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Bybit Unveils USDT Flash Deal: Earn 15% APR and Share in a 300,000 USDT Prize Pool

DUBAI, UAE, Feb. 28, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced an exclusive opportunity for USDT holders to maximize their earnings with a limited-time Fixed Savings Plan offering an impressive 15% Annual Percentage Rate (APR).

The USDT Flash Deal invites participants to stake their USDT and earn rewards in just seven days while having the chance to share a prize pool of 300,000 USDT. The event is scheduled to run from February 26 until March 26, 2025.

Bybit Unveils USDT Flash Deal: Earn 15% APR and Share in a 300,000 USDT Prize Pool
Bybit Unveils USDT Flash Deal: Earn 15% APR and Share in a 300,000 USDT Prize Pool

Participants will begin by depositing USDT into their Bybit accounts using any supported method before selecting the 7-day USDT Fixed Savings Plan to secure the guaranteed APR. With deposit limits set between 1,000 USDT and 10,000 USDT, the initiative is designed to deliver a fast and efficient way to grow digital assets.

Joan Han, Sales & Marketing Director at Bybit, commented on the initiative: “We understand that market conditions can be unpredictable, which is why we continue to offer different ways for users to manage and grow their assets. This Flash Deal is designed to provide a high-yield opportunity with stability, helping our community navigate market fluctuations with confidence.”

The promotion is available on a first-come, first-served basis and permits only a single stake per eligible user. It is open exclusively to users who have recently deposited a minimum amount and completed Identity Verification Level 1, with certain restrictions applying in select jurisdictions. Bybit continues to set industry benchmarks in digital asset management by delivering innovative financial solutions.

#Bybit / #TheCryptoArk

About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 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

 

LILYSILK Opens First-Ever Concept Store in New York, Expanding Its Global Footprint with a Stunning Retail Experience

NEW YORK, Feb. 28, 2025 /PRNewswire/ — LILYSILK, the world’s leading silk brand dedicated to inspiring people to live spectacular, sustainable lives, celebrates the grand opening of its first-ever concept store in the heart of Manhattan’s vibrant Meatpacking District with a spectacular event on February 27, 2025. Located at 654 Hudson Street, the store invites customers to experience the brand’s commitment to premium silk craftsmanship in an immersive retail environment.

LILYSILK's First-Ever Concept Store in 654 Hudson Street, New York
LILYSILK’s First-Ever Concept Store in 654 Hudson Street, New York

After 15 years of steady growth, this milestone marks LILYSILK’s expansion into brick-and-mortar retail, bringing its renowned silk apparel, bedding, and accessories to an iconic shopping destination.

Blending seamlessly with the neighborhood’s upscale boutiques and cultural landmarks, the store reflects LILYSILK’s refined aesthetic. Designed by ViaClover, a renowned Southern California-based firm, the space features a clean LILY WHITE backdrop with LILY GREEN accents, creating an inviting and elegant atmosphere.

“The store is a blank canvas, allowing LILYSILK’s designs to take center stage,” said Alexander Meder, Vice President & General Manager of LILYSILK Retail & Wholesale. “The accents of LILY GREEN artwork and comfortable lounge areas enhance the luxurious shopping experience, while carefully designed racks and wardrobes create the familiar feel of a home closet.”

LILYSILK’s exclusive grand opening event will welcome over 100 media representatives, industry professionals, and brand loyalists, introduce guests to the brand’s creative vision and mark the public debut of LILYSILK’s Creative Director, Yijia Shen.

Guests will receive the exclusive LILYSILK Dreamer Set, featuring a silk pillowcase, eye mask, and silk scrunchies — designed for better sleep, healthier skin, and ultimate relaxation — along with the opportunity to personalize their purchases through a custom embroidery experience with two on-site embroidery machines. To further celebrate the store’s opening, customers will also receive a special gift with any in-store purchase.

Visit Us at:

654 Hudson Street, New York, NY 10014

Operating Hours:

  • Monday: Closed
  • Tuesday to Friday: 11:00 AM6:00 PM
  • Saturday: 11:00 AM7:00 PM
  • Sunday: 12:00 PM5:00 PM

“We are thrilled to introduce LILYSILK’s first concept store in New York, a city that represents innovation, style, and timeless elegance,” said David Wang, CEO of LILYSILK. “This space is more than a store — it’s a destination for those who appreciate the finest silk craftsmanship, sustainable fashion, and modern luxury. Join us in this monumental moment as we grow together with the community.”

