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Chula Partners with MIT LGO to Launch Chula-LGO A Master’s Program in Engineering and Business

Creating a New Generation of Leaders with Technical Knowledge and Business Management Skills 

BANGKOK, April 9, 2025 /PRNewswire/ — Chulalongkorn University, through its Faculty of Engineering and Chulalongkorn Business School (CBS), has announced a collaboration with the Massachusetts Institute of Technology’s Leaders for Global Operations (MIT LGO) program. This partnership was unveiled at the 31st Chula the Impact academic seminar, organized by Chulalongkorn University Communications Center. The new Chula-LGO program aims to cultivate leaders equipped with both technical expertise in engineering and business acumen, addressing the evolving demands of industries in the digital era and the global economy. 

Chula Partners with MIT LGO to Launch Chula-LGO: A Master’s Program in Engineering and Business
Chula Partners with MIT LGO to Launch Chula-LGO: A Master’s Program in Engineering and Business

The signing ceremony between Chulalongkorn University and MIT LGO featured remarks from Prof. Dr. Wilert Puriwat, President of Chulalongkorn University, who emphasized the significance of the program: 

“Chula-LGO is more than just another master’s program; it is a transformative step in advancing Thai education to meet international standards. Through our collaboration with MIT LGO, students will gain cutting-edge knowledge, engage with real-world industries, and be equipped to take on leadership roles in the global economy.”

Chula-LGO: An Integrated Program for the Future
Chula-LGO is a two-year master’s program offering an interdisciplinary learning experience. Students will earn a Master of Engineering degree from Chulalongkorn University and an MBA from Chulalongkorn Business School. The curriculum combines rigorous academic coursework with practical experience, including a two-week study period at MIT LGO and a six-month research and internship project within the industrial sector. This structure ensures that graduates are well-prepared to tackle real-world challenges.

Assoc. Prof. Dr. Witaya Wannasuphoprasit, Dean of the Faculty of Engineering, Chulalongkorn University, further elaborated on the program’s strengths and interdisciplinary approach:

“Engineering today is not just about designing and developing technology– it must also integrate effectively with business management and operations. Chula-LGO answers the needs of future industry leaders, providing deep skills in technical expertise, innovation, and management.” 

Assoc. Prof. Dr. Tartat Mokkhamakkul, Dean of the Chulalongkorn Business School, highlighted the business perspective: 

“Modern businesses rely on technology and efficient supply chain management to maintain a competitive edge. Chula-LGO develops strategic thinkers capable of making data-driven decisions using advanced technology. This is a key factor in creating a competitive advantage for organizations.”

Industry Support and Economic Impact
The Chula-LGO program has garnered support from leading industry organizations. Dr. Kobsak Pootrakool, Executive Vice President of Bangkok Bank Public Company Limited, discussed the role of the business sector in supporting this program:

“Today’s industries require professionals who possess both technical expertise and organizational management skills. The Chula-LGO program bridges the gap between academia and business, developing talent capable of competing in the global market and propelling Thailand’s economy forward.” 

“MIT LGO is excited to collaborate with Chulalongkorn University on this initiative. This partnership will not only enhance the curriculum but also foster joint research, faculty, researcher, and student exchanges, contributing to the advancement of Thailand’s industries to meet global standards.” 

Chula-LGO is poised to play a pivotal role in Thailand’s human resource development, especially as Digital Transformation, Artificial Intelligence, and Industry 4.0 technologies reshape the global landscape. The program aims to cultivate a network of leaders capable of steering organizations to success on the international stage.

About Chula-LGO
Chula-LGO is a collaborative program developed by the Faculty of Engineering and the Chulalongkorn Business School at Chulalongkorn University, in partnership with MIT Leaders for Global Operations (MIT LGO). The program’s mission is to produce leaders who can drive industries and businesses in the digital era through integrated education in engineering, technology, and business management. 

