VICTORIA, Seychelles, June 25 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world’s largest Universal Exchange (UEX), has introduced major upgrades to its CFD Copy Trading system, giving followers greater control over risk management through new position sizing models, independent take-profit and stop-loss settings, and advanced exposure controls.
Copy trading has become one of the most popular ways for users to participate in financial markets, allowing traders to replicate the strategies of experienced market participants. However, as adoption has grown, many users have encountered challenges associated with traditional copy trading models, particularly when differences in risk tolerance and trading style create unintended exposure.
To address these concerns, Bitget’s latest upgrade introduces two new position sizing models. Under Fixed Ratio mode, position sizes are automatically adjusted according to the relative account equity of the follower and the trader being copied, reducing the risks associated with capital mismatches. Fixed Lot mode allows followers to define a predetermined position size for every copied trade, giving users more direct control over their exposure regardless of the trader’s order size.
The update also introduces independent take-profit and stop-loss settings for followers, allowing users to establish personal risk thresholds separate from those of the trader they follow. Once a predefined profit or loss level is reached, positions can be automatically closed based on the follower’s individual settings. Additional controls, including maximum copy lot limits and custom lot multipliers, provide further flexibility for both new and experienced users.
“Copy trading does mean giving up control of your account,” said Gracy Chen, CEO of Bitget. “As users become more sophisticated, they want the ability to benefit from experienced traders while managing risk according to their own objectives. This upgrade shifts copy trading from simple strategy replication toward a more personalized and controlled trading experience.”
The enhancements were developed in response to user feedback and reflect a broader industry shift toward more flexible risk management tools. As traders increasingly participate across crypto and traditional financial markets, demand continues to grow for products that balance accessibility with greater control over capital allocation and risk exposure.
The launch follows Bitget’s continued expansion of its CFD offering within the Universal Exchange ecosystem, which brings together crypto, stocks, commodities, foreign exchange products, and derivatives through a unified trading environment. Earlier this month, Bitget was recognized as the “Best Global Multi-Asset Trading Platform” at the Online Trading Expo, marking the company’s first award in the CFD sector and reflecting growing industry recognition of its multi-asset trading strategy. By strengthening risk management capabilities within copy trading, Bitget continues enhancing the tools and infrastructure available to traders participating across global markets.
For more information, visit here.
About Bitget
Bitget is the world’s largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry’s lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/358c49ac-5ffa-43e6-9ee7-357f2d796ba1
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Thursday, June 25, 2026
ABAXX EXCHANGE ADDS YONGAN INTERNATIONAL SG AS CLEARING, TRADING MEMBER
KUALA LUMPUR, June 25 (Bernama) -- Abaxx Technologies Inc (Abaxx) announced that Yongan International Financial (Singapore) Pte Ltd (Yongan International SG) will begin offering trading and clearing access to clients on Abaxx Exchange from June 29.
In a statement, the company said Yongan International SG, a Singapore-based futures brokerage, has been approved as a clearing member of Abaxx Clearing and a trading member of Abaxx Exchange.
Abaxx Exchange Chief Executive Officer (CEO), Nancy Seah said Yongan International SG's participation strengthens the exchange's clearing network and supports broader access to risk management tools for regional commodities markets.
Meanwhile, Yongan International SG CEO, Josh Qiao said the membership will provide clients with access to contracts designed to support risk management and price discovery across energy, metals and industrial supply chains.
According to Abaxx, the membership enables Yongan International SG to provide commercial hedgers and institutional clients across Hong Kong and Asia with direct access to the exchange's energy, environmental, battery materials and precious metals markets.
Abaxx said the approval makes Yongan International SG the first Chinese-backed futures firm able to both trade and clear products listed on Abaxx Exchange.
Yongan International SG is a wholly owned subsidiary of Xin Yongan International Financial Holdings Ltd in Hong Kong, which is a subsidiary of Yongan Futures Co Ltd.
Abaxx Technologies is a financial software and market infrastructure company and the majority shareholder of Abaxx Singapore Pte Ltd, which operates Abaxx Exchange and Abaxx Clearing in Singapore.
-- BERNAMA
In a statement, the company said Yongan International SG, a Singapore-based futures brokerage, has been approved as a clearing member of Abaxx Clearing and a trading member of Abaxx Exchange.
Abaxx Exchange Chief Executive Officer (CEO), Nancy Seah said Yongan International SG's participation strengthens the exchange's clearing network and supports broader access to risk management tools for regional commodities markets.
Meanwhile, Yongan International SG CEO, Josh Qiao said the membership will provide clients with access to contracts designed to support risk management and price discovery across energy, metals and industrial supply chains.
According to Abaxx, the membership enables Yongan International SG to provide commercial hedgers and institutional clients across Hong Kong and Asia with direct access to the exchange's energy, environmental, battery materials and precious metals markets.
Abaxx said the approval makes Yongan International SG the first Chinese-backed futures firm able to both trade and clear products listed on Abaxx Exchange.
Yongan International SG is a wholly owned subsidiary of Xin Yongan International Financial Holdings Ltd in Hong Kong, which is a subsidiary of Yongan Futures Co Ltd.
Abaxx Technologies is a financial software and market infrastructure company and the majority shareholder of Abaxx Singapore Pte Ltd, which operates Abaxx Exchange and Abaxx Clearing in Singapore.
-- BERNAMA
USERCENTRICS: OVER HALF CONSUMERS WILL PAY PREMIUM FOR AI TRANSPARENCY
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| Over Half of Consumers Will Pay More for Brands That Are Transparent About AI Data Use, New Usercentrics Research Finds |
KUALA LUMPUR, June 25 (Bernama) -- Over half (52 per cent) of consumers globally are willing to pay more for brands that are transparent about how they use artificial intelligence (AI) with their data, accepting an average premium of seven per cent, according to the second annual State of Digital Trust 2026 Report commissioned by Usercentrics.
Germany recorded the highest level of willingness to pay for AI transparency, with 73 per cent of consumers prepared to pay a nine per cent premium. In contrast, Italy recorded the lowest average premium at five per cent, although 42 per cent of consumers said they would pay more for AI transparency.
“Consumers are making purchasing decisions based on how brands handle their data, and over half are willing to pay more to the ones that get it right.
“The brands that move first will not just earn the premium. They will earn a category position that is almost impossible to compete against once it is established,” said Usercentrics Strategy & Market Intelligence representative, Tilman Harmeling in a statement.
The report also found that 47 per cent of consumers surveyed had taken at least one action with direct revenue implications in the past six months due to concerns about how their data was being used in AI, including cancelling a subscription, switching to a competitor or reducing their spending.
Consumers have increasingly shifted from passive acceptance to active decision-making, driven by a steady accumulation of data breaches, AI training controversies and cookie banner enforcement actions.
The findings further revealed that 71 per cent of consumers consider AI-driven personalisation intrusive, while 48 per cent click “accept all” on cookie banners less frequently than they did three years ago, up from 46 per cent in 2025. Privacy-aware consumers were also found to be nearly three times more comfortable with personalised online experiences than those who were less aware of privacy issues.
Conducted by Sapio Research, the survey polled 11,000 consumers across seven markets, namely the United Kingdom, the United States, Germany, Spain, Italy, the Netherlands, and Sweden, with fieldwork conducted in March 2026.
-- BERNAMA
Tuesday, June 23, 2026
ATEIOS SYSTEMS ACHIEVES INTERTEK PFAS-FREE CERTIFICATION FOR RAICORE PORTFOLIO
KUALA LUMPUR, June 24 (Bernama) -- Ateios Systems, a United States (US)-based advanced battery electrode manufacturer, announced that its full RaiCore composite portfolio has been certified per- and polyfluoroalkyl substances (PFAS)-Free by Intertek Sustainability.
Spanning LCO, NMC and LFP cathodes as well as graphite anodes, the certification marks a significant milestone for the battery industry, according to Ateios Systems in a statement.
Issued under Intertek certificate PF-10025-2026a and valid through April 29, 2027, the certification requires Total Organic Fluorine to remain below 20 milligrammes per kilogramme (mg/kg), as measured under ASTM D7359-23.
The certified products are listed in the public Intertek Sustainability Certification Directory, providing customers with a verifiable reference. Samples for testing and certification were supported by NSF Energy Storage Engine funding.
