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I-ON Digital Corp to Showcase Critical Enhancements to Its Gold-Backed Digital Asset Ecosystem and Forthcoming Trust Framework at Upcoming Industry Events

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I-ON Digital Corp CEO, Carlos X. Montoya, is set to attend Mines and Money Miami Investor Conference and the U.S. Payments Forum in Salt Lake City.

Chicago, Illinois–(Newsfile Corp. – February 22, 2023) – I-ON Digital Corp (OTCQB: IONI) is proud to announce that its new management team will attend a series of industry events over the next several weeks with the goal of introducing new enhancements to the industry’s first institutional-level Gold-Backed Digital Asset Ecosystem, as well as the Company’s upcoming launch of its ION Digital Trust Framework inside the financial services and healthcare industries.

The first event on I-ON’s schedule is the strategic Mines and Money Investor Conference, occurring February 23-24 in Miami, Florida. This event is designed to help investors identify investment opportunities and gain insights into current market trends, focusing on metals and mining. I-ON will showcase groundbreaking enhancements being made to the original Gold-Backed Digital Asset Ecosystem Mr. Montoya engineered in early 2017. The Company expects that I-ON’s gold digitization process will allow investments in gold-backed digital securities backed by unrefined gold reserves held in the planet’s most secure vault – Mother Earth.

“We’ve been very heavily focused on expanding what had originally been developed by our initial team members at MCM and Tall Ship Partners Fund in 2017 when we launched the world’s first institutional-level ecosystem,” said I-ON Digital Corp CEO Carlos X. Montoya. “With the introduction of ION’s Digital Trust Framework, we will look to add precious metals to our digitization process. We expect to enhance proof of reserve protocols, strengthen independent financial custody, expand tier-one client and investor reporting, and streamline account management using Blockchain and Smart Contract technologies.”

Following this event, I-ON will be attending U.S. Payments Forum on February 27-March 2 in Salt Lake City, Utah. This conference focuses on payment solutions and trends within the financial services industry. During this time, the ION team will highlight their Trust Framework technology, which utilizes blockchain technology and workflow automation to create an immutable audit trail for payment transactions while maintaining customer identity, privacy, and data security standards required by law.

“The ION Trust Framework was engineered to further protect consumer identity, facilitate secure and compliant wealth transfer, and strengthen individual data sovereignty protection as a top priority,” said Montoya. “The concept of Distributed Trust is an essential and much-needed solution for financial and data transactions worldwide to ensure compliance with emerging international identity, consent, and transmission standards, and we believe it has great potential not only in the traditional finance sector but also in other industries such as healthcare.”

These two upcoming events offer an exciting opportunity for I-ON to demonstrate its technological capabilities further and strengthen relationships with its industry partners worldwide.

About I-ON Digital Corp
I-ON Digital Corp (the “Company”) designs, develops, and acquires technologies used to deploy fully compliant, institutional-level ecosystems that fuel precious metals digitization, safe and secure wealth transfer, and data and identity sovereignty for a new generation of financial and data-driven transactions. The Company’s channels for value creation include, but are not limited to, service fees associated with asset digitization, secure transactional revenues, and the licensing of the Company’s growing intellectual property portfolio for offerings to prominent institutional organizations within the financial, healthcare, and information technology services marketplace. Additional information is available at https://iondigitalcorp.com/.

About Mines and Money
Mines and Money is the leading international event series connecting sophisticated investors worldwide with mining company management teams online and in person. With an unrivaled network of thousands of international investors, our events are the place where professional investors meet exciting explorers on the cusp of the next big discovery, near-production development companies, and cash-generative producers to discuss their next big mining investment.

Senior management teams of mining companies can connect with institutional and private investors worldwide at Mines and Money events. Our online meetings platform will help you to schedule lucrative meetings so you can provide project updates, share presentations, and discuss with pre-qualified investors why they should invest in your Company.

About the U.S. Payments Forum
The U.S. Payments Forum is a cross-industry body that brings stakeholders together on neutral ground to enable efficient, timely, and effective implementation of emerging and existing payment technologies. This is achieved through education, guidance, and alternative paths to adoption. The Forum is the only non-profit organization whose membership includes the whole payments ecosystem, ensuring that all stakeholders have the opportunity to coordinate, cooperate and have a voice in the future of the U.S. payments industry. The organization operates within the Secure Technology Alliance, an association that encompasses all aspects of secure digital technologies.

Forward-Looking Statements
This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may,” “would,” “could,” “will,” “intend,” “look to,” plan,” “anticipate,” “believe,” “estimate,” “expect,” “seek,” “potential,” “outlook,” and similar expressions are intended to identify forward-looking statements. Such statements, including, but not limited to, I-ON’s current views with respect to future events and its financial forecasts, are subject to such risks and uncertainties. Many factors could cause actual results to differ materially from the statements made, including those risks described from time to time in filings made by I-ON with the Securities and Exchange Commission. In addition, there is uncertainty about the further spread of the COVID-19 virus or new variants thereof, or the occurrence of another wave of cases and the impact it may have on the Company’s operations, the demand for the Company’s products, global supply chains and economic activity in general. These and other risks and uncertainties are detailed in the Company’s filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. Statements in this news release regarding past trends or activities should not be taken as a representation that such trends or activities will continue. I-ON does not intend and does not assume any obligation to update these forward-looking statements, other than as required by law.

