Showing posts with label Tokenization. Show all posts
Showing posts with label Tokenization. Show all posts

Growth Protocol, backed by Nazara and Lysto, debuts its mainnet on Avalanche

Growth Protocol, backed by Nazara and Lysto, debuts its mainnet on Avalanche

Growth Protocol has officially launched its purpose-built Layer-1 blockchain today, backed by Nazara Technologies and Lysto.The platform is designed to propel the future of advertising on-chain, with real-time engagement through tokenizing digital advertising campaigns. Growth Protocol is signaling a major shift in how global brands connect with 150K+ daily active users already on the platform post the private testnet launch.

Growth Protocol is a blockchain marketing protocol that removes ad intermediaries, enforces radical transparency, guarantees equitable payouts, and restores sovereign digital identity to users—powering trustless Web3 campaigns.

Thanks to the Avalanche tech stack, Growth Protocol delivers sub-second finality and 10,000+ transactions per second to support high-throughput, fraud-proof marketing at scale. “Growth Protocol delivers exactly the kind of real-world adoption we envisioned Avalanche enabling—low-latency, high-speed infrastructure powering proof-of-performance at global scale,” said Emin Gün Sirer, Founder and CEO of Ava Labs. “It raises the bar for transparency in a trillion-dollar industry.”

Nazara Technologies, early backer of Growth Protocol and India’s only publicly listed gaming company and a leader in mobile gaming and esports is bringing its marketing applications on chain. Two Nazara titles are already live on-chain. “Nazara has spent 25 years putting fun into the hands of players,” said Nitish Mittersain, CEO and Founder of Nazara.Now, with Growth Protocol, we’re helping advertisers and publishers reach and reward our players with absolute trust and efficiency. This is the future of game marketing.”

Growth Protocol replaces centralized, opaque ad-tech stacks with smart contract-based, real-time settlement. “Digital advertising still loses a substantial chunk of every dollar to intermediaries,” noted Sadiq Ahamed, Co-Founder of Growth Protocol. “We’re rerouting that value back to creators, publishers, and gamers—while giving advertisers and auditors an immutable ledger of truth.”

About Growth Protocol

Growth Protocol is a high-performance Layer-1 blockchain designed specifically for tokenizing digital advertising campaigns. By uniting Smart Goals, tokenized attribution and real-time settlements, it eliminates fraud, slashes customer-acquisition cost and guarantees that 100 percent of ad spend reaches real users. The protocol is backed by Nazara Technologies and Lysto, and supported by leading Web3 investors and technologists.

About Nazara Technologies Ltd

Nazara is India’s only listed gaming and Esports Company, with majority ownership of several leading gaming and esports brands with presence in India, the US, and other global markets. In esports, Nazara has India’s leading esports platform NODWIN Gaming and Sportskeeda/Pro Football Network in the sports media space. Nazara’s offerings in the interactive gaming segment include gamified early learning ecosystems like Kiddopia and Animal Jam, a leading IP based gaming studio ‘Fusebox’, India’s most popular cricket simulation franchise, World Cricket Championship (WCC), and a wide portfolio of casual games distributed through telco partnerships in many emerging markets. Additionally, Nazara controls Datawrkz, a digital ad tech company supporting its portfolio companies and external clients with demand-side user acquisition and supply-side ad monetization services. Website: https://www.nazara.com.

About Avalanche

Avalanche is an ultra-fast, low-latency blockchain platform designed for builders who need high performance at scale. The network’s architecture allows for the creation of sovereign, efficient and fully interoperable public and private Layer 1 (L1) blockchains which leverage the Avalanche Consensus Mechanism to achieve high throughput and near-instant transaction finality. The ease and speed of launching an L1, and the breadth of architectural customization choices, make Avalanche the perfect environment for a composable multi-chain future.

Supported by a global community of developers and validators, Avalanche offers a fast, low-cost environment for building decentralized applications (dApps). With its combination of speed, flexibility, and scalability, Avalanche is the platform of choice for innovators pushing the boundaries of blockchain technology.

