Blockchain Press Releases
Membrane’s State-of-the-Art Digital Asset Derivatives Platform Supports Inaugural OTC Trade for XBTO and Arbelos
MIAMI, Jan. 22, 2024 /PRNewswire/ — Membrane Labs, Inc., a leading digital asset management software firm, announces the launch of its next-generation derivatives management platform. The platform enables a seamless end-to-end management of OTC derivatives transactions, including the ongoing management of portfolio-level collateral and trade flow settlement. The platform redefines derivatives trading management in the digital asset space for institutions, solving operational efficiency and risk management issues while providing a superior OTC trading experience. The first trade on the platform took place earlier this week between two industry leaders, XBTO and Arbelos Markets, utilizing Membrane’s end-to-end infrastructure.
“Clients see Membrane’s platform as a game-changer in the digital asset space,” said Carson Cook, CEO of Membrane. “Our technology streamlines derivatives trading and counterparty risk management on one platform. Collaborating with XBTO and Arbelos, we set new standards for institutional access to capital markets and portfolio management. Membrane’s platform enhances the safety and efficiency of the crypto OTC market.”
Mike Geraci, Membrane’s Head of Derivatives, said “Membrane is unlocking the true potential of the OTC derivatives market and solving the fragmented nature of the ecosystem by providing an integrated toolset for direct market access, settlement, custom pairs and valuations, and collateral management. With this infrastructure in place, we expect robust trading volumes and liquidity to gravitate to OTC markets.”
Arbelos Markets is a principal trading firm specializing in derivatives, from the high-touch to programmatic. Joshua Lim, CEO of Arbelos, highlighted the platform’s impact: “Membrane’s platform addresses several critical challenges in our industry. The seamless integration of booking, managing collateral with smart contracts, and executing trades, coupled with advanced margin functions, is a smart approach to crypto derivatives trading. This is a significant step in mitigating operational risks and enhancing our company’s trade efficiency.” Shiliang Tang, President of Arbelos, added, “The ease of updating margin requirements and collateral movement with enhanced visibility through Membrane has significantly simplified our operational processes. This has further provided a level of transparency to the bilateral derivatives landscape that has been sorely lacking within the industry. We’re excited to be pushing the boundaries forward.”
Established in 2015, XBTO offers a comprehensive platform for digital assets and tailored investment solutions catered to sophisticated non-US investors and institutions. Paul Eisma, Head of Options and Trading at XBTO, said, “As a pioneer in institutional crypto finance, XBTO is proud to be a counterparty in the inaugural OTC digital asset options trade using Membrane’s technology. Membrane has developed cutting-edge institutional OTC options tools that cover every aspect of the trading life cycle, including collateral and margin management, RFQ, settlement, and reporting.”
About Membrane Labs
Membrane is a software infrastructure provider for enterprise-grade capital market access integrated with a custody-agnostic settlement network for OTC spot trades, loans, derivatives, and associated collateral management with fully customizable report creation.
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View original content:https://www.prnewswire.co.uk/news-releases/membranes-state-of-the-art-digital-asset-derivatives-platform-supports-inaugural-otc-trade-for-xbto-and-arbelos-302041009.html
Blockchain Press Releases
Modern Lion and Hyundai Card Partner with NEAR Protocol to Revolutionize Concert Culture with Web3 Integration
- ‘Modern Lion’ Set to Launch KONKRIT and Ticketing Services on NEAR Protocol
- Accelerating Collaboration in the Korean and Global Markets by Integrating Web3 Technology into Concert Culture
- Co-hosting the Closing Party of Web3 Global Conference REDACTED 2024
SEOUL, South Korea, Nov. 7, 2024 /PRNewswire/ — Modern Lion and Hyundai Card have joined NEAR Protocol, a global Layer 1 blockchain platform forming a strategic partnership to advance Web3 integration in the concert culture.
Through its NFT platform KONKRIT, Modern Lion addresses ticket scalping—a priority identified by Hyundai Card—by providing a secure, NFT-based ticketing solution. This partnership will expand Modern Lion’s NFT-based ticketing solution on NEAR Protocol, improving security and transparency in ticketing.
Modern Lion has been promoting a healthier concert and show culture through NFT ticketing, successfully preventing scalping at events such as the ‘Hyundai Card Curated 92: Jang BEOM-JUNE’ concert and the immersive cultural experience ‘DaVinci MOTELl’ at Itaewon area, Seoul. With NEAR Protocol’s speed, security, and scalability, Modern Lion is ready to make significant strides in the global market.
