KUALA LUMPUR, Oct 30 (Bernama) -- Global credit rating agency, AM Best has affirmed South Korea’s KB Insurance Co Ltd (KBI) financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent), with a stable outlook.
These credit ratings (ratings) reflect KBI’s strong balance sheet, adequate operating performance, neutral business profile and appropriate enterprise risk management, as well as support from its parent, KB Financial Group Inc (KB Group), AM Best said in a statement.
KBI’s risk-adjusted capitalisation is assessed at the strongest level, as measured by Best’s Capital Adequacy Ratio, while its local solvency ratio is largely in line with the industry average and demonstrates an adequate buffer above the minimum regulatory requirements.
AM Best calculated KBI’s adjusted financial leverage at 8.2 per cent as of June 2026 and said the company has good access to capital markets and a conservative investment strategy.
KBI’s return on equity and combined ratios are broadly in line with domestic peers, but profitability in its main long-term insurance business remains under pressure from rising medical claims and competition. Its auto insurance business recorded underwriting losses in 2025 because of base rate cuts and stronger competition.
KBI is South Korea’s fourth-largest non-life insurer, with a stable market share of approximately 13 per cent, while its overseas operations remain modest, and it plans to explore further international opportunities with a measured approach to diversify earnings and sustain long-term growth.
As a wholly owned subsidiary and the only non-life insurer in KB Group, one of South Korea’s largest financial holding companies, KBI is strategically important to its parent and has received explicit capital support since joining the group in 2015.
AM Best said the ratings could be lowered if KBI’s balance sheet weakens significantly or if support from KB Group is reduced and could be raised if its operating performance consistently outperforms industry peers.
-- BERNAMA
Friday, 30 October 2026
Bitget, Reality and Keyring Brings the First Fully Defi Equity Basis to The Market
VICTORIA, Seychelles, Oct 29 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world's largest Universal Exchange (UEX), has released a joint research report with Reality and Keyring exploring how tokenised equities can support trading strategies beyond traditional stock investing. The study examines how tokenised equities, perpetual derivatives and decentralised lending can work together, with historical simulations examining the potential returns, financing costs and risks associated with these strategies.
The research highlights how tokenised equities could expand beyond direct stock exposure into lending, collateral management and systematic investment strategies. Using Reality's rTokens, the model combines tokenised equity holdings with offsetting short positions in corresponding equity perpetual contracts. When funding rates are positive, these positions can generate funding payments while seeking to reduce exposure to movements in the underlying stock price. Keyring structures the associated lending markets, with IPOR Fusion providing onchain vault infrastructure and 1Token supporting portfolio monitoring and risk management.
Based on simulations covering December 15, 2025, to October 19, 2026, the rules-based index generated annualised net returns of approximately 7% during the in-sample period and 4% during the out-of-sample period. The research also identified a gross funding premium of approximately 11%–14%, with financing costs, execution expenses and liquidity constraints affecting net performance. The findings demonstrate the importance of managing these costs when developing equity-basis strategies across decentralised markets.
"Tokenised stocks are opening up opportunities beyond buying and selling shares. Investors can use them as collateral, combine with derivatives, and integrated strategies that previously required separate financial platforms," said Gracy Chen, CEO of Bitget. "This research shows how those pieces can work together, while highlighting the importance of execution costs, liquidity and risk management. That is an important part of what we're building with Bitget's Universal Exchange."
The report also examines the risks of executing these strategies across decentralised markets, including negative funding rates, collateral valuation differences, liquidation exposure and settlement delays. It emphasises that reliable pricing, sufficient liquidity and coordinated margin management remain essential to making these strategies viable.
Alex McFarlane, Founder of Keyring, said: “Bringing the equity basis trade fully on-chain makes a strategy traditionally run by asset managers more transparent, programmable and accessible to a broader set of investors. More importantly, the index creates a benchmark and set of building blocks that investment banks, fund managers and CTAs can use to develop their own strategies. Bitget’s focus on expanding rToken into DeFi is a significant step in that direction.”
