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Blockchain Press Releases

Peach Tech and MetaComp Launch PIF Token, a Regulatory Registered Real-World Asset Token Scheme

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SINGAPORE, April 17, 2024 /PRNewswire/ — In an innovative move that blends the stability of traditional finance with the flexibility of decentralized finance (DeFi), Peach Tech Limited (via strategic investment manager, Kepler Global Management Limited), and MetaComp Pte Ltd, a Major Payment Institution licensed holder permitted by the Monetary Authority of Singapore (MAS) to provide Digital Payment Token Services, are proud to announce the launch of the Peach Investment Fund Token (PIF Token). This strategic initiative follows the growing integration of blockchain technologies in financial markets, as seen in the successful deployment of Bitcoin ETFs and the rapid expansion of DeFi platforms, allowing Real-World Asset (RWA) tokens to be transferred on the Blockchain while keeping an oversight of ownership and safety of the underlying assets.

The PIF Token Scheme, registered with the MAS’ CISNET, offers a secure and compliant channel for investing in assets like USD deposits, Money Market Funds, and Treasury Bills. The legal and regulatory frameworks governing the PIF Token ensure that it meets stringent standards for safety, compliance, and transparency, making it a true landmark development in the financial sector, boosting investor confidence and enhancing liquidity.

Mr David Koh, Co-Founder of Peach Tech, discussed the strategic impact of the collaboration, stating, “The PIF Token is designed to meet the high standards of liquidity and flexibility demanded by modern investors, blending the best of blockchain efficiency with the robust safety protocols of traditional finance.”

Dr. Bo Bai, Executive Chairman and Co-Founder of MetaComp, highlighted the innovations brought about by the PIF Token, adding, “This token is not just a step towards future-proofing our financial ecosystems, but also a significant advancement towards our belief in being the bridge that links Traditional Finance with Crypto-Finance. We believe that this collaboration will be able to offer both traditional Accredited Investors and Corporation alike with a unique opportunity to leverage digital assets in a safe and compliant manner.”

About Peach Tech Limited (http://peach.tech)

Peach Tech is leading the charge in bridging the gap between traditional financial assets and blockchain technology, developing products that enhance market efficiency, transparency, and accessibility. Headquartered in Hong Kong, Peach Tech continues to push the boundaries of what is possible in finance.

About MetaComp Pte Ltd (www.mce.sg)  

MetaComp is a leading Singapore-based digital asset platform that is licensed and regulated by the Monetary Authority of Singapore (MAS) under the Payments Services Act. Operating under a P2B2C (platform-to-business, partners-to-clients) model, MetaComp provides an integrated end-to-end suite of services to its clients, empowering them to confidently enter the digital asset market with the much-needed safety, security, and compliance. Together with its parent company Metaverse Green Exchange Pte. Ltd (a MAS licensed CMS holder permitted to carry our inter alia, brokerage and custody), MetaComp introduces its suite of services through CAMP by MetaComp, a regulated Client Assets Management Platform, allowing businesses to develop and scale their digital asset offerings through OTC and exchange trading services, fiat payment, digital asset custody and prime brokerage.

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Cision View original content:https://www.prnewswire.co.uk/news-releases/peach-tech-and-metacomp-launch-pif-token-a-regulatory-registered-real-world-asset-token-scheme-302119146.html

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Blockchain Press Releases

KuCoin Campus Survey Reveals: 88% of Participants Eager to Build Careers in Blockchain

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VICTORIA, Seychelles, April 30, 2024 /PRNewswire/ — KuCoin, a leading global crypto exchange, has launched a survey report on Blockchain Education and Career as its new KuCoin Campus initiative, aiming to understand global interest in blockchain education and careers. This effort marks the beginning of their educational campaign, focusing on engaging in offline interaction to enhance learning.

The survey has unveiled a high interest in learning and pursuing a career in the blockchain industry, with responses from over 1900 survey participants, reflecting a promising talent pool that industry partnerships and career guidance can harness, and a substantial market for job opportunities and professional development in this field.

In the heart of KuCoin’s survey, an overwhelming 88% of respondents showcase their eagerness to embark on blockchain careers. This enthusiasm is further evidenced by the 75% of participants who declare a “very high” interest in the blockchain sphere, indicating a widespread recognition of its transformative capabilities.

The survey also delves into the experience levels of blockchain enthusiasts, revealing that 65% of respondents have been engaged with the industry for at least a year, including a notable 15% with over three years of experience. This diverse mix of newcomers and veterans highlights the industry’s dynamic nature and the continuous influx of fresh talent.

Engagement preferences further reflect the community’s diverse approach to blockchain, with 49% favoring investment as a means of learning, followed by the use of blockchain services and applications (39%), and formal education and community involvement trailing closely. This indicates a broad spectrum of entry points into the blockchain world, from financial investment to academic pursuit and community participation.

Moreover, the survey sheds light on the core principles that intrigue participants, with 51% fascinated by blockchain’s potential in reshaping finance and its prospects for high profitability. Regarding practical applications, investing and trading (51%) and the pursuit of passive income (49%) stand out as areas of keen interest, alongside the exploration of AI integration, digital assets, and cross-border payment solutions. This indicates a strong interest in leveraging blockchain for financial gain and innovation.

