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Tencent Cloud Launches Data Accelerator GooseFS 2.0, Offering Comprehensive Support for All AI Business Scenarios

SHENZHEN, China, May 27, 2025 /PRNewswire/ — AI applications incur significant computing demands, requiring cloud infrastructure and storage to be elastic and scalable. To help enterprises cope with increased workload capacities, Tencent Cloud recently upgraded its GooseFS 2.0 product to support better optimization for various AI scenarios. The upgrades will see greater enhancements for computing, metadata and server-side accelerations, enabling enterprises to gain higher performance and accessibility from their data lakes.

Under the new architecture, GooseFS 2.0 maximizes hardware performance through short-circuit reads and metadata memory acceleration, easily achieving single-link speeds at the GBps level, approaching the limits of hardware resources. It addresses the challenge of hotspot distribution through secondary caching, balancing cache space usage with high QPS/bandwidth capabilities, thereby improving the efficiency of large model distribution.

GooseFS 2.0 also leverages on hierarchical metadata management technology to enable horizontal scaling of file clusters, and achieves millions-level metadata IOPS. Optimizations such as cross-node hard links enable disaster recovery capabilities at the second level, even with metadata scales in the tens of billions.

World’s First Post-Quantum Cybersecurity ASICs: Slovak Pioneer Revolutionizes Defense Tech at DSEI Japan 2025

TOKYO, JAPAN – EQS Newswire – 27 May 2025 – Decent Cybersecurity, the only Slovak company with its own stand at DSEI Japan 2025, has successfully positioned itself for expansion into the Japanese and broader Asian markets with its cutting-edge post-quantum cryptography solutions.

At the prestigious defense exhibition held in Chiba from May 21-23, the company showcased three of its flagship post-quantum cryptography technologies: SpaceShield STM, DroneCrypt UTM, and the QuantumProof Protocol—all designed to address the growing threat quantum computing poses to traditional encryption systems.

“The response has exceeded our expectations,” said Matej Michalko, CEO of Decent Cybersecurity. “Decision-makers from Japan’s defense, aerospace, and government sectors have shown genuine interest in our quantum-resistant solutions, recognizing the urgent need to prepare critical infrastructure for the post-quantum era.”

In a significant development, Decent Cybersecurity, with the support of the Slovak government, is exploring the opportunity to manufacture the world’s first 2nm post-quantum ASIC microchips in Japan, potentially cooperating with Rapidus Corporation. This collaboration would represent a revolutionary advancement in quantum-resistant hardware security, combining Decent Cybersecurity’s post-quantum cryptographic expertise with Rapidus’s cutting-edge 2nm semiconductor manufacturing capabilities to create the world’s first 2nm post-quantum cryptography ASICs (Application-Specific Integrated Circuits).

The potential partnership aligns perfectly with Rapidus’s mission to establish Japan as a leader in next-generation semiconductor manufacturing. With the Japanese government having allocated 802.5 billion yen (US$5.4 billion) in subsidies for Rapidus in fiscal year 2025, and the company’s pilot line testing having begun on April 1, the timing for such a collaboration appears optimal.

The company’s stand (H7-158) attracted significant attention, including a visit from the Slovak ambassador to Japan, H.E. Ivan Surkoš, demonstrating official support for the company’s strategic expansion into East Asia: “The participation of Decent Cybersecurity company at the DSEI in Japan is a testament to Slovakia’s dynamic innovation ecosystem and our commitment to excellence in digital security. As a leader in post-quantum cryptographic solutions, Decent Cybersecurity showcases the ingenuity and advanced capabilities of Slovak enterprises, reinforcing our nation’s position at the forefront of technological progress. We are proud to support their efforts in shaping the future of cybersecurity and fostering international collaboration in this critical field.”

This successful showing comes at a critical time, as Japanese Prime Minister Shigeru Ishiba emphasized in his keynote speech the importance of international technology cooperation for regional security. “No country can defend itself alone,” Ishiba stated, highlighting the need for collaborative approaches to emerging threats—precisely the space where Decent Cybersecurity operates.

