange rates used to determine the Company’s comparative prior period revenues, apply to the current period revenues. Constant Currency revenue percentage change is calculated by determining the change in current quarter non-GAAP Constant Currency revenues over prior period revenues. Non-GAAP Constant Currency revenues are total revenues excluding the effect of foreign exchange rate movements and are calculated by remeasuring and/or translating current quarter revenues using prior period exchange rates. BGC presents certain non-GAAP Constant Currency percentage changes in Constant Currency revenues as a supplementary measure because it facilitates the comparison of the Company’s core operating results. This information should be considered in addition to, and not as a substitute for, results reported in accordance with GAAP.
About BGC Partners, Inc.
BGC Partners, Inc. (“BGC”) is a leading global brokerage and financial technology company. BGC, through its various affiliates, specializes in the brokerage of a broad range of products, including Fixed Income (Rates and Credit), Foreign Exchange, Equities, Energy and Commodities, Shipping, and Futures. BGC, through its various affiliates, also provides a wide variety of services, including trade execution, brokerage, clearing, trade compression, post-trade, information, and other back-office services to a broad range of financial and non-financial institutions. Through its brands, including Fenics®, FMX™, FMX Futures Exchange™, Fenics Markets Xchange™, Fenics Digital™, Fenics UST™, Fenics FX™, Fenics Repo™, Fenics Direct™, Fenics MID™, Fenics Market Data™, Fenics GO™, Fenics PortfolioMatch™, BGC®, BGC Trader™, kACE2™, and Lucera®, BGC offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets. BGC, BGC Group, BGC Partners, BGC Trader, GFI, GFI Ginga, CreditMatch, Fenics, Fenics.com, FMX, Sunrise Brokers, Poten & Partners, RP Martin, kACE2, Capitalab, Swaptioniser, CBID, Caventor, LumeMarkets and Lucera are trademarks/service marks and/or registered trademarks/service marks of BGC and/or its affiliates.
BGC’s customers include many of the world’s largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, and investment firms. BGC’s Class A common stock trades on the Nasdaq Global Select Market under the ticker symbol “BGCP”. BGC is led by Chairman of the Board and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com. You can also follow BGC at https://twitter.com/bgcpartners, https://www.linkedin.com/company/bgc-partners and/or http://ir.bgcpartners.com/Investors/default.aspx.
Discussion of Forward-Looking Statements about BGC
Statements in this document regarding BGC that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, BGC undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC’s Securities and Exchange Commission (“SEC”) filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Media Contact:
Karen Laureano-Rikardsen
+1 212-829-4975
Investor Contact:
Jason Chryssicas
+1 212-610-2426
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Blockchain
Blocks & Headlines: Today in Blockchain – April 2, 2025 | Featuring Ambient, Blockchain Association, Beyond Medical Technologies, and UK Trade Bodies
In the ever-evolving world of blockchain and cryptocurrency, today’s news highlights transformative shifts that continue to reshape the digital landscape. From groundbreaking funding rounds to leadership transitions, and from pioneering applications in healthcare to calls for robust regulatory support, our daily briefing provides a deep dive into the most significant developments of the day. In this comprehensive op-ed-style analysis, we explore five major stories that not only underscore current trends but also offer insights into the future of blockchain, Web3, DeFi, and NFTs.
This article is structured into distinct sections. We begin with an exploration of Ambient’s ambitious funding round aimed at developing a revolutionary blockchain alternative to Bitcoin. Next, we examine the leadership change at the Blockchain Association following Kristin Smith’s departure, and its implications for industry advocacy and innovation. We then turn our attention to the promising intersection of blockchain technology and data security within the medical devices sector, followed by Beyond Medical Technologies’ strategic private placement to advance blockchain infrastructure. Finally, we discuss how UK trade bodies are lobbying for a more aggressive national push toward blockchain and crypto innovation. Throughout the article, our engaging, opinion-driven tone provides not only a summary of events but also critical analysis and commentary on their broader implications.
The digital frontier is advancing at breakneck speed, and blockchain technology remains at its core. As traditional financial systems and emerging digital ecosystems converge, the need for secure, transparent, and efficient technologies has never been more pressing. Today’s briefing delves into these vital developments, offering insights for investors, developers, regulators, and enthusiasts alike.
