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StraitsX partners with industry leaders to pilot stablecoin real-world use cases at the Singapore Fintech Festival 2022

Through real-world use case applications with IDEMIA on Hedera, Mastercard and Carbonseed.Earth, StraitsX provides insights to the benefits stablecoins can bring to trade and commerce

SINGAPORE – Media OutReach – 3 November 2022 – StraitsX, a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) today announced that it will be piloting a series of stablecoin applications at the Singapore Fintech Festival (SFF) 2022, which aims to showcase stablecoins’ real-world use case applications and benefits for trade and commerce.

Through collaborations with partners such as IDEMIA, The HBAR Foundation, Mastercard and Carbonseed.Earth, StraitsX focused on driving five key benefits of stablecoins: increasing payment efficiency, on-chain and offline programmability providing interoperability, spurring financial inclusion and enabling sustainable and energy-efficient transactions.

“The digital assets landscape has been evolving and gaining traction as more businesses recognise the benefits of blockchain technology, but there is still untapped potential when it comes to using stablecoins as a means of payment in real-world use case applications. These applications demonstrate how stablecoins can bring forth more innovation and we are excited to collaborate with industry leaders to explore the benefits of stablecoins in depth to showcase the viability of stablecoin usage in business applications like B2B settlement, offline payments and sustainability.” said Aymeric Salley, Head of StraitsX.

As part of the stablecoin showcase, StraitsX has highlighted three different real-world use case applications with its key partners, which leverage its Singapore dollar stablecoin, XSGD as a means of payment:

Driving financial inclusion with IDEMIA on Hedera

To mitigate the issue of unequal access to digital currencies and payments arising from network and geographical limitations, StraitsX has partnered with IDEMIA, a leading solutions provider in identity technologies to leverage the Hedera decentralised ledger, enabling users to transact stablecoins offline. This is powered by IDEMIA’s payment card and phone-embedded offline payment capabilities which allow users and merchants to transact offline securely. Merchants will then be able to leverage Hedera’s distributed network to receive payments and settle fund transfers.

This application will not only lower merchant fees but also drive financial inclusion by allowing users who have limited network access to transact stablecoins.

“We at IDEMIA firmly believe that stablecoins are redefining the very fundamentals of the payment ecosystem. We’re proud that our ability to innovate has enabled Stablecoins payments leveraging our Biometric Card technology F.CODE. This partnership demonstrates again that IDEMIA’s secure offline payment solution became the de facto standard for stablecoins payments.” said Romain Zanolo, Managing Director APAC at IDEMIA.

“We are delighted to partner with industry leaders StraitsX and Idemia to help drive financial inclusion in APAC. StraitsX’ upcoming Hedera-native XSGD stablecoin was combined with Idemia’s secure offline payment system powered by Hedera smart contracts, to provide a resilient, cost-effective, and energy-efficient alternative to existing digital payment schemes. We believe the solution is well suited to answer needs in the region.” said Sabrina Tachdjian, Head of Fintech & Payments at the HBAR foundation.

Enabling XSGD B2B Settlement with Mastercard

StraitsX and Mastercard, a global payment technology solution, have partnered to enable Mastercard crypto partners to use XSGD to facilitate settlements between businesses.

The current settlement process for crypto card partners is cumbersome and costly due to the requirement of converting from crypto into fiat, which imposes liquidity and operational constraints for card partners. This pilot aims to bridge between the digital assets spent by cardholders and the fiat currencies needed to settle with merchants, reducing friction and achieving greater operational efficiencies.

“Building on the success of our stablecoin pilots in the US and UK, we are excited to be partnering with StraitsX to continue pushing the frontier on digital assets innovation and exploring real-world benefits of stablecoins. Piloting a stablecoin settlement application using XSGD marks a meaningful step forward for our businesses in the APAC region.” said Ashok Venkateshwaran, VP Digital Assets at Mastercard.

Spearheading sustainability in the region with Carbonseed.Earth

To contribute to the wider sustainability cause, StraitsX has collaborated with Carbonseed.Earth, which is building an incubation infrastructure for carbon projects. This incubation infrastructure leverages stablecoin and IoT technology to enable early funding for quality carbon projects by issuing tokenized carbon credits, purchased through XSGD and held in blockchain wallets.

By utilising Carbonseed.Earth’s monitoring and verification solutions and blockchain wallets to facilitate stablecoin and carbon credit transactions, the application enhances transparency for price discovery and addresses the issue of double counting through smart contract technology. On a larger scale, the application also helps to facilitate efficient cross-border transfers of value involving tokenised carbon credits.

