Blockchain Press Releases
Rönesans Holding Spearheads Construction of 286km Electric Railway in Southern Turkiye, Boosting UK-Turkiye Export and Sustainable Transportation
ISTANBUL, Aug. 16, 2023 /PRNewswire/ — Rönesans Holding announces its commitment to the construction of a transformative 286km electric railway network in southern Turkiye, connecting major cities through a high-speed, low-carbon route. This landmark project, authorised by the Turkish Ministry of Transport, will not only bolster international relations and the volume of export between Turkiye and the UK but also contribute significantly to the region’s economic growth and environmental sustainability.
Operating at speeds of up to 200 km/h, this high-speed rail link will reduce travel time from Gaziantep to Mersin from six hours to two hours – the second largest container port in Turkiye and a thriving city of over one million people – by four hours, with the improved transportation connectivity expected to generate a significant economic boost to the area.
With a presence in over 30 countries and a successful track record of delivering more than €40bn of complex and large-scale infrastructure projects worldwide, with over 70% of its revenues generated from international business outside Turkiye, Rönesans Holding brings a wealth of expertise and experience to this ambitious railway endeavour. The project is the latest in the company’s long history of successful strategic partnerships from all around the world, having worked with partners and shareholders including Government of Singapore Investment Corporation (GIC), Meridiam, a Paris-based infrastructure fund, Japanese trading house Sojitz Corporation, and International Finance Corporation (IFC), of the World Bank Group which is a shareholder in Rönesans, and Samsung CT, among others.
Leveraging its global network of over 30,000 professionals, the company is well-positioned to implement the cutting-edge solutions and innovative technologies needed to construct and operate a high-speed electrified railway in an area known to experience seismic activity.
Dr. Erman Ilıcak, President of Rönesans Holding, expressed his enthusiasm for the project, stating, “This railway line is a hugely exciting development for southern Turkiye and will also see Rönesans strengthen its relationships with key UK suppliers. We are delighted to be appointed to the project, and to work together with such prolific UK businesses to bring this high-speed electrified railway to life. This truly collaborative project will not only enhance our relationship with UK exporters, it will also revolutionise rail links in Turkiye, significantly enhancing the region’s industrial connectivity and trade while actively reducing negative environmental impact.”
The financing for this project has been supported by the UK government’s export credit agency, UK Export Finance (UKEF), which has underwritten €781m of funding (equivalent to £680m) of the €923 million total project financing. The loan was provided by a number of global financial institutions, including JP Morgan, ING, and BNP Paribas. This pan-European deal also includes involvement from Italian and Austrian export credit agencies, SACE and OeKB, who will be providing the necessary reinsurance to secure the project for Turkish rail infrastructure.
UKEF’s support for the railway project opens new multimillion-pound export contract opportunities for collaboration between UK suppliers and Rönesans Group. Discussions are already underway to negotiate contracts for essential components, including signalling equipment, ESG consultancy services, and mechanical components. The project’s success is aligned with the growth in national production and construction outputs experienced this year, promising even greater prospects for UK exporters.
This ambitious railway project will play a crucial role in Turkiye’s efforts to achieve its environmental goals and increase high-speed railway coverage in the country to 10,000km. Spanning a distance greater than that between Cardiff and London, the railway will enable faster and more efficient travel, benefitting regional infrastructure and growth. It will also establish strategic connections with airports, ports, and industrial zones in the hinterlands, including many major cities like Adana and Gaziantep, as well as larger cities in Southeastern Anatolia such as Hatay, Diyarbakır, and Şanlıurfa, and also Central Anatolia.
The electric railway will replace the current diesel locomotive-operated railway, providing a lower-carbon and more sustainable alternative between Mersin and Gaziantep. Project forecasts indicate that the completed route will save an impressive 157,000 tonnes in CO2e emissions in its first year alone. By reducing travel time and increasing the usage of railways, it will alleviate traffic congestion and accidents on highways, while promoting a much more sustainable transportation system by reducing carbon emissions.
The project also plays a significant part in the wider reconstruction efforts following the devastating twin earthquakes that struck Turkiye in February 2023. By contributing to the rebuilding of Gaziantep, Osmaniye, and other areas severely impacted by the disaster, the railway will aid in the region’s recovery and growth. Under the leadership of Dr. Erman Ilıcak, the President, and İpek Ilıcak Kayaalp, the Chairperson of the Board of Directors, this is of particular importance to Rönesans, who played a key role in the disaster relief efforts, and remain committed to the cause collaborating with UNICEF and UNFPA on active projects to aid the areas and people affected.
Rönesans Holding is dedicated to fostering sustainable and innovative transportation solutions, and this high-speed electrified railway is a testament to its commitment to environmental stewardship and economic progress.