Introduction: Navigating a New Era in Blockchain and Cryptocurrency
Blockchain and cryptocurrency are at the heart of a technological revolution that is fundamentally altering the way we think about finance, data security, and digital governance. As decentralized technologies continue to mature, they are pushing the boundaries of what is possible in a world increasingly defined by rapid digital transformation. Innovations in blockchain are not just reshaping financial transactions but are also permeating industries as diverse as healthcare, supply chain management, and public policy.
In today’s briefing, we highlight several key trends that encapsulate the current state of the blockchain industry:
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Funding and Investment: Ambient’s recent $74 million funding round underscores the growing confidence of investors in blockchain innovations that aim to address the limitations of legacy systems such as Bitcoin.
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Leadership and Governance: The departure of Kristin Smith as CEO of the Blockchain Association signals potential shifts in advocacy and strategic direction within the industry.
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Industry Applications: The use of blockchain for enhancing data security in medical devices demonstrates the technology’s broad applicability beyond finance, offering solutions to critical challenges in healthcare.
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Infrastructure Development: Beyond Medical Technologies’ private placement emphasizes the importance of building robust blockchain infrastructure to support next-generation applications.
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Regulatory and Policy Support: The proactive stance of UK trade bodies, as evidenced by their call to No. 10, highlights the role of governmental and regulatory support in fostering a thriving blockchain ecosystem.
These themes are not isolated; they interconnect to form a dynamic narrative of growth, challenge, and opportunity in the blockchain space. In the following sections, we will explore each story in detail, drawing on diverse sources and expert insights to offer a comprehensive view of today’s most pressing issues.
Ambient’s $74 Million Funding Round: Building a Blockchain Replacement for Bitcoin
A New Contender in the Blockchain Arena
In a striking display of investor confidence, Ambient has successfully raised $74 million to build a blockchain platform designed as a next-generation alternative to Bitcoin. This ambitious project aims to address the scalability, efficiency, and environmental challenges that have long plagued the original cryptocurrency. Ambient’s innovative approach focuses on creating a more sustainable and adaptable blockchain infrastructure that can better meet the demands of modern digital transactions.
Source: PYMNTS
Ambient’s funding round is a significant milestone not only for the company but also for the broader blockchain industry. In a market that has seen volatility and regulatory scrutiny, securing substantial investment indicates a strong belief in the technology’s potential to revolutionize digital finance. Investors are drawn to Ambient’s vision of a high-performance blockchain that prioritizes speed, security, and environmental sustainability—qualities that many believe are lacking in Bitcoin’s proof-of-work model.
Key Innovations and Technological Advancements
Ambient’s project is built on several groundbreaking innovations aimed at overcoming the inherent limitations of current blockchain protocols:
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Scalability: The new platform is engineered to handle a significantly higher transaction volume than Bitcoin, ensuring smooth and rapid processing even during peak demand.
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Energy Efficiency: By employing a more efficient consensus mechanism, Ambient’s blockchain is designed to reduce energy consumption drastically, addressing one of the most critical criticisms of traditional proof-of-work systems.
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Interoperability: Ambient is committed to creating a blockchain that can seamlessly interact with other digital systems, paving the way for broader integration across different sectors, including DeFi and NFTs.
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Security Enhancements: Advanced cryptographic techniques and innovative network protocols form the backbone of Ambient’s approach to security, ensuring robust protection against potential cyber threats and data breaches.
Market Implications and Strategic Significance
The successful funding of Ambient’s project signals a broader shift in investor sentiment toward blockchain platforms that promise not only technological improvements but also sustainable growth. This development has several key implications for the industry:
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Rethinking Legacy Systems: The move to develop a blockchain replacement for Bitcoin reflects a growing recognition that the first-generation cryptocurrency model has limitations that newer platforms can overcome.
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Investor Confidence: The ability to secure $74 million in funding indicates robust market confidence in the potential for innovative blockchain solutions to capture significant market share.
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Environmental Considerations: With increasing global focus on sustainability, Ambient’s energy-efficient model aligns well with emerging regulatory trends and public expectations, positioning the company favorably in a competitive landscape.
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Catalyst for Innovation: Ambient’s ambitious project may serve as a catalyst for further innovation within the blockchain space, inspiring other startups to explore novel approaches to scalability and efficiency.
