Fintech PR
ACX partners with EcoRegistry and Cercarbono to promote carbon offsetting through the use of technology and innovation
ABU DHABI, UAE, SINGAPORE and MEDELLIN, Colombia, July 11, 2023 /PRNewswire/ — ACX (formerly AirCarbon Exchange) has joined forces with EcoRegistry and Cercarbono to help evolve the Voluntary Carbon Market, making carbon offsetting accessible and seamless for all. This dynamic partnership combines ACX’s expertise in exchange operations with EcoRegistry’s cutting-edge registry platform and Cercarbono’s role as a pioneering carbon credit standard setter.
William Pazos, Co-CEO and Co-Founder of ACX, said, “Together, we are transforming the carbon offset landscape, bringing innovation and technology to the forefront”.
Among the many benefits, the partnership will allow ACX clients representing 31 different countries to purchase and retire Cercarbono’s carbon credits held under EcoRegistry, while taking advantage of the use of interconnectivity to facilitate trades.
Juan David Durán Hernández, CEO of EcoRegistry, emphasized, “Our partnership empowers individuals and companies worldwide to contribute to carbon offsetting on a global scale”.
There is also the potential to develop a broader understanding of the use of carbon credits to pay regional carbon taxes, drawing on Cercarbono’s knowledge gained from its close involvement with Colombia’s approach to this growing area. While Colombia may have been the one of the first few countries to allow carbon credits to be used as payment for environmental taxes, others are certain to follow, with Singapore announcing a similar move last year.
Alex Saer, CEO of Cercarbono, highlighted the benefits of tax collaboration, stating, “This strategic alliance unlocks new avenues for utilizing carbon credits and encourages environmentally conscious practices through taxation systems.”
The other key area of mutual benefit is the widening of the respective companies’ client base via cross-referrals with project developers seeking to apply Cercarbono’s standards to establish carbon credits on EcoRegistry and know they have a clear route to market via ACX’s platform. The three-way collaboration between a registry, a standard setter and an exchange also has the potential to dramatically expand the membership of ACX’s exchanges globally.
More broadly, this latest partnership in a very active year for ACX, highlights the role the group sees itself playing as the bridge between the compliance and voluntary carbon markets. This strategic alliance empowers companies to cultivate confidence and trust in the value of the projects they aim to acquire credits from. As a result, the traded volume of credits generated by these carbon projects increases, creating a more financially incentivized landscape for developers to continue to invest in these environmentally crucial schemes. This momentum encourages a greater number of companies to leverage carbon credits, effectively offsetting their environmental taxes and contributing to a more sustainable and responsible business ecosystem.
Together, ACX, EcoRegistry, and Cercarbono are reshaping the voluntary carbon markets, championing sustainability, and forging a path toward a greener future.
About the ACX Group:
The ACX (formerly AirCarbon Exchange) Group, including ACX Ltd and AirCarbon Pte. Ltd. which operate environmental exchanges in Abu Dhabi and Singapore respectively, caters to corporate entities, financial traders, carbon project developers and other industry stakeholders. ACX provides participants with an efficient and transparent trading platform that is user-friendly, seamless and offers the lowest transaction fees in the market. Leveraging distributed ledger technology, ACX facilitates the scalable growth of the environmental product markets to align with global ambitions of achieving Net Zero.
ACX is proud to be a member of the International Emissions Trading Association (IETA) and the International Sustainability and Carbon Certification (ISCC), further enhancing its commitment to sustainability and responsible trading practices for carbon and other environmental products. ACX has garnered international recognition as the Best Carbon Exchange globally in Environmental Finance’s esteemed Voluntary Carbon Market Rankings for two consecutive years (2021, 2022), solidifying its position as a leader in the industry.
For more information, please contact [email protected] or visit www.acx.net.
About EcoRegistry:
EcoRegistry is a company that aims to boost the implementation of solutions towards a sustainable development through technology.
Having achieved the landmark of being the first blockchain-based carbon credit registry, the company is continuing to develop new solutions to create positive impact, new opportunities for its clients and build trust in the market.
