Home Blog Page 4057

Pioneer under Tykhe Capital Launches Hong Kong’s First Tokenized USD Money Market Fund

A Landmark Achievement Following HKbitEX VATP License Approval


HONG KONG SAR – Media OutReach Newswire – 15 January 2025 – Pioneer Asset Management Limited (“Pioneer“), a subsidiary of Tykhe Capital Group Limited (the “Group” or “Tykhe Capital“), a leading Real-World Asset (RWA) and Security Token Offering (STO) innovator in the APAC region, announces the launch of Hong Kong’s first tokenized USD money market fund (TMF Token) (the “Fund“, TMF). This flagship product marks the Group’s fourth venture into RWA/STO projects, following its initiatives in real estate, private debt, and AI (Artificial Intelligence). It is also the Group’s first flagship product launched after the Securities and Futures Commission (SFC) of Hong Kong granted HKbitEX a license for operating a Virtual Asset Trading Platform (VATP).

Democratizing Access to Institutional-grade USD Money Market Fund
The Fund is structured as an open-ended tokenized fund, investing in institutional-grade USD-denominated instruments with relatively high and stable yields. The process of tokenization revolutionizes access to finance by making a premium product once reserved for institutional clients now accessible to a wider range of investors. Key features include:

  • Accessible Entry Point: The minimum initial investment for the Fund is US$5,000, making a high-yield product once exclusive to institutions, now accessible to a wider range of professional investors.
  • Regulatory Compliance: Designed in strict adherence to SFC guidelines, ensuring a secure and trustworthy investment framework.
  • First of Its Kind in Hong Kong: As the city’s first tokenized MMF, this product sets a new standard in regulated financial innovation.
  • Future-Forward Adaptability: Pending SFC approval, the fund plans to accept stablecoins like USDT and USDC for subscriptions and redemptions, further enhancing accessibility and operational efficiency for investors.
  • Secondary Market: Backed by the Group’s exchange, which just secured Type 1, 7, and AMLO licenses, the tokenized MMF can be traded on the platform, providing higher liquidity and flexibility for investors upon SFC approval.


A Flagship Milestone

“The launch of our tokenized MMF marks a new era for the financial landscape in Hong Kong,” said LUO Xinghua, Director of the Pioneer. “As the first of its kind in the city, this product not only exemplifies our commitment to innovation but also solidifies Hong Kong’s position as a global leader in Web3 and digital finance.”

The Fund’s debut reflects the Group’s ongoing commitment to fostering innovation and delivering superior financial solutions. As the first product launched after the Group obtained its VATP license, the MMF underscores the robustness of the Group’s regulatory compliance and its focus on creating secure investment opportunities for its clients.
Hashtag: #sfc #sto #rwa #moneymarketfund #tykhe #hkbitex #tokenization #token #crypto #donaldtrump #bullish



Wechat: Tykhe Capital

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

About Tykhe Capital Group Limited

Tykhe Capital is committed to building the technical foundation for the future of finance, powered by cutting-edge Web 3 applications. Through a diversified portfolio of subsidiary companies, it provides a fully compliant, end-to-end infrastructure for the virtual asset ecosystem, driving a transformative new economic paradigm.

          At Tykhe Capital, innovation and compliance are at the core of our mission. We are dedicated to reshaping the financial landscape, empowering investors worldwide, and setting new industry standards with our cutting-edge solutions. In 2023, it launched Hong Kong’s first real estate RWA product, mentioned by Ms. Christina Choi, Executive Director of the SFC, during the Bloomberg Buy-Side Forum Hong Kong 2023. ()

          Château Le Fantôme raises €50 thousand Euros for three bottles of wine at charity auction

          Key News Highlights: 

          • The Château Le Fantôme 2022 vintage realised a price of more than €16 thousand Euros per bottle.
          • The 2022 vintage is presented in bottles and a box with artwork created by artist Oliviero Rainaldi.
          • The charity auction supported a Vatican charitable project.
          • The private vineyard in Pomerol France produces extremely limited wines that are not available for purchase. 

