Raagulan Pathy

YouTrip

1

DWF Labs launches $20 million Cloudbreak fund for Chinese projects DWF Labs has announced the launch of the $20 million Cloudbreak fund. It aims to provide promising projects and founders in Chinese-speaking regions with significant investment and strategic resources. The Cloudbreak fund is open to projects in GameFi, Derivatives, SocialFi, Memcoin and Tier 1 / Layer 2 infrastructure. DWF Labs launches Cloudbreak Fund to grow local Web3 Ventures This fund demonstrates that DWF Labs is serious about supporting and promoting Web3 innovation. Specifically, it aims to give localized projects the opportunity to present their ideas to the world and expand the use of Web3. The Cloudbreak Fund is open to projects in Chinese-speaking regions that fall into the above categories. This opportunity will help them catch up and gain a foothold in the Web3 world. Andrey Grachev, managing partner at DWF Labs, said the firm has been working with founders in Chinese-speaking regions since 2018. He said he admires their culture and hardworking nature. Grachev also said that projects in these regions have seen steady growth recently and need constant attention for support and development. To meet this need, the Cloudbreak Fund was established to help new projects realize their potential in Chinese-speaking regions. Based on its experience investing in Web3 and shaping the market, DWF Labs offers financial support and a partner list of over 700 projects. As one of the most prominent liquidity providers, DWF Labs is ready to help projects interested in tokenization. Cloudbreak Foundation expands DWF Labs' global commitment to Web3 Recognized by Bybit as a top liquidity provider in 2024, DWF Labs oversees wallets, hackathons and funding, and grant programs within web3. Together with the right brand positioning and marketing channel, DWF Labs provides full coverage of the projects' future development. Earlier this year, DWF Labs reaffirmed its confidence in the MENA region after signing a DMCC agreement that will create a new $5 million growth fund for web3 and blockchain companies. The Cloudbreak fund also reflects DWF Labs' promise to drive innovative approaches and developments in the web3 space. The approach of focusing on projects located in Chinese-speaking markets implies that the fund will enable localized efforts to expand to other parts of the world and create new web3 use cases.

1

1 Comment

Another RoboAdvisor's downfall proves exactly that they can't even manage their own finance while providing investment advice via the software they make. How fraudulent this market can be more? I once explained why these systems don't work (post still on LinkedIn). If you really believe in your market analyzing why don't invest by yourself but spend time to deceive users instead. That's why we at BlackFox Trading will forever be a private firm. There're VC's knocks but my default reply is: No. I keep building new startups and we need you on that, not this. Though we can help other fintech startups build an effective product. Feel free to contact me like so.

6

2 Comments

Shared my views with ChinaDaily.com.cn on Hong Kong’s SME lending landscape. “We believe the key to plugging Hong Kong’s stubborn SME credit gap lies in algorithm-based lending by utilizing alternative data to develop customized SME credit scoring models that can prequalify loans,” says Benjamin Quinlan, CEO and managing partner of Quinlan & Associates. “This approach not only helps to address previously underserved customer segments, but also streamlines the current SME lending journey.” According to the business advisory firm, Hong Kong’s current addressable SME credit gap stands at HK$170 billion. As the economy slows down, leading to a poor lending appetite among banks, coupled with the fact that more businesses still need funding, the firm expects the funding gap to widen to HK$200 billion by the end of this year. Quinlan says the footprint data relating to the entire value chain of SMEs, such as business orders, purchases, payrolls, sales receipts, accounting software, trade receipts, customs data, e-commerce data, and even geolocation data of business venues, can be used to assess SMEs’ profits and losses, and then to evaluate how creditworthy the SMEs are. Lending based on real-time financial information can decouple the need for collateral in loan applications. “These are useful in determining the real-time financial health of a company, and it is very important to ensure that the agenda of financial inclusion is taken into consideration,” Quinlan says. According to Quinlan, the future paradigm in SME lending is an automatic credit model, and integrating data and checking credit-scoring algorithm will be the two most important elements. He emphasizes that lenders, small businesses and the government have a role in cementing this pattern shift in SME lending, adding that “banks have to develop more digital banking services, infrastructures and credit scoring capabilities. The government must be able to push the agenda in terms of regulation, while SMEs need to make digital investments”. Quinlan says, “Even though the CDI has created a data repository that can be used to evaluate the creditworthiness of businesses, the administration still needs to connect the data effectively with other financial institutions. It has to provide the right kind of incentive arrangements for data providers to share data on the CDI platform.” If you’d like to find out more about Hong Kong’s SME lending landscape, download our full report: https://lnkd.in/ghR7gc2m #sme #smallbusiness #lending #smeloan #businessloan #banking #hongkong https://lnkd.in/gtkBT5MM

