PROVIDENCIALES, Turks and Caicos Islands, Aug. 13, 2025 /PRNewswire/ — The globally leading cryptocurrency exchange KuCoin today announced a collaborative exploration with the digital financial infrastructure platform AlloyX to introduce Real-World Asset (RWA) tokens into the exchange’s collateral mechanisms. This partnership will pilot the integration of RWA token RYT, issued by a traditional licensed asset management company, into KuCoin’s Off-Exchange Settlement (OES) system for credit line management. The mechanisms will be gradually optimized and expanded based on market feedback.

This collaboration incorporates tokenized products from the “ChinaAMC USD Digital Money Market Fund,” issued by a traditional large-scale asset management institution—China Asset Management (Hong Kong) Limited—into the exchange’s credit system. It represents a new attempt to drive ongoing innovation in RWA application scenarios, further penetrating and establishing connections between Web2 and Web3 assets.

Crossover Initiative: Tokens Backed by Traditional Fund Assets Enter the Exchange Credit System

China Asset Management (Hong Kong) Limited is a wholly-owned subsidiary of China Asset Management Co., Ltd., and is one of the earliest Chinese asset management institutions in Hong Kong to conduct overseas business. It is the issuer of the underlying asset for the RYT token—the “ChinaAMC USD Digital Money Market Fund.” This fund is one of Asia’s first tokenized USD funds targeted at retail investors, with fund units available for subscription and redemption in token form.

Under this partnership mechanism, KuCoin will include RYT in its credit collateral list. Users holding the token can apply for credit lines in their platform accounts to support related trading operations. Backed by secure mechanisms and authentic assets, this innovative attempt provides a new use case for RWA tokens: users can earn underlying yields through holding, allowing investors to configure money market fund tokens as conveniently as other on-chain assets and increase asset allocation diversity, while also activating asset leverage value through collateralization.

Notably, the underlying asset structure of RYT has undergone rigorous compliance design, with functions such as fund custodian banking, fund administration, and unit registration handled by Standard Chartered Bank in Hong Kong, offering a trustworthy asset chain under a traditional financial framework.

KuCoin CEO BC Wong stated: “KuCoin has always been committed to bridging traditional finance and the crypto world through innovation. This collaboration with AlloyX to explore RWA tokens as collateral mechanisms exemplifies our dedication to providing users with secure and compliant solutions. We emphasize trustworthiness and risk control—this partnership not only elevates the platform’s innovation level but also delivers reliable asset appreciation opportunities to global users, helping them manage digital assets more confidently in dynamic markets.“

AlloyX Co-Founder and CEO Thomas Zhu remarked: “Our focus has always been on how RWA, as an asset form, can deliver more authentic and sustainable economic functions on-chain. This cooperation with KuCoin is a pragmatic attempt centered on ‘collateral mechanisms and scenario building,’ not only offering users more possibilities for asset utilization but also providing the industry with opportunities for structural validation.“

Long-Term Significance: Activating Liquidity and Guiding Market Consensus

Although RWA is still in its early development stage, its potential in institutional design, risk control, and asset-side construction is increasingly recognized by financial technology institutions. In this collaboration, AlloyX and KuCoin are linking up around RWA collateral mechanisms—not just a product-level integration test but potentially a vanguard for subsequent market standards and practical paths.

From an industry perspective, incorporating traditional asset tokens as compliant collateral into mainstream exchange credit systems is expected to enhance the depth of RWA usage and liquidity, while also providing observable models for more asset issuers, platform operators, and regulators.

In this context, KuCoin stated that it will continue to deepen exploratory collaborations with various parties to bring more innovative value to global users.

About KuCoin

Founded in 2017, KuCoin is a leading global cryptocurrency platform serving over 41 million users across 200+ countries and regions. Built on cutting-edge blockchain technology, KuCoin offers access to 1,000+ digital assets and solutions including Web3 wallet, Spot and Futures trading, institutional services, and payments. Recognized by Forbes as one of the “Best Crypto Apps & Exchanges” and a “Top 50 Global Unicorn” by Hurun, KuCoin is ISO 27001:2022 certified and committed to security, compliance, and innovation under the leadership of CEO BC Wong. Learn more: https://www.kucoin.com/

About AlloyX

AlloyX Limited is a technology company that specializes in global stablecoin payments and asset tokenization. Committed to integrating traditional banking payment systems with blockchain services, AlloyX provides secure and efficient stablecoin payment services and asset tokenization solutions. The company aims to become Asia’s leading stablecoin payments infrastructure and RWA tokenization technology provider. AlloyX offers embedded stablecoin wallet services and integrates various blockchain and payment solutions into its wallet and payment middle platform. The AlloyX platform also provides comprehensive solutions for stablecoin storage, payments, settlement, investment, foreign exchange, and asset tokenization, promoting the global adoption and application of stablecoin payments and tokenization technologies.

