Fintech PR
Bitget Wallet Debuts Task2Get, a Web3 Exploration Incentive Platform, with ZetaChain Interactive Campaign
VICTORIA, Seychelles, Nov. 20, 2023 /PRNewswire/ — Following its brand upgrade from BitKeep Wallet, the world-leading all-in-one Web3 trading wallet Bitget Wallet has set its sights on improving overall user access to the decentralized finance (DeFi) ecosystem and discovering even better opportunities in the world of Web3. Its latest initiative, Task2Get, serves as a revolutionary Web3 exploration platform that provides users with attractive incentives for interacting with and completing a variety of different on-chain tasks.
Task2Get is primarily designed to fulfill two key functions: keeping users at the forefront of promising emerging projects; and rewarding users for interacting with them. This exciting initiative carefully curates and showcases the hottest projects to enter the Web3 ecosystem, providing a convenient avenue for users to interact with these projects, securing their spot for potential airdrops in the future. Additionally, the Task2Get platform also provides attractive rewards for users who complete set interaction tasks with featured projects, providing yet another incentive layer for users to earn while trying their hands on up-and-coming protocols and projects.
Kicking off the first phase of Task2Get, we are excited to collaborate with ZetaChain. This innovative EVM-Layer 1 blockchain connects all chains – even non-smart chains like Bitcoin network. ZetaChain is also known for its seamless connectivity across any blockchain and layer, supported by its Omnichain Smart Contracts. With a focus on facilitating interaction with the ZetaChain testnet ecosystem, Task2Get features 6 prominent DApps for users to interact with: XDAO, LENX, iZUMi Finance, Eddy Finance, Bounce Finance, and zkMe. Bitget Wallet users will stand a chance to win their share of 700,000 ZETA for completing interaction tasks, as well as exclusive Bitget Wallet x ZetaChain commemorative NFTs – which will provide holders with access to exciting periodic airdrops by Bitget Wallet.
One-Stop Airdrop Interaction Platform on Mobile
With the rise of numerous mainnets and projects in Web3, airdrop interaction has grown to become an increasingly popular way for users to explore emerging projects while also earning exciting rewards. However, the limited mobility of desktop computers is an obstacle that prevents users from capitalizing on these opportunities while on the go. Moreover, the overwhelming amount of information available may make it difficult for users to decide which project they wish to invest their time in. Identifying and tracking promising projects within such a context therefore requires not only high levels of experience and skill, but also significant investments in time and effort.
Task2Get was conceptualized specifically to solve these issues by serving as a one-stop airdrop interaction platform dedicated to mobile users. Featuring a clear and user-friendly interface that consolidates key DApps from various mainnets for the user’s perusal, Task2Get ensures that users have access to concise and step-by-step instructions to perform their on-chain interactions with unbeatable ease, directly from their mobile device.
Additionally, Task2Get also boasts a robust suite of interactive tools to further enhance overall user experience. Ranging from educational guides to shared experiences from Key Opinion Leaders (KOLs), users will be able to find a rich diversity of resources to assist them in enhancing their interaction levels. The platform also offers real-time query tools, enabling users to track their wallet interactions, including records, rankings, and gas consumption details. Placing user security as its top priority, Task2Get integrates a contract authorization detection feature that allows users to manage their authorization permissions and revoke any granted to potentially suspicious contracts to ensure the safety of their assets.
Recognizing that the process of interacting with airdrops can become tedious after a while, Task2Get introduces a refreshing element of surprise by rewarding users with random NFTs upon the completion of each task. These NFTs not only entitle users to potential future airdrops, but also allow them to track their interaction progress and rankings, encouraging users on their airdrop interaction journey. tion.
Seasoned Web3 veterans and newcomers alike will undoubtedly find their airdrops needs met with Task2Get, streamlining and bolstering their expedition into the frontiers of DeFi.
Holding Collaborative Ecosystem Incentive Events with Mainnets and Projects
In line with its vision of serving as the ultimate Web3 trading wallet, Bitget Wallet goes beyond just offering unmatched opportunities for users to capitalize on valuable trading opportunities via its integrated swap service. It also hosts various rewarding events for users to experience different mainnet ecosystems and enjoy rewards for doing so, providing a mutually beneficial way to grow the overall Web3 ecosystem.
