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Onomy Protocol to Spearhead Institutional Adoption of DeFi

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Casper, Wyoming–(Newsfile Corp. – December 2, 2021) – Onomy Protocol has announced the creation of a financial infrastructure designed to further connect and advance the decentralized finance (DeFi) space after recent months have unveiled how decentralization is improving the world’s financial system by enacting code-governed protocols that empower communities worldwide. Building on the trustless nature of blockchain to increase yield opportunities, while reducing counterparty risk and operational inefficiencies, DeFi is rapidly onboarding institutional and retail users. Adoption is now expanding beyond the crypto-natives and entering mainstream audiences, with hedge funds, banks, VCs, and retail customers deploying their assets on-chain.

In light of this ‘great financial migration’ – a term used to define the crystallisation of assets in the on-chain environment, Onomy Protocol is mending the current pain points and building a financial ecosystem to spearhead DeFi’s journey. As a layer-1 blockchain network powering a hybrid decentralized exchange, a stablecoin minting system, and a DeFi access wallet, Onomy plans to become the de-facto gateway to intuitively enter and exit any asset ecosystem, while serving as the world’s decentralized reserve bank.

Onomy’s hybrid DEX employs an Automated Market Maker (AMM) and decentralized order book system to facilitate simple cross-chain trading between the crypto assets and Forex pairs. This creates significant opportunity for institutions to exchange currency within a secure environment that does entail surrendering asset custody to a third party, while still retaining the advanced functionality once limited to centralized exchanges, like interoperability between blockchain economies, limit orders, stop loss orders, and advanced charting.

To meet the needs of the institutions trading at volume and pace internationally, blockchains need to have the fast throughput and settlement finality to keep up. It’s well known that 1st generation blockchains like Ethereum, at least in their current guise, don’t have the operational capacity to handle international finance at a grand scale. Onomy Protocol’s Cosmos-based blockchain is built specifically for high throughput and efficiency. By plugging into the Inter-Blockchain Communication Protocol and building custom bridges to other chains including Ethereum, Near, Avalanche, Cardano, and others, cross-chain swaps become simple to everyone.

Onomy Protocol has announced plans to on-board the $6.6 trillion per day Forex market into DeFi, by enabling anyone to mint their own fiat representations on-chain. These decentralized stablecoins are minted into circulation by locking Onomy’s utility token NOM, as collateral, with rebalancing mechanisms enacted to maintain the peg. Financial institutions, enterprises, and individuals may therefore diversify their fiat portfolio, issue payments, settle international balances, and engage with DeFi yield opportunities without exposure to volatile assets.

Through Onomy’s DeFi access wallet, assets deployed on multiple chains may be managed via a single interface, simplifying ease of use and adoption whilst facilitating more complex operations like governance voting or staking.

Aiding institutional adoption of decentralized finance, Onomy’s products are compliant with regulatory frameworks and remain secure through multiple third-party audits and formal software certification conducted by Informal Systems and IBM’s RedHat.

Media Contact:

Daniel Dob
Email: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106373

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Everest Trust Scales New Heights With Premium Accounts For Ambitious Traders

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LANCY, Switzerland, May 2, 2024 /PRNewswire/ — Everest Trust, a leading online brokerage firm, has recently announced the launch of its premium account offerings. These exciting new accounts offer experienced and high-volume traders unparalleled control and enhanced features to reach their financial summits.

“We understand that successful traders have specific requirements,” says Emily-Rose Hawthorn, a spokesperson for Everest Trust. “The premium accounts are crafted to cater to those who seek more from our trading platform. We’ve empowered these individuals with the necessary tools, resources, and support to navigate the ever-evolving financial landscape and make informed decisions.”

Premium features for peak performance

Everest Trust’s premium accounts exceed the standard conditions offered in their primary accounts. Premium account holders will enjoy a multitude of benefits aimed at elevating their trading journey. Here’s a glimpse of what traders can expect.