NYSE CONTENT ADVISORY: PRE-MARKET UPDATE + RARE DISEASE DAY AWARENESS

NEW YORK, Feb. 28, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) is proud to offer a daily pre-market update directly from the NYSE Trading Floor. Dr. Kinnari Patel, President, Head of R&D + COO at Rocket Pharma joins Trinity Chavez to discuss the impact of rare disease. Listen to the full conversation with Dr. Patel and Rocket Pharma CEO Dr. Gaurav Shah and tune into today’s NYSE TV Live to learn more about Rare Disease Day.

 

NYSE CONTENT ADVISORY: PRE-MARKET UPDATE + RARE DISEASE DAY AWARENESS

Kristen Scholer delivers the pre-market update on February 28th

  • Investors weigh latest inflation read and anticipate impact on markets
  • Wall Street wraps up down week highlighted by weak economic data
  • NYSE Façade will illuminate for Rare Disease Day after trading concludes

Watch NYSE TV Live every weekday 9:00-10:00am ET 

Video – https://mma.prnasia.com/media2/2630560/NYSE_Feb_28_2025_Market_Update.mp4 

 

Tech with Heart AI for Good

Data Pulse with AI

BEIJING, Feb. 28, 2025 /PRNewswire/ — Data is a significant driving force for AI development. How can we fully unleash data’s potential and make AI utilize it?

Tech with Heart AI for Good Data Pulse with AI
Tech with Heart AI for Good Data Pulse with AI

In a panel discussion, “Tech with Heart, AI for Good,” organized by Science and Technology Daily, He Guangxi, director at the Institute of International Science and Technology Relations, Chinese Academy of Science and Technology for Development, and Professor Gao Shaolin from Peking University Law and AI Research Center, shared their insights on AI and its association with new quality productive forces, big data and data regulation.

 

AI drives new quality productive forces

The conversation, hosted by Wu Baojun from the University of Chinese Academy of Sciences, kicked off with the exploration of the buzzword — new quality productive forces. He said that it is a driving force rooted in sci-tech innovation, playing a crucial role in promoting higher-level and higher-quality development of the social economy.

Gao explained the buzzword from the perspective of the three elements of productivity: the workers, the tools of labor, and the object of labor. Taking new quality productive forces into consideration, the workers are not the traditional ones engaged in hard manual labor but those who have mastered the latest science and technology. The labor tools are empowered by new generation information technology and AI technology, and the object of labor is also empowered with science and technology.

In this way, new quality productive forces are transforming traditional productive forces with new technologies, and AI is a key factor in this transformation, Gao said.

He added that AI is a significant part of sci-tech innovation and a likely area for breakthroughs. Meanwhile, other elements like new materials and new energy may also drive the development of new quality productive forces.

Data as cornerstone of AI development

The development of AI is driven by a so-called troika of computing power, algorithms and data.

He made a comparison to explain their importance. Computing power is the fuel, like oil or coal that provides energy, while algorithm is the production technology or method. “Then data is the raw material in the manufacturing industry,” He said. “Without raw materials, you can’t create new things.”

Gao said the concept of data has evolved from simple numbers to the underlying carrier of information in the digital age thanks to the advancement of technology. Since humans entered the digital age, all information is recorded and predicted in the form of zero and one by electronic computers.

“So now, when we talk about data, we must make an appropriate distinction between data and information,” Gao said.

Gao referred to the assisted driving system (ADS) to explain the significance of big data. The ADS requires a vast amount of data, including vehicle operation data, road traffic safety law data, meteorological data and environmental data. “Without data, no matter how good the algorithm is, there won’t be an ADS,” Gao said.

Proactive data policies to drive AI

However, the development of AI and the use of data face many challenges. AI’s huge appetite for data may lead to a shortage of real-world data by 2028, and the exploration of synthetic data raises concerns about data quality, He said. Synthetic data might eventually lead to a self-reinforcing loop or self-pollution of data.

Additionally, there are other pressing issues such as the unavailability of industry data, and data from government departments and public sectors, as well as data security and data sovereignty.

Gao described how China has been proactive in formulating policies to address these issues. For example, the National People’s Congress enacted the Data Security Law, which emphasizes the hierarchical and classified management of data. The law states that data should be classified into different categories, including governmental data, business data and personal data. From a security perspective, data is divided into risk-free, low-risk and high-risk categories. The law stipulates different protection requirements for each category.

The State Council of China issued the Twenty Data Measures to promote the development of data elements, clarifying three rights related to data ownership: the ownership of data resources, the right to process and use data and the right to operate data products.