“Battery manufacturers no longer must choose between performance and compliance. Our pilots with leading OEMs confirm RaiCore electrodes exceed PVDF-based materials across every key metric.
“This certification provides procurement and sustainability teams with the independent verification,” said Ateios Systems Chief Executive Officer, Rajan Kumar.
For decades, lithium-ion manufacturers have relied on fluorinated binders such as polyvinylidene fluoride (PVDF) and polytetrafluoroethylene (PTFE) for their chemical stability. However, PFAS, commonly known as “forever chemicals”, persist in the environment and have been linked by health authorities to a range of health concerns.
As PFAS regulations tighten globally, fluorinated materials are expected to increase costs related to regulatory testing, restricted-substance reporting, emissions controls, supplier audits and liability management. These risks are particularly significant in the battery sector, where product lifecycles are long and requalification processes can be costly.
The company said PFAS-free status is increasingly becoming a condition of sale, with original equipment manufacturers (OEMs) incorporating restricted-substance requirements into supplier qualifications, while ecolabels such as EPEAT recognise PFAS as chemicals of concern. In addition, government purchasers in the US and the European Union are linking procurement eligibility to similar standards.
-- BERNAMA
Spanning LCO, NMC and LFP cathodes as well as graphite anodes, the certification marks a significant milestone for the battery industry, according to Ateios Systems in a statement.
Issued under Intertek certificate PF-10025-2026a and valid through April 29, 2027, the certification requires Total Organic Fluorine to remain below 20 milligrammes per kilogramme (mg/kg), as measured under ASTM D7359-23.
The certified products are listed in the public Intertek Sustainability Certification Directory, providing customers with a verifiable reference. Samples for testing and certification were supported by NSF Energy Storage Engine funding.
“Battery manufacturers no longer must choose between performance and compliance. Our pilots with leading OEMs confirm RaiCore electrodes exceed PVDF-based materials across every key metric.
“This certification provides procurement and sustainability teams with the independent verification,” said Ateios Systems Chief Executive Officer, Rajan Kumar.
For decades, lithium-ion manufacturers have relied on fluorinated binders such as polyvinylidene fluoride (PVDF) and polytetrafluoroethylene (PTFE) for their chemical stability. However, PFAS, commonly known as “forever chemicals”, persist in the environment and have been linked by health authorities to a range of health concerns.
As PFAS regulations tighten globally, fluorinated materials are expected to increase costs related to regulatory testing, restricted-substance reporting, emissions controls, supplier audits and liability management. These risks are particularly significant in the battery sector, where product lifecycles are long and requalification processes can be costly.
The company said PFAS-free status is increasingly becoming a condition of sale, with original equipment manufacturers (OEMs) incorporating restricted-substance requirements into supplier qualifications, while ecolabels such as EPEAT recognise PFAS as chemicals of concern. In addition, government purchasers in the US and the European Union are linking procurement eligibility to similar standards.
-- BERNAMA
Monday, June 22, 2026
Straive Acquires NextGen Invent to Boost Data & AI Operationalization Capabilities
NEW YORK, June 22 (Bernama-BUSINESS WIRE) -- Straive, a global leader in Data & AI operationalization, today announced its acquisition of NextGen Invent, an AI engineering and enterprise services provider.
NextGen Invent combines data and AI engineering with domain expertise to deliver tailored business solutions for clients across various industries, including Life Sciences, and Manufacturing. The company has offices in New York (USA) and Noida (India).
“Straive helps clients build and run AI that replaces and transforms the legacy enterprise. NextGen Invent’s hands-on experience in developing AI solutions and deploying them to transform and automate complex industry-specific workflows fits very well with Straive’s focus on Data & AI Operationalization. Together, we help clients break free from the costly AI experimentation cycle and rapidly operationalize AI to deliver measurable business impact,” said Ankor Rai, Chief Executive Officer at Straive.
"By bringing NextGen Invent’s forward-deployed engineers into the Straive fold, we will be accelerating our ability to land and seamlessly scale up to build, run, and transform our clients’ business priorities. Their vertical expertise in Life Sciences and Manufacturing will help clients accelerate delivery, improve data reliability, and operationalize AI at scale,” added Namit Sureka, President & Chief Analytics & AI Officer at Straive.
Reflecting on this milestone, Deepak Mittal, Founder & CEO at NextGen Invent, said: “We share a common vision of helping organizations thrive in an AI-first world. By combining our strengths, we bring industry expertise in AI strategy, scalable AI enablement, governance, and modern data platforms. Backed by strong thought leadership, we help businesses move from intent to impact and from strategy to execution, with global reach.”
Novistra Capital acted as the exclusive sell-side advisor to NextGen Invent.
About Straive
Straive is a leader in Data and AI Operationalization, helping global clients build and run AI-powered solutions that replace and transform the legacy enterprise, combining AI engineering, data expertise, and deep domain knowledge. Straive enables organizations to move rapidly from AI experimentation to measurable business impact.
Serving clients across Financial & Information Services, Healthcare & Life Sciences, Retail, Technology & Media, Logistics & Manufacturing, Education, and Research, Straive operates globally through delivery teams spanning the Americas, Europe, Africa, and Asia. Straive is owned by EQT, a purpose-driven global investment organization focused on active ownership strategies.
For more information about Straive, please visit www.straive.com.
About NextGen Invent
NextGen Invent, an AI enablement and technology services company with offices in New York (USA) and Noida (India), focuses on delivering transformative outcomes through Strategy, AI Enablement, and Technology Transformation across Healthcare, Life Sciences, and Logistics & Manufacturing.
The company brings expertise in Generative and Agentic AI, intelligent automation, anchored by foundational strengths in data analytics, cloud modernization, and digital product development. The company is known for its forward-deployed AI model, agile delivery, thought leadership, and a highly collaborative approach that places engineering excellence close to client challenges and outcomes.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260618316051/en/
Contact
For media queries, contact: Vijay Nair (vijay.nair@straive.com)
Source : Straive
--BERNAMA
NextGen Invent combines data and AI engineering with domain expertise to deliver tailored business solutions for clients across various industries, including Life Sciences, and Manufacturing. The company has offices in New York (USA) and Noida (India).
“Straive helps clients build and run AI that replaces and transforms the legacy enterprise. NextGen Invent’s hands-on experience in developing AI solutions and deploying them to transform and automate complex industry-specific workflows fits very well with Straive’s focus on Data & AI Operationalization. Together, we help clients break free from the costly AI experimentation cycle and rapidly operationalize AI to deliver measurable business impact,” said Ankor Rai, Chief Executive Officer at Straive.
"By bringing NextGen Invent’s forward-deployed engineers into the Straive fold, we will be accelerating our ability to land and seamlessly scale up to build, run, and transform our clients’ business priorities. Their vertical expertise in Life Sciences and Manufacturing will help clients accelerate delivery, improve data reliability, and operationalize AI at scale,” added Namit Sureka, President & Chief Analytics & AI Officer at Straive.
Reflecting on this milestone, Deepak Mittal, Founder & CEO at NextGen Invent, said: “We share a common vision of helping organizations thrive in an AI-first world. By combining our strengths, we bring industry expertise in AI strategy, scalable AI enablement, governance, and modern data platforms. Backed by strong thought leadership, we help businesses move from intent to impact and from strategy to execution, with global reach.”
Novistra Capital acted as the exclusive sell-side advisor to NextGen Invent.
About Straive
Straive is a leader in Data and AI Operationalization, helping global clients build and run AI-powered solutions that replace and transform the legacy enterprise, combining AI engineering, data expertise, and deep domain knowledge. Straive enables organizations to move rapidly from AI experimentation to measurable business impact.
Serving clients across Financial & Information Services, Healthcare & Life Sciences, Retail, Technology & Media, Logistics & Manufacturing, Education, and Research, Straive operates globally through delivery teams spanning the Americas, Europe, Africa, and Asia. Straive is owned by EQT, a purpose-driven global investment organization focused on active ownership strategies.
For more information about Straive, please visit www.straive.com.
About NextGen Invent
NextGen Invent, an AI enablement and technology services company with offices in New York (USA) and Noida (India), focuses on delivering transformative outcomes through Strategy, AI Enablement, and Technology Transformation across Healthcare, Life Sciences, and Logistics & Manufacturing.
