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DNAKE Emerges as a Global Innovator in Brain-Computer Interface Technology

XIAMEN, China, July 18, 2025 /PRNewswire/ — Brain-Computer Interface (BCI) technology is redefining human-machine interaction by establishing direct communication between the brain and external devices. This transformative innovation is driving profound societal impact across industries: revolutionizing neurological disease treatment (e.g., epilepsy, Parkinson’s, and depression), enhancing educational outcomes through improved focus, and enabling seamless industrial human-robot collaboration. With aging populations and rising neurological disorders worldwide, BCI’s healthcare applications are experiencing explosive demand.

According to IMARC Group, the global BCI market reached $1.74 billion in 2022 and is projected to hit $3.3 billion by 2027. In this rapidly evolving field, DNAKE is establishing itself as a rising force through cutting-edge R&D and global vision.

Technology Leadership & Standardization

As a key driver of BCI advancement, DNAKE has forged strategic partnerships with elite research institutions like the CAS Key Laboratory of Brain Function and Diseases, Xiamen University’s Brain Cognition & Intelligent Computing Lab, etc. These collaborations underscore its dual strengths: proprietary innovation and integration of top-tier academic resources.

DNAKE holds pivotal roles in the BCI Industry Alliance and China Communications Standards Association, actively co-authoring technical standards such as “EEG-Based Attention Monitoring Systems: Technical Requirements and Testing Methods.” This standardization expertise positions DNAKE to extend its influence into global markets, where consistent technical benchmarks are critical for adoption.

Breakthrough Innovations

DNAKE‘s BCI team recently published groundbreaking research in the Annals of the New York Academy of Sciences, solving a critical industry challenge: environmental adaptability. Their innovative “Human-AI Multi-agent Copilot” system merges EEG signal decoding with deep reinforcement learning AI, enabling devices to interpret user commands while autonomously responding to environmental changes—a leap from one-directional BCI systems to true interactive intelligence.

In sleep health, Dr. Phang’s team also developed a Multiscale Temporal Convolutional Neural Network (MTCNN) algorithm in the Journal of Neural Engineering that achieves 88.24% accuracy in sleep-stage classification—a 23% improvement over consumer-grade headbands (Miller et al., 2022). This approach sets new paradigms for EEG signal analysis.

R&D Commitment

DNAKE‘s 300+ member R&D team includes specialized BCI engineers, with 2024 R&D investment spiking to 11% of revenue. A dedicated $18 million BCI Technology Center will accelerate project commercialization.

Strategic Vision

Aligned with its “Innovation-Driven Transformation” strategy, DNAKE is pivoting toward digital health ecosystems while strengthening its smart community and hospital solutions. “In BCI, Chinese innovators compete on equal footing globally,” notes DNAKE. “Through autonomous R&D and international collaboration, we’re poised to shape BCI’s future.”

About DNAKE

DNAKE (Xiamen) Intelligent Technology Co., Ltd. is a global leader in smart intercom and home automation solutions. Since 2005, we’ve delivered innovative, high-quality products—including IP intercoms, cloud platforms, smart sensors, and wireless doorbells—to over 12.6 million households worldwide. Combining cutting-edge technology with customer-focused design, DNAKE provides reliable, scalable solutions for both residential and commercial needs.

vivo Wins Innovate for Impact Use Case Award at the ITU AI for Good Global Summit

The recognition highlights vivo’s commitment to empowering accessibility through on-device intelligence.

SHENZHEN, China, July 18, 2025 /PRNewswire/ — vivo was honored with the “Innovate for Impact” best use case award in the accessibility category at the AI for Good Global Summit, in Geneva, Switzerland. Received on July 9, the award recognizes vivo’s efforts in leveraging on-device artificial intelligence (AI) to empower accessibility with the initiative “On-Device Intelligence Empowers People with Disabilities and Smart Interaction Scenarios,” which stood out among the top submissions from 32 countries. This recognition is a strong endorsement of vivo’s long-standing commitment to inclusive technology and its leadership in advancing accessibility solutions globally.

vivo was honored with the Best-Case Award in the accessibility category at the ITU AI for Good Global Summit.
vivo was honored with the Best-Case Award in the accessibility category at the ITU AI for Good Global Summit.

The AI for Good Global Summit, organized by the International Telecommunication Union (ITU) in collaboration with over 40 United Nations organizations, including UNIDO and UNESCO, is a leading platform for dialogue on AI, promoting international cooperation among major AI economies. Through workshops and case-study initiatives, the AI for Good Global Summit aims to facilitate the exchange of exemplary experiences and expert knowledge on the global application of AI technologies and models, ultimately improving fairness in AI.