Within the wallet, users are invited to engage in diverse incentive-driven activities, including ecosystem incentives for specific mainnets, project-based airdrops, Invite2Get invitation-earning schemes, and dynamic on-chain trading competitions. These activities are launched regularly, offering users a dual experience of earning substantial rewards and enjoying the vibrancy of Web3.
Bitget Wallet boasts an impressive track record of leading large-scale and exciting campaigns with industry-leading networks and projects, including Solana, Mantle, Galxe, and more. Participation methods are versatile, encompassing holding wallet positions, executing Swap transactions, utilizing DApps, and inviting friends, with rewards varying from native tokens and whitelists to NFTs. Statistically, Bitget Wallet distributes approximately $100,000 in monthly airdrop benefits to its users through these diverse activities.
With the introduction of Task2Get, Bitget Wallet aims to rally together with emerging market trends and projects, providing its users with unprecedented access to explore the broader Web3 on-chain ecosystem while earning exciting rewards at the same time.
Fostering Strong Connections Between Projects and Users
Since its inception in 2018, Bitget Wallet garnered the trust of over 12 million users worldwide, marking its position as one of the world’s top ten crypto wallets. Task2Get is set to capitalize on Bitget Wallet’s extensive user base and significant market impact to create a robust platform for growth and exposure, benefiting both emerging and established projects.
Currently, Bitget Wallet supports over 90 mainnets and offers comprehensive functions like wallets, swap tradings, real-time smart quotes, NFT marketplaces, and DApp interactions. This comprehensive support empowers mainnets and project teams, facilitating users to complete various tasks within the wallet ecosystem, thereby driving continuous participation and active engagement in ecological projects.
Task2Get is committed to the continued and extensive collaboration with industry-leading partners, bridging mainnets, ecosystem projects, and users. This initiative fosters user-project interactions, enhances project visibility, attracts active user participation, and partners with projects to deliver more benefits to users, aiding them in navigating the vibrant Web3 landscape.
About Bitget Wallet (Web3 trading wallet)
Formerly known as BitKeep, Bitget Wallet stands as Asia’s largest and global frontrunner among all-in-one Web3 trading wallets. We offer a comprehensive range of on-chain products and DeFi services to our users, including wallet functionality, Swap feature, NFT trading, DApp browsing, MPC Wallet and more.
With a 5-year legacy, Bitget Wallet has garnered acclaim from over 12 million users worldwide and has secured partnerships with prominent industry leaders including Ethereum, BNB Chain, Arbitrum, Polygon, Solana, Base, and others. This success stems from our commitment to consistently delivering secure and convenient products and services.
In March 2023, Bitget, a leading crypto derivatives trading platform made a substantial $30 million investment in BitKeep, acquiring a controlling stake. Following this strategic move, BitKeep underwent a transformative and strategic brand evolution in August, officially rebranding itself as Bitget Wallet.
For more information, visit: Website | Twitter | Telegram | Discord
View original content:https://www.prnewswire.co.uk/news-releases/bitget-wallet-debuts-task2get-a-web3-exploration-incentive-platform-with-zetachain-interactive-campaign-301993371.html
Fintech PR
e& announces Q3 2024 earnings with consolidated revenue growth of 10% to AED 14.4 billion
e& completes acquisition of controlling stake in PPF Telecom and 100% acquisition of GlassHouse, expanding its footprint to 38 countries
ABU DHABI, UAE, Oct. 30, 2024 /PRNewswire/ — e& today announced its Q3 2024 consolidated financial results, reporting consolidated revenue of AED 14.4 billion, growing 10 per cent year-over-year in constant currency, while consolidated revenues for the first nine months of year 2024 recorded AED 42.7 billion, growing 9 per cent YoY, reflecting continued growth across most verticals.
e& completed an important milestone by closing the transaction of PPF Telecom that will enhance the group portfolio diversification while it continues to grow its digital services across enterprise solutions, fintech, and media and entertainment sectors. This diversification will allow it to pursue its strategic ambition of transitioning to a global technology player.
e&’s total subscriber base witnessed a YoY increase of 6 per cent, reaching 177.3 million. The total number of e& UAE subscribers reached 14.7 million, representing a YoY growth of 5 per cent.
