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Deribit Accelerates Institutional Access to Crypto Derivatives with New Hybrid Custody Compatibility

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The hybrid custody model allows for easier onboarding of institutional custodians and brokerages

DUBAI, UAE, Oct. 29, 2024 /PRNewswire/ — Deribit, the leading digital assets derivatives exchange, today announced the launch of support for hybrid custody solutions that allow for quicker onboarding of third-party custodians and brokerages for capital markets traders. At launch, custody firms set to utilize the hybrid model include Fidelity Digital Assets®, Copper Securities, and Zodia, with others set to be onboarded later this year.

Deribit’s support for third-party custody providers is demonstrative of its commitment to providing a secure and trustworthy exchange that allows traders the freedom to choose where their assets are stored – on the exchange or with one of its many partner custodians, some of which use a hybrid model. Deribit’s current third-party custodians are fully integrated with the exchange, allowing traders to leverage all of Deribit’s trading capabilities via an API without the funds ever needing to leave their account. However, these integrations take time, making it harder for institutional traders to access the exchange and giving them fewer options for how to secure collateral. The hybrid custody model solves this problem as custodians are able to offer Deribit as a trading venue without needing full integration, giving traders using Fidelity Digital Assets® and others faster access to the Deribit trading platform.

Deribit CEO Luuk Strijers commented on the news, “At Deribit, we are committed to continually innovating and meeting the evolving needs of our institutional members and make it easier for all to access crypto derivatives markets. Throughout 2024, we have continued to focus on our institutional clients to create a fulsome trading experience in the broader finance ecosystem. Supporting a hybrid custody model marks a significant step forward, providing enhanced flexibility for accessing Deribit’s world-class digital asset derivatives trading offerings. By allowing for a hybrid model with these external custody solutions, we empower our clients while maintaining the seamless trading experience Deribit is known for.”

“Institutional adoption of digital assets is rapidly evolving, and Deribit’s new hybrid custody model is a significant leap forward in that journey. At Galaxy, we recognize the importance of providing institutional investors with the flexibility and security they need to navigate this space confidently,” said Jason Urban, Global Head of Trading at Galaxy. “Deribit’s commitment to integrating with top-tier custodians aligns with our vision of a mature and robust digital asset ecosystem, where innovation and trust are paramount.”

“Derivatives exchanges are an important part of efficient capital markets, and the demand from institutional investors for access to such venues continues to grow. Fidelity Digital Assets is dedicated to delivering robust infrastructure and liquidity for our clients, and our connectivity to Deribit as they roll out third-party custody is a significant milestone in that journey,” said Luke Cuthill, Director of Business Development at Fidelity Digital Assets.

In a hybrid model, Deribit traders leveraging a custodian that isn’t integrated with the exchange will have to store a percentage of assets on the exchange to meet collateral requirements, while the rest will be secured by their custodian of choice. Members will need to deposit 20% of their total assets on Deribit by default, but this number is subject to change depending on trading activity, exposure, risk profiles, and market conditions. Daily settlements of profit and loss occur within the Deribit platform.

About Deribit
Deribit is a centralized, institutional-grade crypto derivatives exchange for options and futures trading based in Dubai, United Arab Emirates. Deribit’s state-of-the-art infrastructure offers instantaneous price discovery, low latency trading, advanced risk mitigation services, and deep liquidity via its network of top-tier market makers. Led by a team with decades of experience in options trading across all markets, Deribit facilitates a significant majority of all crypto options trading and has robust proof of assets and liabilities procedures to ensure the exchange is held to the highest of standards. Deribit has been consistently acknowledged as a leader in space as one of few exchanges to secure the ISO 27001 certificate and was named Best Exchange for Innovation by Hedgeweek.

For additional information, visit: https://www.deribit.com

Media Contact
M Group Strategic Communications (On behalf of Deribit)
[email protected]

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Oxford don Levy’s VC-think-tank Blue Capital announces Hon. Hugh E. Powell as Partner

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Powell is former Advisor to UK Prime Minister David Cameron.

SAN FRANCISCO, Jan. 6, 2025 /PRNewswire/ — Blue Capital, the VC-think-tank firm, has appointed The Honorable Hugh E. Powell as Partner. Powell has served as Advisor for more than a year, providing strategic guidance and now accepts this enhanced role.

“We are enthusiastic to welcome Hugh as Partner,” said Matthew Chase Levy, General Partner of Blue Capital. “His expertise and capabilities will be invaluable as we continue to identify and support the most promising efforts in the sector. Hugh is deeply aligned with our mission to accelerate the transition to a more powerful and secure energy future. I have personally learned a great deal from him during his time advising and look forward to our greater partnership.”