Our Analysis and Future Outlook
In our opinion, Ambient’s funding round is a landmark event in the evolution of blockchain technology. It reflects not only the maturation of the industry but also the growing appetite for solutions that can address real-world challenges associated with legacy systems like Bitcoin. Ambient’s vision for a more scalable, secure, and sustainable blockchain is particularly timely as the demand for decentralized solutions continues to rise. As Ambient moves forward, its success will likely hinge on its ability to execute its ambitious roadmap while navigating the regulatory and technical challenges that come with pioneering new technology. Investors, developers, and policymakers will be watching closely as Ambient strives to set a new standard for blockchain infrastructure in the digital age.
Leadership Transition at the Blockchain Association: Kristin Smith Steps Down
A Shift in Industry Advocacy
In a move that has sparked considerable discussion within the blockchain community, Kristin Smith has stepped down as CEO of the Blockchain Association. This leadership transition marks a significant turning point for one of the industry’s most influential advocacy organizations. Smith’s departure raises important questions about the future direction of the Blockchain Association and its role in shaping public policy and industry standards.
Source: Decrypt
Kristin Smith’s tenure was marked by vigorous advocacy for blockchain innovation and regulatory clarity. Under her leadership, the Blockchain Association worked tirelessly to promote a regulatory environment that would foster technological advancement while protecting consumer interests. With her departure, the organization now faces the challenge of maintaining its momentum and ensuring that its advocacy efforts continue to reflect the rapidly evolving landscape of blockchain technology.
Implications for the Blockchain Community
Smith’s exit from the Blockchain Association has several implications:
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Leadership and Vision: The departure of a long-standing leader like Smith can lead to a period of introspection and recalibration within the organization. Stakeholders will be keenly interested in the new leadership’s vision and strategic priorities.
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Regulatory Influence: The Blockchain Association has been a key player in lobbying for policies that support blockchain innovation. Changes in its leadership may influence how the organization interacts with policymakers and shapes regulatory frameworks.
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Industry Confidence: Leadership transitions in influential organizations can have a ripple effect on industry confidence. While some may view the change as a challenge, others see it as an opportunity for fresh ideas and renewed advocacy efforts.
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Strategic Direction: With a new leader at the helm, the Blockchain Association may adopt a different approach to industry collaboration and policy advocacy. This could lead to a shift in focus on emerging areas such as DeFi, NFTs, and Web3 innovations.
Our Perspective on the Transition
From our perspective, Kristin Smith’s departure is both a loss and an opportunity. While her contributions to the Blockchain Association and the broader industry are undeniable, change often paves the way for new perspectives and innovative approaches. The Blockchain Association now has the chance to reassess its priorities and adapt to the rapidly changing digital landscape. It is essential for the organization to remain agile and responsive, continuing to advocate for policies that promote growth while addressing the challenges of regulation and market volatility.
As the blockchain ecosystem continues to evolve, the role of industry advocacy groups like the Blockchain Association will be more critical than ever. Their ability to bridge the gap between innovators, regulators, and the public will play a pivotal role in shaping the future of blockchain technology. We look forward to seeing how the organization reinvents itself and continues to drive positive change in the industry.
Blockchain in Healthcare: Data Security and Medical Device Applications
Securing the Future of Medical Technology
In an era where data breaches and cyber threats are increasingly common, the application of blockchain technology in healthcare has emerged as one of the most promising developments. According to a recent article by Medical Device Network, blockchain’s ability to provide secure, immutable records is revolutionizing data security in medical devices. The technology offers a compelling solution to the challenges of maintaining data integrity, protecting patient information, and ensuring compliance with stringent regulatory standards.
Source: Medical Device Network
Blockchain’s application in healthcare extends far beyond data security. Its decentralized and tamper-proof nature makes it ideally suited for managing sensitive medical records, tracking the lifecycle of medical devices, and ensuring the authenticity of pharmaceutical products. By leveraging blockchain, healthcare providers can mitigate risks associated with data breaches, streamline regulatory compliance, and enhance overall patient safety.
Transformative Potential for the Medical Sector
The integration of blockchain into medical device security offers several transformative benefits:
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Enhanced Data Integrity: Blockchain’s immutable ledger ensures that once data is recorded, it cannot be altered or deleted, thereby preserving the accuracy and reliability of medical records.