Financial Highlights
Q3 2024 |
Q3 2023 |
9M 2024 |
9M 2023 |
|
Revenue |
AED 14.4 billion |
AED 13.4 billion |
AED 42.7 billion |
AED 40.0 billion |
Net Profit |
AED 3 billion |
AED 3 billion |
AED 8.5 billion |
AED 7.7 billion |
EBITDA |
AED 6.5 billion |
AED 6.9 billion |
AED 19.4 billion |
AED 19.6 billion |
Earnings per Share |
AED 0.34 |
AED 0.34 |
AED 0.97 |
AED 0.88 |
Hatem Dowidar, Group Chief Executive Officer, e&, said: “e& continued its strong momentum in the first nine months, with consolidated revenue growing 9 per cent in constant currency to AED 42.7 billion.
We scaled up e&’s telecom footprint to 20 countries, bringing our overall reach to 38 markets. This growth, coupled with our solid performance in both local and international markets, drove our consolidated net profit to reach AED 8.5 billion growing 10 per cent during the first nine months. Furthermore, consolidated EBITDA reached AED 19.4 billion, resulting in EBITDA margin of 45 per cent, while our telecom EBITDA margin remained resilient at 49%”.
“Now that we have completed the acquisition of a controlling stake in PPF Telecom Group, we look forward to the opportunities that will arise as we expand our global horizon, impacting the lives of over 1 billion people across the Middle East, Asia, Africa, and now Central and Eastern Europe—marking our first operational foothold in Europe. By combining our expertise with PPF Telecom’s strong local presence, we’re well-positioned to drive digital transformation and empower societies across this region,” added Dowidar.
He concluded, “e& remains dedicated to championing the UAE’s leadership vision as the country continues to advance its digital agenda as a role model of digitalisation. Our investment in cutting-edge infrastructure and strategic partnerships will ensure that we continue to deliver futuristic solutions and digital services that drive sustainable progress and transformation.”
Media Contacts – Nancy Sudheer, Senior Manager at e&, [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/e-announces-q3-2024-earnings-with-consolidated-revenue-growth-of-10-to-aed-14-4-billion-302291739.html
Fintech PR
The Rise of Insurance Third Party Administrator Market: A $544.67 Billion Industry Dominated by Tech Giants – Sedgwick, Crawford and Company and CorVel Corp | The Insight Partners
The global insurance third party administrator market is set for explosive growth, with projections indicating a surge to $544.67 billion by 2031. This remarkable expansion, driven by the increase in preference for administrators in health insurance and growing complexity of insurance claims.
NEW YORK, Oct. 30, 2024 /PRNewswire/ — According to a new comprehensive report from The Insight Partners, “Insurance Third Party Administrator Market Size and Forecast (2021 – 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Insurance Type (Healthcare, Retirement Plans, Commercial General Liability Insurers, and Other Insurance Types), End User (Large Enterprises and SMEs), and Geography”. For Detailed Market Insights, Visit: https://www.theinsightpartners.com/reports/insurance-third-party-administrator-market
The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the insurance third party administrator market comprises a vast array of type and end user which are expected to register strength during the coming years.
For More Information and To Stay Updated on The Latest Developments in The Insurance Third Party Administrator Market, Download The Sample Pages: https://www.theinsightpartners.com/sample/TIPRE00039066/
Market Overview and Growth Trajectory:
Insurance Third Party Administrator Market Growth: According to an exhaustive report by The Insight Partners, the Insurance Third Party Administrator Market is experiencing significant growth, driven by digital third-party administrators. The market, valued at $256.02 billion in 2023, is expected to grow at a Compound Annual Growth Rate (CAGR) of 9.9% during 2023–2031.
The global insurance third party administrator market is observing substantial growth and is expected to maintain its upward trajectory in the foreseeable future. The increasing need for administrators in health insurance and the surging complexity of insurance claims fuel the growth of the insurance Third Party administrator market. Further, the proliferation of the insurance industry creates opportunities for market growth. Digital Third-Party administrators are emerging as a significant trend in the market. On the other hand, data privacy concerns and security concerns limit the growth of the insurance Third Party administrator market.
Digital Third-Party Administrators: Digital Third Party administrators are transforming the insurance Third Party administrator business by harnessing the capabilities of AI and machine learning, which can allow the scanning of massive volumes of data to detect fraudulent claims and predict future hazards. The advanced data management capabilities lower costs for insurers and allow them to make more educated underwriting and risk management decisions. Digital Third-Party administrators provide self-service portals for policyholders to file claims, track their progress, and access policy papers. This promotes transparency and convenience, resulting in a more positive consumer experience.