With NATO, EU, and national security clearances at the “Secret” level, Decent Cybersecurity brings both innovation and trustworthiness to the table. The company’s participation aligns perfectly with Japan’s increasing focus on cybersecurity as part of its defense strategy, particularly as quantum computing advances threaten to render current encryption methods obsolete.

“Our vision extends beyond mere transactions—we’re committed to establishing ourselves as a trusted security partner deeply integrated within East Asia’s defense ecosystem,” Michalko emphasized. “We’re currently evaluating options for a permanent Japanese office that would enhance our ability to deliver tailored solutions and responsive support to clients throughout the region.”

As the only Slovak participant among 290+ exhibitors at an event hosting more than 8,000 attendees and 500 VIPs from 78 countries, Decent Cybersecurity has successfully planted its flag in the Indo-Pacific cybersecurity market, marking a significant milestone in its global expansion strategy.

Hashtag: #DecentCybersecurity

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

About DSEI Japan

is the only large-scale, fully integrated defense event in Japan, sponsored by the DSEI Japan Executive Committee. With over 8,000 attendees from 78 countries, 500+ VIPs, and 290+ exhibiting companies, it serves as the premier platform for connecting global defense and security sectors with Japanese and Asian defense communities.

About Decent Cybersecurity

is a Slovak company specializing in post-quantum cryptography and blockchain security solutions. Founded in 2015 by Matej Michalko, it holds “Secret” level security clearances from NATO, the EU, and national authorities. The company operates internationally with offices across five European countries and is registered with both the European Space Agency and European Commission. Decent Cybersecurity is a founding member of the .

About Embassy of the Slovak Republic in Tokyo

The Embassy of the Slovak Republic in Tokyo, being an integral part of the , represents Slovak diplomatic interests in Japan and promotes bilateral relations between the two countries. It provides consular services to Slovak citizens and supports Slovak businesses seeking to enter the Japanese market. The Embassy actively facilitates economic diplomacy, particularly in innovative sectors including cybersecurity, helping Slovak companies establish valuable connections with Japanese stakeholders.

Solid Innovation for Green Tomorrow! XCMG Excavator Hosts 7th International Customer Festival in Xuzhou

XUZHOU, China, May 27, 2025 /PRNewswire/ — The 7th XCMG International Customer Festival was held in Xuzhou, China, at XCMG’s state-of-the-art intelligent excavator manufacturing hub. The event highlighted next-generation smart, application-specific, and eco-conscious solutions through product showcases, hands-on demonstrations, and collaborative technical exchanges. Industry partners and customers from across the globe gathered to explore the latest innovations driving sustainable construction practices. 

XCMG Excavator Hosts 7th International Customer Festival in Xuzhou
XCMG Excavator Hosts 7th International Customer Festival in Xuzhou

From Achievements to Co-Creation: XCMG Debuts Full Line of Low-Emission Excavators

At the event, XCMG Excavator introduced 10 next-generation models powered by battery electric, and hybrid. Ranging from 1.5 to 70 tons, this comprehensive lineup underscores the company’s ongoing commitment to green transformation and robust sustainable product portfolio, in support of China’s Dual-Carbon goals.

In the live demonstration zone, customers test-drove the XE215EV electric excavator and praised its seamless maneuverability, responsive powertrain, and quiet operation — capabilities that align with today’s demands for productivity and operator comfort on job sites. 

Of note, customers from Northern Europe participated in technical discussions with XCMG’s R&D team to refine machine functionalities and explore technological improvements. The collaboration is aimed at developing tailored solutions that address evolving market requirements worldwide. 

