KUALA LUMPUR, April 29 (Bernama) -- AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of "a-" (Excellent) of New Zealand’s Tower Limited (Tower), with the outlook for both credit ratings (ratings) assessed as stable.
In a statement, the global credit rating agency said the ratings reflected Tower’s very strong balance sheet strength, adequate operating performance, neutral business profile and appropriate enterprise risk management.
The company’s balance sheet strength is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, which remained at the strongest level as of the fiscal year ended Sept 30, 2024.
Although the company’s risk-adjusted capitalisation is expected to decline following a dividend payment and share buyback in the first half of fiscal year 2025, it is anticipated to remain at least at a very strong level over the medium term, supported by earnings retention.
The credit rating agency added that Tower’s regulatory solvency capital under the latest Interim Solvency Standard is expected to maintain a healthy buffer above minimum requirements, bolstered by strong financial flexibility, a prudent reinsurance programme and a conservative investment strategy.
Meanwhile, AM Best assessed the company’s operating performance as adequate, noting that it has delivered consistent results despite volatility linked to catastrophe events. In fiscal year 2024, Tower recorded a return-on-equity ratio of 22.6 per cent and a net/net combined ratio of 83.1 per cent.
Positive underwriting and operating results are expected over the medium term, supported by appropriate risk selection, pricing strategies and investment returns.
Tower, a medium-sized non-life insurer, operates mainly in New Zealand with additional presence in the Pacific Islands, focusing on home and motor insurance distributed through direct channels and partnerships.
Despite holding a modest five per cent market share in the overall non-life market, Tower maintains a solid position in its core insurance segments in New Zealand.
-- BERNAMA
Tuesday, 29 April 2025
TOWER’S CREDIT RATINGS AFFIRMED BY AM BEST
Monday, 28 April 2025
TAIWANESE SHINKONG INSURANCE RECEIVES CREDIT RATING BOOST FROM AM BEST
KUALA LUMPUR, April 28 (Bernama) -- AM Best has upgraded the long-term issuer credit rating (Long-Term ICR) of Taiwan’s Shinkong Insurance Company Limited (Shinkong Insurance) to “a+” (Excellent) from “a” (Excellent), while affirming its financial strength rating (FSR) at A (Excellent).
In a statement, AM Best said the outlook of the Long-Term ICR has been revised to stable from positive, with the outlook for the FSR remaining stable.
The credit ratings (ratings) reflect Shinkong Insurance’s very strong balance sheet strength, strong operating performance, neutral business profile and appropriate enterprise risk management.
“The upgrade in Long-Term ICR is driven by the company’s robust profitability, underpinned by strong underwriting gains and steady investment income,” the global credit rating agency said.
Shinkong Insurance recorded solid underwriting profits over the past two years, setting record-high net technical results and achieving the highest net income among domestic non-life insurers in 2024, contributing 16.4 per cent of the segment’s total profits.
AM Best noted that the company has consistently outperformed peers in key metrics, including loss experience, expense ratios and return measures, with a five-year average return on equity of 13.1 per cent and a 2024 return on premium of 20.6 per cent.
Its risk-adjusted capitalisation remains at the strongest level as measured by Best’s Capital Adequacy Ratio, supported by organic earnings growth, a prudent investment approach, comprehensive reinsurance coverage, and financial flexibility as a listed entity.
Shinkong Insurance is Taiwan’s third-largest non-life insurer by gross premiums written, with a moderately diversified underwriting portfolio and a stable distribution mix led by its direct channel.
AM Best cautioned that negative rating actions could occur should there be a significant decline in profitability or a marked deterioration in balance sheet strength. Conversely, further positive rating actions are possible if the company’s balance sheet metrics improve beyond the current very strong level.
-- BERNAMA
In a statement, AM Best said the outlook of the Long-Term ICR has been revised to stable from positive, with the outlook for the FSR remaining stable.
The credit ratings (ratings) reflect Shinkong Insurance’s very strong balance sheet strength, strong operating performance, neutral business profile and appropriate enterprise risk management.
“The upgrade in Long-Term ICR is driven by the company’s robust profitability, underpinned by strong underwriting gains and steady investment income,” the global credit rating agency said.
Shinkong Insurance recorded solid underwriting profits over the past two years, setting record-high net technical results and achieving the highest net income among domestic non-life insurers in 2024, contributing 16.4 per cent of the segment’s total profits.
AM Best noted that the company has consistently outperformed peers in key metrics, including loss experience, expense ratios and return measures, with a five-year average return on equity of 13.1 per cent and a 2024 return on premium of 20.6 per cent.
Its risk-adjusted capitalisation remains at the strongest level as measured by Best’s Capital Adequacy Ratio, supported by organic earnings growth, a prudent investment approach, comprehensive reinsurance coverage, and financial flexibility as a listed entity.
Shinkong Insurance is Taiwan’s third-largest non-life insurer by gross premiums written, with a moderately diversified underwriting portfolio and a stable distribution mix led by its direct channel.
AM Best cautioned that negative rating actions could occur should there be a significant decline in profitability or a marked deterioration in balance sheet strength. Conversely, further positive rating actions are possible if the company’s balance sheet metrics improve beyond the current very strong level.
-- BERNAMA
Saturday, 26 April 2025
Uni-Fuels Announces Full Year 2024 Financial Results
Year-Over-Year increases in Sales of Marine Fuels, Total Revenues and Gross Profit
SINGAPORE, April 23 (Bernama-GLOBE NEWSWIRE) -- Uni-Fuels Holdings Limited (NASDAQ: UFG), (“Uni-Fuels” or the “Company”), a global provider of marine fuel solutions headquartered in Singapore, today announced its financial results for year ended December 31, 2024.Recent Developments
· On January 15, 2025, the Company closed its initial public offering (the “Offering”) of 2,100,000 Class A Ordinary Shares at a public offering price of $4.00 per share, for total gross proceeds of $8.4 million, before deducting underwriting discounts and commissions. All of the Class A Ordinary Shares are offered by Uni-Fuels. The Class A Ordinary Shares commenced trading on Nasdaq Capital Market on January 14, 2025, under the ticker symbol “UFG”.
· On February 4, 2025, the Underwriter exercised the over-allotment option (the “Over-Allotment Option”) in full to purchase additional 315,000 Class A Ordinary Shares from the Company at the public offering price of $4.00 per share, generated gross proceeds of $1.26 million. After giving effect to the full exercise of the Over-Allotment Option, the total number of Class A Ordinary Shares sold by the Company in the Offering increased to 2,415,000 Class A Ordinary Shares and the gross proceeds increased to $9.66 million, before deducting underwriting discounts and commissions.