Increase in Preference for Administrators in Health Insurance: Third Party administrators serve as mediators between insurance companies and policyholders. They oversee specific services, such as processing claims, providing customer support, and managing payment transactions on behalf of health insurance companies. These service providers play a pivotal role in handling different facets of health insurance. They maintain policyholders’ important records in a dedicated database and provide smooth back-end assistance. Third Party administrators also ensure the correct processing of policyholders’ claims. They guarantee that the hospitals they manage meet the standards of network membership, allowing for hassle-free claim settlement. Various value-added services provided by several Third-Party administrators include specialized consultations, ambulance services, medical supplies, wellness programs, lifestyle management, 24-hour toll-free helplines, and health facilities. Due to these benefits, various renowned insurers opt for Third Party administrators. For example, insurers such as Oriental Insurance, New India Assurance, National Insurance, and United India are using Vidal Health Insurance TPA, Health Insurance TPA of India Ltd, Focus Health Services TPA Pvt. Ltd, Family Health Plan Insurance TPA Limited, and others. Thus, a broad application of Third Party administrators in healthcare insurance drives the growth of the market.
Stay Updated on The Latest Insurance Third Party Administrator Market Trends: https://www.theinsightpartners.com/sample/TIPRE00039066/
Growing Complexity of Insurance Claims: The insurance industry is highly regulated, and need to comply with multiple state and federal rules can be difficult. Third Party administrators play a vital role in settling insurance claims. They play a crucial role in administering insurance policies and claims on behalf of policyholders. The primary responsibility of any Third-Party administrator is to help policyholders during the claim settlement process between the policyholder and the insurer. This process begins when policyholders report their claims to the insurance company. It entails obtaining critical data such as the insurance number, incident details, and contact information. Various Third Party administrators are offering claim management with integrated solutions to simplify claim management. In December 2021, CorVel Corporation launched CogencyIQ. Leveraging artificial intelligence and predictive analytics, its products offer actionable insights and solutions for risk managers and claims professionals. CogencyIQ works seamlessly with CorVel’s integrated claims management technology, CareMC Edge, to provide a comprehensive solution for customers with the tools needed to analyze large data volumes and navigate complex claims. Thus, the burgeoning complexity of insurance claims creates a need for Third Party administrators, which is driving the growth of the market.
Geographical Insights: In 2023, North America led the market with a substantial revenue share. Asia Pacific is the second-largest contributor to the global insurance third party administrator market, followed by Europe.
Insurance Third Party Administrator Market Segmentation, Applications, Geographical Insights:
- Based on insurance type, the insurance third party administrator market is segmented into healthcare, retirement plans, commercial general liability insurers, and other insurance types. The healthcare segment held the largest share of the insurance Third Party administrator market in 2023.
- Based on end user, the insurance third party administrator market is segmented into large enterprises and small and mid-sized enterprises. The large enterprises segment held the largest share of the insurance Third Party administrator market in 2023.
- The insurance third party administrator market is segmented into five major regions: North America, Europe, APAC, Middle East and Africa, and South and Central America.
Purchase Premium Copy of Global Insurance Third Party Administrator Market Size and Growth Report (2023-2031) at: https://www.theinsightpartners.com/buy/TIPRE00039066/
Key Players and Competitive Landscape:
The Insurance Third Party Administrator Market is characterized by the presence of several major players, including:
- Sedgwick
- Crawford and Company
- CorVel Corp.
- United Healthcare Services LLC
- Helmsman Management Services, LLC
- Charles Tayler
- ExlService Holdings, Inc.
- Gallagher Bassett Services LLC
- Meritain Health, Inc.
These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market.
Insurance Third Party Administrator Market Recent Developments and Innovations:
- “Sedgwick has announced several new updates to its artificial intelligence-powered (AI) technology program. Building on a half-century of claims handling excellence and a robust data science program. The technology goal is to expedite the claims process by predicting, addressing, and automating steps in the claim lifecycle, thereby enhancing consumer experiences and streamlining claim resolutions.”
- “Crawford & Company’s Third-Party administration business in the United Kingdom, Crawford TPA, has teamed with British insurtech Automated Insurance Solutions (AIS) to support speedier motor claims processing in the country. Crawford TPA will use AIS’s automated motor claims liability assessment tool, BAIL, as part of its growing digital claims management ecosystem.”
