Blockchain
South African Based Banxso Secures Licenses in Cyprus and Comoros to Start 2023
Cape Town, South Africa–(Newsfile Corp. – February 8, 2023) – Banxso, the leading FX & CFD brokerage of South Africa, has announced that it has secured multiple licenses to expand its services across the globe.
Banxso
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The brokerage now holds an EU investment business license from the Cyprus Securities and Exchange Commission (CySEC). Regulatory permits provide the brokerage business the ability to provide a variety of financial services, as well as the authorization to offer cross-border services within the EU and EEA in accordance with European passport rights.
In order to expand its business in Africa, Banxso has also received an international brokerage license and a class “A” banking license from Comoros.
Banxso’s rapid expansion to these countries is proof that it has concrete plans for what’s to come this year in 2023. The South African trading platform has actively taken steps towards expanding towards the northern part of the continent.
The company noted that it is actively collaborating with authorities to get licenses in 2023 for the Central Bank of Cabo Verde, Seychelles, Kenya (CMA), Zimbabwe (SEC), Mauritius (FSC), Vanuatu (FSC), and Zimbabwe (SEC). This will help to secure the company’s rapid expansion in Africa.
2023 will prove to be a pivotal year for the company as it spreads its wings outside the country and expands to new jurisdictions.
About Banxso
An award-winning, FSCA-licensed multi-asset brokerage firm in South Africa, Banxso concentrates on offering cutting-edge financial services, including zero-fee trading.
Since its establishment, Banxso has grown significantly to become the leading broker in South Africa, earning a reputation for its innovative, customer-focused methodology and sophisticated technology.
The Banxso trading platform allows users to trade major world currencies, buy and sell fractional shares on international exchanges with no fee, and speculate on commodities like gold, silver, and oil. For individuals who don’t want to trade alone, the Banxso platform also comes with cutting-edge features like AI automatic decision tools and social trading capabilities.
Twitter: @banxso
Instagram: @banxsocom
YouTube: @banxso
Manuel De Andrade
+27 104 464 170
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/154084
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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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