For more information, visit: https://www.ecoregistry.io/
About Cercarbono:
Cercarbono is a certified carbon standard with a voluntary carbon certification programme that facilitates and guarantees the registration of Climate Change Mitigation Programmes or Projects (CCMPs), the certification of emissions, and the registration of the carbon credits generated by these initiatives.
The company’s mission is to promote and support the development of initiatives in different economic sectors to mitigate climate change and strengthen the dynamics of the carbon market. Ultimately, it is seeking to be a voluntary carbon certification standard with international recognition and leadership, identified for offering security and transparency in its processes and services.
For more information, visit: https://www.cercarbono.com/
View original content:https://www.prnewswire.co.uk/news-releases/acx-partners-with-ecoregistry-and-cercarbono-to-promote-carbon-offsetting-through-the-use-of-technology-and-innovation-301873801.html
Fintech PR
WSPN Partners with Viction and Ninety Eight Ecosystem to Boost WUSD Adoption and Expand Market Reach
SINGAPORE, Nov. 5, 2024 /PRNewswire/ — Worldwide Stablecoin Payment Network (WSPN) is excited to announce a strategic partnership with Viction, a global Layer-1 blockchain that empowers builders at every level through accessible and scalable infrastructure, along with holistic guidance. In collaboration with the Ninety Eight (formerly known as Coin98) ecosystem, this partnership aims to expand WUSD’s reach, strengthening its role as a stable and accessible digital asset across the evolving Web3 landscape. Together, WSPN, Viction, and Ninety Eight will enhance interoperability, boost liquidity, and drive local market adoption, with a strong focus on growth in emerging markets.
Expanding WUSD as a Native Stablecoin on Viction
WSPN will deploy WUSD natively on Viction, supporting integration across Web3 applications and enhancing liquidity for users and developers. With WUSD as a core asset, Viction’s ecosystem will foster secure, stable transactions, empowering dApps, protocols, and platforms with increased interoperability and cross-chain functionality.
Market Expansion, CEX Listings, and Joint Community Outreach
To expand WUSD’s presence in Vietnam, Viction will tap into its resources alongside the Ninety Eight ecosystem to drive local adoption through strategic partnerships and collaborative community outreach. Listing WUSD on major centralized exchanges will increase accessibility, reaching a broader audience. This joint effort benefits both WSPN and Viction, with WUSD enhancing visibility for Viction’s technology and ecosystem, while Viction’s strong local network and Ninety Eight’s established connections boost WUSD’s growth. Through initiatives like webinars, ambassador programs, and developer workshops, the partnership will engage the community and build a lasting foundation, fostering an understanding of both WUSD’s value and Viction’s strengths.
Collaborative Responsibilities and Support
WSPN will oversee WUSD’s deployment on Viction and foster collaborations within its ecosystem, while Ninety Eight and Viction will support liquidity management, integrating WUSD into the Coin98 Super Wallet and strengthening infrastructure to ensure effective interoperability. Marketing initiatives led by WSPN and Viction will drive awareness and engagement for both ecosystems, reaching institutional audiences and building lasting adoption across the region.
Together, WSPN, Viction, and Ninety Eight are setting a new standard for collaboration in the Web3 space: Uniting technology, community, and accessibility to create a robust ecosystem. By empowering local markets and driving sustainable growth, this partnership is paving the way for a more inclusive, innovative blockchain future. The journey is only beginning, and the potential is limitless.
About WSPN
WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users. WSPN ‘s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.
Learn more: www.wspn.io | X | LinkedIn
About Viction
Viction is a global layer-1 blockchain that empowers builders at every level, provides both the foundation and enhancements necessary for projects to achieve stability and soar to their higher selves.
Viction provides seamless interoperability, scalability, flexible development, zero gas fees, enhanced security, and speed to enable builders with tech capabilities.
Beyond technical advantages, Viction offers holistic guidance through consultation, resources, funding, and strong network connections to foster project growth.
About Ninety Eight
Ninety Eight is an ecosystem of innovation companies with a shared mission to enable and empower human potential. They found and fund blockchain companies that make Web3 accessible for everyone.