The survey offers crucial insights for a diverse audience, including investors, organizations, and individuals either working in or aspiring to join the blockchain industry. This initiative represents a strategic step towards aligning KuCoin’s educational efforts with the evolving needs and interests within the blockchain realm. Please read the full report here.

About KuCoin Campus

KuCoin Campus is a global initiative set to unfold through a series of dynamic offline events at schools and colleges around the world. While KuCoin Learn serves as our comprehensive online learning platform, KuCoin Campus extends its educational endeavor into the physical realm. It aims to engage with academic communities, enlightening students and educators alike about the burgeoning world of digital finance and its potential impact on the future.

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Cision View original content:https://www.prnewswire.co.uk/news-releases/kucoin-campus-survey-reveals-88-of-participants-eager-to-build-careers-in-blockchain-302131283.html

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Blockchain Press Releases

Bosera HashKey Bitcoin and Ether Spot ETFs Officially Launch on HKEX with Two-Way Investment Flexibility

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HONG KONG, April 30, 2024  /PRNewswire/ — The Exchange Traded Funds, Bosera HashKey Bitcoin ETF and Bosera HashKey Ether ETF (the “ETFs”) have officially launched on the Hong Kong Stock Exchange today. In respect of the ETFs, Bosera Asset Management (International) Co., Limited and HashKey Capital Limited are the Investment Manager and Sub-Investment Manager respectively. The ETFs are part of the first batch of Bitcoin and Ether spot ETFs to launch in a major financial hub in Asia and they are now listed under the tickers  BTC: 3008.HK (HKD); 9008.HK (USD) and ETH: 3009.HK (HKD); 9009.HK (USD) respectively.

One of the key features of these ETFs is that they introduce an ‘in-kind’ subscription mechanism, which allows investors to directly subscribe for ETF shares using Bitcoin and Ethereum. Investors can purchase the ETFs with Bitcoin or Ethereum and subsequently sell them for cash, or vice versa, enabling seamless two-way investment flexibility.

Additionally, the Bosera HashKey Bitcoin ETF and Bosera HashKey Ether ETF track the CME CF Bitcoin Reference Rate – Asia Pacific Variant and the CME CF Ether-Dollar Reference Rate – Asia Pacific Variant respectively.

“The launch of the Bosera HashKey Bitcoin ETF and Bosera HashKey Ether ETF marks a significant leap forward in democratizing access to cryptocurrencies,” said Deng Chao, CEO of HashKey Capital. “These innovative ETFs not only provide a convenient entry point for investors but also underscore our commitment to driving innovation in the virtual asset ecosystem.”

Importantly, non-Hong Kong nationals can also subscribe for or purchase units in the ETFs if they meet local regulatory requirements, such as passing customer due diligence.

The Bosera HashKey Bitcoin ETF and Bosera HashKey Ether ETF are now available for trading on the Hong Kong Stock Exchange.

Note: The tickers BTC: 3008.HK (HKD); 9008.HK (USD) and ETH: 3009.HK (HKD); 9009.HK (USD)are now officially listed on the Hong Kong Stock Exchange (HKEX).

About HashKey Capital

Global in influence and crypto-native, HashKey Capital is a digital asset and blockchain leader helping institutions, founders and talents advance the blockchain industries.

As one of the largest crypto funds and the earliest institutional investor in Ethereum, HashKey Capital has managed over US$1 billion in client assets since its inception, with over 500 investments in infrastructure, tools, and applications.

With our deep knowledge across the blockchain ecosystem, HashKey Capital has built a robust network connecting founders, investors, developers, and regulators.

For media enquiries, please contact [email protected] ; [email protected] 

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Blockchain

No plans for total crypto ban in Russia, lawmaker says

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A lawmaker in Russia has stated that there are no plans for a total ban on cryptocurrencies in the country. This statement provides clarity on the regulatory stance of the Russian government regarding cryptocurrencies and addresses concerns about potential prohibitive measures.

The clarification from the lawmaker indicates that while Russia may be considering regulations to govern the use and trading of cryptocurrencies, there are no intentions to outright ban their existence or usage. This stance suggests a more nuanced approach to cryptocurrency regulation, aiming to balance innovation and development in the digital asset space with regulatory oversight and consumer protection.

The statement may help alleviate uncertainty and fears within the cryptocurrency community in Russia, as well as among international investors and stakeholders. Clear regulatory guidelines and a willingness to engage with the crypto industry can foster a more conducive environment for innovation, investment, and economic growth.

The lawmaker’s assertion that there are no plans for a total crypto ban in Russia provides reassurance to market participants and signals a potentially more constructive approach to cryptocurrency regulation in the country. It remains to be seen how regulatory frameworks will evolve in Russia, but this statement suggests a willingness to engage in dialogue and develop regulations that support the growth of the crypto industry while addressing regulatory concerns.

Source: crypto.news

The post No plans for total crypto ban in Russia, lawmaker says appeared first on HIPTHER Alerts.

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