Fintech PR
AS STRATEGIC PARTNER FOR COP28 BUSINESS AND PHILANTHROPY CLIMATE FORUM, SUSTAINABLE MARKETS INITIATIVE EXPANDS FOCUS ON INDUSTRY TRANSITION WITH GLOBAL LEADERS TO ALIGN INDUSTRY, FINANCE, AND COUNTRY ROADMAPS
Sustainable Markets Initiative’s Founder, His Majesty King Charles III, opened the COP28 Business and Philanthropy Climate Forum at reception in Dubai
More than 1,000 private sector CEOs, Heads of State and Philanthropic leaders came together at first-ever Business and Philanthropy Climate Forum, for which the Sustainable Markets Initiative was the Strategic Partner
Industry Transition Initiatives across its Task Forces and Country Engagement
DUBAI, UAE, Dec. 12, 2023 /PRNewswire/ — The Sustainable Markets Initiative, the Strategic Partner to the COP28 Business and Philanthropy Climate Forum (BPCF) helped convene more than a 1,000 CEOs, global leaders, and philanthropists from over 80 countries. The Forum was led by the COP28 Presidency of the United Arab Emirates and held alongside the World Climate Action Summit.
The Forum launched on November 30 with a high-level reception, which was hosted by the COP28 Presidency and the Sustainable Markets Initiative, in the presence of His Majesty King Charles III, the Founder of the Sustainable Markets Initiative. The event highlighted the mission of the Sustainable Markets Initiative, and echoed The King’s vision for Nature, People and Planet on a global stage. The reception also highlighted opening remarks from Brian Moynihan, Chair and CEO of Bank of America, and Chair of the Sustainable Markets Initiative.
The COP28 Business and Philanthropy Climate Forum shared the private sector’s progress and released its Purpose Statement and aims for COP29. Read Purpose Statement.
“The Sustainable Markets Initiative, as a private sector led organisation, has transformed how the global business community convenes at world events like COP28. Our members, as global CEOs from a wide range of industries, and finance, are scaling the sustainable transition and are demonstrating action across their value and supply chains,” said Jennifer Jordan-Saifi, CEO of the Sustainable Markets Initiative. “As the ‘go-to’ private sector organisation on transition, we know it is a business imperative and we must address climate change now, with speed and results. Our member companies, with their global reach, ingenuity, and resources, are helping to bring real world demonstrations of a sustainable transition forward at scale, supporting a path to a more sustainable future.”
Pre-COP28 and COP28 Highlights:
- Terra Carta Seal: 2023 Terra Carta Seal winners were announced November 28. The Seal recognises global companies that are actively leading the charge to create a climate and Nature-positive future. It is awarded to companies which have demonstrated the success of a high-impact, large scale company-wide project, initiative or strategy which aligns with one or more of the Sustainable Markets Initiative’s ten Terra Carta Articles. The 2023 Terra Carta Seal had 17 winners, which span multiple geographies and industries. Press release.
- Terra Carta Design Lab: At the COP28 BPCF, one of the event sessions focused on supporting sustainable innovation. The Sustainable Markets Initiative’s Terra Carta Design Lab was highlighted. This global competition, inspired by its guiding mandate the Terra Carta, invites students to design high-impact solutions to address climate change. Four design schools participating in the program include the Dubai Institute of Design and Innovation, National Institute of Design Ahmedabad, Rhode Island School of Design, and the Royal College of Art. Press release.
- Task Forces: Launched three new Task Forces, Circularity, Fusion, and Technology, Media, and Telecommunications. The Task Forces’ help to build foundational and transformative activities to accelerate the transition.
- Agribusiness Task Force: Launches first-of-its-kind Blended Finance framework to make regenerative farming financially viable for farmers; projects in India, the US and the UK explored to prove concept. Companies call for 10 policy changes which could help to unlock a projected $1.2 trillion that regenerative agriculture can add to the worldwide economy.
- Asset Manager and Asset Owner Task Force: As part of a wider collaboration with the Sustainable Markets Initiative’s Asset Manager and Asset Owner Task Force, the Climate Bonds Initiative mapped the degree of alignment of 13 corporate transition frameworks and highlighted areas where further work and alignment is needed. The project addresses the pressing challenge of navigating through various corporate transition frameworks. The goal is to create a navigator tool that enables financial institutions to orientate their corporate portfolios in a way that is consistent with those frameworks. Read more at the Climate Bonds Initiative webpage.
