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ALT5 SIGMA, A JANONE COMPANY, ADDS PREPAID VISA®️ CARD INTEGRATION TO ALT5 SETTLEMENT PLATFORM
LAS VEGAS, June 25, 2024 /PRNewswire/ — JanOne Inc. (Nasdaq: JAN), a multidisciplinary organization with a focus on healthcare and fintech, announced today that its wholly-owned subsidiary, ALT5 Sigma, has launched its prepaid VISA®️ Card as an extension to the previously announced ALT5 Settlement Platform.
ALT5 continues to expand its digital fintech offering in the crypto world to provide functionality from traditional legacy financial models in a modernized world. The addition of an unbranded prepaid Visa®️ Card provides institutions and merchants with the ability to utilize the ALT5 suite of offerings for acceptance and conversion of crypto to fiat and then gain instantaneous access to fiat currencies on their prepaid VISA®️ Card or on thousands of cards as applicable.
“Many of our customers are looking for efficient ways to access, distribute and spend fiat derived from their crypto strategies. The addition of the ALT5 prepaid VISA®️ Card offering broadens their options and continues to bridge legacy financial products to the digitization of currency. Our customers can utilize a reloadable, physical, and/or digital prepaid VISA®️ Card for themselves, or for their own end-users. The integration to ALT5 Settlement enables customers with the ability for them to deal with multi-currencies, including fiat and crypto, and to convert funds directly to their card 24 hours a day, 7 days week, and 365 days a year,” commented Andre Beauchesne, President and CEO of ALT5 Sigma.
About ALT5 Sigma Inc.
Launched in 2018, ALT5 is a fintech company that provides next generation blockchain-powered technologies to enable a migration to a new global financial paradigm. ALT5, through its subsidiaries, offers two main platforms to its customers: “ALT5 Pay” and “ALT5 Prime”. The Company processed over US$1.2 billion in cryptocurrency transactions in 2023.
ALT5 Pay is a crypto-currency payment gateway that enables registered and approved global merchants to accept and make crypto-currency payments or to integrate the ALT5 Pay payment platform into their application or operations using the plugin with WooCommerce and or ALT5 Pay’s checkout widgets and APIs. Merchants have the option to convert to fiat currency(s) automatically or to receive their payment in digital assets.
ALT5 Prime is an electronic over-the-counter trading platform that enables registered and approved customers to buy and sell digital assets. Customers can purchase digital assets with fiat and, equally, can sell digital assets and receive fiat. ALT5 Prime is available through a browser-based access mobile phone application named “ALT5 Pro” that can be downloaded from the Apple App Store, from Google Play, through ALT5 Prime’s FIX API, as well as through Broadridge Financial Solutions’ NYFIX gateway for approved customers.
About JanOne
JanOne is a unique Nasdaq-listed multidisciplinary organization with a focus on healthcare and fintech. JanOne is one of the constituents of the Russell Microcap Index, starting June 28, 2024. Through its biotech activities, JanOne is developing innovative, actionable solutions intended to help end the opioid crisis. JanOne is dedicated to funding resources toward innovation, technology, and education to find a key resolution to the national opioid epidemic, which is one of the deadliest and most widespread in the nation’s history. Its drugs in the clinical trial pipeline have shown promise for their innovative targeting of the causes of pain as a strategic option for physicians averse to exposing patients to addictive opioids.
JanOne’s ALT5 subsidiary is a global fintech that provides next generation blockchain powered technologies for the trading, clearing, settlement, payment, and custodianship of digital instruments.
Please visit www.janone.com for additional information.
Forward Looking Statements
This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the statements that JAN 101 will treat PAD, that JAN 123 will treat CRPS, the timing of the commencement of clinical trials, that the FDA will permit approval through a 505(b)(2) pathway for JAN 123, that upon approval JAN 101 will immediately disrupt the PAD market, and other statements, including words such as “continue”, “expect”, “intend”, “will”, “hope” “should”, “would”, “may”, “potential”, and other similar expressions. This press release also contains statements and links relating to the profitability and prospective growth of ALT5’s platforms and business, including, but not limited to international currency risks, third-party or customer credit risks, liability claims stemming from ALT5’s services, and technology challenges for future growth or expansion. Such statements reflect JanOne’s current view with respect to future events, are subject to risks and uncertainties, and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by JanOne, are inherently subject to significant business, economic, competitive, political, and social uncertainties and contingencies.
