Total revenues grew 46% year-over-year to $131.5 million, fueled by robust growth in user engagement and trading activity

Customer assets increased 64% year-over-year, reaching an all-time high, driven by market recovery and strong net deposits

Three straight quarters of operating profitability reflecting disciplined expense management and strong top-line growth

ST. PETERSBURG, Fla., Aug. 29, 2025 /PRNewswire/ — Webull Corporation (NASDAQ: BULL) ( “Webull” or the “Company”) today announced financial results for the second quarter of 2025 ended June 30, 2025.

“We delivered strong business results in our first quarter as a public company, with three consecutive quarters of operating profitability and customer assets at an all-time high, underpinned by substantial growth in trading volumes and net deposits,” said Anthony Denier, Group President and U.S. CEO of Webull. “The environment for retail self-directed trading was the best we’ve seen since the COVID-19 pandemic, and with the market now in a new era driven by a more discernable regulatory environment, Webull is more focused than ever on delivering new products to our sophisticated retail trading cohort, as demonstrated by our recent re-launching of crypto and our ongoing global expansion.”

“We maintained last quarter’s positive momentum with accelerating revenue growth well ahead of expense growth, driving another quarter of solid operating profits,” said H.C. Wang, Chief Financial Officer of Webull. “We are a prime beneficiary of growing demand among self-directed traders for a sophisticated all-in-one trading platform like Webull. This gives us the confidence to continue investing in growth and make more products available to more investors across global markets.”

Second Quarter Results and Highlights

Financial Results

• Total revenues increased 46% year-over-year to $131.5 million.
• Trading-related revenue increased 63% year-over-year.
• Total operating expenses increased 37% year-over-year, primarily due to an increase of $18.5 million in share-based compensation expenses.
• Adjusted operating expenses increased 20% year-over-year to $108.2 million.
• Loss before income taxes totaled $21.4 million for the quarter, representing a year-over-year increase of $11.1 million. The increase was primarily due to expensing $11.0 million of equity offering costs.
• Adjusted operating profit totaled $23.3 million for the quarter, representing a year-over-year improvement of $23.6 million and an increase of 18% year-over-year.
• Adjusted operating profit per share was $0.05 for the quarter and $0.18 for the six months ended June 30, 2025, representing an increase of $0.05 and $0.17 from the same prior year comparative periods.
• Net loss attributable to the Company increased $16.7 million year-over-year to $28.3 million.
• Adjusted net income increased $16.9 million from a net loss of $1.5 million to net income of $15.4 million.
• Net loss per ordinary share was $1.20 for the quarter as compared to $0.16 for the prior year comparative quarter.  Our net loss per ordinary share for the quarter was predominately due to accounting for the fair value of ordinary shares and warrants issued to certain preferred shareholders as a dividend, which lowers net income attributable to ordinary shareholders.  The securities issued were in connection with the closing of the business combination with SK Growth Opportunities Corporation.  Upon the closing of the business combination transaction, our preferred stock converted into ordinary shares, and we no longer have any preferred stock outstanding.

Operating Results

• Customer assets totaled $15.9 billion, an all-time high, representing 64% year-over-year growth, driven by market recovery and strong net deposits, which grew 37% year-over-year.
• Funded accounts increased to 4.73 million, representing 9% year-over-year growth.
• Registered users increased 18% year-over-year to 24.9 million users.
• Options contracts volume grew to $127 million, an 8% year-over-year increase and an increase of $6 million from the previous quarter.
• Equity notional volume grew to $161 billion, a 58% year-over-year increase and an increase of $33 billion from the previous quarter.