Mastercard Selects India for Debuting Its New Payment Service That Uses Biometrics

Mastercard Selects India for Debuting Its New Payment Service That Uses Biometrics

Mastercard has chosen India for the global launch of its Payment Passkey Service. This innovative service aims to enhance online shopping security by using biometric authentication methods such as fingerprints and facial recognition, replacing traditional passwords and one-time passwords (OTPs).

The service was unveiled at the Global Fintech Fest in Mumbai and is being piloted with major Indian payment players like Juspay, Razorpay, and PayU, as well as online merchants such as bigbasket and banks like Axis Bank. This move is expected to significantly reduce online fraud, which has surged by nearly 300% in India over the past two years.

It is to be noted that despite the rising popularity of one-time passwords (OTPs) due to their ease of use, they are increasingly vulnerable to online scams such as phishing, SIM swapping and message interception. In India, the incidence of fraud cases has surged by nearly 300% in the last two years, as reported by the Reserve Bank of India’s Annual Report for 2023-2024.

By leveraging tokenization and biometric authentication, Mastercard's Payment Passkey Service aims to make online transactions faster and more secure, providing a seamless checkout experience for millions of shoppers.

The Mastercard Payment Passkey Service uses tokenization to secure a consumer’s payment details and biometric data, ensuring that no data is shared with third parties and is useless to fraudsters and scammers. The service is a game changer for online checkout:

1. Shoppers choose their Mastercard when checking out as a guest or select a card already stored securely on file with a merchant.

2. To confirm the payment, users can use biometric authentication mechanism features on their device – whether it’s a fingerprint, face scan or PIN.

3. Upon successful authentication, the payment is instantly completed.

Other countries are also adopting biometric authentication technologies for online transactions and digital identity systems.

Singapore’s SingPass system is one of the most advanced digital ID systems globally, allowing citizens to access over 700 government and private sector services using biometric authentication.
Similarily, Estonia’s eID system is renowned for its security and efficiency, offering over 600 e-services to citizens and 2400 to businesses. It uses biometric data to ensure secure access.

"We are excited to be partnering with Mastercard to pilot its Payment Passkey Service as an alternate transaction authentication method and provide our customers a non-OTP-based solution for transaction management,” said Sanjeev Moghe, president and head, Cards & Payments, at Axis Bank. “This will allow us to provide more engaging usage and in-app experience for customers who desire enhanced security and frictionless payments.”

“Enabling this industry-first proof of concept underscores Juspay’s commitment to empower merchants with innovation and technology that improves the e-commerce experience,” said Sheetal Lalwani, chief operating officer and co-founder of Juspay. “We believe this solution will help our merchant customers improve payment success rates and overall sales. With this pilot, merchants can significantly improve the payment experience for end consumers, allowing them to make payments easily, without multiple redirects, in a safe and secure way using device biometrics. We are working with Mastercard in shaping a future where digital payments are seamless and accessible to all, enabling merchants to better serve their customers.”

"As the country’s payment ecosystem matures, the demand for advanced and secure payment solutions is greater than ever,” said Manas Mishra, PayU’s chief product officer. “At PayU, we are relentlessly focused on pushing the boundaries of payment security and user experience as a resiliently progressive payments platform. Integrating the Mastercard Payment Passkey Service is a pivotal step in that direction. This partnership reflects our commitment to embracing cutting-edge payment technologies and reinforces our role in setting new benchmarks for security and efficiency in digital transactions."

"We are thrilled to join forces with Mastercard to introduce its Payment Passkey Service in India, a groundbreaking initiative that enhances transaction security and user experience in remote commerce, leveraging the power of biometric authentication,” said Arif Khan, chief innovation officer of Razorpay. “At Razorpay, our focus is on the 3 's's — safety, simplification and success rate — to ensure seamless and secure online payments. We strive to stay ahead of the curve by integrating advanced technologies that not only safeguard our merchants and their customers but also streamline the payment process."