This year, the Summit’s Innovate for Impact challenge awarded 51 AI-driven use cases selected from 238 submissions received from across 32 countries. At the ceremony, Mr. Wei Wei, Director-General of the Department of Science and Technology at China’s Ministry of Industry and Information Technology, and Dr. Bilel Jamoussi, Deputy Director of ITU’s Telecommunication Standardization Bureau, jointly presented certificates to the winning companies and institutions.

vivo was selected as one of the Innovate for Impact Use Case winners.
vivo was selected as one of the Innovate for Impact Use Case winners.

At the summit, Cao Yuqiong, Senior Director of Software Industry Development at vivo, delivered a keynote titled “AI Expanding Human Perception Seeing, Hearing, Understanding Everything.” Cao emphasized vivo’s vision of “Technology for a Better Future” and demonstrated some of the company’s key accessibility innovations, including vivo Seeing and other pioneering features designed to create a fairer digital world.

Cao Yuqiong, Senior Director of Software Industry Development at vivo, shared vivo’s vision of technology for good.
Cao Yuqiong, Senior Director of Software Industry Development at vivo, shared vivo’s vision of technology for good.

Since 2019, vivo has been leveraging on-device AI capabilities to create industry-leading accessibility solutions. Among these innovations are vivo Listening, which enables two-way voice-to-text communication, and the world’s first “Sign Language Translator,” a breakthrough in overcoming complex grammar recognition challenges. Additionally, vivo has introduced the industry’s first AI visual assistance product, vivo Seeing, which pioneers a multimodal visual assistance system that provides core functions such as environment description and object localization. vivo has also developed vivo Music Scores Reader, designed for visually impaired music lovers.

vivo’s ongoing efforts in information accessibility have earned recognition and affirmation from reputable organizations and institutions domestically and internationally. In June 2025, vivo Voice for Hope Initiative was shortlisted as an “Outstanding Case of Technology for the Disabled” by the China Academy of Information and Communications Technology. At the 7th Technology Accessibility Development Conference (TADC), the initiative titled “vivo Information Accessibility: Industry Practice Driven by Large Models” was awarded the “2025 Outstanding Case of Information Accessibility.”

In addition, vivo is taking the lead in creating a barrier-free ecosystem empowered by science and technology. vivo’s barrier-free technology is now featured in the National Barrier-Free Environment Exhibition Hall, making vivo the first technology company to provide guided tours for individuals with disabilities using smartphones in China. As part of its efforts to build an open platform for “science and technology for good,” vivo has made its full-stack AI capabilities available to developers at no cost, with a particular focus on those developing barrier-free solutions. In May 2025, vivo and the China Disabled Persons Welfare Foundation held a conference on the vivo Voice for Hope Initiative – Special Action on Technology for the Disabled. During the conference, vivo announced its commitment to invest RMB 30 million over the next five years to explore innovative solutions that empower people with disabilities to live barrier-free lives.

To date, vivo’s products and services have reached over 500 million users in 60 countries and regions around the world, with accessibility features benefiting more than 4 million users.

(END)

About vivo

vivo is a technology company driven by user orientation to create exceptional products, with smart terminals and intelligent services at its core. It aims to bridge the gap between people and the digital world, offering users a more convenient and personalized mobile digital life. Guided by its corporate values of ‘Benfen’ (staying grounded), user orientation, design-driven innovation, continuous learning, and teamwork, vivo integrates sustainable development strategies across its value chain, striving to become a healthier, enduring world-class enterprise.

Headquartered in Dongguan, China, vivo taps into local talent resources and maintains an extensive R&D network spanning Shenzhen, Dongguan, Nanjing, Beijing, Hangzhou, Shanghai, and Xi’an. Its research covers a wide range of frontier areas, including 5G communication, artificial intelligence, industrial design, and imaging technology. Currently, vivo’s manufacturing network (including authorized production) boasts an annual production capacity of nearly 200 million units, with sales covering over 60 countries and regions and a user base exceeding 500 million.

For more corporate, brand, product, and technology updates, follow vivo’s official WeChat accounts: ‘vivo’.

