Fintech PR
Singularity Closes $2.2M in Latest Funding Round to Provide Institutions Confidential Access to DeFi
DENVER, Feb. 22, 2024 /PRNewswire/ — Singularity, founded in late 2022, has successfully concluded its second funding round at the end of 2023, with this round led by Gumi Cryptos Capital. The funding will support the development of its protocol, aimed at facilitating compliant access to DeFi as well as ensuring commercial confidentiality for all on-chain activities, with an emphasis on institutional users.
Notable participation from investors such as Nomura’s digital asset subsidiary Laser Digital, Eureka Partners, and previous round investors including Apollo Crypto, Digital Asset Capital Management, and Gandel Invest, underscores top tier institutional and Venture Capital firms’ confidence in Singularity’s vision. With this latest round, Singularity has raised close to US$4 million since its inception.
Singularity is leading the way in developing a KYC/KYB-compliant institutional DeFi access layer, providing access to leading protocols for on-chain institutional participants while prioritizing commercial confidentiality. Users can seamlessly access existing on-chain liquidity and conduct transactions within Singularity, all while benefiting from on-chain anonymity by utilizing advanced zero-knowledge technology.
The initial cohort of institutional users comprises a significant portion of Singularity’s investors, spanning liquid funds, asset managers, and venture capitalists. Singularity stands as one of the first DeFi infrastructure protocols leveraging Noir-based zero-knowledge circuits. Noir is a domain-specific language for SNARK proving systems developed by Aztec Labs. It serves as a universal language for zero-knowledge (ZK) circuits. Users can have confidence in the commercial confidentiality of their on-chain activity protected by state-of-the-art cryptography.
“We look forward to launching in the coming months with our early institutional users. We focused on designing and building in 2023, and, in what was a very difficult year for primary markets, our investors’ commitments validate the institutional need to transact on-chain without information leakages” said Jemma Xu, co-founder of Singularity, “We have an exciting product roadmap ahead with more integrations and multichain deployments. Our immediate focus is on growing our institutional user base.”
“We are proud to support Singularity in their efforts to advance DeFi accessibility. Singularity addresses a crucial need in the market, providing institutional users with both the compliance and the commercial confidentiality necessary to participate in DeFi. We look forward to partnering with Singularity in this journey,” said Miko Matsumura, Managing Partner at Gumi Cryptos Capital.
“We are excited to support Singularity on its journey to bring private and compliant DeFi accessibility to institutions.” said Jez Mohideen, CEO of Laser Digital.
Users can both leverage the underlying existing on-chain liquidity and transact within the Singularity, obfuscating both wallet addresses and order details. At launch, Singularity will be integrated with some of the major DeFi protocols and will continue to grow its integrations to provide users with a diversity of on-chain strategies.
About Singularity:
Singularity, a protocol developed by PG Foundation, is a compliant institutional DeFi access layer that provides access to popular protocols for institutional on-chain participants with commercial confidentiality. Users will have their wallet addresses obfuscated whilst leveraging existing DeFi liquidity. Singularity uses the state-of-the-art UltraPLONK proof system with zero-knowledge circuits based on Noir.
Contact:
Email: [email protected]
Website: thesingularity.network
Twitter: https://twitter.com/singularityzk
LinkedIn: https://www.linkedin.com/company/singularityzk
View original content:https://www.prnewswire.co.uk/news-releases/singularity-closes-2-2m-in-latest-funding-round-to-provide-institutions-confidential-access-to-defi-302067542.html
Fintech PR
Vantage Markets Wins “Best Range of Markets” Award from Compare Forex Brokers 2025
PORT VILA, Vanuatu, Jan. 14, 2025 /PRNewswire/ — Vantage Markets has been honored with “Best Range of Markets” award for 2025 by Compare Forex Brokers, a leading authority in evaluating trading platforms. This accolade reflects Vantage’s commitment to offering an unparalleled range of tradable instruments, leverage options and suitability for diverse trading strategies while maintaining transparency, trust, and innovation.
Justin Grossbard, CEO and Head of Research at Compare Forex Brokers, commended Vantage for setting industry benchmarks, “Your commitment to providing a seamless trading experience, supported by innovative technology and a customer-focused approach, is truly commendable. Trust is at the heart of our industry, and Vantage Markets has continually set the benchmark for integrity and professionalism.”