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Improved Traceability: In the context of medical devices, blockchain enables comprehensive tracking of device history—from manufacturing to deployment—helping to identify potential safety issues and prevent counterfeit products.
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Regulatory Compliance: With its inherent transparency, blockchain simplifies the process of complying with regulatory requirements, making it easier for healthcare providers to demonstrate adherence to data protection standards.
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Patient Empowerment: By enabling secure sharing of medical records, blockchain empowers patients to control their personal health information while ensuring that it is accessible to authorized parties.
Strategic Implications for Healthcare Providers
The adoption of blockchain in healthcare is a strategic imperative for medical device manufacturers, healthcare providers, and regulatory bodies. As cyber threats continue to evolve, securing sensitive data has become a top priority. Blockchain offers a robust framework that not only enhances security but also improves operational efficiency and patient trust.
In our view, the integration of blockchain technology in healthcare is one of the most significant advancements in data security in recent years. It represents a shift from reactive security measures to proactive, technology-driven solutions that address the root causes of data vulnerabilities. Healthcare organizations that embrace blockchain will be better positioned to safeguard patient data, comply with regulations, and ultimately improve clinical outcomes.
Our Analysis and Future Prospects
From our perspective, blockchain’s role in healthcare is still in its early stages, but its potential is immense. The technology promises to transform the medical sector by providing a secure, transparent, and efficient method for managing critical data. As more healthcare providers recognize the benefits of blockchain, we anticipate widespread adoption that will drive innovation, enhance patient safety, and set new standards for data security in medical technology.
Beyond Medical Technologies’ Private Placement: Advancing Blockchain Infrastructure
Driving Innovation Through Capital Infusion
In a strategic move aimed at accelerating the development of blockchain infrastructure, Beyond Medical Technologies has announced a private placement designed to fund its ambitious projects. This initiative is a testament to the growing recognition of blockchain as a critical infrastructure technology with applications that extend far beyond healthcare.
Source: Newsfile Corp
Beyond Medical Technologies’ private placement is a clear indicator that investors are increasingly committed to supporting the advancement of robust blockchain platforms. The capital raised will be used to enhance the company’s technological capabilities, develop innovative blockchain solutions, and expand its market presence. By focusing on infrastructure, Beyond Medical Technologies aims to lay the foundation for scalable, secure, and interoperable blockchain applications that can serve a wide range of industries.
Strategic Objectives and Technological Impact
The private placement represents a significant milestone for Beyond Medical Technologies, with several key objectives:
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Infrastructure Development: The funds will be used to build and optimize blockchain networks that are capable of handling large-scale transactions and complex data interactions.
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Innovation Acceleration: Investment in research and development will drive innovation, enabling the creation of new blockchain-based solutions that address pressing challenges in data security, supply chain management, and digital identity.
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Market Expansion: The capital infusion will support efforts to penetrate new markets and forge strategic partnerships, positioning Beyond Medical Technologies as a leader in the blockchain infrastructure space.
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Enhanced Interoperability: A major focus will be on developing blockchain platforms that can seamlessly interact with existing digital systems, facilitating greater integration and adoption across diverse sectors.
Broader Implications for the Blockchain Ecosystem
Beyond Medical Technologies’ strategic move is emblematic of a broader trend in the blockchain industry—one where significant investments are being funneled into foundational technologies that promise to drive long-term growth. By strengthening blockchain infrastructure, companies like Beyond Medical Technologies are paving the way for a new wave of applications that will revolutionize how data is managed, secured, and shared across digital ecosystems.
In our opinion, this capital infusion is a critical step toward realizing the full potential of blockchain technology. It signals a shift from experimental deployments to the establishment of reliable, enterprise-grade platforms that can support the digital economy of tomorrow. The success of such initiatives will be instrumental in determining how quickly blockchain technology can be mainstreamed across industries.
UK Trade Bodies Advocate for a National Blockchain and Crypto Push
A Call to Action for National Innovation
In a powerful demonstration of industry influence, trade bodies in the United Kingdom have collectively written to No. 10 Downing Street, urging the government to take decisive action in promoting blockchain and cryptocurrency innovation. This coordinated appeal reflects a growing consensus among industry leaders that national support is essential to drive competitiveness and secure the UK’s position in the global digital economy.