- Blended Finance Task Force: Along with nine other leading organisations, the Task Force came together to advocate for scaling private capital mobilisation with a Call to Action that launched at COP28. Read more on the UN Environment Programme Finance Initiative website.
- Energy Transition Task Force:
- Launched Decarbonising Industry How-to Guide, which outlines a roadmap to decarbonising three of the hardest-to-abate industries – steel, aluminium, and mining. The guide and the decarbonisation initiatives that it recommends exemplify how cross-industry cooperation can result in strong positive impact and accelerated results.
- Launched Global Grids, Money & Models: Unblocking Investment and Unlocking Africa’s Renewable Energy Future report, which highlights the profound potential that investments in electricity grid networks hold for sub-Saharan Africa. The report provides a strategic blueprint for government and private sector engagement in electric grid development, particularly as transmission projects grow more attractive for investment.
- Health Systems Task Force:
- Health Working Group: In early November launched a Health Working Group in China with the Sustainable Markets Initiative’s China Council.
- Read the Health Systems Task Force November 29 Press Release:
- Members of the Task Force are in advanced discussions with energy providers in China and India to scale renewable power across their supply chains. This is the first time that companies from across the global healthcare sector have come together to pioneer such initiatives in these countries.
- Recognising the importance of a harmonised method to measure and report the environmental impact of medicines and healthcare products, the Task Force worked with the Pharmaceutical Environment Group (PEG) through a newly created consortium and NHS England to support the development of a sector-wide standard for medicines Life Cycle Assessment (LCA). The consortium and NHS England intend to work with the British Standards Institution (BSI) to reach consensus among the sector’s stakeholder groups including healthcare systems, providers and professionals, representative bodies, academics, and patients to establish the standard. An international measurement framework is also being developed to calculate the carbon emissions from different patient care pathways.
- Three new members joined the Health Systems Task Force to contribute broader sectoral expertise.
- Insurance Task Force:
- Global Risk and Resilience Fellowship Program report highlights the inaugural year of the Fellowship, which paired city leaders with a deep understanding of urban resilience challenges, and insurance experts to collaboratively develop solutions that empower cities to build a safe, equitable, and sustainable future. Read more about the initiative.
- Published a report, Insuring a Sustainable Future, which explores the critical role the insurance industry is playing in the growth of clean and emerging technologies, de-risking investment and enabling recovery post climate-related disasters.
- Private Equity Task Force: Launched a Private Markets Decarbonisation Roadmap (PMDR) in collaboration with the Initiative Climat International and Bain & Company. The PMDR helps to support global private markets firms (General Partners or ‘GPs’) with a common language and approach to speak about decarbonisation and drive meaningful progress by disclosing their portfolio’s decarbonisation evolution. To access the PMDR, visit the Bain & Co. webpage. To read the press statement, please visit the Principles for Responsible Investment webpage.
- Sustainable Building Task Force: Launched a paper on Decarbonization in the Built Environment: Addressing Embodied Carbon in mechanical, electrical and plumbing (MEP) systems. The report outlines solutions, challenges, and best practices for reducing embodied carbon in a building’s MEP system – a significant, but often not highlighted, component of a building’s overall emissions.
- Country Engagement: The Sustainable Markets Initiative established a new regional council in Africa, and its China Council launched a Health Working Group. The Sustainable Markets Initiative’s Country Engagement team supports three Country Councils, which focus on supporting private and public sector engagement and collaboration to build momentum for more sustainable actions and accelerate the transition in country.
Notes to editors:
Additional COP28 activities:
RE:TV, a partner to the Sustainable Markets Initiative, had a significant role at the BPCF as it captured leading stories across its member platform and demonstrations of how companies are accelerating the path to low-carbon and net zero solutions.
Sustainable Markets Initiative Showcase: At COP28, the Sustainable Markets Initiative member companies and partners showcased recent demonstrations of progress through a digital storytelling series that highlighted sustainable transition projects, investment, and business activities across the globe. This showcase was highlighted as a successful articulation of real action in motion across the globe at COP28 amongst attendees.
