Fintech PR
FalconX and CF Benchmarks Partner to Create Institutional-Grade Derivatives Contracts
Collaboration revolutionizes the cryptocurrency industry by providing
unprecedented access to regulated derivative instruments
LONDON, July 18, 2023 /PRNewswire/ — FalconX, the most reliable digital assets prime brokerage for the world’s leading institutions, is releasing the only crypto derivatives offered by a CFTC-regulated swaps dealer. These contracts are settled against indices administered by CF Benchmarks, the FCA regulated cryptocurrency index provider.
The contracts offer regulated access to the crypto derivatives market, via swaps, options and non-deliverable forwards (NDFs) that settle to single asset reference rates provided by CF Benchmarks.
The contracts provide exposure to bitcoin settled against the CME CF Bitcoin Reference Rate, and to ether settled against the CME CF Ether-Dollar Reference Rate. FalconX is also offering a range of derivatives products, settled against regulated CF Benchmarks single asset reference rates, so clients can gain exposure to other leading cryptocurrencies.
“Derivatives benchmarked against resilient and regulated indices are the primary route institutions take to gain exposure to the crypto asset class,” said Sui Chung, CEO of CF Benchmarks. “We are delighted that FalconX will provide exposure to a host of digital assets through our market-leading benchmarks, including the CME CF BRR. This will encourage further activity in the fastest-growing area of institutional finance today.”
CF Benchmarks is a key part of the crypto market’s infrastructure. Its indices have settled the regulated crypto derivatives contracts from CME since launch in 2017. Through the use of the same spot reference source, FalconX clients can tap into the liquidity complex around the CME CF BRR, that includes the most liquid regulated instruments such as the CME crypto futures and ETFs listed in multiple jurisdictions. This development is poised to have a profound impact on the way institutional investors interact with digital assets, ultimately driving increased adoption and growth within the sector.
By offering a suite of benchmarked derivatives contracts, FalconX and CF Benchmarks are addressing the growing demand for secure and transparent investment products in the rapidly expanding digital asset space. Institutional investors can now confidently gain exposure to cryptocurrencies, knowing they are backed by a regulated and reliable infrastructure. The integration of these benchmark indices into FalconX’s offerings will enable clients to efficiently manage risk and seize opportunities in the burgeoning world of digital finance.
As well as enhancing overall market stability and fostering trust among institutional investors, this partnership paves the way for future innovations in the crypto derivatives landscape. As more institutions embrace digital assets, the collaboration between FalconX and CF Benchmarks will prove instrumental in shaping the trajectory of the industry, ultimately spurring further advancements in technology, regulation, and product offerings.
“Regulated derivatives are critical instruments for institutional investors to safely access digital assets,” said Baris Cetinok, Chief Product Officer of FalconX. “We are proud to be able to deliver the industry’s best in class regulated derivatives offering – purpose built for the world’s leading institutional investors.”
The partnership between FalconX and CF Benchmarks signifies a major milestone in the evolution of the digital asset ecosystem. By equipping clients with the tools and resources required to navigate the ever-changing cryptocurrency landscape, this alliance sets a new standard for transparency, reliability, and innovation in the world of institutional finance.
To learn more about these or other derivatives products offered through FalconX, click here.
About FalconX
FalconX is the largest, most reliable prime brokerage for the world’s leading institutions. We provide the most comprehensive access to the deepest global digital asset liquidity. Through our prime brokerage platform, FalconX 360, investors unlock and scale returns faster and more efficiently than any other platform. Our 24/7 dedicated team for account, operational and trading needs enables investors to navigate dynamic markets around the clock.
The company is backed by investors including Accel, Adams Street Partners, Altimeter Capital, American Express Ventures, B Capital, GIC, Lightspeed Venture Partners, Sapphire Ventures, Thoma Bravo, Tiger Global Management and Wellington Management. FalconX has offices in Silicon Valley, New York, Chicago, Bengaluru, Singapore and Malta. For more information visit falconx.io or follow them on Twitter and LinkedIn.
FalconX Media Contact
[email protected]
About CF Benchmarks
CF Benchmarks is the leading provider of cryptocurrency benchmark indices and is authorized as a registered Benchmark Administrator (FRN 847100) under the UK Benchmarks Regulation (UK BMR). Its benchmark indices are composed of market data from six constituent exchanges and provided through public methodologies and transparent governance, for tracking, valuing and settling risk in cryptocurrency products and services.
CF Benchmarks’ indices underpin 99% of the regulated crypto derivatives market, including all crypto derivatives offered by CME Group and equating to over $550bn of cryptocurrency derivative contracts listed for trading by CME Group and Kraken Futures combined.
