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Verified USD Foundation Launches USDV – A Revolutionary Stablecoin Transparently Pegged To Tokenized US Treasuries

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The Foundation will champion an equitable ecosystem development model to foster an inclusive community of contributors

Established industry players Bitget, Curve, Matrixport and Stargate are among USDV’s 23 inaugural contributors at launch

GEORGE TOWN, Cayman Islands, Nov. 14, 2023 /PRNewswire/ — The Verified USD Foundation has announced the launch of Verified USD (USDV), a community-driven stablecoin fully backed by the unrivaled on-chain transparency and stability of a basket of tokenized US Treasury Bills (T-bills). A native omnichain stablecoin compatible with the ERC-20 standard, each USDV is pegged to the equivalent value of 1 US dollar.

USDV’s underlying reserve of tokenized real-world assets (RWA) is a compelling alternative to legacy stablecoins. Apart from a stable value derived from the underlying on-chain T-bills, USDV offers real-time verification through proof-of-reserve, bridging the information gap between stablecoin issuer, verified minters and holders.

The Verified USD Foundation is a non-profit organization dedicated to fostering a sustainable and progressive stablecoin ecosystem that enables equitable value-sharing among the community of contributors who are critical for stablecoin use cases and adoption. This is primarily achieved via ColorTrace, a novel value attribution algorithm developed by LayerZero that ensures the fair and transparent distribution of rewards among verified minters without disputes.

“USDV represents a major evolution in stablecoin technology,” remarked Matthew Commons, President of the Verified USD Foundation.  “Unique among stablecoins, USDV enables a collaborative community approach where those who create stablecoin use cases can be an integral part of the stablecoin value creation. The Foundation is excited to work with contributors in unlocking new use cases with real-world impact, backed by unmatched transparency and stability.”

Powered by Transparency of on-chain assets
The Verified USD Foundation has chosen Matrixport’s Short-term Treasury Bill Token (STBT), as its initial underlying reserve asset. All USDV transactions can be tracked on-chain and available for review on Etherscan. Its open sourced smart contracts have undergone rigorous security audits by third parties such as OtterSec, Zellic.io and Paladin.

John Ge, CEO of Matrixport said: “Bringing real world assets on-chain will be a major theme for the digital assets industry and we are thrilled that our tokenized treasury offering has been selected as the inaugural reserve asset by the Verified USD Foundation. Under Matrixdock, our branded RWA platform, we have spared no effort to continually enhance STBT’s transparency and responsiveness to meet exacting standards of reliability and security expected by our institutional clients.”

An ERC-1400 standard token, 1 STBT is pegged to 1 USD of net-asset value (NAV), fully backed by ‘risk free’ short-term T-bills with maturities within 6 months and reverse repurchase agreements (Repo) secured by T-bills. Designed for accredited investors, STBT empowers the USDV community with real-time verification via on-chain Proof-of-Reserves. Launched in February 2023, STBT is a leading tokenized T-bill on the Ethereum chain.

ColorTrace, the Bedrock for a Fair Distributed Rewards System
USDV is powered by ColorTrace, a novel value attribution algorithm invented by LayerZero Labs, allowing community participants to transparently and equitably receive rewards for their contributions to the stablecoin ecosystem. This reward distribution system enables verified minters to mark their tokens in circulation and transparently access rewards derived from on-chain reserves without dispute.

“The ColorTrace algorithm solves the challenge of attribution for fungible tokens,” stated Ryan Zarick, CTO and Co-Founder of LayerZero. “The applications of the ColorTrace algorithm to existing RWA-backed assets – like stablecoins – are exciting and have the potential to create a more fair and equitable distribution across all contributors to an ecosystem’s success.”

USDV is also integrated with LayerZero’s Omnichain Fungible Tokens (OFT) Standard, a widely adopted standard designed for seamless operation across multiple blockchain networks. The stablecoin will initially launch on the Ethereum, BNB Smartchain, Avalanche, Arbitrum and Optimism blockchains, with the technological capability to interoperate across all chains supported by LayerZero (currently 40+).