For additional media resources, high-resolution images, or videos, please visit: https://www.vivo.com/news

About ITU

The International Telecommunication Union (ITU) is the United Nations agency for digital technologies, driving innovation for people and the planet with 194 Member States and a membership of over 1,000 companies, universities, civil society, and international and regional organizations. Established in 1865, ITU coordinates the global use of the radio spectrum and satellite orbits, establishes international technology standards, drives universal connectivity and digital services, and is helping to make sure everyone benefits from sustainable digital transformation, including the most remote communities. From artificial intelligence (AI) to quantum, from satellites and submarine cables to advanced mobile and wireless broadband networks, ITU is committed to connecting the world and beyond. Learn more: www.itu.int

Skyborn confirms Siemens Gamesa turbine supply and service agreement for Gennaker project

  • Agreements with Siemens Gamesa aim to ensure supply of the Gennaker offshore wind farm with 63 SG 14-236 wind turbines and their long-term maintenance.
  • Gennaker will add up to 976.5 MW to Germany’s renewables capacity*.

HAMBURG, GERMANY – EQS Newswire – 18 July 2025 – Skyborn Renewables (Skyborn) is delighted to confirm execution of the Turbine Supply Agreement (TSA) and the Offshore Long Term Program Service Agreement (LTPSA), with Siemens Gamesa for the provision of 63 SG 14-236** wind turbines and their long term service. Both agreements are based on the Master Supply Agreement signed by Skyborn and Siemens Gamesa in June 2024. The agreements are conditional and subject to conditions precedent, including a notice to proceed from Skyborn. Installation at sea is set to begin in early 2028.

These agreements strengthen the long-term partnership between the two companies and upgrade the wind turbine technology for Gennaker to state-of-the-art.

Contract signature took place in Hamburg in presence of Patrick Lammers (Skyborn – CEO), Michael Prutsch (Skyborn – Gennaker Project Director), Marc Becker (Siemens Gamesa – Senior Vice President for Offshore) and Mogens Jakobsen (Siemens Gamesa – Head of Sales).

From the left: Michael Prutsch (Skyborn - Gennaker Project Director), Patrick Lammers (Skyborn - CEO), Marc Becker (Siemens Gamesa – Senior Vice President for Offshore) and Mogens Jakobsen (Siemens Gamesa – Head of Sales).
From the left: Michael Prutsch (Skyborn – Gennaker Project Director), Patrick Lammers (Skyborn – CEO), Marc Becker (Siemens Gamesa – Senior Vice President for Offshore) and Mogens Jakobsen (Siemens Gamesa – Head of Sales).

“We are thrilled to see the Turbine Supply Agreement and the long-term service agreement with Siemens Gamesa coming to completion. It is another step towards Gennaker’s commissioning. Siemens Gamesa is a partner of choice for offshore wind turbines and we are delighted to be partnering with them again. Gennaker our blue-print project, is the showcase of our end-to-end delivery capabilities, with standardized process to bring new offshore wind projects to life every 12 to 18 months.” explains Patrick Lammers, Skyborn CEO. “Gennaker, as the largest offshore wind farm in the German Baltic Sea, will contribute to Germany’s climate goals by boosting renewable energy production in the electrical mix.” Lammers adds.

Marc Becker, Senior Vice President of Siemens Gamesa for Offshore adds: “We have successfully partnered with Skyborn on four offshore wind projects across France, Taiwan, and Germany. With Gennaker, our joint portfolio will surpass 3 GW of clean energy capacity. As the project moves toward final investment decision, we stand ready to deliver our SG 14-236 workhorse turbine, already backed by a robust order book exceeding 16 GW.”

With a capacity of up to 976.5 MW, Gennaker is to become the largest offshore wind farm in the German Baltic Sea to date. Located approximately 15 kilometers north of the Fischland-Darß-Zingst peninsula, the project area sits within a designated priority zone for offshore wind energy in the Mecklenburg-Western Pomerania coastal sea. Skyborn secured the initial building permit for the Gennaker site in May 2019 and maintains site exclusivity for development. Once commissioned, the project will supply approximately 1 million people with green electricity. Gennaker is planned to be commissioned in 2028.

*Capacity as applied for, in the permit application for Gennaker offshore wind farm.
**The project currently refers to Siemens Gamesa SG 14-236 turbines and any future updates of that platform.
Hashtag: #skyborn

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

About Skyborn Renewables

Skyborn is an accomplished offshore wind developer and operator with more than 20 years’ experience, headquartered in Germany. The company’s capabilities cover the entire offshore wind value chain, including greenfield development, project engineering and design, procurement, financing, corporate power purchase agreements, construction management and asset management. Skyborn is a portfolio company of New York based Global Infrastructure Partners (GIP), a leading infrastructure investor and part of Blackrock.