Iran and Russia Developing CBDC, Tokenized Assets for Payments for Cross-Border Transactions

Iran and Russia Developing CBDC, Tokenized Assets for Payments for Cross-Border Transactions

Iran has confirmed its collaboration with Russia on developing Central Bank Digital Currencies (CBDC) and tokenized assets for payments. This initiative is part of their efforts to facilitate trade transactions and mitigate the impact of sanctions, as both countries are currently unable to use SWIFT for cross-border payments and have limitations on trading in dollars or euros.

The two nations are exploring the use of Iran's crypto-rial and Russia's digital ruble for bilateral trade. The move is seen as a way to simplify trade transactions and resolve issues related to fiat currency conversion rates, which can lead to significant business operation costs.

Due to US sanctions, Iran and Russia are unable to make settlements in Dollars and Euros, Russia and Iran have switched to the use of national currencies, said Maxim Chereshnev, chairman of the board of the Council for the Development of Foreign Trade and International Economic Relations. However, difficulties arise with conversion. And also due to the inconsistency of the market rate in Iran with the state. "Starting payments through CFA and digital currencies of central banks can simplify trading", Chereshnev said with surity.

The two countries have strengthened their economic ties, with Russia being one of Iran’s largest trading partners. Russia has invested in Iran’s energy sector, and the two countries have discussed cooperation in areas such as transportation and infrastructure development.

Russia has recently passed legislation allowing the use of digital financial assets (DFAs), such as tokenized gold, for cross-border payments, which is a shift from their previous stance where such assets were not permitted for payments. This change is aimed at circumventing sanctions and facilitating international trade between Russia and Iran.

The practical implementation of these digital currencies and assets is still under development, with cross-border CBDC settlements expected to be possible starting January 1, 2025, following the establishment of the necessary legal framework in Russia. This collaboration marks a significant step in the use of digital currencies in international trade, particularly among countries facing economic sanctions.

Experts say that, CBDCs can significantly improve the efficiency of cross-border payments by reducing the time it takes to process transactions. Traditional cross- border payments can take several days due to the involvement of multiple intermediaries, but CBDCs can streamline this process.

As of March 2024, there are a few countries that have functioning CBDCs and are exploring or using them for cross-border transactions.

The Bahamas, Jamaica, and Nigeria have functioning CBDCs. Moreover, the 5-Nations group – Brazil, Russia, India, China, and South Africa (BRICS), along with new members like Saudi Arabia, Iran, and the UAE, are in the pilot phase of CBDC exploration for cross-border wholesale transactions.

Australia and China are among the countries piloting use cases for their CBDCs, which may include cross-border transactions.

Additionally, SWIFT, the global provider of secure financial messaging services, has been working on solutions to enable financial institutions to incorporate CBDCs and other digital assets into common business practices, which includes cross-border transactions. This indicates a growing trend towards the adoption of CBDCs in international trade and finance.

HSBC Venturing into Cryptocurrency Sector, Announces Job Openings in Crypto Domain

HSBC Venturing into Cryptocurrency Sector, Announces Job Openings in Crypto Domain

HSBC, a British multinational universal bank, is venturing into cryptocurrencies, digital assets and tokenization, as revealed in key job openings by the Europe's largest bank by total assets.

HSBC is particularly interested in recruiting a Product Director to oversee “tokenization” use cases and Web3.

In the job role's description, the bank noted that the candidates would have the external role of representing the company to ‘regulators, clients, and the digital assets ecosystem to position HSBC’ as a ‘leader and innovator in furtherance of the digital assets strategy.’

The job positions roles have been necessitated by the evolving nature of the crypto sector and involved risk appetite.

The job opening for Product Manager for digital assets will be responsible for driving the cryptocurrency agenda.

“The Product Manager for Digital Assets will be required to build strategic frameworks and policies to help drive complex business, project and governance decisions. This will include the strategic creation and day-to-day management of governance forums and committees to efficiently and transparently drive the digital assets agenda,” the bank said.

For both roles, HSBC is looking for individuals who can operate in an ambiguous environment with knowledge of handling the changing regulatory landscape.

In these job adverts, the bank is indicating a potential launch of a digital assets offering called — GPB&W Digital Assets.