The company brings expertise in Generative and Agentic AI, intelligent automation, anchored by foundational strengths in data analytics, cloud modernization, and digital product development. The company is known for its forward-deployed AI model, agile delivery, thought leadership, and a highly collaborative approach that places engineering excellence close to client challenges and outcomes.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260618316051/en/
Contact
For media queries, contact: Vijay Nair (vijay.nair@straive.com)
Source : Straive
--BERNAMA
Thursday, June 18, 2026
JTB TO ACQUIRE ASIA DMC OPERATOR EXO TRAVEL
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| JTB to Acquire Asian DMC Leader EXO Travel for Accelerated Global Growth |
KUALA LUMPUR, June 19 (Bernama) -- JTB Corp has agreed to acquire all shares of Bangkok-based EXO Travel Group through a group company in the Asia-Pacific (APAC) region, strengthening its destination management capabilities and expanding its global travel network.
EXO Travel, operated by All Wise Holdings Pte Ltd, is a destination management company (DMC) focused on the business-to-business travel market across APAC. The company has built a strong presence over more than three decades, particularly among travel partners in Europe, North America and Australia.
In a statement, JTB said the acquisition supports its strategy of transforming from a Japan-centric business model into a globally connected network, enabling further growth under its "Departing Globally, Arriving Globally" initiative.
The company said EXO Travel's customer base in key long-haul markets and its destination management infrastructure across Asia would complement JTB's existing operations and enhance its ability to serve international travellers.
JTB added that the combination of EXO Travel's expertise in intra-Asia travel and the inbound tourism capabilities of JTB Global Marketing & Travel would help improve customer experiences and support growing demand for multi-destination travel across the region.
The acquisition is also expected to strengthen JTB's outbound travel business from Europe, North America and Australia to Asia, including Japan, while creating operational synergies through the integration of sales, marketing and operational functions.
Founded in 1993, EXO Travel is a destination management company operating across Asia and serving travel partners in Europe, North America and Australia.
JTB Corp, founded in 1912, is one of Japan's largest travel and tourism groups, providing leisure, corporate and educational travel services through a global network spanning 37 countries and regions.
-- BERNAMA
Wednesday, June 17, 2026
Bitget Launches Community Product Officer Program With Up to 3,000 USDT in Rewards
VICTORIA, Seychelles, June 18 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world’s largest Universal Exchange (UEX), has launched the Bitget Community Product Officer Program, a new initiative designed to bring users closer to the product development process and create a direct channel between the community and Bitget’s product teams. Built around, “You speak, we build,” the program invites users to share feedback, test features, submit ideas, ultimately helping shape future product development across the Bitget ecosystem.
Running from June 15 to June 26, the first phase of the program encourages participants to contribute product suggestions, experience reports, strategy-sharing content, and feature feedback. Contributions will be evaluated based on originality, product value, practical insights, and potential impact on the user experience.
Participants will compete for a range of rewards, including three Star Product Experience Officer awards worth between 1,000 and 3,000 USDT each. Additional prizes include Best Product Ideas awards worth 100 USDT each, Best Product Experience Report awards worth 50 USDT each, and Best Strategy Sharing awards worth 20 USDT each. Community participants will also be eligible for random airdrops, merchandise and contribution rewards throughout the campaign.
“Some of the best product ideas come from the people using the platform every day because they’re the ones experiencing the friction firsthand,” said Gracy Chen, CEO of Bitget. “Crypto has always been built on participation, and some of the strongest products in this industry are shaped through open dialogue with the community. The Community Product Officer Program creates a direct channel for users to share ideas, challenge assumptions and be part of building a better platform together.”
Beyond cash rewards, the initiative creates a long term pathway for community members to contribute directly to Bitget’s product evolution. Through Bitget Fan Club, the company has already seen how engaged users can help strengthen communities, surface valuable feedback and improve the user experience. The Community Product Officer Program builds on that foundation by creating a closer connection between users and product teams, giving contributors greater opportunities to shape the features and tools they want to see on the platform.
The launch reflects Bitget’s continued focus on community-led innovation as the platform expands across crypto, tokenized assets, equities, commodities, AI-powered trading tools, and multi-asset services. By opening more of the product development process to users, Bitget aims to strengthen the connection between product builders and the communities they serve.
The Bitget Community Product Officer Program is now open to eligible participants worldwide.
To become a Community Product Officer, visit here, learn more about the program here.
About Bitget
Bitget is the world’s largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry’s lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/02d967cb-2f38-4fdb-83f7-5e2d5b5abcc7
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Tuesday, June 16, 2026
Last Chance to Be a Part of K-Startup Grand Challenge 2026, Application Closes on June 17
Applications for K-Startup Grand Challenge 2026 close on June 17, offering global startups the opportunity to join South Korea’s flagship government-backed acceleration program. (Image: KSGC)
SEOUL, South Korea, June 16 (Bernama-BUSINESS WIRE) -- While most acceleration programs offer exposure, KSGC 2026 delivers something harder to find: actual business momentum in Korea through deal meetings, capital conversations, and corporate partnerships that translate into revenue and growth.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260615948337/en/
That distinction has drawn 21,537 applicants since 2016, making KSGC, now in its 11th year, the most successful consequential inbound program in Asia.
Where Deals Get Made
KSGC provides potential collaborations to selected startups with 20+ of Korea’s leading conglomerates for structured Proof-of-Concept (PoC) engagements, offering co-development opportunities with industry leaders seeking innovation partners. A single PoC in Korea can open an entire regional supply chain.
Alongside PoC, KSGC facilitates continuous business matchmaking throughout the program, including targeted introductions to corporates, distributors, and strategic partners across AI, biotech, fintech, smart manufacturing, mobility, and energy.
Where Capital Meets Founders
At COMEUP 2026, South Korea’s largest startup festival, KSGC participants pitch before Korea’s most active venture capital and CVC investors, with follow-on conversations facilitated by KSGC organizers. Exclusive private IR sessions bring founders face-to-face with leading VCs and CVCs, offering a level of investor access few programs in Asia can replicate.
Where the Numbers Speak
KSGC 2026 distributes KRW380 million in equity-free prize money to the top 20 teams and KRW250 million in scale-up grants to the top 8. With participation and commercialization support included, total equity-free backing reaches up to KRW950 million.
Korea as the Entry Point for Asia
For global startups, KSGC is not the destination. It is where the Asia chapter begins. The corporate networks, investor relationships, and market credibility built through the program become the foundation for expansion across Japan, Southeast Asia, and beyond. KSGC alumni have gone on to establish Korean entities, secure enterprise contracts, and raise follow-on capital across the broader region.
Open to non-Korean-founded startups under seven years old (ten for deep-tech), across any industry. No Korean entity required.
Phase 1 is conducted 100% online, with 80 teams selected to participate in the program. Applications close June 17, and interested startups should apply without delay.
Applications close June 17, 2026 (15:00 GMT+9). Apply at ksgc.global or contact apply@ksgc.global.
About KSGC
Funded by MSS, managed by KISED, operated by GCCEI. Since its launch in 2016, helping hundreds of international startups build a commercial presence in Korea and Asia.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260615948337/en/
Contact
KISED
apply@ksgc.global
Source : K-Startup Grand Challenge
Saturday, June 13, 2026
Mavenir, O2 Trial Technology To Improve Calls For People With Hearing Loss
KUALA LUMPUR, June 11 (Bernama) -- Mavenir has partnered with Virgin Media O2 on a proof-of-concept trial of network-based technology designed to improve phone call clarity for people with hearing loss, with nearly 90 per cent of participants reporting clearer calls.
According to Mavenir in a statement, the technology generates personalised hearing profiles through an automated hearing test and adjusts call audio in real time within O2's network, allowing users to make and receive calls on their existing devices without additional applications or hardware.
The company said the optimisation takes place within the mobile network rather than on a device, enabling users to continue using their existing phone numbers and handsets while benefiting from enhanced audio tailored to their hearing needs.
Mavenir Senior Vice President & General Manager, Cloud, AI & IMS Business Strategy, Brandon Larson said the trial demonstrated how core mobile networks could be used to develop new services and improve customer experiences.
