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Partnership Enhances Security for XAUm, Matrixdock’s Gold-Backed Digital Asset, with a Focus on Key Asian Financial Hubs

SINGAPORE, Nov. 25, 2024 /PRNewswire/ — Matrixdock, a leading platform for tokenized real-world assets (RWA), is pleased to announce a strategic partnership with Brink’s, a global leader in secure logistics and asset protection. This partnership ensures the secure transportation and vaulting of LBMA-certified gold, which underpins Matrixdock’s recently launched XAUm token, with a focus on vaults located in Singapore and Hong Kong, two of Asia’s premier financial hubs.

XAUm, an ERC-20 token fully backed by physical gold, offers investors a trusted and transparent digital asset tied to London Bullion Market Association (LBMA) accredited gold. The partnership with Brink’s guarantees that the gold reserves backing XAUm are securely held in high-security, fully insured vaults in Singapore and Hong Kong, enhancing the credibility and security of the token for investors across the globe, particularly in the Asia-Pacific region.

“Brink’s reputation for excellence in secure logistics, combined with the strategic location of vaults in Singapore and Hong Kong, provides unparalleled security and confidence for our XAUm investors,” said Eva Meng, Head of Matrixdock. “This partnership underscores our commitment to maintaining the highest standards of trust and transparency for our tokenized real-world assets.”

Zac McKenna, Head of Digital Assets at Brink’s, emphasized the importance of secure custody solutions in the growing RWA tokenization space: “At Brink’s, we are proud to support the tokenization of real-world assets by providing the secure infrastructure that makes these digital products credible and reliable. Our collaboration with Matrixdock enables us to bring our extensive expertise in secure logistics to the forefront of the blockchain ecosystem.”

Brink’s, with its extensive experience in secure asset management and its well-established presence in Asia, will ensure that the LBMA gold backing XAUm is safely transported, stored, and protected in its world-class vaults. Ben Van Kerkwijk, Vice President of Brink’s Global Services – Asia Pacific, added: “Our premier vaulting facilities in Singapore and Hong Kong are trusted by top-tier clients around the world. We are pleased to provide the same world-class protection for the physical gold that backs Matrixdock’s XAUm token, further enhancing the security and trust for investors in the region.”

This partnership allows Matrixdock to offer a robust gold-backed digital asset that aligns with the security and regulatory requirements of global investors.

XAUm provides investors with seamless access to the value of physical gold while benefiting from the efficiency, liquidity, and transparency of blockchain technology. By focusing on secure vaulting in Singapore and Hong Kong, Matrixdock strengthens its offering in the growing Asian market for tokenized assets.

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

About Matrixdock

Founded in February 2023 by Matrixport, Matrixdock is a premier platform that offers access to high-quality Real World Assets (RWA) through advanced tokenization technology. As the first in Asia to introduce a tokenized short-term treasury bill product, STBT, Matrixdock has rapidly emerged as an industry leader, earning the Ecosystem Excellence TADS Award in 2023 for Trading & Liquidity Solutions.

Matrixdock is dedicated to becoming the gateway for clients seeking top-tier RWA investments. With a steadfast focus on building a trusted and secure RWA ecosystem for crypto, Matrixdock provides diversified investment opportunities while setting new standards for trust and governance in the digital asset space.

About Brink’s

The Brink’s Company (NYSE:BCO) is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. Our customers include financial institutions, retailers, government agencies, mints, jewelers, and other commercial operations. Our network of operations in 52 countries serves customers in more than 100 countries.

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DUBAI, UAE, Nov. 22, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, sets out to raise awareness of P2P security and to equip users with the latest anti-fraud knowledge and tools in a new learn and earn event exclusively for users in Africa. Hosting a P2P security Webinar on Nov. 25, Bybit P2P will also be announcing a prize pool valued at 10,000 USDT for a new Africa-exclusive deposit event.

P2P Security Webinar
On Nov. 25, the live webinar on P2P security will be broadcast in the Bybit Africa Telegram group from 7 to 9PM UTC. Attendees may benefit from a comprehensive session on tips and the latest know-how on asset safety and counterparty risks. The free webinar will cover the following topics:

1. Fraud detection: users will learn about signs of common scams and steps to verify payment authenticity.
2. Staying safe with Bybit P2P: users get to discover Bybit’s security tools and the latest features to combat fraudulent attempts.
3. Trading with confidence: users will gain practical advice and practical tips on how to trade safely.

