Blockchain
Che Capital Asset Management Completes Acquisition of 62 Acres in Seguin, Texas, to Develop a Mixed-Use Retail and Multifamily Development
Chicago-based real estate investment firm Che Capital Asset Management announced their successful acquisition of a 62-acre parcel in Seguin, Texas, for a new retail, multifamily apartment, and townhome mixed-use development.
Chicago, Illinois–(Newsfile Corp. – March 3, 2023) – Che Capital, the asset manager of Wise Capital Seguin Fund 2, announced the Fund’s successful closing on the 62-acre parcel, paving the way for plans to redevelop the empty parcel into a retail, entertainment and workforce residential destination – the first of its kind in Seguin.
To be called Creekside Gardens, the proposed project is strategically located at the intersection of Interstate 10, Highways 123 and 90. Due to its “front door” or “gateway” location, the management team is working closely with the city of Seguin to design a development that enhances the attractiveness of this manufacturing hub. The management team plans to develop this parcel to address high demand uses such as dining options, critical retail operations, and new housing options with the city of Seguin.
Furthermore, with easy access from San Antonio, New Braunfels, and San Marcus due to its location on I-10 and Highway 123, Creekside Gardens looks to attract shoppers and diners to Seguin to support the local economy.
Creekside Gardens will also offer new apartments and townhomes, a supply of workforce housing, allowing residents new living options with walking trails and easy access to shopping and dining. The convenient location also allows easy access to the main city and regional travel routes. The development will support the growth of Seguin along with the growth of the entire metro area of San Antonio and Austin.
Photo: Delphine Nguyen and Henry Che – co-founders of Che Capital
Che Capital was represented by Derek Slafka of Anders Pierce Realty based out of Seguin, TX. Mr. Slafka was instrumental in negotiating the agreement.
About Che Capital:
Che Capital is a Real Estate investment firm that was founded by Delphine Dung Nguyen and Henry Che. The firm specializes in multifamily properties, co-living, industrial properties and land development in and around high growth areas of the US.
Visit the following links to acquire further information about the project and the managers of the project:
Delphine Dung Nguyen | LinkedIn | Henry Che | Che Capital Group
DISCLAIMER: This is not an offer to invest. Any investment offer will be made through a private placement memorandum.
CONTACT:
Contact Person: Delphine Dung Nguyen
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/156916
Blockchain
BOX-GameFi Innovation in Entertainment: Integration of Blockchain Technology and Monopoly
Blockchain
DTCC partners with Chainlink and JPMorgan to pilot blockchain integration for fund data
As headlines spotlight spot Bitcoin (BTC) exchange-traded fund (ETF) flows and institutions revealing their exposure to BTC ETFs, financial service infrastructure providers are quietly integrating blockchain technology into their systems.
According to a recent report from the Depository Trust & Clearing Corporation (DTCC), the firm conducted a pilot program named Smart NAV in collaboration with Chainlink (LINK). This initiative aimed to extend the capabilities of DTCC’s Mutual Fund Profile Service I (MFPS I), the industry standard for transmitting ‘Price and Rate’ data, also known as ‘NAV data.’
DTCC’s Mutual Fund Services business currently operates MFPS I, offering fund companies an automated solution to deliver prices and daily distribution rates to numerous clients for tens of thousands of mutual fund securities. Traditionally, DTCC collects price and rate data from funds/service providers and distributors, then aggregates and disseminates it at regular intervals through its message queue (MQ) and file-based methods.
The Smart NAV Pilot served as a digital extension of the existing MFPS I service, aiming to broaden and complement its current capabilities. DTCC recognized the growing interest in mutual fund tokenization and saw an opportunity for on-chain price and rate data to facilitate new initiatives. Taking a ‘chain-agnostic’ approach, meaning the ability to disseminate NAV data across virtually any blockchain, was crucial for enabling other use cases to build upon Smart NAV’s foundations.
Ten market participants, including major names like American Century Investments, BNY Mellon, and JP Morgan, collaborated with DTCC and Chainlink on the pilot. They evaluated the feasibility and industry value of implementing a distributed ledger technology (DLT)-based price and rate dissemination solution to unlock new benefits and support experimentation in the asset management space.
The pilot results demonstrated that delivering structured data on-chain and establishing standard roles and processes enabled foundational data to be integrated into various on-chain use cases, such as tokenized funds and bulk consumer smart contracts. This capability can fuel future industry exploration and empower numerous downstream use cases, including brokerage portfolio applications.
The simplest application of Smart NAV is to provide trusted, verifiable data on virtually any blockchain network to support its use in business workflows. During the pilot, DTCC acted as both the provider and governor of the on-chain data solution, while Chainlink’s CCIP served as the interoperability layer. The core capability explored is adaptable across a wide range of use cases, potentially enhancing operational efficiency and streamlining processes.
Based on the positive findings, DTCC sees an opportunity to expand the scope of the pilot to explore broader use cases beyond price and rate data dissemination and across more blockchains.
Source: kitco.com
The post DTCC partners with Chainlink and JPMorgan to pilot blockchain integration for fund data appeared first on HIPTHER Alerts.
Blockchain
Is Donald Trump’s Recent Crypto-Friendly Stance Genuine Or Opportunistic? Experts Weigh In
Presidential candidate Donald Trump recently made a surprising endorsement of crypto, suggesting that he would ease hostility towards cryptocurrencies in the US if re-elected.
Trump stated, “If we’re going to embrace it, we have to let them be,” and urged crypto supporters to vote for him. This marks a significant shift from his previous criticisms of Bitcoin and other cryptocurrencies in 2019, where he labeled them as “not money” due to their volatility and lack of intrinsic value, expressing concerns about their potential use in illegal activities like drug trafficking.
Crypto’s Impact on Voter Preferences
With approximately 20% of American adults reportedly holding crypto, candidates are taking notice. Markus Levin of XYO Network sees embracing crypto and implementing solid regulation as a strategic move in elections and sound policy overall. He believes Trump’s apparent positive stance towards the industry will sway some voters in his favor.
Jonathan Thomas of Blueberry suggests that Trump’s crypto-friendly rhetoric may attract voters who prioritize crypto as a single-issue matter.
Skepticism Surrounding Trump’s Crypto Support
However, not everyone is convinced by Trump’s newfound endorsement of crypto. NFT enthusiast Thorne Melcher views it as “flimsy” and warns against the potential for conservative politics to restrict crypto due to its use in areas such as trans hormone replacement therapy and abortions.
While some may see Trump’s support for crypto as a reason to vote for him, others like Stephanie Vaughan of Veda caution against assuming substantial benefits from this endorsement alone. Vaughan highlights the Biden Administration’s hardline stance on crypto regulation by enforcement, which she believes is unworkable and could push voters towards Trump.
Trump’s Strategy to Attract Crypto Voters
Trump’s pivot from crypto skeptic to NFT enthusiast reflects a strategic move to appeal to voters interested in crypto. Vaughan suggests that many crypto-focused voters may have supported Biden in the last election, but Trump is actively courting them by recognizing the industry’s significance.
By acknowledging crypto’s growing influence on voters, Trump aims to draw support away from Biden, positioning himself as the candidate more aligned with the interests of the crypto community.
Source: cryptonews.com
The post Is Donald Trump’s Recent Crypto-Friendly Stance Genuine Or Opportunistic? Experts Weigh In appeared first on HIPTHER Alerts.
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