Main Highlights:
· In 2024, Sales of Marine Fuels reached US$155.2 million, an increase of US$85.0 million, 121% Year-Over-Year, compared to approximately US$70.2 million in 2023. As a result, Total Revenues reached US$155.2 million an increase of US$84.4 million, 119% YOY, versus US$70.8 million in 2023.
· Cost Of Revenues increased approximately US$83.5 million or 122% from approximately US$68.5 million in 2023 to US$152.0 million in 2024, mainly due to growth in sales of marine fuels with increasing cost to acquire marine fuels for sales.
· Gross Profit was US$2.3 million in 2023 and increased YOY in 2024 by US$0.9 million, 40%, to US$3.2 million.
· Total Operating Expenses rose from US$0.9 million in 2023 to approximately US$3.0 million, a YOY increase of US$2.1 million or 236%.
· As a result of these factors, Net Income decreased from US$1.2 million in 2023 to US$0.2 million in 2024, a YOY decrease of approximately US$1.0 million or 86%.
Friday, 25 April 2025
Checkmarx One Breaks the AppSec Barrier by Delivering ASPM Directly to Developers
New plugins for the most popular integrated development environments deliver a seamless, scalable experience
PARAMUS, N.J., April 25 (Bernama-BUSINESS WIRE) -- Checkmarx, the industry leader in cloud-native application security for the enterprise, today announced the availability of the industry’s most robust application security posture management (ASPM) solution within the most widely used integrated development environments (IDEs). The cloud-based Checkmarx One application security platform dramatically improves developer experience of AppSec-related tasks and provides helpful tools for prioritization and remediation of vulnerabilities without disruption, thereby enabling optimal developer workflows to scale to meet the needs of the business.
With recent research showing that 72% of developers at large enterprises spend more than 17 hours each week on security-related tasks, the challenge of simplifying developer experience of AppSec is critical. In direct response to this challenge, Checkmarx One now delivers ASPM directly to the IDE, empowering developers to accelerate vulnerability prioritization, speed up remediation and better protect the business — all while saving valuable time.
IDC’s Katie Norton, Research Manager for DevSecOps and Software Supply Chain, noted: “Bringing ASPM context directly into the IDE reflects a forward-looking approach to prioritizing security efforts based on risk earlier in the development process. By surfacing relevant insights in context and reducing reliance on downstream ticketing systems, Checkmarx can help developers take timely action on high-priority findings and improve collaboration between security and engineering teams.”
In addition to delivering the ASPM view within the IDE, Checkmarx is announcing powerful new capabilities in Checkmarx One that streamline the process of AppSec for developers, including:
PARAMUS, N.J., April 25 (Bernama-BUSINESS WIRE) -- Checkmarx, the industry leader in cloud-native application security for the enterprise, today announced the availability of the industry’s most robust application security posture management (ASPM) solution within the most widely used integrated development environments (IDEs). The cloud-based Checkmarx One application security platform dramatically improves developer experience of AppSec-related tasks and provides helpful tools for prioritization and remediation of vulnerabilities without disruption, thereby enabling optimal developer workflows to scale to meet the needs of the business.
With recent research showing that 72% of developers at large enterprises spend more than 17 hours each week on security-related tasks, the challenge of simplifying developer experience of AppSec is critical. In direct response to this challenge, Checkmarx One now delivers ASPM directly to the IDE, empowering developers to accelerate vulnerability prioritization, speed up remediation and better protect the business — all while saving valuable time.
IDC’s Katie Norton, Research Manager for DevSecOps and Software Supply Chain, noted: “Bringing ASPM context directly into the IDE reflects a forward-looking approach to prioritizing security efforts based on risk earlier in the development process. By surfacing relevant insights in context and reducing reliance on downstream ticketing systems, Checkmarx can help developers take timely action on high-priority findings and improve collaboration between security and engineering teams.”
In addition to delivering the ASPM view within the IDE, Checkmarx is announcing powerful new capabilities in Checkmarx One that streamline the process of AppSec for developers, including:
- Pre-commit Secrets Scanning in the IDE, powered by the Checkmarx One detection engine, helps developers eliminate redundant fixes, reduce engineering effort and proactively safeguard the business.
- JFrog Artifactory Integration enables customers to safeguard proprietary code and ensure compliance in private registries while empowering developers to deliver secure code faster.
- Head of Engineering Dashboard allows engineering leaders to gain a single, data-driven view to enforce AppSec best practices and drive engineering efficiency across teams.
"Developer experience is no longer a nice to-have but a must-have for every AppSec program. Scaling application security across the enterprise is hard and the key to success are the development teams,” remarked Ori Bendet, VP of Product at Checkmarx. “Checkmarx One offers everything security and development teams need to be successful. Now we’re taking it one step further and bringing the ASPM view for developers right to where they work."
Checkmarx One provides complete coverage across any cloud-native application during the development phase. It enables both speed and security to improve the experience of software developers while addressing the rising threats of software supply chain attacks, API exploits and malicious code.
For more information on Checkmarx One, visit this page. To learn more about the developer-centric ASPM capabilities in Checkmarx One, visit Checkmarx in booth #942 at the RSA™ 2025 Conference.
About Checkmarx
Checkmarx helps the world’s largest enterprises get ahead of application risk without slowing down development. More applications, faster pipelines and growing threats are all contributing to skyrocketing risk. Checkmarx helps end the guesswork in identifying the most critical issues to fix. Giving AppSec the tools they need while letting developers work the way they want, from DevOps pipelines to developer experience, Checkmarx helps security and development teams work better together – all on a unified application security platform. That’s why so many enterprises rely on Checkmarx to scan over one trillion lines of code each year, see 2X ROI, and improve developer productivity on security tasks by 50%. Checkmarx. Always Ready to Run.
Follow Checkmarx on LinkedIn, YouTube and X.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20250424096661/en/
Contact
Media Contact
Checkmarx PR Team
pr@checkmarx.com
Source : Checkmarx
Checkmarx One provides complete coverage across any cloud-native application during the development phase. It enables both speed and security to improve the experience of software developers while addressing the rising threats of software supply chain attacks, API exploits and malicious code.
For more information on Checkmarx One, visit this page. To learn more about the developer-centric ASPM capabilities in Checkmarx One, visit Checkmarx in booth #942 at the RSA™ 2025 Conference.
