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Bybit Partners with Sygnum to Bring Off-Exchange, Swiss-Regulated Custody to Strengthen Institutional Crypto Security

DUBAI, UAE, Sept. 9, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced a strategic partnership with Sygnum, a global digital asset banking group, to provide institutional clients with secure, off-exchange custody through the Sygnum Protect platform.

This integration strengthens Bybit’s position as a trusted partner for institutions by combining its broad product range and deep liquidity with the bank-grade security of Swiss-regulated custody. Bybit’s institutional clients can now hold assets off-balance sheet at Sygnum Bank while trading spot and derivatives seamlessly on Bybit. Asset balances are instantly mirrored on the exchange and trading P&L is settled automatically every eight hours, ensuring both capital efficiency and operational transparency.

A New Standard for Institutional Security

Sygnum Protect is the largest bank-operated Off-Exchange Custody platform, now covering exchanges that collectively account for over 50% of global annual spot and derivatives volumes. Bybit joins other leading members of this ecosystem, reinforcing its commitment to providing institutional investors with the highest standards of security, resilience, and trust.

The platform integrates multiple security layers, including advanced software-hardware controls, strict governance, independent audits, and the legal protection of bankruptcy-remote asset custody under Swiss banking law. This gives institutional clients peace of mind that their assets are safeguarded even in times of market uncertainty.

Expanding Bybit’s Custody Ecosystem

Bybit has built a robust network of trusted custody partners, including Fireblocks, Copper, and Cactus, to give clients flexibility and confidence in safeguarding their assets. The addition of Sygnum Bank marks a new milestone in this strategy, bringing regulated, bank-grade off-exchange custody into the Bybit ecosystem.

“Crypto and stablecoin infrastructure is evolving, and managing counterparty risks is essential for further institutional adoption,” said Yoyee Wang, Head of Bybit’s Business-to-Business Unit (BBU). “Our partnership with Sygnum Bank not only gives clients access to Bybit’s industry-leading products and liquidity, but also ensures their assets are safeguarded with the highest standards of Swiss banking. Together, we are building a secure and transparent foundation for institutions to trade with confidence.”

“Sygnum Bank remains committed to working with leading exchanges to enhance the resilience of the crypto industry and empower institutions to trade with peace of mind,” said Dominic Lohberger, Sygnum Chief Product Officer. “The rapid adoption of Sygnum Protect by institutional clients trading on Binance, Deribit, and now Bybit, demonstrates the urgent need for bank-grade, off-balance sheet custody solutions. We are delighted to welcome Bybit to our growing network of integrated exchanges.”

Looking Ahead

As part of the Sygnum Protect roadmap, the next phase will introduce automated collateral transfers between exchanges to further enhance capital efficiency and asset allocation for institutional clients.

With this collaboration, Bybit continues to deliver on its mission of creating a secure, transparent, and innovative trading environment, giving institutions the tools they need to thrive in the evolving digital asset landscape.

#Bybit / #TheCryptoArk / #IMakeIt

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press 
For media inquiries, please contact: media@bybit.com 
For updates, please follow: Bybit’s Communities and Social Media 

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

About Sygnum

Sygnum is a global digital asset banking group, founded on Swiss and Singapore heritage. We empower professional and institutional investors, banks, corporates and DLT foundations to invest in digital assets with complete trust. Our team enables this through our institutional-grade security, expert personal service and portfolio of regulated digital asset banking, asset management, tokenization and B2B services. In Switzerland, Sygnum holds a banking license and has CMS and Major Payment Institution licences in Singapore. The group is also regulated in the established global financial hubs of Abu Dhabi, Luxembourg and Liechtenstein. We believe that the future has heritage. Our crypto-native team of banking, investment and digital asset technology professionals are building a trusted gateway between the traditional and digital asset economies that we call Future Finance. To learn more about how Sygnum’s mission and values are shaping this digital asset ecosystem, please visit sygnum.com and follow us on LinkedIn and X.