The Ministry of Finance also issued a regulation, allowing data to be recognized as an asset and be recorded in companies’ balance sheets. “This has greatly stimulated the enthusiasm of businesses to process and use data to create data products,” Gao said. Moreover, two new documents have been released to promote cross-border data flow. They are the Regulations on Promoting and Regulating the Cross-border Data Flow, and Regulation on Promoting Data Trading.

Seeking balance between data privacy and AI development

The right to privacy and privacy concepts differ not only between different countries but also across different cultures. He said in recent years, the development of AI and digital technologies has led to a massive increase in collecting data. Therefore, more people are concerned about this issue.

China has made significant progress in striking a balance between personal privacy protection and AI innovation. Besides the Civil Code, the Personal Information Protection Law was enacted to define the scope of personal information.

To better protect personal privacy, Gao proposed establishing a trust system. This means entrusting personal information to a professional institution that has the capability to process it. Any access to the personal data must be approved by this institution, and the institution, trusted by many people, can negotiate contracts with App developers.

Only through a combination of technology and human effort can personal information be effectively protected. If this method works, it would create an effective path for protecting personal information, Gao said.

Both experts emphasized the importance of AI’s role in the development of new quality productive forces and the need to balance data utilization and privacy protection. They also expressed confidence in China’s ability to navigate the challenges and lead in the new wave of technological revolution.

DOOGEE at MWC 2025: Dare Different, Powered by AI

BARCELONA, Spain, Feb. 28, 2025 /PRNewswire/ — Meeting DOOGEE’s Innovation in Barcelona

DOOGEE’s MWC 2025 participation underscores its commitment to tech innovation and collaboration. The company invites global visitors to its booth to explore cutting-edge products and engage in discussions shaping rugged mobile technology’s future, with a series of industry’s leading designs, creativity, and technology.

Star-products of Doogee MWC25
Star-products of Doogee MWC25

DOOGEE’s Products Under the Spotlight

DOOGEE Rugged Phones: Dare Different in the Rugged Phone Industry

Doogee’s Rugged Phones Series breaks the mold. The V Max Series, ideal for outdoor adventurers and long-distance travelers, features the V Max S with a 22000mAh battery and camping lights.

In 2025, the V Max Play was introduced, the world’s first rugged phone with an integrated projector and camping light, offering multifunctionality, portability, and AI-enhanced operations.

The S200 Series appeals to game enthusiasts.  With the latest 5G processing, it ensures seamless multitasking. The S200 Plus, boasting a better mecha design, 1.32” 60Hz AMOLED rear display, and enhanced AI, provides a top-notch experience whether gaming or outdoors.

The Blade GT Series is the first smart light rugged phone emphasizing lightweight.  The Blade GT Ultra takes it further with a sleek design, MediaTek Dimensity 7300 5G processor, 16GB RAM, 512GB storage, and customizable smart lighting.

DOOGEE Smartphones: The Most Innovative 5G Smartphones

Doogee’s Smartphone Series stands out with AI integration. The Pure Series, the industry’s high – standard quad – curved phone, has a 6.73-inch AMOLED screen, AI – AI-enhanced 8M periscope telephoto lens, and large storage. The Pure 70 Pro offers 1TB storage. The Moment Series, the first ultra-thin project smartphone, allows users to project content on any flat surface. It’s known for its silicon anode large batteries. The Note Series packs a large battery in an 8.6mm body, and the V Flip Series offers a folding design for a large-screen experience when unfolding.

DOOGEE Tablets: 13”/14” Large-screen Tablets Powered by AI

In the tablet market, DOOGEE’s 13-inch Tab E3 Pro and 14-inch Tab E3 Max are great for business, entertainment, and learning. They feature large screens, ample storage, and long-lasting batteries. The AI Tablet with the A733 AI chip offers video optimization and more. The 11-inch Doogee Go Series and 10-inch Agile Series meet diverse user needs.

DOOGEE  Wearables: Your Health & Fitness Companion

In the smart wearables sector, Doogee’s products are built for adventurers and fitness enthusiasts. They combine durability, water resistance, and long battery life with health tracking and navigation. The smartwatch collection includes the D43/D43B(GPS) for fitness data, the D45B for business, and the D39B for style. All are AI-powered with features like ChatGPT-like interaction and real-time translation.

