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Blockchain-Based Digital Key Platform Developer, “Sesame Lab” launches “KEYRING” in Singapore

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Sesame Lab (CEO Damian Kim), a blockchain-based digital key platform company based in South Korea has announced the launch of its KEYRING platform in Singapore.

Sesame Lab’s “KEYRING” is the world’s first digital key platform based on blockchain technology. Aimed at “combining every key in the world into one”, Sesame Lab launched the platform for the first time in South Korea in March and gained more than 80,000 new users in just 5 months.

KEYRING allows the user to access entrances remotely using a smartphone app and also access the entrances to hotels, shared offices, gyms and etc.

To use the KEYRING app, a small, Bluetooth-based smart access device called “DAVE” must be installed on the entrances. The device could be easily added on the upper or lower section of the entrances. The fact that KEYRING could replace plastic access cards and allow the users to safely and conveniently access entrances without the physical contact, is something a lot of users are looking forward to.

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Sesame Lab’s launch of the platform in Singapore was made possible when the startup was selected by the Korean government’s overseas market expansion project after being recognised for its rapid growth in the domestic market and global market potential. Singapore is Sesame Lab’s first market outside of Korea and the startup is planning to expand globally using Singapore as the centre of the Asia-Pacific region. F10, a global innovation and accelerator platform headquartered in Switzerland will also offer Sesame Lab mentorship and support Sesame Lab’s successful landing in the Singaporean market.

“We’re launching KEYRING here in Singapore which is considered the Silicon Valley of Southeast AsiaSingapore will be the starting point of our global market expansion and we will focus on our marketing to achieve great results,” said Sesame Lab CEO Damian Kim.

Sesame Lab is a startup founded in South Korea in 2018 and it offers a blockchain-based integrated digital key platform service. The name of the startup derives from the famous magical phrase, “Open sesame” in the story of “Ali Baba and the Forty Thieves”. The startup which holds capabilities to develop both hardware and software security solutions, is carrying out various projects aiming to digitalize all physical keys in the world and to make a “world without physical keys”.

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U.S. Factoring Services Market Analysis by Product, Technology, Grade, Application and End-user (2019-2032) – Next-Gen Technologies Drive Surge in Alternative Financing Access for SMEs

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Blocks & Headlines: Today in Blockchain – May 12, 2025 | Rootstock, Zimbabwe Carbon Registry, Fastex, 21Shares, The Blockchain Group

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Welcome to Blocks & Headlines, your daily op-ed style deep dive into the most pivotal blockchain and crypto stories shaping today’s market. In this edition—May 12, 2025—we cover:

  1. Bitcoin DeFi Security Strengthens as Rootstock garners 81% of Bitcoin’s hashrate

  2. Zimbabwe’s Blockchain Carbon Credit Registry aims to restore investor trust

  3. Token2049 Dubai Highlights spotlight Fastex’s Web3 innovations

  4. 21Shares’ New ETP for Cronos (CRO) bridges traditional finance and DeFi

  5. The Blockchain Group’s €9.9 M Capital Raise fuels its Bitcoin treasury strategy

Below, each story is summarized with key takeaways and opinion-driven context.


Introduction

Today’s blockchain landscape is defined by two contrasting forces: institutional maturation—as legacy players and governments adopt tokenized assets and infrastructure—and startup-driven innovation—where Web3 pioneers push boundaries in DeFi, NFTs, and on-chain governance. Major trends include:

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  • Security & Scalability: Layer-2 solutions and cross-chain bridges are gaining traction to secure and scale Bitcoin and Ethereum ecosystems.

  • Transparency & Trust: From carbon credits to capital markets, blockchain is repeatedly chosen to enhance auditability and investor confidence.

  • Mainstream Access: Crypto ETPs and regulated token offerings are lowering barriers for retail and institutional investors.

  • Treasury Management: Public companies are increasingly using Bitcoin and token holdings as strategic assets to hedge against macro volatility.

Let’s unpack today’s five developments and their broader implications.


1. Bitcoin DeFi Security Strengthens with Rootstock’s Hashrate Share

What happened: A new Messari report finds that Rootstock (RSK), Bitcoin’s oldest layer-2 smart-contract platform, now commands 81% of Bitcoin’s total hashrate, up from 56% before major mining pools Foundry and SpiderPool onboarded in February. Transactions on Rootstock are 95% cheaper than on-chain Bitcoin and 55% cheaper than Ethereum, positioning RSK for sustained DeFi growth in 2025.
Source: CoinDesk

Analysis & commentary:
Rootstock’s dominant hashrate share underscores two key shifts:

  1. Security by Convergence: By leveraging Bitcoin’s massive mining network, RSK mitigates the common 51% risk faced by smaller chains.

  2. Cost-Efficiency for DeFi: Lower fees make RSK an attractive alternative to Ethereum for yield protocols, lending markets, and decentralized exchanges.

However, challenges remain. Smart-contract developers must integrate robust cross-chain bridges—Rootstock’s partnership with LayerZero is a start—to attract liquidity. Moreover, regulatory scrutiny of DeFi is rising; RSK’s governance will need transparent on-chain dispute resolution and compliance tooling to win institutional adoption.


2. Zimbabwe’s Blockchain Carbon Credit Registry to Revive Investor Confidence

What happened: In Harare on May 9, the Zimbabwean government launched the world’s first blockchain-enabled carbon credit registry, developed by Dubai’s A6 Labs. The immutable ledger will record issuance, trading, and retirement of credits, addressing the fallout from 2023’s abrupt project cancellations and a 50% revenue levy that spooked developers. The new Zimbabwe Carbon Markets Authority (ZCMA) will oversee licensing via the zicma.org.zw portal.
Source: Bloomberg

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Analysis & commentary:
Zimbabwe’s registry is an instructive case study in how blockchain can restore transparency and rebuild market trust:

  • Immutable Audits: Every credit’s provenance is verifiable on-chain, deterring double-counting and fraud.