Source: Finextra
The letter from UK trade bodies outlines several key recommendations aimed at fostering a supportive regulatory environment and stimulating investment in blockchain and crypto initiatives. Among the proposals are measures to streamline regulatory processes, increase public funding for blockchain research, and establish partnerships between government agencies and private sector innovators. The overarching goal is to create a dynamic ecosystem that encourages innovation, supports startups, and accelerates the adoption of digital finance solutions.
Strategic Importance and National Impact
The call for a national blockchain and crypto push is not merely about industry growth; it is a strategic imperative for the UK’s economic future. Key points raised by the trade bodies include:
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Enhancing Global Competitiveness: By investing in blockchain technology, the UK can position itself as a global leader in digital innovation, attracting talent and investment from around the world.
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Job Creation and Economic Growth: A thriving blockchain ecosystem has the potential to create new jobs and drive economic growth, particularly in high-tech sectors and digital services.
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Regulatory Clarity and Investor Confidence: Clear and supportive regulatory frameworks are essential for building investor confidence and encouraging long-term investment in blockchain and cryptocurrency projects.
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Public-Private Collaboration: Strengthening ties between government agencies, academia, and the private sector will be critical to driving forward research, development, and adoption of blockchain solutions.
Our Analysis and Future Prospects
In our view, the proactive stance taken by UK trade bodies is a welcome development that could serve as a blueprint for other nations looking to harness the power of blockchain technology. The proposed measures have the potential to unlock significant economic opportunities and propel the UK to the forefront of the digital revolution. However, the success of such initiatives will depend on the government’s ability to translate these recommendations into actionable policies that balance innovation with necessary oversight.
As the global race for blockchain dominance intensifies, national strategies that foster collaboration, streamline regulation, and incentivize investment will be key determinants of success. The UK’s efforts in this regard may well shape the future of blockchain innovation on a global scale.
Synthesis and Strategic Insights: Today’s Major Takeaways in Blockchain and Cryptocurrency
Intersecting Trends and Emerging Themes
Today’s briefing highlights several intersecting trends that are collectively reshaping the blockchain and cryptocurrency landscape:
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Innovation Through Investment: Ambient’s $74 million funding round and Beyond Medical Technologies’ private placement underscore the critical role of capital in driving technological advancements and infrastructure development in the blockchain space.
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Leadership and Governance Transitions: The departure of Kristin Smith as CEO of the Blockchain Association marks a turning point in industry advocacy, with potential shifts in regulatory engagement and strategic priorities.
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Expanding Applications: Blockchain’s transformative impact is evident not only in digital finance but also in sectors such as healthcare, where its application in data security for medical devices is setting new benchmarks for trust and transparency.
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National and Global Policy Initiatives: The proactive efforts by UK trade bodies to galvanize government support highlight the importance of a coordinated policy approach in fostering a vibrant blockchain ecosystem.
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The Dual Nature of Blockchain: While blockchain continues to revolutionize industries with its decentralization and transparency, the need for robust regulatory frameworks and ethical oversight remains paramount to prevent misuse and ensure sustainable growth.
Strategic Recommendations for Industry Stakeholders
Based on our analysis of today’s stories, here are several key strategic recommendations for those involved in the blockchain and cryptocurrency space:
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Embrace Innovation with Caution: While investment in next-generation blockchain platforms is essential, organizations must also implement rigorous security and compliance measures to safeguard against vulnerabilities.
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Foster Leadership and Collaboration: As industry leadership transitions occur, it is critical to maintain a collaborative approach that leverages diverse perspectives and drives unified advocacy for blockchain-friendly policies.
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Expand Use Cases: Companies should explore and invest in emerging applications of blockchain beyond finance, particularly in healthcare, supply chain management, and digital identity, to unlock new value propositions.
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Engage with Policymakers: Active dialogue with regulatory bodies and government agencies is essential to shape policies that support innovation while protecting consumer interests.
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Invest in Infrastructure: Continuous investment in blockchain infrastructure and technological upgrades will be vital to building scalable, secure, and interoperable systems capable of supporting the digital economy of the future.