CF Benchmarks indices are also used by major asset managers such as BlackRock, Evolve ETFs and Hashdex, to benchmark and value regulated investment funds; and in OTC offerings from major providers like Cumberland and B2C2. Additionally, the indices are integrated into some of the largest crypto products in terms of AuM.
CF Benchmarks Media Contact
[email protected]
“FalconX” is a marketing name for FalconX Limited and its subsidiaries. FalconX offers derivatives products out of subsidiaries Bravo, Golf, and Solios. For information about which legal entities offer trading products and services in your jurisdiction, if you are considering entering into a derivatives transaction, or would like more information, please reach out to your Sales or Trading representative.
Solios, Inc. is registered as a federal money services business with FinCEN. FalconX Bravo, Inc. is provisionally registered with the U.S. Commodities Futures Trading Commission (CFTC) as a swap dealer. Neither FalconX Limited, FalconX Bravo, Inc., nor Solios, Inc. are registered with the Securities & Exchange Commission or the Financial Industry Regulatory Authority.
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Fintech PR
Promoting Taiwan’s Higher Education: Delegation Participates in the 2024 EAIE Conference in France
TAIPEI, Sept. 18, 2024 /PRNewswire/ — The European Association for International Education (EAIE) held its 2024 annual conference in Toulouse, France from September 17 to 20. Dr. Cheng-Chih Wu, chairperson of the Foundation for International Cooperation in Higher Education of Taiwan (FICHET), led a delegation of more than 50 participants from 21 universities to participate in the conference. Mei-Chen Lu, Education Division Director of the Taipei Representative Office in France, along with Lih-Tien Hsu, secretary of the Education Division, welcomed the delegation and discussed opportunities for research and education cooperation in France.
Wu stated that this year marked the 34th anniversary of the EAIE Conference and Exhibition, a quintessential higher education event in Europe. This year’s theme was “En route!” (French for “Go!”), a powerful call to educators from all over the world. The conference saw more than 6,500 representatives from universities and research institutions participating in more than 240 events.
According to Wu, Taiwan is a key partner of the European Union in Asia, with close cooperation in the areas of human rights, gender equality, social issues, climate change, education, and cultural events. In 2023, Taiwan’s Ministry of Education (MOE) launched a program that aims to boost enrollment and retention of international students, with a five-year budget of USD160 million. Under this program, the University Academic Alliance in Taiwan, formed by 12 Taiwanese universities, will seek to strengthen partnerships with five university alliances in Europe, the U.S., and Japan. Through the Horizon Europe initiative and the Jean Monnet Project, Taiwan and the EU forge strong partnerships for international research.
MOE statistics shows nearly 7,300 European students are studying in Taiwan in 2024, with more than 80% of them coming from EU member states, and more than 10,000 Taiwanese students studying in Europe, with most of them also in EU member states. This shows that the education exchanges and talent mobility between Taiwan and the EU have been robust and will continue to flourish.
To strengthen education partnership between Taiwan and France, the two countries have adopted a multi-faceted approach that includes the annual Taiwan-France Educational Cooperation Meeting, the Taiwan-France Higher Education Leaders Forum, the Taiwan Studies Project, as well as inking more cooperation agreements and implementing language teaching assistants exchange program, and these programs have yielded remarkable results. This year (2024), France is the European country that has the most students studying in Taiwan, with more than 1,700 students in Mandarin language programs and exchange programs.
During the conference, FICHET organized a Taiwan Night networking event at Hotel NH Toulouse Airport on the evening of September 18. Representatives of the 21 Taiwanese universities and their partner universities attended the dinner, amounting to about 100 attendees. Discussion was lively at the event and revolved around forming multilateral partnerships and strengthening educational cooperation.
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Fintech PR
Indonesian Handcrafted Textiles/WASTRA Are Once Again Making a Global Impact Through Refined Modest Fashion
PARIS, Sept. 18, 2024 /PRNewswire/ — Bank Indonesia continues to support inclusive and sustainable economic growth through various Islamic Economic and Financial Development Programs (EKSYAR). This notion is a part of Indonesia’s efforts to become the world’s modest fashion Mecca, in line with Indonesia’s vision of becoming the world’s leading halal producer center as stated in the Indonesia Halal Industry Masterplan (MPIHI).
Bank Indonesia noted that the export value of modest fashion commodities during the period January to July 2024 reached USD632.76 million, or an annual increase of 3.38%. Supporting these efforts, Bank Indonesia is synergizing with the Indonesian Ministry of Cooperatives and SMEs, the Indonesia Fashion Chamber (IFC) and the Embassy of the Republic of Indonesia in Paris at the Indonesia International Modest Fashion Festival (IN2MF).