SEOUL, South Korea, Aug. 12, 2025 /PRNewswire/ — Within the framework of the Vietnam–Korea Economic Forum 2025, and in the presence of Prime Minister of the Republic of Korea Kim Min-seok and General Secretary of the Communist Party of Vietnam Central Committee To Lam, global IT services and technology company FPT signed strategic agreements with ABOV Semiconductor and Gachon University. These partnerships aim to advance semiconductor technology development and foster high-quality human resource training between the two nations.

Co-developing Next-Generation Chips with ABOV Semiconductor

FPT’s agreement with ABOV Semiconductor –  a leading designer and manufacturer of microcontrollers, advanced nonvolatile memory and various semiconductor solutions – focuses on joint research, design, and development of next-generation chips, while expanding the market and application of semiconductor products in South Korea. The collaboration aims to cooperate in using chips designed by FPT, particularly in South Korean market. They will also collaborate in launching the project regarding collaborative research, design and development of next generation Chips to build into a mutual complementary relationship between their respective technical capabilities and to develop competitive products. As part of the partnership, the Parties will discuss the details and frameworks of FPT’s semiconductor engineering service on a case-by-case basis.

As part of its strategy, FPT aims to build a comprehensive semiconductor ecosystem, from skilled talent to advanced services such as custom IC design, advanced packaging, and semiconductor testing.

High-Tech Human Resource Training with Gachon University

In education, FPT University and Gachon University signed an agreement to promote student exchange and education at both undergraduate and graduate levels, organize joint academic programs, facilitate faculty and scholar exchanges, and share academic information, materials, and publications, along with other academic activities mutually agreed upon by the two universities.

FPT University is a pioneer in Vietnam in training IT professionals in AI, cybersecurity, software engineering, and semiconductor IC design, with programs aligned to industry needs and international standards.

Enhancing Vietnam–Korea Technology Cooperation

Operating in South Korea since 2016, FPT has nearly 2,000 employees working locally and remotely from Vietnam, serving major clients including LG Electronics, LG CNS, Shinhan Bank, Daegu Bank, and Shinsegae I&C. Recognized in Gartner’s Top 200 technology companies in South Korea (2020–2021), FPT Corporation is the leading Vietnamese enterprise in revenue and workforce scale in this competitive market.

About FPT

FPT Corporation (FPT) is a globally leading technology and IT services provider headquartered in Vietnam and operates in three core sectors: Technology, Telecommunications, and Education. Over more than three decades, FPT has consistently delivered impactful solutions to millions of individuals and tens of thousands of organizations worldwide. Committed to elevating Vietnam’s position on the global tech map and delivering world-class AI-enabled solutions for global enterprises, the Corporation focuses on three critical transformations: Digital Transformation, Intelligence Transformation, and Green Transformation. In the first half of 2025, FPT recorded revenue of approximately USD 1.29 billion and profit before tax of around USD 243 million, representing year-on-year growth of 11.4% and 18.5%, respectively. For more information about FPT’s global IT services, please visit  https://fpt.com/en

FREMONT, Calif., Aug. 13, 2025 /PRNewswire/ — Socket Mobile, a leading provider of data capture and delivery solutions, is pleased to announce that its SocketScan S370 and S550 readers have been officially approved by the Japanese government as certified My Number Card readers. Both products now appear on Japan’s official list of eligible devices for accessing government services through the My Number Card program, an expansive and growing initiative designed to digitize citizen identification and enable secure access to public services.

The My Number Card system is Japan’s national identification platform, managed by the Digital Agency of Japan. It serves as a foundational piece of the country’s digital infrastructure, enabling citizens to securely access services such as tax filings, social security, health insurance, and more—now even extending to integration with Apple Wallet on iPhone. As a successful example of a national digital identity initiative, the My Number Card program demonstrates how governments can deliver citizen services in a safe, secure, and user-friendly way. With over 100 million cards issued and rising adoption across government and commercial services, the program represents a significant opportunity for Socket Mobile and its partners in Japan.

