TOSHIBA UNVEILS COMPACT HIGH-VOLTAGE PHOTORELAY FOR EV BATTERY SYSTEMS

KUALA LUMPUR, Aug 21 (Bernama) -- Toshiba Electronic Devices & Storage Corporation (Toshiba) has launched the "TLX9161T", an automotive photorelay engineered for electric vehicle (EV) battery systems, with volume shipments having begun.

According to Toshiba in a statement, with a minimum output withstand voltage of 1500 volts (V), the new product meets the stringent requirements for high-voltage EV batteries.

The photorelay, built in a compact SO12L-T package, offers a 25 per cent smaller mounting area than its predecessor, the TLX9160T SO16L-T package. The reduced footprint contributes to more compact and cost-efficient battery management systems (BMS), which are crucial for optimising EV battery performance and safety.

Photorelays like this are critical in BMS applications, where they manage isolation between the vehicle body and battery, a key safety feature in high-voltage environments.

By miniaturising the internal MOSFET chip, Toshiba has maintained compatibility with existing circuit board designs while enhancing performance.

The new photorelay uses a resin with a Comparative Tracking Index (CTI) exceeding 600, which is classified under Material Group I of the IEC 60664-1 international standard. It also ensures over five millimetres of creepage distance, aligning with global safety standards for 1000V operations.

Toshiba will continue to expand its lineup of automotive photorelay products and provide solutions that address the challenges in popularising EVs, aiming to contribute to the realisation of a carbon-neutral society.

-- BERNAMA

MotoGP Meets Web3 With Bitget’s Smarter Speed Challenge

 

VICTORIA, Seychelles, Aug 20 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world’s leading cryptocurrency exchange and Web3 company, is revving up for the second half of the MotoGP season with the official launch of the Smarter Speed Challenge, an online racing mini-game built to bring an adrenaline rush to the fingertips of both Web2 and Web3 users. Flagging off on August 18, this campaign blends online gameplay with real-world perks. Users can climb live online leaderboards for their chance at a share of 66,000 USDT, a paid trip to meet five-time world champion Jorge Lorenzo and exclusive 2026 MotoGP VIP Passes.

This initiative is an extension of Bitget’s broader MotoGP collaboration, with the exchange serving as the Regional Partner for four major Grand Prix events in Italy, Germany, Spain, and Indonesia. At the heart of the partnership is the “Make It Count” campaign, fronted by three-time world champion Jorge Lorenzo, reinforcing the shared ethos of split-second precision and strategic performance.

The challenge invites users to race like a pro by completing daily circuits, climbing the leaderboard, and collecting points with points being double during key races in Catalunya and Indonesia. More than just a game, it’s a chance for fans to bring the spirit of racing into their everyday lives with a few leaderboard wins leading to real-life rewards like cash prizes, co-branded merchandise, and behind-the-scenes MotoGP experiences.

“For Bitget, it’s about turning fandom into action,” said Gracy Chen, Chief Executive Officer at Bitget. “Crypto is often seen as technical, but what we’re doing here is simplifying it by making it fun, intuitive, and relatable. Just like racing is about speed and precision, the same values also apply to trading. With the Smarter Speed Challenge, we’re meeting users right where they are: in culture, in competition, and in community.”

Having already made an impact with trackside activations, influencer campaigns, and fan engagement initiatives across key Grand Prix locations in Italy and Germany, the Smarter Speed Challenge marks a digital expansion of that partnership, tapping into global communities who want to experience the energy of MotoGP without needing a pit pass.

The challenge runs till November 16, 2025 and is accessible directly via the Bitget platform. Racers have plenty of time to log in, shift gears, and discover just how far Smart Speed can take them.

For more information and to join the challenge, visit here.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
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/5b0b371d-26c2-4ef3-a531-2a6e807a1ed4 

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.

