Blockchain
Phoenix Finance wins the Asian Banker’s “Digital Wealth Management Service of the Year in China” Award
The Wealth and Society Summit 2019 hosted by the Asian Banker was held in Shanghai on December 6th. Chairman of the Asian Banker Mr. Emmanuel Daniel, managing director of Rockefeller Capital Management Mr. Guy Dietrich, professor of Shanghai Advanced Institute of Finance Mr. Wu Fei and other experts and academics attended this summit.
Phoenix Finance is a comprehensive intelligent financial service platform established by Phoenix TV Group for global Chinese. The Asian Banker presented the award “Digital Wealth Management Service of the Year in China” to Phoenix Finance for its excellence achievements in products and services, technological empowerment, social impacts and other aspects in the field of wealth management.
The Global Wealth and Society Awards are known as the “Oscar in Finance” and “Digital Wealth Management Service of the Year in China” is the only award in digital wealth management area. Stringent evaluation rules with highest international standards are followed by the Asian Banker under the Global Wealth and Society Awards programme. The Wealth and Society and the International Advisory Council evaluated institutions’ products and services, social influence, staff skills, technology and efficiency, value of franchise, financial performance and achievements in the year. Phoenix Finance successfully undergone these stringent evaluations and became the only winner of this award not only for its innovation and development in digital wealth management services but also for its outstanding comprehensive strength.
Mr. Vince Zhang, president of Phoenix Finance, and Mr. Bo Liang, general manager of the Wealth Management Center of Phoenix Finance attended the summit. Mr. Zhang gave a keynote speech and participated in a round-table discussion entitled “Wealth and technology: opportunities and prospects”. He said that China will become the largest market with per capita investable assets exceeding two trillion yuan by 2020, and most high-net-wealth users will choose mobile applications for wealth management, which provides the important development base for China’s intelligent wealth management.
According to the official profile from Phoenix Finance, its main target user group is emerging wealthy group whose investable assets are between 300,000 to 10 million yuan. Phoenix Finance has formed a blueprint in intelligent finance field since 2015. And up to now, it has successfully established a set of cutting-edge Fintech-based intelligent technological architecture with the implement of big data, artificial intelligence, blockchain and other high technologies. In its wealth management business, in order to provide users customized wealth management services, Phoenix Finance has produced many application-level products and services such as smart wealth management product “Phoenix Accurate”, fully-automatic trading strategy product “Magic Mirror Robo-advisor”, and intelligent news analysis engine “Fengming Intelligent Information”. All these products and services have greatly improved the company’s service efficiency as well.
Wealth management business of Phoenix Finance adopts the Internet-led online marketing and servicing model and provides offline services to perfect the online ones. Meanwhile, it establishes “life-cycle value management system”and sets up “Prestige Club” to meet users’ demands at different wealth management processes with various products and portfolios.
Except from an honor for Phoenix Finance to win this award, it also indicates the Asian bankers’ prediction on development trend of digital wealth management and recognition and appreciation of representative institution’s innovation value. In the future, competition in the wealth management market will be fiercer, and investors’ demands will be more diverse, so technology and services will be the decisive winning point in the competition between wealth management institutions.
SOURCE Phoenix Finance
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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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