For more information on the program and admissions, visit the Faculty of Engineering or Chulalongkorn Business School websites: http://www.eng.chula.ac.th or http://www.cbs.chula.ac.th 

Read the full article at https://www.chula.ac.th/en/news/227346/

About Chulalongkorn University
Chulalongkorn University has made the world’s top 50 university list for employment outcomes, which reflects both the high employment rate and work ability of Chula graduates. The university is also listed as the best in Thailand for the 15th Consecutive Year (since 2009), according to the newly released QS World University Rankings 2024, putting Chula at 211th in the world, up from 244th last year.

Social Media:
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Linkedin: https://www.linkedin.com/school/15101896/

 

Thermo Fisher Scientific, NSG BIO Collaborate to Strengthen Singapore’s Biotech Startup Ecosystem

The collaboration aims to provide advanced resources and scientific expertise to accelerate innovation and drive sustainable growth

SINGAPORE, April 9, 2025 /PRNewswire/ — Thermo Fisher Scientific Inc, the world leader in serving science, has signed a strategic Memorandum of Understanding with NSG BIO, Singapore’s largest BSL-2-certified, co-working laboratory and office space. This collaboration aims to empower biotech startups in Singapore with access to critical resources, advanced laboratory solutions, and scientific expertise to accelerate their research and development capabilities.

Ms Daphne Teo, Chairwoman of Board and Founder, NSG BIO and Ms. Sho-Wen Yeo, Vice President and General Manager, Southeast Asia & Taiwan, Thermo Fisher Scientific at the MOU signing event at NSG BIO's BSL-2 certified co-working laboratory space.
Ms Daphne Teo, Chairwoman of Board and Founder, NSG BIO and Ms. Sho-Wen Yeo, Vice President and General Manager, Southeast Asia & Taiwan, Thermo Fisher Scientific at the MOU signing event at NSG BIO’s BSL-2 certified co-working laboratory space.

Since 2019, NSG BIO has supported innovators create impactful solutions across health, biomedical, agrifood, and industrial biotechnology sectors. Their work spans precision medicine, AI-enabled drug discovery, and synthetic biology. This partnership enables Thermo Fisher and NSG BIO to support research efficiency, accelerate innovation, and advance local healthcare and life sciences capabilities, aligning with national efforts to strengthen the sectors.

“We are excited to collaborate with NSG BIO to support Singapore’s growing biotech ecosystem,” said Ms. Sho-Wen Yeo, Vice President and General Manager, Southeast Asia & Taiwan, Thermo Fisher Scientific. “By ensuring seamless access to cutting-edge instruments and essential consumables, we enable scientists to focus on their critical research without operational challenges. This collaboration underscores our commitment to advancing scientific innovation and supporting the biotech community in Singapore.”

“This strategic collaboration with Thermo Fisher Scientific marks a major milestone in our mission to drive biotech innovation in Singapore,” said Ms. Daphne Teo, Founder and Chairwoman of NSG BIO. “By providing our residents with preferential access to world-class laboratory equipment and supplies, along with flexible credit terms, we are eliminating critical barriers that often hinder early-stage research. This collaboration reinforces our commitment to building a thriving biotech ecosystem where startups can accelerate breakthrough discoveries.”

About Thermo Fisher Scientific

Thermo Fisher Scientific Inc. is the world leader in serving science, with annual revenue over $40 billion. Our Mission is to enable our customers to make the world healthier, cleaner and safer. Whether our customers are accelerating life sciences research, solving complex analytical challenges, increasing productivity in their laboratories, improving patient health through diagnostics or the development and manufacture of life-changing therapies, we are here to support them. Our global team delivers an unrivaled combination of innovative technologies, purchasing convenience and pharmaceutical services through our industry-leading brands, including Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Unity Lab Services, Patheon and PPD.

For more information, please visit www.thermofisher.com.

About NSG BIO 

Founded with a focus on supporting biotech innovation, NSG BIO offers state-of-the-art equipment, efficient operations, capital efficiency, the expertise of world-class teams and global networks to assist life sciences companies. The conducive R&D environment contains fully equipped, certified BSL-2 laboratory and office infrastructure across 70,000 sq ft in the prime location of Biopolis and Science Park in Singapore. By providing access to high-quality infrastructure, its extensive partner network, community, and value-add benefits, NSG BIO ensures that companies, ranging from emerging biotech startups to multinational companies, can rapidly and efficiently execute on their cutting-edge research and development ecosystem in Singapore, leading to the innovation of revolutionary technologies and products that translate into breakthrough biotech ventures and impact for patients.