Alcon Underscores Benefits of Its IOLs and Cataract Surgical Equipment at APACRS

 

 

• Data on Alcon’s products across cataract, refractive, diagnostics and ocular health will be featured in presentations during the meeting
• Prospective analyses and studies demonstrate sustained performance of Vivity including in patients with common mild comorbidities
• Alcon’s Symposia on new generation phaco and vitrectomy system will discuss new data on anterior chamber stability during cataract surgery performed at more physiologic IOP

AHMEDABAD, India, Aug 19 (Bernama-BUSINESS WIRE) -- Alcon, the global leader in eye care dedicated to helping people see brilliantly, today announced a strong presence at the 37th Asia-Pacific Association of Cataract and Refractive Surgeons (APACRS) Annual Meeting. APACRS will be held at Mahatma Mandir Convention and Exhibition Centre (MMCEC) in Ahmedabad, India from August 21-23, 2025. The company will showcase four symposia, lead 10 medical affairs scientific exchange presentations, and offer a hands-on experience zone at booth #A1). These comprehensive activities combined with new data underscore Alcon's commitment to generating meaningful scientific evidence on the safety and efficacy of its innovations.

Massimo Cerrone, Vice President, Surgical for Alcon Asia Pacific, said, “APACRS brings together leading experts and their insights from across the region, creating an ideal environment to engage in critical topics such as the evolving needs of cataract care in the ageing population. Through a dynamic agenda, surgeons can explore Alcon’s latest innovations and their value through clinical evidence, real-world insights, and peer experience across Asia-Pacific.”

Key data being presented at this year’s event

• Alcon’s Vivity^® is an extensively studied Extended Depth of Focus (EDOF) intraocular lens (IOL) in special populations with different co-morbidities, supported by over 10 clinical studies involving more than 700 patients. Among these is a prospective study titled, ‘To Evaluate The Visual Outcomes and Patient Satisfaction After Bilateral Vivity^® IOL Implantation in Patients with Mild Irregular Astigmatism.’ Conducted by Dr. Ashvin Agarwal, analyses reinforce patient satisfaction outcomes with Vivity in this specific cohort. This will be shared as an e-poster.
• On the cataract equipment side, Dr. Shail Vasavada of Raghudeep Eye Hospital, will present a prospective, randomized, single masked, single-center study titled, ‘Retinal Perfusion During Cataract Surgery With Varying Intraocular Pressure in Comorbid Eyes.’ Data underlines the benefits of performing cataract surgery at more physiologic IOP in patients with diabetic retinopathy. (Friday, 22 August 2025, 15:20pm-15:25pm, at FP3-15, Seminar Hall 2, MMCEC)

Amar Vyas, Country Head, Alcon India said, “We are excited that India is hosting APACRS for the second time. The event is an ideal platform to showcase our breakthrough technologies like the Advanced Technology IOL portfolio and UNITY VCS/CS, and foster meaningful exchange amongst ECPs. As cataract procedures rise, it’s critical that advanced technologies are both clinically proven across diverse patient populations and accessible to those who need them. We remain committed to empowering surgeons with science-backed solutions that elevate surgical precision and patient outcomes.”

During the meeting, Alcon will host four symposia; interested participants can learn more and register at https://events.myalcon.com/professional/events/apacrs;

• Alcon UNITY^® VCS Launch Symposium - Ready to explore the future of Surgical Innovation? Experience Superior Efficiency - Unity^® VCS, held exclusively for India on Thursday, 21 August 2025, 12:45pm to 13:40pm IST at Seminar Hall 2, Ground Floor. This session will mark the official introduction of UNITY VCS (Vitreoretinal Cataract System) and UNITY CS (Cataract System), Alcon’s next-generation Phaco/Vit platform, to the Indian market.
• Alcon IOL Symposium - Stay Ahead with the Clareon^® Collection on Friday, 22 August 2025,12:30pm to 13:25pm IST at Convention Hall 2, Ground Floor. This session will cover the Clareon Collection as a comprehensive IOL portfolio, discuss optical differentiation and performance of newer EDOF IOLs, and highlight the role of digital image guidance in toric correction.
• Alcon Surgical Video Symposium - Experience Extraordinary Phaco & VR Surgery with the NEW UNITY^® VCS by Alcon on Saturday, 23 August 2025, 12:00pm to 12:55pm IST at Convention Hall 2, Ground Floor. Through live discussion and videos, leading surgeons will showcase their experience with UNITY VCS in cataract and vitreoretinal procedures.
• Alcon Global Medical Affairs symposium - Vivity IOL, A True EDOF IOL with Proven Real-World Performance on Saturday, 23 August 2025, 13:00pm to 14:00pm IST at Seminar Hall 2, Ground Floor. The session, moderated by Dr. Vaishali Vasavada, will review meaningful real-world evidence supporting the use of Vivity IOL in special populations. To reserve your seat, visit https://cvent.me/9vgqzy.

