CAYMAN ISLANDS

FundBank Launches Introduced Prime Brokerage Services in Collaboration with Interactive Brokers

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星期二, 十月 31, 2023

Markets in Financial Instruments Directive 2014, FATCA, Interactivity, II, Interactive Brokers, GEORGE, IBKR, Introduction, GDPR, AML, Financial services, Sales

GEORGE TOWN, Cayman Islands, Oct. 31, 2023 /PRNewswire/ -- FundBank announced today that it is launching Introduced Prime Brokerage Services through Interactive Brokers (NASDAQ: IBKR). This turnkey solution will provide clients with trading, clearing, custody and reporting capabilities whilst leveraging the advanced trading technologies of Interactive Brokers. Clients will benefit from:

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Expanding its suite of banking solutions, FundBank launches Introduced Prime Brokerage Services, and is poised to transform the institutional banking sector with its unmatched range of offerings tailored to the asset management industry.
GEORGE TOWN, Cayman Islands, Oct. 31, 2023 /PRNewswire/ -- FundBank announced today that it is launching Introduced Prime Brokerage Services through Interactive Brokers (NASDAQ: IBKR).
This turnkey solution will provide clients with trading, clearing, custody and reporting capabilities whilst leveraging the advanced trading technologies of Interactive Brokers.
Adam Rossiter, COO FundBank, Ltd. commented, "We are delighted to be working with a high calibre broker such as Interactive Brokers as we continue on our growth trajectory, expanding our offerings to deliver an unmatched and innovative client experience."

Lexasure Announces Rollout of Insurtech B2B Portal "Atlas" at Singapore International Reinsurance Conference

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星期一, 十月 30, 2023

Insurance, Policy, RaaS, Conference, Growth, Risk management, Oxford Policy Management, USD, CRM, Financial capital, Automation, Data Analytics Library, Claims management company, Reinsurance, Surveying

GEORGETOWN, Cayman Islands, Oct. 30, 2023 /PRNewswire/ -- Lexasure Financial Group Limited ("Lexasure" or the "Company"), a provider of reinsurance, insurance, and insurtech solutions in South and Southeast Asia, today announced the upcoming rollout of Atlas, a B2B risk management portal for general reinsurance on the LexasureCloud 1.0 platform.

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GEORGETOWN, Cayman Islands, Oct. 30, 2023 /PRNewswire/ -- Lexasure Financial Group Limited ("Lexasure" or the "Company"), a provider of reinsurance, insurance, and insurtech solutions in South and Southeast Asia, today announced the upcoming rollout of Atlas, a B2B risk management portal for general reinsurance on the LexasureCloud 1.0 platform.
The Atlas platform is being announced at the Singapore International Reinsurance Conference, taking place from October 30th to November 2nd in Singapore, where Ian Lim, CEO of Lexasure, is presenting.
"We are thrilled to introduce Atlas, the first-of-its-kind reinsurance-focused platform designed to amplify business growth and profitability," said Ian Lim, CEO of Lexasure.
Atlas is expected to enable access to growth opportunities for partners and insurers through its B2B core platform modules on LexasureCloud.

Orion Beats Uniswap Tax by Offering 0% DEX Fees and 0.25% on CEX Trades

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星期四, 十月 26, 2023

DEX, Curve, CEX, Dex, Dependent territory, ETH, USDC, WBTC, Orion, Uniswap, OKX, CeX (company), Cryptocurrency, Binance

Cayman Islands, British Overseas Territories | October 26, 2023 08:00 AM Eastern Daylight Time

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Cayman Islands, British Overseas Territories | October 26, 2023 08:00 AM Eastern Daylight Time
Centralized and decentralized exchange aggregator Orion has revealed its 0% fee model for DEX trades that makes it cheaper than Uniswap.
Unlike the majority of DEX platforms, Orion doesn’t impose a commission on trades, allowing users to keep more of their crypto.
On October 16, Uniswap began imposing a 0.15% on swaps involving assets such as ETH, WBTC, and USDC.
Orion, however, has continued to maintain its zero percent fee for DEX trades, and levies as low as 0.25% for CEX, making it cheaper than most AMMs including Uniswap.