The research forms part of Bitget's broader efforts to expand the use of tokenised assets within its Universal Exchange ecosystem. Selected products informed by the research are planned to launch through Bitget Earn, subject to product review, regulatory requirements, user eligibility and availability. All performance figures are based on historical simulations and do not represent realised returns or guarantee future performance.
To read the full report, 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, 500+ tokenised 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 such as 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 tokenised TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | X | 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.
About Reality
Reality is a regulated real-world asset issuance platform built for global markets, and is proudly part of the Bitget ecosystem. Working with licensed brokers across major exchanges, including Nasdaq and the NYSE, we purchase and hold the underlying assets in custody, then issue the corresponding rights on-chain. This connects traditional capital markets with on-chain infrastructure, opening institutional-grade access to real-world assets for users worldwide.
About Keyring
Keyring is the trust layer for on-chain markets.
The research highlights how tokenised equities could expand beyond direct stock exposure into lending, collateral management and systematic investment strategies. Using Reality's rTokens, the model combines tokenised equity holdings with offsetting short positions in corresponding equity perpetual contracts. When funding rates are positive, these positions can generate funding payments while seeking to reduce exposure to movements in the underlying stock price. Keyring structures the associated lending markets, with IPOR Fusion providing onchain vault infrastructure and 1Token supporting portfolio monitoring and risk management.
Based on simulations covering December 15, 2025, to October 19, 2026, the rules-based index generated annualised net returns of approximately 7% during the in-sample period and 4% during the out-of-sample period. The research also identified a gross funding premium of approximately 11%–14%, with financing costs, execution expenses and liquidity constraints affecting net performance. The findings demonstrate the importance of managing these costs when developing equity-basis strategies across decentralised markets.
"Tokenised stocks are opening up opportunities beyond buying and selling shares. Investors can use them as collateral, combine with derivatives, and integrated strategies that previously required separate financial platforms," said Gracy Chen, CEO of Bitget. "This research shows how those pieces can work together, while highlighting the importance of execution costs, liquidity and risk management. That is an important part of what we're building with Bitget's Universal Exchange."
The report also examines the risks of executing these strategies across decentralised markets, including negative funding rates, collateral valuation differences, liquidation exposure and settlement delays. It emphasises that reliable pricing, sufficient liquidity and coordinated margin management remain essential to making these strategies viable.
Alex McFarlane, Founder of Keyring, said: “Bringing the equity basis trade fully on-chain makes a strategy traditionally run by asset managers more transparent, programmable and accessible to a broader set of investors. More importantly, the index creates a benchmark and set of building blocks that investment banks, fund managers and CTAs can use to develop their own strategies. Bitget’s focus on expanding rToken into DeFi is a significant step in that direction.”
The research forms part of Bitget's broader efforts to expand the use of tokenised assets within its Universal Exchange ecosystem. Selected products informed by the research are planned to launch through Bitget Earn, subject to product review, regulatory requirements, user eligibility and availability. All performance figures are based on historical simulations and do not represent realised returns or guarantee future performance.
To read the full report, 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, 500+ tokenised 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 such as 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 tokenised TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | X | 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.
About Reality
Reality is a regulated real-world asset issuance platform built for global markets, and is proudly part of the Bitget ecosystem. Working with licensed brokers across major exchanges, including Nasdaq and the NYSE, we purchase and hold the underlying assets in custody, then issue the corresponding rights on-chain. This connects traditional capital markets with on-chain infrastructure, opening institutional-grade access to real-world assets for users worldwide.
About Keyring
Keyring is the trust layer for on-chain markets.
- Keyring Connect verifies participant eligibility while protecting personal data.
- Keyring Structuring builds permissioned credit markets backed by tokenised assets and index strategies.
- Keyring Unwind enables investors to open and close leveraged positions in tokenised assets at scale, coordinating redemption and debt repayment through smart contracts.
Important Disclaimer
Keyring.Network (Cayman) Limited (“Keyring”) operates as a permissioned access gateway to decentralised protocols and other decentralised finance (“DeFi”) applications. Keyring provides zero-knowledge verification services that allow verified users to interact with smart contracts while maintaining privacy.