The recognition celebrates Vantage’s dedication to offering a wide array of CFD markets, empowering traders with flexibility and choice. This includes forex, commodities, indices, shares, ETFs, and bonds CFDs, ensuring clients have access to diverse trading opportunities supported by cutting-edge tools and a robust platform.
Marc Despallieres, Chief Strategy & Trading Officer at Vantage, expressed gratitude for the award, “Winning the ‘Best Range of Markets’ award from Compare Forex Brokers is a proud moment for us. It underscores our dedication to delivering exceptional trading experiences through innovation and trust. This achievement reflects the hard work of our team and the trust our clients place in us. We remain committed to pushing boundaries and providing our global community with unparalleled opportunities.”
As Vantage continues to evolve, the company is focused on maintaining its position as a leader in the trading industry by expanding its offerings, advancing technology, and fostering transparency.
For more information about Vantage Markets and its award-winning services, visit Vantage Markets.
About Vantage
Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.
With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.
trade smarter @vantage
RISK WARNING: CFD trading carries significant risks. You could lose more than your initial investment.
Photo – https://mma.prnewswire.com/media/2597258/Vantage_Markets_Wins_Best_Range_Markets_Award_Compare_Forex_Brokers.jpg
Logo – https://mma.prnewswire.com/media/2506103/Vantage_15_Logo_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/vantage-markets-wins-best-range-of-markets-award-from-compare-forex-brokers-2025-302350107.html
Fintech PR
Connectivity emerges as a top priority when selecting commercial real estate
New research shows connectivity overtakes pricing and amenities when making leasing decisions for office space.
LONDON, Jan. 14, 2025 /PRNewswire/ — A recent study commissioned by Boldyn Networks (Boldyn) reveals that Wi-Fi and cellular connectivity are among the most important considerations for business leaders when choosing their next premises. The report ‘Location. Location. Connectivity.’ surveyed over 2,000 business leaders across the US and UK and found that connectivity now outranks price and amenities when it comes to leasing decisions. While location still ranks as the top factor, Wi-Fi connectivity is a close second, followed by cellular connectivity. And with a staggering number of business leaders (79% in the US/77% in the UK) looking to move to a new building within the next five years, these findings reflect the growing importance of reliable connectivity for commercial tenants.
The significance of connectivity extends beyond just leasing decisions. The report also reveals that four in five business leaders surveyed believe that seamless connectivity has a direct impact on employee productivity. In fact, connectivity is so important to day-to-day operations that nearly every respondent (96% US/94% UK) said they’re willing to pay more in rent to get more robust and reliable connectivity at their premises.
“To meet tenants’ connectivity expectations, today’s leading property owners are prioritizing network infrastructure. Exceptional connectivity fuels business operations, enhances productivity, and boosts employee satisfaction,” stated Jason Caliento, Chief Commercial Officer, US. “At Boldyn we are proud to collaborate with visionary real estate owners and developers across the country who understand the value of investing in advanced network solutions. Together, we design, build, and operate customized network solutions that cater to their unique connectivity needs for the long term.”
The demand for smart building technologies is also on the rise. Nine out of ten US and UK business leaders agree that smart building systems would be good for their business and would improve the tenant experience.
The global smart building market is expected to reach $568.02 billion by 2032,
driven by the need for sustainable, tech-enabled spaces. With real estate responsible for 40% of global carbon emissions, smart technologies—reliant on robust connectivity—will play a crucial role in creating a greener future.
“With the UK driving towards all new buildings being net-zero by 2030, smarter, connected buildings will become a significant way for business leaders to reduce their carbon footprint, optimize energy use and improve operational efficiency” said Gearoid Collins, Commercial Director, Real Estate, Enterprise, Windfarms, UK & Ireland. “And employee expectations are changing towards smart and sustainable workplaces. We’re placing great emphasis on ensuring that business connectivity can support new services and applications that will change how we work today and tomorrow.”
Read Boldyn’s report here: Location. Location. Connectivity.
Read the full press release here.