SOURCE: I-ON Digital Corp

Media Contact:
Ken Park
[email protected]

(866) 440-2278
www.iondigitalcorp.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/155684

Fintech

Central banks and the FinTech sector unite to change global payments space

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The BIS, along with seven leading central banks and a cohort of private financial firms, has embarked on an ambitious venture known as Project Agorá.

Named after the Greek word for “marketplace,” this initiative stands at the forefront of exploring the potential of tokenisation to significantly enhance the operational efficiency of the monetary system worldwide.

Central to this pioneering project are the Bank of France (on behalf of the Eurosystem), the Bank of Japan, the Bank of Korea, the Bank of Mexico, the Swiss National Bank, the Bank of England, and the Federal Reserve Bank of New York. These institutions have joined forces under the banner of Project Agorá, in partnership with an extensive assembly of private financial entities convened by the Institute of International Finance (IIF).

At the heart of Project Agorá is the pursuit of integrating tokenised commercial bank deposits with tokenised wholesale central bank money within a unified, public-private programmable financial platform. By harnessing the advanced capabilities of smart contracts and programmability, the project aspires to unlock new transactional possibilities that were previously infeasible or impractical, thereby fostering novel opportunities that could benefit businesses and consumers alike.

The collaborative effort seeks to address and surmount a variety of structural inefficiencies that currently plague cross-border payments. These challenges include disparate legal, regulatory, and technical standards; varying operating hours and time zones; and the heightened complexity associated with conducting financial integrity checks (such as anti-money laundering and customer verification procedures), which are often redundantly executed across multiple stages of a single transaction due to the involvement of several intermediaries.

As a beacon of experimental and exploratory projects, the BIS Innovation Hub is committed to delivering public goods to the global central banking community through initiatives like Project Agorá. In line with this mission, the BIS will soon issue a call for expressions of interest from private financial institutions eager to contribute to this ground-breaking project. The IIF will facilitate the involvement of private sector participants, extending an invitation to regulated financial institutions representing each of the seven aforementioned currencies to partake in this transformative endeavour.

Source: fintech.globa

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Fintech

TD Bank inks multi-year strategic partnership with Google Cloud

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TD Bank has inked a multi-year deal with Google Cloud as it looks to streamline the development and deployment of new products and services.

The deal will see the Canadian banking group integrate the vendor’s cloud services into a wider portion of its technology solutions portfolio, a move which TD expects will enable it “to respond quickly to changing customer expectations by rolling out new features, updates, or entirely new financial products at an accelerated pace”.

This marks an expansion of the already established relationship between TD Bank and Google Cloud after the group previously adopted the vendor’s Google Kubernetes Engine (GKE) for TD Securities Automated Trading (TDSAT), the Chicago-based subsidiary of its investment banking unit, TD Securities.

TDSAT uses GKE for process automation and quantitative modelling across fixed income markets, resulting in the development of a “data-driven research platform” capable of processing large research workloads in trading.

Dan Bosman, SVP and CIO of TD Securities, claims the infrastructure has so far supported TDSAT with “compute-intensive quantitative analysis” while expanding the subsidiary’s “trading volumes and portfolio size”.

TD’s new partnership with Google Cloud will see the group attempt to replicate the same level of success across its entire portfolio.

Source: fintechfutures.com

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Fintech

MAS launches transformative platform to combat money laundering

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The MAS has unveiled Cosmic, an acronym for Collaborative Sharing of Money Laundering/Terrorism Financing Information and Cases, a new money laundering platform.

According to Business Times, launched on April 1, Cosmic stands out as the first centralised digital platform dedicated to combating money laundering, terrorism financing, and proliferation financing on a worldwide scale. This move follows the enactment of the Financial Services and Markets (Amendment) Act 2023, which, along with its subsidiary legislation, commenced on the same day to provide a solid legal foundation and safeguards for information sharing among financial institutions (FIs).

Cosmic enables participating FIs to exchange customer information when certain “red flags” indicate potential suspicious activities. The platform’s introduction is a testament to MAS’s commitment to ensuring the integrity of the financial sector, mandating participants to establish stringent policies and operational safeguards to maintain the confidentiality of the shared information. This strategic approach allows for the efficient exchange of intelligence on potential criminal activities while protecting legitimate customers.

Significantly, Cosmic was co-developed by MAS and six leading commercial banks in Singapore—OCBC, UOB, DBS, Citibank, HSBC, and Standard Chartered—which will serve as participant FIs during its initial phase. The initiative emphasizes voluntary information sharing focused on addressing key financial crime risks within the commercial banking sector, such as the misuse of legal persons, trade finance, and proliferation financing.

Loo Siew Yee, assistant managing director for policy, payments, and financial crime at MAS, highlighted that Cosmic enhances the existing collaboration between the industry and law enforcement authorities, fortifying Singapore’s reputation as a well-regulated and trusted financial hub. Similarly, Pua Xiao Wei of Citi Singapore and Loretta Yuen of OCBC have expressed their institutions’ support for Cosmic, noting its potential to ramp up anti-money laundering efforts and its significance as a development in the banking sector’s ability to combat financial crimes efficiently. DBS’ Lam Chee Kin also praised Cosmic as a “game changer,” emphasizing the careful balance between combating financial crime and ensuring legitimate customers’ access to financial services.

Source: fintech.global

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