Blockchain
Empress Capital Announces Appointment of David Baxby and Prabhat Sethi
New South Wales, Australia–(Newsfile Corp. – October 20, 2022) – Empresscapital.vc, an artificial intelligence venture capital fund launched by Yash Varma, has announced the appointment of David Baxby and Prabhat Sethi to its advisory board.
Empress Capital Photo
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David Baxby has been the Managing Director of Wesfarmers, Chairman of Frontier Digital Ventures and Co-CEO of Virgin. Prabhat Sethi was the former managing director of Murdoch Media and is the current CEO of Crown Acquisitions. Mr Sethi was previously a director of CoreLogic.
Empress Capital is a venture fund backing early stage Australian & New Zealand Artificial Intelligence Companies.
Yash Varma said, “The appointment of David Baxby and Prabhat Sethi takes Empress Capital to a new level, helping us find the very best AI Companies in Australia and New Zealand for our investors. It is beyond doubt that an increasing number of emerging enterprises will focus on artificial intelligence to increase automation and become cost-efficient and we are at the coal-face of a new wave of AI companies rising to dominance.“
About Empress Capital
Empress Capital is a pioneer in artificial intelligence funding. The venture capital firm focuses on the Pre-Seed and Seed stage investments to help AI companies succeed beyond these necessary starting points, targeting 10x returns and payback of initial capital within a 10 year horizon.
Empress Capital will also be using profits from their funds to create Empress Foundation, a vehicle geared towards investing in non-profit organisations, equally providing them with the same commercial due diligence, access to funding and support to help them succeed. Philanthropy is central to Varma’s vision, but not at the expense of investor success.
Website: https://www.empresscapital.vc/
LinkedIn: https://www.linkedin.com/in/yashvarma/
Media Contact: Yash Varma, [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/141392
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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