Blockchain
Fenergo Partners with BENEFIT to Create National eKYC Utility in Bahrain
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Fenergo, a leading provider of digital Client Lifecycle Management (CLM) solutions for financial institutions, today announces that it will be working with Bahrain’s Electronic Network for Financial Transactions (BENEFIT) in designing and implementing the world’s first national Know Your Customer (KYC) utility that incorporates blockchain technology. The utility platform will support sectors including retail and corporate banking, asset management as well as insurance and telecommunications in the future. Fenergo deployed the first phase of the eKYC implementation project in just four weeks.
Financial institutions that subscribe to BENEFIT can instantly complete KYC and Anti-Money Laundering (AML) compliance procedures when onboarding new individual and corporate customers through the Fenergo-powered eKYC hub and rules engine utilising blockchain. The centralisation of customer data removes the need for duplicate requests for information, enabling financial institutions to onboard new customers and products swiftly and seamlessly. The elimination of manual processes reduces costs and improves operational efficiencies, ultimately optimising customer experiences.
The Fenergo API-first solution enables financial institutions to verify customer identity via biometric identity and verification (ID&V) technology which links to Bahrain national identity card data before instantly connecting to the eKYC hub. This will prompt Fenergo’s rules engine to determine the required KYC and AML data and documentation for customer due diligence (CDD) as subscribed by Central Bank of Bahrain. Once the customer is quickly and successfully onboarded, Fenergo will write data attestations to the blockchain for reuse by other financial institutions within the Bahrain ecosystem.
On this occasion, BENEFIT’s Chief Executive Officer Abdulwahed AlJanahi said, “BENEFIT is committed to supporting financial institutions on their journey to digital transformation. By partnering with disruptive technology companies like Fenergo, we can deliver on our promise to help financial firms streamline and simplify the collection and management of customer data, improving customer experiences and minimising fraud.”
Marc Murphy, CEO, Fenergo: “Regulatory mandated KYC utilities represent a massive opportunity to enable significant efficiency, improve customer experience and help drive regulatory certainty. In a digital economy, where open banking and customer choice are at the forefront, making the KYC process digital is a huge enabler for any digital transformation initiative. At Fenergo, we are honoured to partner with BENEFIT and the Bahrain regulator to deliver the KYC technology of the future.”
Fenergo is developing the cloud-based utility as part of an initiative mandated by the Central Bank of Bahrain (CBB) to enable financial institutions to seamlessly perform CDD checks for enhanced customer experiences and regulatory certainty. The initiative is part of a wider Government scheme, Economic Vision 2030, to improve the Kingdom’s economy.
SOURCE Fenergo
Blockchain
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Blockchain
Blocks & Headlines: Today in Blockchain – May 28, 2025 (Angermayer, Soneium, ASIC, Guo, DMG)
Blockchain technology and cryptocurrencies continue to evolve at breakneck speed, driving new partnerships, regulatory battles, service launches, and environmental innovations. Today’s briefing highlights five pivotal developments:
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Christian Angermayer’s investment in Uranium Digital, signaling a shift toward tokenized commodities.
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Sony’s Soneium launch, embedding Web3 into entertainment via a layer-2 blockchain.
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ASIC’s lawsuit against a former Blockchain Global exec, underscoring regulatory scrutiny over exchange failures.
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Cointelegraph’s coverage of civil proceedings against Liang “Allan” Guo, reinforcing Australia’s hard line on director accountability.
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DMG Blockchain’s carbon-neutral Bitcoin transactions, blending green initiatives with custody services.
We’ll unpack each story with concise coverage, opinion-driven commentary, and “Source” attributions—arming you with context and SEO-rich keywords like blockchain, cryptocurrency, Web3, DeFi, and NFTs.
1. Christian Angermayer Backs Uranium Digital’s Tokenized Commodities
Summary: Christian Angermayer, the German biotech billionaire and prominent crypto investor, has joined Uranium Digital as a strategic investor and advisor—aiming to bring uranium trading onto blockchain rails and open commodities markets to tokenized liquidity .
Analysis & Commentary:
Angermayer’s move represents a pivotal moment for asset tokenization, blending commodity markets with DeFi liquidity. By leveraging blockchain’s transparency and fractional ownership, Uranium Digital could democratize access to a market historically reserved for large institutional players. However, regulatory frameworks for nuclear materials are stringent—navigating cross-border compliance will be as critical as the technical on-chain architecture. This partnership may set a precedent for other “hard asset” tokenization ventures seeking both capital and credibility.