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China Pavilion Launches “Zhejiang Week” Event at Expo 2025 Osaka

Immersive Cultural Showcase Highlights the Rich Appeal of Picturesque Zhejiang

OSAKA, Japan, July 18, 2025 /PRNewswire/ — The “Zhejiang Week” celebration at the China Pavilion, Expo 2025 Osaka was officially launched on July 12, 2025, drawing approximately 200 government officials and business leaders from both China and Japan to its opening ceremony.

Zhejiang Provincial Department of Culture, Radio, Television and Tourism delivered an immersive and visually dynamic exhibition, blending multimedia visuals with live performances to spotlight the province’s breathtaking natural landscapes, deep-rooted cultural heritage, and forward-looking innovations. The showcase vividly illustrated an Eastern paradigm where ancient traditions intersect with modern development, and ecological stewardship complements economic progress.

That afternoon, tourism promotions spotlighted the cities of Quzhou, Jiaxing, and Wenzhou, along with the iconic water towns Wuzhen and Puyuan, and resonated strongly with attendees. The exhibits—featuring cultural landmarks, regional cuisines, and curated travel itineraries—drew large crowds of Japanese visitors to the China Pavilion. At the venue entrance, the custom travel guides and creative souvenirs from Wenzhou and other major tourist destinations of Zhejiang proved especially popular among attendees.

The Zhejiang tourism presentation was met with enthusiastic applause and positive feedback. Japanese guests noted that the event offered them fresh perspectives on Zhejiang, sparking interest in visiting the region to experience its distinctive offerings firsthand. 

 

 

 

LEPAS’s First Overseas Showcase: Redefining Premium Mobility at Indonesia Auto Show

JAKARTA, Indonesia, July 18, 2025 /PRNewswire/ — In April this year, Chery Group officially unveiled its new brand LEPAS, embarking on its global journey to deliver refined lifestyle experiences. As a key step in its globalization strategy, LEPAS is set to make its overseas debut at the Indonesia International Auto Show, opening on July 23.

LEPAS product portfolio
LEPAS product portfolio

By choosing Indonesia—Southeast Asia’s pivotal market—for its overseas debut, LEPAS demonstrates its forward-looking strategy and unwavering confidence in emerging markets worldwide. At this year’s Indonesia International Auto Show, LEPAS will bring its brand philosophy “Colorful Life, Masterful Drive” to life through the event’s most vibrant exhibition space. The brand will transform its display area into a premium lifestyle runway, where bold colors, sophisticated design, and interactive elements come together to deliver a truly immersive experience that breaks from conventional automotive showcases. Chief Designer of LEPAS will also be present at the venue, engaging in in-depth discussions with visitors and media representatives to explore the endless possibilities of elegant mobility for the future.

Adhering to its “In Somewhere, For Somewhere” development philosophy, LEPAS is actively integrating into the Indonesian market by accelerating the establishment of a comprehensive sales and service network to precisely meet local consumers’ needs.

At this auto show, LEPAS will present its star product portfolio —L8, L6, and L4—making their first collective appearance. L8, a benchmark SUV in its segment, combines elegant styling with a tech-forward cockpit, spacious comfort and comprehensive safety features—making it an ideal choice for urban elites pursuing a premium lifestyle. The show will also witness the debut of the all-new L6 and L4 models. With segment-leading performance, these vehicles will extend LEPAS’s appeal to wider customers—from fashion-forward urbanites to individuality-seeking sophisticates—collectively delivering a premium brand experience that blends exceptional value with elevated quality for global customers.

LEPAS’s global premiere is just the beginning. Establishing Indonesia as its strategic springboard, the brand is rapidly advancing its mission to become ‘the brand of choice for premium lifestyles’ worldwide. This auto show will see LEPAS unveiling the most vibrant display—not simply as visual spectacle, but as a symbol of its commitment to exploring and embracing colorful life and cultural diversity. Powered by human-centered technology and speaking the universal language of color, LEPAS is now embarking on its global journey from China, leading a new generation of urbanites toward their aspirational vision of premium mobility.

Beijing Review: Where dynasties meet daily life: China-U.S. Youth explore Xi’an’s living history

BEIJING, July 17, 2025 /PRNewswire/ — On July 12, the Across the Pacific: China-U.S. Youth Dialogue for a Shared Future program came to its second stop, Xi’an.


Where dynasties meet daily life: China-U.S. Youth explore Xi’an’s living history

Organized by ISC’s 5th China-America Student Conference, twenty-five young delegates from China and the U.S. were here to explore how echoes of the past meet the pulse of the present and how a city’s cultural roots are woven into the fabric of everyday life.