The floor will be open for a live Q&A session after the sharing by Bybit P2P experts. Ahead of the webinar, attendees are invited to submit questions and the lucky ones will win 10 USDT if their questions are chosen by the speakers.

10,000 USDT Rewards for First-Time Deposits
From Nov. 25 to Dec. 15, 2024, new users who successfully sign up for a Bybit account and complete Identity Verification Level 1 may be eligible to share in a 10,000 USDT prize pool reserved for eligible users in Africa only. Users must  sign up for the event and make a deposit via Bybit P2P to qualify and win up to 10 USDT, terms and conditions apply.

“Financial fraud is an age-old challenge and users must stay vigilant as scammers and fraudsters evolve. Bybit is constantly investing in our hardware and software to build the necessary guardrails for our platform. It does not take away the importance of user education, however, and we hope through engagements of this kind, we can help elevate the community on a path of growth,” said Joan Han, Sales and Marketing Director at Bybit.

P2P is an organic part of the crypto economy and helps to promote inclusivity in emerging economies. With Bybit P2P, users of all levels may access the user-friendly peer-to-peer trading platform to trade between themselves at an optimal, agreed-upon price. The service minimizes the need for the middleman, improving cost effectiveness while providing exchange-backed platform security.

Find out more about the event and eligibility at Bybit P2P.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube 

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SOURCE Bybit

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SAN JOSE, Calif., Nov. 22, 2024 /PRNewswire/ — Anixa Biosciences, Inc. (“Anixa” or the “Company”) (NASDAQ: ANIX), a biotechnology company focused on the treatment and prevention of cancer, today announced that its Board of Directors has approved the purchase of Bitcoin as a treasury reserve asset.

With Anixa’s strong balance sheet and excess cash, this strategic decision aims to diversify the Company’s treasury holdings while positioning Anixa to benefit from the potential long-term value of digital assets.

The Company also reaffirmed its ongoing stock buyback program as part of its commitment to enhancing shareholder value.

“We are pleased to add this asset class as an investment option for us. We are thrilled that both of our clinical trials—a breast cancer vaccine (NCT04674306), and an ovarian cancer therapy treating recurrent and resistant patients (NCT05316129)—have produced results that have exceeded our expectations. We are proud of our strategy to move our trials forward, while burning relatively low levels of cash. Our decision about Bitcoin is an additional approach to prudent financial management, enabling greater shareholder value,” said Dr. Amit Kumar, CEO of Anixa.

“As we continue to execute on our mission of advancing life-changing cancer therapies, we are also focused on creating long-term financial value for our shareholders,” said Mike Catelani, President and CFO of Anixa. “With Bitcoin‘s growing recognition as a mainstream asset class, we believe it represents a valuable addition to our treasury reserve strategy. The approval of Bitcoin ETFs and increasing participation from institutional investors highlight its rising importance in global markets. Its unique inflation-resistant qualities and potential as a reliable store of value aligns with our goal of optimizing long-term financial stability and growth. Combined with our stock buyback program, this initiative reflects our confidence in the Company’s growth trajectory and our dedication to delivering shareholder returns.”

For those interested in learning more about the Company, a 30-minute presentation given at a recent investor conference is available on the Company’s website at https://ir.anixa.com/events, or at the conference organizer’s web page here: Webinar Registration – Zoom. 

About Anixa Biosciences, Inc.
Anixa is a clinical-stage biotechnology company focused on the treatment and prevention of cancer. Anixa’s therapeutic portfolio consists of an ovarian cancer immunotherapy program being developed in collaboration with Moffitt Cancer Center, which uses a novel type of CAR-T, known as chimeric endocrine receptor-T cell (CER-T) technology. The Company’s vaccine portfolio includes vaccines being developed in collaboration with Cleveland Clinic to treat and prevent breast cancer and ovarian cancer, as well as additional cancer vaccines to address many intractable cancers, including high incidence malignancies in lung, colon, and prostate. These vaccine technologies focus on immunizing against “retired” proteins that have been found to be expressed in certain forms of cancer. Anixa’s unique business model of partnering with world-renowned research institutions on all stages of development allows the Company to continually examine emerging technologies in complementary fields for further development and commercialization. To learn more, visit www.anixa.com or follow Anixa on Twitter, LinkedIn, Facebook and YouTube.