- “CorVel Corporation, a national provider of risk management solutions, has launched CogencyIQ. Leveraging artificial intelligence and predictive analytics, CorVel can provide actionable insights and solutions for risk managers and claims professionals. CogencyIQ works seamlessly with CorVel’s integrated claims management technology, CareMC Edge, to provide a comprehensive solution for customers with the tools needed to analyze large amounts of data and navigate complex claims.”
For Region-Specific Market Data, Check Out Brief Sample Pages: https://www.theinsightpartners.com/sample/TIPRE00039066/
Insurance Third Party Administrator Market Drivers, Challenges, Future Outlook and Opportunities:
In terms of revenue, North America dominated the insurance third-party administrator market share, followed by APAC and Europe. The insurance third-party administrator market in North America is subsegmented into the US, Canada, and Mexico. The US is anticipated to hold the largest market share in the region in 2031. In the US, there are three main insurance sectors: property/casualty (P/C), i.e., mainly auto, home, and commercial insurance; life/annuity, mainly life insurance and annuity products; and private health insurance. Such a vast industry generates the demand for third-party administrator services in the country. The third-party administrators in the country are engaged in various strategies to reach more customers. For example, in January 2024, Rokstone, a specialty insurance and reinsurance managing general agency and a part of the Aventum Group, launched a new third-party administrator service based in Kentucky. Rokstone’s new Verus TPA manages Rokstone’s agricultural claims in the US.
As countries grow and people gain more discretionary income, they are more likely to be able to afford and recognize the value of insurance products such as life, health, and property insurance plans. This is especially true for a burgeoning middle class striving for financial stability. People are becoming increasingly conscious of the possibility of financial loss due to unforeseen circumstances such as illness, accidents, or natural catastrophes. As a result, individuals, businesses, and other entities seek insurance policies to safeguard themselves from the repercussions, which fuels the demand for insurance solutions that can assist in managing these risks. According to the Federal Insurance Office (FIO), the US had 667 licensed L&H insurers, 2,656 P&C insurers, and 1,355 health in 2022. According to the India Brand Equity Foundation (IBEF), the insurance industry is one of the premium segments seeing significant expansion in India. This upward trend in the insurance sector can be ascribed to rising revenues and increased awareness of the profession. India has the sixth-largest life insurance market among emerging economies, growing at a pace of 32–34% per year. In recent years, the industry has experienced vigorous competition among rival businesses. Moreover, the insurance sector faces numerous constraints, including highly dynamic regulatory complications, which present organizations with considerable threats to financial and operational stability. Thus, the ongoing proliferation of the insurance industry is creating opportunities for the growth of the insurance third-party administrator market.
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Conclusion:
A Third Party administrator is an entity that handles administrative and operational tasks associated with an insurance plan. Administrative duties frequently include processing claims, enrolling consumers, and collecting premiums, adhering to federal rules. Third Party administrators do not create the policies of health insurance plans, but they help guarantee their implementation. A single Third-Party administrator may work with multiple insurers. While Third Party administrators are typically linked with health insurance, they are employed in a wide range of other segments of the insurance industry. Commercial liability insurers and retirement plan administrators frequently hire Third Party administrators to serve as claims adjusters or customer service representatives. Third Party administrator companies can be major multinational corporations, while individuals having Third Party administrator certification can also work as independent contractors.
The insurance claim process can be complex and time consuming. In such cases, a Third Party administrator can help policyholders claim benefits. The administrators guide policyholders throughout the claim procedure and file claims on their behalf. Once a claim is filed, the Third-Party administrator will investigate and verify it. Further, their services can be tailored to a wide range of needs. Moreover, insurers can customize their agreements made with Third Party administrators based on their specific needs. Other noteworthy offerings of administrator services include health benefits reporting and analytics, adjudicating claims, customer service for plan members, healthcare provider network access, detailed healthcare expense reporting, and collaborations with brokers and health insurance consultants.
Need A Diverse Region or Sector? Customize Research to Suit Your Requirement: https://www.theinsightpartners.com/inquiry/TIPRE00039066/
With projected growth to $544.67 billion by 2031, the Insurance Third Party Administrator Market represents a significant opportunity for insurance carriers, Third Party administrators (TPA), regulatory bodies, and end users. By staying abreast of market trends, embracing innovation, and focusing on quality and performance, companies can position themselves for success in this dynamic and evolving market landscape.