The Hon. Hugh E. Powell brings diplomatic acumen and strategic insight to Blue Capital. As the former Deputy National Security Advisor of the UK under Prime Minister Lord David Cameron, he possesses a deep understanding of the geopolitical landscape and the critical role of energy security in global stability. His experience in navigating complex international relations has been instrumental in guiding Blue Capital’s investment strategy and fostering partnerships across borders. Powell served in Helmand, Afghanistan, and previously in the embassies in Berlin and Paris. He also spent 4 years as an adviser to Macquarie Bank. “I am deeply honored to join Blue Capital as a Partner,” said Powell. “Matthew and the team have built something truly special – a firm with not only a clear vision for the future of energy but also the expertise and network to make that vision a reality.”

Blue Capital was founded by Matthew Chase Levy, Honorary Fellow of Wolfson College, Oxford, the youngest Don in the Fellowship’s history. Levy is the first American physicist to be Sir Isaac Newton Fellow in The Royal Society, an institution re-founded in 1662 by King Charles II.

“The appointment of Hugh as Partner has significantly strengthened Blue Capital’s capabilities. We are honored to have him and his support” said Levy. “Finally, I am grateful to Hon. Jo C. Bamford for his firm’s advice to consider to re-brand to Blue Capital. We admire its elegance.”

About Blue Capital:

Blue Capital is the VC-think-tank that invests in people working to defeat existential threats using free markets. The first to combine a think-tank with a VC, Blue Capital both writes and invests in topical sectors that include fusion power, sustainable energy, and job-positive artificial intelligence. Blue Capital’s strategy is oriented to achieving attractive financial returns whilst increasing the use of responsible power.

Web: www.aeblue.com

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Zoomlion Accelerates Global Expansion with Localized Innovations in Saudi Arabia

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RIYADH, Saudi Arabia, Jan. 6, 2025 /PRNewswire/ — Zoomlion Heavy Industry Science & Technology Co., Ltd. (“Zoomlion”, 1157.HK) successfully hosted a key account networking and technology launch event on December 19 in Riyadh, Saudi Arabia, unveiling 24 localized innovative products and several intelligent construction solutions. The event showcased Zoomlion’s commitment to advancing its globalization strategy and strengthening partnerships in the Saudi market.

The event featured the launch of 24 products across seven major construction equipment categories, including mobile cranes, tower cranes, concrete, earthmoving, aerial work platforms, industrial vehicles and more. Alongside these innovations, the company introduced three intelligent solutions tailored for mining, nuclear plants, and infrastructure projects, as well as five core intelligent systems.

At the event, Zhan Chunxin, Chairman and CEO of Zoomlion, engaged with clients on product quality, service efficiency, and spare parts support. He also visited local construction project sites, connecting closely with local clients. His visit reinforced the company’s dedication to deepening collaboration and meeting the evolving needs of the Saudi market.

Zoomlion has designed its products with precise adaptability according to the environment and working conditions to meet local needs. The fully tested and verified products also take the Saudi drivers’ control routine habits into consideration to elevate the operating experience.

Clients expressed their confidence in Zoomlion’s capabilities, with Shawaf, Vice President of SHAWAF Company, highlighting their decade-long partnership as a testament to the mutual trust and success shared by both parties. He stated that the event was a great opportunity to connect with more industry peers and he hopes SHAWAF and Zoomlion can further strengthen their cooperation and achieve win-win success.

Zoomlion has been a key player in the Saudi market since entering the region in 2006. In 2021, the company established a local subsidiary and developed a comprehensive service network comprising 16 branches under its “1+11+4” structure. This framework enables full-coverage services, timely technical support, and efficient spare parts supply, further solidifying its reputation as a trusted partner in the region. Over the years, Zoomlion’s strategic presence has contributed to its sustained growth and strengthened its relationships with clients.

The Saudi market serves as a pivotal region for Zoomlion’s global strategy and a critical platform for advancing localized technology and achieving mutual growth. Through continued innovation in products and services, Zoomlion aims to deliver superior experiences to customers in Saudi Arabia and neighboring regions, reinforcing its competitive edge.

