Fintech PR
Butn Ltd and APX Lending to Form Joint Venture to Capture $20 Billion APAC Crypto-Backed Lending Market.
Strategic partnership to redefine crypto-backed lending across Australia, New Zealand, and the broader APAC region
Key highlights:
- Butn Ltd and APX Lending sign binding MOU to launch Crypto-Backed lending product in Australia and New Zealand in Q2 2025
- Strategic partnership to redefine under-serviced crypto-backed lending across Australia, New Zealand and the broader APAC region
MELBOURNE, Australia and TORONTO, Dec. 9, 2024 /CNW/ – Butn Ltd (ASX: BTN), a leading Australian-based transactional funder has entered into a binding Memorandum of Understanding (MOU) with Canadian crypto-backed lending platform APX Lending to form a Joint Venture that will redefine crypto-backed lending across Australia, New Zealand and APAC. The partnership combines Butn’s regulatory expertise and local market leadership with APX Lending’s advanced crypto-backed lending technology to create a compliant and secure platform, offering under-serviced borrowers unparalleled access to regulated crypto-backed lending in the region.
By merging Butn’s expertise in lending and local market insights with APX Lending’s advanced crypto-backed lending technology, the partnership aims to establish a new standard for safe, secure and regulated crypto-backed lending in the APAC region.
The Joint Venture is on track for a launch across Australia and New Zealand in Q2 2025, with subsequent expansion planned across APAC and is well positioned to become the leading regulated crypto-backed lending platform in this rapidly growing and under-serviced market.
Andrei Poliakov, CEO of APX Lending, added, “This partnership with Butn is a major milestone in our mission to deliver secure, regulated and innovative crypto-backed lending solutions globally. By combining our technology with Butn’s regulatory expertise and experience lending in Australia and New Zealand, we’re offering a transformative crypto-backed lending solution to the APAC market. As APX Lending continues to grow internationally, we are committed to partnering with top regional leaders to build a global powerhouse in regulated crypto-backed lending.”
Butn’s Co-founder and Co-CEO, Rael Ross said, “This JV with APX Lending represents a significant opportunity off the back of Butn’s Retail Private Credit Fund launch earlier this year and the expansion of Butn’s leading suite of transactional funding products to now include secure and innovative crypto-backed lending solutions. With Bitcoin hitting $USD100,000, combined with APX Lending’s extensive crypto know-how, there has never been a better time for Butn to offer a transformative, crypto-backed lending solution to the APAC market. This announcement and subsequent launch show the true nature, robustness and popularity of the Butn suite of product offerings following the milestone of over $2 Billion in originations since inception.”
The Joint Venture will empower crypto holders in Australia, New Zealand and the larger APAC region to unlock liquidity by borrowing against their crypto assets on a compliant, safe and secure platform. APX Lending continues to see unprecedented loan demand in Canada and the U.S. whilst Butn has fielded many inquiries from potential borrowers in APAC, underlining the surging demand for crypto-backed loans globally. With this Crypto Lending product suite live in APAC in Q2 2025, Butn and APX Lending seek to lead the market with their leading technology and lending expertise.
About APX Lending
APX Lending is a leading Bitcoin and Ethereum-backed lending platform, registered with FINTRAC in Canada and FinCEN in the U.S., dedicated to providing compliant, safe, and secure lending solutions to individual and institutional clients globally. Founded by Andrei Poliakov, co-founder of Coinberry, one of Canada’s largest regulated crypto trading platforms, APX Lending is redefining the landscape of crypto-backed lending with a focus on transparency, security, and regulatory compliance. Leveraging cutting-edge technology and a deep understanding of the digital asset space, APX Lending seeks to serve a rapidly growing global market. With a seasoned team of industry experts, APX Lending offers innovative crypto-backed lending products, including a white label solution for banks, credit unions, and financial institutions worldwide.
For more information, please visit www.apxlending.com.
About Butn Ltd.
Butn Limited (ASX: BTN) is an Australian Business-to-Business (‘B2B’) funder innovating the way SMEs fund and grow their businesses. Butn focuses on transactional funding – funding SME businesses through their working capital constraints by financing individual transactions, leveraging the end debtor’s credit. With a vision of “Your money, today” Butn delivers cashflow funding solutions at the click of a Butn having funded over $2 billion to Australian businesses. For more information visit www.butn.co
View original content:https://www.prnewswire.co.uk/news-releases/butn-ltd-and-apx-lending-to-form-joint-venture-to-capture-20-billion-apac-crypto-backed-lending-market-302326107.html
Fintech PR
Kazakh Activists Launch Global Movement to Save the Caspian Sea
ALMATY, Kazakhstan, Dec. 12, 2024 /PRNewswire/ — Kazakh environmental activists, scientists, and thought leaders are calling on the international community to address the unfolding ecological crisis of the Caspian Sea with the launch of a new global movement, Save the Caspian Sea.