From Products to Jobsite Solutions: XCMG Excavator Creates Real-World Operator Experiences

“I’ve operated the XE135F in Indonesia’s rainforests—it’s incredibly intuitive and adaptable,” an Indonesian customer remarked at the forestry equipment exhibit, drawing enthusiastic nods from other attendees. The event featured scenario-based zones showcasing static displays of forestry machinery, material handling solutions, and multi-attachment applications, alongside live demonstrations of earthmoving and steep-slope operations. The simulations gave customers a chance to evaluate the performance and durability of XCMG excavators in challenging field conditions. 

Interactive operator challenges, including “Excavator Basketball” and “Precision Hoop Drills”, energized attendees. A participant skillfully navigated the XE60G compact excavator to back-to-back victories in a precision control contest, drawing roars of approval. These innovative, hands-on activities deepened customer engagement, underscoring the machines’ exceptional performance and operational excellence. 

From Collaboration to Shared Success: XCMG Excavator Paves the Way for Global Partnership Growth

At the festival, one of XCMG’s Indonesian distributors reflected on their two-decade partnership, noting that since the first equipment delivery in 2005, the alliance has deployed over 8,000 units. He cited XCMG’s relentless innovation and custom-engineered solutions as key drivers for their continued collaboration.

XCMG Excavator also hosted dedicated dealer workshops focused on equipment applications, market insights, and strategies for aftersales support. Looking ahead, XCMG Excavator reaffirmed its commitment to global collaboration, building on its “Scenario + Product” approach to convert customer needs into shared value and sustainable growth.

For more information of XCMG Excavator, please visit https://www.xcmgglobal.com/solution/excavatots.htm.

PEPSICO® ANNOUNCES WORLDWIDE OFFICIAL PARTNERSHIP WITH FORMULA 1®

PepsiCo launches worldwide official partnership with Formula 1, bringing Sting Energy®, Gatorade®, and Doritos® to the World’s Fastest Growing Sport

PURCHASE, N.Y., May 27, 2025/PRNewswire/ — PepsiCo announces a groundbreaking worldwide partnership with Formula 1®, beginning in 2025 as part of a multi-year commitment. This partnership unites the world’s fastest growing sport with three of PepsiCo’s powerhouse brands: Sting Energy, Gatorade, and Doritos. Each brand will be brought to life with the partnership as the deal connects the high-energy excitement of Formula 1 with PepsiCo’s passion for creating unforgettable fan experiences around the world. With Formula 1’s cumulative global audience of 1.6 billion viewers and an active fan base of 826 million, this partnership establishes a powerful platform for PepsiCo to engage with consumers across the 21 countries on the racing calendar, and more than 200 territories through broadcast.

PEPSICO BRANDS UNITE FOR F1 PARTNERSHIP FEATURING STING ENERGY, GATORADE AND DORITOS
PEPSICO BRANDS UNITE FOR F1 PARTNERSHIP FEATURING STING ENERGY, GATORADE AND DORITOS

As an Official Partner of Formula 1, PepsiCo has secured comprehensive rights, including: TV-visible trackside advertising; Fan Zone activation opportunities at 21 races; tickets and hospitality experiences; exclusive marketing rights for featured brands; and exclusive track pouring and product supply rights, across global race venues. The deal also includes an official partnership with F1 Sprint, which has proven to be hugely popular among fans with TV viewership on Sprint weekends on average 10% greater than a non-Sprint weekend. As part of its long-standing commitment to empowering women in sport, PepsiCo will also extend its involvement to F1 Academy, with more details to be shared in the coming weeks.

PepsiCo will be creating memorable fan engagement programs that include meaningful food and drink experiences beyond just the race venues through exciting on-pack promotions, digital experiences, and unique content that will bring Formula 1 to an even wider audience. This partnership includes opportunities, such as immersive brand experiences in Formula 1 Fan Zones, and rights for limited edition, co-branded products.

Sting Energy: Official Energy Drink of Formula 1

Sting Energy is set to electrify F1 fans around the globe with a surge of energy to the partnership. Its distinctive proposition lies in delivering the taste and refreshment of a soft drink, combined with the functional boost of an energy drink, all at an accessible price point. This winning combination has strongly resonated with consumers who live to make the most of every moment.