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Robust performance in challenging markets; volumes stabilising
ZURICH, Nov. 5, 2024 /PRNewswire/ —
- Revenues -5% yoy organic TDA, -3% yoy organic, a solid result given market conditions, high comparison base; volumes stabilising
- By GBU, Adecco -5%, with good results across Asia, Iberia, EEMENA, LatAm outweighed by challenging markets, particularly in France, US; Akkodis -5%, with Consulting +2%; LHH -7%, with Recruitment Solutions stable qoq
- Resilient 19.4% gross margin, sequentially flat, reflecting lower volumes, current business mix, firm pricing
- SG&A expenses improved to €925 million, -5% yoy, with G&A -10% yoy and at 3.2% of revenues
- Robust 3.3% EBITA margin, reflecting strong G&A savings, selective protection of sales and delivery capacity
- Operating income €162 million; Net income €99 million; Basic EPS €0.59; Adjusted EPS €0.68
- Operating cash flow +€121 million, weighed by timing differences; Free cash flow +€117 million YTD, higher yoy
- Continued delivery of Simplify-Execute-Grow agenda:
- G&A savings run-rate end-24 lifted to €171 million
- Reprioritised IT/digital plan: accelerating AI adoption, expanding Global Delivery to improve fill rates, time-to-fill
- Strong track record of market share gains; relative revenue growth, reported, +850 bps since introduction of Simplify-Execute-Grow (Q3 22), and +290 bps YTD
Denis Machuel, Adecco Group CEO, commented:
“We continue to successfully deliver on our Simplify, Execute, Grow plan and third quarter performance was robust, against a high comparison base. The macroeconomic environment remains challenging, but I am encouraged to see that volume trends have stabilised.
We made further G&A savings in the quarter, allowing us to lift the year-end run-rate. We have reprioritised our IT/digital plans to accelerate AI adoption, and to expand Global Delivery to our top 25 customers. This will boost recruiter productivity and improve fill rates and time-to-fill, supporting profitable growth. We remain focused on capturing market share, building on strong progress over the last two years, and have positioned resources to capture growth opportunities as the market recovers.”
Webcast Details | Investors & Analysts
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Strategic launch to cater to the growing demand for luxury real estate across Asia-Pacific
HONG KONG, Nov. 5, 2024 /PRNewswire/ — DAMAC International, a global leader in luxury real estate, has officially opened its new office in Hong Kong, marking its third office in the Asia-Pacific (APAC) region. This expansion is part of DAMAC’s broader vision to strengthen its presence in one of the world’s fastest-growing regions, renowned for its rapid investment growth. The Hong Kong office is a strategic gateway to the APAC market. It allows DAMAC to better serve its expanding clientele by offering direct access to its prestigious properties in Dubai and other international locations, such as London and Miami.
The Hong Kong office will provide investors across the region access to personalised services, offering exclusive insights into DAMAC’s luxury residential towers, branded residences, and lifestyle communities. As demand from the APAC region continues to rise, DAMAC is poised to offer high-end real estate investment opportunities that cater to the needs of discerning clients.
Talking about the opening, Abbas Sajwani, Board Member, DAMAC International, stated: “This is yet another milestone in our expansion into the APAC region. The new office will allow us to be closer to our clientele. It is a testament to our belief in the region’s potential and commitment to providing top-tier investment opportunities in luxury development.”
By establishing this new office, DAMAC continues positioning itself as a leading player in the global real estate market. It further strengthens its ability to connect with clients to provide unparalleled luxury investment opportunities for long-term value.
About DAMAC International
DAMAC International has been at the forefront of the Middle East’s luxury real estate market since 2002, delivering award-winning residential, commercial and leisure properties across the region and internationally, including in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Iraq, the Maldives, Canada, the United States, as well as the United Kingdom.
Since then, the company has delivered more than 47,000 homes with over 40,000 more in diverse planning and development phases. Joining forces with some of the world’s most eminent fashion and lifestyle brands to create tremendous living experiences, such as with Versace, Roberto Cavalli, or de GRISOGONO. With a consistent vision and momentum, DAMAC is building the next generation of luxury living across the globe.
Live the Luxury.
Visit us at www.damacgroup.com
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