Fintech PR
Butn Ltd and APX Lending to Form Joint Venture to Capture $20 Billion APAC Crypto-Backed Lending Market.
Strategic partnership to redefine crypto-backed lending across Australia, New Zealand, and the broader APAC region
Key highlights:
- Butn Ltd and APX Lending sign binding MOU to launch Crypto-Backed lending product in Australia and New Zealand in Q2 2025
- Strategic partnership to redefine under-serviced crypto-backed lending across Australia, New Zealand and the broader APAC region
MELBOURNE, Australia and TORONTO, Dec. 9, 2024 /CNW/ – Butn Ltd (ASX: BTN), a leading Australian-based transactional funder has entered into a binding Memorandum of Understanding (MOU) with Canadian crypto-backed lending platform APX Lending to form a Joint Venture that will redefine crypto-backed lending across Australia, New Zealand and APAC. The partnership combines Butn’s regulatory expertise and local market leadership with APX Lending’s advanced crypto-backed lending technology to create a compliant and secure platform, offering under-serviced borrowers unparalleled access to regulated crypto-backed lending in the region.
By merging Butn’s expertise in lending and local market insights with APX Lending’s advanced crypto-backed lending technology, the partnership aims to establish a new standard for safe, secure and regulated crypto-backed lending in the APAC region.
The Joint Venture is on track for a launch across Australia and New Zealand in Q2 2025, with subsequent expansion planned across APAC and is well positioned to become the leading regulated crypto-backed lending platform in this rapidly growing and under-serviced market.
Andrei Poliakov, CEO of APX Lending, added, “This partnership with Butn is a major milestone in our mission to deliver secure, regulated and innovative crypto-backed lending solutions globally. By combining our technology with Butn’s regulatory expertise and experience lending in Australia and New Zealand, we’re offering a transformative crypto-backed lending solution to the APAC market. As APX Lending continues to grow internationally, we are committed to partnering with top regional leaders to build a global powerhouse in regulated crypto-backed lending.”
Butn’s Co-founder and Co-CEO, Rael Ross said, “This JV with APX Lending represents a significant opportunity off the back of Butn’s Retail Private Credit Fund launch earlier this year and the expansion of Butn’s leading suite of transactional funding products to now include secure and innovative crypto-backed lending solutions. With Bitcoin hitting $USD100,000, combined with APX Lending’s extensive crypto know-how, there has never been a better time for Butn to offer a transformative, crypto-backed lending solution to the APAC market. This announcement and subsequent launch show the true nature, robustness and popularity of the Butn suite of product offerings following the milestone of over $2 Billion in originations since inception.”
The Joint Venture will empower crypto holders in Australia, New Zealand and the larger APAC region to unlock liquidity by borrowing against their crypto assets on a compliant, safe and secure platform. APX Lending continues to see unprecedented loan demand in Canada and the U.S. whilst Butn has fielded many inquiries from potential borrowers in APAC, underlining the surging demand for crypto-backed loans globally. With this Crypto Lending product suite live in APAC in Q2 2025, Butn and APX Lending seek to lead the market with their leading technology and lending expertise.
About APX Lending
APX Lending is a leading Bitcoin and Ethereum-backed lending platform, registered with FINTRAC in Canada and FinCEN in the U.S., dedicated to providing compliant, safe, and secure lending solutions to individual and institutional clients globally. Founded by Andrei Poliakov, co-founder of Coinberry, one of Canada’s largest regulated crypto trading platforms, APX Lending is redefining the landscape of crypto-backed lending with a focus on transparency, security, and regulatory compliance. Leveraging cutting-edge technology and a deep understanding of the digital asset space, APX Lending seeks to serve a rapidly growing global market. With a seasoned team of industry experts, APX Lending offers innovative crypto-backed lending products, including a white label solution for banks, credit unions, and financial institutions worldwide.
For more information, please visit www.apxlending.com.
About Butn Ltd.