As PepsiCo’s flagship energy brand, and one of the fastest-growing energy drinks globally, Sting Energy has experienced explosive growth over the past five years. It now ranks #1 or #2 in market share across key markets, where it has been launched, including India, Pakistan, Egypt, Morocco, Myanmar, Sri Lanka, and Vietnam. With Sting currently available in 34 markets, this partnership presents a significant opportunity for the continued global expansion of Sting and Formula 1.

In a sport like Formula 1, where fans obsess over every detail, Sting Energy is tapping into the most iconic element of the experience — the sound. Teaming up with world-renowned DJ Armin van Buuren, Sting Energy playfully unveiled its unexpected connection to Formula 1 through a fun fan discovery – the distinct sound of “Stinggg” has always existed within the roar of an F1 engine. What began as a playful studio experiment quickly ignited global buzz, sparking a wave of excitement among racing, music, and sports fans alike. The unexpected sonic crossover drove a viral conversation and set the stage for Sting’s bold, immersive fan experiences — powered by the disruptive energy of sound.

Gatorade: Official Sports Drink of Formula 1

Gatorade will serve as the Official Sports Drink of Formula 1, as well as an Official Partner of F1 Sprint. A format defined by pure racing action, Gatorade provides the perfect partner between the F1 Sprint series and a brand that is widely associated with high performance and athletic success.

This sponsorship includes at-event hydration, on site branding, such as track signage, broadcast graphics and interview backdrops throughout Sprint weekends. Gatorade’s Sprint sponsorship will begin later this year, giving fans an early taste of this partnership. 

Doritos: Official Savory Snack Partner for F1

As the Official Savory Snack Partner of Formula 1, Doritos – the boldest snack – joins forces with the boldest sport. This partnership will bring the unmistakable flavor of Doritos to F1 fans around the world, delivering exciting culinary experiences through Doritos Loaded at race locations and beyond. With global activation rights, Doritos is set to turn up the flavor on and off the track.

“This landmark partnership with Formula 1 represents a perfect fusion of two global powerhouses that share a passion for creating extraordinary fan experiences,” said Eugene Willemsen, Chief Executive Officer, International Beverages, PepsiCo. “Formula 1’s unmatched global platform and tremendous growth trajectory align perfectly with our ambitions to accelerate our brands – particularly Sting Energy – on the world stage. Together, we’ll deliver bold, innovative experiences that connect with drivers and fans at race venues and well beyond, while also supporting Formula 1’s continued expansion to new audiences worldwide in markets where PepsiCo and Sting have a strong presence.”

Stefano Domenicali, President & CEO of Formula 1, said:

“Today is a moment to celebrate the partnership between two iconic and historic global brands — a sparkling union that will bring together tradition and innovation, generating excitement, entertainment, and unforgettable experiences for our fans and customers around the world.

“PepsiCo will tap into the unique potential of Formula 1 as a global platform to connect with new audiences, and we will benefit from their energy, their extraordinary products, and their loyal community.

“With a long-standing history of creativity and an ability to celebrate the fun and special moments in life, PepsiCo is the ideal partner with whom to share unique moments along our journey.”

About PepsiCo  

PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated nearly $92 billion in net revenue in 2024, driven by a complementary beverage and convenient foods portfolio that includes Lay’s, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo’s product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.

Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.pepsico.com, and follow on X (Twitter), Instagram, Facebook, and LinkedIn @PepsiCo.

About Formula 1®

Formula 1® racing began in 1950 and is the world’s most prestigious motor racing competition, as well as the world’s most popular annual sporting series. Formula One World Championship Limited is part of Formula 1® and holds the exclusive commercial rights to the FIA Formula One World Championship™. Formula 1® is a subsidiary of Liberty Media Corporation attributed to the Formula One Group tracking stock. The F1 logo, F1 FORMULA 1 logo, FORMULA 1, F1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX, PADDOCK CLUB and related marks are trademarks of Formula One Licensing BV, a Formula 1 company. All rights reserved.