Nippon Steel and TIER IV Collaborate to Automate Heavy-Duty Transporters at Nagoya Plant

TOKYO, April 9, 2025 /PRNewswire/ — Nippon Steel Corporation (Nippon Steel), Japan’s largest steelmaker and one of the world’s leading steel manufacturers, and TIER IV, Inc. (TIER IV), the pioneering force behind the world’s first open-source software for autonomous driving, are working together to automate steel transportation with heavy-duty autonomous vehicles, aiming to deploy the technology at the steelmaker’s Nagoya plant in fiscal 2025.

The companies have been collaborating to tackle challenges linked to labor shortages with autonomous driving technology since fiscal 2023. To optimize logistics and enhance plant safety, Nippon Steel is driving efforts to automate vehicles such as the specialized transporters that carry pallets loaded with steel plates.

TIER IV offers reference designs to streamline the development and deployment of autonomous driving systems. In this collaboration, reference designs for factory logistics are being customized to develop an autonomous driving system for steel transportation.

Nippon Steel and TIER IV are committed to tackling challenges such as labor shortages, pioneering innovations that will revolutionize plant efficiency and safety with autonomous driving technology.

About Nippon Steel

Nippon Steel is Japan’s largest and one of the world’s leading steel manufacturers, operating production bases in Japan and more than 15 countries worldwide. The Nippon Steel Group is engaged in four key business areas: steel manufacturing, engineering, chemicals & materials, and system solutions. The company’s management plan focuses on four pillars: “Reconstruction of Domestic Steel Business and Strengthening of Group Management,” “Global Strategy for Evolution and Expansion of Overseas Business,” “Challenges Toward Carbon Neutrality,” and “Promotion of Digital Transformation Strategy.” Aiming to become the world’s No.1 comprehensive steel manufacturer, Nippon Steel pursues the highest levels of technology and manufacturing excellence to contribute to society through superior products and services. For more details, please visit Nippon Steel’s website: https://www.nipponsteel.com/.

About TIER IV

TIER IV stands at the forefront of deep tech innovation, pioneering Autoware, the world’s first open-source software for autonomous driving Harnessing Autoware, we build scalable platforms and deliver comprehensive solutions across software development, vehicle manufacturing, and service operations. As a founding member of the Autoware Foundation, we are committed to reshaping the future of intelligent vehicles with open-source software, enabling individuals and organizations to thrive in the evolving field of autonomous driving.

Autoware is a registered trademark of The Autoware Foundation.

Media Contact
Nippon Steel
https://www.nipponsteel.com/contact/
TIER IV
pr@tier4.jp

SWISS REJU Ranks Number 1 in “Sunday More Beauty 100 Award”, Breaking Record with 8 Major Wins , Showcasing Commitment to Innovation

HONG KONG, April 9, 2025 /PRNewswire/ — Luxury beauty brand SWISS REJU is Hong Kong’s No.1 Best Body Slimming and Contouring Provider, according to Sunday More Beauty 100 Award Annual Rankings. This honour is particularly meaningful, as it is the 8th consecutive award won by the brand, after major recognitions from HK01, Cosmopolitan, JESSICA etc. The latest winning streak reflects a strong and consistent record of exceptional service and satisfactory body contouring outcomes SWISS REJU provides.

Each year, Sunday More’s Beauty 100 Award evaluates brands based on verified customer feedback, real expert panel evaluation, and a robust editorial review process. Earning a place on this competitive and prestigious list is a testament to the quality and efficacy of SWISS REJU’s signature body contouring treatment K-Lipolysis. More 100 Awards are presented across a wide selection of categories, from beauty products to slimming services, and only established brands with excellent reputation are eligible to compete.

“We are delighted to commence the year in such a positive manner, we are incredibly honored to be recognised in this prestigious award. Thank you Sunday More for rewarding us as the No.1 Best Body Contouring Treatment!” says the spokesperson of SWISS REJU.