Company Highlights

• In the second quarter, we raised proceeds of over $200 million from  the exercise and redemption of all outstanding BULLZ incentive warrants issued in connection with the closing of our business combination with SK Growth Opportunities Corporation.
• In May, we launched the Latin America Webull App, consolidating the customer experience from our platforms in Brazil and Mexico and allowing us to seamlessly expand further in the region.
• In June, we took the first steps in re-entering the crypto market by launching crypto trading in Brazil, delivering access to one of the top performing asset classes while reflecting broader market demand for digital asset trading solutions.
• In June, we also expanded our partnership with Kalshi, the first CFTC-regulated exchange with prediction markets, to add cryptocurrency hourly contract trading and Fed events trading to our prediction markets offering, providing our users increased access to one of the fastest growing asset classes in the U.S.
• In June, we appointed Walter Bishop as an independent director to our board of directors. Mr. Bishop serves on our Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee. His appointment reflects our ongoing commitment to enhancing the independence and expertise of our board of directors.
• Subsequent to the close of the second quarter, we announced in July the return of cryptocurrency trading to the Webull App for U.S. customers and the consolidation of Webull Pay back into the Webull Group. Users in the U.S., Brazil, and Australia are now able to trade cryptocurrencies, together with equities, options, futures, and prediction markets, all seamlessly through the Webull App, and we are actively exploring digital asset licenses in several other markets.
• Subsequent to the close of the second quarter, we also announced in July our entry into a standby equity purchase agreement allowing us to access $1 billion of capital at our discretion through sales of our Class A ordinary shares. As of August 28, 2025, we have raised proceeds of $142.8 million under this agreement.

Conference Call Information

Webull will host a conference call to discuss its results at 5:00 p.m. E.T. today, August 28, 2025. The conference call can be accessed at https://event.choruscall.com/mediaframe/webcast.html?webcastid=Trkt3u8c or participants may dial 1-866-652-5200 (U.S.) or 1-412-317-6060 (international).

Following the call, a replay and transcript will be available on the Company’s website at www.webullcorp.com/investor-relations, as well as the earnings press release and accompanying slide presentation.

About Webull Corporation 

Webull Corporation (NASDAQ: BULL) owns and operates Webull, a leading digital investment platform built on next-generation global infrastructure. Through its global network of licensed brokerages, Webull offers investment services in 14 markets across North America, Asia Pacific, Europe, and Latin America. Webull serves more than 24 million registered users globally, providing retail investors with 24/7 access to global financial markets. Users can put investment strategies to work by trading global stocks, ETFs, options, futures, fractional shares, and digital assets through Webull’s trading platform, which seamlessly integrates market data and information, its user community, and investor education resources. Learn more at www.webullcorp.com. You may also access certain information on Webull and its securities on the website of the SEC at http://www.sec.gov, where Webull will, among others, be filing reports, such as Reports on Form 6-K and its Annual Report on Form 20-F.

Contacts

For Investors
ir@webullcorp.com 

For Media
5W Public Relations
Nicholas Koulermos
Webull@5wpr.com
(212) 999-5585

Use of Non-GAAP Financial Measures

We use adjusted operating profit, adjusted operating profit per share, adjusted net income, and adjusted operating expenses, all of which are non-GAAP financial measures, to evaluate our operating results and for financial and operational decision-making purposes. Adjusted operating profit represents income from continuing operations, before income taxes, excluding share-based compensation expenses, one-time transactions, and other expense (income), net. Adjusted operating profit per share represents adjusted operating profit divided by our weighted average shares outstanding on a basic and diluted basis. Adjusted net income represents net income attributable to the Company, excluding share-based compensation expenses, foreign currency transaction gains and losses, and one-time transactions. Adjusted operating expenses represent total operating expenses, excluding share-based compensation expenses.

We believe that adjusted operating profit, adjusted operating profit per share, adjusted net income, and adjusted operating expenses help identify underlying trends in our business that could otherwise be distorted by the effect of certain expenses that we include in income before income taxes, net income, and total operating expenses. We believe that adjusted operating profit, adjusted net income, and adjusted operating expenses provide useful information about our operating results, enhances the overall understanding of our past performance and future prospects and allows for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.

Adjusted operating profit, adjusted operating profit per share, adjusted net income, and adjusted operating expenses should not be considered in isolation or construed as an alternative to income before income taxes, net income attributable to the Company, and total operating expenses or any other measure of performance or as an indicator of our operating performance. Investors are encouraged to compare the historical non-GAAP financial measures to the most directly comparable GAAP measures. Adjusted operating profit, adjusted operating profit per share, adjusted net income, and adjusted operating expenses presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to our data. We encourage investors and others to review our financial information in its entirety and not rely on a single financial measure.

For more information on these non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations of Non-GAAP and GAAP Financial Measures” set forth at the end of this press release.

Definitions

“Customer assets” refer to the sum of the fair value of all equities, ETFs, options, warrants, futures, and cash held by customers in their Webull brokerage accounts, net of customer margin balances, as of the record date. While customer assets are significantly impacted by mark-to-market valuations of customers’ investments, we consider customer assets an important metric as growth in customer assets generally leads to an increase in trading volumes and revenue.