About Checkmarx
Checkmarx helps the world’s largest enterprises get ahead of application risk without slowing down development. More applications, faster pipelines and growing threats are all contributing to skyrocketing risk. Checkmarx helps end the guesswork in identifying the most critical issues to fix. Giving AppSec the tools they need while letting developers work the way they want, from DevOps pipelines to developer experience, Checkmarx helps security and development teams work better together – all on a unified application security platform. That’s why so many enterprises rely on Checkmarx to scan over one trillion lines of code each year, see 2X ROI, and improve developer productivity on security tasks by 50%. Checkmarx. Always Ready to Run.
Follow Checkmarx on LinkedIn, YouTube and X.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20250424096661/en/
Contact
Media Contact
Checkmarx PR Team
pr@checkmarx.com
Source : Checkmarx
Wednesday, 23 April 2025
JUMIO UNVEILS CROSS-TRANSACTION RISK TO STRENGTHEN FRAUD DETECTION
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| Jumio Network Harnesses Power of Proprietary Data to Advance Fight Against Identity Fraud |
KUALA LUMPUR, April 23 (Bernama) -- Jumio, an artificial intelligence (AI)-powered biometric identity verification and compliance solutions provider, has announced the general availability of Cross-Transaction Risk to help businesses detect fraud by connecting identity elements across the Jumio network.
In a statement, the company said the new capability, part of the Jumio Identity Reputation suite, enables organisations to enhance fraud detection while maintaining seamless user experience and identity assurance.
“By connecting proprietary identity data across customers, sessions and time, the Jumio network enables earlier fraud detection, faster onboarding and continuous risk monitoring,” said Jumio Chief Product and Technology Officer, Bala Kumar.
Unlike traditional identity verification, which validates a user at a single point in time, Jumio Identity Reputation provides continuous intelligence by analysing identity attributes and behaviours across sessions.
At the core of this solution is the Jumio network, a privacy-first intelligence system built on over 32 million known identities, including both legitimate and fraudulent transactions.
Jumio leverages this data with explicit end-user consent, in line with stringent privacy regulations such as the General Data Protection Regulation (GDPR).
According to Jumio, to date, more than 400 customers have joined the network, contributing to its ability to detect identity risks at scale.
Early access to Cross-Transaction Risk has shown positive results, with the solution identifying an average of 28 per cent more fraud attempts.
A major telecommunications company in the Asia-Pacific region, for example, used the tool to detect and block over 50 per cent of fraudulent ID transactions involving camera injection and deepfake attacks.
-- BERNAMA
Friday, 18 April 2025
PAWFECT STAYS: PETS TRAVEL IN STYLE WITH ALL.COM
KUALA LUMPUR, April 18 (Bernama) -- Travelling with pets used to mean making compromises, but not anymore. As pet-friendly travel continues to boom, Accor’s booking platform and loyalty programme, ALL.com, is leading the pack with a seamless way to find stays that welcome furry companions in style.
ALL.com simplifies pet travel with an easy-to-use filter that helps users discover pet-friendly hotels across a wide range of brands and global destinations, according to a statement.
Hotels are going above and beyond with thoughtful amenities and personalised services to pamper furry travellers, offering everything from doggie room service to feline cuddle programme with six standout, fur-friendly experiences available to book now.
At Fairmont Copley Plaza in Boston, the Fairmont Furiend Package treats dogs to gourmet snacks, a dog-friendly guide to the city, spa services, and even a feature on the Instagram of the hotel’s celebrity canine ambassador, Cori Copley (@CoriCopley).
Meanwhile, at Sofitel Singapore, a lush resort near Tanjong Beach, guests can book a pet photography session to capture vacation memories—with all sizes of pets welcome.
Over in Sydney, MGallery Manly Pacific Hotel offers rooms with private balconies, ocean views, and dedicated outdoor furniture—plus bespoke doggie room service with menu items like protein-packed meatballs and homemade ice cream.
At Fairmont Mayakoba in Mexico, the Petcation package includes a guided boat ride through tropical scenery, a special pet-friendly meal overlooking the canals, and a bundle of thoughtful amenities like beds, bowls, and toys.
While many hotels focus on dogs, MGallery Admiral Hotel Manila rolls out the red carpet for cats, offering welcome gifts, cuddle sessions, and even feline massages—proving pampering is not just for pups.
At Mama Shelter, pets truly rule. With no size restrictions or added fees, dogs and other companions receive treats, welcome kits, and even birthday parties. A stylish collaboration with French Bandit adds a fashionable edge with custom pet accessories for travelling in style.
Pet owners can easily locate pet-friendly hotels by using the “pets allowed” filter on ALL.com. With options spanning luxury to budget across 110 countries, ALL.com makes it easier than ever to bring your furry friend along for the journey.
-- BERNAMA
ALL.com simplifies pet travel with an easy-to-use filter that helps users discover pet-friendly hotels across a wide range of brands and global destinations, according to a statement.
Hotels are going above and beyond with thoughtful amenities and personalised services to pamper furry travellers, offering everything from doggie room service to feline cuddle programme with six standout, fur-friendly experiences available to book now.
At Fairmont Copley Plaza in Boston, the Fairmont Furiend Package treats dogs to gourmet snacks, a dog-friendly guide to the city, spa services, and even a feature on the Instagram of the hotel’s celebrity canine ambassador, Cori Copley (@CoriCopley).
Meanwhile, at Sofitel Singapore, a lush resort near Tanjong Beach, guests can book a pet photography session to capture vacation memories—with all sizes of pets welcome.
Over in Sydney, MGallery Manly Pacific Hotel offers rooms with private balconies, ocean views, and dedicated outdoor furniture—plus bespoke doggie room service with menu items like protein-packed meatballs and homemade ice cream.
At Fairmont Mayakoba in Mexico, the Petcation package includes a guided boat ride through tropical scenery, a special pet-friendly meal overlooking the canals, and a bundle of thoughtful amenities like beds, bowls, and toys.
While many hotels focus on dogs, MGallery Admiral Hotel Manila rolls out the red carpet for cats, offering welcome gifts, cuddle sessions, and even feline massages—proving pampering is not just for pups.
At Mama Shelter, pets truly rule. With no size restrictions or added fees, dogs and other companions receive treats, welcome kits, and even birthday parties. A stylish collaboration with French Bandit adds a fashionable edge with custom pet accessories for travelling in style.
Pet owners can easily locate pet-friendly hotels by using the “pets allowed” filter on ALL.com. With options spanning luxury to budget across 110 countries, ALL.com makes it easier than ever to bring your furry friend along for the journey.