Forward-Looking Statements
Statements that are not historical fact may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but rather reflect Anixa’s current expectations concerning future events and results. We generally use the words “believes,” “expects,” “intends,” “plans,” “anticipates,” “likely,” “will” and similar expressions to identify forward-looking statements. Such forward-looking statements, including those concerning our expectations, involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. These risks, uncertainties and factors include, but are not limited to, those factors set forth in “Item 1A – Risk Factors” and other sections of our most recent Annual Report on Form 10-K as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this press release.

Contact:
Mike Catelani
President, COO & CFO
mcatelani@anixa.com
408-708-9808

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SOURCE Anixa Biosciences, Inc.

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DUBAI, UAE, Nov. 21, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to reaffirm its commitment to providing ease of access to digital assets for eligible P2P users in Africa at zero fee. Connecting buyers and sellers at no cost, Bybit P2P continues to be the benchmark for cost-effective and convenient trading experiences.

Since its launch in Jan. 2022, Bybit P2P has consistently provided a user-friendly platform for users seeking a safer way to participate in the digital asset class. The services are offered at no costs for merchants and takers in P2P transactions:

• Merchants: Merchants may post advertisements on Bybit P2P for free.
• Takers: Users may place an order through advertisements listed on the P2P platform at no costs. The offer stands across all fiat trading pairs. Third-party fees may incur depending on the payment method chosen, as the payment providers may charge a transaction fee.

P2P Fee Structure (Africa)

In addition, Bybit has launched an exciting P2P Coupon Giveaway Campaign from now to Jan. 15, 2025. As part of this initiative, users can earn a share of up to 20,000 USDT in rewards by completing tasks such as depositing $100 or trading $50,000 through Bybit P2P. The rewards will be in the form of Bybit P2P coupons to be redeemed in the next purchase, making the zero-fee transactions an even better deal for winners.

“Bybit’s steadfast commitment to contributing to financial inclusion comes in all forms, and keeping our P2P services free for as long as we can, and for as many users as possible, is one of the ways to support the crypto community,” said Joan Han, Sales and Marketing Director at Bybit. “When users come to our platform with the hopes of generating income on their assets, we want to play a supportive role in helping them reach their personal financial goals,” she added.

P2P on Bybit offers an intuitive and cost-effective peer-to-peer trading platform, facilitating the buying and selling of two users’ holdings at an optimal, agreed-upon price between them. With Bybit P2P, users stand to benefit from Bybit’s enterprise-level security and advanced features including comprehensive built-in KYC and KYB verification mechanisms, rigorous asset management protocols, and 24/7 customer service.

Find out more about the event and eligibility at Bybit P2P.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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The teams are working together to establish an internet built on the principles of user control, digital sovereignty, and community-driven governance.

NEW YORK, Nov. 20, 2024 /PRNewswire/ — Today, Project Liberty, an organization helping people to take back control of their digital lives by reclaiming a voice, choice, and stake in a better internet; Consensys, the leading blockchain and Web3 software company; and the Frequency Network Foundation, an organization dedicated to development, support, and growth of the Frequency blockchain and ecosystem, announced a partnership to develop infrastructure for a more people-centered internet.

Through this alliance, these three organizations will collaborate on multiple technical integrations with the goal of expanding interoperability and scalability. Aligned in their mission to offer an upgraded internet, the collaboration intends to return agency to individuals, prevent their data from being parceled off, tracked, and sold; and enable individuals to take back control of their online sovereignty from Big Tech.

This collaboration will facilitate Frequency’s expansion into the Ethereum ecosystem and EVM compatibility making use of Consensys’ technology. Specifically, joint development teams are investigating leveraging the technology stack of Linea, the zkEVM Layer 2 network empowering the world to live onchain. Dedicated teams are also exploring “EVM based” Frequency integration with MetaMask, the self-custodial digital wallet and Web3 gateway developed by Consensys, to bring a broader range of social capabilities to the wider Web3 community. Anchored by Project Liberty’s dedication to digital democracy, the collaboration aims to initiate a new era for the digital world: one rooted in freedom, privacy, and community. It’s a revolutionary vision that shifts the power dynamics of the internet as we know it.