SWISS REJU Ranks Number 1 in Sunday More Beauty 100 Award, Breaking Record with 8 Major Wins 

In a significant advancement for the industry, SWISS REJU is introducing BTL EXION, an innovative AI-driven medical platform developed by BTL Industries. This breakthrough technology is designed to enhance treatment for chronic conditions, with clinical studies indicating substantial improvements in levels of hyaluronic acid, collagen, and elastin. The integration of BTL EXION into SWISS REJU’s offerings represents a step forward in the application of artificial intelligence in aesthetic medicine.

SWISS REJU continues to expand its technological capabilities with additional cutting-edge solutions, including:

  • ATP Lipo X: A dual RF/Ultrasound platform aimed at enhancing cellular energy and promoting overall wellness.
  • Smartlux Laser: A laser technology recognized for its effectiveness in stimulating collagen production.
  • Yaman Queen Lift: An advanced energy platform designed for skin firming and facial contouring.

“We are honored to receive this recognition and remain committed to leveraging innovative technologies to enhance client experiences,” said a spokesperson for SWISS REJU. “Our focus on integrating advanced solutions reflects our dedication to improving outcomes in aesthetic treatments.”

For more information about SWISS REJU and its innovative offerings, please visit http://www.reju.hk

NRF 2025: Retail’s Big Show Asia Pacific Introduces Innovators Showcase and CEO Club to Foster Deeper Collaboration in Shaping the Future of Retail

NRF APAC Innovators Showcase, alongside new CEO-only initiative, to empower retailers and brands to uncover unlimited possibilities across the region

SINGAPORE, April 9, 2025 /PRNewswire/ — The highly anticipated NRF 2025: Retail’s Big Show Asia Pacific (NRF 2025 APAC), scheduled to be held in Singapore on June 3-5, 2025, today announced trailblazing initiatives designed to foster deeper collaboration and drive retail innovation across the region. These initiatives include the invite-only NRF APAC Innovators Showcase and the newly launched NRF CEO Club, which will offer an exclusive platform for retail leaders to engage in high-level discussions and explore transformative opportunities shaping the future of retail in APAC.

Curated by the NRF Innovation Advisory Committee, the NRF APAC Innovators Showcase will present an exclusive exhibition of the top 30 innovative technology companies transforming retail in and around the APAC region, including

  • ChatLabs: ChatLabs’ AI-powered solution delivers hyper-personalised, real-time engagement for global brands like Louis Vuitton and Samsung to maximise customer engagement, retention, and return on ad spend (ROAS).
  • Tradeverifyd: Tradeverifyd’s agentic AI-powered supply chain monitoring helps enterprises proactively detect risks, ensure transparency, and build resilient networks.

Limited to only enterprise-level retail CEOs, the NRF CEO Club stands as the most extensive invite-only initiative designed to empower some 100 top executives and business leaders, through a suite of bespoke services such as high-level business matching and enabling a dedicated platform for strategic discussions. The club fosters cross-border and cross-sector collaborations for retail leaders to address pressing challenges and uncover new opportunities at a transformative level.

“The NRF CEO Club is more than just an exclusive gathering – it’s a strategic platform designed to inspire meaningful connections, foster cross-border collaboration, and spark innovative solutions to the most pressing challenges facing the retail industry today,” said David Mann, Chief Economist for APAC at Mastercard, and an NRF 2025 APAC advisory board member. “By bringing together influential leaders from diverse regional markets across APAC, we are pleased to be part of a unique network where ideas can flourish, partnerships can deepen, and transformative opportunities can emerge.”

Japan’s FamilyMart and India’s Myntra were among the new conference speakers added to the line-up.

Shin Odake, Director, Senior Managing Executive Officer and Chief Supply Chain Officer at FamilyMart, who will be delivering a keynote address, said, “We are excited to participate in NRF APAC for the first time as it provides an unparalleled opportunity to engage with industry leaders and innovators influencing the future of retail. At FamilyMart, we are constantly looking at innovative ways to elevate our customer experiences. We look forward to exchanging insights and collaborating with industry peers to expand our brand regionally.”

