Blockchain Press Releases
KERTEN HOSPITALITY TO OPERATE THE HOUSE RESIDENCE IN NEOM’S OXAGON

Billed as upscale serviced apartments at the heart of the city’s first residential community, Kerten Hospitality’s House Residence concept will enable visitors to experience Oxagon’s new model for urban living
DUBLIN, July 26, 2023 /PRNewswire/ — Kerten Hospitality will enter its House Residence brand in Oxagon, home to advanced and clean industries in NEOM. This move will further Kerten Hospitality’s ambitious expansion across the Kingdom of Saudi Arabia. The upscale 200-unit serviced apartments, at the heart of Oxagon’s first residential community, is set to open its doors in 2025.
Reimagining the traditional industrial city, Oxagon is creating a new paradigm for urban living. Offices, world-class recreational and sports facilities, next-generation mobility solutions, and unique hospitality and retail concepts are all seamlessly integrated within communities, in harmony with nature.
Marloes Knippenberg, CEO of Kerten Hospitality, said, “We are envisioning a transformation in the concept of living. The House Residence in NEOM’s Oxagon is more than just a project – it’s a statement of intent to catalyze the evolution of our habitats, foster thriving communities, and redefine the human experience. Our alliance with NEOM at Oxagon marks a crucial step as we contribute to the extraordinary transformation of Saudi Arabia. As the nation unfolds its tourism potential, we stand on the brink of a new era of global exposure. NEOM is set to be the beacon guiding this transformative tide, and our aim is to anchor the vibrant communities being built in Oxagon.”
Vishal Wanchoo, CEO of Oxagon added, “One of the many reasons we’re excited about working with Kerten Hospitality is the way they interact and work with local talent and entrepreneurs to curate experiences and innovations tailored to our future residents. We feel that The House Residence concept embodies the neighbourhood atmosphere and lifestyle from the integration of F&B to advanced technologies, that’s core to the mixed-use residential communities we’re building here at Oxagon.”
Chris Newman, Executive Director, NEOM Hotel Development, commented: “The concept of successfully combining traditional hotel stays with a longer residential component is exemplified in Kerten Hospitality’s portfolio. And this approach, when underpinned by the group’s stellar reputation for delivering service that is unmatched both in quality and warmth, perfectly aligns with the target audience for Oxagon, many of whom will be seeking an experience that captures the spirit of community living.”
NEOM, located in Saudi Arabia’s northwestern region, is anticipated to become a global leader in sustainable urban living and enhanced livability, standing out among the country’s key giga-projects. Upon completion, NEOM will be fully powered by clean energy, utilizing renewable resources such as solar, wind, and green hydrogen-based energy.
In May 2023, the Ireland-based Kerten Hospitality Group announced ‘The Collective’ in Saudi Arabia. This initiative unites several projects from the group across the Kingdom of Saudi Arabia, signifying a combined investment of SAR 1.5 billion. As a premier lifestyle hospitality company, Kerten Hospitality is not only dedicated to introducing new projects but also to fostering collaborations with investors and government bodies. These endeavors serve to boost local communities and reflect the group’s significant commitment and investment in Saudi Arabia’s hospitality sector.
About Kerten Hospitality
Kerten Hospitality is an end-to-end lifestyle hospitality operator creating bespoke destinations, experiences, and communities. The Group manages and operates hospitality projects that transform destinations through impactful collaborations with own and/or other Food & Beverage, Retail, Entertainment, Art, and Wellness brands focusing on curating Ecosystems and unique community-centric environments.
The Group has 12 lifestyle brands and 11 operational projects, part of a global footprint of 50 projects across three continents and in key destinations: Italy, Jordan, the Kingdom of Saudi Arabia, Morocco, Kuwait, Egypt, Georgia, Turkey, and the United Arab Emirates.
