Fintech PR

oneZero announces three new Regulatory Vendors for post-trade data access

Published

4 years ago

April 27, 2021

oneZero, a global leader in multi-asset enterprise trading technology solutions, today announced three new post-trade Regulatory Vendors with direct access to oneZero’s Data Source data.

IHS Markit, TRAction and Tradefora today join other vendors already on the platform, including the previously announced partnerships with EMIREP, SteelEye and Point Nine. The news provides clients with more options for integrating with a vendor that best fits their regulating needs – which can mean using multiple vendors across jurisdictions at the same time.

Data Source is an agnostic cloud-based business intelligence toolkit, which unlocks clients’ trade, quote and quote derivative data in Data Source DNA, and turns it into meaningful business intelligence and opportunity analytics in Data Source Insights. Partner vendors in oneZero’s EcoSystem may access the same underlying neutral data from Data Source seamlessly, with no additional effort made by brokers.

oneZero CEO Andrew Ralich commented: “oneZero’s mission is to give our customers greater control throughout the entire trading lifecycle. By offering the widest-possible offering of post-trade Regulatory Vendors, we are giving customers the ability to seamlessly integrate with the vendor of their choice – no matter how their business changes or evolves to market conditions.”

“At IHS Markit, we aim to simplify and ease regulatory reporting using our single platform for multiple jurisdictions. Our clients will continue to enjoy a seamless, albeit enhanced integration between our two platforms. The integration with the oneZero EcoSystem will allow oneZero clients to use our best-of-breed services with no technical integration effort on their side,” said Ronen Kertis, Head of Global Regulatory Reporting at IHS Markit.

“TRAction is committed to the provision of seamless and simple regulatory reporting services, hence our decision to partner with oneZero. This partnership has expanded our access and reach to oneZero’s growing customer base, allowing oneZero clients to easily comply with their EMIR, MiFIR, Best Execution, ASIC, MAS and other reporting obligations via TRAction’s end-to-end reporting solutions,” commented Quinn Perrott, co-CEO, TRAction Fintech.

Pavel Khizhnyak, Co-Founder/CEO, Tradefora commented, “The right regulatory partner can significantly lower the burden of compliance. We are thrilled to be partnering with oneZero today. We build all our products around the concept of Best Execution, which can’t be done without the ease of access to the underlying data. Integration with oneZero Data Source greatly reduces the integration costs and deployment time of Tradefora’s solutions for oneZero customers.”

Up Next

Rockshield Enters Binding LOI to Acquire Three Plant-Based Companies

Don't Miss

iMining Announces Appointment of Khurram Shroff as Chair of the Board of Directors

Click to comment

Fintech PR

Binance Launches Fund Accounts – the First Crypto Exchange Solution Lowering the Entry Barrier to Crypto for Fund Managers

Published

11 minutes ago

April 24, 2025

CISION (PR Newswire)

binance-launches-fund-accounts-–-the-first-crypto-exchange-solution-lowering-the-entry-barrier-to-crypto-for-fund-managers

Mirrored on traditional finance account infrastructure, fund managers can now set up omnibus accounts on Binance to streamline investment trading strategies and focus on growth

DUBAI, UAE, April 24, 2025 /PRNewswire/ — Binance, the global blockchain ecosystem trusted by over 270 million users worldwide, today announced Fund Accounts, the first digital asset exchange technological solution for fund managers to facilitate pooling of their investors’ assets to streamline fund management operations and enhance trading efficiency. Powered by Binance’s robust account management infrastructure and technology, Fund Accounts reduces friction for fund managers with a new and efficient way to manage investor capital on the world’s largest cryptocurrency exchange by trading volume.

Mirrored on account infrastructure available in traditional finance, Binance Fund Accounts allows fund managers to consolidate externally-raised investor funds into one or multiple omnibus Fund Accounts based on their preferred trading strategies. This plug-and-play account infrastructure enables fund managers to operate with greater flexibility and efficiency, freeing them to focus on strategy execution to deliver for their investors. Until now, fund managers trading on crypto exchanges could only manage each of their investor’s assets individually in segregated trading accounts, limiting the managers’ ability to streamline and scale for performance as they usually do in traditional fund management.