Once the largest enclosed inland body of water, supporting over 270 million people across Russia, Kazakhstan, Turkmenistan, Iran, and Azerbaijan, the Caspian Sea is now in peril. Water levels are dropping at an alarming rate of 70 centimeters per year, with parts of Kazakhstan already witnessing shoreline retreats of up to 18 kilometers. By the end of the century, the sea could shrink by another 18 meters, bringing catastrophic consequences to coastal communities, local economies, and ecosystems dependent on this vital resource. The crisis is already evident in the mass die-off of rare Caspian seals, with over 4,000 carcasses discovered in just the past two years, a grim indicator of the environmental disaster unfolding.
“Despite years of discussions, conferences, and isolated NGO efforts, the situation is worsening. The Caspian Sea is at a critical turning point, and the choices we make now will define its future. It’s time for all stakeholders—governments, industries, and communities—to come together in a coordinated effort to safeguard this unique and vital ecosystem,” said Vadim Ni, environmental and climate law attorney, director of the Social and Environmental Fund, and founder of Save the Caspian Sea. “We are committed to fostering collaboration, transparency, and meaningful investments to ensure the Caspian Sea remains a source of life and prosperity for generations to come.”
The movement draws strength from its global network of partners and supporters. Among them are Kate Watters of Crude Accountability, Galina Chernova of NGO Globus Centre for Environmental Law Initiative, and Tatyana Sedova from the Extractive Industries Transparency Initiative (EITI). These partners bring expertise in corporate accountability, biodiversity conservation, and transparent governance to the campaign. “We are leveraging global expertise and resources to address this crisis and demand justice, transparency, and preservation for one of the world’s most significant ecosystems,” said Kate Watters, Executive Director of Crude Accountability.
Speaking at the movement’s launch event, Galina Chernova, a leading environmental expert and a key advocate for the campaign, emphasized the urgency of global action. “The Caspian Sea is not just a regional issue; it is a global crisis. What happens here affects ecosystems, economies, and people far beyond its shores. We are at a crossroads. This campaign is not just about saving water or wildlife—it’s about protecting livelihoods, cultural heritage, and the natural balance of our planet. Together, we can turn the tide.”
As part of its action plan, Save the Caspian Sea will focus on coordinating and promoting conservation research to inform sustainable policies and practices. The movement will also prioritize fundraising for restoration initiatives aimed at mitigating biodiversity loss and reversing environmental degradation. Additionally, it will organize international events and awareness campaigns to engage stakeholders and amplify the urgency of protecting the Caspian Sea. Finally, it seeks to develop partnerships with governments, NGOs, and corporations to foster collaborative solutions.
Save the Caspian Sea aims to engage millions worldwide through a global awareness campaign, amplified by the hashtag #SaveTheCaspian across social and traditional media platforms. By galvanizing public support, the movement seeks to pressure decision-makers into prioritizing urgent preservation efforts for this critical ecosystem.
For more information about the movement, how to get involved, or to arrange interviews with key campaign figures, please visit www.savethecaspiansea.com or contact [email protected].
About Save the Caspian Sea (SCS)
The Save the Caspian Sea (SCS) is an international movement dedicated to addressing the environmental challenges facing the Caspian Sea. Through advocacy, education, and collaboration, the campaign aims to preserve the sea’s unique ecosystem and ensure a sustainable future for the millions of people who depend on it.
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View original content:https://www.prnewswire.co.uk/news-releases/kazakh-activists-launch-global-movement-to-save-the-caspian-sea-302330228.html
Fintech PR
HashKey Chain Launches $50 Million Atlas Grant Program to Empower Global Web3 Developers
HONG KONG, Dec. 12, 2024 /PRNewswire/ — On December 10, HashKey Chain announced the $50 million Atlas Grant Program to support global Web3 projects. This initiative aims to drive innovation in the OP Stack ecosystem, accelerate HashKey Chain’s application layer growth, and boost on-chain adoption.
HashKey Chain leverages OP Stack technology to enhance transaction speed and reduce fees. This open-source framework powers Optimism’s L2 Rollup and allows developers to build customizable Layer 2 blockchains with Ethereum’s security.
The grant pool includes $50 million in HSK tokens, with $10 million allocated initially. Funding is tied to milestone achievements by developers and teams building on HashKey Chain.
Key Areas of Focus:
- RWA (Real-World Assets): Tokenization of financial assets for liquidity and transparency.
- PayFi, stablecoins, and BTCFi: Driving blockchain adoption in finance.
Hong Kong’s role as a financial hub makes it ideal for RWA tokenization, aligning with HashKey Chain’s compliance-focused strategy to bring traditional financial products on-chain.