Keyring is NOT a:
Keyring.Network (Cayman) Limited (“Keyring”) operates as a permissioned access gateway to decentralised protocols and other decentralised finance (“DeFi”) applications. Keyring provides zero-knowledge verification services that allow verified users to interact with smart contracts while maintaining privacy.
Keyring is NOT a:
- Financial intermediary, broker-dealer, or investment adviser;
- Custodian of user funds or digital assets;
- Party to any transactions between users and DeFi protocols; or
- Guarantor of protocol performance or investment outcomes.
Interacting with DeFi protocols through Keyring involves substantial risk, including smart-contract exploits, market volatility, and the possible total loss of digital assets. Participants engage with these protocols directly and bear full responsibility for all outcomes. Access may be restricted where local laws or sanctions prohibit use. Users worldwide must ensure compliance with all applicable laws in their own jurisdictions. By using Keyring’s services, participants acknowledge these risks, accept sole responsibility for their actions, and agree that Keyring’s liability, if any, is limited to the fullest extent permitted by law.
About 1ndex by 1Token
1Token is a global technology provider for digital-asset investment managers, with operations across APAC, Europe and North America. The company supports more than US$20 billion in assets across over 100 institutional clients and holds SOC 2 Type I and Type II certifications.
Its award-winning Crypto Asset Management (CAM) system connects with CeFi and DeFi venues through APIs, bringing portfolio management, trading, risk control, fund operations and reporting into a single environment. The platform supports front-office teams with live positions, exposures and performance analytics; middle-office teams with portfolio operations, risk monitoring, shadow NAV and investor activity; and back-office teams with trade reconciliation, valuation and P&L reporting.
1ndex complements this infrastructure as 1Token’s research and data platform for tracking, analysing and evaluating digital-asset investment strategies.
1ndex: https://1ndex.1token.tech/
1Token: https://1token.tech/
About IPOR Fusion
Developed by IPOR Labs AG (Zug, Switzerland), IPOR Fusion is the onchain vault infrastructure built for institutional-grade on-chain yield strategies. Its modular architecture provides deterministic risk enforcement, per-client vault isolation, embedded compliance, and flexible configuration through composable modules called Fuses, integrated with leading on-chain protocols.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e8b03c39-472b-4488-acae-f476552c4ea9
About 1ndex by 1Token
1Token is a global technology provider for digital-asset investment managers, with operations across APAC, Europe and North America. The company supports more than US$20 billion in assets across over 100 institutional clients and holds SOC 2 Type I and Type II certifications.
Its award-winning Crypto Asset Management (CAM) system connects with CeFi and DeFi venues through APIs, bringing portfolio management, trading, risk control, fund operations and reporting into a single environment. The platform supports front-office teams with live positions, exposures and performance analytics; middle-office teams with portfolio operations, risk monitoring, shadow NAV and investor activity; and back-office teams with trade reconciliation, valuation and P&L reporting.
1ndex complements this infrastructure as 1Token’s research and data platform for tracking, analysing and evaluating digital-asset investment strategies.
1ndex: https://1ndex.1token.tech/
1Token: https://1token.tech/
About IPOR Fusion
Developed by IPOR Labs AG (Zug, Switzerland), IPOR Fusion is the onchain vault infrastructure built for institutional-grade on-chain yield strategies. Its modular architecture provides deterministic risk enforcement, per-client vault isolation, embedded compliance, and flexible configuration through composable modules called Fuses, integrated with leading on-chain protocols.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e8b03c39-472b-4488-acae-f476552c4ea9
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.
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.
Thursday, 29 October 2026
OMODA X OFF-ROAD CROSSOVER DEBUTS WITH NIGHT VISION
KUALA LUMPUR, Oct 29 (Bernama) -- OMODA, part of Chery’s OMODA & JAECOO division, has unveiled the OMODA X, which it describes as the world’s first “cross off-road vehicle”, at a global debut event on Oct 20.
The model combines the practicality of a sport utility vehicle (SUV) with the adventurous capability of an off-roader and the dynamic character of a sports car, according to the company in a statement.