Bringing TradFi user experience and trust to crypto asset management

Binance Fund Accounts introduce a universal net asset value (NAV) per unit concept widely used in TradFi to provide a clear and trackable profit-and-loss (PnL) for each fund and will address the lack of a common market standard in crypto asset management. The NAV per unit calculation will give transparency to fund managers and their investors, and also ensure that each respective investor is only able to withdraw the assets that they’re entitled to.

Fund managers will have trading capabilities over the fund accounts while deposits and withdrawals are limited to their investors, giving investors the confidence their assets are securely kept on Binance. This will foster trust in the growing crypto asset management sector and remove barriers for emerging fund managers to address counterparty risk concerns of investors.

Investors and fund managers would need to enter into a separate agreement regarding subscription and redemption, ensuring transparency and clarity in the asset management process. This framework is modeled after traditional finance to provide fund managers with more cohesive management of investor capital and reduces complexity, offering fund managers and their investors a TradFi-like user experience they are familiar with.

Head of Binance VIP & Institutional, Catherine Chen, says: “Fund managers are seeking efficient, scalable solutions to adapt their strategies to the ever-evolving crypto landscape. Binance Fund Accounts is a plug-and-play tool that lets fund managers streamline investment management, allowing them to focus on strategy execution and efficient capital deployment. Our technology solution empowers fund managers to offer a more seamless and flexible approach to digital asset management while ensuring that their investors can benefit from the security and deep liquidity Binance is known for. We are excited to continue leading the way in transforming how institutional clients engage with digital assets.“

Key benefits of Fund Accounts include:

Streamlined Portfolio Management: Fund Accounts significantly reduces the operational complexity associated with managing multiple accounts by consolidating investor assets into a single omnibus account. This enables fund managers to execute strategies more efficiently, reducing time and effort spent on individual account adjustments.
Flexibility in Strategy Execution: The flexibility to create multiple fund accounts allows managers to deploy different trading strategies tailored to each fund while maintaining an efficient, centralized structure for all investor assets. This enables fund managers to focus on strategic decision-making rather than operational overhead.
Investor Diversification: With the functionality of setting up multiple fund accounts, fund managers can attract a variety of investors based on their risk appetite and thus set up fund accounts with tailored trading strategies accordingly.
Net Asset Value (NAV) Per Unit standard: Fund Accounts introduces a universal NAV per unit concept widely used in TradFi to provide a clear and trackable PnL for each fund, setting a common standard for the crypto asset management market. The NAV per unit standard provides transparency for both fund managers and their investors, makes it easier for managers to communicate fund performance, and enables the calculation and tracking of each investor’s entitlement in each investment fund.
Foster Trust between Fund Managers and Investors: Binance’s robust account management infrastructure ensures investors’ assets are securely kept on the world’s largest crypto exchange, while enabling fund managers flexibility and scalability in their trading execution and operations. This will cultivate trust in the growing crypto asset management sector and remove barriers for emerging fund managers to compete.
Business Growth and Scaling: Fund managers can now effectively scale up their fund size exponentially without incurring incremental operational costs as the funds are pooled for efficient management and execution. This addresses a long-standing pain point for fund managers when investing in digital assets, given that it is difficult and expensive to scale when managing multiple segregated accounts.

Binance continues to lead the market in meeting demand for solutions that bridge the gap between crypto and TradFi for institutional users. Other first-in-market solutions pioneered by Binance include banking triparty to address counterparty risk concerns, and Binance Wealth which enables wealth managers to support their high-net-worth clients’ crypto journey.