Related Report Titles:
- Insurance Claims Management Software Market Size and Forecasts (2021 – 2031)
- Electronics Gadget Insurance Market Forecast, Trends, and Growth 2031
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- Artificial Intelligence (AI) in Insurance Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast till 2031
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Ankit Mathur
E-mail: [email protected]
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/insurance-third-party-administrator-market
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Fintech PR
FDUSD Expands to the Solana Blockchain to Further Strengthen and Bolster Access
The development adds to its existing availability across Ethereum, BNB Chain and Sui
DUBAI, UAE, Oct. 30, 2024 /PRNewswire/ — First Digital Group (“First Digital” or the “Group“), a leader in digital asset custody and trust services in Asia and parent company of FD121 Limited (also known as First Digital Labs), announces that First Digital USD (“FDUSD“) will be natively deployed to the Solana blockchain, further strengthening and bolstering access to the stablecoin.
The announcement was made at Binance Blockchain Week 2024, marking a significant milestone in First Digital’s commitment to delivering fast, secure, and cost-effective stablecoin transactions for global users. By integrating with Solana’s high-performance blockchain, FDUSD will leverage Solana’s ultra-fast transaction speeds, low fees and high scalability to meet growing demand for accessible, cross-chain stablecoin solutions by end of 2024.
As a fast-growing challenger in the stablecoin arena, FDUSD continues to provide diverse options to users and partners. By adding Solana to its growing list of supported blockchain networks, FDUSD will empower both retail and institutional users to take advantage of Solana’s scalability, unlocking new possibilities for cross-border payments, decentralised finance (DeFi), and everyday transactions.
With Solana’s impressive processing speed—capable of handling up to 65,000 transactions per second—users can experience near-instant transaction confirmations. This integration aims to support applications in areas such as DeFi and payments, driving greater utility and adoption of FDUSD across both emerging and established markets.
Vincent Chok, CEO and Founder of First Digital commented: “Expanding FDUSD onto Solana represents a significant step in our mission to enhance its accessibility, availability and utility across multiple blockchain ecosystems. Solana’s robust and scalable infrastructure will allow us to deliver even greater value to our users, supporting a wider range of financial use cases and enabling faster, more efficient transactions.”
Lily Liu, President of Solana Foundation, added: “As Solana continues to lead the way to redefining blockchain scalability and performance, we are excited to welcome FDUSD into our ecosystem. The integration of FDUSD on Solana will enable new possibilities for real-world, on-chain financial innovations.”
FDUSD is a 1:1 USD-backed stablecoin issued by First Digital Labs, the brand name of FD121 Limited. The FDUSD stablecoin is backed on a 1:1 basis by one U.S. dollar or assets of equivalent fair value, held in accounts of regulated financial institutions globally. Independent reserve audits are published monthly. FDUSD is currently available on Ethereum, BNB Chain and Sui.
About First Digital Group
First Digital Group (“First Digital”) is the parent company of First Digital Trust Limited, Asia’s leading qualified custodian and registered trust company, and FD121 Limited (also known as First Digital Labs), issuer of First Digital USD (FDUSD).
First Digital Group safeguards, advances and innovates to help clients navigate digital assets as well as benefit from trusted next-generation financial services.
First Digital was established in 2017 under the umbrella of the Legacy Trust Company, an established custodian and trust established in 1992 and registered under the Trustee Ordinance in Hong Kong. Its mission is to help clients benefit from a digital-first future by combining digital asset innovation with its strong foundation in trust, custody and asset management services. The Group’s custody and trust arm, First Digital Trust Limited, was established in 2019 and became a fully independent public trust corporation headquartered in Hong Kong with a presence across Asia.
First Digital Trust Limited has been recognised as one of HSBC’s ‘Emerging Giants in Asia Pacific‘ Report 2022, while its innovation subsidiary, FD121 Limited (a.k.a. First Digital Labs), is the issuer of the FDUSD stablecoin.
About First Digital Labs
First Digital Labs is the brand name of FD121 Limited, a Hong Kong-registered subsidiary under the First Digital Group. First Digital Labs focuses on cutting-edge research and development, specialising in the innovation and advancement of digital assets. First Digital Labs is the issuer of the FDUSD stablecoin.
To learn more about First Digital Labs, visit https://firstdigitallabs.com/
View original content:https://www.prnewswire.co.uk/news-releases/fdusd-expands-to-the-solana-blockchain-to-further-strengthen-and-bolster-access-302291656.html
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