About DOOGEE

Experience tomorrow’s mobile technology at MWC 2025 with Doogee. Founded in 2009, DOOGEE specializes in rugged phones, smartphones, tablets, and smart wearables, holding 300+ patents. With global reach across 60+ countries, it ranks No.1 in rugged phones and Top 10 in Chinese cross-border e-commerce. Our rugged electronics, equipped with AI and 5G, have earned us 300 patents and a global presence in over 60 countries, with $27.6 million in sales in 2023.

Experience innovations firsthand. For inquiries:
pr@doogee.com | doogee.com
Follow: YouTube | TikTok | Facebook

Foxit Named One of the Best Software Companies on G2’s 2025 Best Software Awards

Foxit Also Recognized for Foxit PDF Editor in Best Collaboration & Productivity Products and Foxit eSign in Best Sales Software Products

FREMONT, Calif., Feb. 28, 2025 /PRNewswire/ — Foxit, a leading provider of innovative PDF and eSignature products and services, helping knowledge workers to increase productivity and do more with documents, today announced it has been named to G2’s 2025 Best Software Awards, on the Best Software Companies, Best Collaboration and Productivity Products (for Foxit PDF Editor), and Best Sales Software Products (for Foxit eSign) lists.

As the world’s largest and most trusted software marketplace, G2 reaches 100 million buyers annually. Its annual Best Software Awards rank the world’s best software companies and products based on authentic, timely reviews from real users.

“Being named to three of G2’s 2025 Best Software Awards lists is a tremendous honor because these rankings come directly from our customers. Their feedback and trust in Foxit validate our commitment to delivering the most user-friendly, secure, and high-performing PDF and eSignature solutions available,” said Evan Reiss, VP, Head of Marketing, Foxit. “At Foxit, we prioritize making document management as seamless and efficient as possible, and this recognition from G2 reinforces that we’re meeting and exceeding those expectations. We’re deeply grateful to our customers for their support and for choosing Foxit as their go-to solution.”

“The stakes for choosing the right business software are higher than ever,” said Godard Abel, co-founder & CEO at G2. “With over 180,000 software products and services listings and 2.9 million verified user reviews in the G2 marketplace, we’re proud to help companies navigate these critical choices with insights rooted in authentic customer feedback. The 2025 Best Software Award winners represent the very best in the industry, standing out for their exceptional performance and customer satisfaction. Congratulations to this year’s honorees!”

Foxit PDF Editor is an all-in-one, AI-powered PDF solution designed for businesses and professionals who need fast, secure, and intuitive document management. It enables users to create, edit, sign, annotate, and protect PDFs with ease across desktop, web, and mobile platforms. With advanced features like AI-powered document summarization, Smart Redact for automated redaction, and seamless eSignature integration, Foxit PDF Editor enhances productivity while ensuring compliance and security. Its user-friendly interface, flexible licensing options, and affordability make it a top alternative to Adobe Acrobat, helping organizations streamline their workflows and collaborate efficiently.

Foxit eSign is a secure, flexible, and legally binding eSignature solution designed to streamline document workflows for individuals and businesses. With options ranging from Foxit eSign Essentials for simple eSigning and payment collection to Foxit eSign Business for advanced team collaboration, custom branding, and unlimited templates, the platform adapts to unique business needs. Users can send, track, sign, notarize, and collect payments seamlessly, all while ensuring compliance with industry-standard security measures. Featuring comprehensive document tracking, reusable templates, and on-demand notary services, Foxit eSign empowers organizations to accelerate agreements, enhance efficiency, and simplify document management.

G2’s 2025 Best Software Awards feature dozens of lists, ranking software vendors and products using G2’s proprietary algorithm based on G2’s verified user reviews and publicly available market presence data. To be eligible for the Best Software Awards, a software company or product must have received at least one approved review during the 2024 calendar year and appear on a G2 Grid®. Scores reflect only data from reviews submitted during this evaluation period.

To learn more, view G2’s 2025 Best Software Awards and read more about G2’s methodology.

About G2
G2 is the world’s largest and most trusted software marketplace. More than 100 million people annually — including employees at all Fortune 500 companies — use G2 to make smarter software decisions based on authentic peer reviews. Thousands of software and services companies of all sizes partner with G2 to build their reputation and grow their business — including Salesforce, HubSpot, Zoom, and Adobe. To learn more about where you go for software, visit www.g2.com and follow us on X and LinkedIn.

About Foxit
Foxit is a leading provider of innovative PDF and eSignature products and services, helping knowledge workers to increase their productivity and do more with documents. Foxit delivers easy-to-use desktop software, mobile apps, and cloud services that allow users to create, edit, fill, and sign documents through their integrated PDF Editor and eSign offerings. Foxit enables software developers to incorporate innovative PDF technology into their applications via powerful, multi-platform Software Developer Kits (SDK).