With this, HSBC will join other global banking giants like J. P. Morgan in offering cryptocurrency and digital assets products.

To recall, earlier in November last year, Standard Chartered invested in Partior, the blockchain-based payment network founded Temasek, J.P. Morgan and DBS Bank. At the same time, HSBC and Wells Fargo expanded their blockchain-based foreign exchange settlement system to include the offshore yuan. The two banking giants launched a shared private ledger in December 2021

India’s Decimal Point Analytics Receives Grant Funding to Develop Tokenization Solutions for $100+ Billion Traditional Assets Market

Decimal Point Analytics to use the funds to develop an asset tokenization platform on Hedera’s distributed ledger technology (DLT) network

The International Financial Services Centers Authority (IFSCA) has given approval to DPA to launch tokenization products in their sandbox environment in the GIFT City.

Decimal Point Analytics (DPA), one of India’s most trusted and reliable research and data analytics company for the financial market, today announced receiving an esteemed grant of up to USD 750’000 from The Hashgraph Association (THA).

The Hashgraph Association is an independent and non-profit organization headquartered in Switzerland, established to facilitate the development of a vibrant and innovative ecosystem for startups, enterprises, and government institutions around the world using the Hedera network. Hedera is the fastest, greenest, and most cost-efficient enterprise-grade public DLT network, which is governed by the world’s leading organisations and includeabrdn, Avery Dennison, Boeing, Chainlink, Dentons, Deutsche Telekom, Development Bank of Singapore (DBS), DLA Piper, EDF, eftpos, FIS (WorldPay), Google, IBM, Indian Institute of Technology (IIT), LG Electronics, Magalu, Nomura Holdings, ServiceNow, Shinhan Bank, Standard Bank, Swirlds Labs, Tata, Ubisoft, University College London (UCL), Wipro, and Zain Group.

DPA has received an in-principle approval from the International Financial Services Centres Authority (IFSCA) - the omnibus regulator of the financial SEZ at Gift City, Gujarat in India - to launch tokenization products within its sandbox environment. DPA will be utilizing the grant funding to build a first-of-its-kind digital assets platform in India for the regulatory compliant issuance of digital assets and tokenized solutions for financial markets - powered by Hedera.

Speaking on the grant Mr. Shailesh Dhuri, CEO of Decimal Point Analytics, said, “Asset tokenisation is at a fairly nascent stage of development here in India but is definitely the future as far as the finance market goes. With internet penetration on the rise, the number of Indians investing in digital assets has risen considerably over the last two years. With asset tokenization, we can enable many investors to allocate their funds in smaller quantities across multiple asset classes, and that too in a safe and secured manner. India is in a growth phase and the country is making huge investments in everything from road, rail, port, health, renewables, power distribution, EV charging network, tourism, space, geotagging to massive next generation data centres. Tokenization of these newly built government infrastructure assets will create new asset classes, which are stable in value and offer an immediate market size in excess of $100 billion."

Kamal Youssefi, President of The Hashgraph Association, said, “We are excited to facilitate the development of DPA’s sandbox-licensed project, which will spur important adoption in the Indian market. Hedera has long been the network of choice for tokenization use cases, a niche fuelled by its powerful Hedera Token Service, which allows developers and enterprises to deploy fungible and non-fungible tokens, platforms, and marketplaces on the network. Looking ahead, The Hashgraph Association will continue to collaborate with and empower such projects of all sizes and stages as they build innovative use cases on Hedera network.”

Mr. Dhuri further continues, “We will be working closely with The Hashgraph Association and Swiss Digital Assets Institute (SDAI) to develop asset tokenization products on Hedera’s distributed ledger technology (DLT). Unlike blockchain, the Hedera network is designed as a fast, secure, lowest cost, and energy-efficient network, which is powered by the Hashgraph consensus, while achieving the highest degree of security possible through its asynchronous byzantine fault tolerance (ABFT), with blazing-fast transaction speeds and incredibly low bandwidth consumption. Additionally, its Hedera Token Service (HTS) has built-in desirable features such as digital KYC/AML verification and other features, making it most well-suited for providing institutional-grade tokenized financial products.”