About Rönesans Holding
Rönesans Holding, headquartered in Ankara, is the 24th largest international contracting company globally and the 8th largest in Europe with international operations in 30 countries across Europe, Central Asia, the Middle East and Africa – including Ballast Nedam in the Netherlands and Heitkamp in Germany, Rönesans has been operating as the main contractor and investor successfully for 30 years across construction, real estate development, energy, healthcare and industrial facilities. Putting resilience and growth through innovation at the core of the company, with a priority on sustainability and social development, Rönesans has developed projects supporting students with scholarships, academic platforms and initiatives; been a signatory of the UN Global Compact since 2015; and a signatory of the UN Women’s Empowerment Principles since 2016.
Along with its partners GIC, Meridiam Infrastructure, Sojitz, Samsung, and IFC, of the World Bank Group (minority shareholder in the group), Rönesans has invested more than EUR7 billion into pioneering projects in Türkiye.
Ceren Yüksel, +905382540053, [email protected]
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Blockchain Press Releases
Bitget Wallet Lists Ecosystem Token BWB on Native Launchpad, Seeks to Capitalize on Market Momentum
VICTORIA, Seychelles, May 20, 2024 /PRNewswire/ — Bitget Wallet, one of the largest multi-chain wallets, has announced that its official ecosystem token will be listed on its native launchpad from May 23, 18:00 (UTC+8). This move marks a significant milestone in Bitget Wallet’s commitment to revolutionizing the digital asset landscape and providing users with unparalleled opportunities for growth and engagement.
Users who have accumulated at least $200 worth of transactions in the month of May on Bitget Swap, the wallet’s native trading platform, will be eligible for the public round of the launchpad.
“For a project to launch its own token, careful and robust consideration of various factors have to be made,” Alvin Kan, COO of Bitget Wallet comments. “A clear understanding of a project’s unique value proposition on the market, together with a strong community to back it, are paramount requirements that need to be met before a token launch. We are satisfied that these conditions have been adequately met at this point in time, which have led us to this strategic move.”
BWB Tokenomics
Following the recent conclusion of the BWB Points campaign, the BWB token, set to launch on Solana, Ethereum, and Base chains, will be capped at a total supply of 1 billion. 47% of this total supply will be allocated to the community treasury and 10% will go to investors, while 5% will be reserved for the pre-TGE (token generation event) airdrop.
Aside from community governance rights, BWB can also be used to cover gas fees on multiple chains, staking, and will qualify holders for future airdrops from Bitget Wallet. The token will soon make its way to the wallet’s native launchpad.
Bitget Wallet Launchpad: Democratizing DeFi
Distinguishing Bitget Wallet from other wallets by providing new and innovative ways to improve the overall user experience has been a central focus of Bitget Wallet’s development roadmap this year. By introducing a native launchpad, the wallet aims to provide an avenue for users to better discover new and upcoming projects that have been carefully vetted by the Bitget Wallet team. In doing so, not only will users be able to better capitalize on various “low risk, high return” opportunities in the DeFi space, it also empowers retail investors to follow smart money and trends in the industry.
“The democratization of investment opportunities is an important goal that we are working towards, as this allows users to participate in high-quality projects and strengthens the participation and reward mechanism of the entire ecosystem,” Alvin says.
Being one of the first wallets on Web3 to integrate a native launchpad also means that users will be able to participate in leading projects right from the convenience of their Bitget Wallet mobile application. The launch of the platform’s ecosystem token on its very own native launchpad marks a pivotal milestone in Bitget Wallet’s aims to expand its global influence and deepen customer engagement.
About Bitget Wallet
Bitget Wallet is Asia’s largest and a leading global Web3 wallet with over 20 million users worldwide. It offers a comprehensive range of features, including asset management, intelligent market data, swap trading, launchpad, inscribing, NFT, DApp, and token earning center. Currently, it supports more than 100 major blockchains, hundreds of EVM-compatible chains, and over 250,000 cryptocurrencies. Bitget Wallet enhances liquidity by aggregating it across hundreds of top DEXs and cross-chain bridges, facilitating seamless trading on nearly 50 blockchains.
For more information, visit: Website | Twitter | Telegram | Discord
View original content:https://www.prnewswire.co.uk/news-releases/bitget-wallet-lists-ecosystem-token-bwb-on-native-launchpad-seeks-to-capitalize-on-market-momentum-302150050.html
Blockchain Press Releases
KuCoin Ventures Announces Strategic Investments in ELFi Protocol to Enhance Derivatives Trading Experience
VICTORIA, Seychelles, May 20, 2024 /PRNewswire/ — KuCoin Ventures, the investment arm of the global cryptocurrency exchange KuCoin, has announced a strategic investment in ELFi, a cutting-edge decentralized derivatives trading platform. This collaboration marks a significant milestone in the evolution of the cryptocurrency derivatives market, emphasizing the strategic partnership between the two entities.