          BORDEAUX, France, Jan. 15, 2025 /PRNewswire/ — Château Le Fantôme has raised €50 thousand Euros for a Vatican charitable project by auctioning 3 bottles of its 2022 vintage. The wine is presented in bottles and a box with artwork created by artist Oliviero Rainaldi. At a realized price of more than €16 thousand Euros a bottle, Château Le Fantôme stands among the most exclusive wines in the world. The winning bidder who wishes to remain anonymous mentioned “It is a privilege to be helping a Vatican charitable project especially during the Christmas season. Let us not forget the true meaning of this holiday.” 

          The auction supported a Vatican charitable project. The winning bidder’s funds were remitted directly to the project coordinator at the Vatican.   

          Château Le Fantôme is believed to be the only non commercial vineyard in Pomerol, France. The château sits on soils first planted by the Hospitallers of St. John of Jerusalem during the first centuries of the last millennium according to stone markers found on the property, making this one of the oldest vineyards of Bordeaux. 

          The cross on the bottle’s design pays homage to its past while the artwork by Oliviero Rainaldi, titled Calma Tu Alma, embraces the future. During the Great Jubilee of 2000, Pope John Paul II awarded Oliviero the title of Academic of the Pontifical Academy of Fine Arts and Letters of the Virtuosi at the Pantheon. 

          Château Le Fantôme’s wines are not available for purchase. These extremely limited and rare bottles of wine are only shared among certain individuals close to the producers, and luminaries in all corners of the world.

          About Château Le Fantôme

          Château Le Fantôme is believed to be the only non commercial vineyard in Pomerol, France. According to stone markers found on the property the terroir was cultivated by the Hospitallers of St. John of Jerusalem nearly 1000 years ago making it one of the oldest vineyards in Bordeaux. Its wines are not available for purchase. 

          Contact : charity@chateaulefantome.com

          Lao Government Aims for Fifth Year of Budget Surplus

          Lao Government Outline Plans for Economic Independence in 2025
          Lao Fresh Market in Vientiane Capital. (Photo: seethinkexplore )

          The Lao government is striving to surpass its state budget revenue targets for a fifth consecutive year, 

          Laos Adopts Satellite Technology to Boost Carbon Credit Potential

          Laos Adopts Satellite Technology to Boost Carbon Credit Potential
          Photo Credit: Nam Et-Phou Louey National Park

          Laos is leveraging satellite remote sensing technology to calculate carbon stocks across nine forest areas in the country totaling 170,556 hectares. 

          FinVolution’s SVP Ming Gu speaks at Asian Financial Forum, highlighting opportunities in CreditTech for Southeast Asia’s underserved

          HONG KONG, Jan. 15, 2025 /PRNewswire/ — FinVolution Group (NYSE: FINV), a leading fintech service provider in the pan-Asian region, reaffirmed its commitment yesterday to advancing financial inclusion through cutting-edge credit technology and strategic partnerships at the Asian Financial Forum 2025 in Hong Kong.

          FinVolution’ SVP Ming Gu speaks at Asian Financial Forum
          FinVolution’ SVP Ming Gu speaks at Asian Financial Forum

           

          The Fintech Showcase at AFF 2025
          The Fintech Showcase at AFF 2025

          Dr. Ming Gu, Senior Vice President of FinVolution Group, shared his insights on how fintech innovation is transforming access to credit for underserved populations in Southeast Asia.

          “Fintech is creating new pathways for underserved populations to access credit and financial support, empowering them to invest in their futures,” he said at a thematic workshop on the future of fintech in Southeast Asia.

          Driving financial inclusion through innovation

          Gu emphasized FinVolution’s mission to bridge the gap between financial institutions and underserved communities by leveraging advanced credit technology.

          The company has built its business around serving young workers and small business owners from grassroots backgrounds, whose financial needs are often overlooked by traditional banks and other financial institutions.

          Through user-friendly digital lending platforms and collaborations with local partners, FinVolution has supported over 6 million borrowers and facilitated loans exceeding US$3 billion in its markets outside China as of Q3 2024.