In close collaboration with Swiss Digital Assets Institute (SDAI) - a professional training and innovation company backed by the Swiss Government (Canton Schwyz) and responsible for delivering the Hashgraph Innovation Program, DPA will receive professional support from a team of highly experienced subject matter experts with extensive practical knowledge in the tokenization of high-value assets, including assisting DPA to develop and launch regulatory compliant tokenization solutions for the financial markets in India through the GIFT City.

Stefan Deiss, Co-Founder & Director of SDAI, said, “With extensive expertise in tokenization of assets from around the world, we look forward to supporting DPA with the tokenization of its first Indian government-backed project under the Swiss DLT Act, and in compliance with the Swiss Financial Market Supervisory Authority (FINMA). With the creation of this Swiss blueprint for DPA under its new Swiss-based legal entity (“DPA Digital Assets AG”) and using the “Hashgraph Digital Assets Platform”, we will collaborate with and bring together both regulatory authorities of India (IFSCA) and Switzerland (FINMA) to replicate the regulatory framework (blueprint) for the compliant and secure issuance of digital assets under the DPA sandbox tokenization license in the GIFT City”.

About Decimal Point Analytics

Decimal Point Analytics was formed in 2003 by senior professionals from the Indian Capital Markets and is a global provider of Research and Data Analytics products/services, including Machine Learning and Artificial Intelligence-based solutions. Client categories include Data Providers, Asset Management Firms, Private Equity Firms, Hedge Funds, Banks, Insurance Companies, and Broking Houses. DPA's background and understanding of financial research and its strengths in technology provide it an edge in effectively understanding and solving client problems. DPA recently raised a round of funding from marquee institutional investors in the Middle East to support its decades long profitable growth journey.

About The Hashgraph Association

The Hashgraph Association supports training and education programs across multiple industry verticals. In the forefront is the digital enablement and empowerment of the public through broad adoption of Hedera-powered enterprise-grade solutions and decentralized applications (dApps), which includes innovation, accreditation, and certification programs. As a non-profit organization headquartered in Switzerland, The Hashgraph Association promotes and provides funding for innovation, research and development for the benefit of economic inclusion and with a positive environmental, social, and governance (ESG) impact. For information about The Hashgraph Association, visit www.hashgraph-association.com.

About Swiss Digital Assets Institute

Swiss Digital Assets Institute is a professional training and innovation company focused on enabling and empowering startups, enterprises, and government institutions from around the world to adapt and to compete in the era of Digital Assets and Decentralized Finance (DeFi). SDAI is specialized in the custom-design and delivery of professional training and innovation programs in close collaboration with leading academic institutions, multinational enterprises, system integrators, industry-leading practitioners, and government institutions globally. For information about Swiss Digital Assets Institute AG, please visit us at www.sda-institute.com.

For updates: https://www.decimalpointanalytics.com/


CannaDAO Launches World’s 1st Decentralized, Member-Governed Platform for Cannabis Industry

Even as the vast majority of the world is excluded from the benefits of the legal cannabis industry despite significant legal breakthroughs in the past decades CannaDAO today announced the launch of its platform for cannabis growing and operations in a bid to disrupt, destigmatize and decentralize a trillion-dollar industry.

"The community can now disrupt, destigmatize and decentralize a trillion-dollar industry," said Eric Benz, CannaDAO Contributor and former CEO of Changelly, and serial entrepreneur. "The days of targeting stoner culture are no longer and the time to redefine what cannabis means and represents is now. The future of finance is green"
.
The DAO launch is slated for April 20 and will be powered by the Aurora cross-chain bridge running on the NEAR protocol. The DAO will allow the community to participate and earn rewards from real-world operations within the cannabis industry.

Contributors to the project are projecting a $100M Total Value Locked (TVL) in the next 6 to 18 months. In addition to Eric Benz, they include Jon Matonis, Founding Director at the Bitcoin Foundation, and Nicholas Gregory, CEO of CommerceBlock.