-- BERNAMA
APO Launches GPA Council, Unveils GP 2.0 Prototypes In Osaka
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| APO Secretary-General Dr. Indra delivering the closing remarks at the GPA Council Annual Meeting Special Presentation Session at the Blue Ocean Dome, EXPO 2025 Osaka. |
KUALA LUMPUR, April 16 (Bernama) -- The Asian Productivity Organization (APO) successfully hosted the first annual meeting of its Green Productivity Advisory (GPA) Council from April 14 to 15 in Osaka, Japan.
Chaired by University of Tokyo Professor Emeritus Ryoichi Yamamoto, the council comprises members from Fiji, Japan, Indonesia, Singapore, and Thailand and advises APO Secretary-General Dr Indra Pradana Singawinata on the development of a solution-based, action-orientated, Asia-centric GP 2.0 Ecosystem.
During the meeting, Dr Indra presented the progress on key components of the GP 2.0 Ecosystem, specifically the GP rating system, guidebooks, and mapping, according to APO in a statement.
In addition, prototypes of the rating and mapping systems were also unveiled, with council members providing valuable feedback for further refinement.
The council's commitment to integrating the foundational Green Productivity principles, first introduced by Professor Yamamoto in 1994, was spotlighted during a Special Presentation Session at the Blue Ocean Dome (BOD), EXPO 2025 Osaka.
The session featured a mix of speeches, including a video message from Fiji’s Minister for Employment, Productivity, and Workplace Relations, Agni Deo Singh, and highlighted sustainability achievements across the member countries. It concluded with a presentation on Indonesia’s Biofarma, showcasing real-world GP implementation.
On the second day, two guest lecturers contributed insights to guide future development of GP 2.0. The Council finalised a set of strategic recommendations to steer the APO Secretariat’s efforts in the coming year. These recommendations will be formally presented at the upcoming 67th APO Governing Body Session in Jakarta in May.
-- BERNAMA
Wednesday, 9 April 2025
CORDX FOUNDER DONATES US$21 MLN TO UC SAN DIEGO, RENAMES DEPARTMENT
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| Aiiso Yufeng Li Family Department of Chemical and Nano Engineering Building |
KUALA LUMPUR, April 9 (Bernama) -- CorDx, a biotechnology company that is transforming the global diagnostics industry, has long been led by Aiiso Yufeng Li (Jeff), who has made a significant impact in both the business and philanthropic sectors.
Recently, the UC San Diego Jacobs School of Engineering celebrated the renaming of its chemical and nano engineering department to the Aiiso Yufeng Li Family Department of Chemical and Nano Engineering.
This milestone was made possible by the generous contributions of Li, his wife Doreen Guo, and the broader CorDx family, according to a statement.
The department's new name honours the philanthropic efforts of Li, who in 2024 donated US$21 million to UC San Diego. These gifts continue to fuel innovation and mentorship at the intersection of chemical and nano engineering. (US$1=RM4.48)
His generosity has been a driving force in supporting research and education, with additional contributions funding initiatives such as the Sustainable Power and Energy Center (SPEC) and the Institute for the Global Entrepreneur (IGE).
In his remarks, Li emphasised that real progress comes from investing in the next generation of innovators. He believes that shaping the future of technology begins with empowering talented students and researchers.
His commitment to advancing technology aligns with his work at CorDx, where he leads the development of affordable, high-quality diagnostic products for healthcare providers and patients worldwide.
Since its founding in 2006, CorDx has become a leader in manufacturing point-of-care and over-the-counter diagnostic tests across various categories, including infectious disease and reproductive health.
The company’s vertically integrated supply chain enables it to deliver reliable, affordable products, benefitting both distributors and patients. CorDx's team is driven by a shared commitment to innovation and care for the people who rely on their products.
-- BERNAMA
AVI CALLS ON ROHTO TO PRIORITISE CORE BUSINESS, IMPROVE SHAREHOLDER ENGAGEMENT
KUALA LUMPUR, April 9 (Bernama) -- Asset Value Investors Limited (AVI) has launched a campaign calling for Rohto Pharmaceutical (Rohto) to refocus its successful core businesses, such as skincare and eye care, and abandon its ongoing investments in the unprofitable regenerative medicine sector.
According to a statement, AVI also calls for Rohto to engage more constructively with shareholders in line with the Tokyo Stock Exchange’s (TSE) request for management to be conscious of capital costs and stock prices.
AVI Chief Executive Officer and Chief Investment Officer, Joe Bauernfreund stated that Rohto remains undervalued compared to its peers and that AVI’s attempts to engage with management on focusing resources on profitable areas like skincare and eye care have not been successful, prompting the company to take its campaign public.
Meanwhile, AVI Japan Head of Research, Kazunari Sakai emphasised that Rohto’s core businesses hold significant value but that its ongoing investment in regenerative medicine is hindering the company's potential.
Sakai added that AVI believes that by shifting focus and aligning management with shareholder interests, Rohto can unlock its full valuation potential and address the TSE's call for cost-conscious management.
AVI, which began investing in Rohto in June 2024, has made multiple attempts to engage with the company, including sending letters and presentations to discuss ways to improve long-term corporate value.
However, AVI expresses concern over Rohto’s continued investments in the regenerative medicine sector, which lacks a clear path to success, as well as the company’s high-priced mergers and acquisitions (M&A) deals and issuance of potentially dilutive convertible bonds despite a low stock price.
Despite repeated efforts to engage with Rohto’s board, AVI has only met with one board member, citing scheduling issues. AVI argues that this lack of engagement is contrary to the TSE's request for companies to be more responsive to shareholder concerns.
-- BERNAMA
According to a statement, AVI also calls for Rohto to engage more constructively with shareholders in line with the Tokyo Stock Exchange’s (TSE) request for management to be conscious of capital costs and stock prices.
AVI Chief Executive Officer and Chief Investment Officer, Joe Bauernfreund stated that Rohto remains undervalued compared to its peers and that AVI’s attempts to engage with management on focusing resources on profitable areas like skincare and eye care have not been successful, prompting the company to take its campaign public.
Meanwhile, AVI Japan Head of Research, Kazunari Sakai emphasised that Rohto’s core businesses hold significant value but that its ongoing investment in regenerative medicine is hindering the company's potential.
Sakai added that AVI believes that by shifting focus and aligning management with shareholder interests, Rohto can unlock its full valuation potential and address the TSE's call for cost-conscious management.
AVI, which began investing in Rohto in June 2024, has made multiple attempts to engage with the company, including sending letters and presentations to discuss ways to improve long-term corporate value.
However, AVI expresses concern over Rohto’s continued investments in the regenerative medicine sector, which lacks a clear path to success, as well as the company’s high-priced mergers and acquisitions (M&A) deals and issuance of potentially dilutive convertible bonds despite a low stock price.