About the Sustainable Markets Initiative
Founded by His Majesty King Charles III in 2020, as Prince of Wales, the Sustainable Markets Initiative has become the world’s ‘go-to’ private sector organisation on transition. Launched in 2021, the Terra Carta serves as the Sustainable Markets Initiative’s mandate with a focus on accelerating positive results for Nature, People and Planet through real economy action. Read more: www.sustainable-markets.org
Sustainable Markets Initiative’s Terra Carta
His Majesty King Charles III, as Prince of Wales, launched the Terra Carta at the One Planet Summit in January 2021. The Terra Carta serves as the mandate for the Sustainable Markets Initiative and provides a practical roadmap for acceleration towards an ambitious and sustainable future; one that will harness the power of Nature combined with the transformative power, innovation, and resources of the private sector. The Terra Carta is supported by the 56 members of the Commonwealth, C40 Cities and the United Kingdom’s 13 Core Cities.
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HONG KONG, Feb. 13, 2025 /PRNewswire/ — CoinW, a leading global cryptocurrency exchange, is set to make a bold statement at Consensus 2025 as an official 4 Block sponsor, showcasing its dedication to Web3 innovation and blockchain adoption. Attendees can visit booth #3811 to explore CoinW’s latest developments and connect with industry experts.
Beyond the main event, CoinW is hosting an exclusive afterparty at The Henderson – Cloud 39. It will bring together industry pioneers and investors for a night of networking, music, and celebration. With a live DJ and a lineup of performers, the event will mark the official launch of two groundbreaking initiatives: DeriW and WConnect.
Transforming Decentralized Trading
Built on the DeriW Chain and powered by Arbitrum Orbit L3 and Rollup technology, DeriW is set to redefine perpetual trading with:
- Zero Gas Fees: Advanced Layer 3 technology enables ultra-fast, cost-efficient transactions.
- Self-Custodial Wallets: Empowering traders with full control over their funds.
- Dynamic Liquidity Pools: Real-time market adjustments for seamless, high-volume trading.
- Referral Rebates: A decentralized rewards system offering up to 50% in rebates.
With the capability to process 7,000 transactions per second, DeriW delivers a secure, scalable, and efficient trading experience.
A Global Hub for Blockchain Innovation
Next is WConnect, a premier online forum series designed to connect developers, traders, and blockchain communities through in-depth discussions, expert insights, and knowledge sharing.
- AI, RWA & DeFi Trends: Exploring the latest innovations shaping the industry.
- Pro Trading Strategies: Unlocking hidden opportunities and market insights.
- Layer 1 Ecosystems: Showcasing top blockchain projects and their impact.
- Project Development Challenges: Lessons from industry-leading builders.
- Web3 Growth Projections: Analyzing adoption trends and the future of blockchain technology.
WConnect events will be streamed globally on Twitter Spaces, YouTube, and CoinW’s Spot Streaming channel, ensuring accessibility to a worldwide audience.
Join CoinW at Consensus Hong Kong 2025
As a 4 Block sponsor, CoinW is excited to participate in Consensus Hong Kong 2025, a leading event that unites global leaders in crypto, blockchain, and Web3. This elite annual gathering offers a unique opportunity to engage in pivotal conversations and shape the future of decentralized finance and digital assets.
About CoinW
Founded in 2017, CoinW is a globally trusted cryptocurrency exchange serving over 13 million users in 14 countries. With cutting-edge technology, advanced security, and a focus on empowering blockchain innovation, CoinW supports communities worldwide in realizing the transformative power of digital assets.
Twitter Official：https://twitter.com/CoinWOfficial
Research Institute Telegram: https://t.me/CoinW_Research
Telegram EN: https://t.me/coinwoff
Telegram Announcement Official: https://t.me/coinwofficialchannel
YouTube Official: https://www.youtube.com/@CoinWOfficial
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- Oversubscribed Series A Funding Round Was Co-Led By Quona Capital and PayPal Ventures with Participation from Citi Ventures
- Finmo Will Use Funds to Accelerate Product Development and AI Capabilities and Expand Global Reach
SINGAPORE, Feb. 12, 2025 /PRNewswire/ — Finmo, the pioneering all-in-one Treasury Operating System (TOS), today announced its successful oversubscribed $18.5 Million Series A funding round, bringing its total funding to US$27 million. This investment underscores the growing demand for an innovative approach to modern treasury management. With the new funding, Finmo plans to accelerate its product development, invest in AI capabilities, and expand its global reach. The company aims to continue delivering cutting-edge solutions that not only improve operational efficiency but also empower organizations to make informed financial decisions by better harnessing the power of its treasury operating system.