Community-driven Ecosystem
23 Industry-leading CeFi, DeFi and GameFi contributors are supporting USDV at launch, including abracadabra.money, Animoca Brands, BasedApp, BIT Exchange, Bitget Exchange, Cactus Custody, Coin98 Finance, Curve Finance, Beam by Eco, Frax Finance, LayerZero, Matrixport, Maverick Protocol, Reunit Wallet, Stargate Finance, SushiSwap, Term Finance, Trader Joe, Velodrome Finance, Wintermute, Wombat Exchange, WOO Network and zk.Link.

Gracy Chen, Managing Director of Bitget said: “We are excited to announce the listing of the USDV project on our exchange. This partnership aligns with our ongoing commitment to support a variety of potential projects within the industry, fostering a diverse and vibrant financial ecosystem. The innovative approaches employed by the USDV project are indicative of the forward-thinking ventures we continually seek to associate with. Through this collaboration, we are taking a step further towards a more inclusive and dynamic digital asset landscape.”

Michael Egorov, Founder of Curve Finance said: Having founded Curve Finance, I am excited to see how the incentive design of USDV works. A diversity of redeemable stablecoins is critical for the stability of DeFi and seeing such a credible new offering is impressive. USDV’s transparency is quite unique, and cross-chain enablement via omnichain standard is perfect for custodial assets. I want to extend a warm welcome to USDV as it enters the world of DeFi.

Angus Buttar, Foundation Lead at the Stargate Foundation said: “With USDV launching as a native omnichain token, Stargate is well placed to help ensure users can access it wherever they need to. We’re also excited to see the opportunities that USDV provides to users and protocols across DeFi.”

With the backing of the inaugural community of USDV contributors, the Verified USD Foundation aims to further expand ecosystem partnerships in the future, including accessibility to more chains and enhancing utility on multiple platforms across different blockchain ecosystems.

About the Verified USD Foundation 
The Verified USD Foundation (“the Foundation”) is dedicated to supporting the development and adoption of the USDV ecosystem. Its primary mandate includes governance oversight, strategic visioning, and facilitating the onboarding of community contributors to advance the utility and adoption of USDV.

With its mission to facilitate seamless, equitable and transparent on-chain and off-chain transactions within the Web3 ecosystem, the Foundation is committed to fostering a synergistic ecosystem that equitably allocates value among its contributors. This approach not only nurtures collaborative partnerships but also fuels the long-term sustainability and growth of the network. Operating under an orphan special purpose vehicle (SPV) structure, the Foundation upholds the highest standard of transparency and fiduciary duty. It retains unencumbered legal ownership of all reserve assets, with its fundamental duty being to serve the interests of USDV holders.

For more information, visit: usdv.money

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Invitation to presentation of EQT AB’s Q1 Announcement 2024

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STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.

The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.

To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.

The webcast can be followed live here and a recording will be available afterwards.

Information on EQT AB’s financial reporting

The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.

The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.

Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]

Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826

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https://mb.cision.com/Main/87/3956826/2712771.pdf

Invitation to presentation of EQT AB’s Q1 Announcement 2024

https://news.cision.com/eqt/i/eqt-ab-group,c3285895

EQT AB Group

 

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Kia presents roadmap to lead global electrification era through EVs, HEVs and PBVs

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  • Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
  • Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
  • Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
    • Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
    • PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
  • Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
  • 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
  • CEO reaffirms Kia’s commitment to ESG management

SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.

Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.

During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.

The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.

“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”

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BioVaxys Technology Corp. Provides Bi-Weekly MCTO Status Update

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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.

As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.

The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.

Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.

About BioVaxys Technology Corp.

BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.

ON BEHALF OF THE BOARD

Signed “James Passin
James Passin, Chief Executive Officer
Phone: +1 646 452 7054

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