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DeFi.org Launches the Open DeFi Notification Protocol Powered by the Orbs Network
Orbs ushers in the next era of decentralized finance by being the infrastructure provider for the new Open DeFi Notification protocol. The new Protocol enters public beta today and can be accessed on Apple and iOS devices.
Tel Aviv, Israel–(Newsfile Corp. – January 25, 2022) – Orbs, together with the greater DeFi community under the DeFi.org banner, introduces the Open DeFi Notification Protocol. The technology is powered by Orbs and helps users acquire decentralized and free mobile notifications for crucial on-chain events. The Open DeFi Notification Protocol supports multiple networks, including Ethereum, Binance Smart Chain, Polygon, and others.
Decentralized finance projects can take advantage of this technology to increase awareness of their offerings. Notifications can pertain to accumulated pending rewards, price changes, near liquidations, contract upgrades, stop-loss limits, governance votes, and anything else developers consider worthwhile communicating.
The Open DeFi Notification Protocol, powered by Orbs, has the support of various top DeFi protocols seeking integration into the mobile application. Thanks to its cross-chain properties, it is easy to integrate protocols across multiple blockchains, including BSC, Polygon, and Avalanche. Moreover, the Open DeFi Notification Protocol accommodates various functionalities, including DEX-AMMs, yield aggregators, vaults, and more.
Launch partners and contributors include Quickswap, Trader Joe, Dot.Finance, Dinoswap, Revault Network, WOWswap and KogeFarm. Supported networks include Ethereum, Binance Smart Chain, Polygon and Avalanche.
Orbs is proud to be the first project to implement this new protocol and contribute to the growing success of the initiative under the DeFi.org banner. Moreover, this Protocol is an example of how Orbs pushes the boundaries of Layer-3 innovation. Its infrastructure layer capable of reading various activities on underpinning Layer-1 and Layer-2 networks provides DeFi users with crucial information to enhance their strategies.
About Orbs
Orbs is a public blockchain infrastructure designed for mass usage applications. The Orbs protocol is decentralized and executed by a public network of permissionless validators using Proof-of-Stake (PoS) consensus.
Orbs unique features designed for interoperability with EVM-compatible blockchains, together with its decentralized network of nodes, allow it to be set up as a separate execution layer (“L3”) operating to enhance the capabilities of EVM smart contracts. By working in conjunction with other L1 and L2 solutions as part of a tiered blockchain stack, Orbs opens up a whole new spectrum of possibilities for DeFi, NFT, Metaverse and GameFi.
Orbs was founded in 2017 and launched its mainnet and token in March of 2019. Orbs is being developed by a dedicated team of more than 30 people, with offices in Tel Aviv, London, Singapore, Tokyo and Seoul.
For more information, please visit www.orbs.com, or join our community at:
Telegram: https://t.me/OrbsNetwork
Twitter: https://twitter.com/orbs_network
Contact:
Ran Hammer
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111510
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Thunes, a global cross-border payments network, is expanding its presence in the United States with the acquisition of Tilia Inc
B2B payments infrastructure company Thunes has inked a definitive agreement to acquire Tilia, a move aimed at propelling its expansion into the US online gaming sector.
Established in 2019, Tilia specializes in offering acceptance and payout services for in-app purchases, creator economies, online games, and virtual worlds.
Upon finalization of the agreement, Thunes will harness Tilia’s technology to provide acceptance services for major payment networks, including American Express, JCB, MasterCard, UnionPay, and Visa, to its clientele.
Furthermore, with Tilia holding licenses in 48 US states and territories, Thunes aims to extend its network reach across the US. Thunes boasts facilitating real-time acceptance and payments through billions of bank accounts, 550 alternative payment methods (APMs), and three billion digital wallets.
Following the acquisition, Tilia will be rebranded as Thunes and continue its operations from its San Francisco headquarters.
As part of the deal, Thunes and Linden Research (Linden Lab), the majority owner of Tilia, have forged a five-year partnership. Under this collaboration, Thunes will provide Linden Lab with its payment processing and payout solutions, enabling gamers to make real-time payments.
Floris de Kort, CEO of Thunes, underscores the company’s ambition in the US market, highlighting the investment in Tilia’s capabilities to provide merchants with direct money movement solutions in and out of the United States. Moreover, de Kort anticipates Tilia’s expertise in token-based payments, online gaming, and virtual worlds to expedite Thunes’ growth in these dynamic sectors.
Brad Oberwager, CEO of Linden Lab, anticipates the acquisition to offer customers enhanced payment options and real-time payouts, thereby enhancing user experience.
The deal is contingent upon regulatory approval, and financial terms have not been disclosed.
Source: fintechfutures.com
The post Thunes, a global cross-border payments network, is expanding its presence in the United States with the acquisition of Tilia Inc appeared first on HIPTHER Alerts.
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Evolution Equity Partners Raises $1.1 Billion and Doubles Down on UK and EU Cybersecurity Investment
The Evolution Technology Fund III LP is the largest dedicated cybersecurity fund raised to date.
Growth and early growth stage investor committed to investing in UK and EU based cybersecurity companies safeguarding the digital world.