The funding round was co-led by prominent investors Quona Capital and PayPal Ventures with participation from Citi Ventures. Known for their investment focus on cutting-edge fintech companies, these investors’ support is a strong validation of Finmo’s value proposition. Finmo offers a unified platform that addresses the complexities of modern treasury operations.
The Finmo TOS is uniquely designed to address the need for effective treasury management in a global context. It streamlines payment processes, enhances cash flow visibility, manages FX risks, ensures compliance, automates manual tasks, and optimizes financial decision-making, including excess liquidity management. With features such as real-time payment capabilities, modular design for scalability, and a strong emphasis on regulatory compliance, Finmo empowers organizations to optimize their cash management, enhance liquidity, and mitigate financial risks—all within a single platform.
Today’s organizations are global players that demand integrated solutions to streamline their treasury functions. Finmo was developed with a first-hand understanding of what treasurers and CFOs need, ensuring that the platform addresses real-world challenges faced by finance professionals today.
“We are thrilled to have the support of esteemed investors such as PayPal Ventures, Quona, and Citi Ventures,” said David Hanna, CEO and Co-Founder of Finmo. “This funding validates our vision of transforming how global businesses manage their treasury function and enables us to scale our platform, enhance our technology further, and expand into new markets. Underpinning all these developments will be our continued commitment to focus on our customers’ evolving needs to enhance operational efficiency, risk mitigation, and strategic financial decision-making.”
Ashish Aggarwal, Partner at PayPal Ventures, said, “Finmo is redefining treasury operations. Their innovative approach addresses critical pain points faced by businesses in today’s dynamic financial landscape. We are proud to support their journey as they continue to deliver transformative solutions that empower organizations globally.”
“Finmo’s innovative Treasury Operating System addresses critical pain points for businesses operating in multiple geographies, empowering them with seamless cash and FX management capabilities,” said Ganesh Rengaswamy, Co-Founder and Managing Partner at Quona, which co-led the Series A. “With their exceptional founding team and strong financial discipline, we believe Finmo is well-positioned to redefine how businesses manage payments, liquidity and risk, and we are excited to support their vision to revolutionize treasury management and cross-border payments for businesses across APAC and beyond.”
About Finmo
Finmo is a global treasury operating system that empowers businesses to manage cross-border payments, optimize liquidity, and navigate financial complexities with ease. Founded in 2021, Finmo is committed to simplifying treasury operations for businesses of all sizes.
For more information about Finmo and its mission to redefine global treasury operations, visit www.finmo.net.
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Fintech PR
Japan’s Leading Crypto Tax Service, cryptact, Now Available in Canada – Trusted Reports from US$22.50
As Japan’s top crypto tax service, trusted by more than 150,000 users since 2017, cryptact is now available in Canada – offering reliable tax reports at a campaign price of US$22.50. Founded by former Goldman Sachs executives, cryptact brings institutional-grade expertise to simplify cryptocurrency tax filing with accuracy and efficiency.
TORONTO, Feb. 12, 2025 /PRNewswire/ — pafin Inc. (Co-CEOs Amin Azmoudeh and Gaku Saito), the provider of cryptact, a leading cryptocurrency calculation service for tax filing, today announced its official launch in Canada. Founded by former Goldman Sachs executives with extensive experience in finance and investment, cryptact leverages institutional-level expertise to deliver accurate and efficient crypto tax solutions.
To mark this milestone, cryptact is offering a 50% discount on paid plans until April 30, 2025.
Key Features of cryptact
- Japan’s leading crypto tax service: since 2017, cryptact has been the most trusted crypto tax service in Japan, serving more than 150,000 users. Developed by a multicultural startup based in Tokyo, it is built by a team of experts in finance, technology, and blockchain.
- Wide support for exchanges and coins: cryptact supports 24,000+ cryptocurrencies across 137 exchanges and blockchains, offering one of the broadest coverages among crypto tax service providers.
- Comprehensive free access: users can start calculating capital gains, losses and income for exchanges, DeFi, and NFTs, and import up to 100,000 transactions per year – all for free.