Index Coop Debuts ETH Trend Index Powered by CoinDesk Indices' Data

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星期三, 十月 25, 2023

ETH, ERC20, Index, Ether, ETI, CFA, Movement, CoinDesk, Cryptocurrency

CAYMAN ISLANDS, Oct. 25, 2023 /PRNewswire/ -- The Index Coop is delighted to announce the launch of the Index Coop CoinDesk ETH Trend Index (cdETI), a tokenized implementation of CoinDesk Indices' Ether Trend Indicator designed to take advantage of ETH's price volatility, without the need for constant market monitoring and active trading.

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CAYMAN ISLANDS, Oct. 25, 2023 /PRNewswire/ -- The Index Coop is delighted to announce the launch of the Index Coop CoinDesk ETH Trend Index (cdETI) , a tokenized implementation of CoinDesk Indices' Ether Trend Indicator designed to take advantage of ETH's price volatility, without the need for constant market monitoring and active trading.
"The Ether Trend Indicator is designed to detect the presence, direction, and strength of trend in the price of ether.
We built it to drive client-developed outcome-oriented ETH strategies that help deliver a smoother ride," said Andy Baehr, CFA, Managing Director at CoinDesk Indices.
CoinDesk Indices Ether Trend Indicator (ETI) identifies trends in ETH's price movement by comparing recent prices to older prices over a recent historical period.

Tenet Bank Launches from the Cayman Islands to Serve the Global Technology Economy

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星期一, 十月 23, 2023

Banking, Professional Services, Financial management, Cayman Islands, Internet, Cayman Islands Monetary Authority, Tenet, Bank, Research, API, Cryptocurrency

Tenet Bank Ltd. (“Tenet”), a global bank engineered for the modern innovation economy, is excited to announce its soft launch today.

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Tenet Bank Ltd. (“Tenet”), a global bank engineered for the modern innovation economy, is excited to announce its soft launch today.
Licensed by the Cayman Islands Monetary Authority, Tenet will adhere to the Cayman Islands’ robust banking regulations that have established it as a highly regarded international financial centre.
Tenet features proprietary state-of-the-art software, technology sector expertise, white glove service, and a premier banking location to help clients efficiently manage and move capital across the world.
Following several years of rigorous product development, co-founders Brian Tang and Brandon Caruana are pleased to bring Tenet’s offering to the global technology ecosystem.

Western Asset Announces New Partnership with Mischler Financial Group

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星期三, 十月 18, 2023

Professional Services, Finance, Legg Mason, Mischler Financial Group, Woman, Liquidating distribution, Partnership, Mischler, Security (finance), Cryptocurrency, Western Asset Management Company

Franklin Templeton announced the launch of Mischler Financial Group branded share classes in two Cayman Islands-based institutional money market funds sub-advised by Western Asset Management.

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Franklin Templeton announced the launch of Mischler Financial Group branded share classes in two Cayman Islands-based institutional money market funds sub-advised by Western Asset Management.
The new share classes represent a partnership between Western Asset and Mischler Financial Group that aims to support their mutual corporate clients’ objectives of maximizing their positive social impact through partnering with minority, women and disabled-veteran broker dealers.
The share classes are available for investment by non-U.S.-based institutional shareholders through Mischler Financial Group and its affiliates and are intended as cash management solutions for non-U.S.-based shareholders, including corporate treasury and other qualifying institutional investors.
Matt Jones, Head of Liquidity Distribution at Western Asset, said: “We are excited to have been selected as the exclusive offshore money market fund provider to Mischler Financial Group’s clients.

API3 Expands Verifiable, Decentralized Data Feeds to Five New Chains

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星期三, 十月 18, 2023

API3 recently announced the deployment of its decentralized data feeds (dAPIs) across five new chains: Base, Kava, Linea, Mantle, and Rootstock.

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API3 recently announced the deployment of its decentralized data feeds (dAPIs) across five new chains: Base, Kava, Linea, Mantle, and Rootstock.
This significant expansion reflects API3's commitment to revolutionizing decentralized finance (DeFi) by supporting as many chains as possible with verifiable, decentralized data feeds maintained on-chain directly by the data providers.
API3’s cost-effective approach democratizes access to the off-chain data developers need to build a variety of decentralized applications.
API3's dAPIs simplify the process for developers to access real-world data, fulfilling API3’s vision of providing verifiable, decentralized data feeds maintained on-chain directly by the data providers.