The broker provides customized spreads, swap rates, and custom leverage options, allowing users to optimize their strategies and potentially retain a more significant share of their profits. Members also benefit from personalized guidance and support with two dedicated, 30-minute weekly consultations with an account manager with extensive market expertise. This ensures traders always have a trusted advisor by their side to remain informed and equipped to make sound decisions.

Everest Trust elevates the trading experience further with exclusive features like weekly trading signals, access to trade-exclusive events and limited credit allocation for qualified clients. The importance of risk management is addressed, with risk management tools and strategies provided by them to minimize the impact of market volatility. Additionally, select members enjoy the peace of mind that comes with limited insured positions, offering a safety net for their investments.

“We are confident that the premium accounts will be instrumental in propelling our customers towards success,” emphasizes Hawthorn. “By bringing a customized and results-oriented workplace, Everest Trust is committed to unlocking new avenues for growth for traders.”

About Everest Trust

Everest Trust is an online investment platform that allows individuals of all backgrounds to participate in the financial markets. The brand delivers a secure and reliable solution for investors to grow their wealth with a user-friendly platform, a comprehensive suite of trading tools, and a wide variety of financial markets available to trade. The introduction of premium accounts underscores its dedication to catering to the evolving needs of all clients, from novice to pro.

Website: https://www.everestrust.com/

 

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Checkout.com and Mastercard partner to bring virtual cards to Online Travel Agents

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  • The collaboration enables Checkout.com’s customers to access the Mastercard Wholesale Program, unlocking reduced costs and higher conversion rates
  • The partnership supports Online Travel Agencies (OTAs) and other travel sector businesses that use cards to make B2B payments, as the market is forecast to reach $1.5 trillion in revenues by 2027[1]
  • The partnership follows Checkout.com’s launch last year of Issuing in the UK and Europe, enabling brands to issue, process, and manage card programs, and combine with acquiring to fund cards efficiently

LONDON, May 2, 2024 /PRNewswire/ — Checkout.com, a leading global digital payments provider, today announces a partnership with Mastercard to bring virtual cards to Online Travel Agents.

As part of the Mastercard Wholesale Program, which reduces costs for travel businesses through virtual card technology and an innovative pricing model, customers of Checkout.com will be able to pay their suppliers more easily and benefit from higher conversion rates by issuing virtual cards.

“Mastercard remains committed to powering the travel economy with digital payment solutions that provide greater flexibility, visibility, and protection. Over 400,000 travel providers worldwide already rely on us to enable payments through the Mastercard Wholesale Program, and we’re thrilled to be collaborating with Checkout.com to support their customers to embrace the next generation of payment solutions for B2B travel”  said George Simon, EVP, Market Development, Mastercard Europe. 

“We’re delighted to partner with Mastercard to complement our virtual card issuing solution, enabling Online Travel Agents to unlock new revenue streams and deliver a connected customer experience. Together we’ll offer higher payment performance to travel merchants by combining the Mastercard Wholesale Program with our single integration connecting acquired sales to issued cards, which unifies acquiring and issuing, for better cash flow management”, said Meron Colbeci, Chief Product Officer at Checkout.com. 

By combining acquiring and issuing, Checkout.com helps Online Travel Agents move seamlessly from receiving customer payments to paying suppliers. Traditionally, Online Travel Agents had to manage these two sides of their business separately, which can lead to inefficiencies and increased potential for error. Checkout.com’s integrated solution ensures a seamless flow from customer payment acquisition to supplier payouts, turning what used to be a cumbersome process into a cohesive, streamlined operation. In turn, this deepens trust and relationships within the ecosystem.

Notes to editors:

To learn more, please visit our website here.

For more information on Mastercard’s Embracing a virtual future for B2B travel payments report, SEPTEMBER 2023; www.mastercard.com/global/en/business/large-enterprise/mastercard-enterprise-partnerships/b2b-travel-solutions/global-wholesale-travel-whitepaper.html

About Checkout.com

Checkout.com offers a high-performance, cloud-based payments platform that transforms payments into a significant revenue source for enterprises and scaling businesses. Its technology is built for flexibility, scalability, and efficiency, enabling seamless processing of payments, payouts, and card program management. Checkout.com is headquartered in London, with offices in New York, Paris, Dubai, Hong Kong, and other locations across six continents. Customers include global OTAs such as Reward Gateway, Hopper, Grab, Flyin and Dott.