Following long struggles for cannabis rights, both in recreational and medical use,
Significant breakthroughs resulted in increased tolerance and legalization across the world, however, even in countries where the cannabis industry is legal, stringent rules, high costs make it difficult to participate in growing operations.

“The hard-fought legal battles around cannabis rights have resulted in significant breakthroughs and increased tolerance around the world,” Benz said. “But the vast majority of the world is still excluded from the benefits of the legal cannabis industry, whether consumers, growers, or businesses. CannaDAO removes the hurdles for so many who want to participate in this blooming economy while at the same time having a strong social impact.”

With a series of NFT releases as well as a P2E game, CannaFarm will launch on March 7 on Aurora. Users will be able to participate in a truly decentralized and gamified governance model. The DAO will drop on April 20 with the governance token ($CANNA) available on Ref.finance.

The governance token $CANNA plays a key role as a utility token allowing members of the CannaDAO to participate in project governance, including the proposal of new cannabis growing opportunities, voting on submitted proposals and funding approvals, and participating in grow operations harvesting yield through token staking. $CANNA will include governance utility interacting within the CannaDAO ecosystem with proposal submissions, voting mechanisms, membership with prestige levels, payment modules for cannabis-related services on and off-chain, transaction visibility, and accountability.

2020 TADS Awards Winners Announced At "TADS AWARDS GALA 2020" Presentation Ceremony Hosted in Hong Kong

HONG KONG , Nov. 23, 2020 /PRNewswire/ -- TADS Awards (stands for "Tokenized Assets & Digitized Securities Awards") is the world's first annual international award for the asset tokenization and digital securities sectors. Hosted annually, TADS Awards gathers individuals and businesses to share the energy that tokenization brings to the financial markets around the world. The global launch and inaugural TADS Awards Gala 2020 presentation ceremony was hosted and globally broadcasted online during Hong Kong Blockchain Week on 18th November 2020 . A total of ten (10) winners were announced from two (2)  awards categories: "Best of Class TADS" and "Ecosystem Excellence".

The World Economic Forum forecasts that by 2027, 10% of the world's GDP will be tokenized - an estimated market capitalization of US$24 trillion . Tokenized Assets and Digitized Securities are the next big wave of the financial market, and projected to undergo exponential growth in the coming years. TADS Awards celebrates these industries by recognizing and honoring significant contributions and distinguished achievements worldwide. It nurtures the growth of TADS industries by jointly establishing "best practices" and setting "measuring standards" for high-quality tokenized assets and digitized securities through close collaboration with other industry leaders on the global market - https://tadsawards.org .

Dr David Chung Wai -keung, JP, the Under Secretary for Innovation and Technology of the Hong Kong Special Administrative Region, commented in his opening speech for TADS Awards, "This will make Hong Kong first in the world for hosting an international awards for Tokenized Assets Digital Securities space, with a long-term vision to make TADS Awards one of the pre-eminent awards in the industry. To facilitate growth in this sector, the soon to be announced 'Hong Kong Smart City Blueprint 2.0' will provide new financial technology measures and offer more market opportunities in the FinTech industry here in Hong Kong ."

"Congrats to the organizers and sponsors for the leadership in putting this together. TADS has tremendous potential to bring about greater efficiency in financial transactions, intermediation and capital raising," said Mr. Wai-Lum Kwok , Senior Executive Director in Capital Market at Abu Dhabi Global Market (ADGM), during his keynote speech at the event. "At ADGM, we see ourselves as a catalyst for innovation, and will keep supporting the industry by developing calibrated, effective regulations that facilitate the growth and adoption of TADS."

The ten (10) winners who were announced from two (2) categories of awards including : MaiBlocks , Wave-Financial , Onecycle , Yubi , and Libra Project for the "Best of Class TADS" award category and Credify Pte Ltd , Securitize , Ledger , GSX , Flovtec   for the "Ecosystem Excellence" award category, respectively as below.