“Our approval as an official My Number Card reader provider marks a major milestone for our presence in Japan,” said Dave Holmes, Chief Business Officer at Socket Mobile. “The scale and reach of the My Number Card program are immense, especially with its recent integration into Apple Wallet on iOS. This designation reinforces our position as a trusted provider of secure, user-friendly data capture tools for businesses and developers integrating My Number Card functionality into their solutions. Being listed as an approved provider not only validates the performance and reliability of our mobile readers, but also opens up exciting opportunities for us in one of the world’s most forward-looking digital economies.”

Socket Mobile is well positioned in the digital ID and mobile credential reader space, providing readers that are ISO 18013-5 compliant and aligned with international standards for mobile driver’s licenses and identity credentials. This ensures broad compatibility and long-term support for evolving global digital ID initiatives.

Socket Mobile’s approved readers include the S550, a compact and contactless NFC reader, and the S370, which supports both NFC and 1D/2D barcode scanning. Both are ideal for mobile wallet applications. Designed for identity authentication, payment, and digital credential use cases, the readers pair easily with smartphones and tablets via Bluetooth®.

The S550 and S370 are fully compatible with all existing applications that use the latest version of Socket Mobile’s CaptureSDK and can be evaluated immediately. For developers not yet using CaptureSDK, integration provides reliable, consistent data capture performance and gives end-users the flexibility to choose the Socket Mobile reader that best fits their needs.

Socket Mobile remains committed to supporting digital identity adoption and providing flexible, high-performance tools to enable next-generation public and private services.

Discover how the S370 and S550 can support your mobile identity, payment, and credential applications.

Media Contact: David Holmes, David.holmes@socketmobile.com

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SEOUL, South Korea, Aug. 12, 2025 /PRNewswire/ — Willog, a leading provider of IoT and AI-powered supply chain intelligence solutions, today announced the signing of a Memorandum of Understanding (MOU) with the Republic of Korea (R.O.K.) Army Consolidated Supply Depot(Army Logistics Command). The partnership marks a significant step in the South Korean Army’s ongoing digital transformation.

Under the agreement, Willog will provide its cutting-edge technology and expertise to support the digital transformation of the Army’s supply chain. This collaboration will involve joint research, technical advisory, and the integration of Willog’s advanced ICT logistics solutions to enhance the efficiency and reliability of military logistics operations.

The R.O.K. Army Consolidated Supply Depot, which oversees all logistical support for the nation’s army, is actively modernizing its capabilities by adopting technologies like unmanned forklifts and autonomous guided vehicles (AGVs). Last year, its 1st Supply Group (1st Logistics Group) became the first unit in the entire R.O.K. armed forces to receive a ‘Smart Logistics Center’ certification from the Ministry of Land, Infrastructure and Transport, underscoring its commitment to innovation.

Under the MOU, Willog will deploy its proprietary IoT devices, which monitor not only location but also critical in-transit conditions like temperature, humidity, and shock. This data will be analyzed by Willog’s AI platform to provide predictive insights, ensuring the integrity of military assets and improving overall operational efficiency. Willog has a proven track record of applying this technology to high-risk logistics environments, including pharmaceuticals, precision instruments, and manufacturing. This partnership represents a pivotal moment, marking the company’s first major expansion into the public sector and validating its technology for a new, mission-critical environment.

“Integrating advanced private-sector technology is essential for the future of military logistics,” said an official from the Army Consolidated Supply Depot. “Through our partnership with Willog, we aim to build a more efficient and sophisticated logistics system for our armed forces.”

“This MOU marks a significant first step in the digital transformation of Korea’s military logistics,” said Sunghoon Bae, Co-CEO of Willog. “We are committed to leveraging our technology and experience to help strengthen the smart logistics capabilities of the R.O.K. Army, and eventually the Navy and Air Force as well.”

About Willog

Willog is an IoT- and AI-powered supply chain intelligence company that provides validated, real-time data and predictive analytics to manage logistics risks and enhance supply chain transparency. A recipient of the Scale-up TIPS program from the Ministry of SMEs and Startups and backed by successful Series A and B funding rounds, Willog has a proven record of market and technological innovation. Headquartered in Seoul, South Korea, with offices in Singapore, Japan, and the United States, Willog is actively pursuing global expansion and serves clients in the pharmaceuticals, manufacturing, and distribution industries worldwide.

For more information, visit www.willog.io.