It is built around the brand’s three core themes: mecha design, crossover versatility and smart technology.
The OMODA X has 200 millimetres (mm) of ground clearance, a wading capability of more than 700 mm, a towing capacity of up to 1,800 kilograms (kg), a roof load capacity of 75 kg and 39 storage spaces.
Its design draws on futuristic, robot-inspired mecha culture, with a wide-body stance, geometric surfaces inspired by mecha aircraft and lightning-shaped tail lights.
The vehicle features an artificial intelligence (AI)-based in-car system called Super Intelligent AI Space, an X-MODE setting that adjusts the car’s settings and performance to the driver’s preferences, and an infrared night vision system that can identify potential hazards up to 90 metres away.
At the launch, four users from Indonesia, Brazil, South Africa and Poland presented their own interpretations of the model as part of the brand’s OMODA X Co-Creation Project.
-- BERNAMA
The model combines the practicality of a sport utility vehicle (SUV) with the adventurous capability of an off-roader and the dynamic character of a sports car, according to the company in a statement.
It is built around the brand’s three core themes: mecha design, crossover versatility and smart technology.
The OMODA X has 200 millimetres (mm) of ground clearance, a wading capability of more than 700 mm, a towing capacity of up to 1,800 kilograms (kg), a roof load capacity of 75 kg and 39 storage spaces.
Its design draws on futuristic, robot-inspired mecha culture, with a wide-body stance, geometric surfaces inspired by mecha aircraft and lightning-shaped tail lights.
The vehicle features an artificial intelligence (AI)-based in-car system called Super Intelligent AI Space, an X-MODE setting that adjusts the car’s settings and performance to the driver’s preferences, and an infrared night vision system that can identify potential hazards up to 90 metres away.
At the launch, four users from Indonesia, Brazil, South Africa and Poland presented their own interpretations of the model as part of the brand’s OMODA X Co-Creation Project.
-- BERNAMA
RAS AL KHAIMAH SIGNS FUJIAN PACT, 10 MOUS IN CHINA
KUALA LUMPUR, Oct 29 (Bernama) -- Ras Al Khaimah (RAK) and China’s Fujian Province have signed a friendship agreement to strengthen economic, maritime and cultural ties, concluding a six-day visit to China by the emirate’s Ruler, Sheikh Saud bin Saqr Al Qasimi.
The agreement, signed in Fuzhou in the presence of Sheikh Saud, who is also a member of the United Arab Emirates (UAE) Supreme Council, sets a framework for cooperation in green supply chains, port logistics, sustainable building materials and cultural exchange.
“Signing this friendship agreement with Fujian Province cements a partnership rooted in mutual respect, shared ambition and centuries of maritime connection, which creates a formal foundation for our communities and enterprises to collaborate more closely,” said Sheikh Saud.
In a statement, he said the emirate’s friendship with China was rooted in history and renewed by a shared vision for modern economic transformation.
The agreement followed the signing of 10 memoranda of understanding (MoUs) between RAK entities and Chinese counterparts. They included a deal between the RAK Government’s International Relations Office and UBTECH Robotics to test, demonstrate and deploy humanoid robots in industry, commercial services, elderly care and cultural tourism.
Other MoUs were signed between the RAK Transport Authority and the Shenzhen Urban Transport Planning Center, and between the International Relations Office and Phoenix New Media Information Technology. Marjan Group and RAKBANK each signed agreements with the Bank of China’s Dubai branch, and Marjan Group also signed one with China Road and Bridge Corporation.
The RAK Chamber of Commerce and Industry signed MoUs with Tianhe Central Business District and the Bureau of China International SME Fair. Further agreements were signed between the RAK Department of Antiquities & Museums and the Sun Yat-sen University History Museum, and between the RAK Economic Zone and Fujian Jihong Packaging Technology.
The visit, from Oct 18 to 23, covered Shenzhen and Guangzhou in Guangdong Province and Fuzhou in Fujian. It included the RAK-China Business Conference, meetings with government officials and business leaders in Guangzhou, and the opening of RAK’s first business consultancy in China.
