Fintech PR
Ledger Vault Enters Into Agreement with YouHodler To Protect and Secure Funds
Ledger, the global leader in security and infrastructure solutions for critical digital assets and blockchain applications, has announced that YouHodler, a FinTech platform and crypto-backed loan service provider, has selected Ledger Vault, the multi-authorization digital asset wallet management solution, to be implemented across its platform, offering users an added layer of security and safety.
YouHodler, an EU and Swiss-based company, will adopt Ledger’s high standards for liquidity management by integrating Ledger Vault’s unparalleled digital asset management system into its lending platform to add an additional layer of security for its users in a simple and safe manner. Ledger Vault will provide the security infrastructure to protect YouHodler’s customers and their digital assets.
The incorporation of Ledger Vault will serve YouHodler’s need to provide its users protection for their cryptocurrency assets. In addition, branded Ledger Nano devices will also be offered to a population of users. Ledger Vault’s technology, unlike that of traditional custodial solutions, enables platforms to build highly secure, multi-signature governance rules while ensuring liquidity within the platform is maintained at an optimal level on a 24/7 basis. The Vault technology creates a secure, flexible, and agile environment that will enable YouHodler users to secure their crypto-assets on the Ledger Vault platform, while leveraging the company’s offering of fiat loans backed by crypto-assets.
As a company that started in 2018 with a focus on providing improved crypto-backed lending solutions, YouHodler strives to safely store crypto as collateral on their platform by leveraging traditional fiat loans, in addition to offering products such as, crypto savings accounts where users can earn up to 12% APR on deposits, crypto wallets for storage, an integrated crypto exchange to quickly convert fiat, crypto, and stablecoins, and asset multiplication tools like Multi HODL and Turbo Loans. Those utilizing the YouHodler platform will be comforted by Ledger’s reputation for safety. All Ledger Vault customers including YouHodler benefit from the Vault platform’s custom $150 million pooled crime insurance.
“Client safety, efficiency, and convenience are YouHodler’s primary concern and with our new Ledger Vault partnership, we can proudly say we have these concerns fully covered by one of the best in the industry,” said Ilya Volkov, CEO at YouHodler. “With these additional layers of security, our users can explore YouHodler like never before, taking full advantage of our crypto savings accounts, instant crypto-backed loans, and our trading/crypto multiplication suite for their complete benefit. I’d like to personally thank those at Ledger Vault for this terrific opportunity for our business and our community and I’m looking forward to a long and fruitful relationship with this innovative team.”
“Ledger Vault continues to expand operations in the competitive DACH market, given the fact that we perform at the high standards that the region has come to expect when it comes to security. Our customers can rest assured that their security is our number one priority,” said Alexandre Lemarchand, Vice President, Global Sales, Ledger. “By partnering with Ledger Vault, YouHodler’s users can take advantage of that commitment to security, all while receiving a peace-of-mind and an added layer of safety and insurance against the threats from hackers—something that is prevalent in the cryptocurrency space.”
Ledger Vault, an enterprise infrastructure technology platform, brings the security and trust that the crypto community has come to know from the company’s industry-leading and independently certified hardware wallets. Vault is a multi-authorization, governance infrastructure, secure solution with a tailored crime insurance program for the management of crypto assets that was specifically engineered with the needs of clients like YouHodler in mind.
GENEVA, Nov. 4, 2024 /PRNewswire/ — Swiss private banking group CBH Compagnie Bancaire Helvétique announces the appointment of Enid Yip as the new CEO of its subsidiary CBH Asia. Mrs Yip will also lead the Asia Regional Committee. Based in Hong Kong, CBH Asia is a key part of the Group’s strategic commitment to expand its presence in the region.
Concurrently, Patrick Wong, who has overseen the Asia business since 2017, has been appointed Deputy Chief Executive Officer. Mr Wong will continue to manage Operations, Regulatory and Compliance, and IT, while Mrs Yip will focus on enhancing the firm’s client offering and driving business development in line with the Group’s long-term strategy for Asia. With its entrepreneurial approach and exclusive and bespoke investment offering, CBH Asia offers compelling advantages to clients and relationship managers in the region.
A seasoned executive, Mrs Yip brings over 25 years of experience in successfully growing wealth management institutions in Asia. Most recently she was with LGT. Prior to that, she was a Member of the Board at Bank J. Safra Sarasin, having previously served as their Chief Executive Officer, Asia, overseeing the bank’s expansion in the region. Earlier in her career, Mrs Yip held various senior positions in the private banking industry.