- The most affordable tax reports: with a 50% discount, “Basic” plan, normally priced at US$45, is now available for just US$22.50 – offering one of the best values among crypto tax service providers.
- All past tax years covered: by purchasing an annual subscription, users can calculate profit and loss for any year, making it an accessible option for those filing a tax return for the first time.
- Accurate and reliable calculations: developed in collaboration with MetaCounts, a Canadian crypto tax expert, cryptact provides precise calculations for a wide range of transaction types.
- Automatic identification of DeFi and NFT transaction types: users can simply input a wallet address, and cryptact will automatically import all transaction history and identify transaction types, significantly reducing manual work.
- Seamless transition from other services: no past transaction history is required. Users can get started by entering only the cryptocurrencies held as of January 1st of the tax year and their cost basis.
Service page: start using our services for free with just your email address.
About the Canada Launch Campaign
- Eligible Users: Residents of Canada
- Offer： 50% off on new purchases or plan upgrades for all plans (excluding the Data Retention Plan)
- How to Apply the Discount： No coupon code required – simply sign up via the service page above, and the discount will be automatically applied at checkout.
- Offer Period： February 12, 2025 – April 30, 2025, 23:59 EDT
Future Outlook
“We are committed to continuously improving our services to meet the evolving needs of our users. As a trusted partner for cryptocurrency users in Canada, we will expand support for additional cryptocurrencies, exchanges, and blockchains while introducing new features to further enhance our user experience.” said Amin Azmoudeh, Co-CEO, pafin Inc.
Leadership Profiles
Amin Azmoudeh, Co-CEO
After graduating with a BS in Computer Science and a BA in Japanese from the University of Maryland in 2003, Amin joined Goldman Sachs Tokyo as the sole technologist of Tokyo’s GSPS team, a principal strategies unit managing the firm’s capital. In 2005, he changed careers to become a financial analyst with GSPS, and in 2007, he transferred to GSIP (Goldman Sachs Investment Partners) as part of the spin-out of the team into GSAM. As a financial/analyst and portfolio manager, Amin managed listed/unlisted equities, bonds, swaps, interest rate products, foreign exchange, derivatives as well as overall risk management. He was promoted to Managing Director in 2013 and retired from Goldman Sachs on December 31, 2017, to found cryptact.
Gaku Saito, Co-CEO
Having completed a Bachelor’s degree in System Innovation Engineering in 2005 and a Master’s degree in Environmental & Ocean Engineering in 2007 from The University of Tokyo, Gaku joined Goldman Sachs – Asia Special Situations Group, where he executed investments exceeding US$500 million in non-performing and sub-performing loan portfolios, private equity, real estate portfolios, and vessel portfolios. Also, he participated in a number of sponsorship auctions on bankrupt real estate developers. From May 2010 to January 2019, he worked at Goldman Sachs Investment Partners Worked as a portfolio manager at a multi-asset hedge fund, managing an US$800 million portfolio. His main investment strategy was equity long/short in listed companies based on a fundamental approach to building financial models. He also invested in equity derivatives, bond/CDS, FX, and mezzanine loan products. Since February 2019, he has been serving as Co-CEO of cryptact, and in 2021, he was appointed as Chairman of the JCBA Tax Review Department.
About the Team
Cryptact is developed and operated by a diverse, multinational team. With expertise in finance, technology and blockchain, the team brings a global perspective to deliver a trusted and efficient crypto tax service.
About pafin Inc.
Services
Cryptact – Crypto tax calculations: Simplified –
Automatically calculate capital gains, access all the information you need for tax filing, and efficiently manage your portfolio — all in one place. Trusted by over 150,000 active users.
X account: https://x.com/CryptactGlobal
defitact – Your Web3 Sidekick –
defitact allows you visualize, analyze and manage your DeFi assets, NFTs and transactions through a highly intuitive and interactive interface. All features are for free.
Company Name: pafin Inc.
Date Founded: January 2018
Rep. Directors: Amin Azmoudeh, Co-CEO / Gaku Saito, Co-CEO
Equity: 1,364M JPY (Including reserve)
Location: Kojimachi HF Building 5F, Kojimachi 3-2-4, Chiyoda City, Tokyo, Japan 102-0083
Contact for public relations and media/press coverage-related inquiries
[email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/japans-leading-crypto-tax-service-cryptact-now-available-in-canada–trusted-reports-from-us22-50–302375360.html
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