Sygnum Media contact 
Dominic Castley, Chief Marketing Officer
dominic.castley@sygnum.com

Sygnum Bank AG,
Uetlibergstrasse 134a,
8045 Zurich, Switzerland

Disclaimer: The information in this publication pertaining to Sygnum Bank AG (“Sygnum”) is for general information purposes only, as per date of publication, and should not be considered exhaustive. Sygnum expressly disclaims all liability that may be based on such information, omissions, or errors thereof. This publication does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal, investment advice, recommendation, offer or invitation by or on behalf of Sygnum to purchase or sell any assets. 

Second Phase of Mekong Flood Barrier Project Nears 90 Percent Completion

Mekong Flood Barrier. (Photo: Oulayvanh Sisounonth)

The second phase of the Mekong River Erosion Prevention and Development Project in Vientiane Capital is now 89.3 percent complete, as of early September, according to the Department of Public Works and Transport. The project is expected to be fully completed by June 2026.

HUBLOT AMBASSADOR AND FOOTBALL CHAMPION KYLIAN MBAPPÉ UNVEILS THE NEW CLASSIC FUSION CHRONOGRAPH UEFA CHAMPIONS LEAGUE TITANIUM: A WATCH THAT SCORES ON EVERY FRONT

This year, two legacies align.
70 years of the European Cup.
10 years of Hublot as Official Watch. 
Lift the moment. Wear the legend.

NYON, Switzerland, Sept. 9, 2025 /PRNewswire/ — In football, timing is everything. Since 2015, Hublot has been the Official Watch of the UEFA Champions League, measuring greatness, second by second, goal by goal, glory by glory. To celebrate 10 years of unforgettable moments, Hublot introduces the Classic Fusion Chronograph UEFA Champions League Titanium, a limited-edition timepiece that kicks off the 2025/26 season in style, available in just 100 pieces. Dressed in legendary blue. Powered by the spirit of champions.

Hublot Ambassador Kylian Mbappé wearing Classic Fusion UEFA Champions League timepiece
Hublot Ambassador Kylian Mbappé wearing Classic Fusion UEFA Champions League timepiece

Since joining the UEFA Champions League stage in 2015, Hublot has timed over 800 matches, logging everything from the most spectacular goals to the most unforgettable comebacks. Every second counted. Every memory captured. As the European Cup celebrates 70 years, from its roots in 1955 to becoming the world’s most-watched annual sporting event, Hublot is proud to have been part of the last decade. Together, we’ve shared the moments that live forever.

The Classic Fusion Chronograph UEFA Champions League Titanium is a collector’s item for true football aficionados. This 100-piece limited edition features a 42mm satin-finished and polished titanium case, a gradient blue dial and the UEFA Champions League logo applied on the 3 o’clock counter. The strap fuses black rubber with blue calf leather, proudly bearing the iconic UEFA Champions League starball emblem. Because legends deserve more than a box, each watch is presented in a custom wooden case, complete with an official miniature UEFA Champions League trophy replica: the only one you don’t have to win to lift, but that makes you feel like a winner every time you wear the watch.

Hublot CEO, Julien Tornare stated: “Football isn’t just a game, it’s a feeling. From the roar of the crowd to the silence before a penalty, every beat matters. And this watch is built to beat with you. Football has the power to unite, inspire and move us. It’s hearts racing, nations watching, legends rising. At Hublot, we celebrate the joy of shared moments and the thrill of chasing greatness. That’s what drives us. Because we don’t just measure time, we celebrate it!” 

The Classic Fusion Chronograph UEFA Champions League Titanium is available at Hublot boutiques worldwide and on Hublot.com.