Many factors could cause JanOne’s actual results, performance, or achievements to be materially different from any future results, performance or achievements described in this press release. Such factors could include, among others, those detailed in the Company’s periodic reports filed with the Securities and Exchange Commission (the “SEC”). Should one or more of these risks or uncertainties materialize, or should the assumptions set out in the section entitled “Risk Factors” in JanOne’s filings with the SEC underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this press release and JanOne does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. JanOne cannot assure that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Individuals are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.
Media Contact Investor Relations
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Okoora, the Israeli-Swiss fintech startup, has announced its entry into the Polish market as part of its strategy to expand within the European Union. The company, known for its AI-based cloud platform for global payments, banking, and risk management, aims to broaden its EU footprint through this strategic move.
In Poland, Okoora will establish sales offices, a marketing team, customer service operations, and an R&D center to further enhance its product development. By entering this market, Okoora aims to help businesses plan, manage, and execute cross-border foreign exchange transactions. Its Automated Business Currency Management (ABCM
) platform assists companies in managing the risks associated with currency exchange rate volatility. Additionally, Okoora offers Banking-as-a-Service (BaaS) via APIs, enabling fintech companies, banks, and other financial institutions to integrate banking services with transaction and risk hedging capabilities.
This expansion follows the opening of Okoora’s offices in Limassol, Cyprus, which primarily ensures compliance with EU regulations. However, Poland represents Okoora’s first major European market where it will actively market and sell its services to the local business community. Poland’s membership in the European Union, while retaining its own currency, the złoty, and its robust fintech industry, made it an attractive choice for Okoora. Research by Okoora and Mastercard (Map of Polish Fintech) reveals that Poland hosts 368 fintech companies, with global firms like Binance, Curve, Kevin, Revolut, and Tink establishing R&D centers there.
Poland’s banking sector holds total assets estimated at €564 billion. Small and medium-sized enterprises (SMEs), Okoora’s primary target audience, constitute 99% of the Polish economy, exporting around 50% of their products and services and contributing 45.3% of the GDP.
Beni Avraham, founder and CEO of Okoora, commented, “We are entering the Polish market with the belief that foreign exchange management solutions can and should undergo a revolution. When we assessed the European market, Poland scored high due to its developed banking sector, extensive foreign trade, and other economic indicators. Additionally, Poland offers economic incentives that make establishing an R&D center feasible. We believe this is the best place to kick-start our expansion into the European market.”
Avraham added, “Another reason for choosing Poland as our entry point into the European market is the substantial volume of currency exchanges between the Israeli shekel and the Polish złoty on our platform, ranking fifth among EU countries, ahead of Spain and France.”
Since the launch of the ABCM platform, Okoora has saved businesses in Israel over NIS 11 billion in international forex transactions, while addressing increased financial risks in Israel in 2023 due to judicial reforms and the conflict in Gaza. The platform saw an 83% growth in the number of clients in 2023, with around 15,000 customers registered. Over the past year, the company experienced a 465% increase in payment transactions by its clients and a 161% rise in transaction volumes hedging against currency exchange rate fluctuations.
Founded in August 2021 by Beni Avraham, the founder of Ofakim Group, Israel’s leading financial risk management company, Okoora reached profitability in 2023 and operates without external investor funding. The company employs about 100 professionals across Israel, Switzerland, Germany, Cyprus, and India, and is recruiting dozens more employees for its Israeli branch to support its domestic and international growth.
Source: jpost.com
The post Israeli-Swiss fintech startup Okoora expands to Poland appeared first on HIPTHER Alerts.
American best-selling author, businessman, and investor chooses Propy’s onchain real estate platform to list Golden Beach, Florida, house.
MIAMI, July 2, 2024 /PRNewswire/ — Propy, a technology company revolutionizing real estate via blockchain and AI, today announced that high-profile American entrepreneur Grant Cardone has listed a Golden Beach, Florida, private property for sale on Propy’s blockchain-based real estate platform with an asking price of $42,000,000 accepting cryptocurrency. This marks the first venture into emerging technologies in proptech for Cardone, a serial founder, best-selling author, equity fund manager, and business and real estate investor. The home is listed on the Propy marketplace with the deed minted onchain.
Propy simplifies the home-purchasing experience and eliminates fraudulent transactions by using a decentralized title registry and an escrow settlement protocol for securely storing land records and facilitating transactions, as well as accepting or converting cryptocurrency if a buyer chooses this form of payment. Leveraging the immutability of the blockchain, Propy ensures that buyer and seller private information is secure throughout the transaction. Automating and bringing the entire process online and onchain enables closing on a property to be faster, easier, and more secure than the outdated, traditional real estate transaction model.