          FinVolution’s AI-powered tools enable financial institutions to better assess creditworthiness, particularly for those without traditional credit histories, Gu explained.

          Opportunities and challenges in Southeast Asia’s market

          Gu highlighted Southeast Asia’s potential as a key growth market for fintech, driven by its young population, e-commerce growth, and credit-driven consumption habits.

          “Very few regions in this world can meet all these criteria,” he said, highlighting the underpinnings of Southeast Asia’s ascent as a fintech powerhouse. “Digital lending always goes hand in hand with the growth of e-commerce.”

          “The number one factor driving financial inclusion and literacy is GDP per capita,” Gu said. “Fintech and other technologies serve as a tool to facilitate this process, but it is GDP per capita that remains the cornerstone of development.”

          For instance, Indonesia’s ambitious Golden Indonesia 2045 Vision aims to accelerate the nation’s economic growth by at least 5% annually over the next two decades.

          This initiative reflects the nation’s commitment to fostering financial inclusion and leveraging technology as a catalyst for sustainable progress.

          Indonesia is the place to watch over the next five to 10 years,” Gu added. “We are very bullish on Southeast Asia.”

          Symbiotic relationship with regulators and financial partners

          Despite these opportunities, challenges such as the lack of credit histories and increasing fraud risks persist, threatening the future of fintech in this region.

          FinVolution combats these issues with advanced proprietary risk management systems and fraud prevention technologies.

          Gu stressed the collaboration with regulators and financial institutions in creating a robust and inclusive financial ecosystem.

          FinVolution itself adheres to stringent regulatory standards, securing necessary licenses and aligning with local laws. This endeavor coincides with steady improvements to Southeast Asia’s regulatory stringency in recent years, which are credited for creating an environment conducive to fintech innovation.

          “I believe a symbiotic relationship between regulators and fintechs like us is crucial to Southeast Asia’s rise as a key global fintech hub,” Gu noted.

          With over 100 financial institution partners, including digital banks and consumer finance companies, FinVolution provides end-to-end credit tech solutions that streamline processes and expand outreach.

          FinVolution Group remains dedicated to driving financial inclusion and innovation in Southeast Asia. With a focus on technology and collaboration, the company aims to empower individuals and communities while fostering a thriving fintech ecosystem in the region.

          ZICC: The Incredible Yiwu Market

          BEIJING, Jan. 15, 2025 /PRNewswire/ — In Yiwu, David W. Ferguson, honorary chief English editor at Foreign Languages Press and the author of China’s Development in the New Era – the Zhejiang Experience, encountered many incredible things.

          “Why is this clearly intelligent and accomplished young lady with a degree in finance and accounting and a Master in Economics selling soft toys from a market stall in Yiwu?” A vendor at Yiwu International Trade Market drew his attention.

          This girl, who spent her childhood at the market, went to the UK for study at the age of 16. After completing her master’s degree, she returned to the market. Her family, together with tens of thousands of individual entrepreneurs in Yiwu, has created the world’s largest small commodity market.

          Zhejiang International Communication Center (ZICC) and Foreign Languages Press jointly launched the first episode, Decode China: the Incredible Yiwu Market, inviting Ferguson to share the Yiwu story. Stay tuned.

          A co-production by Zhejiang International Communication Center and Foreign Languages Press

          Shining at CES 2025, TCL Garners Multiple Awards for Display Innovations and Smart Home Solutions

          LAS VEGAS, Jan. 15, 2025 /PRNewswire/ — TCL Electronics, a leading consumer electronics brand and the world’s top two TV brand, has been honored with multiple awards at CES 2025, demonstrating its technological excellence in display innovations and smart home solutions. Among the highlights is the TCL 50 PRO NXTPAPER 5G smartphone, which received the prestigious CES 2025 Innovation Award in the Mobile Devices, Accessories & Apps category.