On July 14, the delegates visited Xi’an Jiaotong University (XJTU) for a session of From University to the World, a China-U.S. exchange platform.

During the event, Professor Peng Fengling gave a themed lecture, which offered a comprehensive look at Chinese culinary culture–from regional cuisines and dining etiquette to the social and cultural meanings they reflect.

“This lecture got me thinking about things I’d never really considered before—like why Chinese dining tables are round. I used to think it was just to make it easier to share dishes. And that does make sense if everyone is sharing food. But I hadn’t realized there’s a deeper meaning,” Dahlia Townley-Bakewell said. “It is about reunion, about everyone being equal at the table. Everything is connected to everything else, which come together to form a whole system. I found that really fascinating.”

The delegates and students from XJTU also engaged in lively discussions on topics ranging from Mandopop and American hip-hop to local Shaanxi cuisine.

“Beyond the academic discussions, we also shared stories from our daily lives, including the cultural differences between China and the U.S.,” Liu Yuxuan said. “Through these exchanges, we are not only fostering a better environment for dialogue between our countries but also forming genuine friendships.”

The youth not only learned about the cultural importance behind Chinese cuisine through lectures, but also experienced the charm of traditional Chinese culture firsthand.

They explored Huaqing Palace, once a royal retreat during the Tang Dynasty (618-907), where they felt the pulsating fusion of Tang splendor and contemporary trends. They also opened blind boxes featuring creative designs inspired by historical figures.

Later, they visited Emperor Qinshihuang’s Mausoleum Site Museum, where they viewed the world-renowned Terracotta Army up close and was able to gain a deeper understanding of the depth and intricate craftsmanship of ancient Chinese civilization.

The delegates not only observed but also changed into hanfu (the traditional attire of the Han Chinese) and were hence transported back in time thousands of years.

After changing into the traditional attire, the delegates visited the Giant Wild Goose Pagoda, a famous ancient Tang Buddhist tower in Xi’an, where they experienced the seamless blend of ancient heritage and contemporary life.

“I think this has been the most memorable experience for me. I’ve never really done any kind of dress-up like this before. Spending time trying hanfu and being at this temple, I felt really confident—and I truly enjoyed wearing this outfit. So I’m kind of sad that I will have to take it off,” Henry Frederick Gregory Collins said. “So I like to think of myself as some sort of lead warrior, but also someone well-versed in ancient philosophies–so a balance between a thinker and a warrior for sure.”

“With the hanfu, I felt more connected to Chinese culture, I felt more connected to Chinese culture, because I was in a costume that represented an ancient period of China,” Justin Isaiah Seymour Welch said. “With that type of clothing on, I felt like it channeled a different kind of energy that made me feel more connected to the actual landmark.”

“I think the best way to see that depiction is downtown, where you have the ancient Bell Tower surrounded by modern life. It is really beautiful to see how we can hold on to something historic while still keeping modern elements around it to fit our current lifestyle,” he concluded.

Comments to pengjiawei@cicgamericas.com

Company Name: Center for the Americas, China International Communications Group

Contact Person: Peng Jiawei

Email: pengjiawei@cicgamericas.com

Country: People’s Republic of China

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China Mobile International Launches SJC2 to Enable Seamless Connectivity Across Asia-Pacific

HONG KONG, July 18, 2025 /PRNewswire/ — China Mobile International Limited (CMI) officially activated the Southeast Asia–Japan Cable 2 (SJC2) on 16 July 2025. Spanning 10,500 kilometers, this revolutionary submarine cable system is set to redefine connectivity across the Asia-Pacific region.

SJC2’s main trunk links Singapore, Hong Kong China, and Japan, with additional branches covering other key Asia-Pacific countries and regions. Employing the latest optical wavelength division multiplexing technology, the cable is capable of transmitting more than 126 terabits per second (Tbps)[i]. SJC2 enhances submarine cable infrastructure in the region with additional capacity, route diversity, and resilience by strengthening the redundancy of the network to meet the increasing demand for connectivity within Southeast Asia and East Asia. This will contribute to a more stable communications environment to power AI and other bandwidth-intensive applications.

CMI and partners held the SJC2 launch ceremony.
CMI and partners held the SJC2 launch ceremony.