Despite repeated efforts to engage with Rohto’s board, AVI has only met with one board member, citing scheduling issues. AVI argues that this lack of engagement is contrary to the TSE's request for companies to be more responsive to shareholder concerns.
-- BERNAMA
Ripple Agrees to Acquire Prime Broker Hidden Road for $1.25B in One of the Largest Deals in the Digital Assets Space
· Ripple will inject billions of dollars of capital to provide immediate scale and satisfy the demand for Hidden Road’s prime brokerage, clearing and financing platform· RLUSD becomes the first stablecoin to enable efficient cross-margining between digital assets and traditional markets, reinforcing its position as a premium enterprise-grade USD-backed stablecoin
· Hidden Road to migrate post-trade activity across XRP Ledger (XRPL) demonstrating its potential as the go-to blockchain for institutional decentralized finance (DeFi)
SAN FRANCISCO & NEW YORK, April 9 (Bernama-BUSINESS WIRE) -- Ripple, the leading provider of digital asset infrastructure for financial institutions, today announced it is acquiring Hidden Road for $1.25 billion, representing one of the largest deals in the digital assets space. With the acquisition, Ripple becomes the first crypto company to own and operate a global, multi-asset prime broker. Hidden Road is one of the fastest-growing prime brokers around the world, offering institutions a one-stop-shop of advanced services including clearing, prime brokerage, and financing across foreign exchange (FX), digital assets, derivatives, swaps, and fixed income.
For the crypto industry to achieve the next phase of growth, it’s critical that core infrastructure is in place for institutional adoption; prime brokers bring the necessary credibility and professional trading services expected in legacy finance to digital assets. Together, Ripple and Hidden Road are bringing the promise of digital assets to institutional customers at scale, bridging traditional finance and decentralized finance.
Hidden Road has a strong business, clearing $3T annually across markets with more than 300 top institutional customers. With the backing of Ripple’s significant balance sheet, Hidden Road will exponentially expand its capacity to service its pipeline and become one of the largest non-bank prime brokers globally.
“We are at an inflection point for the next phase of digital asset adoption – the US market is effectively open for the first time due to the regulatory overhang of the former SEC coming to an end, and the market is maturing to address the needs of traditional finance,” said Brad Garlinghouse, CEO of Ripple. “With these tailwinds, we are continuing to pursue opportunities to massively transform the space, leveraging our position and the strengths of XRP to accelerate our business and enhance our current solutions and technology.”
This acquisition also reinforces Ripple USD's (RLUSD) position as an enterprise-grade USD-backed stablecoin with real utility as Hidden Road leverages it as collateral across its prime brokerage products. This will make RLUSD the first stablecoin to enable efficient cross-margining between the digital asset space and traditional markets.
Hidden Road will, in turn, migrate its post-trade activity across XRPL to streamline operations and lower costs, demonstrating XRPL’s potential as the go-to blockchain for institutional decentralized finance (DeFi). Ripple also sees the potential to optimize costs and liquidity in its cross-border payments solution, Ripple Payments, and provide critical custody services to Hidden Road’s customers who need bank-grade digital asset custody.
“With new resources, licenses, and added risk capital, this deal will unlock significant growth in Hidden Road’s business, allowing us to increase capacity to our customer base, expand into new products, and service more markets and asset classes,” said Marc Asch, Founder and CEO of Hidden Road. ”Together with Ripple, we’re bringing the same level of trust and reliability that institutional clients are accustomed to in traditional markets — designed and optimized for a digital world.”
Thanks to its simple, secure, compliant digital asset infrastructure, Ripple is well-positioned to provide the core services that financial institutions need to tokenize, store, exchange and move digital assets. Ripple has over a decade of experience in the digital asset space and holds 60+ regulatory licenses and registrations in various jurisdictions.
Ripple participated in Hidden Road’s Series B and is a customer of its platform, experiencing firsthand the strength of the team, technology, risk management, and operational controls. The deal is expected to close in the coming months, subject to regulatory approvals.
About Ripple
Ripple is the leading provider of digital asset infrastructure for financial institutions—delivering simple, compliant, reliable software that unlocks efficiencies, reduces friction, and enhances innovation in global finance. Ripple’s solutions leverage the XRP Ledger and its native digital asset, XRP, which was purpose-built to enable fast, low-cost, highly scalable transactions across developer and financial use cases. With a proven track record working with regulators and policymakers around the world, Ripple’s payments, custody and stablecoin solutions are pioneering the digital asset economy—building credibility and trust in enterprise blockchain. Together with customers, partners and the developer community, we are transforming the way the world tokenizes, stores, exchanges, and moves value.
Hidden Road
Hidden Road is the global credit network for institutions, enabling seamless access to traditional and digital markets. Conflict-free and built on a modern technology stack, we remove complexity and cost in prime brokerage, clearing and financing.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20250408091712/en/
Contact
Megan Katz, Ripple
press@ripple.com
Carissa Felger, Hidden Road
Sam Fisher, Hidden Road
hiddenroad@gasthalter.com
Source : Ripple
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
· Hidden Road to migrate post-trade activity across XRP Ledger (XRPL) demonstrating its potential as the go-to blockchain for institutional decentralized finance (DeFi)
SAN FRANCISCO & NEW YORK, April 9 (Bernama-BUSINESS WIRE) -- Ripple, the leading provider of digital asset infrastructure for financial institutions, today announced it is acquiring Hidden Road for $1.25 billion, representing one of the largest deals in the digital assets space. With the acquisition, Ripple becomes the first crypto company to own and operate a global, multi-asset prime broker. Hidden Road is one of the fastest-growing prime brokers around the world, offering institutions a one-stop-shop of advanced services including clearing, prime brokerage, and financing across foreign exchange (FX), digital assets, derivatives, swaps, and fixed income.
For the crypto industry to achieve the next phase of growth, it’s critical that core infrastructure is in place for institutional adoption; prime brokers bring the necessary credibility and professional trading services expected in legacy finance to digital assets. Together, Ripple and Hidden Road are bringing the promise of digital assets to institutional customers at scale, bridging traditional finance and decentralized finance.
Hidden Road has a strong business, clearing $3T annually across markets with more than 300 top institutional customers. With the backing of Ripple’s significant balance sheet, Hidden Road will exponentially expand its capacity to service its pipeline and become one of the largest non-bank prime brokers globally.