Checkout.com. Where the world checks out.

[1] Phocuswright, U.S. Online Travel Agency Market Report 2021–2025, March 2022.

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CFGI Acquires Leading German CFO Advisory Firm PAS Financial Advisory AG

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BOSTON and STUTTGART, Germany, May 2, 2024 /PRNewswire/ — CFGI, a leading global accounting and business advisory firm and a portfolio company of Carlyle and CVC Capital Partners, today announced that it has signed an agreement to acquire PAS Financial Advisory AG, a major German non-audit accounting advisory firm with a robust presence spanning nine offices across Germany and more than 100 employees. 

PAS Financial Advisory AG serves public and private clients, offering a comprehensive suite of accounting, reporting, process, and valuation advisory services tailored to address the evolving needs of organizations across the business lifecycle. Comprising professionals with extensive corporate and Big Four experience, PAS delivers unparalleled expertise without the constraints of auditor independence, providing clients with agile solutions to complex challenges.

CFGI continues its strategic international growth trajectory with this latest acquisition, further solidifying its position as an industry leader in the provision of integrated financial and non-financial reporting advice, technical accounting, risk advisory, and transaction services.

“We are thrilled to welcome PAS Financial Advisory AG to the CFGI family,” commented CFGI Co-CEO Nick Nardone. “This partnership marks a significant milestone in our continued commitment to expanding our global footprint and enhancing our service offerings to meet the evolving needs of our clients.”

Shane Caiazzo, CFGI Co-CEO, added: “CFGI is building on its position as a world-class independent accounting and business advisor to CFOs everywhere, supporting their most important regulatory compliance and business improvement initiatives. The addition of PAS gains us both a leadership position within the German market and a great team sharing the same mindset regarding our approach to the market, client service, and product offerings.”

“I’m extremely excited about the future and what this combination will offer both our employees and our clients,” said Markus Groß, CEO of PAS Financial Advisory AG. “Joining forces with CFGI strengthens our abilities to serve our clients in increasingly complex regulatory environments. The resulting partnership maintains our commitment to cultivating top talent and delivering outstanding client service while expanding our ability to serve clients as a global advisory partner. We thank our clients for their trust in us and the unique partnerships this has created.”

The combined business serves a diverse customer base across industries, including life sciences, manufacturing and distribution, private equity, technology, software, energy, and financial services.

For media inquiries, please contact:

CFGI Media Contact:
Rachel Tucker Bobbitt, Regional Support Manager
[email protected]

PAS Financial Advisory AG Media Contact
Markus Groß CEO
[email protected]

About CFGI
CFGI, a Carlyle and CVC Capital Partners portfolio company, is a leading global accounting and business advisory firm. We partner with our clients on their most important regulatory, transaction, and business improvement initiatives. Our team of over 1,000 former Big 4 professionals brings expertise across technical accounting, capital markets, tax, valuation, ESG, transaction advisory, restructuring, and technology solutions — all delivered with an independent and roll-up-the-sleeves approach. CFGI was founded in 2000 and serves thousands of global clients across 19 offices throughout the Americas, Europe, and the Asia Pacific regions.

Learn more at www.cfgi.com.

About PAS Financial Advisory AG
PAS Financial Advisory has become one of the largest and most renowned German non-audit financial advisory firms specializing in the delivery of best-in-class advisory services along the CFO agenda. With a dedicated team of experts, PAS Financial Advisory works closely with its clients to develop customized solutions for their individual needs – from DAX40 and mid-sized companies to innovative start-ups, as well as private equity investors and their portfolio companies. 

Logo – https://mma.prnewswire.com/media/2403206/CFGI_Logo.jpg

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