Disclaimer: The products and services referred to herein may be restricted in certain jurisdictions or regions or to certain users, in accordance with applicable legal and regulatory requirements. These materials are intended only for those users who are permitted to access and receive the products and services referred to and are not intended for users to whom restrictions apply. Binance offers the Fund Account function as a purely technological solution to meet the needs of fund managers and investors. Binance is not a party to any contract entered into between the fund managers and investors. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. Past performance is not a reliable indicator of future performance. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.

About Binance

Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 270 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means.

For more information, visit: https://www.binance.com

About Binance VIP & Institutional

Binance VIP & Institutional empowers institutions and private wealth clients with robust asset management infrastructure, personalized VIP services and advanced end-to-end institutional trading tools on the world’s largest cryptocurrency exchange by trading volume and registered users. With deep financial services experience in both traditional and crypto markets, its global team of trusted experts provides VIP & Institutional clients with the support they need to confidently capitalize on the industry’s deepest liquidity and tightest markets.

For more information, visit: https://www.binanceinstitutional.com

Logo – https://mma.prnewswire.com/media/1773650/Binance_Logo_Yellow_4x_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/binance-launches-fund-accounts—the-first-crypto-exchange-solution-lowering-the-entry-barrier-to-crypto-for-fund-managers-302437234.html

Fintech PR

AKI sets the stage for continued growth with next-generation fulfilment centre

Published

11 minutes ago

April 24, 2025

CISION (PR Newswire)

aki-sets-the-stage-for-continued-growth-with-next-generation-fulfilment-centre

The facility in Dubai Industrial City quadruples AKI’s fulfilment capacity for serving global and regional partners, with capacity to handle +1.5 million units per day
AKI’s end-to-end, in-house capability enables it to meet ever-increasing customer expectations across multiple sectors – from healthcare to FMCG, retail, and beyond
The centre is envisioned to be a contributing force in Dubai’s Economic Agenda “D33”, enhancing the advantages gained from Dubai’s strategic location and infrastructure

DUBAI, UAE, April 24, 2025 /PRNewswire/ — Building on an entrepreneurial spirit spanning more than four decades, Al Khayyat Investments (AKI) has inaugurated a state-of-the-art Fulfilment & Innovation Centre in Dubai Industrial City, part of TECOM Group PJSC, that will serve as a cornerstone for the company’s continued regional expansion.

The 1 million sq ft facility not only quadruples AKI’s fulfilment capacity but also raises the benchmark for agile, sustainable supply chain operations in the UAE. It already handles over half a million units per day, with the capacity to scale up to one and a half million units. The site also includes provisions to expand by nearly 200,000 sq ft in the near future. The centre will serve more than 30,000 business customers, as well as support home delivery services for consumers across the UAE who enjoy AKI’s retail and e-commerce offerings.

The centre builds on the goals set out in the Dubai Economic Agenda (D33) to capitalise on Dubai’s strategic location and advanced infrastructure to raise the city’s status as a preferred destination for major international companies and investments. Recently, the UAE has set out fresh plans to strengthen the country’s position as a leading hub for global trade and raise the value of its logistics sector to beyond AED200 billion annually over the next seven years.

A privately held Emirati holding company, AKI has continuously expanded its supply chain infrastructure over more than four decades. The company’s end-to-end, in-house capability enables AKI to meet ever-increasing customer expectations across multiple sectors including pharmaceuticals, medical and laboratory equipment, retail, food and non-food consumer goods, fitness, automotive, environmental services, contracting, and more.

Zaid S. Al Khayyat, Managing Director of AKI, notes: “AKI was founded on a spirit of smart agility and entrepreneurial energy. This new Fulfilment & Innovation Centre carries forward these values as we aspire to seize new opportunities over the coming decades. Yet this facility is not just about enhancing our own operations. It is a strategic investment that creates long-term value for our partners and customers, while contributing to the UAE’s future-focused economy. Above all, it represents the power of our people driving our business forward every day.”

