Blockchain
Demand Surges for Income Direct’s Fixed Income Accounts as Investors Seek Capital-Stability
New York, New York–(Newsfile Corp. – July 10, 2023) – Income Direct, a fixed income provider which entered the Australian market last financial year, is delighted to announce it has generated impressive demand of over half a billion dollars on an annualised basis for its fixed income accounts during the 2023 financial year.
This significant achievement is a testament to Income Direct’s commitment to delivering fixed income solutions which cater to the growing self-directed and self-managed superannuation fund investor market in Australia.
Executive Chairman Gerard Sivaprasad said:
“Our timing to enter the Australian market last financial year was impeccable. Clients who manage their own money are looking for certainty over their capital and many traditional investment structures don’t permit this because they are volatile. Based on our current growth rate we expect to surpass $2 billion of annualised demand this financial year which means we can substantially expand our group’s balance sheet. It’s perfect timing for Income Direct and our clients considering current market conditions mean investors are flocking to capital-stable debt instruments.”
Looking forward to the 2024 financial year Income Direct expects demand to continue to grow exponentially due to the large number of Australian investors needing to keep ahead of inflation.
As market volatility increases with rising interest rates and inflation, opportunities abound for Income Direct and its US-based parent, Marbanc International. The stress placed on businesses, the real estate market and other asset owners means distressed sales are plentiful which plays into the hands of Income Direct’s diversified investment strategy.
As the financial landscape continues to evolve, Income Direct remains dedicated to staying ahead of the curve, adapting its investment strategies to capture new opportunities and address emerging challenges. The company’s commitment to old fashioned customer service has been integral to its success and will continue to be at the forefront of its operations.
About Income Direct
Income Direct provides Fixed Income Accounts to clients seeking a capital-stable investment and competitive interest rates. Interest payments are available monthly or can be compounded and terms range from 3 months to 10 years.
Income Direct accepts individuals, companies, SMSFs and trusts, and clients are provided with online 24/7 access to their account via Income Direct’s custom-built client relationship management platform.
Income Direct is a wholly owned subsidiary of Marbanc International Corporation an international conglomerate focused on making direct investments in alternative asset classes.
Contact
Gerard Sivaprasad, Executive Chairman
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/172896
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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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