About NEOM
NEOM is an accelerator of human progress and a vision of what a new future might look like. It is a region in northwest Saudi Arabia on the Red Sea being built from the ground up as a living laboratory – a place where entrepreneurship will chart the course for this new future. It will be a destination and a home for people who dream big and want to be part of building a new model for exceptional livability, creating thriving businesses and reinventing environmental conservation.
NEOM will include hyperconnected, cognitive cities, ports and enterprise zones, research centers, sports and entertainment venues and tourist destinations. As a hub for innovation, entrepreneurs, business leaders and companies will come to research, incubate, and commercialize new technologies and enterprises in groundbreaking ways. Residents of NEOM will embody an international ethos and embrace a culture of exploration, risk-taking and diversity.
For further information email media@NEOM.com or visit www.NEOM.com and www.NEOM.com/en-us/newsroom.
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Blockchain Press Releases
HTX Premieres USD1 Stablecoin Globally, Partnering with World Liberty Financial to Forge a New Era of Decentralized Economy

SINGAPORE, May 6, 2025 /PRNewswire/ — HTX, a leading global cryptocurrency exchange, has officially announced the listing of the USD1 stablecoin, becoming the first platform worldwide to support trading of this asset. This milestone underscores HTX’s ongoing commitment to supporting high-quality blockchain projects and advancing the cryptocurrency ecosystem. USD1, a compliant stablecoin issued by World Liberty Financial (WLFI), is pegged 1:1 to the US dollar. The stablecoin is custodied by BitGo Trust Company, ensuring full compliance with US financial regulatory standards and providing users with a reliable digital asset solution.
USD1’s Vision: Disrupting Legacy Financial Systems
During TOKEN 2049, Justin Sun, Advisor to HTX and Founder of TRON engaged in a discussion with Eric Trump, son of the US President, and WLFI Co-founder Zach Witkoff. Zach directly addressed three fundamental challenges within the traditional financial system:
- Lack of Transparency in Traditional Finance
- Financial Exclusion of a Significant Global Population
- Inefficient Cross-Border Payment Processes
The introduction of USD1 directly addresses these issues, aiming to redefine the concept of stablecoin. The goal for USD1 is to become the most compliant, transparent, and trustworthy stablecoin globally, evidenced by monthly audit reports and complete openness regarding its underlying asset reserves for institutional scrutiny. Eric Trump lauded the proactive role of compliant and transparent stablecoins like USD1 in promoting the internationalization of the US dollar and expressed optimism about the transformative potential of blockchain technology in reshaping traditional finance.
Justin emphasized that financial freedom is a core tenet of blockchain technology. The launch of USD1 and the collaboration with WLFI represent a significant step towards the convergence of DeFi and TraFi, with the aim of enabling every user to effortlessly utilize stablecoins via their mobile devices and participate in the global financial system.
As of May 6, USD1 has achieved a total market capitalization of approximately $2.12 billion, ranking prominently at 45th on CoinMarketCap, demonstrating rapid growth.
HTX Empowers Premium Projects, Fostering Long-Term Crypto Ecosystem Growth
As a leading global cryptocurrency exchange, HTX is committed to its listing strategy of “supporting quality projects and creating value for users.” Leveraging rigorous research capabilities and efficient execution, HTX provides users with a diverse selection of high-quality digital assets. USD1, with its strong issuing team background, clear asset collateralization mechanisms, stringent audit processes, transparent regulatory pathway, and ambitious vision for financial freedom, aligns with HTX’s established criteria for selecting premium assets. By being the first to list USD1, HTX offers its users enhanced investment options while simultaneously promoting the widespread adoption of blockchain technology within the global financial framework.
From WLFI’s perspective, choosing HTX as the primary listing platform for USD1 was a strategic decision based on the exchange’s comprehensive global market competitiveness. HTX consistently leads the industry in user base, trading volume, ecosystem development, and technological security.
Special Promotion for USD1 Launch on HTX
To commemorate the initial listing of USD1, HTX is offering a limited-time zero-fee trading promotion. From May 6, 2025, at 11:00 to December 31, 2025, at 23:59 (GMT+8), the USD1/USDT spot trading pair will be available with zero transaction fees. HTX’s rapid response and seamless user experience provide global users with an exceptional opportunity to participate early in the USD1 ecosystem.
