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Mastercard and Kima take one step closer to a ‘DeFi credit card’
Kima, the asset-agnostic, peer-to-peer money transfer and payment protocol, joins the FinSec Innovation Lab, a fintech and cybersecurity accelerator by Mastercard, and receives a grant from the Israel Innovation Authority (IIA) to fund an initiative to connect decentralized finance (DeFi) applications with fiat systems. The collaboration between Kima and FinSec focuses on developing a use case linking traditional financial instruments, such as bank accounts and credit cards, to DeFi protocols, platforms, and services.
Decentralized finance has been recognized for its creativity in applying innovative financial instruments through blockchain and digital assets. However, technical, financial, and regulatory red tape cause blockchain protocols to remain isolated—turning DeFi apps into fragmented liquidity silos locked within the boundaries of the host network and smart contracts. Furthermore, the absence of a convenient bridge between DeFi and mainstream financial systems contributes to a poor and complicated user experience.
Kicking off in late 2023, the grant powers Kima and FinSec to utilize its infrastructure to explore and develop methods to easily link everyday bank accounts and credit cards to a wide range of DeFi tools. The collaboration aims to expand on Kima’s existing payment protocol—which facilitates direct money transfers via blockchain and bank accounts without using smart contracts.
As part of the project, FinSec will operate a Kima node and serve as a key stakeholder in its burgeoning cross-ecosystem network. FinSec’s participation in the network further bolsters Kima’s payment protocol and expansive settlement layer ahead of its upcoming token and mainnet launches slated for Q2 of 2024.
Kima’s settlement layer is built to handle wide-ranging applications including cross-border transfers, crypto payment rails, DeFi borrowing and lending, gaming, RWA marketplaces, wallets, and exchanges.
“Kima and FinSec are embarking on an exciting journey together—one which we are confident will lead to major breakthroughs in how people interact with DeFi,” says Eitan Katz, CEO and Co-Founder of Kima. “The only way blockchain and DeFi will become fixtures outside the niche world of Web3 is if there is an easily accessible, secure, and affordable way to bridge blockchain networks with traditional financial means. The Israel Innovation Authority and Mastercard recognize the value and potential of our vision, and we are proud to have their support.”
“We are delighted to have Kima as a startup in the FinSec Lab and to support the initiative to seamlessly connect decentralized finance (DeFi) applications with fiat systems. We are thrilled to see Eitan and his team’s development and happy to see the success of their innovative solutions,” says Sidney Gottesman, CEO of FinSec.
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Repurchases of shares by EQT AB during week 19, 2024
STOCKHOLM, May 13, 2024 /PRNewswire/ — Between 6 May 2024 and 10 May 2024 EQT AB (LEI code 213800U7P9GOIRKCTB34) (“EQT”) has repurchased 348,028 own ordinary shares (ISIN: SE0012853455).
The repurchases form part of the repurchase program of a maximum of 2,154,000 own ordinary shares for a total maximum amount of SEK 1,000,000,000 that EQT announced on 22 April 2024. The repurchase program, which runs between 23 April 2024 and 24 May 2024, is being carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 and the Commission Delegated Regulation (EU) No 2016/1052.
EQT ordinary shares have been repurchased as follows:
Date: |
Aggregated daily volume (number of shares): |
Weighted average share price per day (SEK): |
Total daily transaction value (SEK): |
6 May 2024 |
94,658 |
306.0825 |
28,973,157.29 |
7 May 2024 |
105,000 |
314.1288 |
32,983,524.00 |
8 May 2024 |
50,000 |
312.3432 |
15,617,160.00 |
10 May 2024 |
98,370 |
324.6684 |
31,937,630.51 |
Total accumulated over week 19/2024 |
348,028 |
314.6628 |
109,511,471.79 |
Total accumulated during the repurchase program |
1,084,806 |
302.8600 |
328,544,347.36 |
All acquisitions have been carried out on Nasdaq Stockholm by Skandinaviska Enskilda Banken AB on behalf of EQT.
Following the above acquisitions and as of 10 May 2024, the number of shares in EQT, including EQT’s holding of own shares is set out in the table below.
Ordinary shares |
Class C shares1 |
Total |
|
Number of issued shares |
1,245,048,412 |
881,555 |
1,245,929,967 |
Number of shares owned by EQT AB2 |
61,559,635 |
– |
61,559,635 |
Number of outstanding shares |
1,183,488,777 |
881,555 |
1,184,370,332 |
1) Carry one tenth (1/10) of a vote.
2) EQT AB shares owned by EQT AB are not entitled to dividends or carry votes at shareholders’ meetings.
A full breakdown of the transactions is attached to this announcement.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com.
https://news.cision.com/eqt/r/repurchases-of-shares-by-eqt-ab-during-week-19–2024,c3977933
The following files are available for download:
EQT – Repurchases of shares – weekly press release w19 |
|
EQT AB Group |
|
https://mb.cision.com/Public/87/3977933/8afe31413410cf31.pdf |
EQT Transactions w 19 |
View original content:https://www.prnewswire.co.uk/news-releases/repurchases-of-shares-by-eqt-ab-during-week-19-2024-302143694.html
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