At the heart of this initiative is the Decentralized Social Networking Protocol (DSNP), an open data standard that allows for secure, user-centered data interoperability. Frequency is a DSNP-compliant blockchain that makes it possible for users to carry their digital identities and data across platforms, without surrendering control to one specific platform. In a Frequency-powered world, individuals are not bound to a single platform but can navigate the web freely and securely, maintaining complete autonomy over their online personas across multiple platforms.

A Vision for Digital Democracy

For Project Liberty, this partnership is more than a technological shift; it’s part of a broader digital renaissance. Project Liberty was born from a belief that the internet should serve as a public good, a place where people can express themselves freely, connect without fear, and exercise autonomy over their personal data. Through this alliance with Project Liberty, Consensys and the Frequency Network Foundation, that vision is coming to life.

“We’re at a tipping point for the future of the internet,” said Frank McCourt, Founder of Project Liberty. “With Consensys and the Frequency Network Foundation, we’re building an internet that empowers people. This is evidence that we are no longer allowing a handful of companies to continue exploiting and controlling our digital lives, instead we are providing a solution that gives people back their agency and a true stake in the digital ecosystem.”

“Our social graphs in the Web3 era will be a profound extension and expression of our identities, interests, and ultimately our reputations,” said Joe Lubin, co-founder of Ethereum and CEO and Founder of Consensys. “The Web3 generation of social networking will put the user at the center, giving them full control and ownership of the core elements of their life. We are excited to collaborate with Project Liberty and the Frequency Network Foundation to drive this vision”.

Additionally, by collaborating with Consensys to expand into the Ethereum ecosystem, Project Liberty and the Frequency Network Foundation aim to bring the benefits of data ownership and transparent digital governance to a growing number of online citizens who want to reclaim a voice, choice, and stake in a better internet.

About Project Liberty
Project Liberty is leading the movement to give people back control of their lives in the digital age by ensuring they have a voice, choice, and stake in a better internet. Started in 2019 and publicly launched in 2021 by civic entrepreneur Frank McCourt and supported by a $500-million commitment, Project Liberty includes the work of the Project Liberty Institute—a 501(c)(3) with an international partner network that includes Georgetown University, Stanford University, ETH in Zurich, and other leading academic institutions and civic organizations—and a technological team that is focused on developing the next generation of digital infrastructure. Project Liberty’s activities include the release of the Decentralized Social Networking Protocol (DSNP), which is stewarded by the Institute and available as a public utility to serve as the bedrock of a more equitable web and support a new era of innovation that empowers people over platforms and serves the common good.

About Consensys
Consensys is the leading blockchain and web3 software company. Since 2014, Consensys has been at the forefront of innovation, pioneering technological developments within the web3 ecosystem. Through our product suite, including the MetaMask platform, Infura, Linea, Diligence, and our NFT toolkit Phosphor, we have become the trusted collaborator for users, creators, and developers on their path to build and belong in the world they want to see. Whether building a dapp, an NFT collection, a portfolio, or a better future, the instinct to build is universal. Consensys inspires and champions the builder instinct in everyone by making web3 universally easy to use and develop on. To explore our products and solutions, visit https://consensys.io/.

About Frequency
Frequency is a blockchain that powers the people’s internet through the Decentralized Social Networking Protocol (DSNP). It provides the infrastructure for creating self-sovereign digital identities, public social graphs, and decentralized content sharing, advancing data privacy and user control. Brands, developers, and platforms can use Frequency to integrate scalable, interoperable social features without the need for deep expertise in blockchain. This implementation of DSNP is aligned with Project Liberty’s mission to give people control over their digital lives while fostering innovation in decentralized technology.