“CarbonSeed.Earth aims to be the one-stop managing platform for businesses to go green with hassle-free carbon financing, with services ranging from simple project origination and Monitoring, Reporting, Verification (MRV), to marketplace financing. By leveraging on XSGD, we can enable greater transparency, accountability, and visibility using the concepts of Purpose Bound Money (PBM) to verify fund sources and automated milestone verification to unlock payouts and reward businesses as they embark on their green transformation journey.” said Mike Sun, VP Product, CarbonSeed.Earth.

Hashtag: #StraitsX

The issuer is solely responsible for the content of this announcement.

About StraitsX

StraitsX is the pioneering payments infrastructure for the digital assets space in Southeast Asia. StraitsX is a Major Payment Institution licensed by the Monetary Authority of Singapore and is part of Fazz’s ecosystem of financial services which powers business banking in Southeast Asia. StraitsX offers personal and business account holders to mint and redeem StraitsX stablecoins, manage payments as well as connect their accounts to digital asset platforms. Business accounts can also access B2B API-enabled payment rails for digital asset platforms.

SDAX and Ownera Partner to Deliver Global Distribution for Private Market Digital Securities

The two FinTech companies inked a MOU to solidify their commitment to bridging the gap of interoperability between private market exchanges and institutions

SINGAPORE – Media OutReach – 3 November 2022 – SDAX, a leading private markets investment and trading platform based in Singapore, announced a partnership with the signing of a Memorandum of Understanding (MOU) with Ownera, provider of a global inter-trading network based on the open-source FinP2P protocol, to distribute digital securities over the Ownera FinP2P network.

The digital securities industry is growing fast but has lacked a common global distribution network for connecting issuers, investors, exchanges and other market participants. As a result, the rate of institutional adoption and investor access to high-quality digital securities has not reached its ideal potential. This is especially true for private markets where such securities tend to be illiquid.

SDAX works with companies and institutions to raise funds in a fast, secure and cost-effective way through blockchain technology, in the process making these private market investment opportunities accessible to investors via fractionalized ownership. Licensed by the Monetary Authority of Singapore, SDAX focuses on institutional-grade real estate and environmental, social and governance (ESG)-related investments. SDAX is backed by strategic shareholders such as ESR (APAC’s largest real asset manager), PSA (global port operator and supply chain integrator) – a Temasek Company, Straits Trading and RHT Group.

With SDAX’s exchange, it provides secondary market liquidity and enables its investors to participate in trading their digital securities. The partnership with Ownera will provide an additional channel for SDAX’s investors to trade these private market digital securities over an interoperable global ecosystem of exchanges and institutions – opening up possibilities for both investors and issuers.

Ownera brought the industry together to develop the FinP2P open-source routing protocol to solve this problem by orchestrating the instant exchange of digital assets held on any blockchain platform, for digital cash held on any ledger. It supports primary issuance, secondary trading and DeFi-style instant borrowing against assets pledged as collateral. This routing network has the power to open up digital distribution for the private markets and unlock global liquidity in a way that no single institution or exchange can achieve on its own.

“We are excited to be working with leading industry innovators like Ownera that provides a best-in-class connectivity solution that will build the foundation of an interoperability infrastructure for the industry,” says Raymond Poh, CEO of SDAX. “At SDAX, we continue to work with like-minded exchanges and specialists, optimise the investment experience in private markets assets for investors, and open up opportunities for all partners in the ecosystem.”

“Marketplaces and their Issuers need the broadest distribution to support a primary and secondary market in the low-liquidity world of private digital securities,” adds Anthony Woolley, the Head of Business Development and Marketing at Ownera. “The adoption of FinP2P will result in higher liquidity and better access to capital and assets by providing regulated firms such as SDAX with one secure point of connection to multiple pools of digital securities and investors across the globe. We are thrilled to have a powerful partner in SDAX, an established industry leader, to expand the FinP2P ecosystem.”

Hashtag: #blockchain #privatemarkets #digitalassets

The issuer is solely responsible for the content of this announcement.

About SDAX

SDAX is a MAS-regulated investment and trading platform serving institutional, accredited and retail investors. We provide access to uniquely curated assets that were once only available to institutions or ultra-high net worth individuals, through asset tokenization. Our strength lies in real estate, corporate finance and ESG opportunities. SDAX partners with corporate and institutions to raise capital more efficiently to support their growth and expansion.