          Additionally, TCL also garnered six accolades at the 2024-2025 Global Top Brands Awards Ceremony (GTB), recognized across a broad range of product categories, from TVs and air conditioners to washing machines. The TCL Premium QD-Mini LED TV X11K received the “Mini LED Display Technology Innovation Award” for its unparalleled visual detail, clarity, and depth. The FreshIN Series Air Conditioner was recognized with the “Smart Fresh Air Technology Innovation Award”, while the TCL Super Drum Series Front Load Washing Machine earned the “Clean Technology Innovation Gold Award”. Furthermore, TCL was named among the “2024-2025 CE Brands Top 10” and “2024-2025 Global TV Brands Top 10”, underscoring its leadership and influence in the industry.

          Founded by the International Data Group (IDG) in 2006, these awards, organized by Asia Digital Group and Europe Digital Group, and co-hosted by TWICE with support from IDC, are among the most influential recognitions in the consumer electronics sector. Bill Jiang, Vice President of TCL Industries and General Manager of the Global Marketing Center, accepted the awards on behalf of the company.


          Other TCL product categories, such as smart locks, RayNeo AR Glasses, and mobile routers, also received multiple “Best of CES 2025” awards from international media.Besides, TCL’s 5G RedCap dongle, the TCL LINKPORT IK511, along with TCL 50 PRO NXTPAPER 5G were honored with the 2025 CES Picks Award in the TechRadar Pro category. On the eve of CES, TCL was awarded the 2025 Circana Consumer Electronics Performance Award for Top Increase in TV market share in North America.

          About TCL Electronics

          TCL Electronics (1070.HK) is a leading consumer electronics brand and leader in the global television industry. TCL now operates in more than 160 markets around the world. The company specializes in the research, development, and manufacturing of consumer electronics products ranging from TVs, audio, home appliances, mobile devices, smart glasses, commercial displays, and more. Visit the TCL website at https://www.tcl.com.

          Yum China to Report Fourth Quarter and Fiscal Year 2024 Financial Results

          SHANGHAI, Jan. 15, 2025 /PRNewswire/ — Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, “Yum China” or the “Company”) today announced that it will report its unaudited financial results for the fourth quarter and fiscal year ending December 31, 2024, before the U.S. market opens on Thursday, February 6, 2025 (after the trading hours of the Hong Kong Stock Exchange on Thursday, February 6, 2025).

          Yum China’s management will hold an earnings conference call at 7:00 a.m. U.S. Eastern Time on Thursday, February 6, 2025 (8:00 p.m. Beijing/Hong Kong Time on Thursday, February 6, 2025).

          A live webcast of the call may be accessed at https://edge.media-server.com/mmc/p/v2wgc5an.

          To join by phone, please register in advance of the conference through the link provided below. Upon registering, you will be provided with participant dial-in numbers and a unique access PIN.

          Pre-registration Link: https://register.vevent.com/register/BI475e24b0874041078f0918c1c1fc901a

          A replay of the webcast will be available two hours after the event and will remain accessible until February 5, 2026. Additionally, earnings release accompanying slides will be available at the Company’s Investor Relations website http://ir.yumchina.com.

          About Yum China Holdings, Inc.

          Yum China is the largest restaurant company in China with a mission to make every life taste beautiful. The Company has approximately 400,000 employees and operates over 15,000 restaurants under six brands across around 2,200 cities in China. KFC and Pizza Hut are the leading brands in the quick-service and casual dining restaurant spaces in China, respectively. In addition, Yum China has also partnered with Lavazza to develop the Lavazza coffee concept in China. Little Sheep and Huang Ji Huang specialize in Chinese cuisine. Taco Bell offers innovative Mexican-inspired food. Yum China has a world-class, digitalized supply chain which includes an extensive network of logistics centers nationwide and an in-house supply chain management system. Its strong digital capabilities and loyalty program enable the Company to reach customers faster and serve them better. Yum China is a Fortune 500 company with the vision to be the world’s most innovative pioneer in the restaurant industry. For more information, please visit http://ir.yumchina.com.

          Investor Relations Contact
          Tel: +86 21 2407 7556
          E-mail: IR@yumchina.com

          Media Contact
          Tel: +86 21 2407 8288 / +852 2267 5807
          E-mail: Media@yumchina.com