“Funded accounts” refer to Webull brokerage accounts into which the customer has made an initial deposit or money transfer, of any amount, whose account balance (which is measured as the fair value of assets in the customer’s account less the amount due from the customer) has not dropped to or below zero for 45 consecutive calendar days as of the record date. Funded accounts reflect unique customers, and multiple funded accounts by a single customer are counted as one funded account. Growth in our funded accounts provides insight as to the effectiveness of our marketing efforts and our ability to acquire monetizable customers. Funded accounts are positively correlated with, but are not determinative, of customer assets, trading volumes, and revenue.

“Options contracts volume” refers to the total number of options contracts bought or sold over a specified period of time. Options contracts volume directly drives our options trading revenue, as we earn payment for order flow or commissions for customers’ options trades on a per contract basis. However, options contracts volume is highly sensitive to market conditions in the short-term, which makes predicting our options trading revenue with precision difficult.

“Registered users” refer to those users who have registered on our platform but not necessarily have opened a brokerage account with one of our licensed broker-dealers. Growth in our registered users provides insight as to the popularity of the Webull App. While we do not generate revenue from registered users who do not have brokerage accounts with us, registering an account on the Webull App is the first step toward opening and funding a brokerage account with us.

Contra Revenue Impact 

Most of our platform users are not considered customers under ASC 606, Revenues from Contracts with Customers (“ASC 606”), and promotional payments made to these platform users are accounted for as a marketing and branding expense. Conversely, for our platform users who have been determined to be customers under ASC 606, we account for these promotional payments as a reduction in revenue (i.e., “contra revenue”). The following presents how contra revenue impacted our revenues.

Statement regarding unaudited financial and operational information

The unaudited financial and operational information included in this press release is subject to potential adjustments and is based on the information available to management at this time. Potential adjustments to operational and consolidated financial information may be identified from work performed during Webull’s preparation of financial statements subsequently hereto or its year-end audit. Information may also be presented differently from the information included herein in the future. This could result in significant differences from the unaudited or other historical operational and financial information included herein.

Cautionary Note Regarding Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this press release or other statements of the Company, including, for instance, statements as to business strategy and plans, future results of operations and financial position, planned products and services, objectives of management for future operations or strategies of the Company, market size and growth opportunities, competitive position and technological and market trends are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “anticipate,” “expect,” “suggests,” “plan,” “believe,” “predict,” “potential,” “seek,” “future,” “propose,” “continue,” “intend,” “estimates,” “targets,” “projects,” “should,” “could,” “would,” “may,” “will,” “forecast” or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology.

All forward-looking statements are based upon current estimates and forecasts and reflect the reasonable views, assumptions, expectations, and opinions of the Company and its management as of the date of this press release, and are therefore subject to a number of factors, risks and uncertainties, some of which are not currently known to the Company and its management and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to: (1) the ability of the Company to grow and manage growth profitably, maintain relationships and deepen engagement with users, customers and suppliers, and retain its management and key employees; (2) the reliance of key functions of the Company’s business on third-parties and the risk that the Company’s platform and systems rely on software and applications that are highly technical and may contain undetected errors that could result in unexpected network interruptions, failures, security breaches, or computer virus attacks; (3) the risks associated with the Company’s global operations and continued global expansion, including, but not limited to, the risks related to complex or constantly evolving political or regulatory environments that may result in substantial costs or require adverse changes to the Company’s business practices; (4) the Company’s estimates of expenses and costs, of profitability or of other operational and financial metrics as well as the Company’s expectations regarding demand for and market acceptance of its products and service; (5) the Company’s reliance on trading related income, including payment for order flow (“PFOF”), and the risk of new regulation or bans on PFOF and similar practices; (6) the Company’s exposure to fluctuations in interest rates, rapidly changing interest rate environments, volatile prices of securities and digital assets and their respective trading volumes; (7) the Company’s reliance on a limited number of market makers and liquidity providers to generate a large portion of its revenues, and the negative impact of the loss of any of those market makers or liquidity providers; (8) the effects of competition in the Company’s industry and the Company’s need to constantly innovate and invest in new markets, products, technologies or services to retain, attract and deepen engagement with users; (9) changes in international trade policies and trade disputes that could result in tariffs, taxes or other protectionist measures adversely affecting our business; (10) risks related to general political, economic and business conditions globally and in jurisdictions where the Company operates; (11) risk of further actions taken by various government bodies in the United States that have made the Company the subject of inquiries and investigations relating to concerns about our connections to China; (12) the risk that the failure to protect customer data and privacy or to prevent security breaches relating to the Company’s platform could result in economic loss, damage to its reputation, deter customers from using its products and services, and expose it to legal penalties and liability; (13) risks related to the Company’s need as a regulated financial services company to develop and maintain effective compliance and risk management infrastructures as well as to maintain capital levels required by regulators and self-regulatory organizations; (14) the ability to meet, or continue to meet, stock exchange listing standards; (15) the possibility of adverse developments in pending or new litigation and regulatory investigations; (16) risks related to significant disruptions in the cryptocurrency market that negatively impacts user engagement with cryptocurrency trading on our platform; (17) political, regulatory or economic changes that affect cryptocurrencies, including changes in the governance of a cryptocurrency; (18) risks related to the offer and resale of our securities, such as dilution from the issuance of additional Class A ordinary shares upon the exercise of warrants, and increased volatility, or significant declines, in the price of our securities based on increased trading activity and the perception that sales of our securities may occur; and (19) other risks and uncertainties that are more fully described in filings made, or to be made, by the Company with the SEC, including in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s filings with the SEC. The foregoing list of factors is not exhaustive. Reported results should not be considered an indication of future performance. There may be additional risks that the Company and its management presently do not know about or that the Company and its management currently believe are immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. In light of these factors, risks and uncertainties, the forward-looking events and circumstances discussed in this press release may not occur, and any estimates, assumptions, expectations, forecasts, views or opinions set forth in this press release should be regarded as preliminary and for illustrative purposes only and accordingly, undue reliance should not be placed upon the forward-looking statements. The Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