HUBLOT: www.hublot.com

Hublot Classic Fusion UEFA Champions League Titanium timepiece
Hublot Classic Fusion UEFA Champions League Titanium timepiece

 

GSMA calls for renewed focus on closing the Usage Gap as more than 3 billion people remain offline despite available mobile internet services

LONDON, Sept. 9, 2025 /PRNewswire/ — 4.7 billion people, or 58% of the world’s population, now use mobile internet services on their own device, according to the flagship annual State of Mobile Internet Connectivity report from the GSMA, the global industry body for the mobile sector.

However, despite 96% of the global population living in areas with mobile internet coverage available to them, 3.1 billion people are still not using it. These people – 38 % of the world’s population – sit within what is known as the Usage Gap, with barriers other than coverage availability keeping them offline.

A further 300 million people (4% of the global population) live in what is labelled the Coverage Gap, lacking any available mobile internet connectivity.

This means that 3.4 billion people globally remained unconnected to mobile internet services in 2024. The overwhelming majority live in areas with available coverage they remain unable or unwilling to use.

Mobile remains the primary, and in many cases only, way most people access the internet in low- and middle-income countries (LMICs), and now accounts for 84% of global internet connections. The vast majority (93%) of the unconnected live in LMICs.

Across LMICs, the affordability of an entry-level, internet-enabled device has remained relatively unchanged since 2021 and represents 16% of average monthly income, increasing to 48% for the poorest 20%.

Vivek Badrinath, Director General of the GSMA, comments: “A device at $30 could make handsets affordable to up to 1.6 billion people who are currently priced out of connecting to available mobile internet coverage.

“To produce this will require a concerted, collaborative effort between the mobile industry, device manufacturers, policy makers, financial institutions and more, but it is a responsibility we all must shoulder.

“Getting online has undeniable socioeconomic benefits to individuals and societies. Essential services such as healthcare, education, and banking are now most commonly accessed online, and for billions of people this primarily means on mobile.

“In 96% of the world, the infrastructure is in place for people to get online via mobile. Removing the remaining barriers is essential to ensuring existing digital divides are reduced rather than deepened and many more of these 3.1 billion people can benefit from life-changing connectivity.”

To read the full report and for more information, see here.

 

John Crane unveils game-changing Type 8628VL mechanical seal, setting new benchmark for ethane pipeline performance

SLOUGH, England, Sept. 9, 2025 /PRNewswire/ — John Crane has launched the Type 8628VL, a next generation mechanical seal engineered to solve the oil and gas industry’s toughest challenges: maintaining sealing integrity in multiphase ethane and ethylene pipelines. Designed to perform under volatile pressure and temperature conditions, the Type 8628VL leverages spiral groove non-contacting technology to deliver exceptional reliability, operational efficiency, and environmental compliance.

Solving the Multiphase Challenge in Pipeline Infrastructure

Ethane pipelines present unique challenges due to frequent fluid phases shift from liquid to vapour to supercritical, which can compromise conventional seal performance. The Type 8628VL addresses this by employing dual non-contacting seal faces in a tandem configuration, a design validated by peer-reviewed Lubricants (MDPI) research. The research confirmed that spiral groove non-contacting seal faces deliver superior hydrodynamic lift, phase-change resilience, and zero-wear operation in volatile fluid applications, ultimately allowing ethane pipelines to eliminate friction and wear while using the process fluid in these different states to provide lubrication.

Initial Field Installations on the U.S. Gulf Coast

A leading ethane transmission company operating along the U.S. Gulf Coast faced a major operational challenge: Managing phase change during pumping with pressure variations. Ethane, which exists as a liquid at around 18oC (65 oF) and 40 bar (580 psi), transitions to vapour at approximately 32oC (89 oF). This phase change created sealing and reliability issues, impacting uptime and seal life.

The operator installed four Type 8628VL seals on ethane pump equipment experiencing inconsistent performance at ~1100 psi. Three months into continuous operation and intermittent shutdowns, the results were clear:

  • Non-contacting performance across all phases – liquid, vapour and supercritical
  • Extremely low leakage
  • Zero failures

“The performance is exactly what we hoped for — consistent, reliable, and robust. We now have full confidence in uptime,” said a senior reliability engineer from the customer site.