SDAX represents the merged entities of digital asset exchange Digiassets Exchange Singapore (SDAX) and fintech company Minterest Holdings. The merger and rebranding bring synergy for SDAX by combining capabilities to offer both a Digital Asset Exchange, regulated under its Recognized Market Operator (RMO) licence, and Capital Markets Services, regulated under its Capital Markets Services (CMS) licence.

Visit our website

About Ownera:

Ownera is a digital assets software company building the institutional rails for a new multi-trillion-dollar digital securities market. The company led the creation of the open-source specifications of the FinP2P interoperability protocol and delivers FinP2P based network nodes and digital assets solutions to the financial industry, thus enabling global distribution and liquidity for digital securities.

For more information, go to

Thailand Increases Number of Immigration Officers at Suvarnabhumi Airport

Passengers at Suvarnabhumi Airport on Tuesday.

Thai Immigration Bureau has increased the number of immigration officers at Suvarnabhumi Airport to cope with a rising number of passengers during the high season.

Times Technology’s patent approval triggers the trading volume of its member profit to soar

Patent system advanced algorithm leads the industry trend

SINGAPORE – Media OutReach – 2 November 2022 – Recently, Times Technology Quantum Analysis Team announced that in the second month after its Quantum Computer “Quantityindex System” started patent approval, the trading volume of its members’ profit value exceeded USD 220 million, a record high.

Members of Times Technology share their experiences

As of November, according to the statistics released by the Wall International Finance Association, the total trading volume of profit value of users of Time Technology Quantum Community reached 940 million USD. Each branch of the group actively promoted the “Bonus Lottery Eligibility Event”, which could accelerate the achievement of the goal.

Times Technology’s quantum analysis team’s quantum technology and PvTv are unique in the global financial investment circle. Through the Quantum Computer “Quantityindex System”, it achieved 97% of the ultra-high profit-making accuracy in the planning course and successfully completed the planning course with NT$ 6 million and NT$ 10 million respectively. In the future, under the breakthrough of mass popularity rate and net profit value of community users, it will definitely set off another wave of profit trend.

The Taiwan Branch of Times Technology Quantum Technology Group created several international financial index sensation in 2022. Undoubtedly, this is the first step for the Group to become the world’s index financial leader. The Group is actively developing the advanced calculus rate of systems and more analytical structure analysis to increase the mass penetration rate of quantum systems and the net profit value for community users. Times Technology will create a quantum system with analytic structure, centralized stability, ahead-of-the-curve calculus rate and Deta trading volume that will exceed quantitative data in the next quarter, so that the value of “service” can replace the competition of “market” and provide more comprehensive procedural calculus data.

Hashtag: #TimesTechnology

Laos’ Agricultural Produce Generates USD 522 Million Revenue in First Half of 2022

Laos exported three main agricultural products worth USD 522 million until June 2022.

TERRAOIL SWISS AG: Terraoil Completes IFRS Financial Statements

Audits of Consolidated Financial Statements Under IFRS Finalized

STEINHAUSEN, SWITZERLAND – EQS Newswire – 2 November 2022 – Terraoil Swiss AG (“Company”), an energy company with a strong focus on the Mediterranean is pleased to announce the completion of the audits of the consolidated financial statements for the years ended December 31, 2020 and 2021.

The financial statements are available on the Company’s website at https://terraoil.swiss/financialreports.

Chief Financial Officer, Bill Cummins commented:

“The completion of the audits was an important step forward for the Company. We believe that the consolidated financial statements are important for the Company and its shareholders. From a business development perspective, they provide relevant information for potential investors, partners and financial institutions.”

If you are an Terraoil shareholder and would like additional information, contact Peter Krempin either via email investors@terraoil.swiss or by telephone at +41 71 544 01 20.

Hashtag: #Terraoil

The issuer is solely responsible for the content of this announcement.

About Terraoil Swiss AG

Terraoil is an international energy company with a focus to identify and advance business opportunities in the upstream oil and gas and renewable energy sectors in the Mediterranean region.

Terraoil forward-looking statements

This media release serves informational purposes and constitutes neither an offer to sell nor a solicitation or an advertisement to buy any shares of Terraoil Swiss AG in any jurisdiction. This media release does not constitute a prospectus within the meaning of Article 35 et seqq. of the Swiss Federal Act on Financial Services. In addition, investors should seek advice from their bank or their financial adviser. This media release and the information contained therein are not being issued for the purpose of selling shares in the United States of America, Australia, Canada, Japan, the United Kingdom, or the European Economic Area and must not be distributed within or to such countries or via publications with a general circulation in such countries.