Together with the existing submarine cables, CMI has now established eight routes within the Asia-Pacific region, significantly enhancing network availability and meeting growing bandwidth requirements. Additionally, by utilizing its self-developed Local Ring Systems in Hong Kong China, Japan and Singapore, which are connected to data centers across the region, CMI can customize PoP-to-PoP (Points of Presence) solutions with highly scalable and flexible bandwidth.  

Southeast Asia has become one of the world’s most exciting digital markets. According to Market Research Southeast Asia, the Southeast Asia digital transformation market is expected to grow at a compound annual growth rate (CAGR) of 13.2% from 2024 to 2032. Much of this change is being powered by rising internet access. More broadly, the Asia-Pacific region submarine cable system market is expected to reach US$18.36 billion by 2034, according to Precedence Research. Consequently, the need for expanded connectivity infrastructure has become increasingly apparent. 

SJC2 is a core pillar of CMI’s efforts to enhance global connectivity, particularly in the Asia-Pacific region, by supporting the explosive growth of 5G, cloud computing, AI, and e-commerce. SJC2 can help to meet this surging demand by providing enterprises, cloud providers and digital platforms with low-latency, high-capacity data transfer that is essential for AI workloads and data-intensive applications, while also improving digital inclusion and bridging connectivity gaps in underserved regions. 

The SJC2 cable, led by CMI and its partners, is the latest submarine cable project completed in the Asia-Pacific region. Through its planned connection with the PEACE cable, which became operational in September 2024, SJC2 can extend its network coverage to Europe. In recent years, CMI has invested in several other cable systems around the world, including 2Africa, a transcontinental system linking South Asia, the Middle East, Africa and Europe; IAX and IEX, a submarine link connecting Singapore, India, Italy and France; and SEA-H2X, a Southeast Asia network connecting mainland China, the Philippines, Thailand, Malaysia and Singapore. With a network spanning 78 countries, over 100 cable systems, 168+ Tbps bandwidth, 330+ global PoPs, and self-owned data centers in major cities such as Hong Kong, Singapore, London, and Frankfurt, as well as 1,278 partner data centers, CMI supports partners worldwide. 

About China Mobile International Limited

China Mobile International Limited (CMI) is a wholly owned subsidiary of China Mobile. In order to provide high quality services to meet the growing demand in the international market, China Mobile established CMI in December 2010, headquartered in Hong Kong, China. CMI has expanded its footprint in 39 countries and regions. Leveraging the strong support by China Mobile, CMI is a trusted partner that provides comprehensive international information services and solutions to enterprises, carriers and mobile users. please visit www.cmi.chinamobile.com

[i] In the case of 100 Gbps transmission × 180 wavelengths × 7 pairs of optical fibers

 

Euroclear reports robust H1 2025 results

BRUSSELS, July 18, 2025 /PRNewswire/ — Results for the first half year ended 30 June 2025

Financial highlights

Solid business performance and improved operating margin despite challenging geopolitical and macroeconomic environment

  • Underlying1 business income for H1 2025 reached €932 million, an 8% increase compared to H1 2024. Higher safekeeping revenues, supported by an increase in group depot and in settlement and communication income, reflect a robust equity market recovery and strong issuance activity.
  • Following the acquisition of a 49% stake in Inversis, Inversis’ results are consolidated as from March 1st, contributing for €4.7 million to Euroclear’s share of results in H1 2025.
  • In line with expectations, underlying interest and banking income continues to decrease (-6%) to €551 million, mainly impacted by lower interest rates. This was partly offset by an increase in average deposits.
  • Operating costs increased by 3% to €682 million when adjusted for non-recurring items2. Cost mitigation measures initiated last year continue to progress and partially compensate the inflation and higher compensation spend. 
  • As result of the positive operating leverage, business income operating margin improved to 27.2% (approx. +4% percentage points), reflecting continued growth in core activities and effective cost control.
  • Resulting adjusted net profit remains stable year-on-year at €598 million. Adjusted Earnings Per Share is €1903.
  • Q2 2025 business income remained consistent with the very strong performance in Q1, which was marked by volatility due to US announcements and geopolitical uncertainties. Volatility slightly decreased in the second quarter while issuances remained strong. As a result of the ongoing cost control measures, Q2 expenses remained in line with previous quarter.
  • Euroclear Group’s capital position remains very strong, comfortably above regulatory requirements with a Common Equity Tier 1 capital ratio of around 61%4.

The impacts of the Russian sanctions are detailed in the last section of this press release.