Advance rate discounts for the All-Access Pass are available from now until April 14, 2025. This pass offers full access to the three-day conference featuring 11 major keynotes, 18 breakout sessions, and multiple networking opportunities, in addition to unlimited access to the expo floor and exclusive invite-only gatherings. For more information, please visit https://nrfbigshowapac.nrf.com/

About NRF 2025: Retail’s Big Show Asia Pacific 
Retail’s most important event in Asia Pacific takes place in Singapore from June 3-5, 2025. The Asia Pacific edition brings together retail industry leaders from across the region to collaborate on a Pan Asia Pacific stage, home of the world’s fastest growing markets. Retail professionals can gain inspiration from top retail leaders over a three-day conference, an all-encompassing Expo featuring the latest retail solutions, as well as experience the latest innovations and breakthrough technologies available in the market.

ShopUp and Sary Merge to Create SILQ, Gulf-Emerging Asia’s Largest B2B Commerce Platform, Secures USD$110M Funding


SINGAPORE – Media OutReach Newswire – 9 April 2025 – ShopUp, Bangladeshs largest B2B commerce platform, and Sary, the leading B2B marketplace and services platform in the Gulf, have merged to form SILQ Group. This merger brings together Gulf & Emerging Asia, creating the largest B2B commerce platform to serve the fastest-growing consumer markets in the region, and across the globe. The merger is backed by a $110 million funding led by Sanabil Investments, a wholly owned company by Saudi Arabias Public Investment Fund (PIF) and Peter Thiels Valar Ventures. This funding includes an equity investment and financing facility for SILQ Financial, the group’s financial services arm.

ShopUp and Sary Merge to Create SILQ, Gulf-Emerging Asia’s Largest B2B Commerce Platform, Secures USD$110M Funding

Together, ShopUp and Sary have served over 600,000 retailers, hotels, restaurants, cafes, and wholesalers, impacting tens of millions of customers in mom-and-pop shop communities since inception. To date, the combined network has made over $5 billion in transactions on their platforms and exceeded $750 million in embedded financing disbursements. Furthermore, the companies have facilitated a total of 100 million shipments. This will establish SILQ as the platform of choice that enables businesses to grow by increasing their efficiency through a combination of financial tools, logistic services, and commerce features.

Post-merger, both ShopUp and Sary brands will continue to operate in their respective geographies under their respective brand names, while leveraging SILQs infrastructure and combined capabilities. The group will also establish SILQ Financial as its financing arm. It will be creating financial infrastructure, doubling down on the embedded financing scale of both markets and the Point-of-Sales (POS) business.

ShopUps Founder & CEO, Afeef Zaman, will serve as SILQ Group CEO, while Sarys Founder & CEO, Mohammed Aldossary will lead SILQ Financial as CEO.

Through this merger, were entering whats set to become one of the worlds largest trade corridors—projected to reach $682 billion. Were in the front seat to serve some of the most exciting, fast-growing economies that are set to shape global consumption in the coming decades, giving them greater access to products from around the world.”, said Afeef Zaman, CEO of SILQ Group.

“By merging our strengths, we’re not just expanding our reach – we’re revolutionizing how digital commerce serves Gulf’s merchants and South Asia manufacturers. This alliance brings together the best of both worlds: deep regional expertise and world-class technology to empower every business in our ecosystem where financial services are a cornerstone,” said Mohammed Aldossary, CEO of SILQ Financial.

“SILQ is poised to become a leading B2B commerce player both regionally and globally. It addresses numerous challenges faced by B2B businesses seeking a fully integrated platform that combines financial, logistics and commerce services. This merger will enhance SILQs depth, expertise and scale. We remain committed to supporting the companys leadership to ensure this merger benefits all stakeholders,” said a spokesperson at Sanabil Investments.

“Saudi Arabia and the Gulf represent one of the most exciting economic stories in the world today. This merger reflects a bold vision to place these markets at the center of a new commercial ecosystem connecting with South Asia. With a leadership team that has consistently demonstrated courage and foresight, SILQ has the potential to define this category through ambition that matches the regions it serves,” said James Fitzgerald, Founding Partner at Valar Ventures.