Foxit has sold to over 640,000 customers, ranging from SMBs to global enterprises, located in more than 200 countries. The company has offices worldwide, including locations in the U.S., Europe, Australia, and Asia. For more information, please visit https://foxit.com.

PR Contacts:

Nicole Gorman
Touchdown PR, for Foxit
M: 508-397-0131
foxit@touchdownpr.com 

Jenny Gardynski at G2
jgardynski@g2.com or press@g2.com

BGM Group Announces Board Reshuffle: New Leadership Embarks on a Transformative Journey Amid Tech Revolution

CHENGDU, China, Feb. 28, 2025 /PRNewswire/ — BGM Group Ltd (NASDAQ: BGM) (the “Company” or “BGM”) today announced changes to its board of directors, marking the Company’s entry into a new phase of technological transformation and sustainable growth.

Mr. Zhanchang Xin has tendered his resignation and will step down from his role as Chairman of the Company, effective March 1, 2025. He will be succeeded by Mr. Chen Xin, the current Chief Executive Officer of the Company, who will assume the position of Chairman.

As the founder of the Company, Mr. Zhanchang Xin has, over the past six decades, has played a pivotal role in leading the Company through numerous challenges and milestones, including its successful listing on NASDAQ, laying a solid foundation for the Company’s development. At this critical juncture in the Company’s strategic transformation, Mr. Zhanchang Xin, with a clear vision of the Company’s future, has made the decision to step down. He stated, “I made this decision after careful reflection. As the Company enters a new phase of development, I believe this transition is crucial to ensure that Company is positioned to continue its trajectory of growth. I am confident that the younger generation of leaders will bring innovative ideas and broad vision, allowing the Company to navigate the next chapter of its growth with renewed vigor.”

Effective March 1, 2025, Mr. Chen Xin will officially assume the role of Chairman. Since becoming Chief Executive Officer in May 2024, he has led and participated in the acquisition project of Duxiaobao Intelligent Technology (Shenzhen) Co., Ltd. and has served as a member of its management committee, accumulating extensive experience in market consolidation and corporate management. Previously, he worked as an autonomous driving algorithm engineer at Shenzhen DJI Innovation Technology Co., Ltd. and Geely Automobile Research Institute. He has extensive engineering experience in artificial intelligence algorithms and data analytics. He holds a Bachelor’s degree in Physics from Sichuan University and a Master’s degree in Physics from the National University of Singapore, with a focus on the intersection of Physics and Machine Learning. His graduate research focuses on electron microscopy image processing and three-dimensional protein molecular structure prediction, bringing profound technological expertise and cutting-edge ideas to the Company’s technological transformation.

Mr. Chen Xin stated, “I am deeply honored by the trust and support from the Board to take on the role of Chairman at such a critical time. As a member of this Company, I have witnessed the extraordinary achievements under the leadership of Mr. Zhanchang Xin. His wisdom and perseverance have provided a solid foundation for our success, while his visionary decisions have guided us into this exciting new phase.”

“With the rapid development of technology, the Company faces unprecedented opportunities and challenges. I will work closely with the Board and all employees to drive the Company’s technological transformation and strategic upgrade, helping the Company achieve higher goals in the global competition and create greater value for our shareholders.”

The Board of Directors also announces the appointment of Mr. Lin Zhang as an independent director, chairman of the compensation committee, and a member of the audit committee and the nominating and corporate governance committee, effective March 1, 2025. taking over the position previously held by Mr. Ming Jing. Mr. Lin Zhang has rich experience in AI model architecture design, development, and mass production application. Since August 2023, he has served as the chief algorithm engineer at Geely Automobile Research Institute, leading the deep learning projects for intelligent driving planning models for multiple mass-produced vehicle models. From May 2022 to July 2023, he worked as an algorithm engineer at Shanghai Yunji Zhixing Intelligent Technology Co., Ltd., where he successfully led the development of the multimodal trajectory prediction AI model for the Robotaxi project and achieved remarkable results in multi-agent interaction modeling in complex urban scenarios. He holds a Ph.D. in Physics from the National University of Singapore, with a focus on deep learning network theory in artificial intelligence. He graduated with a Bachelor’s degree in Physics from Sichuan University. His expertise and practical experience will provide strong support for Company A Group’s decision-making, helping the company navigate technological waves and foster innovation. He holds a Ph.D. in Physics from the National University of Singapore with his doctoral research focusing on the theory of deep learning networks in artificial intelligence. He graduated from Sichuan University with a Bachelor’s degree in Physics. His professional background and practical experience will provide strong support for the decision-making of BGM Group and help the Company navigate technological waves and foster innovation.