For information on Alcon’s presence at APACRS 2025, including the symposia and exhibition taking place at booth #A1, please visit the company’s event page. The site will be updated following the event with on-demand content, such as archives of the symposia. Join the conversation on social platforms with the hashtag #APACRS2025 #Alcon.

About the AcrySof IQ Vivity IOL

The Wavefront Shaping AcrySof^® IQ Vivity Extended Vision Posterior Chamber Intraocular Lens Model DFT015 (referred to as AcrySof IQ Vivity IOL) is a UV-absorbing and blue light-filtering foldable intraocular lens (IOL). This IOL, compared to a monofocal IOL, provides an extended range of vision from distance to near without increasing the incidence of visual disturbances.¹

About UNITY VCS and UNITY CS

The UNITY VCS (Vitreoretinal Cataract System) console, when used with compatible devices, is indicated for use during anterior segment (i.e. phacoemulsification and removal of cataracts) and posterior segment (i.e. vitreoretinal) ophthalmic surgery. In addition, with the optional laser this system is indicated for photocoagulation (i.e. vitreoretinal and macular pathologies), iridotomy and trabeculoplasty procedures. The UNITY CS (Cataract System) console, when used with compatible devices, is indicated for use during anterior segment (i.e. phacoemulsification and removal of cataracts) ophthalmic surgery.²

About Alcon

Alcon helps people see brilliantly. As the global leader in eye care with a heritage spanning over 75 years, we offer the broadest portfolio of products to enhance sight and improve people’s lives. Our Surgical and Vision Care products touch the lives of people in over 140 countries each year living with conditions like cataracts, glaucoma, retinal diseases and refractive errors. Our more than 25,000 associates are enhancing the quality of life through innovative products, partnerships with Eye Care Professionals and programs that advance access to quality eye care. Learn more at www.alcon.com.

The content of this press release is intended for use by healthcare professionals only, including Registered Medical Practitioners, hospitals, or laboratories, and its use in any publication is subject to applicable local laws and regulations.

References

1. Acrysof IQ Vivity Extended Vision IOL Global Directions for Use [REF-22568]
2. UNITY VCS and CS User Manual 2024 [REF-27652]

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Media Relations
MinSeo Kim
MinSeo.Kim@alcon.com
+821063849533

Pooja Behuria
Pooja.behuria@edelman.com
9884646793

Source : Alcon Inc. Corporate

TRIDENT ACQUIRES 30 PCT STAKE IN TONGXIN'S WEB 3.0 E-COMMERCE PLATFORM ON TELEGRAM

KUALA LUMPUR, Aug 19 (Bernama) -- Trident Digital Tech Holdings Ltd (Trident), a Singapore-based digital transformation company, has signed a sales and purchase agreement to acquire a 30 per cent equity stake in Tongxin Innovation Ltd (Tongxin).

The transaction, valued at about US$3 million, will be executed through the issuance of Trident’s American Depositary Shares (ADSs) in the form of Class B ordinary shares to Tongxin’s shareholders. (US$1=RM4.21)

The deal values Tongxin, which operates the ToMe Web 3.0 e-commerce platform on Telegram, at approximately US$10 million.

In a statement, Trident said the strategic investment expands its Web 3.0 ecosystem and underscores its commitment to blockchain-enabled e-commerce solutions.

Trident Founder, Chairman and Chief Executive Officer, Soon Huat Lim said the acquisition aligns with the company’s mission to become a global leader in Web 3.0 enablement.

He said the integration of ToMe’s Web 3.0 commerce capabilities with Tridentity will enhance user experience and accelerate blockchain adoption in mainstream commerce.

Tongxin’s ToMe platform is built on Telegram, which has more than one billion users, and is designed to address e-commerce challenges through its “4F” value proposition, which is Fair, Fast, Friendly and Free.