Winners List of 2020 TADS AWARDS

Samson Lee , Founder and CEO of Coinstreet, and Chairman of the Organizing Committee of TADS Awards commented, "On behalf of the TADS Awards, we would like to sincerely thank all the committees, business partners, global ambassadors, award nominees who participated in the 2020 TADS Awards. The award was a great success due to gracious support from everyone. We are looking forward to expanding our partnership and ecosystem around the world to develop TADS Awards into one of the most recognized and distinguished awards for the TADS industry."

"We are seeing renewed interest in asset tokenization as regulations are starting to catch up to the innovation, and larger institutions have expressed interest to come into the market, which bodes well for the future of the TADS Awards," said Juwan Lee , Founder and CEO of Nexchange Group, and Steering Committee of TADS Awards.

Peter Yan , Chief Executive Officer at Hong Kong Cyberport, and Steering Committee of TADS Awards added, "The mission of the TADS Awards very much aligns with Cyberport's focus in facilitating industry development, especially in the areas of FinTech and Blockchain. Within our community, companies working on digital asset solutions make up more than one-tenth of our FinTech cluster amongst a growing variety of different sectors, and every day we see the sector become increasingly prevalent. We look forward to seeing winning solutions under TADS Awards take the industry to the next level and some of them joining our community in the future."

"Digital assets are now enabling enhanced commercialization models across industries and geographies. This is how we see TADS Awards and its ideas. Let's look forward to the ever-evolving and exciting technology updates and how it integrates in a secure and promising trading environment," noted Peter Koo , APAC Leader, IT & Specialized Assurance at Deloitte and Steering Committee of TADS Awards.

"I have been working in the equity markets for some 40 years. For much of that time, precedent has been honored, and established structures and procedures followed. Now I feel a 'wind of change' is blowing through financial markets, a change that we should and must embrace. The TADS Awards recognise pacesetters in this breakthrough area which has the potential to disrupt, and enhance financial services in Hong Kong and worldwide, while promoting secure, low cost and transparent transactions," said Mr. Martin Sabine , Chairman of Somerley Capital Holdings Limited and Steering Committee of TADS Awards.

"As we all move to digital platforms, STOs provide us with a more efficient and more flexible way of fundraising and investment structure on a global basis. TADS Awards bring together many good examples of STOs and can help promote the concept to a wider platform," reflected Stephan Law , Managing Director of ANS Capital Limited and Steering Committee of TADS Awards.

"TADS Awards reflect the shape of the future economic landscape in our ability to empower and create a level-playing field for all the people in the underserved markets," added Suresh K  Sharma, Entrepreneur-in-Residence at the Georgia Institute of Technology and Steering Committee of TADS Awards. "I was impressed by the quality of all participants at TADS and very excited to be a part of a journey creating a more robust innovation ecosystem that enables fractional ownership and exchange of digital assets globally."

"Having TADS Awards is a great opportunity to step back and take a moment to recognize some of the outstanding innovators in both issuances and technologies in the tokenized assets and digital securities space. I think the awards have set a standard to strive for the industry participants in the coming years. It was a great honor to be a part of these awards,"said Chris Carlin , Asia Head of Alliances of Redistribution Solutions and Data Products at Morningstar, and Awards Committee of TADS Awards.

"I am very happy to encourage or advocate the use of blockchain technology in pursuing sustainable development goals. Token economy is surely a notable future displaying the perfect integration of financial & technological innovation. I hope to see advanced development in this area and witness the rise of ESG or impact tokens contributing to the green economy and becoming a catalyst for financing sustainable development goals," said Eva Law , Chairman of Association of Asia Family Offices and Vetting Committee of TADS Awards.

"I sincerely hope all young entrepreneurs participating in the TADS Awards will be successful! Hearty congratulations to all the winners of TADS Awards! Keep up the good work!" commented by Mr. Chan Heng Fai , Executive Chairman of American Pacific Bancorp, and strategic sponsor of TADS Awards.

