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OKX Leads the Way in Transparency and Trust with 14th Consecutive Proof of Reserves, Showing USD14.9 Billion in Primary Assets

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DUBAI, UAE, Dec. 20, 2023 /PRNewswire/ — OKX, a leading global Web3 technology company and crypto exchange, today announced the publication of its 14th monthly Proof of Reserves (PoR) report, demonstrating USD14.9 billion in primary assets backing user funds.

OKX’s PoR report provides a comprehensive overview of the reserve ratios for 22 of the most commonly used assets on the platform. Its 14th consecutive monthly PoR report reveals reserve ratios of over 100% for all of these assets, ensuring full backing of user funds.

The current reserve ratios for OKX’s primary assets are as follows:

  • BTC: 103%
  • ETH: 104%
  • USDT: 103%
  • USDC: 101%

OKX Global Chief Commercial Officer Lennix Lai said: “Our monthly Proof of Reserves reports demonstrate our ongoing commitment to providing a platform – and trading experience – that is secure, reliable and trustworthy. OKX aims to continue setting an industry standard for transparency by providing users with the tools and resources to verify reserves in real-time.”

OKX recently added USDC to its PoR report’s “primary asset” figure. This inclusion acknowledges the growing prominence of Circle Internet Financial‘s (Circle) stablecoin on the exchange.

Renowned blockchain expert Nic Carter recently recognized OKX with the highest quality rating among major exchanges. This acknowledgment further solidifies OKX’s position as a leader in the crypto industry and reaffirms its continuous commitment to transparency and user trust.

Users can view OKX’s latest PoR report, reserve ratios and verify the exchange’s solvency here.

For further information, please contact:
[email protected]

About OKX

OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being one of the fastest and most reliable crypto apps in the world.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

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The OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

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BIZCLIK MEDIA LAUNCHES DECEMBER EDITIONS OF TECHNOLOGY & DATA CENTRE MAGAZINES

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The December editions of Technology and Data Centre Magazines include interviews with leading experts and executives from Kyndryl, Munters & Ark Datacentres

LONDON, Nov. 29, 2024 /PRNewswire/ — BizClik, the UK’s fastest-growing publishing company, has launched the latest editions of Technology and Data Centre Magazines. These publications are highly regarded within the technology, and Cloud sectors for their in-depth reports and interviews with prominent figures in the respective industries.

Technology Magazine

This month’s edition features an in depth lead report on Jensen Huang’s NVIDIA.

“Generative AI is the defining technology of our time…” – Jensen Huang.

The edition also contains extensive interviews with key thought leaders from Kyndryl, Munters, Cornerstone OnDemand and more, along with the Top 10: Chief Technology Officers.

Data Centre Magazine

This month’s edition includes an extensive cover feature with executives from Vertiv, KPMG, atNorth and more on how to design and build a Data Centre for the AI era.

“Data centres now need to accommodate increasingly dense IT loads, making optimised power and cooling management even more critical” – Alex Brew, Regional Director, Northern Europe at Vertiv.

The edition also contains extensive interviews with key thought leaders from Ark Data Centres, ESR and more. Plus the Top 10: Data Centre Uses.

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You can visit Technology Magazine and Data Centre Magazine for daily news and analysis of the ever-changing tech & telco industry.

About BizClik

BizClik is one of the fastest-growing digital media companies in the UK, host to a growing portfolio of industry-leading global brands and communities.

BizClik’s expanding portfolio includes Technology, AI, FinTech, InsurTech, Supply Chain, Procurement, Energy, Mining, Manufacturing, Healthcare, Mobile, Data Centre, Cyber, and Sustainability.

For more information, please visit https://www.bizclikmedia.com/.

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Tetragon Financial Group Limited October 2024 Monthly Factsheet

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LONDON, Nov. 29, 2024 /PRNewswire/ —

Tetragon has released its Monthly Factsheet for October 2024.

  • Net Asset Value: $3,091m
  • Fully Diluted NAV Per Share: $34.66
  • Share Price (TFG NA): $13.30
  • Monthly NAV per share total return: 2.7%
  • Monthly Return on Equity: 3.0%
  • Most recent quarterly dividend: $0.11
  • Dividend yield: 3.3%

Please refer to important disclosures on page three of the Monthly Factsheet.

Please click below to access the Monthly Factsheet.

October 2024 Factsheet

About Tetragon:

Tetragon is a Guernsey closed-ended investment company. Its non-voting shares are listed on Euronext in Amsterdam, a regulated market of Euronext Amsterdam N.V., and also traded on the Specialist Fund Segment of the Main Market of the London Stock Exchange. Our investment manager is Tetragon Financial Management LP. Find out more at www.tetragoninv.com.

Tetragon’s non-voting shares are subject to restrictions on ownership by U.S. persons and are not intended for European retail investors.

Please see: https://www.tetragoninv.com/shareholders/additional-information.