COLOGNE, Germany, Aug. 29, 2025 /PRNewswire/ — Huawei successfully hosted the “Future of Gaming Salon – Germany Edition,” a strategic initiative to connect the dynamic gaming ecosystems of China and Europe. Organized by Huawei Game Center, the salon convened prominent Chinese game developers, esteemed European gaming analysts, influential Key Opinion Leaders, and Huawei’s global gaming leadership team. The event provided a vital platform to equip Chinese gaming developers with the tailored insights, innovative resources, and strategic partnerships to drive sustainable growth in the competitive European market.

Shan Xuefeng, Management Director of Consumer Cloud Service Europe Ecosystem Development & Sales, HUAWEI Consumer BG

Pathways to Success in Europe

The event dove deep into the art of localization and embracing a relaxed vibe that resonates with European players. Keynotes and panel discussions delved into critical topics such as integrated traffic strategies, deep joint operations, opportunities in mini-games, and a full-chain compliance framework to support game publishing. Huawei’s European Device Business President, Rong Tao, kicked off the event, highlighting the meteoric rise of Chinese games in recent years, which now account for 30% of Europe’s top 100 mobile titles, while challenges like diverse languages, cultural nuances, and strict GDPR regulations demand precision. To empower developers in overcoming these challenges, Huawei has built a sophisticated and deeply localized support infrastructure. This includes the Aspiegel subsidiary in Ireland, dedicated to supporting game services and addressing European compliance requirements, a localization operational center in Madrid covering 90% of the region’s major languages, and a comprehensive compliance hub in Dublin staffed by over 100 experts providing end-to-end support in cybersecurity, privacy protection, and regulatory adherence. Through enhanced localization services spanning channel expansion, content adaptation, and compliance assurance, Huawei is committed to helping gaming partners seize new opportunities and achieve sustainable growth in Europe’s dynamic market.

Salon Highlights: A Convergence of Visionaries

The event convened a distinguished lineup of industry leaders and creative pioneers, uniting prominent Chinese game developers like Tencent, eFun, NetEase Games, NEOCRAFT, and Nuverse. The Director of European Cloud Service Ecosystem Development and Sales

Shan Xuefeng, delivered a keynote on Embracing Europe’s Gaming Growth Opportunities, spotlighting the region’s mature yet highly competitive market where strategy and RPG games thrive. Huawei’s localization capabilities were prominently featured, highlighting high-conversion channels on HUAWEI AppGallery, partnerships with more than 500 influential KOLs, and an active 50,000+ member player community that strengthens long-term engagement. Beyond digital efforts, Huawei enhanced brand visibility through immersive activations at its flagship stores and dynamic esports events.

