Blockchain
AirCarbon Exchange Bolsters Abu Dhabi Hub With Key Senior Hires
AirCarbon Exchange (ACX) is expanding its MENA hub with three senior hires and the addition of four key tech developers in Abu Dhabi, as its growth accelerates. ACX is partnering with Abu Dhabi Global Market (ADGM) to create the world’s first fully-regulated carbon trading exchange and carbon clearing house.
Ingo Kleinschmidt has been appointed Chief Financial Officer; Tim Alltimes has joined as Chief Compliance Officer and Ashwin Ambudkar is the new Head of Market Supervision. They join at a key stage of growth for ACX, which is launching the world’s first fully-regulated carbon exchange, based in Abu Dhabi.
“We are at a critical time in the formation of global carbon markets,” said Kevin B. Iwanaga, ACX COO for the MENA Region. “ACX continues to execute on its strategic growth plans as a leading force in scaling global carbon and environmental markets.”
Ingo Kleinschmidt brings over 15 years of experience in strategic business planning & governance, having held senior finance roles at a number of international corporations, including ABN Amro.
Tim Alltimes, a senior regulatory compliance expert specialised in commodity derivative and digital asset exchanges, previously held senior positions with financial regulators in both Abu Dhabi and the United Kingdom. He also has extensive experience in commodities trading with Morgan Stanley, Deutsche Bank and Lehman Brothers.
Ashwin Ambudkar, with a remit to monitor all transactions and trades, brings over 13 years of expertise in compliance and exchanges, having worked with Credit Suisse, Citi Corp, Nomura and the Bombay Stock Exchange.
The new additions will further accelerate ACX’s expansion, following its recently-announced collaboration with AGDM and partnerships with CarbonX, Bolsa Verde Rio, Tembici, BlockC and Deutsche Börse.
“As the world’s first fully digital carbon exchange, ACX remains an innovative market leader and continues to break new ground,” said Iwanaga. “ADGM’s Financial Services Regulatory Authority (FSRA) is set to become the first financial regulator in the world to develop a framework to recognize and support carbon as an investment grade commodity financial asset.”
“The proposed new ‘Emissions Instrument’ will pave the way for corporates and investors to trade and finance carbon credits like conventional financial assets on balance sheet,” Iwanaga explained.
With technology innovation key to its core strategy, ACX is also strengthening its global tech team based out of Abu Dhabi. It has recently hired 4 senior full stack and blockchain developers and a Vice President of engineering in order to accelerate its efforts as a leading innovator in environmental product development.
“ACX’s market-leading technology is a direct result of our investment in technical talent as well as our internal processes, which are centred around continuous improvement, education, collaboration and learning,” said ACX CTO Dominic Morris. “We are able to deliver world-class technical solutions entirely because of the calibre of our team, and their professionalism,” he continued. “I am deeply proud of our people and what we have achieved to-date and look forward to continuing to innovate. We welcome the opportunities presented to us by Abu Dhabi and FSRA regulation of our platform.”
Besides Abu Dhabi, ACX has a presence in Singapore, Canada, the United Kingdom, Brazil, Indonesia, with other locations to be announced in the coming months.
bybit lucky
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.
-
Blockchain6 days agoBridging Innovation and Regulation: How Yellow Network is Transforming Non-Custodial Trading in a Pro-Crypto Future
-
Blockchain7 days ago
Prosper Adds 7,000 More ASIC Miners from BITMAIN To Drive Tokenization of Hashrate as Multichain RWA ; Targets 170MW Capacity With New Strategic Round
-
Blockchain Press Releases6 days agoHTX Ventures Identifies Five Rapidly-Growing Sectors in 2024, Expects Positive Crypto Regulations Driven by Trump Next Year
-
Blockchain4 days ago
50,000+ Mined Coins and 100,000 New Users: EMCD Summarizes 2024
-
Blockchain7 days ago
Blocks & Headlines: Today in Blockchain (Reserve Bank of India (RBI), Aethir, Blockchain Center Abu Dhabi, Qubetics, )
-
Blockchain4 days ago
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
-
Blockchain7 days agoLoan Brokers Market Opportunities and Strategies Report to 2033 – Loan Brokers Market Poised for Strong Growth, Forecasted to Reach $947.9 Billion by 2033
-
Blockchain5 days agoBuilding Bridges in Crypto: Bybit Sparked Dialogues and Joined Industry Leaders at Bitcoin MENA