The company has partnered with decentralised blockchain projects on Ton, which has a combined user base of over 10 million, with active communities in Dubai, Singapore and Hong Kong.

Tongxin has also reached preliminary agreements with real-world asset companies operating artificial intelligence-powered shopping malls in Southeast Asia. Its leadership team comprises former executives from eBay, PayPal, Tencent and JD.com, which it said positions the company to develop a global online and offline micro-business ecosystem.

The combination of its blockchain-based identity platform, Tridentity, with ToMe’s Web 3.0 infrastructure, will create a secure and authenticated digital commerce ecosystem.

-- BERNAMA

DayOne announces flagship hyperscale data center project in Lahti, Finland

• Aggregated investment amounts to EUR 1.2 billion  
• DayOne’s Growth Partnership Agreement with Lahti underscores its long-term commitment to Finland’s digital and economic development

LAHTI, Finland, Aug 15 (Bernama-GLOBE NEWSWIRE) -- DayOne, a Singapore-based global data center developer and operator, today announces its significant investment in a state-of-the-art hyperscale data center campus in Lahti, Finland. The aggregated value of DayOne’s investment in Lahti is projected to reach approximately EUR 1.2 billion, reinforcing the company’s commitment to advancing Finland’s digital infrastructure. 

The Lahti data center project will transform a former industrial site, located in the neighborhood of Kiveriö, into an advanced, high-performance digital infrastructure facility. Spanning 98,901 square meters, the site is fully zoned for industrial usage. With a total potential capacity of 128 megawatts (MW) IT load, the project comprises a first building of 50MW IT load. Negotiations with potential tenants are in progress, with no agreements finalized to date. Construction will commence with site demolition in Q3 2025, and operations are scheduled to be ready for service in 2027.

The data center campus has been designed with minimal disruption to neighboring areas and aligns with long-term sustainable land-use goals. Facilities are designed aiming for LEED Gold certification or higher. DayOne is collaborating with local engineering firms to fully leverage Finland’s naturally cool climate for free cooling, and further enhance energy efficiency and sustainability in its operations.

DayOne has entered into a power connection agreement with Lahti Energy to strengthen local energy grid resilience. Having set up partnerships with both Lahti Energy and the city of Lahti, and aligned with Lahti’s sustainability and circular economy goals, DayOne has been exploring waste heat reusing and integrating its data center into the local district heating system.

Reinforcing the project's commitment to resource conservation, the facility will utilize air cool chiller technology and eliminate the need for freshwater cooling.

DayOne’s investment will significantly bolster Lahti’s digital economy, while contributing to job creation in the city and across Finland. The Lahti project is expected to support a progressive ramp-up of 100 direct skilled positions and employ 1,000 construction workers onsite at its construction peak.

"Finland is an ideal strategic choice for our European growth," said Jamie Khoo, CEO of DayOne Data Centers. "With its reliable energy infrastructure, renewable energy leadership, highly skilled workforce, and naturally favorable climate that significantly reduces energy consumption and operational costs, Finland offers unique advantages that align perfectly with our commitment to sustainable digital infrastructure. Recognised as European Green Capital 2021, Lahti is advancing towards carbon neutrality, making it a natural fit with DayOne’s sustainability goals. We are proud to invest EUR 1.2 billion on Lahti project into the Finnish economy and collaborate closely with Lahti to drive local innovation and sustainability."   

The mayor of Lahti, Mr. Niko Kyynäräinen, welcomes the substantial investment. Lahti is part of the growth and development of the international data economy. "The data center to be built in Lahti is designed to handle large-scale data processing, enabling the creation of a strong digital ecosystem. In addition to the location, cool climate, clean energy, and stable conditions, Lahti's investment environment once again proved to be a winning operational model," Niko Kyynäräinen says with delight.

Growth Partnership Agreement to Drive Local Collaboration

DayOne is to enter into a Growth Partnership Agreement with the City of Lahti, Lahti Region Development LADEC, Lahti Energy, and local educational institutions, including a commitment of EUR 2.5 million to LUT Universities as outlined in the agreement. The agreement sets a clear framework for long-term regional cooperation aimed at advancing Lahti’s carbon neutrality goals, strengthening the local business and Information and Communications Technology (ICT) education ecosystems, and fostering talent development.