TADS Awards is co-organized by the Asia Pacific Digital Economy Institute , Coinstreet Partners , Nexchange Group and The STO LAB . The event is proudly sponsored by American Pacific Bancrop , GOIR and supported by (in alphabetical order) - Association of Family Offices in Asia , Belt & Road TechFin Association , Crypto Valley Association , Deloitte , Hong Kong Blockchain Week , Hong Kong Cyberport , Hong Kong Fintech Week , IBM , KARM Legal Consultants , Korea Blockchain Cooperative , Microsoft Hong Kong , Morningstar , OSL , Paris Blockchain Week Summit , Somerley Capital , West Park Capital , among many others, plus the support from global ambassadors from over twelve (12) countries including (in alphabetical order) -- Archax , BINARYSTAR , Corum8 , Digimax , ECXX.com , Fintech4good , KARM Legal , Magic Circle Tech Ltd , PANews , Propine , Potrero Capital , Publishprotocol , The MFO ; and TADS Awards' PR, Media & Community Partners (in alphabetical order) -- AMBCrypto , Coinhubkorea , Cryptoevents , Cryptonomist , Cryptopolitan , Corum8 , Econotimes ,FintechFinance , Global Online Investor Roadshow , HKBA , Koinpost , Pacifica , Publishprotocol ,SmartMoneyMatch , Tokenpost , TheTokenizer , Unlock .

For more information about TADS Awards - https://tadsawards.org

To watch the "TADS Awards Gala 2020" ceremony - https://tadsawards.org/winners/#stream

About Asia Pacific Digital Economy Institute

Asia Pacific Digital Economy Institute aims to create a center of excellence, leadership and partnership to incubate new thinking and innovation in practice; advance thought-leadership; generate new growth opportunities; enhance the competitiveness and productivity of business; and cultivate talents to accelerate digital economy. For more information, please visit - https://apdei.org/

About Coinstreet Partners

Founded in 2017, Coinstreet is an award-winning*, AI-powered decentralized investment banking group and consultancy firm in the Digital Asset and FinTech sectors, providing a business eco-system for the new era of digital economy. Coinstreet focuses on five key business segments: (1) Digital Asset Investment Banking, (2) Digital Asset Management & Private Banking, (3) Digital Asset Private Equity, (4) Asset Tokenization & Security Digitization Management Solution, and (5) Decentralized Finance & DLT Solution.

Coinstreet is a co-organizer of Global Online Investor Roadshow (www.GOIR.info ) - the next generation, institutional scale, online private placement platform for private equity, alternative investments, and digital asset opportunities; and a co-organizer of TADS Awards (www.TADSawards.org ) - the world's first international award for Tokenized Assets and Digitized Securities sector.

For more information, please visit www.coinstreet.partners

About Nexchange Group

NexChange Group is a venture innovation and media platform specializing in Blockchain, FinTech, HealthTech, AI, Entertainment Tech and Smart Cities. By creating a global O2O community, NexChange creates, markets, accelerates and provides access to innovative products. Please visit - https://www.nexchange.com/

About The STO LAB

STO-LAB provides safe and fully compliant, one-stop, end-to-end "asset tokenization" and "digitized security global distribution" solutions. The STO-LAB platform can provide asset tokenization services for a variety of asset types, including fixed assets, real estate, commodities, derivatives, stocks, debt, cash flow, and investment funds. STO-LAB has established a global blockchain alliance network, with objectives of promoting Security Token Offering (STO) projects, facilitating convergence between digitized securities, tokenized assets and traditional financial market assets, and contributing to build a better eco-system for STO projects globally. For more information, please visit - https://thestolab.com/

About American Pacific Bancorp

American Pacific Bancorp (APB) is a bank holding company, focused on acquiring controlling equity positions of commercial banks in the United States . APB will inject digital banking capabilities into the banks to provide global banking services to global clients, increasing profitability. APB is managed by a team of bankers and entrepreneurs whose shared vision is to build a robust, integrated technologically advanced bank holding company. They envision establishing a unique, customer-centric, globally focused entity that provides banking services through digital channels. For more information, please visit - https://www.amerpacbancorp.com/

Please register here - for Online Press Conference will be held on 27 Nov 2020 for interviews with all ten 10 winners of 2020 TADS Awards.

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