Meanwhile, Virgin Media O2 Director of Core Networks, Jorge Ribeiro said the trial showed how network intelligence could be used to improve accessibility for people with hearing loss without requiring customers to change how they use their phones.
“We are encouraged by the early results from this proof-of-concept and are excited to explore how this type of technology could support more accessible services for our customers in future,” said Ribeiro.
Following the trial, participants reported clearer conversations, fewer misunderstandings, reduced listening effort and a more natural calling experience, demonstrating the potential of network-based technology to improve accessibility for people with hearing loss.
-- BERNAMA
Friday, June 12, 2026
MCC Announces First Quarter 2026 Financial Results Conference Call
KUALA LUMPUR, June 8 (Bernama) -- Multi-Color Corporation (MCC), a leader in prime label solutions, is holding its first quarter 2026 financial results conference call on June 8 to discuss the company's performance for the quarter ended March 31.
Existing and prospective investors may access the investor data site, where the live link to the financial results call will be made available.
MCC in a statement said a recording of the call will subsequently be posted on its secure investor data site.
Access to the call is restricted to holders of securities issued by Labels Buyer LLC and its subsidiaries, qualified prospective investors, and certain securities analysts and market makers who have registered for access.
Based in Atlanta, MCC provides label solutions to national and international brand owners through a portfolio of pressure-sensitive, cut-and-stack, roll-fed, in-mould, shrink-sleeve and heat-transfer label technologies.
-- BERNAMA
Thursday, June 11, 2026
Bitget Makes Professional US Stock Market Data Free
VICTORIA, Seychelles, June 12 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world’s largest Universal Exchange (UEX), has introduced free Level 2 market data for US stocks, becoming one of the first trading platforms to offer professional-grade market depth information to eligible users at no additional cost.
Level 2 market data has historically been associated with professional trading desks and institutional participants due to the cost of exchange data licensing. By making these tools available to eligible users at no additional cost, Bitget is lowering one of the longstanding barriers between retail and professional market access, while providing deeper visibility into order flow and liquidity conditions.
The feature provides access to Nasdaq TotalView and Blue Ocean market data feeds, offering up to 40 levels of bid and ask depth, depth charts, and real-time trade information across US pre-market, regular trading hours, after-hours, and overnight sessions. Eligible users who qualify for VIP 1 through trading volume or VIP 3 through asset holdings can access the service free of charge, amounting to annual savings of up to $276 compared with traditional market data subscriptions.
The launch follows the announcement of Bitget's Stocks 2.0, which has expanded access to equities, ETFs, stock perpetuals, tokenized assets, and multi-asset trading tools. As the lines between crypto and traditional markets continue to blur, traders increasingly expect the same level of market intelligence and execution tools regardless of asset class.
“Crypto makes financial opportunities more open and accessible,” said Gracy Chen, CEO of Bitget. “In traditional markets, data and insights come at a premium. We’re eradicating that by making professional grade stock market data available to our users, who can now access tools that were once limited to a small segment of the market.”
This further expands Bitget's Universal Exchange vision, where crypto assets and tokenized financial instruments live together, operating within a unified trading environment. By combining professional-grade market infrastructure with multi-asset access, Bitget continues building toward a trading experience where users can navigate global markets from a single platform.
For more information, visit here.
About Bitget
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A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6d83c5a1-52e2-4800-bed7-53748ef2b0d9
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
SMARTSTREAM CUTS CTSL RECONCILIATION TIME TO UNDER FIVE MINUTES
KUALA LUMPUR, June 11 (Bernama) -- Smartstream, a data solutions provider, announced that Comrade Trustee Services Limited (CTSL) has gone live with Smartstream’s Air, the artificial intelligence (AI) reconciliation and data automation solution, reducing processing times from eight hours to under five minutes.
In a statement, Smartstream said the implementation delivers a fully automated, straight-through reconciliation workflow, enabling CTSL to improve operational efficiency, accuracy and auditability.
“This go-live demonstrates how AI-driven data automation can address complex data structures and file formats, delivering measurable efficiency gains and improved accuracy. We look forward to continuing our partnership with CTSL as their needs evolve,” said Smartstream Regional Director, APAC, Radha Pillay.
Meanwhile, Comrade Trustee Services General Manager Member Services, Freddy Manihoru said moving to Smartstream’s Air had transformed the company's reconciliation processes.
“What was previously a highly manual and complex process is now fully automated, enabling us to accurately manage our members' contributions and ensure that no contributions are missed or inconsistent,” he said.
According to Smartstream, CTSL operates in a complex data environment, reconciling multiple file types, including fixed-length files and PDFs that require advanced matching logic.
CTSL adopted Air for its ability to handle diverse data structures, custom integrations and ETL-based transformations, delivering high automation and match rates while replacing manual data collection and Excel pre-processing.
Smartstream said Air uses AI to automate reconciliations, improve match rates and provide full auditability across complex and high-volume data environments, supporting scalability, control and operational resilience.
-- BERNAMA
In a statement, Smartstream said the implementation delivers a fully automated, straight-through reconciliation workflow, enabling CTSL to improve operational efficiency, accuracy and auditability.
“This go-live demonstrates how AI-driven data automation can address complex data structures and file formats, delivering measurable efficiency gains and improved accuracy. We look forward to continuing our partnership with CTSL as their needs evolve,” said Smartstream Regional Director, APAC, Radha Pillay.
Meanwhile, Comrade Trustee Services General Manager Member Services, Freddy Manihoru said moving to Smartstream’s Air had transformed the company's reconciliation processes.
“What was previously a highly manual and complex process is now fully automated, enabling us to accurately manage our members' contributions and ensure that no contributions are missed or inconsistent,” he said.
According to Smartstream, CTSL operates in a complex data environment, reconciling multiple file types, including fixed-length files and PDFs that require advanced matching logic.
CTSL adopted Air for its ability to handle diverse data structures, custom integrations and ETL-based transformations, delivering high automation and match rates while replacing manual data collection and Excel pre-processing.
Smartstream said Air uses AI to automate reconciliations, improve match rates and provide full auditability across complex and high-volume data environments, supporting scalability, control and operational resilience.
-- BERNAMA
Monday, June 8, 2026
MAVENIR, TEXTNOW WIN BEST MVNO AND INDUSTRY COLLABORATION AWARD
KUALA LUMPUR, June 9 (Bernama) -- Software company Mavenir and TextNow, an ad-supported wireless service provider in the United States (US), have jointly won the Best MVNO and Industry Collaboration award at the MVNOs World Awards in Amsterdam.
According to a statement, the award recognises the companies' collaboration in redefining real-time entitlement control for freemium, ad-supported and paid mobile services operating at scale across the US and Canada.
“This award is a testament to what becomes possible when BSS and Core are truly integrated. TextNow pushed the boundaries of what an MVNO can be, and Mavenir's architecture rose to meet that ambition,” said Mavenir Chief Executive Officer (CEO), Pardeep Kohli.
Meanwhile, TextNow CEO, Derek Ting said Mavenir's integrated platform gave the company real-time control over the customer experience while improving operating efficiency at scale.
Mavenir's integrated Business Support System (BSS), Converged Charging System (CCS), Packet Core and IP Multimedia Subsystem (IMS) were deployed as a unified control plane, enabling real-time enforcement of entitlement changes such as ad engagement, SIM activation, plan upgrades and quota exhaustion.
The deployment increased eSIM activations from two per cent to 94 per cent of all new activations within six months, while the number of paid wireless subscribers more than doubled year on year.
In addition, the deployment, built on a 5G-first, active-active geo-redundant design, delivers 99.999 per cent availability for carrier-grade operations.
A no-code and low-code configuration model has accelerated time-to-market by decoupling offer creation from engineering cycles, while direct SIM ownership enabled wider eSIM adoption and improved the customer activation process.
-- BERNAMA
NORTH ATLANTIC FRANCE TO LAUNCH TENDER OFFER FOR REMAINING NORTH ATLANTIC ENERGIES SHARES
KUALA LUMPUR, June 8 (Bernama) -- North Atlantic France announced its plans to launch a simplified mandatory tender offer for the remaining shares of North Atlantic Energies that it does not already own, offering 28.93 euros per share. (1 Euro = RM4.66)
The announcement follows North Atlantic France's acquisition of an 82.89 per cent stake in the company, formerly known as Esso S.A.F., which was completed on Nov 28, 2025, at a price of 26.19 euros per share.