“We are at an inflection point for the next phase of digital asset adoption – the US market is effectively open for the first time due to the regulatory overhang of the former SEC coming to an end, and the market is maturing to address the needs of traditional finance,” said Brad Garlinghouse, CEO of Ripple. “With these tailwinds, we are continuing to pursue opportunities to massively transform the space, leveraging our position and the strengths of XRP to accelerate our business and enhance our current solutions and technology.”
This acquisition also reinforces Ripple USD's (RLUSD) position as an enterprise-grade USD-backed stablecoin with real utility as Hidden Road leverages it as collateral across its prime brokerage products. This will make RLUSD the first stablecoin to enable efficient cross-margining between the digital asset space and traditional markets.
Hidden Road will, in turn, migrate its post-trade activity across XRPL to streamline operations and lower costs, demonstrating XRPL’s potential as the go-to blockchain for institutional decentralized finance (DeFi). Ripple also sees the potential to optimize costs and liquidity in its cross-border payments solution, Ripple Payments, and provide critical custody services to Hidden Road’s customers who need bank-grade digital asset custody.
“With new resources, licenses, and added risk capital, this deal will unlock significant growth in Hidden Road’s business, allowing us to increase capacity to our customer base, expand into new products, and service more markets and asset classes,” said Marc Asch, Founder and CEO of Hidden Road. ”Together with Ripple, we’re bringing the same level of trust and reliability that institutional clients are accustomed to in traditional markets — designed and optimized for a digital world.”
Thanks to its simple, secure, compliant digital asset infrastructure, Ripple is well-positioned to provide the core services that financial institutions need to tokenize, store, exchange and move digital assets. Ripple has over a decade of experience in the digital asset space and holds 60+ regulatory licenses and registrations in various jurisdictions.
Ripple participated in Hidden Road’s Series B and is a customer of its platform, experiencing firsthand the strength of the team, technology, risk management, and operational controls. The deal is expected to close in the coming months, subject to regulatory approvals.
About Ripple
Ripple is the leading provider of digital asset infrastructure for financial institutions—delivering simple, compliant, reliable software that unlocks efficiencies, reduces friction, and enhances innovation in global finance. Ripple’s solutions leverage the XRP Ledger and its native digital asset, XRP, which was purpose-built to enable fast, low-cost, highly scalable transactions across developer and financial use cases. With a proven track record working with regulators and policymakers around the world, Ripple’s payments, custody and stablecoin solutions are pioneering the digital asset economy—building credibility and trust in enterprise blockchain. Together with customers, partners and the developer community, we are transforming the way the world tokenizes, stores, exchanges, and moves value.
Hidden Road
Hidden Road is the global credit network for institutions, enabling seamless access to traditional and digital markets. Conflict-free and built on a modern technology stack, we remove complexity and cost in prime brokerage, clearing and financing.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20250408091712/en/
Contact
Megan Katz, Ripple
press@ripple.com
Carissa Felger, Hidden Road
Sam Fisher, Hidden Road
hiddenroad@gasthalter.com
Source : Ripple
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Tuesday, 8 April 2025
Bitget Launches Bitget Onchain to Give CEX Users Early Access to Promising On-chain Assets
VICTORIA, Seychelles, April 8 (Bernama-GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, unveils Bitget Onchain — a groundbreaking innovation that bridges the best of CEX and DEX. By combining the speed, security, and simplicity of centralized platforms with direct access to emerging on-chain assets, Bitget Onchain redefines how users discover and trade the next wave of crypto opportunities.
Bitget Onchain provides on-chain asset transactions directly on the Bitget App, for users utilizing a spot account with USDT or USDC. This integration will offer exchange-level trading experience without inherent complexity, simplifying the process of on-chain transactions for even new traders. The product will initially support Solana, BNB Smart Chain (BSC), and Base, featuring an initial batch of tokens including RFC, KTA, and 30 more.
With security as the focus, Bitget Onchain incorporates centralized exchange-level protection to ensure a secure trading environment, even on-the-chain. Offering a broad selection of on-chain assets with real-time availability, Bitget Onchain provides access to early-stage tokens and emerging market opportunities. Continuous updates ensure users can navigate evolving trends efficiently, catering to both new and experienced traders.
Leveraging AI, Bitget Onchain will introduce AI-driven smart screening to enhance investment precision by leveraging advanced algorithms to conduct real-time filtering of on-chain assets. This capability minimizes exposure to uninformed investments, enabling users to make strategic and data-driven decisions.
"On-chain trading has long been riddled by complex set-ups, requiring users to navigate unfriendly interfaces and expose themselves to risks. Bitget Onchain was created to lower the barrier to entry, by providing a seamless and secure trading experience," said Gracy Chen, CEO at Bitget. "Bitget Onchain will bridge the gap between centralized and decentralized trading, making web3 more accessible to all," she added.
Bitget has consistently integrated AI into its ecosystem, enhancing trading precision, security, and user experience. Key AI-driven features include smart trading bots for automated strategies, AI-powered risk management tools, predictive analytics for market trends, and AI-enhanced copy trading to optimize investment decisions. With the launch of Bitget Onchain, AI-driven smart screening further refines asset selection, minimizing risk and improving trading efficiency.
Bitget Onchain represents Bitget's pursuit of innovative and smart solutions within the crypto exchange industry, integrating user experience with advanced security and market insights. By combining accessibility with highly advanced tools, Bitget Onchain aims to be the go-to platform for on-chain asset trading, bringing users even closer to Web3.
To utilize Bitget On-chain's features, please visit here.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b50d68bb-4077-4801-ac63-5f0df78ad8a4
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Bitget Onchain provides on-chain asset transactions directly on the Bitget App, for users utilizing a spot account with USDT or USDC. This integration will offer exchange-level trading experience without inherent complexity, simplifying the process of on-chain transactions for even new traders. The product will initially support Solana, BNB Smart Chain (BSC), and Base, featuring an initial batch of tokens including RFC, KTA, and 30 more.
With security as the focus, Bitget Onchain incorporates centralized exchange-level protection to ensure a secure trading environment, even on-the-chain. Offering a broad selection of on-chain assets with real-time availability, Bitget Onchain provides access to early-stage tokens and emerging market opportunities. Continuous updates ensure users can navigate evolving trends efficiently, catering to both new and experienced traders.
Leveraging AI, Bitget Onchain will introduce AI-driven smart screening to enhance investment precision by leveraging advanced algorithms to conduct real-time filtering of on-chain assets. This capability minimizes exposure to uninformed investments, enabling users to make strategic and data-driven decisions.
"On-chain trading has long been riddled by complex set-ups, requiring users to navigate unfriendly interfaces and expose themselves to risks. Bitget Onchain was created to lower the barrier to entry, by providing a seamless and secure trading experience," said Gracy Chen, CEO at Bitget. "Bitget Onchain will bridge the gap between centralized and decentralized trading, making web3 more accessible to all," she added.