STING ENERGY LAUNCHES AS OFFICIAL ENERGY DRINK OF FORMULA 1®
STING ENERGY LAUNCHES AS OFFICIAL ENERGY DRINK OF FORMULA 1®

 

DORITOS ACCELERATES FORMULA 1® PARTNERSHIP AS OFFICIAL SNACKS PARTNER
DORITOS ACCELERATES FORMULA 1® PARTNERSHIP AS OFFICIAL SNACKS PARTNER

 

GATORADE FUELS PERFORMANCE AS OFFICIAL SPORTS DRINK OF FORMULA 1
GATORADE FUELS PERFORMANCE AS OFFICIAL SPORTS DRINK OF FORMULA 1

 

 

Central Asia Express (Tashkent–Fuzhou) Debuts with Xiamen ITG Group’s Uzbek Yarn Shipment

TASHKENT, Uzbekistan, May 27, 2025 /PRNewswire/ — On 23 May 2025 (GMT+5), 50 containers of Uzbek cotton yarn purchased by Xiamen ITG Group were loaded onto the inaugural Central Asia Express (Tashkent-Fuzhou) train and are scheduled to arrive in Fuzhou, Fujian Province within 12 days, officially marking the launch of the Tashkent-Fuzhou direct freight route.

The Central Asia Express (Tashkent-Fuzhou) has launched.
The Central Asia Express (Tashkent-Fuzhou) has launched.

Compared to traditional logistics channels, this new route reduces transit time by nearly 50%, significantly enhancing delivery efficiency. It enables Xiamen ITG Group to offer textile manufacturers more streamlined logistics solutions, lower operational costs, and improved service quality. This supply chain optimization will also broaden the distribution channels for Uzbekistan’s high quality cotton yarn.

The train was loaded with 50 containers of Uzbek cotton yarn, which will be supplied directly to textile enterprises in Fujian in future.
The train was loaded with 50 containers of Uzbek cotton yarn, which will be supplied directly to textile enterprises in Fujian in future.

As the largest importer of Uzbek yarn in China, Xiamen ITG Group has maintained strong partnerships with Uzbek cotton enterprises since 2016. Our services currently cover more than 80% of cotton enterprises in the Uzbek market. Recently, Xiamen ITG Group has signed several agreements with Samarkand MST Group, the Uzbekistan Textile Industry Association, and Mili Tex Group, etc. These collaborations aim to strengthen the “textile to garment” industry chain, leverage the Uzbekistan’s high-quality raw materials and industries, and support the upgrading and development of the textile industry in Uzbekistan.

Laos Economy Shows Signs of Recovery Amid Fiscal Pressures

Inflation Drops Slightly, Worries Still Cloud Laos
Woman at a local farmer's market. (Stock Photo)

Laos’ economy is showing signs of recovery amidst a debt repayment peak, persistent inflation, and structural challenges, the World Bank warns in its latest Lao Economic Monitor.

According to the report, titled Weathering Risks, the economy grew by 4.1 percent in 2024, driven by rising exports of services, electricity, mining, agriculture, and manufacturing. Tourism also rebounded, with foreign arrivals jumping 21 percent, thanks to improved regional connectivity.

However, growth is expected to slow to 3.5 percent in 2025 as the country enters a critical fiscal period. Public debt repayments are set to peak next year, placing heavy pressure on state finances and limiting room for essential spending on health, education, and infrastructure.

“The actions of the Bank of the Lao PDR and the government have helped decelerate inflation,” said Alex Kremer, World Bank Country Manager for Laos. “However, inflation remains high and further reforms would help promote economic stability.”

Inflation, though easing, is projected to remain in double digits through 2025. This prolonged price pressure continues to erode household purchasing power, depress consumption, and drive up business costs, posing risks to long-term economic stability.