In a statement, the company said it will not seek to implement a squeeze-out procedure as part of the offer, allowing remaining shareholders to retain their holdings if they choose not to tender their shares.
North Atlantic France said the offer will be filed with the Autorité des marchés financiers (AMF) after the completion of an independent expert's review.
Offer documentation, including the independent expert's fairness opinion on the financial terms of the transaction, will be submitted to the AMF for approval. The offer will open only after the AMF issues its compliance decision.
North Atlantic France is part of Canada-based North Atlantic, an energy and fuel distribution company with operations spanning fuel retail, wholesale distribution and marine bunkering services.
-- BERNAMA
Sunday, June 7, 2026
Bering Lab Joins AI Accelerate Winter Cohort 2026 To Expand In Southeast Asia
KUALA LUMPUR, June 3 (Bernama) -- Bering Lab has been selected for the AI Accelerate Winter Cohort 2026, a 10-week growth programme run by BLOCK71 Singapore and Microsoft with support from Enterprise Singapore through Digital Industry Singapore (DISG).
According to Bering Lab in a statement, the programme is designed to help high-potential artificial intelligence (AI) startups build traction, drive revenue and secure funding as they scale across Asia.
Through AI Accelerate, Bering Lab will gain access to Microsoft's cloud infrastructure and specialist mentorship, BLOCK71's network of corporate partners and investors, as well as potential grant funding through the Startup SG Tech scheme.
Under the programme, the company aims to deepen product development for Southeast Asian markets and forge partnerships with regional enterprises seeking to streamline their cross-border document workflows.
Bering Lab first gained recognition in Singapore as the first runner-up at the SWITCH 2023 global startup competition, standing out among hundreds of participants for its AI-powered approach to document translation and analysis in regulated sectors.
Since then, the company has expanded its regional presence by establishing entities in Singapore and Hong Kong to serve growing demand for cross-border document processing.
Its flagship platform, BeringAI, combines domain-specialised AI models with intelligent document processing capabilities and serves more than 240 institutional clients across the legal, intellectual property and finance sectors through on-premise and cloud deployment options that meet the stringent security requirements of regulated industries.
The company's technology has also received international recognition, winning top honours at the WMT 2020 and WAT 2021 machine translation competitions.
Bering Lab is also participating in the Echelon Singapore 2026 event on June 3 and 4, where it is scheduled to pitch its AI solutions to global investors and potential ecosystem partners.
-- BERNAMA
CGTN: China-Africa ties at 70: From shared struggles to a common dream of modernization
BEIJING, June 3 (Bernama-GLOBE NEWSWIRE) -- This year marks the 70th anniversary of China-Africa relations. CGTN has published an article highlighting Africa's priority role in China's overall foreign policy, while tracing how the China-Africa partnership has been forged and strengthened over decades. The article also explores how deepening cooperation in recent years has helped enhance the voice and representation of the Global South, and contributed to advancing a more balanced and democratic international order.
As Chinese President Xi Jinping and Egyptian President Abdel-Fattah al-Sisi exchanged congratulatory messages on Saturday to mark the 70th anniversary of China-Egypt ties, the occasion also highlighted a broader milestone: seven decades of China-Africa relations.
Xi noted that over the past 70 years, China-Egypt relations have become a model of amity, solidarity and cooperation among developing countries, as well as a benchmark for cooperation between China and Arab states and between China and Africa.
Today, China-Africa relations have evolved from a friendship forged in shared struggles into a dynamic partnership dedicated to development, modernization and the rise of the Global South.
From solidarity to strategic partnership
The foundations of China-Africa friendship were laid during a period of profound political change.
From the 1950s to the 1970s, China firmly supported African countries in their struggles for national independence and liberation. African nations, in turn, played a decisive role in restoring the lawful seat of the People's Republic of China at the United Nations in 1971. Of the 76 votes cast in favor of the resolution, 26 came from African countries – laying a strong foundation for China-Africa mutual trust.
Earlier this year, Chinese Foreign Minister Wang Yi visited Africa, continuing a 36-year tradition of making the continent the destination of China's foreign minister's first overseas trip each year, highlighting the importance of China-Africa relations.
Over the past two decades, China-Africa cooperation has expanded rapidly. The establishment of the Forum on China-Africa Cooperation (FOCAC) in 2000 provided an institutional framework for cooperation, while China's Africa policy of sincerity, real results, amity and good faith further guided bilateral relations. In 2015, the two sides elevated their ties to a comprehensive strategic cooperative partnership and launched the "Ten Cooperation Plans," setting a strong foundation for rapid modernization across the African continent.
At the 2024 FOCAC summit, China and Africa further upgraded their relationship to an all-weather community with a shared future for the new era. China also expanded duty-free access from 33 African countries to all 53 African countries with diplomatic ties by 2025, becoming the first major economy to grant unilateral zero-tariff treatment across all product categories to every African country with which it has diplomatic relations.
Humphrey Moshi, a prominent Tanzanian economist, described China-Africa cooperation as a significant example of Global South solidarity. He said such solidarity helps transform developing countries from "passive participants" into "active shapers" of international rules.
Advancing modernization through practical cooperation
While political trust forms the foundation of China-Africa relations, economic cooperation has become both the stabilizer and growth engine of the partnership.
According to data released by China's General Administration of Customs, China-Africa trade reached a record $348 billion in 2025, up 17.7% from the previous year, with China remaining Africa's largest trading partner for the 17th consecutive year. The momentum has continued into 2026. In the first quarter alone, China's trade with the African countries totaled 646.56 billion yuan ($92.2 billion), a year-on-year increase of 23.7%.
At the same time, the Belt and Road Initiative has reshaped connectivity across the continent by upgrading the railway system with projects such as the Tazara Railway and the Mombasa-Nairobi Standard Gauge Railway, which are flagship projects that set examples for high-quality Belt and Road cooperation between China and Africa.
According to China's Foreign Ministry, China has signed debt-relief agreements or reached debt-relief understandings with 19 African countries as of 2023, making it the largest contributor to debt-service suspension efforts under the G20 framework.
Meanwhile, China has trained tens of thousands of African professionals through scholarships, vocational training and educational exchange programs. As of June 2025, China has established 17 Luban Workshops across 15 African countries, while the China-Africa university cooperation plan, a higher education initiative pairing Chinese universities with African institutions, has connected 114 higher education institutions.
Paul Frimpong, executive director and senior research fellow of the Africa-China Centre for Policy & Advisory, said China's contribution to Africa's development is increasingly visible.
"China's sharing of knowledge, skills and experience in sectors such as manufacturing and green energy is having a profound impact on Africa's journey toward modernization and self-reliance," he added.
https://news.cgtn.com/news/2026-05-30/China-Africa-ties-at-70-Path-to-a-shared-dream-of-modernization-1NzbT7rDWhy/p.html
CGTN Digital cgtn@cgtn.com
SOURCE: China Global Television Network Corporation
--BERNAMA
Xi noted that over the past 70 years, China-Egypt relations have become a model of amity, solidarity and cooperation among developing countries, as well as a benchmark for cooperation between China and Arab states and between China and Africa.
Today, China-Africa relations have evolved from a friendship forged in shared struggles into a dynamic partnership dedicated to development, modernization and the rise of the Global South.
From solidarity to strategic partnership
The foundations of China-Africa friendship were laid during a period of profound political change.
From the 1950s to the 1970s, China firmly supported African countries in their struggles for national independence and liberation. African nations, in turn, played a decisive role in restoring the lawful seat of the People's Republic of China at the United Nations in 1971. Of the 76 votes cast in favor of the resolution, 26 came from African countries – laying a strong foundation for China-Africa mutual trust.
Earlier this year, Chinese Foreign Minister Wang Yi visited Africa, continuing a 36-year tradition of making the continent the destination of China's foreign minister's first overseas trip each year, highlighting the importance of China-Africa relations.