The collaboration will focus on supporting Hyundai Card’s event ticketing through NFTs, activating the NFT marketplace, and advancing NFT projects on KONKRIT. Additionally, the partnership will include co-hosting events, joint marketing initiatives, and building brand recognition while strengthening industry networks.
Duhee Lee, CEO of Modern Lion, stated, “This partnership marks a significant step in revolutionizing concert and show culture, blending convenience and security through NFTs and blockchain. By offering NFT tickets and membership services, we will enhance audience experiences and foster transparency in the entertainment industry.” He added, “We aim to grow with the NEAR ecosystem and become a globally recognized blockchain company.”
Illia Polosukhin, CEO of the NEAR Foundation, highlighted, “Korea is one of the centers for real world adoption of blockchain technology and we are excited that NEAR will partner with Hyundai Card and Modern Lion to provide scalable infrastructure and chain abstracted user experiences.”
Modern Lion will also co-host the closing party for the Web3 global conference REDACTED 2024. CEO Duhee Lee will present alongside leading figures from Dragonfly Capital, Pantera Capital, and Edward Snowden, further cementing Modern Lion’s role in the global Web3 arena.
Press Contacts:
Luis Shin / Manager
NEAR Korea
[email protected]
About the NEAR Protocol
NEAR is a highly performant, scalable layer one blockchain and ecosystem with tens of millions of monthly active users leading Web3 in consumer app adoption, Chain Abstraction, and User-Owned AI.
For more information, please visit: https://near.org
About NEAR Korea
NEAR Korea manages the business development for NEAR Protocol in Korea and Asia. Its activities include supporting NEAR Protocol projects, fostering developer communities, and driving marketing and branding efforts.
For more information, please visit: https://nearkorea.org/
About Modern Lion
Modern Lion is a blockchain-focused company founded in June 2022. It aims to make blockchain accessible through its NFT marketplace, KONKRIT, which focuses on practical applications like NFT tickets and memberships. By lowering barriers to blockchain adoption, Modern Lion positions itself as an innovative leader in integrating blockchain technology into everyday life.
For more information, please visit: https://modernlion.io/
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View original content:https://www.prnewswire.co.uk/news-releases/modern-lion-and-hyundai-card-partner-with-near-protocol-to-revolutionize-concert-culture-with-web3-integration-302298746.html
Blockchain
Eric Trump to Speak at Bitcoin’s largest conference in Abu Dhabi this December
The post Eric Trump to Speak at Bitcoin’s largest conference in Abu Dhabi this December appeared first on HIPTHER Alerts.
Blockchain Press Releases
KuCoin’s GemPool Welcomes PiggyPiggyCoin – Stake, Play and Earn
VICTORIA, Seychelles, Nov. 6, 2024 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is thrilled to announce its new addition to GemPool – PiggyPiggyCoin (PGC), the pioneering workplace simulation and social game token on Telegram & TON.
KuCoin’s GemPool is a unique platform that facilitates early access to promising crypto projects by enabling users to stake tokens for farming new project tokens. This innovative approach allows users to leverage their existing crypto holdings to earn rewards, enhancing their engagement with the evolving crypto market. The platform supports a variety of tokens, offering flexible staking options without lock-up periods, which ensures that users can adapt their strategies in response to market conditions. Check the GemPool tutorial here.
PiggyPiggyCoin introduces an engaging game environment where players can employ magical cards to influence gameplay, enhancing interactive dynamics within the blockchain space. The native token $PGC will be fully unlocked at TGE, offering transparent and immediate utility for users.
Beginning November 6, 2024, KuCoin’s GemPool will open for users to stake USDT, KCS, and PGC, allowing them to farm PGC tokens. This strategic initiative not only promotes the new token but also illustrates the unique opportunities that GemPool offers to users wanting early access to exciting new tokens.
Following its presence on GemPool, the PGC listing is scheduled for November 12, 2024, at 12:00 UTC, with trading and withdrawals available shortly after. In addition to regular staking rewards, participants in the GemPool campaign can earn up to a 20% bonus depending on their VIP status and performance in various interactive quizzes and engagements. This is part of KuCoin’s effort to enhance user engagement and reward participation.
Since its debut in August, KuCoin GemPool has launched 14 campaigns, with over 119,000 participants engaging, and over $863,000 asset locked. KuCoin GemPool is excited about this new addition and the potential it brings to the community. By fostering a robust and secure trading platform, KuCoin aims to continue being at the forefront of providing innovative solutions that cater to its diverse user base, enhancing both user experience and market growth.
About KuCoin
Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement, KuCoin offers over 800 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 36 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
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View original content:https://www.prnewswire.co.uk/news-releases/kucoins-gempool-welcomes-piggypiggycoin—stake-play-and-earn-302297486.html
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