27

2 Comments

The Securities and Exchange Commission has fined Tai Mo Shan Limited $123 million for reportedly misleading investors about the stability of the Terra USD stablecoin and conducting unregistered securities transactions involving LUNA crypto assets. According to the SEC statement, Jump Crypto Holdings subsidiary acted negligently when it engaged in trading activities that created a false impression about Terra USD's stability mechanism during a May 2021 price decline. The firm purchased over $20 million of UST tokens while receiving incentives from Terraform Labs, masking the fact that the stablecoin's dollar peg was being maintained through direct market intervention rather than its promised algorithmic mechanism. Will the upcoming new administrations broader acceptance of cryptocurrencies, will we see a resurgence of activity in the space... thoughts? #sec #cryptocurrencies #compliance

1

🪙Stablecoins to Cigarettes 🚬 (sorry millennials, its not a punk rock band) Yesterday, during an ASIC-hosted meeting on digital asset regulation, an analogy comparing Bitcoin payments to the use of cigarettes as currency in prison was made. While I love a good analogy to simplify complex concepts, this one raises an eyebrow (or two).  Let’s unpack this:   - Cigarettes in prison, while informal, fill a gap in a flawed system.   - Bitcoin (and digital assets more broadly) emerged to fill gaps in traditional financial systems – high fees, delays, and barriers to access.  But here’s the thing - such an analogy does little to foster constructive dialogue. It risks framing our innovative and rapidly evolving industry as trivial, rather than recognising its potential to contribute to Australia’s financial modernisation.  For those of us working tirelessly to build stable, transparent, and compliant digital asset solutions, commentary such as this highlights the importance of regulators engaging with digital assets seriously and with a positive outlook. We can’t afford to dismiss innovation when it offers solutions to systemic inefficiencies.  Food for thought for our Regulators:   If we want to ensure Australia remains competitive in the global digital economy, let’s start with balanced, objective, and constructive conversations. After all, the future of finance deserves better than comparisons to contraband currency.  To my fellow Blockchainians – what are your thoughts? How can we collectively ensure our voice is heard in these discussions?  #Fintech #DigitalAssets #Stablecoins #Innovation #ASIC #Regulation #Leadership  

20

7 Comments

🚀 Top Pre-Seed Funded Startups in July 2024. By Eqvista The market is strong, so let's remember that publically traded companies account for just 1% of the total! We are founders! #equity #valuation #vcfunding

7

10 VC-backed fintech companies based in SEA with the most funding to date 1. Mynt (Philippines) - - $1.4 billion raised - digital wallets 2. Coda (Singapore) - $718 million - cross-border monetization 3. Nium (SIngapore) - $549 million - global payments platform 4. Akulaku Indonesia - $540 million - cross-border ecommerce platform 5. Kredivo Group (Singapore) - $537 million - ecommerce credit platform 6. Xendit (Indonesia) - $535 million - ecommerce platform 7. MoMo (M_Service) (Vietnam) - $434 million - digital wallets 8. Aspire (Singapore) - $374 million - finance solutions for businesses 9. Funding Societies Singapore - $370 million - short-term financing to small and midsize businesses 10. Ascend (Thailand) - $345 million - digital wallets, ecommerce #sea #fintech #venturecapital #ecommerce #payments #wallets Source - PitchBook

8

DBS, Singapore's largest bank, is taking an innovative step by launching a pilot for blockchain-powered treasury tokens. This move demonstrates how traditional banking can embrace cutting-edge technology to enhance financial services. The pilot aims to improve efficiency in managing cash and liquidity for businesses, offering a glimpse into how blockchain can streamline complex financial operations. What’s interesting about this development is how it reflects the growing trend of established financial institutions exploring blockchain solutions. While blockchain technology has often been associated with cryptocurrencies, its potential for broader applications is becoming more evident. DBS’s pilot is a prime example of how blockchain can be utilized to modernize traditional banking processes, potentially leading to faster, more transparent, and secure transactions. This project could also pave the way for other banks to explore similar technologies, potentially transforming global financial services. As blockchain continues to evolve, the benefits of such innovations may become more accessible to a wider range of industries, not just finance. It’s exciting to see a major player like DBS pushing the boundaries and exploring new ways to enhance their offerings. This pilot could set a precedent for future developments in the banking sector, showcasing how the integration of new technologies can lead to more efficient and effective financial solutions. https://lnkd.in/gpxw6aUw 

