Blockchain
LAToken and CHAOEX opening global trading to PLMP Fintech’s Creatanium Ecosystem
Trading for PLMP Fintech’s digital currency Creatanium (CMB) officially started on 21st October, 2019 on crypto exchange LAToken, one of the top 20 platforms in the world for volume and pairs, followed by EU-registered CHAOEX where buy and sell orders will go live on the 24th. The offer price of US$1.82 is the result of a steady growth during the first year from the launch value of US$0.20 in May 2018 to the ten-fold peak of US$2 hit at the end of July 2019.
“CMB is now strong enough to enter the international market,” says Peter Lim, PLMP Fintech’s Chief Strategist and the seasoned trader who has nurtured the digital currency from fundraising tool for the firm’s Initial Coin Offering to a widely accepted utility token for B2B and B2C transactions and a stable asset whose value is linked to the company’s long-term plans and performance.
PLMP Fintech’s move to list on global exchanges aims at attracting Bitcoin holders to its in-house developed CMBDEX platform, one of the few in the world to allow for the direct withdrawal of fiat through the Creatanium token. The Singaporean firm is also planning to introduce by the end of the year a forward smart contract product coded on blockchain that will leverage on the stability of CMB to provide a buffer for the huge swings experienced by the first cryptocurrency.
The strength of PLMP Fintech’s digital coin lies in being part of a continuously expanding ecosystem of platforms and features that operate under the same physical management and virtual network. Mobile application Creatanium Wallet, which started as a secured storage for CMB together with BTC and ETH, is now a fully functional e-payment gateway that will soon include a dedicated e-commerce section for merchants to list goods and services to be purchased by users through digital tokens.
“We have succeeded where most ICOs have failed because we remain committed to our long-term vision to reap the benefits of the latest financial (“fin”) and technological (“tech”) tools and support small and medium enterprises,” highlights Lim. PLMP Fintech unveiled last month its masterplan for the Creatanium Smart City, which once completed will witness the mass adoption of CMB by thousands of businesses and individuals for their daily transactions.
SOURCE PLMP Fintech
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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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