DLT

Abu Dhabi: The Capital of Capital Ends 2023 with ADGM as the Region's Fastest-Growing IFC

Retrieved on: 
Wednesday, March 6, 2024
BNP Paribas, Name, Sustainability, ADQ, IPA, Register, ADFW, Growth, AUM, COP28, World Bank, Bridgewater Associates, DLT, Risk assessment, Sustainable finance, G42, AIIB, GCFC, LPA, Fintech, Goldman Sachs, JPMorgan Chase, Abu Dhabi Global Market, Asian Infrastructure Investment Bank, Investcorp, Distributed ledger, Cryptocurrency

Assets Under Management (AUM) as of 31st December 2023, showcased a year-on-year increase of 35% when compared to 2022 numbers.

Key Points: 
  • Assets Under Management (AUM) as of 31st December 2023, showcased a year-on-year increase of 35% when compared to 2022 numbers.
  • Emerging as a preferred destination for businesses across borders, ADGM has witnessed major global and regional giants within the sector establishing themselves in ADGM.
  • added, "Enhancing Abu Dhabi's international standing as the 'capital of capital', ADGM has truly capitalised the capital city's potential for the financial landscape and strategically unlocked opportunities within underlying sectors.
  • ADGM launched its inaugural Money Laundering and Terrorist Financing (ML/TF) Risk Assessment of ADGM Legal Persons and Arrangements Report (LPA Report) in May 2023.

Abu Dhabi: The Capital of Capital Ends 2023 with ADGM as the Region's Fastest-Growing IFC

Retrieved on: 
Wednesday, March 6, 2024
BNP Paribas, Name, Sustainability, ADQ, IPA, Register, ADFW, Growth, AUM, COP28, World Bank, Bridgewater Associates, DLT, Risk assessment, Sustainable finance, G42, AIIB, GCFC, LPA, Fintech, Goldman Sachs, JPMorgan Chase, Abu Dhabi Global Market, Asian Infrastructure Investment Bank, Investcorp, Distributed ledger, Cryptocurrency

Assets Under Management (AUM) as of 31st December 2023, showcased a year-on-year increase of 35% when compared to 2022 numbers.

Key Points: 
  • Assets Under Management (AUM) as of 31st December 2023, showcased a year-on-year increase of 35% when compared to 2022 numbers.
  • Emerging as a preferred destination for businesses across borders, ADGM has witnessed major global and regional giants within the sector establishing themselves in ADGM.
  • added, "Enhancing Abu Dhabi's international standing as the 'capital of capital', ADGM has truly capitalised the capital city's potential for the financial landscape and strategically unlocked opportunities within underlying sectors.
  • ADGM launched its inaugural Money Laundering and Terrorist Financing (ML/TF) Risk Assessment of ADGM Legal Persons and Arrangements Report (LPA Report) in May 2023.

THE ROYAL CANADIAN MINT TRANSFORMS ITS GOLD REFINING WITH NEW DISTRIBUTED LEDGER TECHNOLOGY SOLUTION THAT TRACES METAL FROM MINE TO VAULT

Retrieved on: 
Monday, March 4, 2024
Royal Canadian Mint, RCM, Trust, History, Gold, DLT, Good Delivery, Distributed ledger, Cryptocurrency

Simply put, whomever has custody/ownership of the gold bar will have the ability to see the bar's custody history (e.g., Mint, financial institution, armoured car carrier, or London Vault).

Key Points: 
  • Simply put, whomever has custody/ownership of the gold bar will have the ability to see the bar's custody history (e.g., Mint, financial institution, armoured car carrier, or London Vault).
  • DLT will log the transfer and ownership of a gold bullion bar.
  • DLT allows the Mint to attach a provenance record to each gold bullion bar to enable the owner of the bar to view the origin of the gold within the bar.
  • Parties registered as platform users, such as refining clients, armoured car carriers/logistic providers, financial institutions, and bullion distributors and dealers, will be able to access this data directly.

