Fintech PR

AIIB Launches Report on Transformative Concept of Defining Nature as Infrastructure

Published

1 year ago

December 2, 2023

DUBAI, UAE, Dec. 2, 2023 /PRNewswire/ — The Asian Infrastructure Investment Bank (AIIB) today launched its 2023 Asian Infrastructure Finance report, titled Nature as Infrastructure, with a panel discussion at its COP28 pavilion.

Amid accelerating climate change, the increasing value of carbon capture and the ongoing degradation of biodiversity globally, the concept of Nature as Infrastructure arrives at a pivotal moment. Viewing Nature as Infrastructure offers a transformative approach for recognizing the value of nature and enhancing investment in the protection of nature and biodiversity.

“It is high time for us to come to terms with nature; we cannot keep asking for more,” said AIIB President and Chair of Board of Directors Jin Liqun. “This process of reconciliation must begin by understanding and recognizing the value that nature can offer us. Our ambition must be to turn the idea of nature as infrastructure from an abstract concept into an impactful asset class that commands increasing levels of investment and regulatory attention.”

Viewing Nature as Infrastructure entails mitigating the impact of human development on nature. It includes nature-based solutions, direct investments into nature assets to sustain critical infrastructure-like services and directing more finance toward nature. Potential solutions toward a nature-positive future were discussed during the panel and is explored further in AIIB’s 2023 Asian Infrastructure Finance Report: “Nature as Infrastructure.”

Following AIIB President Jin’s opening remarks, the panel was moderated by Devex Executive Vice President and Executive Editor Kate Warren, and joined by industry-leading commentators from across the world, including Erik Berglof, Chief Economist, AIIB; Jang Ping Thia, Lead Economist, AIIB; Simon Zadek, Executive Director, NatureFinance; Institute for Climate and Society Executive Director Maria Netto Schneider; Valerie Hickey, World Bank Global Director for Environment, Natural Resources and Blue Economy and Rebekah Brown, Deputy Vice-Chancellor, Research, Monash University.

“MDBs must work to close the financing gap to adopt a more nature-friendly development path and reverse biodiversity loss,” said Erik Berglof, Chief Economist of AIIB. “We must go beyond ‘do no harm’ and even beyond ‘nature-positive’ investment and look at how we can draw on the full potential of nature. This means unlocking fresh financing from our balance sheets, deploying new lending instruments and using our convening power to better mobilize private finance.”

Incorporating nature into investments is already a key priority for AIIB and the report supports the existing strategy at the Bank. During the AIIB’s 8th Annual Meeting in September 2023, AIIB unveiled its inaugural Climate Action Plan (CAP), which set out the Bank’s ongoing commitment to combatting climate change through four key principles. As part of the CAP, AIIB signaled its intention to focus on solutions that simultaneously mitigate climate change, build resilience, enhance adaptation and offer cobenefits for biodiversity and nature conservation. Viewing nature as infrastructure and integrating nature-based solutions into infrastructure design will enhance climate resilience.

Drawing on extensive data and case studies from all over the world, the report points to opportunities to maximize nature as our most critical infrastructure. Building on the basic understanding that there is a need to understand the value of nature—as well as how the economy of countries and sectors depends on nature—the report goes on to discuss how nature can provide infrastructure-like services, which in turn should influence how gray infrastructure and investments in nature’s restoration are made.

It shares examples of how better design can mitigate the impact of gray infrastructure and help people build greener infrastructure. In particular, the report looks at how China, Indonesia and Bangladesh adopted nature-based solutions to restore or renew nature. For example, tree planting in the northern countries of China was found to have a beneficial impact on dust conditions for countries further south without compromising agricultural productivity, mangrove planting in Indonesia was found to reduce losses from tidal floods and the wetlands of Bangladesh support critical primary industries and livelihoods.

All these examples demonstrate the importance of testing the best solutions customized to the local environment. Successfully and sustainably harnessing nature as infrastructure requires scientific research, effective implementation, consultation and engagement with local communities and a combination of policy incentives, including short-term fiscal support and commercial investments. The report also applies these tools to value natural capital in the Bank’s own projects.

The report also explores how various financial tools instruments can be used to channel more financial flows to nature and build on nature as infrastructure as an asset class. The report notes that there is a particular need to assist low-income economies, many of which are adversely affected by climate-related disasters, and how multilateral development banks like AIIB can catalyze efforts to mainstream nature into all development considerations.