In addition, the deployment delivered measurable improvements in service turnaround, local service centre support and reduced refurbishment times.  It also lowered the costs associated with complex refurbishment, while the seal’s multiphase capability eliminated a key cause of premature seal failure.

Key Benefits:

  • Enhanced Reliability: Operates nearly twice as long as conventional wet seals with liquid barrier fluid, with a mean time between repair (MTBR) of up to 48 months and beyond.
  • Efficiency and Sustainability: Requires only 2-3 GPM of flush fluid – a fraction of the 10-30 GPM fluid required when contacting seal faces are applied. This reduces the size and capacity and resulting cost of flush fluid systems used with contacting seal technology.
  • Lower Operating Costs: Requires minimal maintenance, with operations targeting MTBR of 48 months and beyond.
  • Dramatically simplified sealing support systems: The dual unpressurised arrangement eliminates the need for complex API Plan 54 or 53B systems. This eliminates liquid barrier fluids and the cooling water associated with such systems.

Competitive Differentiation in a Changing Market

“Unlike hybrid or contacting seals, the Type 8628VL delivers pure non-contacting operation, even during rapid phase transitions,” said Mike Eason, Chief Technology Officer at John Crane.  It’s a significant step forward for the sector,”   

Eason added: “We will continue to expand our portfolio with products that meet customer reliability and energy transition goals. The Type 8628VL is a testament to our commitment to innovate for greater efficiency zero greenhouse gas (GHG) emissions”.

Delta Electronics Brings Future-Ready Building Automation to MARVEX 2025

KUALA LUMPUR, Malaysia, Sept. 9, 2025 /PRNewswire/ — Delta Electronics, a global leader in power management and smart green solutions, is presenting its future-ready building automation portfolio at MARVEX 2025, highlighting integrated solutions that enhance energy efficiency, improve indoor air quality, and enable smarter operations for both new and retrofit projects.

Delta Electronics Brings Future-Ready Building Automation to MARVEX 2025
Delta Electronics Brings Future-Ready Building Automation to MARVEX 2025

Delta’s building automation portfolio includes LOYTEC and Delta Controls Building Management Systems, the Intelligent Community Management System (iCMS), UNO Indoor Air Quality Monitoring, and AI-based security solution VORTEX. These solutions empower building owners, developers, and facility managers to create smarter, healthier, and sustainable spaces that optimise comfort, reduce energy consumption, and extend building lifecycles.

“Buildings of the future will be intelligent, adaptable, and sustainable,” said Jimmy Wan, Country Manager, Delta Electronics Singapore & Malaysia. He added, “At MARVEX 2025, we’re highlighting how Delta’s open-integration, data-driven building automation solutions help our customers achieve higher efficiency, healthier environments, and long-term resilience; all while supporting their ESG goals.”

Enabling Smarter, Greener Building Operations

Aligning with global carbon neutrality and net-zero initiatives, Delta will showcase sustainable automation technologies that deliver greater operational efficiency, healthier indoor environments, and future-ready performance.

The LOYTEC LROC-800 Room Controller delivers flexible space reconfiguration and demand-driven energy optimisation, cutting installation complexity with Bluetooth Mesh wireless connectivity. The Delta Controls Red5 Room Controller and the enteliWEB central management platform, operators can seamlessly unify HVAC, lighting, shading, and security into one intuitive, real-time control interface.

The Intelligent Community Management System (iCMS) combines energy management, environmental monitoring, security, and traffic flow analytics into a single unified platform. Using Delta’s Energy Baseline (EnB) model, it identifies significant energy use patterns and supports targeted data-driven conservation measures. The UNO Indoor Air Quality Monitoring Solution, compliant with RESET, WELL and LEED standards, continuously tracks Temperature, Humidity, CO₂, CO, CH2O, PM2.5, and TVOC levels to ensure healthier indoor environments and enhance occupant well-being.