  • Regulatory Framework: A dedicated authority streamlines approvals, balancing market access with environmental integrity.

  • Investor Reassurance: By codifying rules in smart contracts, Zimbabwe signals that future policy shifts will be governed by code, not sudden ministerial edict.

Nonetheless, blockchain is not a panacea. Effective enforcement still depends on reliable on-the-ground measurement and reporting. The real test will be whether smaller African producers—Kenya, Zambia—adopt interoperable registries, creating a pan-continental carbon marketplace.


3. Web3 Innovation Takes Center Stage at Token2049 Dubai

What happened: Between April 30 and May 1, Token2049 Dubai convened industry leaders in the Emirates. Fastex, a platinum sponsor, showcased its Bahamut blockchain (PoSA consensus), the YoWallet custodial solution, and a wave of new apps—YoHealth, YoPhone/YoSIM, YoBlog—all designed to expand Web3 use cases beyond finance. Fastex also co-hosted regulatory forums with Solidus Labs and launched the Bahamut Grants program to seed developer innovation.
Source: Cointelegraph

Analysis & commentary:
Token2049’s Dubai edition highlights an ecosystem maturation where:

  • Compliance & Growth Coexist: Legal breakfasts signaled that self-regulation and layered oversight can lower entry barriers without stifling ingenuity.

  • Beyond Finance: By unveiling telecom and health apps, Fastex challenges the notion that blockchain is niche—real-world use cases can drive mainstream adoption.

  • Brand Ambassadors: Football legend Patrice Evra’s presence at YoHealth’s booth illustrates how cultural icons can amplify blockchain’s reach.

Moving forward, projects must demonstrate measurable end-user utility and scalable infrastructure to avoid the “pilot-only” trap. Dubai’s supportive regulatory sandbox remains an ideal proving ground.

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4. 21Shares Launches ETP for Cronos (CRO) – Bridging TradFi and DeFi

What happened: Swiss issuer 21Shares listed a new ETP (CRON) on May 12, offering direct exposure to CRO, the native token of Cronos—a Layer 1 chain built for DeFi, NFTs, and cross-chain interoperability with Ethereum and Cosmos. Investors can now trade CRO through regular brokerages without managing private keys or wallets.
Source: The Paypers

Analysis & commentary:
Tokenizing blockchain assets into regulated ETPs remains one of the most powerful drivers of institutional capital inflows:

  • Familiar Interfaces: By packaging CRO as a ticker, 21Shares lowers the learning curve for asset managers and pension funds.

  • Regulatory Alignment: ETPs fall under securities law, offering clear governance compared to unregulated spot tokens.

  • Ecosystem Growth: Cronos stands to benefit from increased liquidity and brand recognition, which in turn fuels DeFi activity on its network.

ETPs also invite scrutiny: fees, redemption mechanics, and underlying custodial risks must be transparent to preserve investor trust. As competition heats up—with products for BTC, ETH, SOL, and more—issuers will vie on pricing, ease of access, and institutional credibility.


5. The Blockchain Group’s €9.9 M Capital Raise Advances Bitcoin Treasury Strategy

What happened: Europe’s first Bitcoin Treasury Company, The Blockchain Group (ALTBG), completed a €9.888 million capital increase at €1.0932 per share on May 7, 2025. Proceeds will bolster its strategy to accumulate Bitcoin per fully diluted share while expanding consulting and AI-driven blockchain services.
Source: ActusNews via MarketScreener

Analysis & commentary:
The Blockchain Group’s financing round underscores a new corporate paradigm where holding BTC is core to the business model:

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  • Shareholder Alignment: By tethering equity value to Bitcoin accumulation, management and investors share upside in crypto markets.

  • Operational Synergies: Subsidiaries in data intelligence and decentralized consulting can monetize both service fees and on-balance-sheet Bitcoin appreciation.

  • Regulatory Compliance: As a publicly listed entity on Euronext Growth Paris, ALTBG navigates EU financial rules, offering a transparent vehicle for crypto exposure.

Yet this approach carries volatility risk: sudden BTC price swings can compress earnings per share and spur shareholder activism. Mitigation strategies—such as hedged derivatives and staggered BTC purchases—will be critical to sustain growth without alarming investors.


Conclusion

Today’s highlights reveal a blockchain industry at once foundational and frontier:

  1. Security & Scale: Rootstock’s hashrate gains fortify Bitcoin DeFi’s underpinnings.

  2. Transparent Markets: Zimbabwe’s carbon registry sets a template for blockchain-backed commodity markets.

  3. Web3 Diversification: Token2049 Dubai shows that true mass adoption demands real-world applications in health, telecom, and beyond.

  4. Institutional Access: ETPs like CRON democratize token ownership for mainstream investors.

  5. On-Balance-Sheet Crypto: The Blockchain Group exemplifies the rising class of publicly traded crypto-native firms.

As blockchain extends into supply chains, tokenized securities, and identity, the winners will be those who blend innovative protocol design with pragmatic regulatory alignment. Keep tuning into Blocks & Headlines for tomorrow’s top stories.

The post Blocks & Headlines: Today in Blockchain – May 12, 2025 | Rootstock, Zimbabwe Carbon Registry, Fastex, 21Shares, The Blockchain Group appeared first on News, Events, Advertising Options.

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Astra Fintech Announces Establishment of Korea HQ, Strengthening Commitment to Solana Ecosystem and Regional Expansion

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