Butn Limited (ASX: BTN) is an Australian Business-to-Business (‘B2B’) funder innovating the way SMEs fund and grow their businesses. Butn focuses on transactional funding – funding SME businesses through their working capital constraints by financing individual transactions, leveraging the end debtor’s credit. With a vision of “Your money, today” Butn delivers cashflow funding solutions at the click of a Butn having funded over $2 billion to Australian businesses. For more information visit www.butn.co
View original content:https://www.prnewswire.co.uk/news-releases/butn-ltd-and-apx-lending-to-form-joint-venture-to-capture-20-billion-apac-crypto-backed-lending-market-302326107.html
Fintech PR
HashKey Chain Launches $50 Million Atlas Grant Program to Empower Global Web3 Developers
HONG KONG, Dec. 12, 2024 /PRNewswire/ — On December 10, HashKey Chain announced the $50 million Atlas Grant Program to support global Web3 projects. This initiative aims to drive innovation in the OP Stack ecosystem, accelerate HashKey Chain’s application layer growth, and boost on-chain adoption.
HashKey Chain leverages OP Stack technology to enhance transaction speed and reduce fees. This open-source framework powers Optimism’s L2 Rollup and allows developers to build customizable Layer 2 blockchains with Ethereum’s security.
The grant pool includes $50 million in HSK tokens, with $10 million allocated initially. Funding is tied to milestone achievements by developers and teams building on HashKey Chain.
Key Areas of Focus:
- RWA (Real-World Assets): Tokenization of financial assets for liquidity and transparency.
- PayFi, stablecoins, and BTCFi: Driving blockchain adoption in finance.
Hong Kong’s role as a financial hub makes it ideal for RWA tokenization, aligning with HashKey Chain’s compliance-focused strategy to bring traditional financial products on-chain.
CEO Statement:
“We are excited to announce the $50 million Atlas Grant Program to the global market,” said Kay, CEO of HashKey Chain. “We hope individuals, teams, and organizations joining the HashKey Chain ecosystem share a strong confidence in the future of the crypto industry. Together with HashKey Chain, we aim to build a thriving and open Web3 ecosystem, creating groundbreaking applications with real traction across major blockchains while achieving meaningful returns in the process.”
The first phase allocates $10 million in HSK tokens, with applications open from December 10, 2024, to January 10, 2025. Grant recipients will be announced on January 20, 2025.
X:@HashKeyHSK
Application: https://github.com/orgs/HashkeyHSK/discussions/new?category=session-1
Logo – https://mma.prnewswire.com/media/2579882/HashKey_Chain_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/hashkey-chain-launches-50-million-atlas-grant-program-to-empower-global-web3-developers-302330308.html
Fintech PR
Allego and RAIN Group Unveil Groundbreaking Research on Continuous Learning and Sales Performance
New study reveals only 33% of companies have effective sales training, explores gaps and opportunities for organizations to elevate sales performance
WALTHAM, Mass., Dec. 12, 2024 /PRNewswire/ — Allego™, the leading provider of revenue enablement solutions, in partnership with RAIN Group, a global sales training company, today announced the findings of their latest study, The Impact of Continuous Learning on Sales Performance. This landmark research underscores the transformative power of continuous learning for sales teams, revealing that organizations embracing this approach are more likely to see higher performance, reduced turnover, and stronger engagement.
The study, based on responses from over 240 sales and sales enablement professionals across industries, including financial services, medical devices and pharmaceuticals, highlights critical continuous learning practices that set high-performing sales teams apart. The findings show that top-performing teams:
- Are 5.5 times more likely to use skill assessments to identify gaps.
- Are 2.9 times more likely to prioritize mentorship and coaching.
- Integrate learning directly into the flow of work, improving productivity and reducing time-to-ramp.
“This research confirms what we’ve long believed. Continuous learning isn’t just a competitive advantage; it’s essential for driving sales success in today’s dynamic environment,” said Deniz Olcay, VP of Marketing at Allego. “By embedding learning into daily workflows and leveraging technology, organizations can transform their teams into agile, high-performing units.”
The report highlights the role of technology in driving continuous learning, with top companies using modern sales enablement platforms to deliver personalized, just-in-time training. These platforms not only enhance sales skill development but also foster sales team alignment and improve knowledge retention.
Key Findings Include:
- Enhanced Retention and Productivity: Organizations with highly effective training programs are 4.9 times more likely to see faster time-to-productivity and significantly lower turnover.
- Mentorship as a Game-Changer: Sales teams prioritizing mentorship and coaching are nearly 3 times as likely to have effective training programs.
- Actionable Learning Insights: Companies leveraging data to tailor and measure their training programs achieve measurable improvements in performance and engagement.