ELFi has been at the forefront of innovation in the decentralized finance (DeFi) space, offering a suite of advanced trading functionalities that cater to both retail and institutional investors. As a pioneer in supporting Portfolio Margin within the P2Pool model, ELFi has demonstrated its commitment to providing sophisticated risk management systems for listing contracts across various risk levels.
The strategic partnership between KuCoin Ventures and ELFi is expected to unlock new opportunities for both parties. Leveraging the industry insights of KuCoin Ventures, ELFi is set to achieve substantial growth. Conversely, ELFi’s innovative trading solutions will diversify services offered by KuCoin Ventures. Some of the key highlights of the partnership include: enhanced liquidity for ELFi, advancements in risk management for all participants and innovation in pool designs.
“KuCoin Ventures is excited to partner with ELFi, a platform that shares our vision for a more open and accessible financial future. This investment is not just financial; it’s a strategic move to integrate ELFi’s innovative trading solutions into our ecosystem, providing our users with a superior trading experience.” Said Johnny Lyu, CEO of KuCoin Exchange.
KuCoin Ventures has been actively seeking out and investing in promising blockchain and cryptocurrency projects that align with its vision of a decentralized and inclusive financial ecosystem. The investment in ELFi is a testament to KuCoin’s commitment to supporting projects that bring transformative solutions to the market.
ABOUT KUCOIN VENTURES
KuCoin Ventures aims to invest in the most disruptive crypto and blockchain projects of the Web 3.0 era. As a community-friendly and research-driven investor, KuCoin Ventures works closely with portfolio projects throughout the entire life cycle, with a focus on DeFi, GameFi, and other Web3.0 infrastructures.
ABOUT ELFi Protocol
ELFi is a decentralized derivatives trading platform that focuses on delivering top-notch trading functionalities. It’s the pioneer in supporting Portfolio Margin within the P2Pool model, and boasts a sophisticated risk management system for listing contracts of various risk levels. Additionally, ELFi introduces innovative liquidity pool designs, offering industry-first zero-risk stablecoin liquidity pools and LSD re-collateralized liquidity pools. It strives to better meet market and user demands through features like risk isolation, asset pricing, and LST asset support.
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View original content:https://www.prnewswire.co.uk/news-releases/kucoin-ventures-announces-strategic-investments-in-elfi-protocol-to-enhance-derivatives-trading-experience-302149886.html
Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations at MARE BALTICUM Gaming & TECH Summit
The financial industry is undergoing a seismic shift as fintech and blockchain technologies pave the way for unprecedented innovation and transformation. At the upcoming MARE BALTICUM Gaming & TECH Summit, a high-profile panel titled “Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations” will delve deep into this exciting evolution. This session will explore how established financial institutions are integrating these advanced technologies to revolutionize services, enhance security, and increase efficiency.
Moderator: Anna Agu
Leading the panel is Anna Agu, CEO and Managing Partner at Lex Law Office OU and Director at Lex Law Office LT UAB. With her extensive legal expertise in the fintech sector, Agu is perfectly positioned to guide the discussion, ensuring a thorough exploration of the delicate balance between maintaining traditional financial principles and embracing innovative technologies.
Panelists:
- Merit Leib – Compliance Consultant at LEIB Regulatory & Compliance Risk Consulting
- Astra Tikas – Founding Board Member of INO (Internet Native Organization)
- Dr. Dean Rakic – Chief Scientist at Blockcontrol
- Saulius Racevicius – Senior Associate of PSP Lab LLP and Board Member of the Fintech Hub LT
- Evaldas Krampas – CEO at SpectroCoin and Head of Crypto Hub Lithuania
Why Attend?
The “Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations” panel at the MARE BALTICUM Gaming & TECH Summit is a must-attend for professionals across the financial sector. Here’s why:
- Gain Comprehensive Insights: Learn from top experts about the latest trends, challenges, and opportunities in fintech and blockchain.
- Regulatory Perspectives: Understand the importance of compliance and how to navigate regulatory challenges effectively.
- Technical Knowledge: Dive deep into the technical aspects of blockchain integration and learn about cutting-edge developments.
- Practical Implementation: Gain practical insights into how traditional financial institutions are successfully integrating new technologies.
- Networking Opportunities: Connect with industry leaders and peers who are driving innovation in finance.
Join Us
This panel provides a unique opportunity to stay ahead of the curve in the rapidly evolving financial landscape. Join us at the MARE BALTICUM Gaming & TECH Summit to explore how fintech and blockchain technologies are reshaping finance and what it means for the future. Engage with industry leaders, gain actionable insights, and network with peers at the forefront of financial innovation.
Secure your spot today and be part of this transformational journey. Don’t miss the chance to be involved in discussions that will shape the future of finance. See you at the MARE BALTICUM Gaming & TECH Summit!
The post Merging Traditions with Fintech and Blockchain Innovations appeared first on HIPTHER Alerts.
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