Blockchain
Oz Finance invites Ukrainian companies to the Philippines through govt partnership, token staking
Oz Finance (Oz), an open-zone, digital-assets project with the aim of connecting a network of special economic zones (ecozones) around the world, helping them to connect to the digital economy. Oz’s Open Zone living project leverages the benefits provided by ecozones with blockchain technology to build a real-world community powered by TOTOZ. Furthermore, the recent launch of the Oz Wallet enables easy staking options along with buying and selling.
The tragic war in Ukraine is causing unforeseen economic consequences for companies in Ukraine and Russia, both of whom have a rich legacy of science and technology. Close to 3 million refugees have already fled Ukraine following Russia’s large-scale invasion. As a result of the all-encompassing international sanctions on much of the Russian economy, many Russians have already left and more are looking to leave. The economic disruptions and refugee crisis have led entrepreneurs and businesses to look for a new home.
Oz is making it easier than ever to relocate businesses to the Philippines, offering residency status for all employees and a crypto-friendly operating environment in the pro-enterprise ecozone of Freeport Area of Bataan (FAB). Further, Oz offers businesses a simple way to relocate the entire operation to the Philippines while leveraging tax-free privileges under AFAB’s tax regime.
FAB, situated across the bay from Manila, is a rapidly growing ecozone with easy access to China’s Belt and Road shipping corridor. Thanks to government legislation protecting digital assets in ecozones, Oz empowers businesses with the opportunity to gain quick and easy access to the benefits of Oz Living.
Oz leverages its community-building capabilities to raise capital and investments, turning the world’s 5,400 ecozones into a multi-trillion-dollar digital asset ecosystem. The company provides a blueprint for ecozones to harness blockchain technology and its associated benefits to fuel economic growth. Oz provides capital, credit, and community to ecozones that can extend their benefits to Oz’s citizens.
“The devastating crisis unfolding in Ukraine has led us to try and help refugees looking for a new home for their businesses,” says Jin Gonzales, Oz’s Chief Architect. “In addition to doing our part to resettle refugees fleeing their home, this initiative fits with Oz’s business model to attract foreign businesses and investors to invest in our ecosystem and in return gain near-zero tax residency status.”
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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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