Bitget has consistently integrated AI into its ecosystem, enhancing trading precision, security, and user experience. Key AI-driven features include smart trading bots for automated strategies, AI-powered risk management tools, predictive analytics for market trends, and AI-enhanced copy trading to optimize investment decisions. With the launch of Bitget Onchain, AI-driven smart screening further refines asset selection, minimizing risk and improving trading efficiency.
Bitget Onchain represents Bitget's pursuit of innovative and smart solutions within the crypto exchange industry, integrating user experience with advanced security and market insights. By combining accessibility with highly advanced tools, Bitget Onchain aims to be the go-to platform for on-chain asset trading, bringing users even closer to Web3.
To utilize Bitget On-chain's features, please visit here.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b50d68bb-4077-4801-ac63-5f0df78ad8a4
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Bitget Chief of Legal's Open Letter Highlights Expansion and Regulatory Compliance Plans
VICTORIA, Seychelles, April 8 (Bernama-GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has published an open letter by its Chief Legal Officer, Hon Ng, which highlights the exchange's efforts in global regulatory compliance and expansion. The CEX continues to grow in the global crypto market by securing regulatory approvals and expanding its operations. With a strong focus on compliance, Bitget is navigating evolving regulatory landscapes with over eight licenses obtained while ensuring that users have access to a secure and transparent trading environment.
Hon Ng, Chief Legal Officer at Bitget, has addressed the company’s strategic direction in an open letter, providing plans to grow Bitget’s regulatory standing across multiple jurisdictions. His statements show the importance of regulatory dialogues and highlight upcoming initiatives that will shape the platform’s future.
“The regulatory environment surrounding digital assets is becoming more defined, and Bitget is taking proactive steps to work alongside authorities to ensure responsible growth. Compliance is not an obligation it's a necessity; it's about setting a standard for the industry and building a sustainable ecosystem for users,” said Hon Ng, Chief Legal Officer at Bitget.
Bitget has already secured registrations and approvals in several key markets, including Australia, Italy, Poland, Lithuania, the UK, the Czech Republic, and El Salvador. These achievements align with the company’s strategy of working within legal frameworks and supporting initiatives that promote advanced security and user protection. The legal and compliance teams are working closely to obtain additional licenses in jurisdictions that will further enhance the platform’s accessibility and credibility.
One of the primary objectives for the upcoming year is to refine the company’s compliance protocols. A strong Know Your Customer (KYC) process is being implemented to optimize user verification while adhering to anti-money laundering and counter-terrorism financing regulations. In parallel, Bitget is investing in advanced transaction monitoring tools to detect and prevent illicit activity, ensuring that all operations adhere to the highest standards of financial integrity.
Collaboration with regulators and law enforcement agencies remains a key aspect of Bitget’s compliance efforts. The company has established direct communication channels with authorities to facilitate transparent reporting and improve response times in cases of suspicious activity. By adopting new technological solutions, Bitget aims to enhance global cooperation while safeguarding user privacy.
In addition to regulatory advancements, Bitget is focused on introducing innovative products that align with compliance requirements. Bitget is already building even stronger user protection, risk management features, and enhanced security measures that strengthen the platform's durability and credibility. This is in line with the company's targets of maintaining a secure, compliant, and user-centric trading platform.
As part of its commitment to responsible operations, Bitget strictly adheres to international sanctions controls. Users from restricted regions are prohibited from accessing the platform, ensuring that all activities remain within legal boundaries. A dedicated compliance team continuously monitors global regulatory developments to adjust policies as needed.
Bitget’s legal and compliance strategy is designed to adapt to the rapidly changing digital asset landscape. With regulatory discussions evolving worldwide, the company is prepared to adjust its framework to align with new policies and emerging industry standards. The legal team remains engaged in conversations with policymakers to contribute to the responsible development of crypto regulations.
“Compliance is a continuous process that requires foresight and collaboration. Our goal here is simple: we comply, expand, operate, and grow. Our focus remains on making crypto accessible to everyone globally, and each license and approval is a step closer to it,” added Ng.
Bitget’s ongoing expansion and compliance efforts reaffirm its role as a leading player in the crypto market. By staying ahead of regulatory changes and implementing rigorous security measures, the company indeed plans to keep its title of being one of the top most trusted crypto exchanges globally.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3ce89060-7391-4f7b-8779-f290efb24dc4
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Hon Ng, Chief Legal Officer at Bitget, has addressed the company’s strategic direction in an open letter, providing plans to grow Bitget’s regulatory standing across multiple jurisdictions. His statements show the importance of regulatory dialogues and highlight upcoming initiatives that will shape the platform’s future.
“The regulatory environment surrounding digital assets is becoming more defined, and Bitget is taking proactive steps to work alongside authorities to ensure responsible growth. Compliance is not an obligation it's a necessity; it's about setting a standard for the industry and building a sustainable ecosystem for users,” said Hon Ng, Chief Legal Officer at Bitget.
Bitget has already secured registrations and approvals in several key markets, including Australia, Italy, Poland, Lithuania, the UK, the Czech Republic, and El Salvador. These achievements align with the company’s strategy of working within legal frameworks and supporting initiatives that promote advanced security and user protection. The legal and compliance teams are working closely to obtain additional licenses in jurisdictions that will further enhance the platform’s accessibility and credibility.
One of the primary objectives for the upcoming year is to refine the company’s compliance protocols. A strong Know Your Customer (KYC) process is being implemented to optimize user verification while adhering to anti-money laundering and counter-terrorism financing regulations. In parallel, Bitget is investing in advanced transaction monitoring tools to detect and prevent illicit activity, ensuring that all operations adhere to the highest standards of financial integrity.
Collaboration with regulators and law enforcement agencies remains a key aspect of Bitget’s compliance efforts. The company has established direct communication channels with authorities to facilitate transparent reporting and improve response times in cases of suspicious activity. By adopting new technological solutions, Bitget aims to enhance global cooperation while safeguarding user privacy.
In addition to regulatory advancements, Bitget is focused on introducing innovative products that align with compliance requirements. Bitget is already building even stronger user protection, risk management features, and enhanced security measures that strengthen the platform's durability and credibility. This is in line with the company's targets of maintaining a secure, compliant, and user-centric trading platform.
As part of its commitment to responsible operations, Bitget strictly adheres to international sanctions controls. Users from restricted regions are prohibited from accessing the platform, ensuring that all activities remain within legal boundaries. A dedicated compliance team continuously monitors global regulatory developments to adjust policies as needed.