Commenting on the listing, Grant Cardone said, “We are all in on blockchain revolutionizing real estate. We are leveraging top-tier technology to make transactions seamless and unstoppable. This is the future of real estate, and we’re leading the charge!”
The private address is minted on PropyKeys protocol – an onchain tokenized address market developed on the Base network (Coinbase Layer 2 on Ethereum). PropyKeys brings real estate onchain through NFT home addresses and aims to bring one million home addresses onchain by 2025. The Propy marketplace also grants prospective buyers the option to pay using Bitcoin or US dollars.
Natalia Karayaneva, Founder and CEO of Propy, said, “It is a privilege for us to be the platform of choice for high-end property sellers, enhancing our offering to our community of high net-worth individuals, investors, and crypto buyers. With Propy’s advanced blockchain rails, compliant crypto and dollar payments, and unwavering focus on privacy, our clients can confidently navigate the closing process. The inclusion of Cardone’s listing in BTC and USD on Propy, minted with our latest privacy deed feature, highlights our leadership in the intersection of real estate and crypto.”
Additional details on the Cardone property are available on Propy’s website. Interested parties should contact the listing agent for viewings and further details.
Natalia Karayaneva, Founder and CEO of Propy, is available for interview upon request.
About Propy:
Propy is a US-licensed title company and a pioneering platform leveraging blockchain and AI technology to facilitate seamless transactions of real-world assets (RWA), specifically focused on revolutionizing global real estate markets. As an industry leader, Propy specializes in providing secure and efficient solutions, ensuring an enhanced experience for buying and selling properties worldwide.
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Latest News
DataLend: Securities Lending Revenue Down 16% Year-Over-Year to $2.53 Billion in Q2 2024
Global revenue declines year-over-year due to lagging equities performance in the U.S. and EMEA
NEW YORK, July 2, 2024 /PRNewswire/ — The global securities finance industry generated $2.53 billion in revenue for lenders in the second quarter of 2024, according to DataLend, the market data service of fintech EquiLend. The figure represents a 16% decrease from the $3.00 billion generated in Q2 2023.
Global broker-to-broker activity, where broker-dealers lend and borrow securities from each other, generated an additional $696 million in revenue during Q2, a 9% decrease year-over-year.
Regionally, equity revenue fell 33% in EMEA and 19% in North America compared to the same period last year. A 22% decline in fees in North America and a 23% dip in EMEA accounted for the majority of the decreased revenue. Equity revenue in APAC increased 8% thanks to a 13% increase in fees.
Global fixed income performance declined by 11% in Q2 year-over-year. While revenue from government securities was roughly flat, corporate debt revenue fell by 32%, a regression of a trend which saw corporate bonds running hot through much of 2022 and 2023.
In June 2024, the global securities finance industry generated $790 million in revenue for lenders. The figure represents a 11% decrease year-over-year from the $888 million generated in June 2023. Broker-to-broker activity totaled an additional $207 million in revenue in June, also an 11% decrease year-over-year.
The top five earners in June 2024 were Lucid Group (LCID US), Trump Media & Technology Group (DJT US), Canopy Growth Corporation NPV (CGC US & WEED CN), Beyond Meat Inc. (BYND US) and ImmunityBio Inc. (IBRX US). In total, the group generated $56 million in revenue in the month.
Bloomberg Terminal users can subscribe to EquiLend’s exclusive Orbisa securities lending data by entering terminal shortcut APPS ORBISA About DataLend
DataLend, the market data service within EquiLend’s Data & Analytics Solutions group, tracks daily market movements across more than 200,000 securities, covering $35 trillion in lendable assets and $2.6 trillion in on-loan assets for the securities finance market. www.datalend.com About EquiLend
EquiLend is a global financial technology firm offering Trading, Post-Trade, Data & Analytics, RegTech and Platform Solutions for the securities finance industry. With offices in North America, EMEA and Asia-Pacific, EquiLend operates across various jurisdictions worldwide, adhering to the highest regulatory standards. The company is committed to excellence and innovation and is consistently recognized for its contributions to the industry. EquiLend is Great Place to Work Certified™ in the U.S., UK, Ireland and India and has been honored as the Best Post-Trade Service Provider Globally, Best Market Data Provider Globally and for its outstanding Diversity & Inclusion initiatives in the Securities Finance Times Industry Excellence Awards 2023. www.equilend.com
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