 

Euroclear reports robust H1 2025 results
Euroclear reports robust H1 2025 results

 

Valerie Urbain, Chief Executive Officer of Euroclear, commented:

“We are reporting robust results for the first half of 2025, in line with our expectations. Our business income continues to increase (+8%) to €932 million, reflecting our strong operational performance in settlement and safekeeping activities, and making our results less reliant on interest income. I am also pleased to see initiatives such as our strategic partnership with Inversis in Spain start to contribute to the company’s profit.

As Europe’s largest player in post-trade, Euroclear has been actively contributing to the financing of the European economy and integration of European markets for decades, notably through the Eurobond and iETF models. As we move forward, we are accelerating our strategy to answer the clear needs outlined in Europe’s Savings and Investments Union (SIU). Our ambition is to further facilitate the seamless flow of capital across Europe by building on the know-how, synergies, scale and global connectivity of our model which combines our international CSD (Euroclear Bank) with our six domestic CSDs in Europe and the UK. This unique, open model positions Euroclear as Europe’s gateway to the world.

In the same spirit, the recent announcement of our AI powered tool EasyFocus+ is part of our commitment to make our clients’ life easier and to support industry transitions such as widescale T+1 settlement by optimising market connectivity and boosting settlement efficiency. As a business of scale, Euroclear is accelerating its use of AI to automate increasingly sophisticated processes and enhance its customer service. Euroclear’s open access model gives clients a choice of interconnected international and national CSDs, supporting competition, avoiding costly silos – ultimately delivering a single, seamless interface.”

Business performance

The key operating metrics (end of period unless stated otherwise) demonstrate an excellent business performance during the period.

H1 2024

H1 2025

YoY evolution

3-year CAGR

Assets under custody

€39.6 trillion

€41.5 trillion

+5 %

+5 %

Number of transactions

165 million

177 million

+8 %

+4 %

Turnover

€565 trillion

€665 trillion

+18 %

+8 %

Fund assets under
custody

€3.3 trillion

€3.6 trillion

+8 %

+8 %

Collateral Highway

€1.87 trillion

€2.01 trillion

+8 %

+1 %

Underlying cash deposits
(full year average)

€22.5 billion

24.5 billion

+9 %

-1 %

Euroclear continued its strong performance, with assets under custody reaching record levels, marking an eleventh consecutive quarter of growth. Turnover rose 18% from H1 2024, driven by robust fixed income and settlement activity amid volatile markets and geopolitical uncertainty. Collateral Highway outstanding and fund depots remain near peak levels.

Q2 2025 business milestones

Savings & Investments Union

Euroclear recently unveiled a comprehensive plan to establish a true single market for post-trade services in all 27 Member States across all asset classes. This initiative, aimed at enhancing the efficiency and effectiveness of European market infrastructure, will support the Savings and Investments Union’s (SIU) ambitions and ensure Europe remains the ‘go-to place’ for investors and issuers globally.

Euroclear’s ambitious project builds on the know-how, scale and global connectivity of its unique model: combining the leading international Central Securities Depository (Euroclear Bank) with its local CSDs in Europe. This open-model positions Euroclear as Europe’s gateway to the world – enabling it to connect global markets, drive innovation and unlock further efficiency.

Contributing to stability and liquidity in the Eurosystem

At the end of Q2, Euroclear successfully connected to the European Central Bank’s Eurosystem Collateral Management System (ECMS), marking a major step forward in the harmonisation of the management of collateral used in the Eurosystem. The recently launched ECMS replaces 20 separate National Central Bank (NCB) access points with a single, unified platform.

This connection strengthens Euroclear’s central position in asset custody and liquidity management, supported by our Collateral Highway, the world’s first neutral and global open architecture for institutions looking to optimise their collateral strategies.

Supporting the transition to T+1 with AI enabled data-driven insights

In support of the industry’s transition to T+1 settlement in Europe by October 2027, Euroclear has announced the next generation of its EasyFocus service in partnership with Meritsoft and Taskize. EasyFocus+ provides clients with an enhanced, AI-powered platform, running on a Microsoft cloud, to deliver real-time data, insights and resolution capabilities across all of Euroclear’s Central Securities Depositories (CSDs). The move aligns with Euroclear’s strategy of reducing industry fragmentation, advancing the EU’s Savings and Investments Union (SIU) and delivering services that optimise market connectivity.