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Hyundai Motor Group Executive Chair Euisun Chung Outlines 2025 Vision Driven by Commitment to Innovation, Overcoming Challenges, and Creating Opportunities in New Year’s Message

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  • Hyundai Motor Group celebrates New Year at Hyundai Motorstudio Goyang, emphasizing open communication with employees at flagship space
    … Executive Chair Euisun Chung highlights the need to face challenges head on at 2025 New Year’s Remarks, strengthening the Group’s vision
    … Key HMG executives held ’roundtable’, discussing the future global business environment and the Group’s vision following questions from employees
  • Executive Chair Chung underscores the need for perspective in facing difficulty, emphasizing innovation and overcoming challenges is part of the Group’s DNA
    … Preparation and fundamental capabilities are key Hyundai Motor Group assets to help navigate and embrace change
    … Agile responses to unexpected challenges through flexible processes and a culture of unified action to achieve collective goals
  • Open culture where talent can thrive and teamwork is further strengthened to underscore the Group’s resilience and focus on opportunities for growth
    … Ensuring an environment where creative and enthusiastic individuals can demonstrate their capabilities to the fullest
    … Investment in key business areas and strategic collaboration with partners

SEOUL, South Korea, Jan. 6, 2025 /PRNewswire/ — Hyundai Motor Group (the Group) today held its annual New Year’s Address, with Executive Chair Euisun Chung outlining the Group’s focus for 2025: overcoming challenges through a commitment to innovation, embracing change, and further strengthening teamwork.

Held at Hyundai Motorstudio Goyang, near Seoul, this year’s event adopted a new format to drive in-depth dialogue among attendees, discussing the global business environment for the year ahead and the Group’s strategic direction.

Executive Chair Chung began by thanking Hyundai Motor Group employees around the world. “We achieved a lot last year,” he said. “These achievements were the result of your tireless efforts to deliver the quality, trust and experience our customers expect. I extend my deepest gratitude to you all.”

He continued by emphasizing the importance of facing both internal and external challenges over the year ahead, as well as the potential for global growth across the Group’s operations by overcoming adversity through its commitment to innovation, further strengthening teamwork, and a proactive approach to creating future opportunities.

“Innovation is in Hyundai Motor Group’s DNA. If we continue to embrace change and pursue innovation, we can overcome any test or difficulty we may face,” said Executive Chair Chung.

Executive Chair Chung also reinforced Hyundai Motor Group’s resilience and its ability to further strengthen its position as a global mobility leader by looking for opportunities in every challenge.

“There is no need to be intimidated by uncertainties ahead. Without challenges, we risk becoming complacent, which presents a bigger danger. We cannot assume success in 2025 simply because of our strong performance last year. But we should also not be pessimistic as a defensive mindset can stifle innovation. Challenges can sharpen awareness and drive action – Hyundai Motor Group has successfully navigated challenges in the past and emerged stronger. We will do the same again.”

Addressing challenges and creating opportunities

Executive Chair Chung categorized two types of challenges the Group is facing – ‘predictable’ and ‘unexpected’ – and outlined strategies for overcoming both.

He stressed that thorough preparation is key in overcoming predictable challenges, adding that “It’s not simply about eliminating risks, but about a comprehensive understanding of the background, context, and historical trends to create opportunities for future growth.”

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Chung continued by highlighting the importance of fundamental capabilities as a key factor in addressing unexpected challenges, including flexible and open processes, a culture of objective analysis and agile response, and continuous, unified action to achieve the Group’s shared goals.

With the appointment of José Muñoz as Hyundai Motor’s first non-Korean CEO, Executive Chair Chung emphasized this milestone as “a clear expression of our commitment to innovation”, reiterating the Group’s dedication to creating a global culture where talented individuals are recognized and can thrive regardless of their nationality, gender, seniority or background.

Executive Chair Chung closed the Group’s 2025 New Year’s Address by highlighting that “We must expand our strong commitment to innovation,” linking leadership in industrial change and technological development, strategic investment in core areas for the Group, and collaboration with other partners when necessary.

“Our greatest asset is our people. Their talent and resilience mean we do not retreat when we face adversity – we innovate,” said Executive Chair Chung, closing the roundtable. “We embrace challenges as opportunities to grow stronger and to shape a brighter, more sustainable future. We will continue to work together in 2025 to further strengthen Hyundai Motor Group’s collective vision.”

More information about Hyundai Motor Group can be found at: http://www.hyundaimotorgroup.com

Hyundai Motor Group Executive Chair Euisun Chung Outlines 2025 Vision Driven by Commitment to Innovation, Overcoming Challenges, and Creating Opportunities in New Year’s Message (PRNewsfoto/Hyundai Motor Group)

 

Hyundai Motor Group Executive Chair Euisun Chung Outlines 2025 Vision Driven by Commitment to Innovation, Overcoming Challenges, and Creating Opportunities in New Year’s Message (PRNewsfoto/Hyundai Motor Group)

 

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