This media release contains forward-looking statements such as projections, forecasts, and estimates. Such forward-looking statements are subject to certain risks and uncertainties which may cause actual results, performance, or events to differ materially from those anticipated in this media release. Readers should therefore not rely on these forward-looking statements. The forward-looking statements contained in this media release are based on the views and assumptions of Terraoil Swiss AG as of this date and Terraoil Swiss AG does not assume any obligation to update or revise this media release.

Laos, Vietnam Remain Major Hubs of Drug Trafficking From Golden Triangle

Police examine drugs smuggled from Laos. Photo credit: e.vnexpress.net

Police officials from Vietnam say Laos and Vietnam continue to be conducive places to smuggle drugs from the golden triangle for consuming and shipping to other countries.

Chubb’s Integration Engine, Chubb Studio, Expands Tech Features, Growing Revenue and Increasing Value for Partners

Chubb unveils expanded Chubb Studio integration features; embedding insurance even faster and easier for Chubb partners

LISBON, PORTUGAL – Media OutReach – 2 November 2022 – Chubb announced that Chubb Studio®, the company’s award-winning global integration platform, has introduced new features that can embed insurance into the digital environments of its distribution partners even easier and faster, while offering a seamless experience for customers. Chubb is the largest publicly traded property and casualty insurer in the world.

Announced today during the Web Summit conference in Lisbon, Europe’s largest technology conference, the platform’s three new next-generation features provide Chubb’s distribution partners with access to: Chubb-developed software development kits (SDKs) that enable the company’s partners to embed products and services natively within their apps; the option to add products and services from other insurance carriers, third-party or non-Chubb companies; and the BlinkSM by Chubb® experience, previously available only in the U.S., to other regions around the world.

Since the company launched Chubb Studio in 2020, the platform has been adopted by over 150 companies – including e-commerce, banks, retailers, mobility and other consumer businesses – providing these partner companies’ customers with digital access to Chubb’s consumer and micro-business insurance products.

Chubb Studio has been distinguished by its extensive library of application programming interfaces (APIs). Now, Chubb’s digital distribution partners will also be able to access Chubb Studio SDKs on the platform. Created by Chubb developers, the SDKs will make the delivery of embedded insurance propositions easier and faster for partners. Chubb Studio SDKs will be available for iOS, Android and Web, with functionality that includes user experience flows, backend APIs and security handshakes. The SDKs will also allow partners to use their own branding and styling to deliver consistent and unique insurance experiences to their customers.

The Chubb Studio platform now supports multi-service partnerships, including with other insurance carriers. That means Chubb partners using Chubb Studio can embed insurance products and services from Chubb as well as from other third-party providers into their digital ecosystems.

This new capability provides partners with a single point of integration while facilitating transactions with Chubb or with other third-party back-office systems. This offers significant savings of time and expense for partners that want to offer their customers more choice, including a broader range of general insurance, life insurance or other market products or complementary services, such as telemedicine, on their website or app.

Additionally, a new customer experience has been added to the Chubb Studio platform called Blink by Chubb, the company’s digital product design philosophy, delivered by Chubb Studio and focused on making the insurance process easy and effortless for both partners and their customers.

With the Blink by Chubb philosophy, simple and straight-forward insurance polices are pre-underwritten with customizable coverage options designed to meet consumers where they are today based on their lifestyle and protection needs. From the offer of an insurance policy at just the right moment to real-time, self-service capabilities, including streamlined claims payment processes, the Blink by Chubb experience is brought to market with Chubb Studio and exemplifies the foundation of Chubb’s partnership value proposition.

“Chubb Studio has opened many doors to digital distribution partnerships across sectors and geographies, helping to drive growth and scale the footprint of our partner companies,” said Sean Ringsted, Chief Digital Business Officer at Chubb. “These three new features will set the pace for others competing in the embedded insurance market. The integration technology and design-led approach provides our distribution partners with significant flexibility to embed insurance how they want and when they want, with even faster product launches. During every integration, we listened to our partners and designed this next iteration of Chubb Studio to not only exceed developer expectations, but also the expectations of customers.”

Hashtag: #Chubb

About Chubb

Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE:CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 34,000 people worldwide. Additional information can be found at: .