Over the past two decades, China-Africa cooperation has expanded rapidly. The establishment of the Forum on China-Africa Cooperation (FOCAC) in 2000 provided an institutional framework for cooperation, while China's Africa policy of sincerity, real results, amity and good faith further guided bilateral relations. In 2015, the two sides elevated their ties to a comprehensive strategic cooperative partnership and launched the "Ten Cooperation Plans," setting a strong foundation for rapid modernization across the African continent.
At the 2024 FOCAC summit, China and Africa further upgraded their relationship to an all-weather community with a shared future for the new era. China also expanded duty-free access from 33 African countries to all 53 African countries with diplomatic ties by 2025, becoming the first major economy to grant unilateral zero-tariff treatment across all product categories to every African country with which it has diplomatic relations.
Humphrey Moshi, a prominent Tanzanian economist, described China-Africa cooperation as a significant example of Global South solidarity. He said such solidarity helps transform developing countries from "passive participants" into "active shapers" of international rules.
Advancing modernization through practical cooperation
While political trust forms the foundation of China-Africa relations, economic cooperation has become both the stabilizer and growth engine of the partnership.
According to data released by China's General Administration of Customs, China-Africa trade reached a record $348 billion in 2025, up 17.7% from the previous year, with China remaining Africa's largest trading partner for the 17th consecutive year. The momentum has continued into 2026. In the first quarter alone, China's trade with the African countries totaled 646.56 billion yuan ($92.2 billion), a year-on-year increase of 23.7%.
At the same time, the Belt and Road Initiative has reshaped connectivity across the continent by upgrading the railway system with projects such as the Tazara Railway and the Mombasa-Nairobi Standard Gauge Railway, which are flagship projects that set examples for high-quality Belt and Road cooperation between China and Africa.
According to China's Foreign Ministry, China has signed debt-relief agreements or reached debt-relief understandings with 19 African countries as of 2023, making it the largest contributor to debt-service suspension efforts under the G20 framework.
Meanwhile, China has trained tens of thousands of African professionals through scholarships, vocational training and educational exchange programs. As of June 2025, China has established 17 Luban Workshops across 15 African countries, while the China-Africa university cooperation plan, a higher education initiative pairing Chinese universities with African institutions, has connected 114 higher education institutions.
Paul Frimpong, executive director and senior research fellow of the Africa-China Centre for Policy & Advisory, said China's contribution to Africa's development is increasingly visible.
"China's sharing of knowledge, skills and experience in sectors such as manufacturing and green energy is having a profound impact on Africa's journey toward modernization and self-reliance," he added.
https://news.cgtn.com/news/2026-05-30/China-Africa-ties-at-70-Path-to-a-shared-dream-of-modernization-1NzbT7rDWhy/p.html
CGTN Digital cgtn@cgtn.com
SOURCE: China Global Television Network Corporation
--BERNAMA
Best’s Market Segment Report: AM Best Maintains Outlook on Philippines’ Non-Life Insurance Segment at Stable
SINGAPORE, June 3 (Bernama-BUSINESS WIRE) -- AM Best has maintained its outlook on the Philippines’ non-life insurance segment at stable, citing in part robust growth prospects for the industry driven by economic expansion and a pipeline of large domestic infrastructure projects.
In its new Best’s Market Segment Report, “Market Segment Outlook: Philippines Non-Life Insurance,” AM Best also takes note of the country’s stabilised reinsurance capacity, the emergence of insurance pools to support underwriting capacity at the primary level, and a broadly supportive pricing environment. Another supporting factor is investment income, which is expected to remain bolstered by a robust domestic interest rate environment.
However, offsetting factors include macroeconomic uncertainty, a tighter monetary policy stance, and potential financial market volatility stemming from adverse geopolitical developments. “Another key potential headwind is the increasingly volatile weather conditions, which are placing significant pressure on non-life insurers and contributing to greater volatility in underwriting results,” said Susan Tan, senior financial analyst at AM Best and one of the authors of the outlook.
The Philippines’ economy is expected to grow at a rate of 4.1% in 2026, according to the International Monetary Fund. This marks a 1.5% decrease from a projection that the organisation issued in January.
The country’s non-regulatory landscape continues to develop, with a focus on financial resilience, transparency, and stricter accountability for public infrastructure risk. The mandatory adoption of Philippine Financial Reporting Standard 17 (PFRS 17), the Philippine equivalent of IFRS 17, remains on track for implementation on Jan. 1, 2027. In a move expected to have positive implications for capital management, the country’s Insurance Commission has expanded its definition of “admitted assets” to include real estate investment trusts (REITs) and selected structured products. This is expected to provide insurers with greater flexibility to meet their risk-based capital requirements.
According to the report, the Philippines’ non-life market continues to undergo pricing recalibration, particularly in property lines, driven by the need to address persistent inflation, rising claims costs, and the increasing frequency and severity of climate-related risks. “As a result, insurers are adopting more disciplined underwriting practices, emphasising stricter risk selection and data-driven pricing to better align premiums with underlying exposures,” said Victoria Ohorodnyk, senior director, AM Best.
While premium growth is positive, profitability remains exposed to volatility due to the country’s high exposure to natural catastrophes, such as typhoons, floods and earthquakes. The increase in net retention of catastrophe risks by primary insurers over recent periods has been a strategic response to balance high reinsurance costs with profitability targets.
To access a complimentary copy of this report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=365204.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260528606476/en/
Contact
Susan Tan
Senior Financial Analyst
+65 6303 5023
susan.tan@ambest.com
Victoria Ohorodnyk
Senior Director, Analytics
+65 6303 5020
victoria.ohorodnyk@ambest.com
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com
Cynthia Ang
Senior Industry Research Analyst
+65 6303 5026
cynthia.ang@ambest.com
Source : AM Best
--BERNAMA
Friday, June 5, 2026
Movement Secures Licensed Payment Rails Access in the US, Canada and EU, Commits to Stablecoin Settlement and Yield Infrastructure for Emerging Markets
Company’s new trajectory targets cross-border payments, remittances, and dollar savings products across emerging markets
SAN FRANCISCO, June 3 (Bernama-GLOBE NEWSWIRE) -- Movement, the stablecoin settlement and yield layer for emerging markets, has secured access to licensed payment rails across the United States, Canada and European Union. The company is committing its full focus to cross-border payments, remittances, and dollar savings products for the markets that the traditional financial system has overlooked.
Remittance flows to low and middle-income countries reached an estimated $685 billion in 2024, according to the World Bank. Yet cross-border payments remain sluggish, labored, and dependent on legacy banking infrastructure. Senders still pay an average of 6.36% per transaction globally, while settlement delays and limited banking access continue to impact consumers and businesses across key remittance corridors.
“Billions of individuals globally are financially disenfranchised and underserved,” said Torab Torabi, CEO of Movement. “In many markets, moving money across borders is still too slow, too expensive, and too inaccessible. Our mission is to marry licensed payment rails with onchain settlement to modernize financial services globally, particularly in emerging markets.”
As part of the business transition, the Movement Network Foundation repurchased approximately 19% of tokens previously allocated to investors, equivalent to 4.2% of total supply, demonstrating its commitment to tokenholders and the long-term mission.
Movement has built a technical framework designed to reduce settlement times and lower the cost of moving money across borders. Through Movement's infrastructure and its licensed-partner network, builders can deploy cross-border payment products, dollar-denominated savings accounts, and real-world-asset yield offerings without relying on correspondent banking systems or pre-funded settlement accounts. This is designed to support compliant financial products at scale for fintech and neobank partners operating across emerging markets.
Several partners are already building on the Movement Network today:
Remittance flows to low and middle-income countries reached an estimated $685 billion in 2024, according to the World Bank. Yet cross-border payments remain sluggish, labored, and dependent on legacy banking infrastructure. Senders still pay an average of 6.36% per transaction globally, while settlement delays and limited banking access continue to impact consumers and businesses across key remittance corridors.
“Billions of individuals globally are financially disenfranchised and underserved,” said Torab Torabi, CEO of Movement. “In many markets, moving money across borders is still too slow, too expensive, and too inaccessible. Our mission is to marry licensed payment rails with onchain settlement to modernize financial services globally, particularly in emerging markets.”
As part of the business transition, the Movement Network Foundation repurchased approximately 19% of tokens previously allocated to investors, equivalent to 4.2% of total supply, demonstrating its commitment to tokenholders and the long-term mission.
