SINGAPORE, April 30, 2024 /PRNewswire/ — SUNRATE, an intelligent global payment and treasury management platform announced its partnership with YeePay, a leading enterprise payment solutions provider, to empower Chinese companies to expand into global markets.

With the ongoing trend of increased interconnectivity across the globe, China will continue to be an important player in global development, and Chinese enterprises are more than ever, playing crucial roles on the international stage. However, in order to better adapt to international competition and respond to global challenges, setting up and adherence to robust compliance frameworks have become the core competitiveness and inevitable requirement of international enterprises. Among the challenges, the compliance and security of cross-border B2B payments are major challenges that enterprises face in the process of internationalisation.

As the State Council unveiled the Regulations on the Supervision and Administration of Non-bank Payment Institutions (hereinafter referred to as the Regulations), which will take effect on May 1, 2024, YeePay and SUNRATE will actively embrace all regulatory requirements and help small and medium-sized enterprises (SMEs) to go global seamlessly – by building a compliant and secure one-stop global business payment solution, and assessing global growth opportunities.

Bin Tang, Founder and CEO at YeePay said, “The strategic cooperation between YeePay and SUNRATE will further enhance the compliance and security of cross-border payments. Both SUNRATE and YeePay will continuously strengthen risk management, protect user rights, and actively explore new cooperation models and services to provide Chinese enterprises expanding globally with secure, convenient, and cost-effective payment and transaction services. In addition, we hope to see more partners joining us, providing better transaction services for Chinese enterprises to expand globally.”

Paul Meng, Co-Founder at SUNRATE said, “For SUNRATE, security and compliance are the bedrock of our business operations. As we expand into different markets, SUNRATE maintains compliant operations locally, including in-depth collaboration with well-known local financial institutions. We are pleased to have forged a strategic partnership with YeePay, which will allow both companies to work together, to create safer and more efficient global business payment and collection services for Chinese enterprises.”

About SUNRATE

SUNRATE is an intelligent global payment and treasury management platform for businesses worldwide. Since its inception in 2016, SUNRATE is recognised as a leading solution provider and has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge proprietary platform, extensive global network, and robust APIs.

With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London and Shanghai, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays and J.P. Morgan. To learn more about SUNRATE, visit https://www.sunrate.com/

About YeePay

Established in 2003, YeePay is one of the leading enterprise payment service providers in China. The company provides total payment solutions for the enterprise, integrating multiple payment channels including online, mobile and offline in the frontend, and streamlining settlement processes in the backend. YeePay’s key advantage is customized solutions and value-added services for industry verticals including airline and travel, new retail, Internet finance, administration and education, cross-border etc. YeePay holds the payment license from People’s Bank of China and the cross-border license from State Administration of Foreign Exchange.

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HONG KONG, April 30, 2024  /PRNewswire/ — The Exchange Traded Funds, Bosera HashKey Bitcoin ETF and Bosera HashKey Ether ETF (the “ETFs”) have officially launched on the Hong Kong Stock Exchange today. In respect of the ETFs, Bosera Asset Management (International) Co., Limited and HashKey Capital Limited are the Investment Manager and Sub-Investment Manager respectively. The ETFs are part of the first batch of Bitcoin and Ether spot ETFs to launch in a major financial hub in Asia and they are now listed under the tickers  BTC: 3008.HK (HKD); 9008.HK (USD) and ETH: 3009.HK (HKD); 9009.HK (USD) respectively.

One of the key features of these ETFs is that they introduce an ‘in-kind’ subscription mechanism, which allows investors to directly subscribe for ETF shares using Bitcoin and Ethereum. Investors can purchase the ETFs with Bitcoin or Ethereum and subsequently sell them for cash, or vice versa, enabling seamless two-way investment flexibility.

Additionally, the Bosera HashKey Bitcoin ETF and Bosera HashKey Ether ETF track the CME CF Bitcoin Reference Rate – Asia Pacific Variant and the CME CF Ether-Dollar Reference Rate – Asia Pacific Variant respectively.