Key areas of collaboration include integrating local companies into the data center’s development and operations, innovating waste heat utilization solutions, and aligning educational pathways with industry needs through joint R&D, student internships, and faculty engagement. The partnership also connects DayOne’s global academic collaborations, such as with the Sustainable Tropical Data Centre Testbed hosted at the National University of Singapore, to Finnish institutions like LUT Universities to drive innovation in both tropical and cold-climate data center operations.

"The city offers robust government support and a thriving clean-tech ecosystem—providing an ideal environment for advanced, low-carbon digital infrastructure. As we build our presence in Lahti, we are eager to explore meaningful ways to work with the community, especially those who share our vision for digital advancement and environmental responsibility," added Jamie Khoo from DayOne.

DayOne maintains transparency with Finnish authorities and has informed the Ministry of Economic Affairs and Employment and the Ministry of Defence of Finland of the Lahti data center project. In Finland, DayOne jointly invested with Finnish company Hyperco in the Kouvola data center.

DayOne’s global presence spans Asia Pacific and Europe, with active operations in tier-one and emerging data center markets including Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong, Tokyo and Finland.

About DayOne

DayOne is a Singapore-based global data center pioneer that develops and operates next-gen digital infrastructure for industry leaders who demand reliable, cost-effective, and quickly scalable solutions. Our cutting-edge facilities empower hyperscalers and large enterprises to achieve rapid deployment and enhance connectivity, driving transformative engagement and innovation as we shape the future of industries. DayOne's data centers are located across tier-one and emerging markets, including Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong SAR, Tokyo, and Finland. 

DayOne was established in 2022 in Singapore and became an independent group on January 1, 2025, following its deconsolidation from former parent company. DayOne is majority-owned by global investors, such as SoftBank Vision Fund, Citadel CEO Kenneth Griffin, Coatue Management, and so on.

Marketing & Media
Marketing@dayonedc.com 


A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e73e115b-ee8a-425c-9182-2898f25545aa 

SOURCE: DAYONE DATA CENTERS SINGAPORE PTE. LTD.

Interactive Brokers Launches Zero-Commission US Stock Trading in Singapore

 

Singapore Residents Can Trade US Stocks and ETFs Around the Clock with No Commissions and No Platform or Settlement Fees


GREENWICH, Conn., Aug 15 (Bernama-BUSINESS WIRE) -- Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, today announced the launch of its IBKR Lite pricing plan in Singapore. This plan offers Singaporean investors a commission-free way to trade US stocks and ETFs around the clock.

Unlike other brokers that promote “zero commissions” but charge platform or settlement fees, the Singaporean IBKR Lite program delivers true cost transparency with no commissions, platform or settlement fees, or minimums, giving Singapore investors easy and low-cost access to the US markets.

IBKR Lite complements the firm’s existing IBKR Pro pricing plan, which utilizes IB SmartRouting^℠ to help optimize execution. Clients can switch between Lite and Pro at any time, depending on their trading needs. Both plans offer IBKR’s award-winning platforms, tools, and global market access.

“We’re pleased to bring zero-commission US stock trading to investors in Singapore,” said Yujun Lin, Chief Executive Officer of Interactive Brokers Singapore. “With IBKR Lite, clients benefit from cost-effective access to the US markets, with zero commissions and no platform or settlement fees. This gives Singaporean investors yet another way to utilize IBKR’s transparent and powerful platform, and this launch reflects our continued commitment to offering the best value and trading experience globally.”