Bitget’s legal and compliance strategy is designed to adapt to the rapidly changing digital asset landscape. With regulatory discussions evolving worldwide, the company is prepared to adjust its framework to align with new policies and emerging industry standards. The legal team remains engaged in conversations with policymakers to contribute to the responsible development of crypto regulations.
“Compliance is a continuous process that requires foresight and collaboration. Our goal here is simple: we comply, expand, operate, and grow. Our focus remains on making crypto accessible to everyone globally, and each license and approval is a step closer to it,” added Ng.
Bitget’s ongoing expansion and compliance efforts reaffirm its role as a leading player in the crypto market. By staying ahead of regulatory changes and implementing rigorous security measures, the company indeed plans to keep its title of being one of the top most trusted crypto exchanges globally.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3ce89060-7391-4f7b-8779-f290efb24dc4
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Saturday, 5 April 2025
Hytera Named Official Communications Provider For China Pavilion At Osaka World Expo
 |
| Hytera Named Official Professional Communications Technology Provider for China Pavilion at Osaka World Expo |
KUALA LUMPUR, April 2 (Bernama) -- Hytera Communications, a global provider of professional communications solutions, has been appointed the official professional communications technology provider for the China Pavilion at the Osaka World Expo.
The company has supplied the China Pavilion’s organising committee with its latest instant team communication and collaboration solution, through its local partner General Trading Japan Co Ltd.
The Pavilion team utilises the Hytera HyTalk PoC system, which features private and group calls, GPS positioning, and end-to-end encrypted communications. The company is also providing technical support to ensure seamless coordination throughout the event.
Hytera Eastern Asia Sales Director, Ning Ma in a statement expressed excitement about supporting the China Pavilion and highlighted the alignment of the expo’s values with Hytera’s mission.
As one of the largest national pavilions at the expo, the China Pavilion is expected to receive a significant share of the estimated 28 million visitors.
Hytera’s advanced Push-to-Talk Over Cellular (PoC) radios and systems will facilitate efficient communication for teams managing event operations, cultural performances, exhibitions, security, and guest services.
Hytera has been serving the Japanese market since 2005, providing advanced two-way radio solutions to various industries, including those requiring stringent intrinsically safe (IS) certifications.
The company’s involvement in the expo adds to its history of providing communication solutions for major global events, having previously supported the Astana World Expo in 2017 and the Dubai World Expo in 2021 and 2022.
-- BERNAMA
Water Mission Responding to Devastating Earthquake in Myanmar and Thailand
Disaster Response Team Rushing to the Region to Assess Emergency Safe Water Needs
N. CHARLESTON, S.C., April 2 (Bernama-GLOBE NEWSWIRE) -- Water Mission, a Christian engineering nonprofit, is deploying a Disaster Response Assistance Team to Southeast Asia following the deadly magnitude 7.7 earthquake in Myanmar and Thailand. The earthquake has caused widespread destruction to infrastructure such as buildings, homes, and roads across the countries of Myanmar and Thailand. The Water Mission team will initially start their mission in Thailand working to assess safe water, sanitation, and hygiene needs across the region.
The earthquake is believed to have claimed more than 150 lives and hundreds of people are also reported as missing. Initial reports expect that these numbers could rise in the days ahead. During any disaster, clean, safe water is critical. It helps prevent the spread of water-related illnesses, which are especially deadly to young children
“Water Mission has responded to more than 60 disasters around the world, including similar large earthquakes over the last two years in Turkey and Morocco,” said Water Mission CEO and President George C. Greene IV, PE. “Our Disaster Assistance Response Team is well versed in quickly mobilizing and collaborating with partners on the ground to provide emergency assistance as quickly as possible where it is needed most.”
Water Mission has more than 20 years of experience responding to natural disasters and humanitarian crises with immediate and long-term safe water solutions. Over the last two years, Water Mission has responded to hurricanes in the U.S. and Caribbean, flooding in East Africa, earthquakes in Turkey and Morocco, cholera outbreaks in Malawi, and the ongoing conflict in Ukraine. Water Mission has served more than 8 million people globally since 2001.
Click here to learn more about Water Mission’s disaster response effort as the organization rushes staff and resources to support those in desperate circumstances.
About Water Mission
Water Mission is a Christian engineering nonprofit that builds sustainable safe water solutions for people in developing countries, refugee camps, and disaster areas. Since 2001, Water Mission has served more than 8 million people in more than 60 countries, sharing safe water and the message of God’s love. Water Mission’s global headquarters is in North Charleston, SC, and the organization serves people in Africa; Asia; and North, South, and Central America. Charity Navigator has awarded Water Mission its top four-star rating 18 years in a row, a distinction shared by less than 1% of the charities rated by the organization. To learn more, visit watermission.org, Facebook, LinkedIn, Instagram, YouTube, or Twitter.
Water Mission Contact: Gregg Dinino
Director, Public Relations
Water Mission
M. +1.843.805.2097
gdinino@watermission.org
SOURCE: Water Mission
--BERNAMA
Thursday, 3 April 2025
RegASK Unveils World’s First Vertical LLM To Streamline Compliance Workflows
KUALA LUMPUR, April 2 (Bernama) -- RegASK, a global leader in artificial intelligence (AI)-driven regulatory intelligence, has launched the world’s first vertical large language model (LLM) designed specifically for regulatory compliance.
Now available through its flagship platform, RegGenius, the specialised AI model aims to enhance compliance efficiency by automating complex workflows, reducing manual research, and providing faster, more accurate insights.
RegASK Founder and Chief Executive Officer, Caroline Shleifer said the launch addresses client demands for a more efficient way to manage compliance, shifting it from a reactive to a proactive, strategic function.
“By training this model specifically on regulatory data, we are giving teams a tool that understands their world and helps them get work done faster and with more confidence,” she said in a statement.
Meanwhile, its Chief Product and Technology Officer, Amenallah Reghimi said the model differs from general AI systems, as it is trained on regulatory data sourced from global agencies and industry-specific sources.
Unlike general-purpose AI models, RegASK’s Vertical LLM is trained on regulatory data from global agencies and industry-specific sources. This targeted approach ensures the model offers more accurate, relevant, and actionable guidance, enabling regulatory teams to navigate the rapidly evolving regulatory landscape with greater ease.
Key benefits of RegASK’s Vertical LLM include superior accuracy tailored to real-world compliance needs, enhanced performance for efficient workflow automation, immediate usability for regulatory applications, and robust AI governance ensuring security and ethical standards.
-- BERNAMA
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