-- BERNAMA
UAE’S SPACE42 SIGNS SATELLITE MOU WITH VIASAT, CANADA’S TERRESTAR
KUALA LUMPUR, Oct 29 (Bernama) -- Space42, the United Arab Emirates (UAE)-based artificial intelligence (AI)-powered SpaceTech company, United States satellite firm Viasat Inc and Canada’s Terrestar Solutions Inc have signed a memorandum of understanding (MoU) to develop an open, standards-based framework linking their planned satellite networks for direct-to-device (D2D) mobile services.
The MoU was signed during Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan’s official visit to Canada, where he held talks with Prime Minister Mark Carney.
The framework would link Terrestar’s planned Canadian low-Earth orbit constellation, CaStar, with Equatys, a planned global shared platform for D2D and other mobile-satellite services (MSS). Space42 and Viasat signed a binding agreement in September to co-found Equatys, backed by up to US$1 billion in combined equity commitments. (US$1 = RM4.07)
Each operator would keep ownership and control of its satellites, ground infrastructure and customers, with CaStar operating as a sovereign Canadian system that keeps domestic data within Canadian jurisdiction, Space42 said in a statement.
“This MoU demonstrates how sovereign satellite systems and shared global infrastructure can work together to deliver D2D services globally. Terrestar maintains its position as Canada’s independent MSS operator while exploring how to participate in a broader ecosystem,” said Space42 Managing Director, Karim Michel Sabbagh.
The company said the arrangement is the first example of Equatys’s “sovereign shell” approach, combining a global system with national or regional constellations run by trusted local operators, and is expected to reduce costs and improve coordination between systems.
UAE Minister of Foreign Trade, Dr Thani bin Ahmed Al Zeyoudi said the MoU reflected the UAE’s deepening trade and investment links with Canada, including the newly signed Comprehensive Economic Partnership Agreement.
Space42 said the framework is designed to accommodate additional satellite systems, mobile network operators and service providers over time.
-- BERNAMA
The MoU was signed during Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan’s official visit to Canada, where he held talks with Prime Minister Mark Carney.
The framework would link Terrestar’s planned Canadian low-Earth orbit constellation, CaStar, with Equatys, a planned global shared platform for D2D and other mobile-satellite services (MSS). Space42 and Viasat signed a binding agreement in September to co-found Equatys, backed by up to US$1 billion in combined equity commitments. (US$1 = RM4.07)
Each operator would keep ownership and control of its satellites, ground infrastructure and customers, with CaStar operating as a sovereign Canadian system that keeps domestic data within Canadian jurisdiction, Space42 said in a statement.
“This MoU demonstrates how sovereign satellite systems and shared global infrastructure can work together to deliver D2D services globally. Terrestar maintains its position as Canada’s independent MSS operator while exploring how to participate in a broader ecosystem,” said Space42 Managing Director, Karim Michel Sabbagh.
The company said the arrangement is the first example of Equatys’s “sovereign shell” approach, combining a global system with national or regional constellations run by trusted local operators, and is expected to reduce costs and improve coordination between systems.
UAE Minister of Foreign Trade, Dr Thani bin Ahmed Al Zeyoudi said the MoU reflected the UAE’s deepening trade and investment links with Canada, including the newly signed Comprehensive Economic Partnership Agreement.
Space42 said the framework is designed to accommodate additional satellite systems, mobile network operators and service providers over time.
-- BERNAMA
Friday, 23 October 2026
Antalpha Increases Investment in Aurelion with US$2 Million Share Subscription
SINGAPORE, Oct 23 (Bernama-GLOBE NEWSWIRE) -- Antalpha Platform Holding Company (NASDAQ: ANTA) ("Antalpha"), a leading institutional digital asset financing platform, today announced that its wholly owned subsidiary, Antalpha Capital (HK) Limited, has entered into a share subscription agreement with Aurelion Inc. (NASDAQ: AURE) ("Aurelion" or the "Company"). Under the agreement, Antalpha, through Antalpha Capital (HK) Limited, will subscribe for 952,381 newly issued Class B ordinary shares of Aurelion at a price of US$2.10 per share, for aggregate gross proceeds to Aurelion of approximately US$2 million (the "Subscription"). The Subscription is expected to close as soon as practicable, subject to customary closing conditions and a long-stop date of December 21, 2026.