Key Solutions on Display at Booth 4D397, Hall 4

  • LOYTEC LROC-800 Room Controller & LWEB-900 Building Management System
    Streamline building control with flexible room automation, open-protocol integration, and advanced cybersecurity for long-term interoperability.
  • Delta Controls Red5 Room Controller & enteliWEB Building Management System
    Centralise facility operations with real-time data visualisation, remote monitoring, and simplified control across multiple building systems.
  • Intelligent Community Management System (iCMS) 
    Optimise multi-facility operations with predictive analytics, enabling proactive energy management and improved operational efficiency.
  • UNO Indoor Air Quality Management
    Maintain healthier, more productive spaces with WELL-certified monitoring and intelligent HVAC control for consistent air quality.
  • VORTEX Cloud-Based AI Surveillance
    Strengthen building safety with AI-driven, cloud-based video management for faster incident detection and investigation.

Under the theme “Upcycle Your Space: Smart Automation for a Sustainable Built Environment,” Delta is also delivering a Power Talk session demonstrating how retrofitting with LOYTEC’s cutting-edge automation technology can transform existing spaces into high-performing, energy-smart facilities.

Delta remains committed to advancing sustainable building operations worldwide, in alignment with its RE100 commitment to source 100% renewable electricity by 2030 and net-zero emissions by 2050.

MARVEX 2025 takes place at the Kuala Lumpur Convention Centre from September 9 to 12, 2025. Visit Delta at Booth 4D397, Hall 4 to explore how its building automation technologies are shaping smarter, greener, and more resilient spaces. For more information, please visit: www.delta-singapore.com.

ABOUT DELTA ELECTRONICS INT’L (Singapore)

The company is a wholly owned subsidiary of Delta Electronics, Inc.

ABOUT DELTA

Delta, founded in 1971, and listed on the Taiwan Stock Exchange (code:2308), is a global leader in switching power supplies and thermal management products with a thriving portfolio of IoT-based smart energy-saving systems and solutions in the fields of industrial automation, building automation, telecom power, data center infrastructure, EV charging, renewable energy, energy storage and display, to nurture the development of smart manufacturing and sustainable cities. As a world-class corporate citizen guided by its mission statement, “To provide innovative, clean and energy-efficient solutions for a better tomorrow,” Delta leverages its core competence in high-efficiency power electronics and its ESG-embedded business model to address key environmental issues, such as climate change. Delta serves customers through its sales offices, R&D centers and manufacturing facilities spread over close to 200 locations across 5 continents.

Throughout its history, Delta has received various global awards and recognition for its business achievements, innovative technologies and dedication to ESG. Since 2011, Delta has been listed on the Dow Jones Best-in-Class World Index (formerly the DJSI World Index of Dow Jones Sustainability™ Indices) for 14 consecutive years. Delta has also won CDP with double A List for 4 times for its substantial contribution to climate change and water security issues and has been named Supplier Engagement Leader for its continuous development of a sustainable value chain for 8 consecutive years.

For detailed information about Delta, please visit: www.deltaww.com

Employers Across APME Hold Steady with a Net Employment Outlook of +28%

  • The Net Employment Outlook for Q4 2025 in Asia Pacific and the Middle East stands at +28%. 
  • Employers in UAE (+45%), India (+40%), and China (+34%) report the strongest Outlooks in the region. The UAE continues to rank first globally, exceeding the global average by 22 percentage points.
  • The Information Technology sector continues to lead hiring intentions (+38%), followed by Financials and Real Estate (+38%), and Transport, Logistics, and Automotive (+32%).
  • 42% of employers in the region plan to hire in Q4, with 41% citing company expansion as the top reason for staffing increases, followed by new ventures requiring additional roles (34%).

SINGAPORE, Sept. 9, 2025 /PRNewswire/ — The latest ManpowerGroup Employment Outlook Survey shows a steady labor market in Asia Pacific and the Middle East (APME), with a seasonally adjusted Net Employment Outlook (NEO) of +28% for Q4 2025—remaining unchanged from Q3 2025 and up five points compared to Q4 2024. Employers in United Arab Emirates (UAE) continue to lead at +45%.