LONDON, April 25, 2024 /PRNewswire/ — Evolution Equity Partners announced the final closing of Evolution Technology Fund III, LP on April 16th, 2024, and total capital commitments of $ 1.1 Billion to back visionary entrepreneurs building next generation cybersecurity companies that safeguard the digital world. The fund raise was oversubscribed by existing and new limited partners representing a diversified mix of leading institutions, sovereign investors, insurance companies, endowments, foundations, fund of funds, family offices, and high-net-worth individuals. The capital commitment includes funding from British Patient Capital, the UK’s largest domestic investor in venture and venture growth opportunities and a subsidiary of the British Business Bank.
The capital committed gives Evolution Equity Partners a dedicated pool of capital to pursue opportunities for investment ranging from $20 million to $150 million in cybersecurity. The firm’s strategy is to build a well-diversified portfolio across key cybersecurity company building ecosystems in the United States, United Kingdom, the EU and Israel. Significant investments made to date by Evolution in the United Kingdom and EU include: AVG Technologies, Quantexa, Panaseer, DF Labs, Logpoint, CounterCraft, Cognitive Security, Eperi, Cybsafe, Tatum, Elliptic, Arqit, Metomic amongst 60 portfolio companies the firm has backed.
Richard Seewald, Founder and Managing Partner at Evolution Equity Partners, said, ” Over the past 25 years, we have witnessed firsthand the strong cybersecurity entrepreneurial talent pool in the UK and EU. First, while building AVG Technologies, a European based cybersecurity company that our team took public on the New York Stock Exchange in 2012 and thereafter in numerous European companies we have helped scale. For UK and EU based cybersecurity companies looking to build and grow internationally, Evolution is the ideal partner to equip companies with the knowledge, tools and strategy to drive performance and outcome. The expertise that Evolution has on the ground in Europe is unparalleled in the industry. We look forward to working with best of breed entrepreneurs and building European champions.”
Christine Hockley, Managing Director, Funds at British Patient Capital, said: “Evolution Equity Partners’ cybersecurity specialism coupled with proven investment credentials positions them to successfully support the UK’s leading technology companies as they scale. We are delighted to invest in this fund, which aligns with our objective of supporting promising companies to access the long-term financing they need to fulfil their growth potential.”
Evolution Equity Partners was founded by investor and technology entrepreneurs Richard Seewald and Dennis Smith, who manage and lead the firm, and a specialist team of 30 professionals based out of New York City, Palo Alto, London and Zurich. The team members have been founders, operating executives and investors in leading software companies around the world and are committed to the mission of helping exceptional entrepreneurs develop market leading companies. Evolution Equity Partners’ Centers of
Excellence for Cybersecurity Growth, the firm’s high performance engine, has a clear goal: To provide the ultimate operating playbook on how to effectively take cybersecurity startups from idea to IPO and help equip companies with the knowledge, tools and strategy to drive performance.
About Evolution Equity Partners
Evolution Equity Partners, based in New York City, Palo Alto, London and Zurich, makes investments in rapidly growing cybersecurity software companies that safeguard our digital world. The firm was founded by investor and technology entrepreneurs Richard Seewald and Dennis Smith, who manage and lead the firm and its partners have been involved as founders, investors and as senior operating executives in leading software companies around the world. Evolution currently has over $2 billion of assets under management in a growing portfolio of market leading companies. The Evolution partners include Richard Seewald, Dennis Smith, Taher Elgamal, Aron Khurana, J.R. Smith, Karthik Subramanian, Yuval Ben-Itzhak and Karel Obluk. Learn more at www.evolutionequity.com and follow us at LinkedIn and Twitter.
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View original content:https://www.prnewswire.co.uk/news-releases/evolution-equity-partners-raises-1-1-billion-and-doubles-down-on-uk-and-eu-cybersecurity-investment-302126816.html
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Betterment, a leading digital investment platform, has announced its acquisition of Marcus Invest
Betterment, the leading independent digital investment advisor in the United States, has announced an agreement with Goldman Sachs to acquire Marcus Invest’s digital investing accounts.
Marcus Invest, known for its digitally tailored investment portfolios, will transfer these accounts to Betterment in the coming months.
Having pioneered digital investing over a decade ago, Betterment currently serves more than 850,000 customers and manages assets exceeding $45 billion. With its diversified portfolios, dedication to service excellence, and user-friendly technology, Betterment is an ideal destination for Marcus Invest customers as they work toward their financial objectives.
Goldman Sachs will maintain its focus on its expanding Marcus Deposits platform, serving over three million customers globally and managing well over $100 billion in consumer deposits.
“This acquisition further solidifies our leadership in the digital investing arena,” said Sarah Levy, Betterment’s CEO. “We are thrilled to welcome these customers to Betterment, where our scalable technology platform will continue to support them on their investment journeys.”
Subject to customary closing conditions, the transition of digital investing accounts to Betterment is scheduled for approximately June 29, 2024. Customers will have the option to opt out of this transfer if they choose. Betterment emphasizes that it will only acquire Marcus Invest accounts and assets under management, without acquiring any additional accounts, technology, employees, or operations as part of the transaction.
“As we prioritize our growing Marcus Deposits platform, we made the decision to transition away from our digital investment advisor offering and sought to find a suitable destination for those customers,” said Marcos Rosenberg, global head of Goldman Sachs Marcus. “Betterment was the clear choice for those accounts as we both share a deep commitment to customer satisfaction. We eagerly anticipate continuing to serve our Marcus Deposits customers with exceptional products and experiences.”
Source: fintechnews.ch
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