The IN2MF is integrated with the global trade fair Who’s Next on September 8-10, 2024 at the Porte de Versailles, Paris. This event features wastra-based fashion with sustainable principles and manners competing in the global market.
Deputy Governor of Bank Indonesia, Juda Agung, expressed as fashion with a polite appearance is not only a trend, but a global movement that reflects elegance, dignity, and cultural pride which in harmony with Indonesian values. Deputy Governor Juda advices the contribution of the modest fashion industry is needed to be strengthened in supporting the economy in the global market. Indonesia’s achievement has been ranked third in the modest fashion industry in the State of the Global Islamic Economy 2023 report. Going forward, Bank Indonesia together with strategic partners will continue to support IN2MF in penetrating the global market and promote Indonesian wastra.
On the same occasion, a breakthrough promotion of Indonesia’s modest fashion products in the global scale was made through the signing of a cooperation agreement between the IKRA Council and Printemps Paris. This collaboration will strengthen the exposure of IKRA’s fostered products sold at the Printemps shopping center in Paris.
IN2MF Paris is a series to the peak of IN2MF on October 30 – November 3, 2024 in Jakarta in conjunction with the 11th Indonesia Sharia Economic Festival (ISEF) in 2024. This year, IN2MF has been held in several cities around the world, namely Kuala Lumpur, Dubai, and Istanbul. IN2MF Paris also displayed well-known Indonesia designers including Itang Yunaz, Wignyo, and Dian Pelangi.
IN2MF Paris Fashion Show Photos and Video 2024
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VILNIUS, Lithuania, Sept. 18, 2024 /PRNewswire/ — BingX Charity, the philanthropic arm of the global leading cryptocurrency exchange BingX, has donated 400 million VND to aid recovery efforts in northern Vietnam following Typhoon Yagi. This typhoon is the strongest to hit the country in three decades, causing widespread destruction and leaving hundreds dead or missing and thousands displaced.
In the immediate aftermath of the disaster, BingX launched a donation campaign on September 12, 2024, committing 400,000,000 VND to the Vietnam Fatherland Front Central Committee. This donation was aimed at providing crucial aid to those affected by the typhoon and subsequent floods and landslides. BingX’s donation campaign, together with the generous contributions from the public, has been vital in providing immediate relief to those affected by the catastrophe. The funds will help rebuild communities, restore infrastructure, and deliver essential supplies to families who have lost their homes and livelihoods.
As part of BingX’s commitment to helping the victims of Typhoon Yagi, the exchange also introduced a donation-matching initiative. For every 1,000 VND donated by the public to the Vietnam Fatherland Front Central Committee, BingX matched the amount. This initiative, which concluded on September 17, significantly increased total financial support, bringing the combined contribution to 1 billion VND. This includes 600 million VND raised through the matching program and 400 million VND from BingX’s initial donation.
In addition to those efforts, BingX will also organize a charity program on September 18 in the spirit of solidarity and sharing. The event will take place in Nam Khap Ngoai village and Trung Do village, Bao Nhai commune, Bac Ha district, Lao Cai province, where 230 charity gifts will be distributed to the people of the region. This area, still facing numerous challenges after Typhoon Yagi, is difficult to access due to its rugged terrain, limiting relief efforts. The charity gifts, including essential necessities, are prepared based on the recommendations of the local government to ensure they meet the actual needs of the community. BingX hopes that this program will provide not just material support, but also foster faith and hope, encouraging the local people to overcome their current difficulties. This aims to spread the spirit of mutual love and light the flame of humanity in these trying times.
Reflecting on these, Vivien Lin, Chief Product Officer at BingX, stated, “We were deeply moved by the overwhelming response from our community during this campaign. At BingX, we believe in leveraging our platform to bring about positive change, and this initiative allowed us to stand alongside the people of northern Vietnam in their time of need. We hope our contributions, combined with those from generous donors, will have a lasting impact on recovery efforts.”
BingX remains committed to supporting global communities in times of crisis, and the company extends its gratitude to all those who participated in this vital campaign. The cryptocurrency exchange believes that through collective efforts, we can continue to build resilience in vulnerable regions and stand ready to offer assistance wherever and whenever it’s needed most.
About BingX
Founded in 2018, BingX is a leading cryptocurrency exchange serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became Chelsea FC’s principal partner, marking an exciting debut in the world of sports.
For more information please visit: https://bingx.com/
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View original content:https://www.prnewswire.co.uk/news-releases/bingx-provides-1-billion-vnd-aid-to-support-vietnam-from-impacts-of-typhoon-yagi-302251706.html
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