The government has made some progress in stabilizing the economy. Monetary tightening, a more stable exchange rate, and better liquidity management, including the establishment of a Treasury Single Account, have contributed to slower inflation. Revenue collection has also improved, supported by the reinstatement of fuel excise rates and stronger tax administration.

Yet these gains are overshadowed by high levels of public debt. The World Bank warns that increased domestic borrowing to service this debt could “crowd out” credit for the private sector, especially for small and medium-sized enterprises (SMEs), the backbone of the Lao economy.

The Lao Economic Monitor also includes a special section on SMEs, revealing that many small businesses still struggle to access credit due to a lack of formal structure, collateral, and financial literacy, as well as a limited range of suitable financial products. 

The World Bank recommends expanding support for microfinance institutions and establishing an independent fund to provide targeted lending to small firms.

While the government has made some progress in restoring fiscal control, the convergence of structural challenges, high inflation, and unsustainable debt continues to threaten the country’s long-term development path.

“Debt repayments will peak in 2025, limiting the room for essential public spending,” the report notes.

Long-Term Debt Challenges Complicate Laos Economic Outlook

A deeper look into Laos’ financial struggles paints a slightly different picture. According to experts from the Lowy Institute, as reported by Nikkei Asia, Laos is in the grip of an acute debt crisis, one that has derailed its post-2000s growth trajectory and left the country with no clear exit strategy. 

Once considered a regional success story with GDP growth averaging over 7 percent annually before COVID-19, Laos is now burdened by public and publicly guaranteed debt exceeding 100 percent of GDP, the experts noted.

Years of inflation have gutted household savings, while underfunding of health and education has led to worsening child malnutrition and declining school enrollments. Meanwhile, thousands of working-age Laotians have migrated in search of better wages. 

The government’s limited stake in the USD 6 billion Laos-China Railway has attracted worldwide attention, but it’s unplanned domestic energy investments that account for the bulk of the fiscal strain, Nikkei reported 

Despite budget surpluses since 2023, these have come at a steep cost to social services. Without structured debt relief, analysts warn Laos could face a “lost decade” of stagnation, heightened dependency on China, and deepening socioeconomic vulnerability.


Sources: World Bank, Nikkei Asia

Dongying forges global ties at friendship cities conference

DONGYING, China, May 27, 2025 /PRNewswire/ — A news report from chinadaily.com.cn:

Dongying, located in East China’s Shandong province, hosted the 2025 Yellow River Estuary Friendly Cities Conference for Cooperation and Exchange from May 23 to 25. This event served as a prelude to the 2025 Shandong International Friendship Cities Cooperation and Exchange Week.

Organized by the Dongying Municipal People’s Government, the conference brought together 47 representatives from allied cities across five countries to explore new avenues for collaboration.

The conference featured eight promotional and thematic exchange sessions, resulting in the signing of two letters of intent and eight cooperation agreements across sectors such as education, trade, and agricultural technology.

The event served as a dynamic platform for advancing international cooperation across multiple sectors.

Key activities included an international city promotion conference and a series of thematic exchange events between Dongying and its counterparts from Uzbekistan, the Republic of South Korea, and Kenya. These sessions fostered deeper collaboration in areas such as trade, culture, tourism, education, and agriculture.

Additional initiatives, including a familiarization visit by South Korean educational travel organizers and a special feature highlighting Dongying through the lens of its international partners, further enhanced the city’s global visibility and appeal to inbound tourists.

Significant progress was also made in educational and cultural cooperation.

The Dongying Municipal Bureau of Culture and Tourism signed a study tour cooperation agreement with the National Council of Youth Organizations in Korea, establishing a mechanism for regular youth exchanges. Dongying Vocational Institute launched trilateral partnerships with universities and enterprises in Uzbekistan, focusing on joint program development and talent cultivation. In addition, the Dongying International Industrial College was officially inaugurated to integrate global educational and industrial resources, providing a new platform for international academic collaboration and the development of globally competitive professionals.

Advancements in industrial and technological cooperation were another highlight.