THE ROYAL CANADIAN MINT TRANSFORMS ITS GOLD REFINING WITH NEW DISTRIBUTED LEDGER TECHNOLOGY SOLUTION THAT TRACES METAL FROM MINE TO VAULT

Retrieved on: 
Monday, March 4, 2024
Royal Canadian Mint, RCM, Trust, History, Gold, DLT, Good Delivery, Distributed ledger, Cryptocurrency

Simply put, whomever has custody/ownership of the gold bar will have the ability to see the bar's custody history (e.g., Mint, financial institution, armoured car carrier, or London Vault).

Key Points: 
  • Simply put, whomever has custody/ownership of the gold bar will have the ability to see the bar's custody history (e.g., Mint, financial institution, armoured car carrier, or London Vault).
  • DLT will log the transfer and ownership of a gold bullion bar.
  • DLT allows the Mint to attach a provenance record to each gold bullion bar to enable the owner of the bar to view the origin of the gold within the bar.
  • Parties registered as platform users, such as refining clients, armoured car carriers/logistic providers, financial institutions, and bullion distributors and dealers, will be able to access this data directly.

Sygnum Bank, Hamilton Lane and Apex Group Expand Access to Private Markets via DLT-Registered Shares in USD 3.8bn Fund

Retrieved on: 
Thursday, February 29, 2024
Blockchain, Polygon, USD, Wealth, Investment, Partnership, Growth, DLT, Digital, CFA, Business, MSCI, Environment, Movement, Digital asset, Cryptocurrency

ZÜRICH, Feb. 29, 2024 /PRNewswire/ -- Sygnum, a global digital asset banking group; Hamilton Lane (Nasdaq: HLNE), a leading global private markets investment management firm; and financial services firm Apex Group are expanding access to global private markets via new DLTi-registered shares on the Polygon blockchain.

Key Points: 
  • ZÜRICH, Feb. 29, 2024 /PRNewswire/ -- Sygnum, a global digital asset banking group; Hamilton Lane (Nasdaq: HLNE), a leading global private markets investment management firm; and financial services firm Apex Group are expanding access to global private markets via new DLTi-registered shares on the Polygon blockchain.
  • Sygnum Bank, Hamilton Lane, and Apex Group today announce a cross industry project that expands global private market access to significantly larger and more diverse groups of qualified investors.
  • Leveraging Sygnum's DLT solutions, the minimum investment has a significantly lower fund entry point than direct investments into traditional private markets' evergreen funds.
  • Hamilton Lane, a leading global private markets investment firm with over USD 900bn in assets under management and supervisioniv, will serve as investment manager for the new offering.

DMG Blockchain Solutions Announces Relationship with Sygnum Bank to Provide Credit Facility

Retrieved on: 
Thursday, February 15, 2024
DMG, TSX, Growth, DLT, Bitmain, BTC, Miner, Partnership, Cryptocurrency

In addition to this US$9 million credit facility, DMG intends to use some of its existing cash towards the purchase of these miners from Bitmain.

Key Points: 
  • In addition to this US$9 million credit facility, DMG intends to use some of its existing cash towards the purchase of these miners from Bitmain.
  • Sygnum has the right to terminate the agreement at any time, at which time the loan would be due immediately.
  • The loan is secured against the Company’s digital currency assets of 237.8 BTC, which are pledged and deposited with Sygnum.
  • DMG’s CEO Sheldon Bennett commented, “We are very happy to announce this partnership with Sygnum as a strategic banking partner.

Citi Collaborates with Wellington Management and WisdomTree to Explore Tokenization of Private Markets

Retrieved on: 
Wednesday, February 14, 2024
Banking, Asset Management, Professional Services, Finance, Subnetwork, Wellington Management Company, ABN, ABN AMRO, DLT, Business development, Ecosystem, Automation, WisdomTree Investments, Citigroup, Digital asset, Travel, Cryptocurrency

Today, Citi has announced that it has successfully completed a proof of concept on tokenization of private funds along with Wellington Management and WisdomTree.

Key Points: 
  • Today, Citi has announced that it has successfully completed a proof of concept on tokenization of private funds along with Wellington Management and WisdomTree.
  • Private markets, although a $10 trillion asset class1, are characterized by an infrastructure that is complex and manual, with a lack of standardization and transparency, leading to inefficient distribution and operations.
  • The underlying fund distribution rules were encoded into the smart contract and embedded in the token transferred to hypothetical WisdomTree clients.
  • We look forward to continuing to collaborate with Citi, strong, long-term partners who are providing meaningful developments and thought leadership in the blockchain space,” said Mark Garabedian, Director, Digital Assets & Tokenization Strategy, Wellington Management.