Powerful Alliance Forges a New Chapter in Decentralized Finance
The launch of USD1 signifies a pivotal advancement in the stablecoin landscape. As the premier global listing platform for USD1, HTX, with its robust ecosystem resources and global influence, provides boundless possibilities for the rapid adoption and expanded use cases of USD1.
As Justin articulated at the TOKEN 2049 summit, “We stand at a historical juncture where blockchain technology will redefine the boundaries of financial freedom.” Moving forward, HTX will continue to uphold its principles of openness and innovation, collaborating with leading global projects to provide users with safer, more convenient, and efficient digital asset services, collectively shaping a remarkable future for decentralized finance.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord.

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View original content:https://www.prnewswire.co.uk/news-releases/htx-premieres-usd1-stablecoin-globally-partnering-with-world-liberty-financial-to-forge-a-new-era-of-decentralized-economy-302447368.html
Blockchain Press Releases
JuCoin made a global impact at TOKEN2049 Dubai, advancing its ecosystem with the “Peak Experience” vision and JuChain’s robust tech.

SINGAPORE, May 6, 2025 /PRNewswire/ — JuCoin, a global leader in cryptocurrency trading and Web3 ecosystem development, recently hosted a series of landmark strategic initiatives during TOKEN2049 Dubai (April 30 – May 1, 2025), one of the world’s premier Web3 summits. The event brought together over 15,000 industry leaders and 4,000 enterprise representatives from more than 150 countries, with over 70% in C-level positions—cementing its status as a barometer of global Web3 development.
As a Platinum Sponsor, JuCoin showcased its rapidly expanding ecosystem through three core pillars: keynote speeches, tech showcases, and elite networking. These efforts not only highlighted JuCoin’s growing influence but also propelled the global exposure and adoption of its high-performance Layer 1 blockchain JuChain and its first native protocol, Butterfly—connecting key developers, investors, and strategic partners worldwide.
Booth Experience: Immersive Engagement with JuCoin’s “Peak Moments” Philosophy
At the main venue of TOKEN2049, JuCoin’s immersive brand booth became a standout hub for deep engagement. Centered around the core concept of “Designed for Peak Moments,” the booth integrated interactive experiences, limited-edition merchandise, and in-depth insights into the JuCoin ecosystem. This transformed JuCoin’s pursuit of exceptional user experience from an abstract idea into tangible brand interaction, effectively conveying its commitment to enhancing both the usability and emotional value of Web3.
CEO Insights: Drawing Inspiration from Luxury to Drive Web3 Adoption Through Peak Experiences
On April 30, JuCoin CEO Sammi Li delivered a strategic keynote titled “From Luxury to Crypto — Designing Peak Moments in User Experience” on the main stage. She highlighted that while most crypto products today focus heavily on technical metrics, they often overlook users’ deep need for trust and positive emotional resonance during high-value interactions—an area where the luxury industry excels by crafting unforgettable “peak moments” to foster loyalty.
Sammi emphasized that for Web3 to achieve mass adoption, the industry must shift from “tech for tech’s sake” to a “user experience first” mindset. This includes infusing empathy and refined detail across critical user touchpoints—from onboarding and user flows to customer support, documentation, and community engagement. She explained that JuCoin is implementing this philosophy by systematically optimizing its full product suite—including JuChain, JuChat (a social platform), and JuGame (a gaming platform)—to significantly lower the barrier to entry while boosting user delight and trust. Her speech not only outlined JuCoin’s product vision but also served as a rallying call to the broader Web3 community: invest in the experience ecosystem, put users at the center, and drive the next wave of Web3 growth together.