End-to-end solution for investment funds in Asia Pacific

Euroclear and Marketnode, the Singapore based digital market infrastructure operator, have announced the roll out of a comprehensive, end-to-end fund order and processing solution for retail and institutional investors in Singapore. The service streamlines multiple activities across the retail cash and pension fund order and settlement lifecycle, allowing client to reduce manual intervention, improve reconciliation processes and accelerate settlement times. This launch follows Euroclear’s strategic investment in Marketnode in 2024, reinforcing Euroclear FundsPlace as a one stop shop for fund services across Asia Pacific and supporting its broader global funds strategy.

Euroclear Foundation: from vision to execution

Euroclear marked a pivotal step in its commitment to social impact with the recent launch of the Euroclear Foundation. Dedicated to improving life chances for underserved, marginalised, and at-risk youth, the Foundation will enable better access to resources, skills, support networks, and opportunities for fuller participation in society. In addition, it will provide capacity-building support to nonprofits with bold ambitions for change.

 

Russian sanctions impacts

Financial impacts of the Russian assets

  • Interest earnings from Russian sanctioned assets were €2.7 billion, a 21% decrease from H1 2024 due to gradual rate cuts. Future interest earnings will continue to evolve in line with future policy rates.
  • As required by the EU windfall contribution regulation, Euroclear provisioned €1.8 billion as windfall contribution for H1 2025, of which €1.6 billion will be paid to the European Commission in July 2025.
  • The Russian sanctions and countermeasures resulted in direct costs of €52 million and a loss of business income of €16 million.
Euroclear reports robust H1 2025 results
Euroclear reports robust H1 2025 results

 

Update on Russian sanctions and countermeasures

Russia’s invasion of Ukraine in February 2022 resulted in market-wide application of international sanctions. Euroclear considers the application of international sanctions as a key obligation. Therefore, well established processes are in place which have allowed the group to implement the sanctions while maintaining our normal course of business.

As a result of the sanctions, blocked coupon payments and redemptions owed to sanctioned entities continue to accumulate on Euroclear Bank’s balance sheet. At the end of June 2025, Euroclear Bank’s balance sheet totalled €229 billion, of which €194 billion relate to sanctioned Russian assets.

In line with Euroclear’s risk appetite and policies and as expected by the EU Capital Requirements Regulation, Euroclear’s cash balances are re-invested to minimise risk and capital requirements. In the first half of 2025, interest arising on cash balances from Russian-sanctioned assets was approximately €2.7 billion.

Euroclear continues to act prudently and to strengthen its capital by retaining the remainder of the Russian sanction related profits as a buffer against current and future risks. Euroclear is focused on minimising potential legal, financial, and operational risks that may arise for itself and its clients, while complying with its obligations.

As a direct consequence of the sanctions and countermeasures, Euroclear faces multiple proceedings in Russian courts. Since Russia considers international sanctions against public order, Russian claimants initiated legal proceedings aiming mainly to access assets blocked in Euroclear Bank’s books, by claiming an equivalent amount in Russian Ruble and enforcing their claim in Russia. Despite all legal actions taken by Euroclear and the considerable resources mobilised, the probability of unfavourable rulings in Russian courts is high since Russia does not recognise the international sanctions.

 

Annexes

Cash balances related to Russian sanctions

Euroclear reports robust H1 2025 results
Euroclear reports robust H1 2025 results

 

Business as usual cash balances

Euroclear reports robust H1 2025 results
Euroclear reports robust H1 2025 results

 

Euroclear Bank and Euroclear Holding are the two group issuing entities. The Q2 2025 summary income statements and financial positions for both entities are shown below.

Euroclear reports robust H1 2025 results
Euroclear reports robust H1 2025 results

 

Euroclear reports robust H1 2025 results
Euroclear reports robust H1 2025 results

 

About Euroclear
Euroclear group is the financial industry’s trusted provider of post trade services. Guided by its purpose, Euroclear innovates to bring safety, efficiency, and connections to financial markets for sustainable economic growth. Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities and derivatives, and investment funds. As a proven, resilient capital market infrastructure, Euroclear is committed to delivering risk-mitigation, automation, and efficiency at scale for its global client franchise. The Euroclear group comprises Euroclear Bank, the International CSD, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & International.

 

1 Excluding Russian sanctions impacts
2 Non-recurring items include transformation costs (provision for early retirement plan and spend effectiveness programme), acquisition and disposal related costs (Inversis, MFEX), donation to Euroclear Foundation.
3 Pre 10:1 share split as of July 1, 2025
4 Based on estimated RWA of around €14.3 billion (of which around €6.1 billion of RWA are related to Russian assets) and CET1 capital of around €8.7 billion

Contact:
Pascal Brabant,
pascal.brabant@euroclear.com,
+32 475 78 36 62