The Dongying Chamber of Commerce under the China Chamber of International Commerce established a long-term cooperation mechanism with Uzbekistan’s Ministry of Investment, Industry, and Trade. The Yellow River Delta Institute of Intelligent Agricultural Equipment signed agreements with government, academic, and corporate partners in Kenya and Uzbekistan to jointly develop platforms, enhance talent exchange, and promote the overseas application of smart agricultural technologies.

As part of the Shandong International Friendship Cities Cooperation and Exchange Week, the conference highlighted Dongying’s commitment to openness, mutual benefit, and high-quality development.

Flipster Reveals Middle East Expansion Plans and Appoints Regional Leadership to Bolster Crypto Trading

PANAMA CITY, May 27, 2025 /PRNewswire/ — Flipster, a global cryptocurrency trading platform, announced its expansion into the Middle East region with the appointment of a regional head to drive innovation in this high-potential market.

Benjamin Grolimund, General Manager of the UAE at Flipster
Benjamin Grolimund, General Manager of the UAE at Flipster

The expansion is set against a regional backdrop ripe with growth opportunities. The Middle East region emerged as a global hub for cryptocurrency adoption with the United Arab Emirates (UAE) witnessing 42% year-on-year growth in crypto transactions last year alone. Supported by progressive regulations, a thriving fintech ecosystem, and a skilled talent pool, the region continues to solidify its position as a financial powerhouse, offering global players access to strategic business networks and capital.

Benjamin Grolimund  joins Flipster from Rain, the first fully regulated Virtual Assets Brokerage and Custodian in the Middle East, bringing nearly two decades of experience scaling business operations and driving compliant digital assets innovation in the region. Prior to this, Ben was the founder and CEO of Finally Technologies, and the Regional Head of MEA at Bloomberg.

Appointed as General Manager of the UAE, Benjamin will oversee the firm’s business and operational strategies in the region. His appointment comes at a pivotal growth phase for Flipster, reinforcing its commitment to providing traders of all experience levels with seamless, global access to crypto trading.

Expanding into the Middle East marks a natural progression in Flipster’s global strategy, driven by the region’s strong demand for digital assets and a highly engaged, informed investor base. This move builds on the platform’s strong performance in 2024, which included an 856% increase in trading volume across existing markets. With Benjamin’s leadership, Flipster is well-positioned to support the region’s growing digital asset ecosystem and confidently execute its vision for strategic expansion in this high-growth market.

“Joining Flipster at this pivotal moment is an exciting opportunity to contribute to a bold vision for the future of digital asset trading,” said Benjamin Grolimund, General Manager of the UAE at Flipster. “The Middle East’s progressive regulatory environment and commitment to financial innovation provide an ideal foundation for responsible growth. My focus will be on establishing a strong, compliant, and operationally sound presence in the region—ensuring we build with integrity, safety, and long-term scalability. I’m proud to be part of a team that is setting new standards in the industry and driving the next phase of global expansion.”

Flipster’s expansion into the Middle East signals its commitment to work with regulators, industry partners, and the broader community. This move aims to shape the future of digital assets while ensuring traders worldwide stay ahead in a rapidly evolving market, all while maintaining the highest standards of compliance in the region.

About Flipster

Flipster is a global cryptocurrency trading platform that delivers fast, secure, and intuitive access to digital assets. With over 350 trading pairs across spot and perpetual futures markets, Flipster combines zero trading fees, tight spreads, and up to 100x leverage to give users a powerful edge in any market condition.

Users can trade and earn simultaneously—with USDT used for trading continuing to earn APR rewards—maximizing capital efficiency without sacrificing execution.

Designed with a focus on security and a user-first experience, Flipster delivers the speed, transparency, and reliability traders need to move with confidence.

Over the past year, Flipster’s trading volume grew 856%, and total user assets increased by more than 6,000%, solidifying its position as a leading derivatives trading platform.

Learn more at flipster.io or follow X.

Press Contact:

pr@flipster.io