This board reshuffle represents a key move for Company in embracing the wave of technological transformation and achieving strategic upgrades. The new leadership team is committed to fostering innovation and professionalism, providing high-quality decision-making for the company, accelerating the Company’s technological transformation, expanding its market presence, and creating greater value for shareholders and the industry.

About BGM Group Ltd

BGM Group Ltd. has a strategic focus on the technology fields of AI application, intelligent robots, algorithmic computing power, cloud computing, and biopharmaceuticals.

In terms of AI application implementation, the group relies on big data mining and AI Agent technology, and utilizes the two platforms of Du Xiao Bao and Bao Wang to provide comprehensive and professional AI solutions and intelligent robot services for insurance companies, insurance brokers, and consumers. Its services cover multiple key scenarios such as sales and marketing, underwriting assessment, claims processing, and customer service. The group is capable of analyzing consumer data, building consumer profiles, accurately predicting insurance needs, and providing highly customized services for consumers.

In the field of biopharmaceuticals, the group’s biopharmaceutical division mainly produces oxytetracycline API, crude heparin sodium, and licorice preparations, which are widely supplied to the global animal husbandry, pharmaceutical, and drug retail markets. The group deeply integrates AI-assisted decision-making into every link of production and manufacturing, achieving supply chain optimization, process efficiency improvement, and market trend prediction. This provides scientific decision-making basis for the management and offers high-quality products and precise services for consumers.

Forward-looking Statements

This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates”, “target”, “going forward”, “outlook” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

Academia and Industry Combine Insights in Cornell Convenes Discussion on Tokenization of Real-World Assets

ITHACA, N.Y., Feb. 28, 2025 /PRNewswire/ — Fintech at Cornell, an Initiative of the Cornell SC Johnson College of Business, hosted its third annual Cornell Convenes roundtable in March of 2024, bringing industry and academia to the table for a three-hour discussion of the tokenization of real-world assets. The product of this discussion is the just-released Cornell Convenes: Tokenization of Real-World Assets Report, a cross-industry whitepaper reflecting nuanced opinions from the different participants’ perspectives.

“In the past two years, the conversation around digital assets has heated up worldwide and expanded from cryptocurrencies and digital assets, to now the tokenization of real-world assets,” said Susan Joseph, Executive Director of Fintech at Cornell. “While the sector is largely in its infancy, institutional interest is growing, and academia is paving the way for research with various studies on tokenizing real-world assets.” Joseph went on to assert that industry and academia are united in the idea that tokenization may improve access to traditional assets, broaden access to previously illiquid assets, and create a 24/7 liquid market of these assets.

With this as the backdrop, Cornell Convenes: Tokenization of Real-World Assets, the third forum of its kind, hosted a conversation with around 30 professionals in the digital asset arena to promote cohesion among industry experts and academics. Chatham House Rule was observed to encourage open dialogue.

The Report serves as an informative summary of how each of the aforementioned parties can work together to take a positive step forward. The paper extracts and highlights opinions from these professionals on the tokenization of real-world assets, DeFi in the context of real-world assets and smart contracts, and disclosure, regulation, and tax.

Regulation was hotly debated. Strong opinions and educated suggestions emerged across the range of topics.”This roundtable was an exciting and frank conversation among industry participants and academia experts, which was exactly what we had hoped for,” reported Joseph. “But we should go further than a discussion, and encourage hands-on learning for industry, academia, and regulators so that regulators can create useful guardrails for these technologies and new products.”

The group concluded that continued discussion is essential so that industry can help regulators navigate the changing landscape and scholars can deepen their understanding of how to proceed. “An open, thoughtful conversation like this where people from varying backgrounds talk to rather than at each other is invaluable and necessary,” concluded Joseph.

Read the Cornell Convenes: Tokenization of Real-World Assets Report here.

Read “Toward a New Bretton Woods,” Cornell Convenes Report on Stablecoins and CBDCs here.

Read the Cornell Convenes Report on Digital Assets here.

Learn more at the Fintech at Cornell website.

Follow Fintech at Cornell on LinkedIn

Media Contact:
Sarah Magnus-Sharpe
sm2374@cornell.edu