Our Perspective on the Future of Blockchain and Cryptocurrency
In our expert opinion, the blockchain and cryptocurrency sectors are poised for significant transformation. The infusion of capital, coupled with strategic policy initiatives and a broader recognition of blockchain’s potential across various industries, signals a bright future for decentralized technologies. However, success will depend on striking a balance between rapid innovation and the establishment of robust governance frameworks. As the industry continues to mature, collaboration between investors, technology developers, and policymakers will be the key to unlocking sustainable growth and ensuring that blockchain technology delivers on its promise of transparency, efficiency, and inclusivity.
Conclusion: Today’s Blockchain Landscape and the Road Ahead
Today’s blockchain briefing has provided a detailed snapshot of an industry in flux. We have explored Ambient’s bold move to challenge Bitcoin’s dominance with a new, scalable blockchain platform, examined the significant leadership shift at the Blockchain Association, and highlighted the groundbreaking application of blockchain in securing medical devices. Additionally, Beyond Medical Technologies’ private placement and the UK’s strategic push for a blockchain and crypto revolution underscore the importance of investment and policy support in driving industry growth.
In conclusion, the blockchain and cryptocurrency ecosystem is navigating a complex yet promising path forward. The convergence of innovative funding, transformative applications, and proactive regulatory engagement is setting the stage for a new era of digital innovation. As stakeholders across the industry continue to adapt to these rapidly changing dynamics, one thing is clear: the future of blockchain will be defined by those who can balance bold innovation with strategic foresight and ethical responsibility.
For investors, developers, and policymakers alike, the key takeaway from today’s briefing is the importance of agility and collaboration. The opportunities for disruption are immense, but so are the challenges. By fostering a culture of continuous innovation, engaging in thoughtful dialogue with regulators, and investing in robust infrastructure, the blockchain community can build a more secure, efficient, and inclusive digital future.
As we wrap up today’s edition of “Blocks & Headlines: Today in Blockchain,” we invite you to reflect on these insights and consider how they might shape your own strategies in this dynamic industry. Stay tuned for future updates as we continue to monitor the latest trends and breakthroughs that are redefining the world of blockchain and cryptocurrency.
Together, we stand at the forefront of a revolution that promises to transform every aspect of our digital lives. The journey ahead is filled with challenges, but also unprecedented opportunities for those who dare to innovate and lead with vision. Thank you for joining us on this deep dive into today’s blockchain news—until tomorrow, keep building, keep innovating, and stay informed.
The post Blocks & Headlines: Today in Blockchain – April 2, 2025 | Featuring Ambient, Blockchain Association, Beyond Medical Technologies, and UK Trade Bodies appeared first on News, Events, Advertising Options.
Equity Insider News Commentary
Issued on behalf of Avant Technologies Inc.
VANCOUVER, BC, April 2, 2025 /PRNewswire/ — Equity Insider News Commentary – Artificial Intelligence (AI) is quickly becoming a major force in healthcare, as use of AI applications in medical fields is growing rapidly. Researchers at Dartmouth recently conducted the first clinical trial of a therapy chatbot powered by generative AI (genAI), and found that it resulted in significant improvements in participants’ symptoms. Cleveland Clinic and UAE-based G42 recently started collaborating on the advancement of even more AI in healthcare adoption, signalling an international push in this revolution. Because of this, the market is paying even more attention to developers in tech that are adding tools to the mix, with recent updates coming from Avant Technologies, Inc. (OTCQB: AVAI), Apple Inc. (NASDAQ: AAPL), Amazon.com, Inc. (NASDAQ: AMZN), Spectral AI, Inc. (NASDAQ: MDAI), and GE HealthCare Technologies Inc. (NASDAQ: GEHC).
The article continued: Billionaire Bill Gates recently predicted that he thinks AI will make medical advice free and commonplace, changing healthcare at a rapid pace along the way. Private company Layer Health just raised a fresh $21 million to take on Healthcare AI’s scalability challenges, with investment from Define Ventures, Flare Capital Partners, GV and MultiCare Capital Partners.
Avant Technologies Partner, Ainnova, to Sponsor and Present at 2025 Healthcare Innovation Summit in Mexico City
Avant Technologies, Inc. (OTCQB: AVAI), an emerging leader in AI-driven healthcare innovation, continues to build momentum in the AI-driven healthcare sector through its joint venture with Ainnova Tech, developers of the Vision AI platform. Today, the two companies announced that Ainnova will sponsor and present at the 2025 Mexico Healthcare Innovation Summit—an international event focused on digital transformation and diagnostics.