Movement has built a technical framework designed to reduce settlement times and lower the cost of moving money across borders. Through Movement's infrastructure and its licensed-partner network, builders can deploy cross-border payment products, dollar-denominated savings accounts, and real-world-asset yield offerings without relying on correspondent banking systems or pre-funded settlement accounts. This is designed to support compliant financial products at scale for fintech and neobank partners operating across emerging markets.
Several partners are already building on the Movement Network today:
- KAST: More than 18,000 verified users have joined through Movement-powered products across more than 160 countries.
- Circle / USDCx: USDCx launched as a natively issued stablecoin on the Movement Network, backed 1:1 by native USDC and designed to support payments, treasury, and savings products built by partners.
- Avant Protocol: Avant selected the Movement Network to support yield and treasury products, including periods of elevated redemption activity earlier this year.
- Sorted Wallet: Movement Network Foundation participated in Sorted Wallet's $4.4M seed round alongside Tether and Gnosis, backing a non-custodial crypto wallet built for feature phones with 500,000+ downloads across 160 countries and active users in Kenya, Nigeria, Tanzania, and Pakistan.
- Yuzu Money: Yuzu Money will serve as a curator on the Movement Network’s Canopy savings platform, delivering conservative USD yield through T-bills and AAA CLOs for neobank and fintech partners.
- Oro: Oro, an onchain gold tokenization platform, is integrating with the Movement Network as its first cross-chain vault, bringing yield-generating gold vaults and physical redemption infrastructure to Movement's emerging markets partners.
- Zoth: Movement has invested in Zoth, integrating its RWA yield infrastructure natively on the Movement Network to give partners access to institutional-grade, dollar-denominated yield products backed by investment-grade assets.
Movement’s infrastructure stack in conjunction with the Movement Network includes payments, treasury, savings, and liquidity products intended to give partners a single integration layer for financial services across emerging markets. The company, along with the Movement Network Foundation is also evaluating treasury and capital allocation initiatives, including additional token repurchase programs, as part of a long-term growth strategy.
For more information on Movement, please visit: MovementNetwork.xyz
About Movement and the Movement Network
Reference to Movement above is to Move Ind. Inc., the core contributor to the Movement Network. The Movement Network is a global settlement and yield layer for stablecoins, built on Move, the programming language Meta developed for financial applications. Move was designed from the ground up to secure financial assets, making it purpose-built for moving real money across borders at scale.
Neobanks, fintechs, and payment platforms build with Movement to settle cross-border transactions instantly. Traditional remittance rails require billions in pre-funded float and take two to five days to clear. Movement reduces that capital overhead and the traditional correspondent bank chain bottlenecks, cutting costs and giving financial institutions infrastructure they can trust.
Movement: Where Money Lives. To learn more, visit MovementNetwork.xyz follow @Movement_xyz on X and connect with Movement on LinkedIn.
Forward-Looking Statements and Acknowledgements
This release contains forward-looking statements regarding Movement’s business strategy, partnerships, regulatory approvals, token-related actions, and future operations. These statements are based on management's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially, including regulatory approval timelines, partner performance, market conditions, token-market dynamics, and other factors. Movement does not undertake any obligation to update forward-looking statements except as required by law. References to ecosystem partners reflect publicly available information and do not constitute endorsements by those partners except where expressly noted. References in this release to "licensed payment rails" refer to access provided through commercial partnerships with licensed money transmitters and e-money institutions in their respective jurisdictions, subject to those partners' program terms and underwriting. Neither Movement nor the Movement Network Foundation is itself licensed as a money transmitter, e-money institution, depository institution, bank, broker-dealer, investment adviser, or investment company. Products and services referenced in this release are operated by independent third parties subject to those parties' own terms, eligibility criteria, and jurisdictional availability. This release is informational only and does not constitute an offer to sell, or a solicitation of an offer to buy, any digital asset, security, financial instrument, investment product, yield-bearing product, or stablecoin, or financial, investment, legal, or tax advice. This release is not directed at, and is not intended for distribution to, persons in jurisdictions where its publication would be unlawful.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6c878a24-2dc3-4d59-95e8-ee768bd0e6bc
Contact:
Carmen Pearson
carmen.pearson@movementlabs.xyz
SOURCE: Move Ind. Inc.
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
For more information on Movement, please visit: MovementNetwork.xyz
About Movement and the Movement Network
Reference to Movement above is to Move Ind. Inc., the core contributor to the Movement Network. The Movement Network is a global settlement and yield layer for stablecoins, built on Move, the programming language Meta developed for financial applications. Move was designed from the ground up to secure financial assets, making it purpose-built for moving real money across borders at scale.
Neobanks, fintechs, and payment platforms build with Movement to settle cross-border transactions instantly. Traditional remittance rails require billions in pre-funded float and take two to five days to clear. Movement reduces that capital overhead and the traditional correspondent bank chain bottlenecks, cutting costs and giving financial institutions infrastructure they can trust.
Movement: Where Money Lives. To learn more, visit MovementNetwork.xyz follow @Movement_xyz on X and connect with Movement on LinkedIn.
Forward-Looking Statements and Acknowledgements
This release contains forward-looking statements regarding Movement’s business strategy, partnerships, regulatory approvals, token-related actions, and future operations. These statements are based on management's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially, including regulatory approval timelines, partner performance, market conditions, token-market dynamics, and other factors. Movement does not undertake any obligation to update forward-looking statements except as required by law. References to ecosystem partners reflect publicly available information and do not constitute endorsements by those partners except where expressly noted. References in this release to "licensed payment rails" refer to access provided through commercial partnerships with licensed money transmitters and e-money institutions in their respective jurisdictions, subject to those partners' program terms and underwriting. Neither Movement nor the Movement Network Foundation is itself licensed as a money transmitter, e-money institution, depository institution, bank, broker-dealer, investment adviser, or investment company. Products and services referenced in this release are operated by independent third parties subject to those parties' own terms, eligibility criteria, and jurisdictional availability. This release is informational only and does not constitute an offer to sell, or a solicitation of an offer to buy, any digital asset, security, financial instrument, investment product, yield-bearing product, or stablecoin, or financial, investment, legal, or tax advice. This release is not directed at, and is not intended for distribution to, persons in jurisdictions where its publication would be unlawful.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6c878a24-2dc3-4d59-95e8-ee768bd0e6bc
Contact:
Carmen Pearson
carmen.pearson@movementlabs.xyz
SOURCE: Move Ind. Inc.
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Thursday, June 4, 2026
Cloudflare Acquires VoidZero to Build the Future of the AI-Native Web
- Acquisition brings Vite, the world’s leading JavaScript build tool, and its core open source team to Cloudflare
- Cloudflare commits $1 million to an independent Vite ecosystem fund to support open source maintainers and contributors
SAN FRANCISCO, June 5 (Bernama-BUSINESS WIRE) -- Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced it has acquired VoidZero, the open source-first company behind the next-generation JavaScript tooling ecosystem Vite. The acquisition will unify VoidZero’s high-performance tooling — including the Vite build tool, Vitest test runner, Rust-based Rolldown bundler and Oxc toolchain — natively into the Cloudflare ecosystem. By merging Cloudflare’s global edge network and Workers developer platform with the modern web's industry-standard toolchain, Cloudflare is creating a frictionless, one-click deployment stack from local code straight to Cloudflare’s global network.
Application development is undergoing a fundamental shift. The rise of autonomous AI coding agents has ushered in an era of rapid application scaffolding where speed and local-to-production predictability are paramount. VoidZero’s toolchain, anchored by Vite, has emerged as the shared substrate for the web ecosystem, capturing over 130 million weekly downloads. The Cloudflare Vite plugin has reached 13.9 million weekly downloads — equivalent to more than 10% of Vite’s entire weekly volume — proving that developers are already choosing this combined stack for AI-coded applications.
"The best engineers I know are shipping more code than ever, and writing less of it by hand. AI is doing more of the typing — so everything around it has to keep up,” said Matthew Prince, co-founder and CEO of Cloudflare. "Evan and his team built Vite from scratch with the same philosophy we used to build Cloudflare: strip out the bloat and make it fast. Bringing them on board gives millions of developers, and the AI agents working alongside them, the fastest path from local code to our global network.”