Antalpha currently holds 31.7% of the ordinary shares of Aurelion's issued and outstanding shares, based on Aurelion's outstanding shares/pre-funded warrants/primary warrants, representing approximately 77.5% of Aurelion's total voting power. Upon completion of the subscription, Antalpha is expected to hold approximately 33.4% of Aurelion's issued and outstanding shares, based on Aurelion’s outstanding shares/pre-funded warrants/primary warrants representing approximately 78.8% of Aurelion's total voting rights.
“Increasing our investment in Aurelion reflects our continued confidence in its strategy and the long-term potential of tokenized gold,” said Paul Liang, Chief Financial Officer of Antalpha. “Aurelion’s focus on digital gold infrastructure complements our expertise in financing and risk management. Through this additional commitment, we are supporting the development of practical institutional applications for tokenized gold, with disciplined execution and long-term shareholder value as our priorities.”
“Antalpha’s continued support as our controlling shareholder reinforces its commitment to Aurelion’s next phase of development,” said Frank Zheng, Chief Executive Officer of Aurelion. “Upon closing, this investment would provide additional financial flexibility as we advance our digital gold business. Our focus is on building the technology and risk-management capabilities that institutions need to use tokenized gold with confidence.”
About Antalpha
Antalpha is a leading fintech company specializing in providing financing, technology, and risk management solutions to the Web3 industry. Antalpha offers Bitcoin supply chain and margin loans through the Antalpha Prime technology platform, which allows customers to originate and manage their digital assets loans, as well as monitor collateral positions with near real-time data. Building on this foundation, Antalpha is also exploring AI-powered tools to help users navigate the digital asset space more effectively.
About Aurelion
Aurelion is a publicly listed company building a digital gold risk and technology infrastructure around XAU₮, on-chain gold backed by physical LBMA bars. Combining the characteristics of physical gold with the efficiency of blockchain technology, XAU₮ serves as the foundation of Aurelion's digital gold treasury strategy. The Company is committed to the prudent management and efficient utilization of its proprietary digital gold holdings, while providing risk management and technical support for selected tokenized gold initiatives. Through its technology-driven approach, Aurelion seeks to contribute to the responsible development and broader adoption of digital gold and tokenized asset solutions.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about Antalpha's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Antalpha's filings with the SEC. All information provided in this press release is as of the date of this press release, and Antalpha does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Contacts
Investor Contact: ir@antalpha.com
SOURCE: Antalpha Platform Holding Company
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.
Antalpha currently holds 31.7% of the ordinary shares of Aurelion's issued and outstanding shares, based on Aurelion's outstanding shares/pre-funded warrants/primary warrants, representing approximately 77.5% of Aurelion's total voting power. Upon completion of the subscription, Antalpha is expected to hold approximately 33.4% of Aurelion's issued and outstanding shares, based on Aurelion’s outstanding shares/pre-funded warrants/primary warrants representing approximately 78.8% of Aurelion's total voting rights.
“Increasing our investment in Aurelion reflects our continued confidence in its strategy and the long-term potential of tokenized gold,” said Paul Liang, Chief Financial Officer of Antalpha. “Aurelion’s focus on digital gold infrastructure complements our expertise in financing and risk management. Through this additional commitment, we are supporting the development of practical institutional applications for tokenized gold, with disciplined execution and long-term shareholder value as our priorities.”
“Antalpha’s continued support as our controlling shareholder reinforces its commitment to Aurelion’s next phase of development,” said Frank Zheng, Chief Executive Officer of Aurelion. “Upon closing, this investment would provide additional financial flexibility as we advance our digital gold business. Our focus is on building the technology and risk-management capabilities that institutions need to use tokenized gold with confidence.”
About Antalpha
Antalpha is a leading fintech company specializing in providing financing, technology, and risk management solutions to the Web3 industry. Antalpha offers Bitcoin supply chain and margin loans through the Antalpha Prime technology platform, which allows customers to originate and manage their digital assets loans, as well as monitor collateral positions with near real-time data. Building on this foundation, Antalpha is also exploring AI-powered tools to help users navigate the digital asset space more effectively.