SILQ is backed by renowned investors, including Sanabil Investments, a wholly owned company by Saudi Arabias Public Investment Fund (PIF), Peter Thiels Valar Ventures, Flourish Ventures, VSQ, MSA Capital, Rocketship VC, STV, Wafra Investment (owned by Kuwait PIFSS), Peak XV, Prosus, Tiger Global, Endeavor Catalyst, and Raed Ventures. This round will also see participation from new investors like Qatar Government owned Qatar Development Bank. SILQ is set to establish a strong presence in Qatar to extend its offering to SMEs in Qatar.

Hashtag: #ShopUp

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

About ShopUp

ShopUp is a B2B commerce company that connects mills, brands, and manufacturers to small neighborhood shops, creating a seamless distribution for food & essentials. Currently, millions of people in Bangladesh access food and essentials through ShopUp’s network of small shops.

For more information on ShopUp, visit:
LinkedIn:
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About Sary

Sary is the leading B2B marketplace and services platform in the Gulf that connects small businesses with manufacturers and lenders to procure supplies efficiently.

For more information on Sary, visit:

LinkedIn:

About SILQ

SILQ is a platform dedicated to bridging economies and empowering businesses to trade, grow, and navigate new frontiers. By enabling seamless commerce, logistics, and finance, SILQ unlocks opportunities in emerging economies, fueling ambitions and redefining global trade.

For more information on SILQ, visit:

About Sanabil Investments

Sanabil is a financial investment company, wholly owned by the Public Investment Fund (PIF) that commits more than USD 3 billion in capital per annum into global private investments that include VC/Growth. Sanabil is a dynamic, nimble, and highly experienced team of investment professionals. Sanabil provides partners with patient capital, the ability to invest across multiple funding rounds, and access to the region. At Sanabil, we invest in great ideas, great minds, and great companies.

About Valar

Valar Ventures is a venture capital fund based in the United States, founded by Andrew McCormack, James Fitzgerald and Peter Thiel. The firm seeks out exceptionally talented teams and invests globally in high-margin, fast-growing financial technology companies that are pursuing huge market opportunities, such as Xero, Wise (formerly TransferWise), N26, Bitpanda, Qonto, Bestow, Octane and Moss. Valar expects to follow-on significantly as the business scales.

For more information visit-

AutoCount POS Achieves BIR Accreditation, Simplifying Tax for Philippine SMEs and Driving Growth


MANILA, PHILIPPINES – Media OutReach Newswire – 9 April 2025 – Philippine small and medium-sized businesses (SMEs), particularly those in the retail and food & beverage (F&B) sectors, can now enjoy greater peace of mind when it comes to tax compliance. AutoCount, a leading provider of accounting and business software solutions, has achieved official accreditation from the Bureau of Internal Revenue (BIR) for its Point-of-Sale (POS) software, marking a significant step forward in simplifying tax processes, enabling SMEs to streamline their operations while adhering to regulatory requirements.

Seamless Automation with BIR-Accredited POS & Accounting
Seamless Automation with BIR-Accredited POS & Accounting

The BIR-accredited AutoCount POS software automates sales reporting and tax calculations, cutting down manual data entry by up to 70%. This means fewer errors, faster submissions, and more time for business owners to focus on growth instead of paperwork.

Reliable, Compliant, and Built for Growth

“This BIR accreditation reflects our mission to empower Philippine SMEs with reliable, compliant, and efficient solutions,” said Mr. Vanadium Ho, Country Manager of AutoCount Philippines. “ By aligning our POS software with BIR guidelines, we help SMEs ensure accurate electronic invoicing, simplify sales reporting and achieve seamless regulatory compliance, ultimately driving long-term success.”

Seamless Integration with BIR-CAS-Ready Accounting Software

AutoCount’s capabilities goes beyond just POS. Its BIR-CAS-Ready Accounting software integrates seamlessly with the POS solution, bridging the gap between front-end transactions and back-end accounting processes. This integration automates accounting processes, reduces tedious manual errors, and saves time. SMEs can effortlessly generate accurate electronic invoices and comprehensive financial reports, ensuring tax compliance.