Gravitas Education Holdings, Inc. Announces Extension of the Outside Date of the Merger

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星期三, 十月 18, 2023

Online, HKEX, NYSE, NetDragon Websoft, Sale, Tripura Merger Agreement, Closing, British Virgin Islands, Sub, Virgin Islands, Financial services, PRC, Mergers and acquisitions

BEIJING, Oct. 18, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (NYSE: GEHI) ("GEHI" or the "Company"), a leading early childhood education service provider in China, today announced that the Company entered into an omnibus amendment and waiver (the "Amendment Agreement") to extend the outside date of the closing (the "Closing") of the Merger (as defined below) to January 18, 2024 considering the extra time that may be needed for the parties to complete the Merger.

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BEIJING, Oct. 18, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (NYSE: GEHI) ("GEHI" or the "Company"), a leading early childhood education service provider in China, today announced that the Company entered into an omnibus amendment and waiver (the "Amendment Agreement") to extend the outside date of the closing (the "Closing") of the Merger (as defined below) to January 18, 2024 considering the extra time that may be needed for the parties to complete the Merger.
As previously announced, the Company, Bright Sunlight Limited, a Cayman Islands exempted company and a direct, wholly owned subsidiary of the Company (the "Merger Sub"), Best Assistant Education Online Limited, a Cayman Islands exempted company ("Best Assistant") and a controlled subsidiary of NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon"), a Cayman Islands exempted company, and solely for purposes of certain named sections thereof, NetDragon entered into the agreement and plan of merger (the "Merger Agreement") on April 18, 2023, which contemplates that Best Assistant will transfer the education business of NetDragon outside of the PRC to Elmtree Inc., a Cayman Islands exempted company limited by shares wholly owned by Best Assistant ("eLMTree"), and Merger Sub will merge with and into eLMTree with eLMTree continuing as the surviving company and becoming a wholly owned subsidiary of the Company (the "Merger").
eLMTree has executed and delivered a joinder to the Merger Agreement on August 18, 2023.
Pursuant to the Amendment Agreement, the parties also agreed to change the composition of the board of the Company immediately after the effective time of the Merger, to adjust the number of shares of the Company to be sold by certain existing shareholders of the Company pursuant to a share purchase agreement dated April 18, 2023, to NetDragon Websoft Inc., a company incorporated in the British Virgin Islands and a wholly-owned subsidiary of NetDragon (the "Secondary Sale"), to waive certain condition precedent to the closing of the Secondary Sale and the closing of the divestiture of the Company's education business in China to Rainbow Companion, Inc., and on certain additional logistical matters related to the Closing.

Aimfinity Investment Corp. I enters into Definitive Merger Agreement with Taiwanese smart medical device developer Docter Inc.

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星期一, 十月 16, 2023

The company operates Docter brand watches and employs Docter Cloud platform technologies to facilitate health monitoring, vascular elasticity tracking, and myocardial infarction prediction.

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The company operates Docter brand watches and employs Docter Cloud platform technologies to facilitate health monitoring, vascular elasticity tracking, and myocardial infarction prediction.
In addition to this exciting transaction, Docter Inc. has recently announced that it has signed a Memorandum of Understanding (MOU) with Harvard Medical School for the purchase of 10,000 Docter watches.
These watches will be utilized in a Harvard Medical School Long Covid research project, highlighting the growth potential of Docter Inc.'s technology in advanced medical research.
US Tiger Securities is serving as M&A and Capital Markets advisor and Robinson & Cole LLP is serving as legal advisor to Aimfinity.

Sui Reclaims 117 Million SUI for Ecosystem and Community Development

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星期四, 十月 5, 2023

Blockchain, Networks, Cryptocurrency, Finance, Professional Services, Technology, Fintech, Digital Cash Management, Digital Assets, TVL, Traction, Web 2.0, SUI, Decentralized finance, Ecosystem, Growth, History

As these tokens had been released previously, their redistribution will not affect the circulating supply of SUI.

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As these tokens had been released previously, their redistribution will not affect the circulating supply of SUI.
These amounts are in addition to 25 million SUI earmarked for awarding the winners of its liquid staking hackathon who were announced this week on Tuesday, October 3rd.
Based on the strong adoption it has already demonstrated, Sui’s DeFi ecosystem will be a key beneficiary of the new allocations.
“Today’s reallocation represents a key influx of resources that will provide a new tailwind for Sui’s community of builders, developers, and ecosystem participants and fuel Sui’s ecosystem growth in the coming months and beyond.”