VoidZero’s team of open source creators and Rust optimization specialists, led by widely recognized Vue.js and Vite creator Evan You, will join Cloudflare’s Emerging Technology and Incubation (ETI) organization. The team will continue to advance VoidZero's open source roadmap while accelerating deep integration with the Cloudflare Workers developer platform.
"Our mission at VoidZero has always been to eliminate the fragmentation and performance bottlenecks of the modern web stack," said Evan You, founder and CEO of VoidZero. "Cloudflare shares our obsession with speed and architectural purity. Joining forces allows us to keep the Vite ecosystem neutral, open, and vendor-agnostic, while giving us the resources and global infrastructure to supercharge the developer experience for millions of engineers worldwide."
By integrating VoidZero’s hyper-performant, Rust-based tooling directly into Cloudflare’s Workers developer platform, Cloudflare will unify the entire software development lifecycle. Developers and autonomous AI agents alike will be able to move from an idea to global production instantly via a native, pluggable vite deploy ecosystem. Through this acquisition, Cloudflare plans to drive a project-centric development paradigm, focusing on three core initiatives:
- Unify the Developer Pipeline: Align the Cloudflare CLI natively with the seamless Vite workflow developers already love, bringing a frictionless end-to-end experience to every creator.
- Enable Intent-Based Infrastructure: Evolve toward a workflow where a single Vite deploy command handles everything. If application logic declares a need for a database or an object store, a Vite application with Cloudflare integration will automatically detect that intent and natively provision Cloudflare resources like D1 or R2 — with no manual dashboard intervention required.
- Maintain Open Source Steward Neutrality: Vite, Rolldown, Oxc, and Vitest will remain open source, vendor-agnostic and community-driven. Vite, Vitest, Rolldown, Oxc, and Vite+ will remain strictly open source under MIT licenses. Cloudflare is committing $1 million to a new independent Vite ecosystem fund to support community maintainers and contributors who are independent of both VoidZero and Cloudflare.
"At Lovable, we are empowering developers to build and deploy full-stack applications at unprecedented scale. An open and predictable toolchain is absolutely critical to that mission. As agents handle increasingly complex, real-time tasks, they require an underlying architecture that is performant and modular,” said Fabian Hedin, CTO and co-founder of Loveable. “By building our automated pipeline on Vite and leveraging its open ecosystem, we’ve been able to radically accelerate how AI agents generate, compile, and ship code. We have worked closely with the Cloudflare and VoidZero teams, and we’re excited to continue supporting and benefiting from the ecosystem they’ve helped create. Open-source infrastructure like Vite plays a critical role in the future of software development, and we’re encouraged to see its development remain independent and transparent.”
To learn more, please check out the resources below:
To learn more, please check out the resources below:
- Cloudflare Blog: VoidZero is joining Cloudflare
About Cloudflare
Cloudflare, Inc. (NYSE: NET) is the leading connectivity cloud company. It empowers organizations to make their employees, applications and networks faster and more secure everywhere, while reducing complexity and cost. Cloudflare’s connectivity cloud delivers the most full-featured, unified platform of cloud-native products and developer tools, so any organization can gain the control they need to work, develop, and accelerate their business.
Powered by one of the world’s largest and most interconnected networks, Cloudflare blocks billions of threats online for its customers every day. It is trusted by millions of organizations – from the largest brands to entrepreneurs and small businesses to nonprofits, humanitarian groups, and governments across the globe.
Learn more about Cloudflare’s connectivity cloud at cloudflare.com/connectivity-cloud. Learn more about the latest Internet trends and insights at radar.cloudflare.com.
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Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “explore,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these words, or other similar terms or expressions that concern Cloudflare’s expectations, strategy, plans, or intentions. However, not all forward-looking statements contain these identifying words. Forward-looking statements expressed or implied in this press release include, but are not limited to, statements regarding the capabilities and effectiveness of Cloudflare’s Workers developer platform and other products technology and VoidZero‘s products and technology, the benefits to Cloudflare’s customers from using Cloudflare’s Workers developer platform and other products technology and VoidZero‘s products and technology, the timing of when Cloudflare’s Workers developer platform and VoidZero’s products and technology and or any of their related features will be fully integrated and generally available to all current and potential Cloudflare customers, the potential timing of the closing of Cloudflare’s acquisition of VoidZero, Cloudflare’s plans and objectives for, and the timing of, the integration of VoidZero’s products and technology into Cloudflare’s Workers developer platform, Cloudflare’s technological development, future operations, growth, initiatives, or strategies, and comments made by Cloudflare’s CEO and others. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Cloudflare’s filings with the Securities and Exchange Commission (SEC), including Cloudflare’s Quarterly Report on Form 10-Q filed on May 8, 2026, as well as other filings that Cloudflare may make from time to time with the SEC.
The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Cloudflare undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Cloudflare may not actually achieve the plans, intentions, or expectations disclosed in Cloudflare’s forward-looking statements, and you should not place undue reliance on Cloudflare’s forward-looking statements.
© 2026 Cloudflare, Inc. All rights reserved. Cloudflare, the Cloudflare logo, and other Cloudflare marks are trademarks and/or registered trademarks of Cloudflare, Inc. in the U.S. and other jurisdictions. All other marks and names referenced herein may be trademarks of their respective owners.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260604108073/en/
Contact
Cloudflare, Inc.
Daniella Vallurupalli
Vice President, Head of Global Communications
press@cloudflare.com
Source : Cloudflare, Inc.
--BERNAMA
Cloudflare, Inc. (NYSE: NET) is the leading connectivity cloud company. It empowers organizations to make their employees, applications and networks faster and more secure everywhere, while reducing complexity and cost. Cloudflare’s connectivity cloud delivers the most full-featured, unified platform of cloud-native products and developer tools, so any organization can gain the control they need to work, develop, and accelerate their business.
Powered by one of the world’s largest and most interconnected networks, Cloudflare blocks billions of threats online for its customers every day. It is trusted by millions of organizations – from the largest brands to entrepreneurs and small businesses to nonprofits, humanitarian groups, and governments across the globe.
Learn more about Cloudflare’s connectivity cloud at cloudflare.com/connectivity-cloud. Learn more about the latest Internet trends and insights at radar.cloudflare.com.
Follow us: Blog | X | LinkedIn | Facebook | Instagram
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “explore,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these words, or other similar terms or expressions that concern Cloudflare’s expectations, strategy, plans, or intentions. However, not all forward-looking statements contain these identifying words. Forward-looking statements expressed or implied in this press release include, but are not limited to, statements regarding the capabilities and effectiveness of Cloudflare’s Workers developer platform and other products technology and VoidZero‘s products and technology, the benefits to Cloudflare’s customers from using Cloudflare’s Workers developer platform and other products technology and VoidZero‘s products and technology, the timing of when Cloudflare’s Workers developer platform and VoidZero’s products and technology and or any of their related features will be fully integrated and generally available to all current and potential Cloudflare customers, the potential timing of the closing of Cloudflare’s acquisition of VoidZero, Cloudflare’s plans and objectives for, and the timing of, the integration of VoidZero’s products and technology into Cloudflare’s Workers developer platform, Cloudflare’s technological development, future operations, growth, initiatives, or strategies, and comments made by Cloudflare’s CEO and others. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Cloudflare’s filings with the Securities and Exchange Commission (SEC), including Cloudflare’s Quarterly Report on Form 10-Q filed on May 8, 2026, as well as other filings that Cloudflare may make from time to time with the SEC.
The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Cloudflare undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Cloudflare may not actually achieve the plans, intentions, or expectations disclosed in Cloudflare’s forward-looking statements, and you should not place undue reliance on Cloudflare’s forward-looking statements.
© 2026 Cloudflare, Inc. All rights reserved. Cloudflare, the Cloudflare logo, and other Cloudflare marks are trademarks and/or registered trademarks of Cloudflare, Inc. in the U.S. and other jurisdictions. All other marks and names referenced herein may be trademarks of their respective owners.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260604108073/en/
Contact
Cloudflare, Inc.
Daniella Vallurupalli
Vice President, Head of Global Communications
press@cloudflare.com
Source : Cloudflare, Inc.
--BERNAMA
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