Blockchain
PLMP Fintech’s Venture Capital entity secures Fund Management licence to bring blockchain to over 10,000 SMEs in 10 years
The local investment arm of Singaporean blockchain firm PLMP Fintech, PLMP Venture Capital, has been awarded today an Asset and Fund Management licence by the Securities and Exchange Commission of Cambodia (SECC). The move is part of the company’s ten-year target to incubate more than 10,000 SMEs through blockchain solutions and networking opportunities.
“We have a diversified portfolio of technological, real estate and financial projects that are already in the works,” says PLMP Fintech Co-Founder Peter Lim citing the examples of the Creatanium Smart City and the ongoing integration of Indonesia’s logistics sector with the firm’s own blockchain protocol.
In the words of Kym Kee, Managing Director of PLMP Venture Capital, “The licence will open the doors to institutional and high-net-worth investment as we plan for the Creatanium Silicon Valley.” With a projected value of US$5 Billion to be achieved in the span of ten years, once completed, the project would become Cambodia’s first Technology Park to house SMEs and start-ups in emerging technologies such as AI, robotics and cybersecurity through blockchain.
Asset and Fund Management is just the first step of PLMP Fintech’s vision to play a major role in the development of Cambodia’s SME sector. The firm is in the midst of acquiring a Specialized Bank licence to launch public, private and online services and provide business loans and micro-loans through digital collaterals. Counting on all three segments will grant the flexibility to cater for established companies and institutions while developing new products for the significant number of local entrepreneurs that are still unbanked.
In the same framework, PLMP Venture Capital together with its partner CSME will be hosting regular events to showcase innovative SMEs from the region and give them the chance to increase their visibility in front of top industry leaders and potential investors. The two firms will be the sponsors behind this April’s edition in Phnom Penh of the Startup World Cup, a global competition that will award the best project with a US$ 1,000,000 funding grant.
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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