“The Great Gatsby” Afterparty: A High-Impact Social Arena for Web3 Elites and Capital Synergy
Beyond the packed schedule of TOKEN2049, JuCoin curated an elegant and efficient platform for deep networking among global Web3 elites. On the evening of April 30, JuCoin hosted a themed afterparty titled “The Great Gatsby – JuFusion DJ Party“ at the iconic Gatsby Dubai. Inspired by the vintage luxury aesthetic of the classic novel, the event attracted nearly 3,000 registrants, including top-tier project teams, investment institutions, and key opinion leaders (KOLs), quickly becoming one of the most high-profile and valuable social hubs of Dubai Web3 Week.
This meticulously crafted party offered not just a unique social atmosphere—with an AR interactive check-in area, thematic art installations, and a cross-genre performance by internationally renowned electronic music group JuFusion—but also played a catalytic role in connecting innovation with venture capital. Exciting activities such as BTC price prediction games, Golden Key NFT raffles, and the grand prize “Ultimate Treasure” backed by JuCoin Launchpad’s end-to-end incubation support, effectively energized the crowd and sparked potential collaborations. Notably, JuCoin Labs announced a priority investment pathway for the hackathon’s winning team during the event and held in-depth strategic discussions with over a dozen promising startups, actively leveraging its resources to accelerate the commercialization and globalization of high-quality Web3 innovations.
JuChain Hackathon Demo Day: Showcasing Technical Power and Unleashing On-Chain Innovation
Technical innovation remains the driving force behind the JuCoin ecosystem. On May 1, JuChain—the high-performance public chain under JuCoin—successfully hosted the final Demo Day of its second global hackathon at The H Dubai Hotel. The event focused on two cutting-edge themes: On-Chain Traffic Hubs and Decentralized Edge Computing, attracting nearly 100 top developer teams globally to compete across six tracks, including Core Tech Innovation, ZK-Rollup Integration, Traffic Scenario Breakthroughs, Cross-Chain Interoperability, and Decentralized Content Platforms.
JuChain’s robust infrastructure—featuring ~2-second finality enabled by its JPoSA consensus mechanism, full EVM compatibility (reducing migration costs by up to 70%), and ultra-low base transfer fees of under 0.001 JU (about 90% lower than solutions like Base)—provides a solid foundation for developers building the next generation of Web3 applications.
This Demo Day was not only a public stress test for JuChain’s performance and stability but also a key platform connecting top-tier developer talent with leading venture capital. A jury composed of elite VCs, renowned industry KOLs, and JuCoin’s core technical experts rigorously evaluated the finalists. Winning teams shared a prize pool of up to $500,000 and gained priority access to investment evaluations and deep incubation opportunities from JuCoin Labs.
Several standout projects demonstrated the strength and diversity of the JuChain ecosystem:
CancerDAO (@CancerDAOxyz): A DeSci data DAO powered by blockchain and AI, dedicated to connecting global cancer patients, researchers, and clinicians through a decentralized, secure, and trusted data-sharing platform. It aims to break institutional and geographic silos, accelerating cancer treatment innovations by solving critical issues such as data isolation and low collaboration efficiency in traditional research.
BUNANA (@bunana_ai): An AI-powered intelligent trading tool that leverages advanced machine learning models and quantitative strategies to provide Binance users with real-time market analysis, smart position management advice, and one-click execution—boosting trading efficiency and accuracy.
Didotxyz_ (@Didotxyz_): Focused on building a decentralized AI ecosystem, this project introduces an innovative “staking token model” to incentivize global sharing of computing and storage resources, offering users more cost-effective and efficient access to AI tools—driving forward the democratization of AI.
ubinetworkdepin (@ubinetworkdepin): A DePIN (Decentralized Physical Infrastructure Network) aggregator platform that simplifies participation in over 40 DePIN mining projects through a one-stop application portal, significantly lowering the entry barrier for mainstream users in the DePIN space.
Particularly noteworthy is the launch of Butterfly (BF)—the inaugural ecosystem protocol released alongside JuChain’s mainnet (Chain ID: 210000). Targeting the promising decentralized AI edge computing sector, its native token $BF received an enthusiastic market response, with initial price surging over 20%. This not only validates the sector’s appeal but also marks early market confidence in JuChain’s technical strength and ecosystem growth potential.