Ainnova’s CEO, Vinicio Vargas, will present on preventative healthcare powered by artificial intelligence, highlighting the practical impact of its Vision AI platform on early disease detection, which the company recently began designing the clinical trial protocols for ahead of a pre-submission meeting with the US Food and Drug Administration (FDA).
Vargas’s appearance at the event reinforces a consistent strategy for Avant and Ainnova: increasing visibility across key international markets ahead of major regulatory milestones to come.
It also follows Ainnova’s recent strategic alignment with Apollo Hospitals in Southeast Asia, where the Vision AI platform has been cleared for commercial deployment in Brazil, and clinical pilots are being prepared across the Americas.
As previously mentiond, Ainnova is being guided by global CRO Fortrea ahead of the important pre-submission meeting with the FDA. The goal is to seek 510(k) clearance for Vision AI in detecting diabetic retinopathy, a gateway to broader use across multiple chronic disease categories.
Avant and Ainnova jointly control Ai-nova Acquisition Corp. (AAC), which holds global licensing rights to the technology portfolio, including proprietary retinal cameras and algorithms validated on more than 2.3 million clinical data points.
Between FDA progress, high-profile alliances, and a growing international presence, Avant Technologies continues to carve out a niche in the convergence of AI, diagnostics, and preventative care. Investors looking for small-cap exposure to the healthcare AI revolution may want to keep AVAI on the radar as these developments unfold.
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Apple Inc. (NASDAQ: AAPL) is reportedly working on an AI-driven health coach, under the codename Project Mulberry, as a revamped version of its Health app. For a while now, CEO Tim Cook has been promising that Apple’s long-term plans include a big push into more health-related technologies.
According to Bloomberg’s Mark Gurman, Apple could launch this as early as next year alongside a future iOS update. The service would give users tips on diet and exercise, using data from the Health app and Apple devices like the Apple Watch.
It’s still unclear whether this tool will act more like a real medical assistant or just a health and wellness coach. Gurman describes it as an “AI doctor service,” and the report says it’s being trained using real data from doctors and medical professionals. The service might be called Health Plus and could become a major part of Apple’s growing services business.
Amazon.com, Inc. (NASDAQ: AMZN) is pushing deeper into genAI itself, including testing health assistants with a chatbot tool focused on health and wellness, called Health AI, which can answer health and wellness questions, “provide common care options for health care needs,” and suggest products.
Already, Amazon’s shopping chatbot, Rufus, can suggest products like ice packs and ibuprofen. Where Health AI goes further will be in providing users with medical guidance and care tips, such as how to deal with flu or cold symptoms. Health AI also steers users to Amazon’s online pharmacy, along with clinical services offered by One Medical, the primary care provider it acquired for roughly $3.9 billion in 2022.
Spectral AI, Inc. (NASDAQ: MDAI) recently announced strong results from its Burn Validation Study, showing that its DeepView® System outperformed burn physicians in identifying non-healing tissue.
“We believe these are excellent results and we are thrilled with the analysis of our DeepView System in our Burn Validation Study,” said Dr J. Michael DiMaio, M.D. “The DeepView System exceeded our expectations in terms of predictive performance. Following the FDA’s review, if authorized by the agency, our hope is that this tool will provide an objective and immediate prediction of non-healing burn tissue to expedite patient care and reduce system costs across the board. We look forward to bringing this predictive diagnostic tool to the United States marketplace as soon as possible.”
The study, one of the largest of its kind in the U.S., demonstrated DeepView’s superior accuracy using AI and multispectral imaging to assess burn wounds on day one. The company plans to submit the data to the FDA by mid-2025, aiming for De Novo Clearance and rapid commercialization.
GE HealthCare Technologies Inc. (NASDAQ: GEHC) recently unveiled its new Revolution™ Vibe CT system, featuring advanced AI-powered cardiac imaging that delivers fast, accurate scans—even in complex cases like atrial fibrillation or heavy coronary calcification. The system’s Unlimited One-Beat Cardiac imaging and AI-driven workflow aim to improve diagnostic speed, patient comfort, and operational efficiency across healthcare facilities.