IBKR Lite in Singapore Includes:

• Zero commissions on US stocks and ETFs, around the clock, 5 days a week
• No platform or settlement fees, ticket charges, or account minimums
• Transparent, low commissions on options, futures, and mutual funds
• Participation in the Stock Yield Enhancement Program to earn income on fully-paid shares
• Competitive interest on uninvested cash balances and low margin loan interest rates

Additional Features for Singapore-Based Investors:

• Access to 160+ global markets across stocks, options, futures, currencies, bonds, and funds
• Trading and funding in up to 28 currencies, including the Singapore Dollar (SGD)
• Use of IBKR Desktop and IBKR GlobalTrader, modern platforms optimized for global investing
• Overnight trading on 10,000+ US stocks and ETFs — trade during Asian hours even when US markets are closed
• Fractional shares to invest flexibly with small cash balances
• Recurring investments to automate long-term strategies
• AI-powered news summaries for faster, informed decision-making

For more information about IBKR Lite in Singapore, visit IBKR Lite - Singapore

The best-informed investors choose Interactive Brokers

About Interactive Brokers Group, Inc.: 
Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities, foreign exchange, and forecast contracts around the clock on over 160 markets in numerous countries and currencies from a single unified platform to clients worldwide. We serve individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation have enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. Interactive Brokers has consistently earned recognition as a top broker, garnering multiple awards and accolades from respected industry sources such as Barron's, Investopedia, Stockbrokers.com, and many others. 

Follow Interactive Brokers on social media:
US and World (except Europe): Facebook, Instagram, LinkedIn, X, YouTube, TikTok
UK and Europe:  Facebook, Instagram, X, TikTok

View source version on businesswire.com: https://www.businesswire.com/news/home/20250812055965/en/ 

Contact

Contacts for Interactive Brokers Group, Inc. Media: Katherine Ewert, media@ibkr.com

Source : Interactive Brokers Group, Inc.

Horizon Quantum Appoints Greg Gould as Chief Financial Officer

 

^{Greg Gould, CFO, Horizon Quantum.}


SINGAPORE, Aug 12 (Bernama-BUSINESS WIRE) -- Horizon Quantum Computing Pte. Ltd. (“Horizon Quantum”), a developer of advanced software development tools for quantum computers, today announced the appointment of Greg Gould to the role of Chief Financial Officer (“CFO”). Greg will lead key financial initiatives that are a part of Horizon Quantum’s long-term strategic growth plan.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250811421930/en/

 

Greg brings more than 35 years of experience in finance, technology, and operations, spanning leadership roles in both public and private companies. He has served as CFO of InsurTech company Groundspeed Analytics and AI-driven FitTech company FIT:MATCH.ai, and was named a Top CFO in Miami by Finance & Investing in 2023. He is currently a Venture Partner at 14Peaks Capital and an active technology investor. His earlier leadership roles include Senior Advisor at Corestate Capital and SVP of Strategic Partnerships & Investor Relations at PropTech startup Quarters, where he spearheaded strategic partnerships, operational efficiencies, and business expansion.

Greg began his career at Goldman Sachs, where he was a top-ranked technology analyst covering the FinTech and IT services sectors. He later became a Managing Director and Co-Deputy Business Unit Leader of Goldman’s Global Technology Research Group, overseeing more than $50 billion in financings, including the IPOs of Accenture, Mastercard, Sabre, and Sapient. Greg holds a B.S. in Finance from the Massachusetts Institute of Technology (“MIT”).

“Horizon Quantum is at the forefront of the quantum computing revolution, and I’m excited to join this exceptional team as we scale our impact globally,” said Greg Gould. “As CFO, I look forward to aligning our financial strategy with our technological roadmap, ensuring we have the resources, discipline, and operational excellence to achieve our ambitious goals.”

“Greg brings together growth-stage CFO experience with deep capital-markets expertise gained from leadership roles in Goldman Sachs’ Global Technology Research Group. We believe he is ideally suited to help strengthen planning, controls, and stakeholder communication as we enter our next phase of growth. Greg‘s institutional relationships will be invaluable as we transform into a public company,” said Joe Fitzsimons, Founder and Chief Executive Officer of Horizon Quantum.

About Horizon Quantum

Horizon Quantum is developing a new generation of programming tools to simplify and expedite the process of developing software for quantum computers. By removing the need for prior quantum computing experience to develop applications for quantum hardware, Horizon’s tools seek to make the power of quantum computing accessible to every software developer.

The company was founded by Dr Joe Fitzsimons in 2018, a former professor with two decades of experience in quantum computing and computational complexity theory. The leadership team also includes Dr Si-Hui Tan, Chief Science Officer, who holds a Ph.D. in Physics from MIT and has been actively involved in quantum research for the same period.