View original content to download multimedia:https://www.prnewswire.com/news-releases/project-liberty-consensys-and-frequency-network-foundation-announce-major-partnership-to-develop-internet-infrastructure-that-prioritizes-digital-freedoms-302312080.html

SOURCE Project Liberty

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Founded by serial entrepreneur Naguib Sawiris, MONIIFY aims to empower the next generation of entrepreneurs and investors to make smarter money moves by providing insights and analysis on high-potential regions and sectors, including tech, AI, cryptocurrency, and energy.

DUBAI, UAE, Nov. 20, 2024 /PRNewswire/ — MONIIFY (moniify.com), a digital news platform for Zillennials, founded by businessman and entrepreneur Naguib Sawiris, will launch on November 26, 2024.

Set to become the go-to platform for entrepreneurs, investors and professionals hungry for knowledge, wealth, and financial freedom in the world’s fastest-growing economies, MONIIFY will provide fresh, bold and insightful business and finance news content.

Based in the UAE and with a global outlook, MONIIFY will spotlight emerging markets with a focus on the industries driving the future – from tech and AI to crypto and energy. Covering everything from the GCC’s tech-driven initiatives to the rapid growth in Southeast Asia and India’s dynamic economy, MONIIFY is designed to keep the next generation of leaders ahead of the game.

“Young people today need more than traditional business and finance news. MONIIFY speaks directly to the next generation of entrepreneurs, in their language, on the platforms they want,” says Chairman and renowned businessman, Naguib Sawiris. “Young people always ask me ‘what is the secret to success?’ – that is my motivation for MONIIFY, to be the formula for them to achieve their dreams.”

Dr Yaser Bishr, Advisor to the Chairman, leading the launch of MONIIFY echoes this, “Western media giants view emerging markets through a Western lens. Emerging markets, home to over 4.3 billion people with a median age of 34, have their own unique stories to tell. These markets accounted for 50.1% of global GDP in 2023 and a staggering 66.7% of global GDP growth over the past decade. MONIIFY is here to change the narrative – a platform by Zillennials, for Zillennials..”

Uncover the next big thing from emerging markets first

From daily essential updates on the latest in crypto and tech markets to breaking down investment trends and business opportunities and in-depth conversations with some of the most successful and influential entrepreneurs, MONIIFY will provide exclusive access to the strategies behind success. The platform will feature Zillennial-friendly formats, including short videos, explainers, and deep-dive interviews. A masterclass series will unlock access to the biggest names in business sharing their blueprint for success.. MONIIFY’s newsroom will exclusively cover crypto, markets, tech and wealth in emerging markets, led by an accomplished team of international business journalists.

“We have brought together the best media talent from international markets as well as emerging markets who believe strongly in the MONIIFY movement, and who represent our brand,” says CEO, Michael Peters, former CEO of Euronews.

MONIIFY Creators, brings together trusted voices in financial content, including Eisa AlHabib (UAE), Uptin Saiidi (USA), Anushka Rathod (India), Felicia Putri Tjiasaka (Indonesia), Osamah Essam El-Din (Saudi Arabia), and Sara & Aaron Wee aka The Weeblings (Singapore).

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CONTACT: Burson (PR Agency); BusiNext.PR@bcw-global.com

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Quantoz Payments to receive investment from Fabric Ventures, Kraken and Tether

UTRECHT, The Netherlands, Nov. 18, 2024 /PRNewswire/ — Quantoz Payments B.V. (Quantoz), the Netherlands headquartered payments technology company, is pleased to announce that it will start issuing two stablecoins EURQ and USDQ, designed to be MiCAR Compliant, on Monday 18th November.

EURQ and USDQ are respectively euro and US dollar-referenced E-Money Tokens (EMTs), issued on the Ethereum blockchain by Quantoz, an Electronic Money Institution (EMI) authorised and supervised by De Nederlandsche Bank (DNB), the Dutch Central Bank.

The new EMTs will facilitate euro and US dollar transfers and payments in secondary markets as well as transfers across digital asset and crypto exchanges. Fiat-referencing stablecoins on blockchains can enable digital and decentralised payments that are faster, more transparent, secure and cheaper when compared to existing payment infrastructure.

Bitfinex and Kraken, two of the world’s longest standing and most secure crypto-asset exchanges, plan to be the first to list EURQ and USDQ for trading to eligible clients on Thursday 21st November. 

