Fintech PR
Safe Crosses $100 Billion in Assets Secured, Appoints Banking Veteran to Spearhead Institutional Smart Account Adoption
Julian Grigo, former Managing Director at Solaris, appointed by Safe as Head of Institutions and Fintech, aims to onboard institutional finance onto web3 with Safe’s industry-standard smart accounts and account abstraction stack, aligning with evolving industry needs.
ZUG, Switzerland, March 8, 2024 /PRNewswire/ — Safe, the leading smart wallet infrastructure provider, has announced that more than $100 billion in value of digital assets is now secured on Safe smart accounts. In addition to this milestone, the total number of active Safe accounts has surpassed 6 million, with more than 30 million transactions conducted on Safe infrastructure. On the back of this growth, Safe is announcing the appointment of Julian Grigo as Head of Institutions and Fintech. Grigo will be responsible for driving the usage of Safe’s advanced account abstraction stack Safe{Core} to meet the burgeoning demands of institutions navigating the complexities of digital assets.
As the previous Managing Director at Solaris, Europe’s largest banking-as-a-service provider, and Head of Digital Banking and Financial Services at Bitkom, the influential German digital economy association, Grigo brings a deep understanding of the needs and challenges facing institutions and fintechs in the emerging world of decentralized finance (DeFi).
In addition to the appointment of Grigo, Safe’s institutions and fintech focus will see further development of Safe{Core}, its modular and open-source stack enabling account abstraction. The manual processes and reliance on intermediaries in traditional custody often result in substantial overheads, hindering operational efficiency. Safe{Core} addresses these pain points, abstracting away the burdens of institutional custody – including costs and complexity – to enable institutions to explore innovative business models and offer their customers the ability to self-custody.
“Transitioning towards a model where institutions can facilitate crypto services without the cumbersome responsibilities of direct custody represents a major leap forward,” says Grigo. “With Safe{Core} in the driving seat, institutions can rethink traditional custody models, enhancing operational efficiency and minimizing vulnerabilities. We offer unparalleled security and customizable control, enabling institutions to explore new business models.”
The versatility of Safe{Core}, which powers over 200 projects, is already evident in its application across various sectors. Gnosis Pay, BasedApp in Singapore, and the Zeal wallet for neo banking are pioneering examples of how smart account infrastructure reduces onramping costs and empowers more users to leverage self-custody.
Lukas Schor, co-founder at Safe, added: “The impressive growth figures around the usage of Safe’s infrastructure validate the commitment of our team to empowering ownership for everyone, including traditional institutions and fintech organizations. Julian’s expertise combined with our account abstraction stack will enable us to put in the hands of institutions the ability to operate with more security and efficiency that not only meets but surpasses the existing standards in the industry.”
View original content:https://www.prnewswire.co.uk/news-releases/safe-crosses-100-billion-in-assets-secured-appoints-banking-veteran-to-spearhead-institutional-smart-account-adoption-302084064.html
Fintech PR
Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.
On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”
Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.
His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.
As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.
Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
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View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.
Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
About Qatar Development Bank
Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.
For more information, visit: https://www.qdb.qa/
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View original content:https://www.prnewswire.co.uk/news-releases/qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech-wahed-302314778.html
DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
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View original content:https://www.prnewswire.co.uk/news-releases/chinas-aima-brand-electric-motorbike-is-now-in-bangladesh-302314773.html
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