Partner Insights: Navigating Regional Preferences and Building Evergreen Success

Partner sharing sessions also illuminated key strategies for adapting to regional tastes and achieving sustained success in the European market. NEOCRAFT, a key partner for Chinese game companies venturing overseas, provided valuable insights into the preferences of European players, noting that European audiences tend to value individuality and prefer PVE-oriented experiences, contrasting with the high-density content acceptable among Chinese audiences. Other leading European gaming companies such as King, Gameloft and Nexters also took the spotlight, emphasizing the importance of personalized gameplay, strengthening community interconnections, and exploring diverse direct-to-consumer outreach channels.

Why Europe Chooses Huawei for Gaming Growth

Europe’s gaming industry is a vibrant hub of innovation, with a diverse player base and a growing demand for high-quality mobile games. Leveraging extensive global presence, Huawei Game Center operates in over 170 countries and regions, delivering exceptional gaming experiences to more than 260 million players worldwide. Among the top 30 Chinese gaming companies expanding overseas, 28 have joined the Huawei Mobile Services overseas gaming ecosystem, collaborating to unlock new opportunities and shape the future of the global gaming market. From Madrid’s localization hub to Dublin’s compliance expertise, Huawei’s years of presence in Europe—bolstered by its leadership in wearables, tablets, and flagship devices—creates a dynamic ecosystem where developers thrive.

HONG KONG, Aug. 28, 2025 /PRNewswire/ — The Hong Kong Jockey Club in partnership with international brand XIX Entertainment announced the first new member of global pop group Now United from Hong Kong, China in a media unveiling at Tai Kwun today (28 August). The new member, Ariel Tsang, delivered her debut performance with the group, showcasing the talent of Hong Kong’s younger generation. It marks the culmination of a months-long search to find a new member of Now United that consisted of auditions, Hollywood-level training and intensive bootcamps.

It was back in May this year that the Club announced a strategic partnership with XIX Entertainment. Their first major initiative was to bring Now United to Hong Kong for a talent search, providing a once-in-a-lifetime opportunity for young local talent to perform on a global stage.

Tsang becomes Now United’s first-ever member from Hong Kong, China. Born in the city, she brings extensive stage experience as a home-grown singer, rapper and dancer and has garnered attention for her musical talent and youthful energy. Her proficiency in Cantonese, English and Putonghua enables her to collaborate with group members and communicate with audiences from around the world, showcasing her abilities and creativity. She provides a bridge that connects Hong Kong’s new generation of talent to the world stage.

Dennis Hau, Executive Director, Customer Strategy, Insights and Innovation of The Hong Kong Jockey Club, highlighted the Club’s aspiration to become a global sports entertainment brand, beginning with its partnership with XIX. “This collaboration will deliver attractive world-class racing and entertainment experiences for local residents and tourists, encouraging them to experience the magic when horse sports meet top-class entertainment,” he said. “The Club has long been committed to youth and talent development, and this once-in-a-lifetime opportunity provides young local talent with world-class training. We look forward to Now United’s new Hong Kong, China member helping to promote tourism in Hong Kong and take local horse racing events to the world.”

Asian superstar Aaron Kwok attended the media unveiling in his capacity as “HKJC’s Rising Stars Ambassador” to nurture promising local talent and encourage young people to follow their dreams. He is a well-known proponent of encouraging performers and artists to shine on the stage, in keeping with the Club’s commitment to youth and talent development.

Being a horse owner with a love of horses, Kwok praised the Club for its contributions to the betterment of society over the years. He noted it has made Hong Kong synonymous with world-class racing while also supporting countless charitable and community projects locally and internationally. He praised the Club’s commitment to youth and talent development, and expressed the hope that this once-in-a-lifetime Now United initiative would inspire Hong Kong youths to show their passion and talent to the world.

Internationally renowned entertainment producer, sports promoter and XIX founder Simon Fuller praised the Club’s innovative vision of combining world-class sports and entertainment, noting Now United complements the dynamic energy of Hong Kong perfectly. He hoped the group’s new Hong Kong member would showcase their optimism and resilience to shine on the world stage.

The collaboration between the Club and XIX also features Masterclass workshops from industry-leading professionals at XIX Entertainment’s Academy of Pop, with tutors including world-class dancer and choreographer Nicky Andersen and renowned vocal coach Berkley The Artist.