Media Contact:
[email protected]
Logo – https://mma.prnewswire.com/media/2141806/Boldyn_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/connectivity-emerges-as-a-top-priority-when-selecting-commercial-real-estate-302349569.html
Fintech PR
Thunes and Hyperwallet, a PayPal Service, Expand Payout Access for Merchants Across Asia-Pacific
SAN FRANCISCO, Jan. 14, 2025 /PRNewswire/ — 14 January 2025 – Thunes, the Smart Superhighway to move money around the world, today welcomes Hyperwallet, a PayPal service for global payouts, as a Member of Thunes’ Direct Global Network. As part of this network, Hyperwallet customers can quickly and reliably send money in real-time to more than 450 million mobile wallets and bank accounts across Bangladesh, Indonesia, Malaysia, Philippines, South Korea, and Vietnam[i].
According to a 2024 report by Deloitte on cross-border payments, the Asia Pacific region makes up nearly 70% of global digital wallet spend. With this new alliance, Hyperwallet can help its expansive global merchant base, including some of the world’s best-known ride-hailing super apps, marketplaces and social media platforms, offer customers their preferred method of access to funds.
Floris de Kort, CEO of Thunes, said: “Welcoming PayPal’s Hyperwallet into our Direct Global Network underscores our ability to provide powerful new capabilities to top-tier fintechs. With our extensive network that directly, transparently and dependably connects to over 7 billion bank accounts and mobile wallets worldwide, combined with our SmartX Treasury System and our Fortress Compliance Platform, Thunes is uniquely positioned to support Hyperwallet to increase its reach in fast growing geographies to enhance its cross-border payment services.”
Payout preferences for consumers vary widely across the APAC region depending on banking penetration, the proliferation of real-time payment schemes and the usage of digital wallets in each market. Thunes recently released “From Cash to QR Codes: Unpacking Southeast Asia’s Diverse Payments Culture,” exploring the region’s evolving payment landscape and showcasing digital wallet payment adoption rates of over 30% in countries like the Philippines and Indonesia.
About Thunes:
Thunes is the Smart Superhighway to move money around the world. Thunes’ proprietary Direct Global Network allows Members to make payments in real-time in over 130 countries and more than 80 currencies. Thunes’ Network connects directly to over 7 billion mobile wallets and bank accounts worldwide, as well as 15 billion cards via more than 320 different payment methods, such as GCash, M-Pesa, Airtel, MTN, Orange, JazzCash, Easypaisa, AliPay, WeChat Pay and many more. Thunes’ Direct Global Network differentiates itself through its worldwide reach, in-house SmartX Treasury System and Fortress Compliance Platform, ensuring Members of the Network receive unrivaled speed, control, visibility, protection, and cost efficiencies when making real-time payments, globally. Members of Thunes’ Direct Global Network include gig economy giants like Uber and Deliveroo, super-apps like Grab and WeChat, MTOs, fintechs, PSPs and banks. Headquartered in Singapore, Thunes has offices in 14 locations, including Abidjan, Barcelona, Beijing, Dubai, Hong Kong, Johannesburg, London, Manila, Nairobi, Paris, Riyadh, San Francisco and Shanghai. For more information, visit: https://www.thunes.com/
[i] To date, this is currently live in Korea, with additional markets to light up in 2025.
View original content:https://www.prnewswire.co.uk/news-releases/thunes-and-hyperwallet-a-paypal-service-expand-payout-access-for-merchants-across-asia-pacific-302349236.html
-
Fintech7 days ago
Asian Financial Forum held next week as the region’s first major international financial assembly of 2025
-
Fintech PR7 days ago
OWIT Global Provides Alternative Delivery Models that Adapt to the Continuously Evolving Data Security Demands of the Industry
-
Fintech PR4 days ago
HTX 2025 Outlook: Five Sectors to Look Forward to, and How Trump’s Policy Will Affect Crypto Industry
-
Fintech PR4 days ago
Novo Holdings invests in $200M Series A for Windward Bio launch to advance long-acting treatments for asthma and COPD
-
Fintech PR4 days ago
AZZURRI GROUP LAUNCHES ITS 2024 SUSTAINABLE DINING REPORT AND ACHIEVES FURTHER REDCUTIONS IN CARBON EMISSIONS
-
Fintech PR4 days ago
Fintech nsave launches investment platform, offering people from distressed economies protection from inflation with compliant and safe investments abroad
-
Fintech PR4 days ago
Amrop, a Leading Global Executive Search and Leadership Consulting Firm, Announces New Office in Japan
-
Fintech PR4 days ago
2024 Marks Breakout Year for China’s ETF Market with Unprecedented Growth