Blockchain
Provide Capital Launches Cash Rate Plus(TM) Program
Victoria, Australia–(Newsfile Corp. – November 8, 2022) – Provide Capital, an Australian investment company, has announced the launch of its new program, Cash Rate Plus™.
Provide Capital
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Cash Rate Plus™ gives individuals, companies, and self-managed super funds a competitive interest rate on their capital, tied to the official cash rate set by the Reserve Bank of Australia. The program allows clients to earn interest rates of 5.85 to 7.85 per cent with the option of monthly interest payments. It also offers different terms from 6 to 120 months to meet client needs.
“Provide Capital has always been a popular option with clients seeking more income on their capital,” says Senior Client Relationship Manager, Mario Tabone.
“Since the launch of Cash Rate Plus, we have experienced strong demand due to the general public’s concerns about inflation eroding their principal ,” adds Tabone. “Our innovative solution helps clients keep ahead of inflation.”
“Australians are moving away from the traditional options such as term deposits and savings accounts to earn more yield on their capital and they are generally comfortable knowing that the Government guarantee doesn’t cover their funds when they understand the limitations of the Financial Claims Scheme,” he adds.
The team at Provide Capital has substantial experience in investment banking, financial services, wealth management, funding solutions and asset valuations. The company has recently expanded its operations to include representation in Sydney and has found the turbulence in the real estate market is causing many clients to move to capital stable fixed interest options whilst waiting for the market to correct.
Cash Rate Plus™ is available for almost anyone with $250,000 and above to place. There are no setup, monthly, or management fees. Like all investments capital is at risk and advice should be sought prior to proceeding.
About Provide Capital
Provide Capital is a wholly owned subsidiary of TPP Global Investments, an international asset manager with interests in the UK, Europe, the Asia-Pacific region, and Australia. The company has substantial experience in credit, private equity and real estate assets.
Contact:
Contact Name: Mario Tabone
Contact Email: [email protected]
Contact Number: (03) 8618 6842
Website: www.providecapital.com.au
Source: Provide Capital
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/143266
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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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