During their stay in Hong Kong, members of Now United will shoot a reality YouTube Series and music videos, sharing positive stories about Hong Kong and Hong Kong racing with their millions of fans worldwide across multiple platforms.

The group is due to embark on a world tour in November featuring stops in Portugal and Brazil, before returning to Hong Kong in December to perform live at the Club’s racecourses including at the LONGINES Hong Kong International Races. To learn more about Now United’s activities in Hong Kong and the Club’s entertainment initiatives, please visit and follow @hkjcentertainment on Instagram.

Click the link below to rewatch the event:

https://www.youtube.com/live/24xohmpJaVQ

Simon Fuller and XIX Entertainment

Simon Fuller, producer, creator and entrepreneur, is the founder of XIX Entertainment. He has imagined and executed a number of game-changing entertainment properties, engaging audiences across the world and generating billion revenues in the process. His ideas and businesses have disrupted convention, defined the times and empowered artists to achieve their ambitions. He was the inspiration behind the Spice Girls, the creator of the American Idol global TV franchise, the partner of David and Victoria Beckham and the guidance behind sporting legends Andy Murray and Lewis Hamilton, extraordinary singers Annie Lennox and Amy Winehouse and other award-winning projects with entertainment icons Jennifer Lopez and Michael Caine. Today, his company XIX Entertainment is an ever-evolving force of creativity and innovation in music, tech, film and fashion.

HANOI, Vietnam, Aug. 28, 2025 /PRNewswire/ — JuCoin, the world’s first service-driven cryptocurrency exchange, announced significant progress in its Vietnam market expansion following productive discussions with senior Vietnamese government officials, including representatives from the Vietnam Internet Association and the Ministry of Information and Communications.

The meetings, led by JuCoin’s Chief Product Officer and Head of Marketing and Branding, focused on presenting JuCoin’s comprehensive blockchain infrastructure solutions and exploring pathways for compliant crypto exchange operations within Vietnam’s evolving regulatory landscape.

Strategic Infrastructure Presentation

During the discussions, JuCoin outlined its white-label exchange technology architecture and demonstrated how its service-driven platform could support Vietnam’s digital economy development goals. The presentation highlighted JuCoin’s proven track record serving over 50 million users globally and its comprehensive ecosystem including JuChain Layer 1 blockchain infrastructure.

“Vietnam represents one of Southeast Asia’s most dynamic digital economies, with tremendous potential for blockchain innovation,” said JuCoin’s Chief Protocol Officer. “Our discussions with Vietnamese officials have been extremely productive, focusing on how JuCoin’s infrastructure can contribute to the country’s fintech development while maintaining full regulatory compliance.”

Vietnamese officials, including representatives working closely with Vu Hoang Lien, Chairman of the Vietnam Internet Association, provided positive feedback on JuCoin’s technological approach and offered constructive guidance on adapting the platform to serve Vietnamese market needs effectively.

Comprehensive Regulatory Approach

The discussions emphasized JuCoin’s commitment to working within Vietnam’s regulatory framework, with particular attention to:

• Compliance Infrastructure: JuCoin’s white-label technology includes built-in compliance tools designed to meet local regulatory requirements
• Economic Benefits: Presentation of how blockchain infrastructure can support Vietnam’s digital transformation goals
• Technology Transfer: Opportunities for knowledge sharing and local capacity building in blockchain technologies
• Risk Management: Robust security protocols and user protection mechanisms aligned with Vietnamese financial regulations

“We’re approaching the Vietnamese market with deep respect for local regulations and a genuine desire to contribute positively to the country’s digital economy,” explained JuCoin’s Head of Marketing and Branding. “Our white-label solutions are designed to be flexible and compliant with diverse regulatory environments.”

Expanded Government Engagement

Following the positive initial reception, JuCoin subsequently presented to additional Vietnamese government departments, including:

• Ministry of Science and Technology (Deputy Minister level)
• State Securities Commission representatives
• Ministry of Finance officials
• Additional regulatory stakeholders

These expanded discussions focused on specific implementation pathways and regulatory collaboration opportunities that could establish Vietnam as a key market for JuCoin’s Southeast Asian expansion, with officials expressing continued interest in the platform’s technological capabilities and compliance-focused approach.

Vietnam’s Blockchain Potential

Vietnam’s growing digital economy and tech-savvy population make it an attractive market for blockchain innovation. The country has shown increasing openness to cryptocurrency regulation, with recent policy developments suggesting a more structured approach to digital asset governance.