Conclusion: Technology-Driven Ecosystem Evolution – JuCoin Leads the Future of Web3
In summarizing JuCoin’s journey at TOKEN2049 Dubai, CEO Sammi Li emphasized:
“Dubai Blockchain Week and TOKEN2049 represented a strategic milestone for JuCoin. Through our keynote speech, we articulated a product philosophy and industry vision centered on user experience. Through the Hackathon Demo Day, we demonstrated JuChain’s robust technical strength and its compelling value proposition for developers. Through the Gatsby Afterparty, we successfully built a high-efficiency bridge between capital and innovative projects. JuCoin and JuChain are accelerating the development of a full-stack Web3 ecosystem—from infrastructure and middleware protocols to application layers—anchored by a high-performance public chain and powered by cutting-edge protocols like Butterfly, all while keeping user experience at the heart of everything we build.”
Through its deep involvement and strategic presence at TOKEN2049 Dubai, JuCoin not only strengthened its engagement with the global Web3 community but also vividly showcased the vitality of its ecosystem. The event further solidified JuCoin’s position as an industry pioneer and powerful ecosystem builder. With the continued stable operation of the JuChain mainnet and the ongoing growth of native protocols such as Butterfly, the JuCoin ecosystem is poised to attract more diverse and high-quality applications—contributing key momentum toward bringing Web3 technologies into mainstream adoption and shaping a broader, more dynamic future.
About JuCoin
Founded in 2013, JuCoin is one of the earliest established cryptocurrency exchanges in the world. It has consistently focused on providing secure, professional, and innovative digital asset trading and management services to a global user base. The JuCoin ecosystem spans multiple verticals, including the high-performance public chain JuChain, decentralized social platform JuChat, gaming aggregation platform JuGame, and Web3 smart device JuOne, all designed to deliver a seamless, secure, and engaging next-generation internet experience. JuCoin has established deep collaborations with over 300 partners across AI, DeFi, RWA, and other cutting-edge sectors, serving millions of users across 100+ countries and regions worldwide.
View original content:https://www.prnewswire.co.uk/news-releases/jucoin-made-a-global-impact-at-token2049-dubai-advancing-its-ecosystem-with-the-peak-experience-vision-and-juchains-robust-tech-302447271.html
Blockchain Press Releases
Interlace Breaks New Ground in Web3 Finance with CaaS at Token2049

NEW YORK, May 6, 2025 /PRNewswire/ — On May 1st, the global blockchain industry event Token2049 concluded successfully, marking a significant moment for Web3 and fintech innovations. Interlace, a leading Web3 fintech company, made its debut at the event, capturing widespread attention with its cutting-edge Card-as-a-Service (CaaS) solution. The company showcased its deep industry insights and strategic expansion plans for the Middle East market, positioning itself as a key player in the region’s Web3 ecosystem. Interlace’s presence attracted a diverse range of stakeholders, including Web3 enterprises, industry pioneers, developers, institutional investors, and ecosystem partners.
Redefining what is possible in Web3 with Cards as a Service
As a global leader in financial infrastructure services, Interlace has consistently driven the integration of Web2 and Web3 ecosystems through technological innovation. At Token2049, the company highlighted its industry-leading CaaS solution, a comprehensive platform that simplifies the entire process from wallet management to card issuance.
Key features of the CaaS offering include:
- 30+ BIN Configurations: Enhancing flexibility for global financial compatibility.
- Wallet Deposit Address Generation: Providing seamless management of funds.
- KYT (Know Your Transaction) Compliance: Ensuring secure, compliant crypto deposits.
- Cardholder KYC Verification: Available via API or custodial mode to validate user identity.
- Built-in Risk Control and Anti-Fraud Systems: Protecting users and businesses from fraud.
- Regulatory-Compliant Custodial Infrastructure: Ensuring full transparency and security of fund flows.