Arnoud Star Busmann, CEO of Quantoz Payments, said:

“We are thrilled to bring to market truly European-native stablecoins, available on respected venues for European consumers and corporations, issued by a company with its roots in the Netherlands, one of Europe’s leading fintech jurisdictions. The MiCA regulation brings a new level of trust to digital assets markets, not least through its prudential requirements on the issuers of stablecoins. As the world of payments becomes more digital, having well-regulated, transparent and fully backed stablecoins is critical to enabling faster, cheaper and more secure settlement within the world’s largest single market.”

A group of investors including Fabric Ventures, Kraken and Tether are underlining their support for Quantoz by investing in the company.

Anil Hansjee, General Partner at Fabric Ventures, said:

“Europeans speak loudly about MICAR making stablecoin issuance seamless in Europe and whilst there are clearer rules, there are very few players that can pull it off at scale. Think regulatory licenses, tier 1 banking partners with adequate liquidity ratios and balance sheets, blockchain expertise, state of the art and scalable compliance onboarding, on chain transaction monitoring, treasury and risk management, security DNA, let alone an ability to convince major European exchanges to list you and market makers to provide liquidity, as well as dApps to build use cases around you. Quantoz Payments have achieved all this and brought all the right components to the table to succeed. Fabric Ventures are delighted to be participating in this partnership and in an investment thesis that sits firmly at the intersection of our expertise in payments and crypto.”

Mark Greenberg, VP of Product & GM of Consumer at Kraken, said:

“Stablecoins are the backbone of crypto, reshaping the way people connect traditional finance with the decentralized world. We’re pumped to join this investment round and team up with industry partners to push the mission of crypto adoption forward.” 

Paolo Ardoino, CEO of Tether said:

“Our support for Quantoz highlights Tether’s commitment to fostering innovative and regulated solutions within the digital asset landscape. By supporting Quantoz and bringing technology solutions like Hadron by Tether, we reinforce our dedication to expanding reliable, compliant financial tools that empower users and build trust across the digital ecosystem.”

Arnoud Star Busmann, CEO at Quantoz Payments, added:

“Quantoz is an established digital payments technology company in the heart of the European Union and started issuing EURD earlier this year, another euro-backed stablecoin focused on e-money solutions for consumer payment ecosystems as well as treasury management for corporates.

“The support through this investment round from some of the best businesses in digital assets will enable us to provide a timely solution for digital asset markets as well as unlock the benefits of blockchain based money for more traditional use cases. We are excited to be partnering with them on this journey.”

The amount of EURQ and USDQ in circulation is fully backed 1-to-1 by fiat reserves and highly liquid financial instruments such as government bonds. These reserves are managed by an independent foundation, subject to strict DNB oversight and are placed in segregated accounts with Tier 1 banks. In addition to the requirement of maintaining 100% reserves to fully back all circulating assets, Quantoz is also required to hold an additional 2% on its own balance sheet as part of its obligations under MiCAR.

About Quantoz Payments

Founded in 2015, Quantoz N.V. is a financial technology company. Its subsidiary, Quantoz Payments, was founded in 2021 and issues USDQ, a US dollar backed E-Money Token (EMT) and two euro-backed EMTs, EURQ and EURD, within the European Economic Area. These EMTs facilitate fast, cheap, transparent and secure blockchain technology based payments.

Incorporated in the Netherlands, the Company holds an Electronic Money Institution (EMI) license from the Dutch supervisory authority, the Dutch Central Bank. The funds received in exchange for the e-money tokens are held by Stichting Quantoz, a bankruptcy remote entity, which ensures that these funds are safeguarded following the requirements of MiCAR. The e-money tokens in circulation are fully backed 1-to-1 with fiat and highly liquid financial instruments. In addition, the Company is required to hold at least an additional 2% of reserves on its balance sheet. Quantoz Payments and Stichting Quantoz are subject to prudential supervision by DNB.

W: https://quantozpay.com/
L: https://www.linkedin.com/company/quantoz/
X: https://x.com/Quantoz

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View original content:https://www.prnewswire.co.uk/news-releases/quantoz-payments-issues-euro-and-us-dollar-stablecoins-receives-backing-from-major-crypto-asset-firms-302307632.html

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