JuCoin’s entry strategy emphasizes collaboration with local authorities and compliance with emerging regulations, rather than operating in regulatory gray areas. This approach aligns with Vietnam’s stated goals of fostering fintech innovation while maintaining financial system stability.

Regional Expansion Strategy

The Vietnam discussions represent part of JuCoin’s broader Southeast Asian expansion strategy, which includes established operations in multiple regional markets and partnerships with local institutions. The company’s service-driven approach emphasizes working with regulators and local stakeholders to ensure sustainable, compliant growth.

“Southeast Asia represents the future of global crypto adoption, and Vietnam is a crucial piece of that puzzle,” noted the Chief Protocol Officer. “We’re committed to building long-term partnerships that benefit both Vietnamese users and the broader regional blockchain ecosystem.”

About JuCoin

Founded in 2013 and rebranded in 2024, JuCoin operates as the world’s first service-driven cryptocurrency exchange. The comprehensive ecosystem includes JuChain Layer 1 blockchain, JuGame entertainment, JuOne smartphones, and JuCoin Labs innovation hub, serving over 50 million users across 30+ countries.

SPOKANE, Wash., Aug. 28, 2025 /PRNewswire/ — TWOPAGES Curtains, a provider of high-quality, stylish custom window treatments, has revealed the six standout finalists of the TWOPAGES X Design Contest 2025, highlighting the power of co-creation in shaping the future of home aesthetics. These designs, now entering the co-development phase with the brand, reflect not only artistic vision but also the value of collaboration between emerging talent and global platforms.

The selected works span cultures, eras, and inspirations, each one demonstrating a unique approach to pattern design.

Sabrina Ramkhelawan‘s submission drew inspiration from Southern California’s multicultural landscape, blending historical traditions with contemporary living. Judges noted that her take on block printing had broad appeal and carried a distinctive freshness.

Rebecca Hughes contributed the Heritage Edit, a nostalgic collection that drew inspiration from vintage craftsmanship and the quiet charm of hand-touched artistry.

Leah Nicole Designs‘ entry was a celebration of the natural world, incorporating motifs of bees, hydrangeas, daisies, and intricate leaves. The detail and vibrancy of her work underscored the design’s role in honoring everyday beauty.

Kim Morrow drew attention with Western Plaid and Prairie Echo. The first reimagines a familiar motif through tonal layering and subtle woven effects, while the latter reflects the growing appetite for freeform design. Jurors praised her plaids as among the strongest in the competition, while also noting the importance of cultural sensitivity in motif selection. The color palette, described as rich and distinctly Modern Americana, further distinguished her submission.

Kate Frost‘s Dragonflies & Water Lilies captured the shimmering ephemerality of a summer river walk through delicate block printing, paying homage to nature’s fleeting beauty.

Jyll Mackie presented a modern interpretation of Indian block prints, weaving stripes into an earthy, organic palette. Her work stood out for its ability to balance tradition with contemporary sensibility.

A Global Contest Turning Creativity into Market-ready Designs

The TWOPAGES X Design Contest 2025 itself was conceived as part of TWOPAGES’s 10th anniversary, underscoring the company’s long-standing commitment to quality and innovation while embracing a more collaborative model. Open to all and free to enter, the competition respected the rights of its creators while offering them the opportunity to see their designs transition from concept to production.

The judging panel brought credibility and expertise to the process.

Among the 2025 jurors were Bonnie Christine, an internationally recognized surface pattern designer and educator, and Hema Persad, founder of Sagrada Studio and a celebrity interior designer known for weaving cultural influences into modern interiors. Each entry was reviewed through a weighted system that balanced innovation, market potential, and production feasibility.

Beyond monetary recognition, finalists will gain exposure through TWOPAGES’s extensive platforms, including features across digital channels and international press. The six winning designs, along with a Public Favorite, will transition into market-ready products, delivering not only creative visibility but also tangible commercial outcomes for their creators.

“For TWOPAGES, the contest demonstrates the value of cross-border creativity and the possibilities of co-design as a development model,” said Ray Chen, Founder of TWOPAGES. By integrating designers into the process, the brand highlights an evolving ecosystem where diverse talent and commercial platforms converge.