“Expanding access to CCTA is crucial for managing the rising prevalence of CVD, ensuring timely and accurate diagnoses for a larger patient population,” shares Jean-Luc Procaccini, President and CEO, Molecular Imaging and Computed Tomography, GE HealthCare. “Our introduction of Revolution Vibe underscores our commitment to this mission. The system is designed to encourage the broader adoption of and access to cardiac imaging, combining advanced technology with AI-powered solutions to deliver fast, accurate diagnoses and a more comfortable patient experience. It is designed to empower healthcare providers to offer the highest quality care, even in the most challenging cases.”
With FDA-recommended CCTA adoption on the rise and cardiac disease still the leading global cause of death, Revolution Vibe is designed to expand access to life-saving imaging and reduce reliance on invasive procedures.
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TORONTO, April 2, 2025 /PRNewswire/ — APX Lending is pleased to announce the Canadian Securities Administrators (CSA) have issued a first-of-its kind decision, granting the company exemptive relief from certain registration and prospectus requirements, dated April 1, 2025 (https://www.osc.ca/en/securities-law/orders-rulings-decisions/apx-inc). This positions APX Lending to be the first crypto-backed lender in Canada to provide borrowers with a secure and compliance-focused solution to access liquidity using their digital assets as collateral.
The global crypto-backed lending market is projected to exceed $45 billion by 2030, underscoring the growing demand for trusted solutions that integrate digital assets into the traditional economy. APX Lending is addressing this demand with an institutional-grade lending platform where users can deposit Bitcoin or Ethereum as collateral and access liquidity through flexible, competitive loan terms.
With industry-leading security, strict adherence to Canadian regulatory directives, and insured cold storage custody, APX Lending offers a level of protection that sets it apart from other lenders. A robust risk management framework facilitates transparency, safety, and security for both retail and institutional borrowers.
“Crypto-backed lending should be safe, secure, and simple to access,” said Andrei Poliakov, founder and CEO of APX Lending. “By engaging with Canadian regulators and leading the way in Canada, we are setting a new benchmark for compliance and security in crypto-backed lending, helping retail and institutional borrowers unlock liquidity while maintaining ownership of their digital assets. This marks a major step toward integrating crypto into mainstream finance and building a truly global, compliance-focused crypto-backed lending ecosystem.”
Beyond its core lending platform, APX Lending is seeing increased interest in its white-label lending solution, which allows banks, financial institutions and other lenders to seamlessly integrate crypto-backed lending into their offerings. With this regulatory milestone, APX Lending is set to begin servicing Canadian clients while further expanding into the US, Australia, New Zealand, and other global markets.
About APX Lending
APX Lending is a crypto-backed lending platform, providing instant liquidity to borrowers while maintaining compliance and security. The company enables retail and institutional borrowers to leverage their digital assets without selling them, offering a secure and compliance-focused borrowing experience. Founded by Andrei Poliakov, co-founder of Coinberry, one of Canada’s oldest and largest regulated crypto exchanges, APX Lending is pioneering the future of regulated crypto-backed lending worldwide.
For more information, please visit https://www.apxlending.com/
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking information within the meaning of applicable Canadian securities laws. In some cases, forward-looking information can be identified by the use of words such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “continue”, and by discussions of strategies that involve risks and uncertainties, certain of which are beyond APX Lending’s control. In this press release, forward-looking information includes, among other things, statements relating to expectations of the size and success of APX Lending’s lending and other business activities. The forward-looking information is based on certain key expectations and assumptions made by APX Lending, including with respect to the ultimate market size and demand for crypto-backed lending in Canada and internationally and all other statements that are not historical facts.
By its nature, such forward-looking information necessarily involves known and unknown risks and uncertainties that may cause actual results, performance, prospects and opportunities in future periods of APX Lending to differ materially from those expressed or implied by such forward-looking statements. Furthermore, the forward-looking statements contained in this press release are made as of the date of this press release and neither APX Lending nor any other person assumes responsibility for the accuracy and completeness of any forward-looking information, and no one has any obligation to update or revise any forward-looking information, whether as a result of new information, future events or such other factors which affect this information, except as required by law.
Additional Information, For additional information, please contact, Media Relations: [email protected]
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