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Ledger Vault, Coinstreet Partners And Global Intelligent Trust Collaborate to Launch Digital Asset Custody Service for Digitized Securities, Tokenized Assets & Stablecoins

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Digital Asset Custody Service Collaboration of Ledger Vault, Coinstreet Partners, BMI, BC digital, Global Intelligent Trust, and STO Global-X

 

BMI Coinstreet Digital (BC-Digital), a joint venture between BMI Group & Coinstreet Partners, and Global Intelligent Trust (GIT), a licensed trust company in Hong Kong, announced their collaboration to launch digital asset custody services for initial Tokenized Security Offering (TSO), Digitized Security Offering (DSO), Tokenized Asset Offering (TAO), Security Token Offering (STO) and Stable Coin Offering (SCO). These services are built on Ledger Vault’s digital asset custody solution, which will be integrated with STO Global-X’s (STGX) digital asset tokenization and trading platform.

This collaboration offers independent digital asset custody services to licensed broker dealers who provide fully compliant TSO, DSO, STO and SCO services to qualified corporate issuers. Investors subscribing to these offerings can store digital assets securely in Ledger’s bank-grade digital vault operated by the consortium. Audited reports will be provided by qualified fund administrators, in the same way as a traditional financial custodian.

“Professional investors and fund managers investing in STOs may not want to manage the private keys in-house. As STOs gain traction, there is a strong demand for 3rd party independent digital asset custody services,” said Chan Heng Fai, Chairman of Coinstreet Partners. “This consortium has also created a uniquely collaborative solution to resolve potential compliance risks caused by STO exchanges that offer trading and custody services on the same platform.”

“It is crucial to have best practices for custody services for digital assets, benchmarked to the professional standard in the traditional capital market industry,” said Lowell Lo, Chairman of Global Intelligent Trust. “We are very pleased to contribute our 25+ years of experience in traditional financial services to build a world-class digital service together with the consortium.”

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Ledger Vault provides flexible wallet technology infrastructure for STGX platform to create a sophisticated yet secure custody system with end-to-end hardware backed transfers and a strong multi-authorization governance model, ensuring no single points of failure. Ledger Vault’s solution further allows STGX customers to fully control 100% of its keys, and manage its liquidity instantaneously.

“By using Ledger Vault, BMI Coinstreet Digital and Global Intelligent Trust will reassure customers that their assets are safe and fully secure. For long term growth, a proper infrastructure must be in place. People take security and governance very seriously and we’re delighted to support the consortium in their mission to provide this to their users,” said Pascal Gauthier, CEO of Ledger.

“Integrating Ledger Vault’s solution with STGX’s platform creates an end-to-end, institutional-grade digital asset tokenization and trading solution for institutional investors, without compromising on security or performance,” said Floyd DCosta, Co-Founder & CEO of STO Global-X.

“This exciting collaboration combines traditional capital market best practices, fully compliant work processes & corporate governance, and best of breed technologies together. It will significantly improve user experience and security for STO investors,” said Samson (SAM) Lee, Co-Founder of BMI Coinstreet Digital.

According to a survey by the World Economic Forum, around 10% of global GDP will be in tokenized and stored on the blockchain by 2027. BC-Digital serves clients with tokenization needs ranging from stablecoins, real estate, financial services, technology, biotech, healthcare, telecommunications, energy, manufacturing, hotel, hospitality, lifestyle, gaming, media and entertainment sectors. They expect significant growth in the number of high-quality STO projects and accredited investors, as adaption of this new corporate finance method gains popularity globally.

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SOURCE Coinstreet Partners

Blockchain

Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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