About Aurelion
Aurelion is a publicly listed company building a digital gold risk and technology infrastructure around XAU₮, on-chain gold backed by physical LBMA bars. Combining the characteristics of physical gold with the efficiency of blockchain technology, XAU₮ serves as the foundation of Aurelion's digital gold treasury strategy. The Company is committed to the prudent management and efficient utilization of its proprietary digital gold holdings, while providing risk management and technical support for selected tokenized gold initiatives. Through its technology-driven approach, Aurelion seeks to contribute to the responsible development and broader adoption of digital gold and tokenized asset solutions.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about Antalpha's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Antalpha's filings with the SEC. All information provided in this press release is as of the date of this press release, and Antalpha does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Contacts
Investor Contact: ir@antalpha.com
SOURCE: Antalpha Platform Holding Company
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.
Wednesday, 21 October 2026
Genon Clears Nike Footwear Production Validation, Wins New AI Automation Contracts in Indonesia
Genon’s AI solution analyzes vessel documents and automatically generates reports. (Image: Genon)
JAKARTA, Indonesia, Oct 21 (Bernama-BUSINESS WIRE) -- Genon, a South Korean generative AI solutions startup, announced on Wednesday, Oct. 21, that its Indonesian AI manufacturing automation business passed mass-production validation and won follow-on contracts, accelerating its overseas expansion.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261020059682/en/
Last year, Genon developed Vision AI inspection technology for Nike that automatically identifies defective outsoles. The AI analyzes surfaces captured with industrial high-resolution cameras and dedicated lighting, locating defects and grading products pass or fail against product-specific standards. This year’s mass-production validation achieved 99.7% and 99.2% defect detection rates on two styles, respectively, clearing Nike Footwear’s final validation.
Conducted for production-line deployment rather than mere performance evaluation, the validation paves the way for commercialization. Genon is preparing the mass-production model: development starts before year-end, with deployment beginning in 2027, and phased expansion to more products and lines.
Building on this, Genon won a Vision AI project this year to detect micro-defects in stitched and bonded areas of shoe uppers, using ultra-high-resolution cameras and multi-angle lighting to capture their complex structures. Inspection will later extend to midsoles and finished products, supporting quality-control automation across footwear manufacturing.
Genon secured a Physical AI contract to automate production by pairing collaborative robots with vision cameras for repetitive outsole-pressing tasks. It will combine existing robot control with AI-based motion generation, enabling robots to recognize objects and move accordingly, and learn skilled motions from operators’ teleoperation demonstrations—all to achieve 24-hour continuous operation and greater process efficiency.
Through these contracts, PT Genon Global Indonesia, Genon’s subsidiary established this year led by President and Managing Director Tae Ryong Kim, targets first-year profitability. Genon will continue pursuing Vision AI and Physical AI opportunities to strengthen its base in Indonesia.
Beyond footwear, Genon is exploring shipbuilding and offshore industries, leveraging its manufacturing automation business in Indonesia. A prime example is an AI solution under development for global offshore engineering firm IKM Group to analyze vessel-related documents and automatically generate work-plan reports. Building on these solutions, Genon plans to gradually expand its opportunities in the global market.
Seok Tae Ko, CEO of Genon, said, “In AI manufacturing automation, competitiveness depends not only on technical accuracy but on understanding real production environments and on-site deployment capability.” He added, “We will deepen collaboration with local customers and advance our execution capabilities, from development through commercialization, to build a sustainable foundation for overseas growth.”
About Genon Inc.
Generative AI On – GenOn. Genon is a leading AI technology company specializing in Generative AI-driven B2B solutions. The company leverages extensive IT experience, industry insights, and proven technical expertise to deliver AI innovations that drive real-world business impact. Additional information is available at www.genon.ai/en
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https://www.businesswire.com/news/home/20261020059682/en/
Contact
Somiy Jeon
pr@genon.ai
Source : Genon Inc.
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