Q4 2025 ManpowerGroup Employment Outlook Survey - APME Key Findings
Q4 2025 ManpowerGroup Employment Outlook Survey – APME Key Findings

The Survey, which gathered data from over 12,437 employers across 10 APME countries and territories, found that employers are evenly split, with 42% planning to expand their workforce and another 42% aiming to maintain current staffing levels. Meanwhile, 13% anticipate a reduction in headcount.

“Across Asia Pacific and the Middle East, employers are navigating a complex landscape with a steady hand, focusing on long-term workforce resilience. While expansion and diversification continue to drive hiring across the region, there is a noticeable shift toward more strategic talent planning,” said François Lançon, Regional President, Asia Pacific & Middle East, ManpowerGroup. “Employers are rethinking how work gets done, aligning talent strategies with business continuity and adaptability. This reflects a broader shift toward workforce agility, where stability and flexibility go hand in hand.”

Besides employment Outlooks, the APME report highlights shifting talent strategies. View the full results here: www.manpowergroup.com.sg/meos-apme

About ManpowerGroup
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years.

 

Xinhua Silk Road: Conference held in NE. China’s Shenyang to boost high-quality development of global industrial economy

BEIJING, Sept. 9, 2025 /PRNewswire/ — The 2025 Exchange Conference on Global Industrial Internet Integrated Development, themed “Intelligent Industry for Global Connectivity”, was held on September 6 in Shenyang, northeast China’s Liaoning Province.

Photo shows the 2025 Exchange Conference on Global Industrial Internet Integrated Development held in Shenyang, northeast China's Liaoning Province on Sept. 6, 2025.
Photo shows the 2025 Exchange Conference on Global Industrial Internet Integrated Development held in Shenyang, northeast China’s Liaoning Province on Sept. 6, 2025.

As a main forum of the 2025 Global Industrial Internet Conference opened in Shenyang on the same day, the event attracted nearly 300 representatives from governments and enterprises of 11 countries and regions to exchange ideas on new development trends of industrial internet, in a bid to promote high-quality development of the global industrial economy.

Global connectivity is not just about technology, said Hermano Tercius, Secretary of Telecommunications at the Ministry of Communications of Brazil, adding that in addition to technology, the wisdom to construct global intelligence for digitalization is also required to ensure that the achievements of the next industrial revolution are shared by all mankind.

The Belt and Road Initiative (BRI) will support more developing countries to deepen project cooperation and create development opportunities in the field of industrial internet, noted Lucero Carreón, vice chairperson of the MexicoChina bilateral entrepreneurs branch with the Mexican Council for Foreign Trade, Investment and Technology.

The ultimate goal of global collaboration in the digital field is to benefit the entire industry and drive the future of industrialization, said Ben Sassi, general manager with Warsaw Chamber of Commerce in Poland.

Zhao Yongsheng, head of Shenyang’s Tiexi District, shared the successful experience of the industrial digital transformation of Tiexi District.

He said that Tiexi District has striven to promote the intelligent upgrading of traditional industries, and the construction of industrial internet and digital transformation, and actively make layouts in new infrastructure, digital industry agglomeration, and international cooperation.

Zhao added that a group of leading domestic and foreign enterprises and innovation platforms have successively settled in the district, and many smart factory and green manufacturing demonstration projects have been effectively implemented.

The “Global Smart Tour” industrial internet enterprises exchange programme, initiated by China Economic Information of Xinhua News Agency, was officially launched at the event.

By taking Shenyang as the starting point and the event as an opportunity, the programme aims at inviting international industrial and internet enterprises to visit China’s smart-factory-level production bases, and foster in-depth exchanges and mutual learning through field visits.

Original link: https://en.imsilkroad.com/p/347441.html