Mondelēz International Joins Hedera Council to Accelerate DLT Adoption, Digital Transformation, and Improved Business Efficiencies

Retrieved on: 
Wednesday, February 14, 2024
International, Digital, CPG, Cadbury Dairy Milk, DLT, Blockchain, Rachel House (actress), Human, Snack, Council, Organization, Fintech, MDLZ, Research, Milka, Cryptocurrency

CHICAGO, Feb. 14, 2024 /PRNewswire/ -- The Hedera Council, which stewards the Hedera open source, leaderless proof-of-stake public network, today announced that Mondelēz International (Nasdaq: MDLZ) has joined the Council.

Key Points: 
  • CHICAGO, Feb. 14, 2024 /PRNewswire/ -- The Hedera Council, which stewards the Hedera open source, leaderless proof-of-stake public network, today announced that Mondelēz International (Nasdaq: MDLZ) has joined the Council.
  • The Hedera Council is a consortium of over 30 highly diversified organizations governing the Hedera network, a sustainable public ledger for the decentralized economy.
  • "We are excited to continue our commitment to digital transformation exploring distributed ledger technologies alongside Hedera," said Xiang Xu, Global COE Leader of Digital Strategy and BlockChain at Mondelēz International.
  • We are excited to amplify their voice as part of the Hedera Council towards spearheading relevant business solutions for the greater CPG and retail ecosystem."

AIM ImmunoTech Announces First Subject Dosed in the Netherlands for Phase 1b/2 Study Evaluating Ampligen® (rintatolimod) in Combination with AstraZeneca’s Imfinzi (durvalumab) for the Treatment of Pancreatic Cancer

Retrieved on: 
Wednesday, February 14, 2024
Toxicity, Doctor of Philosophy, MD, FOLFIRINOX, Erasmus MC, DLT, AIM, Safety, Patient, RECIST, Survival, Disease, Pharmaceutical industry

The primary objective of the Phase 2 portion is to determine the clinical benefit rate of the combination therapy.

Key Points: 
  • The primary objective of the Phase 2 portion is to determine the clinical benefit rate of the combination therapy.
  • Subjects will start with Ampligen 200 mg via IV infusion twice per week for a total of 6 weeks (12 doses).
  • The first dose of Ampligen will be administered preferably 4-6 weeks after the last chemotherapy FOLFIRINOX dose.
  • After two doses of Ampligen, the first dose of durvalumab 1500 mg via IV infusion will be introduced in week 2.

IDnow joins consortium aimed at making crypto assets compliant with new EU regulations

Retrieved on: 
Tuesday, February 13, 2024
IOTA, Crypto, Transfer, Ethereum, EVM, AML, TFR, KYC, European, DLT, SBT, Communication, Covenant Baptist Theological Seminary, Ecosystem, Privacy, PII, CASP, Law enforcement, Decentralized finance, Cryptocurrency

MUNICH, Feb. 13, 2024 /PRNewswire/ --  IDnow, a leading identity verification platform provider in Europe, joins a consortium of five partners including the IOTA Foundation, walt.id, SPYCE.5, and Bloom Labs with the goal of making Crypto Asset Service Providers (CASPs) and self-hosted wallets compliant with the European Anti-Money-Laundering Regulation and the Transfer of Funds Regulation (TFR). 

Key Points: 
  • Additionally, the new AML Regulation will require all CASPs to comply with similar AML rules as other financial institutions.
  • However, to comply with the new regulations, CASPs need to know with whom they are doing business and continuously verify this information.
  • "We are excited to be part of this forward-thinking consortium alongside highly esteemed crypto asset industry players to address a pressing need for crypto wallet solutions that comply with the latest EU regulations.
  • "We're proud to be part of this groundbreaking consortium, leveraging SPYCE.5's hybrid chain architecture to navigate the complex landscape of EU regulations.