Simon Benhamou, CBH Bank Chief Executive Officer said: “We are delighted to welcome someone of Enid’s calibre to lead CBH Asia. Her extensive experience and strong leadership will be instrumental in furthering our growth in key Asian markets. Our people are our greatest asset and with Enid’s strong commitment to our core values of entrepreneurship and teamwork, we are confident that she will further strengthen CBH Asia’s success. We extend our best wishes to Enid on her appointment.”
Mrs Yip said: “I am delighted to be joining a Group that fosters an environment where we can achieve great results by pursuing excellence with creativity. I am determined to expand CBH’s footprint in the region, building on our established expertise and maintaining our long-term vision of adding value for both clients and stakeholders.”
About CBH | Compagnie Bancaire Helvétique
CBH Compagnie Bancaire Helvétique is a family-owned Swiss banking group founded in 1975. Headquartered in Geneva, the Group currently counts close to 309 professionals in 10 locations around the world. As of December 31st, 2023 client assets totaled CHF 14.3 billion and the Group’s Tier 1 ratio was 43%, placing it among the best capitalized banks in Switzerland compared to its peers.
CBH Group provides wealth management services to private and institutional clients, as well as several complementary business lines, including family office solutions, asset services & structuring, exclusive private markets expertise, and bespoke daily banking and card solutions.
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The November editions of FinTech Magazine & InsurTech Digital includes interviews with leading experts and executives from
LONDON, Nov. 4, 2024 /PRNewswire/ — BizClik, the UK’s fastest-growing publishing company, has released the latest editions of FinTech Magazine and InsurTech Digital These publications are highly regarded by voices within the Financial Sector for their in-depth reports and interviews with prominent figures in the industry.
FinTech Magazine
This month’s edition features an exclusive lead interview with Lloyds Banking Group CIO, Amit Thawani as it undertakes a huge transformation to meet its 27 million customers evolving needs.
“At Lloyds Banking Group it’s all about people. Our people can make a real difference to the UK population who are not prepared for their tomorrow “
The edition also contains extensive interviews with key thought leaders from Coupa, TerraPay and more. Plus the Top 10: Largest Firms involved in Financial Services,
You can visit FinTech Magazine for daily news and analysis of the ever-changing financial industry.
InsurTech Digital
This month’s edition features an exclusive lead interview with Qover CEO Quentin Colmant on how AI will ‘reshape how we create value’
“Each decision has felt monumental, with no guaranteed outcomes, but this unpredictability has been incredibly rewarding”
The edition also contains extensive interviews with key thought leaders from Lloyds Banking Group, Kin Insurance and more. Plus the Top 10: Insurance Products of 2024
You can visit InsurTech Digital for daily news and analysis of the ever-changing financial 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 our website.
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PARIS, Nov. 4, 2024 /PRNewswire/ — Dechert has advised Poxel (Euronext: POXEL), a clinical-stage biopharmaceutical company, on its non-dilutive financing agreement with OrbiMed for US$50 million. This transaction monetizes a portion of Poxel’s future royalties and sales-based payments from TWYMEEG® sales by Sumitomo Pharma in Japan.
The financing is set to bolster Poxel’s strategic initiatives in rare diseases, reduce its debt and support general corporate purposes. The deal underscores the significant value of TWYMEEG® in Japan and strengthens Poxel’s financial position.
Poxel is listed on Euronext Paris, developing innovative treatments for chronic serious diseases with metabolic pathophysiology, including non-alcoholic steatohepatitis (NASH) and rare metabolic disorders. OrbiMed is a leading healthcare investment firm dedicated to accelerating innovation in the biopharmaceutical industry.
The Dechert team that advised Poxel includes corporate and securities partners Patrick Lyons and David Rosenthal; global finance partner Privat Vigand; intellectual property partner Olivia Bernardeau-Paupe; global finance partner Sarah Milam; tax partner Sabina Comis; and associates Etienne Bimbeau, Pierre-Emmanuel Floc’h, Chloe Lebret, Julie Lecomte, Vianney Toulouse and Yasmin Yavari.
About Dechert
Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients’ rights in extreme situations. Our nearly 1,000 lawyers across 20 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.
View original content:https://www.prnewswire.co.uk/news-releases/dechert-advises-poxel-on-us50-million-non-dilutive-financing-agreement-with-orbimed-302295559.html
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