“The launch of the Bosera HashKey Bitcoin ETF and Bosera HashKey Ether ETF marks a significant leap forward in democratizing access to cryptocurrencies,” said Deng Chao, CEO of HashKey Capital. “These innovative ETFs not only provide a convenient entry point for investors but also underscore our commitment to driving innovation in the virtual asset ecosystem.”

Importantly, non-Hong Kong nationals can also subscribe for or purchase units in the ETFs if they meet local regulatory requirements, such as passing customer due diligence.

The Bosera HashKey Bitcoin ETF and Bosera HashKey Ether ETF are now available for trading on the Hong Kong Stock Exchange.

Note: The tickers BTC: 3008.HK (HKD); 9008.HK (USD) and ETH: 3009.HK (HKD); 9009.HK (USD)are now officially listed on the Hong Kong Stock Exchange (HKEX).

About HashKey Capital

Global in influence and crypto-native, HashKey Capital is a digital asset and blockchain leader helping institutions, founders and talents advance the blockchain industries.

As one of the largest crypto funds and the earliest institutional investor in Ethereum, HashKey Capital has managed over US$1 billion in client assets since its inception, with over 500 investments in infrastructure, tools, and applications.

With our deep knowledge across the blockchain ecosystem, HashKey Capital has built a robust network connecting founders, investors, developers, and regulators.

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• Xceptor strengthens commitment to the region with appointment of Keith Man as APAC General Manager; with responsibility for expanding Xceptor’s sales, business development and operations in the region while advancing expansion into new markets and segments
• With over 15 years of experience in fintech, Keith brings a wealth of expertise in the capital markets space as well as hands-on experience in the APAC region

NEW YORK, LONDON and SINGAPORE, April 30, 2024 /PRNewswire/ — Xceptor, the intelligent automation platform for financial markets, today announced the appointment of Keith Man as General Manager (GM) for Asia Pacific (APAC), based in Singapore. The appointment underscores Xceptor’s continued investment and further penetration into the APAC region.

As APAC GM, Keith will play a critical role in driving client success, as well as strategic partnerships and alliances in the region. He will also have responsibility for expanding Xceptor’s sales, business development and operations in the region while advancing growth into new markets and segments.

Keith brings a wealth of expertise in the capital markets space, coupled with extensive experience in the APAC region. He was most recently Head of APAC at Duco and has also held senior roles in Standard Chartered Bank and TriOptima (now OSTTRA). 

“The APAC region is dynamic and has tremendous potential. We have made a strategic decision to continue investing in the APAC region to ensure we are well-positioned to serve our clients effectively. While we see some firms scaling back, we believe in the long-term growth potential of this market, and are delighted to welcome Keith to the Xceptor team as we embark on a new chapter of growth in this dynamic region,” said Michiel Verhoeven, CEO of Xceptor.

On his appointment, Keith Man, APAC GM, Xceptor, said, “Xceptor is the industry leader that is trusted by leading financial institutions. I am excited to join an established team that is poised for successful expansion in this region, and look forward to setting the direction for our long-term growth as we deepen engagement to support client success.”

Xceptor first opened its Singapore office in 2017. It has since expanded to serve as its APAC hub, including sales, client success, delivery and support teams that serve local, regional and global clients. 

About Xceptor: 

Xceptor is the intelligent data automation platform for financial markets providing data ingestion, standardization, normalization, and validation services. Catering to thousands of unique use cases, its highly configurable and enterprise-grade platform offers proprietary solutions for tax, reconciliations, confirmations, client onboarding, and allocations. Since 2003, Xceptor has been empowering businesses worldwide to trust their data and digitize their operational workflows. With offices in London, New York, Singapore, and Cape Town, Xceptor serves nearly 125 clients and over 11,500 users across 60 countries, including banks, asset managers, hedge funds, custodians, and asset servicers. For more information, visit www.xceptor.com.  

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