CEO Statement:
“We are excited to announce the $50 million Atlas Grant Program to the global market,” said Kay, CEO of HashKey Chain. “We hope individuals, teams, and organizations joining the HashKey Chain ecosystem share a strong confidence in the future of the crypto industry. Together with HashKey Chain, we aim to build a thriving and open Web3 ecosystem, creating groundbreaking applications with real traction across major blockchains while achieving meaningful returns in the process.”
The first phase allocates $10 million in HSK tokens, with applications open from December 10, 2024, to January 10, 2025. Grant recipients will be announced on January 20, 2025.
X:@HashKeyHSK
Application: https://github.com/orgs/HashkeyHSK/discussions/new?category=session-1
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View original content:https://www.prnewswire.co.uk/news-releases/hashkey-chain-launches-50-million-atlas-grant-program-to-empower-global-web3-developers-302330308.html
Fintech PR
Allego and RAIN Group Unveil Groundbreaking Research on Continuous Learning and Sales Performance
New study reveals only 33% of companies have effective sales training, explores gaps and opportunities for organizations to elevate sales performance
WALTHAM, Mass., Dec. 12, 2024 /PRNewswire/ — Allego™, the leading provider of revenue enablement solutions, in partnership with RAIN Group, a global sales training company, today announced the findings of their latest study, The Impact of Continuous Learning on Sales Performance. This landmark research underscores the transformative power of continuous learning for sales teams, revealing that organizations embracing this approach are more likely to see higher performance, reduced turnover, and stronger engagement.
The study, based on responses from over 240 sales and sales enablement professionals across industries, including financial services, medical devices and pharmaceuticals, highlights critical continuous learning practices that set high-performing sales teams apart. The findings show that top-performing teams:
- Are 5.5 times more likely to use skill assessments to identify gaps.
- Are 2.9 times more likely to prioritize mentorship and coaching.
- Integrate learning directly into the flow of work, improving productivity and reducing time-to-ramp.
“This research confirms what we’ve long believed. Continuous learning isn’t just a competitive advantage; it’s essential for driving sales success in today’s dynamic environment,” said Deniz Olcay, VP of Marketing at Allego. “By embedding learning into daily workflows and leveraging technology, organizations can transform their teams into agile, high-performing units.”
The report highlights the role of technology in driving continuous learning, with top companies using modern sales enablement platforms to deliver personalized, just-in-time training. These platforms not only enhance sales skill development but also foster sales team alignment and improve knowledge retention.
Key Findings Include:
- Enhanced Retention and Productivity: Organizations with highly effective training programs are 4.9 times more likely to see faster time-to-productivity and significantly lower turnover.
- Mentorship as a Game-Changer: Sales teams prioritizing mentorship and coaching are nearly 3 times as likely to have effective training programs.
- Actionable Learning Insights: Companies leveraging data to tailor and measure their training programs achieve measurable improvements in performance and engagement.
“With only a third of companies achieving tangible results from sales training, there’s a significant opportunity to adopt a more effective approach,” said Erica Schultz, CMO of RAIN Group. “Our research identifies high-impact strategies that drive real change, deepen skill acquisition, and foster continuous improvement across sales teams. By seamlessly integrating onboarding with ongoing learning, organizations can lower turnover, shorten ramp-up times, and build well-prepared teams equipped for sustained success.”
The full research report offers a detailed roadmap for organizations to implement continuous learning strategies and elevate their sales performance. To access the report and learn how continuous learning can transform your sales organization, visit Allego.com.
About Allego
Allego is the leader in modern revenue enablement technology. With Allego, you’ll ready more confident teams, curate impactful content, and engage buyers effectively—all within a unified platform. What sets Allego apart is the company’s expertise in driving adoption across revenue teams to foster alignment and knowledge sharing in the flow of work. This results in up to 50% reduction in software spend, 50% shorter sales cycles, and 45% higher win rates, propelling revenue growth. Learn more about how Allego can transform your sales enablement into a growth-driving powerhouse at www.allego.com.
About RAIN Group
RAIN Group is an award-winning leader in sales transformation, with over 20 years of researching and enabling top sales performance. RAIN Group’s modular, multi-modal approach to sales training provides flexible and customizable solutions for complex global teams. Trusted by leading companies, RAIN Group partners with clients to ensure learning is adopted, creates lasting behavior change, and drives measurable results. Learn more at www.raingroup.com.
Allego Contacts:
Michelle Davidson
[email protected]
“Allego” is a registered trademark of Allego, Inc.
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View original content:https://www.prnewswire.co.uk/news-releases/allego-and-rain-group-unveil-groundbreaking-research-on-continuous-learning-and-sales-performance-302329233.html
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