“AutoCount is committed to delivering comprehensive software solutions tailored to the diverse needs of Philippine SMEs,” Mr. Ho emphasized. “Our flexible, customizable, and scalable systems support businesses at every stage—from startups to large enterprises. With functionalities comparable to premium ERP solutions from top U.S. brands, AutoCount offers a more affordable and accessible alternative for local businesses.”

Empowering Philippine SMEs with Smarter Tools

AutoCount is redefining how SMEs handle sales and finance. Its user-friendly POS and accounting software streamline operations, reduce administrative workload, and ensure businesses stay compliant with local tax laws—all while remaining cost-effective and reliable.

To learn how AutoCount can help your business simplify BIR compliance and streamline operations, visit https://ph.autocountsoft.com or requesting a free demo today.

Hashtag: #AutoCountPOS #AutoCountAccounting #AutoCount #TaxCompliance #BIRAccredited #SmartBusinessSolutions #BusinessEfficiency #EntrepreneursPH #PhilippinesBusinesses




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

AUTOCOUNT DOTCOM BERHAD (“AUTOCOUNT”)

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Hex Trust Partners with IDA to Provide Institutional-grade Custody for Stablecoin Products

HONG KONG, April 9, 2025 /PRNewswire/ — Hex Trust, a leading digital assets financial institution specializing in custody, staking, and markets services has partnered with IDA, a premier HK-based fintech company. Through this collaboration, Hex Trust will provide licensed, institutional-grade custody services for IDA’s stablecoin products, enabling compliant and seamless cross-border commerce and digital payments.  

With its multi-jurisdictional licenses, and deep institutional expertise, Hex Trust will ensure secure and compliant custody solutions that uphold regulatory standards and enhance security for all transactions with IDA. Furthermore, IDA and Hex Trust will collaborate to explore real-world use cases for cross-border trade, aiming to enhance payment efficiency while ensuring regulatory requirements.

“The stablecoin initiative will strengthen Hong Kong’s competitive edge as a global financial hub,” said Giorgia Pellizzari, Managing Director and Head of Custody of Hex Trust. “Our role as an institutional-grade custodian reflects our commitment to fostering a secure and compliant financial ecosystem for digital assets. We’re excited to partner with IDA to propel the success of this innovative product.”

Sean Lee, Co-Founder and CSO of IDA, stated, “This marks just the beginning of our partnership. Beyond custody, we are exploring new opportunities to unlock global trade and commerce, enabling smoother transactions in collaboration with Hex Trust.”

In addition to the stablecoin solution, IDA is developing a comprehensive financial infrastructure to bridge stablecoin operations with enhanced connectivity between blockchain networks and traditional financial systems. Hex Trust and IDA are also exploring deeper collaborations, including FX features, on this robust platform to foster a thriving stablecoin ecosystem.

About Hex Trust

Established in 2018, Hex Trust offers regulated institutional digital asset custody, staking, and markets services to builders, investors, and service providers. Get access to our comprehensive, secure, and regulated suite of services built on our proprietary and fully integrated infrastructure. For more information, visit Hextrust.com or follow Hex Trust on LinkedIn, X, and Telegram.

About IDA Finance Hong Kong Limited (IDA)

IDA is the premier digital asset technology company to spearhead the widespread adoption of blockchain finance and to empower businesses to seamlessly integrate between Web2 and Web3.   

IDA will launch a stablecoin product which is designed to drive enhanced connectivity of digital currency for seamless commerce and payments between Hong Kong and global markets, 24/7/365.  To maintain the highest level of security and stability, all circulating stablecoins will always be fully backed by at least 100% reserve assets in regulated Hong Kong based authorized institutions.  

More information can be found at idafi.xyz / LinkedIn / X

Disclaimer:

This post is for informational purposes only and is not financial, investment or other advice, nor a recommendation, endorsement, offer, solicitation or sale of any kind in any jurisdiction.  As always, users should do their own research and are urged to seek independent financial, investment and other advice before taking any initiative in connection with the information contained herein. The information contained in this article is intended to be current at the time of publication, but may not remain so indefinitely.  Products or services mentioned in this material are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions nor to all persons.