8

Not all VCs are bad. Not all crypto folks are bad. Not all male VC partners are bad. Not all male crypto VC partners are bad. There are always bad actors regardless of which industry, vertical, value chain, but it is a well known fact that there remains a lack of diversity in the VC and Founder world. As a result, many female founders face severe challenges in fundraising or getting the right mentorship and coaching. That is why Epic Angels - a women only collective - is now the 4th most active angel networks in Asia, representing 450+ #EpicInvestors from 30+ countries. Join us as investors or pitch to our network: www.epicangelnetwork.com You don't need to fraternize in a bar and feel compelled to drink to get your ideas heard and supported. #womensupportingwomen

14

2 Comments

The misunderstood magic of crypto: what is private and public ownership- Satoshi Island style When I think of property I think of possessive individualism. I think of ‘stuff’ that belongs to me discrete from ‘your stuff’, governed by laws, bureaucracy and enforcement. This form of ownership creates a rivalrous and extractive relationship between me, my neighbors, the State and the planet at an onerous cost. But is there another way to create ownership where resources are shared, economic disparity is minimized and our focus is on communal wellbeing rather than individual gain? Yes, and this is where blockchain, tokens and Satoshi Island come in. In a nutshell Satoshi Island members transparently contribute their goods and services to a commitment pool (an economic commons), https://lnkd.in/eJPHkwbQ and in return do not only receive other goods and services (bartering), but transform informal promises (commitments) into tangible assets (RWA), as well as citizen and land NFTs. Citizen NFTs represent adherence to commitments like sharing resources, pooled labor, positive economic engagement, regenerative and peaceful living, and cultural preservation of the Island. Land NFTs represent a time-limited opportunity (lease) to develop the land through partial common ownership incentivized by means like: land value tax (more development, less tax), demurrage (charges for delays) and revenue sharing with other land NFT holders (DAO members). As you can see, land NFTs do not represent the right to infinite ownership where you can exclude everyone from using the land as long as you wish, even if you do not use it in any productive way. This model rewards virtuous development, property stewardship, prioritizes community benefits, and prevents labor exploitation and land degradation. Furthermore, commitment pooling coordinates land management efforts, and creates an economy that accelerates land improvement (aka usufruct). Finally, if you are reading this post and you don’t get it or it sounds too weird, don’t worry- it is. Embracing business models that incentivize us to care about the commons are the OPPOSITE of how we live (clean subway, sidewalks and parking in NYC?). This requires us to undergo what David Shapiro calls: a Radical Alignment with our fundamental truths about human nature and the world around us. https://lnkd.in/eYbd9BU7 Furthermore, this type of alignment is IMO a necessary cure to our nihilistic narrative of individualism that has led us to isolation, polarity and despair. At our core we want to cooperate and the creation of tokenized commitment pools fosters the missing trust and stability we seek. That’s the magic of Crypto on Satoshi Island. (for more details read https://lnkd.in/eMmi7K5u)

24

9 Comments

SLC Investor Interviews Episode-  1 Interviewer Adrian E. Martinez SLC Investor  Former HSBC & Citi Executive Interviewee Brian Lancaster  SLC Investor  Former HSBC & IBM Executive Adrian Martinez & Brian Lancaster, “Information in the cloud is just in a different data center with the same system-wide security limitations. The SIM, however, is independent of operating systems—probably the purest piece of technology for secure information.”  https://lnkd.in/gN22f8Nb Adrian Martnez & Brian Lancaster, “SLC isn't looking for a small step change; they’re making 10 or 15 step changes in a very short time. That's significant. After talking with the team, I realized this isn't a high-risk investment—it’s a no-brainer for ensuring legitimate system access." https://lnkd.in/g6YayPdD    SLC Community Investor Interview Episode 1 full 30 min interview available: https://lnkd.in/gJTjhGE5 This is an SLC Corporation video production. ©️ 2024. All rights reserved. ************ Legal Notice - No Offer to Sale: This video broadcast is recorded for publication(s) and is not an offer in any structure or form of an expression of sale, including but not limited to securities, technology licensing, trademark usage, and unauthorized reproductions of this video. The information provided is for general informational purposes only and the general public views relating to the SLC Investor Community.  They make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the information, products, services, or related graphics contained in this broadcast for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will SLC be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the viewing and the use and application of the content herein.

23

1 Comment