Looking ahead, the contest’s journey continues with an offline celebration scheduled for late October. The event will bring together designers, media, and industry partners, offering a glimpse into prototypes and mood boards that preview what lies ahead. Later in the year, the co-design collection born from this contest will be officially launched for the fall and winter season, marking both a commercial milestone and a symbolic start to TWOPAGES’s next decade.

About TWOPAGES Curtains

Founded in 2015 with a mission to revolutionize the window treatment industry, TWOPAGES Curtains has become a leader in providing high-quality, customizable solutions that simplify the shopping experience. With a focus on transparency, innovation, and customer satisfaction, TWOPAGES continues to set the standard for excellence in the industry.

Stay updated with TWOPAGES’ latest information. Please visit：

Website: https://twopagescurtains.com/
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Strategic collaboration will streamline onboarding for financial institutions and strengthen access to Mastercard Move, Mastercard’s portfolio of money movement capabilities

BENGALURU, India, Aug. 28, 2025 /PRNewswire/ — Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next generation digital services and consulting, announced a strategic collaboration with Mastercard to offer financial institutions enhanced access to Mastercard Move, its portfolio of money movement capabilities.

The solution’s seamless integration with Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys, will play a key role in creating an efficient pathway for financial institutions to access Mastercard Move’s cross-border capabilities in a fraction of the typical implementation time and without the intensive resourcing traditionally needed for integration projects.

Mastercard Move provides direct disbursers, banks, non-bank financial institutions and their customers with fast, secure money transfer solutions, both domestically and internationally. The portfolio of solutions reaches more than 200 countries and 150+ currencies, with access to more than 95 percent of the world’s banked population.

Pratik Khowala, EVP and Global Head of Transfer Solutions, Mastercard, said, “Through Mastercard Move’s cutting-edge solutions, we empower individuals and organizations to move money quickly and securely across borders. The strategic collaboration with Infosys provides financial institutions with easy access to these capabilities, enabling them to facilitate fast, secure and reliable cross-border payments for their customers while enhancing control of risk, operations, costs and liquidity for themselves. Together with Infosys, we’re helping financial institutions deliver the seamless digital payments experiences today’s customers expect.”

Anouska Ladds, Executive Vice President, Commercial & New Payment Flows, Asia Pacific, Mastercard, said, “Global remittances continue to grow, driven by migration, digitalization and economic development – especially across Asia, which accounted for nearly half of global inflows in 2024. To meet this demand, Mastercard invests in smart money movement solutions within Mastercard Move while expanding our network of collaborators, such as Infosys, to bring the benefits to a more diverse set of users. We are committed to identifying innovative ways to increase access and truly scale the reach of remittance services and our broader portfolio of commercial payments solutions.”

Dennis Gada, EVP and Global Head of Banking and Financial Services, Infosys, said, “Financial institutions are prioritizing advancements in digital payment systems. The frequency of daily transactions makes it a primary touchpoint with customers — and the key to building long-term loyalty. Consumers gravitate toward institutions that offer fast, secure and seamless transaction experiences. Our collaboration with Mastercard to enable near real-time, cross-border payments is designed to significantly improve the financial experiences of everyday customers.”

Sajit Vijayakumar, Chief Executive Officer, Infosys Finacle, said, “At Infosys Finacle, we are committed to inspiring better banking by helping customers save, pay, borrow and invest better. This engagement with Mastercard Move brings together the agility of our composable banking platform with Mastercard’s unmatched global money movement capabilities – empowering banks to deliver fast and secure cross-border experiences for every customer segment.”

About Mastercard

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

www.mastercard.com

About Infosys

Infosys is a global leader in next-generation digital services and consulting. Over 320,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. We enable clients in 59 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

About Infosys Finacle

Finacle is an industry leader in digital banking solutions. We are a unit of EdgeVerve Systems, a wholly-owned product subsidiary of Infosys (NSE, BSE, NYSE: INFY). We partner with emerging and established financial institutions to help inspire better banking. Our cloud-native solution suite and SaaS services help banks engage, innovate, operate, and transform better to scale digital transformation with confidence. Finacle solutions address the core banking, lending, digital engagement, payments, cash management, wealth management, treasury, analytics, AI, and blockchain requirements of financial institutions. Today, banks in over 100 countries rely on Finacle to help more than a billion people and millions of businesses to save, pay, borrow, and invest better. For more information, visit www.finacle.com.

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Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as artificial intelligence (“AI”), generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2025. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.