Source: Fortune/Yahoo Finance
2. Sony’s Soneium: A Layer-2 Web3 Revolution for Entertainment
Summary: Sony’s new layer-2 blockchain, Soneium, launched in January 2025 to facilitate fast, low-cost transactions for gaming, NFTs, and creator economies. Built on Ethereum’s OP Stack, it has processed over 70 million transactions and hosts 62 dApps, including partnerships with Bandai Namco and Gaudiy.
Analysis & Commentary:
With Soneium, Sony is not just experimenting with blockchain; it’s reimagining digital ownership in entertainment. By targeting high-volume use cases—gaming items, fan tokens, event ticketing—Sony leverages its brand authority to accelerate Web3 adoption. Yet mainstream uptake hinges on seamless user experiences: integrated wallets, intuitive NFT management, and clear value for collectors. If Sony can mask blockchain’s complexity behind familiar interfaces, Soneium could become the template for corporate-led Web3 platforms.
Source: CCN
3. ASIC Sues Former Blockchain Global Exec Over $20M in Claims
Summary: The Australian Securities and Investments Commission (ASIC) filed civil proceedings against former Blockchain Global director Liang “Allan” Guo for allegedly misusing over A$20 million of ACX Exchange customer funds and breaching directors’ duties.
Analysis & Commentary:
This lawsuit highlights the regulatory imperative to protect retail crypto investors. As exchanges fail, the lack of segregated custodial accounts leaves users exposed to directors’ mismanagement. ASIC’s aggressive stance sends a clear signal: exchange governance and financial controls are non-negotiable. Blockchain firms must prioritize transparent accounting, regular audits, and robust compliance frameworks—or risk severe legal consequences.
Source: Decrypt
4. Australian Regulator Takes Guo to Court: Cointelegraph’s Perspective
Summary: Cointelegraph reports ASIC’s civil case against Allan Guo, focusing on alleged false statements and improper fund co-mingling at ACX Exchange, which left over A$22.7 million in creditor claims.
Analysis & Commentary:
Cointelegraph’s coverage underscores a broader trend: jurisdictional enforcement is catching up with crypto’s borderless nature. By spotlighting both Guo’s departure from Australia and the court’s pursuit, the story reinforces that geographical escape won’t shield executives from liability. Going forward, global crypto platforms must embed compliance in governance structures rather than treating it as an afterthought.
Source: Cointelegraph
5. DMG Blockchain Enables Carbon-Neutral Bitcoin Transactions
Summary: DMG Blockchain Solutions, via its subsidiary Systemic Trust Company and Terra Pool, now offers regulatory-compliant, carbon-neutral Bitcoin transactions using Fireblocks custody infrastructure and green energy-backed mining pools.
Analysis & Commentary:
By integrating carbon-neutral protocols into custody and settlement, DMG addresses the sustainability critique of Bitcoin. Financial institutions increasingly demand ESG-aligned crypto services; DMG’s offering could capture that market. The challenge lies in quantifying and auditing green claims, ensuring the offset mechanisms are transparent and verifiable. If DMG nails this, carbon-neutral Bitcoin may shift from niche demand to mainstream expectation.
Source: GlobeNewswire
Conclusion
Today’s stories illustrate how blockchain’s frontiers—from tokenized commodities and corporate Web3 platforms to regulatory crackdowns and green coin initiatives—are rapidly expanding. Key takeaways:
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Tokenization’s next wave: Hard assets like uranium may redefine DeFi’s scope.
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Enterprise blockchains: Sony’s Soneium could blueprint corporate-run layer-2 networks.
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Regulatory rigor: ASIC’s actions against Guo reinforce that compliance and fund segregation are mandatory.
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Sustainable crypto: Carbon neutrality in Bitcoin transactions is evolving from buzzword to business imperative.
Stay tuned for tomorrow’s Blocks & Headlines, where we’ll bring you the latest strategic partnerships, technological breakthroughs, and policy updates driving the blockchain revolution.
The post Blocks & Headlines: Today in Blockchain – May 28, 2025 (Angermayer, Soneium, ASIC, Guo, DMG) appeared first on News, Events, Advertising Options.
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