“Dubai Industrial City is proud to be the home of AKI’s new fulfilment centre,” says Saud Abu Alshawareb, Executive Vice President – Industrial at TECOM Group PJSC. “Our district’s proximity to Jebel Ali Port, Al Maktoum International Airport, and an Etihad Rail freight terminal enables connectivity for Al Khayyat Investments’ new fulfilment centre and sets it up for long-term success. Home to more than 1,100 manufacturing champions and 350 operational factories, Dubai Industrial City is committed to supporting such strategically significant projects, in line with Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda ‘D33’.”

Samer Sabri, Group Chief Supply Chain Officer at AKI, adds: “This facility is a testament to the extraordinary teams within AKI who embrace diverse thinking to push boundaries, do more, and set the benchmark in supply chain excellence. The facility will truly redefine AKI’s position within the UAE market, ensuring swifter and more efficient distribution capabilities for our growing business ecosystem.”

The centre’s design reinforces how AKI is leading the way in digital transformation and sustainability within supply chain operations. Cutting-edge technologies and smart processes are set to increase AKI’s supply chain and fulfilment productivity. With excellent connectivity to major transport and logistics networks, the facility allows for unrestricted movement of cargo to and from all major ports, Etihad Rail cargo terminal, as well as the eagerly anticipated expansions to Maktoum International Airport.

Photo: https://mma.prnewswire.com/media/2672446/AKI_fulfilment_centre.jpg

View original content:https://www.prnewswire.co.uk/news-releases/aki-sets-the-stage-for-continued-growth-with-next-generation-fulfilment-centre-302437263.html

Fintech PR

10% Rebate: Bybit Card Introduces USDC Cashback

Published

1 hour ago

April 24, 2025

CISION (PR Newswire)

10%-rebate:-bybit-card-introduces-usdc-cashback

DUBAI, UAE, April 24, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, now offers cashback in both of the dominant USD-denominated stablecoins for Bybit Card holders. With the introduction of USDC cashback in addition to USDT, BTC, and ecosystem partner token AVAX, Bybit Card holders may now earn rewards in a cryptocurrency of their choice through daily spendings.

Starting Apr. 18, Bybit Card holders will be able to diversify their cashback earnings into USDC. Once approved, new users will receive a virtual card compatible with Apple Pay or Google Pay, and be invited to choose a default cashback option on the Card Rewards page after logging in.

Depending on the cardholder’s VIP level, they may receive up to 10% or $150 in cashback for eligible spending.

One of the most popular stablecoins worldwide, USDC is a game-changing financial innovation with standout features:

Stable: Fully backed by cash and cash-equivalent assets, always redeemable 1:1 for USD.
Frictionless: USDC can be moved across borders with instant finality at minimal cost.
Open: Available 24/7, making it easy to send, spend, or save anytime.

“The Bybit Card is about crafting an inclusive experience for our diverse customers. The introduction of the USDC cashback option is tailored for cardholders prioritizing stable returns, and we are looking to expand the range of rewards as the Bybit Card continues to grow,” said Joan Han, Head of the Payment Business Unit at Bybit.

With more than 1.7 million cards issued globally, the Bybit Card offers a nimble solution for users to top up, spend, and earn yield and rewards, with their digital assets. Bybit Card holders are swipes away from their payment and spending needs with the virtual or physical card, accessible anywhere within the global Mastercard network.

Key Features of the Bybit Card:

Instant virtual card: users will get a versatile card instantly, compatible with Apple Pay and Google Pay.
Crypto convenience: spending in crypto, and cash withdrawals from any ATM worldwide that supports Mastercard for added convenience with the physical card.
No annual fees and up to 8% APY and 10% cashback
Year-round perks: 100% rebates on selected partners including Netflix and ChatGPT, plus air lounge access, early-bird access to Tomorrowland Brasil 2025, and seasonal benefits
Multi-asset support: USDC, USDT, BTC, ETH, AVAX, and more.

Restrictions apply. Users may find out more about the Bybit Card, regional rewards, and eligibility: Bybit Crypto Card: Your Ultimate Crypto Debit Card.

#Bybit / #TheCryptoArk / #TheBybitCard

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media