“With only a third of companies achieving tangible results from sales training, there’s a significant opportunity to adopt a more effective approach,” said Erica Schultz, CMO of RAIN Group. “Our research identifies high-impact strategies that drive real change, deepen skill acquisition, and foster continuous improvement across sales teams. By seamlessly integrating onboarding with ongoing learning, organizations can lower turnover, shorten ramp-up times, and build well-prepared teams equipped for sustained success.”
The full research report offers a detailed roadmap for organizations to implement continuous learning strategies and elevate their sales performance. To access the report and learn how continuous learning can transform your sales organization, visit Allego.com.
About Allego
Allego is the leader in modern revenue enablement technology. With Allego, you’ll ready more confident teams, curate impactful content, and engage buyers effectively—all within a unified platform. What sets Allego apart is the company’s expertise in driving adoption across revenue teams to foster alignment and knowledge sharing in the flow of work. This results in up to 50% reduction in software spend, 50% shorter sales cycles, and 45% higher win rates, propelling revenue growth. Learn more about how Allego can transform your sales enablement into a growth-driving powerhouse at www.allego.com.
About RAIN Group
RAIN Group is an award-winning leader in sales transformation, with over 20 years of researching and enabling top sales performance. RAIN Group’s modular, multi-modal approach to sales training provides flexible and customizable solutions for complex global teams. Trusted by leading companies, RAIN Group partners with clients to ensure learning is adopted, creates lasting behavior change, and drives measurable results. Learn more at www.raingroup.com.
Allego Contacts:
Michelle Davidson
[email protected]
“Allego” is a registered trademark of Allego, Inc.
Logo – https://mma.prnewswire.com/media/2239482/5073093/Allego_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/allego-and-rain-group-unveil-groundbreaking-research-on-continuous-learning-and-sales-performance-302329233.html
Fintech PR
Luohu of Shenzhen: A Magnet for Global Investments
SHENZHEN, China, Dec. 12, 2024 /PRNewswire/ — Saint-Gobain Group, a global leader in lightweight and sustainable construction solutions, reinvested in the Luohu district of Shenzhen this year.
The French industrial giant, listed among the Global Fortune 500 companies, views Luohu as a strategic stronghold for expanding its business into South China and Southeast Asia, said Wang Huan, Chief Business Development Officer of Saint-Gobain Group Asia-Pacific, during a speech in Shenzhen in November.
“As the earliest developed district in Shenzhen, Luohu hosts a significant number of enterprises that align with Saint-Gobain’s building materials. It also serves as a crucial link to Hong Kong, playing a significant role in the future development and operation of the northern New Territories of Hong Kong,” Wang said.
An increasing number of companies, including Saint-Gobain Group, have been choosing Luohu as their investment destination, attracted by its geographic proximity to Hong Kong, strong industrial foundation, and improving business environment.
The district secured a total of 39 high-quality projects at the 2024 Shenzhen Global Investment Promotion Conference, held last week, with more than half of the signed projects coming from Fortune Global 500 companies, China 500 companies, listed firms, and “unicorn” investments. Over 60% of the projects are in cutting-edge sectors such as artificial intelligence, low-altitude aerospace, and life health.
In one of the projects, CCB Investment, one of the five financial asset investment companies in China, signed to found an energy fund in Luohu with China General Nuclear Power Group, specifically focusing on investment in upstream and downstream projects related to CGN’s nuclear industry and nuclear power business.
In another project, Chinese private aerospace company LandSpace will set up an aerospace operations center in Luohu, aiming to provide high-cost-performance and high-reliability space transportation services to the global market.
To better attract investments, the district government introduced the “Luohu Entrepreneur Rights Treasure Box” on the city’s special day for entrepreneurs on November 1st.
The services in the box include 137 offerings in 10 categories for enterprises and 26 in six categories for entrepreneurs. Each service is tailored to address the specific needs of businesses and entrepreneurs, reflecting a commitment to meeting their demands effectively.
“Our services for enterprises are heartfelt and services for enterprises are always on the way,” said Fan Defan, Party Chief of Luohu, at the “Entrepreneur Day” event.
Photo – https://mma.prnewswire.com/media/2579709/1212_1.jpg
View original content:https://www.prnewswire.co.uk/news-releases/luohu-of-shenzhen-a-magnet-for-global-investments-302330278.html
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