Putting nature, people, lives and livelihoods at the heart of climate action is a key thematic priority at COP28. AIIB and the COP28 Presidency are collaborating to mobilize much-needed climate investment capital and accelerate clean energy investments to address critical resource gaps in Asia and beyond.

The report can be read in full on AIIB’s website here.

About AIIB

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 109 approved members worldwide. We are capitalized at USD100 billion and Triple-A-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

View original content:https://www.prnewswire.co.uk/news-releases/aiib-launches-report-on-transformative-concept-of-defining-nature-as-infrastructure-302003814.html

Fintech PR

Matrixdock Integrates XAUm Gold Token with Binance Wallet to Advance Financial Equality

Published

3 hours ago

December 30, 2024

CISION (PR Newswire)

matrixdock-integrates-xaum-gold-token-with-binance-wallet-to-advance-financial-equality

SINGAPORE, Dec. 30, 2024 /PRNewswire/ — Matrixdock, Asia’s real-world asset (RWA) tokenization leader, announces the integration of its flagship gold token, XAUm, with Binance Wallet, one of the world’s leading digital asset wallets. This development builds on previous integrations with centralized exchange Web3 wallets like OKX and crypto wallets like MetaMask, reinforcing Matrixdock’s commitment to making gold investments more secure, efficient, and accessible for hundreds of millions of global users.

At the core of this integration is XAUm, a token fully backed by London Bullion Market Association (LBMA)- accredited gold bars with a minimum fineness of 99.99%. Each XAUm token represents one troy ounce of gold. These gold reserves are securely stored in Brink’s vaults in Hong Kong and Singapore, offering token holders the option to redeem XAUm for physical gold.

Purpose-built for Web3 compatibility and the multi-chain ecosystem, XAUm seamlessly blends blockchain innovation with user-centric design. Its robust proof-of-reserve transparency, efficient multi-chain reserve management, and enhanced interoperability inspire trust and elevate gold from a static asset to a dynamic, multifunctional financial instrument in the digital economy.

This integration with Binance Wallet builds on previous developments within Binance’s ecosystem, including decentralized exchanges and lending platforms. The goal is to make XAUm a benchmark for modern gold investments, providing an efficient and trusted solution that redefines asset efficiency and financial equality.

Binance Wallet enhances this vision by offering a secure and intuitive entry point to Web3. Users can manage digital assets, perform cross-chain token swaps, and earn yields effortlessly. With a simple setup process via the Binance app, the wallet eliminates the need for seed phrases or private keys, furthermore, it utilizes Multi-Party Computation (MPC) technology to enhance secure transactions.

Through this integration, individuals worldwide are able to buy, own, and trade gold conveniently with a mobile device. By leveraging Web3 technology and the multi-chain ecosystem, Matrixdock and Binance Wallet set a new standard for modern gold investments, driving financial equality and innovation.

About Matrixdock

Founded in February 2023 by Matrixport, Matrixdock is Asia’s RWA leader that modernizes financial instruments through advanced tokenization technology. As the first in Asia to introduce a tokenized short-term treasury bill product, STBT, earned the Ecosystem Excellence TADS Award in 2023 for Trading & Liquidity Solutions. In 2024, it launched a one-of-a-kind Tokenized Gold token, XAUm, modernizing traditional gold investment into a dynamic, multifunctional digital asset.

Photo – https://mma.prnewswire.com/media/2587828/XAUm_Gold_token_matrixdock_binance_wallet.jpg

View original content:https://www.prnewswire.co.uk/news-releases/matrixdock-integrates-xaum-gold-token-with-binance-wallet-to-advance-financial-equality-302340189.html

Fintech PR

FXGiants Launches Partner Programs to Boost Forex Trading Success

Published

4 hours ago

December 30, 2024

CISION (PR Newswire)

HAMILTON, Bermuda, Dec. 30, 2024 /PRNewswire/ — FXGiants, a prominent brokerage firm, has opened a new chapter for individuals eyeing opportunities in forex trading. The company has launched new, easy-to-join partnership programs, offering valuable earning opportunities to market participants. Combining effortless integration with substantial revenue potential, these initiatives will arm partners with everything they need to explore today’s forex landscape.