These features come together to provide a robust solution that seamlessly bridges the gap between the Web3 world and traditional financial systems, enabling more secure, transparent, and accessible financial services.
White-Label Customization: Empowering Clients with Brand Differentiation
Interlace also offers a flexible white-label card solution that allows businesses and institutions to fully customize card designs, enabling them to build distinctive brand identities. With the Interlace CaaS solution, clients can issue both physical and virtual cards in as soon as two weeks, accelerating time-to-market for crypto-based financial products.
The cards are fully compatible with popular digital wallets, including Apple Pay and Google Wallet, facilitating seamless crypto-to-fiat conversions and empowering users to spend both crypto and fiat currencies effortlessly—anytime, anywhere. This functionality unlocks the true potential of on-chain assets, offering users a level of “spending freedom” previously unavailable.
Real-Time Experience with the Infinity Card
During Token2049, Interlace offered a hands-on demonstration of its flagship product, the Infinity Card, which provided attendees with a limited-time gift card. This allowed users to experience the seamless transition from on-chain asset management to off-chain spending. As one Web3 participant noted, “Interlace has simplified the complexities of on-chain asset liquidity and conversion into a globally accepted payment card. This is a pivotal step toward turning blockchain technology into a practical, mainstream financial tool.”
Currently, the Interlace CaaS solution has been widely adopted by crypto exchanges, wallets, OTA platforms, AI companies, gaming firms, advertising platforms, and online subscription services. Notably, for Token2049, Interlace partnered with Web3 travel and lifestyle platform Umy, offering users exclusive discounts when booking flights and hotels in Dubai through Umy. Users could also pay with the Infinity Card using cryptocurrency, further demonstrating the compatibility of CaaS with traditional consumer scenarios.
Partnerships and Collaborations: Strengthening the Ecosystem
Interlace’s presence at Token2049 was not limited to the main event. The company actively engaged in key side events such as 1001 Crypto Nights and Hack Seasons Conference, where it networked with Web3 professionals, thought leaders, and potential collaborators. As part of its strategic efforts, Interlace also partnered with Umy, a Web3 travel and lifestyle platform. Through this collaboration, Interlace users were offered exclusive discounts on flights and hotel bookings, with the added benefit of paying with the Infinity Card using cryptocurrency. This partnership further demonstrates the compatibility of CaaS with traditional consumer scenarios, expanding the utility of crypto assets in everyday life.
Building a Middle East Strategy: Compliance as the Cornerstone of Growth
The Middle East has rapidly emerged as a strategic hub for global Web3 enterprises, driven by Dubai’s open regulatory environment and concentration of high-net-worth capital. Interlace’s debut at Token2049 marks a key milestone in its global expansion strategy, with a particular focus on the Middle East market. As CEO Michael Wu noted, “The Middle East is a core node in Interlace’s mission to build a global Web3 financial network. By combining our extensive compliance technology expertise with localized market needs, we are accelerating the integration of blockchain and traditional finance.”
At Token2049, Interlace was able to demonstrate its technical expertise and regulatory-compliant operational capabilities. As its expansion into the Middle East continues, Interlace aims to become a benchmark for the “Compliance + Technology” innovation model, driving the large-scale adoption of crypto payment services across industries such as consumer goods, trade, and travel.
Impressive Milestones and Future Outlook
Founded in 2019, Interlace has achieved PCI-DSS Level 1 certification, the highest security standard for card payments, and holds key international licenses, including Hong Kong TCSP, U.S. MSB, and Lithuania VASP. To date, Interlace has issued over 6 million cards, serving more than 7,500 enterprises, and processing over 60 million transactions annually. The company’s continuous growth and expansion highlight its dedication to building secure, compliant, and scalable solutions for the global Web3 financial ecosystem.
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View original content:https://www.prnewswire.co.uk/news-releases/interlace-breaks-new-ground-in-web3-finance-with-caas-at-token2049-302446708.html
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