Tetragon Investor Relations:
Yuko Thomas
[email protected]

Press Inquiries:
Prosek Partners
[email protected]
U.K. +44 20 3890 9193
U.S. +1 212 279 3115

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This release does not contain or constitute an offer to sell or a solicitation of an offer to purchase securities in the United States or any other jurisdiction. The securities of Tetragon have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States or to U.S. persons unless they are registered under applicable law or exempt from registration. Tetragon does not intend to register any portion of its securities in the United States or to conduct a public offer of securities in the United States. In addition, Tetragon has not been and will not be registered under the U.S. Investment Company Act of 1940, and investors will not be entitled to the benefits of such Act. Tetragon is registered in the public register of the Netherlands Authority for the Financial Markets under Section 1:107 of the Financial Markets Supervision Act as a collective investment scheme from a designated country.    

 

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EQT Exeter completes Spanish student housing portfolio sale to Azora

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  • Since the creation of the portfolio in May 2021, it has grown from two assets with 1,500 beds to 12 assets with 4,100 beds           
  • Transaction marks the first sale of EQT Exeter’s living assets in Spain, a market experiencing continued growth potential         
  • Azora reenters the Spanish purpose-built student accommodation (PBSA) market, a sector it first pioneered over a decade ago  
  • Azora plans to leverage the acquisition to develop a larger Southern European portfolio aiming for approximately 10,000 beds

STOCKHOLM, Nov. 29, 2024 /PRNewswire/ — EQT Exeter, a leading global real estate investment manager, is pleased to announce that the EQT Real Estate II fund (“EQT Exeter”) has closed the sale of a portfolio comprising 12 student housing assets in nine cities across Spain to an Azora PBSA managed vehicle.

In May 2021, EQT Exeter entered a joint venture with developer Grupo Moraval to create a premier portfolio of purpose-built student accommodation assets across Spain, totaling approximately 1,500 beds. The portfolio was designed to target a primarily domestic student profile, with a high level of service and amenity offering at an affordable price point.

Since then, leveraging the expertise of its local team, EQT Exeter has expanded the portfolio to include 12 assets with approximately 4,100 beds across major cities, including Madrid and Barcelona, as well as in key secondary higher education hubs such as Seville, Málaga and Granada. It became the fourth largest student housing portfolio in Spain just two years into the joint venture. The portfolio is characterized by its high standards, with several buildings having achieved LEED1 Platinum, the first student assets in Europe to receive this certification.

Tom Livelli, Partner and Head of Living Strategies, Europe, EQT Exeter, said: “This transaction underscores the strong and growing demand for high-quality student housing in Europe, supported by robust fundamentals and resilient market dynamics. Spain remains a top investment destination, with strong economic growth and a structural undersupply of student housing. This exceptional portfolio showcases EQT’s integrated investment, development, and operational expertise, and we remain committed to expanding our presence in the European living sector.”

Carlos Molero Sánchez de la Blanca, Managing Director, EQT Exeter, said, “We are excited to have completed the sale of our first living assets in Spain, an excellent example of EQT Exeter’s ‘local with locals’ approach to investing in thematic trends. Our selective aggregation strategy, combined with a deep understanding of the specific needs of students and a focus on the operational and design aspects of each building, have allowed us to achieve significant scale and deliver a highly resilient, downside-protected portfolio with a high social impact.”

Alvaro Soto de Scals, CEO, Grupo Moraval, commented: “It has been a pleasure to have contributed to the success of our JV with EQT Exeter, having sourced and managed the build-out of this platform as planned. The portfolio is built with state-of-the-art technology and quality; with sustainability a core element for both Group Moraval and EQT Exeter.”

José Alonso, Partner, Azora, added: “After closely monitoring the market for several years, we believe now is the ideal time to reenter the PBSA sector in order to provide solutions to the current shortage of student housing in Spain and other Southern European countries. The platform established by EQT Exeter and Grupo Moraval aligns with the high standards of our PBSA vehicle and will serve as the foundation for our expansion in Southern Europe.”

The acquisition signifies Azora’s return to the student housing sector, a market it led over a decade ago by establishing the largest PBSA portfolio in continental Europe, which was sold in 2017. Azora intends to use this newly acquired platform as a foundation to expand its new PBSA vehicle, targeting approximately 10,000 beds in key Southern European locations.

EQT Exeter was advised by Linklaters and Azora was advised by CBRE Investment Bank and Garrigues.

1Leadership in Energy and Environmental Design

EQT contact
For Spanish press, Sofía García, [email protected], +34915312388
For international press, EQT Press Office, [email protected]

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Azora (Spain) contact
Nacho Miquel, [email protected]
Alberto Rodríguez, [email protected]
+34915634179

Azora (Europe) contact

Richard Sunderland / James McEwan / Ellie Smith, [email protected]
+442037271000

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/eqt/r/eqt-exeter-completes-spanish-student-housing-portfolio-sale-to-azora,c4073309

The following files are available for download:

https://mb.cision.com/Main/87/4073309/3141865.pdf

PRESS RELEASE EQT Exeter completes Spanish student housing portfolio sale to Azora

https://news.cision.com/eqt/i/spanish-student-housing-portfolio,c3356290

Spanish student housing portfolio

 

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