Christopher Oates, a spokesperson for FXGiants elaborated on this development: “Our partner programs are designed to fuel growth for partners by removing unnecessary hurdles. From smooth onboarding to competitive rewards and strong support systems, we aim to provide everything needed for success. Our mission is to help individuals and companies scale their operations, boost their earnings, and tap into new opportunities with confidence.”

Programs Designed for Unique Ambitions

Recognizing that goals differ from partner to partner, FXGiants has shaped three dedicated programs built for varied ambitions. Firstly, the Introducing Brokers (IBs) plan allows users to bring new clients to FXGiants and, in turn, earn competitive commissions. Adding excitement, the IB Monthly Reward Plan offers cash incentives of up to $1,000, determined by client trading activity and volumes.

Secondly, the Affiliate Program is a haven for marketing-focused individuals as it offers forex trading tracking tools and an extensive suite of professional promotional content. Affiliates can easily evaluate their campaigns’ performance and receive earnings based on qualified referrals. Lastly, the White Label Solution is suitable for businesses seeking a fully branded, standalone trading experience. FXGiants delivers a customizable platform that allows businesses to retain control over client offerings.

“At FXGiants, our objective remains straightforward – to give our partners unparalleled possibilities in the forex trading market,” Oates added. “Joining our programs is quick and easy. Interested parties can register on our website or reach out via email to get started. We are committed to building a path for long-term success, one step at a time.”

About FXGiants

FXGiants is an FCA/BMA-regulated broker that gives access to over 300 trading instruments to its clients. Features such as tight spreads, VPS hosting, and Live and ECN/STP accounts, underline its commitment to traders’ convenience and security. With the reliable MT4 platform and PMAM software, FXGiants also ensures swift executions and an intuitive trading environment for beginners and seasoned traders alike. Moreover, around-the-clock, multilingual assistance adds yet another layer of dependability, fostering a confident and efficient forex trading experience.

All trading involves risk. It is possible to lose all of your capital. This offer is made by Notesco Int Limited, registered in Anguilla. FXGiants is a trade name of Notesco Int Limited; a company incorporated in Anguilla with registration number A000001800 and registered address The Valley, AI2640, Cosely Drive, 1338, AI.

https://www.fxgiants.com/

View original content:https://www.prnewswire.co.uk/news-releases/fxgiants-launches-partner-programs-to-boost-forex-trading-success-302338959.html

Fintech PR

Bybit and SOLV Protocol Team Up for Explosive bbSOL Maxi Rewards

Published

4 hours ago

December 30, 2024

CISION (PR Newswire)

bybit-and-solv-protocol-team-up-for-explosive-bbsol-maxi-rewards

DUBAI, UAE, Dec. 30, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange, today announced a thrilling new campaign in collaboration with SOLV Protocol: the bbSOL Maxi Rewards. This exciting event offers users the chance to win a share of 1,300,000 SOLV tokens via airdrop by staking their SOL.

From December 30, 2024, at 10:00 AM UTC to January 20, 2025, at 10:00 AM UTC, users who stake at least 0.5 SOL to obtain bbSOL through their Bybit Web3 Seed Phrase Wallet on the Bybit Web3 Earn platform are eligible to participate in the campaign and win exciting SOLV rewards.

“We’re thrilled to partner with SOLV Protocol for this exciting campaign,” said Emily Bao, Head of Web3 and Spot at Bybit. “The bbSOL Maxi Rewards presents a fantastic opportunity for users to maximize their SOL holdings and earn substantial rewards. We encourage everyone to participate and experience the power of Bybit Web3.”

How to Participate:

Visit the Airdrop Arcade: Head over to the dedicated “bbSOL X SOLV Campaign Page” (Airdrop Arcade).
Connect Your Wallet: Connect your Bybit Web3 Seed Phrase Wallet and complete the required tasks.
Stake Your SOL: Stake a minimum of 0.5 SOL to obtain bbSOL through Bybit Web3 Earn. The more you stake, the higher your potential rewards in the Ultimate Rewards Pool.

The top 100 stakers with the highest SOL stakes will receive their SOLV rewards directly to their Bybit Web3 Seed Phrase Wallet’s ETH address within three weeks of the event’s conclusion.

To participate, users must deposit SOL and obtain bbSOL on the Bybit Web3 Earn platform using their Bybit Web3 Seed Phrase Wallet. Only new SOL deposits made during the event period are eligible for rewards.

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally.

Join the revolution now and open the door to your Web3 future with Bybit.

For more details about Bybit Web3, please visit Bybit Web3.

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

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