Forward-Looking Statements

This press release includes “forward-looking statements” with respect to Horizon Quantum. The expectations, estimates, and projections of the businesses of Horizon Quantum may differ from their actual results and consequently, you should not rely on these forward looking statements as predictions of future events. Words such as “will,” “believe,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, expectations with respect to future performance of Horizon Quantum anticipated impact of hiring Greg Gould as CFO. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside of the control of Horizon Quantum and are difficult to predict. Factors that may cause such differences include but are not limited to the ability to recognize the anticipated benefits of the hiring of Greg Gould, which may be affected by, among other things, competition, the ability of Horizon Quantum to grow and manage growth profitably and retain its key employees. The foregoing list of factors is not exclusive. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. Horizon Quantum does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required by law. Past performance by Horizon Quantum’s management team and its affiliates is not a guarantee of future performance. Therefore, you should not place undue reliance on the historical record of the performance of Horizon Quantum’s management team or businesses associated with them as indicative of future performance of an investment or the returns that Horizon Quantum will, or are likely to, generate going forward.

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media@horizonquantum.com

Source : Horizon Quantum Computing

​Ripple to Acquire Rail for $200M, Expanding Leadership in Stablecoin Payments

SAN FRANCISCO & TORONTO, Aug 8 (Bernama-BUSINESS WIRE) -- Ripple, the leader in enterprise blockchain and crypto solutions, today announced it has agreed to acquire Rail, a stablecoin-powered platform for global payments, for $200 million. With this deal, Ripple and Rail will deliver the most comprehensive stablecoin payments solution available in the market

This acquisition will boost Ripple's standing as the leader in digital asset payments infrastructure. Ripple Payments offers a broad payout network, market-leading digital asset liquidity, and a kit of more than 60 licenses to manage customers’ payment flows compliantly. Rail adds to Ripple’s capabilities with virtual accounts and automated back-office infrastructure, streamlining operations.

“Stablecoins are quickly becoming a cornerstone of modern finance, and with Rail, we are uniquely positioned to drive the next phase of innovation and adoption of stablecoins and blockchain in global payments,” said Monica Long, Ripple President. “Ripple has one of the most widely used digital asset payment networks in the world, and this acquisition underscores our commitment to helping our global customer base to move money wherever and whenever they need.”

The Ripple and Rail Advantage

As demand for stablecoin-based flows continues to rise, Ripple and Rail will enable customers to meet this market shift head-on. Together, they will:

· Stablecoin On/Off-Ramps and Asset Flexibility: offer comprehensive stablecoin pay-ins and pay-outs across key corridors, including USD payments, without requiring customers to hold crypto on their balance sheets.
· Third-Party and Treasury Payments: offer flexibility to customers, enabling them to manage multiple payment types including third-party payments (on behalf of their customers) as well as internal treasury flows, seamlessly through a single platform.
· Premium Digital Asset Liquidity: support payments across a variety of digital assets like RLUSD, XRP and others, and provide competitive pricing on high-value tickets.
· Virtual Account and Collections: enable customers to transact with digital assets without the need to open dedicated crypto bank accounts or wallets on centralized exchanges, lowering barriers to entry and removing operational hurdles.
· Simple Integration and Always-On Infrastructure: connect customers to a global payment network that operates 24/7/365 through a single API for streamlined onboarding.
· Enterprise-Grade Compliance and Licensed: deliver regulated, secure payment flows with 60+ licenses that meet the highest standards for financial institutions.
· Banking Partner Network: offer a new level of built-in redundancy and reliability through the collective multi-bank partner network, giving clients resilient global coverage.
 
Ripple’s suite of solutions offers customers a one-stop shop to seamlessly connect traditional payment networks with blockchains, obtain low-cost liquidity for stablecoins and other digital assets, and the ability to securely custody digital assets.

“Over the last four years, Rail built the fastest way to settle business payments internationally using stablecoins, and in 2025, Rail is forecasted to process over 10% of the $36B global B2B stablecoin payments. Ripple shares our vision, and together, we’re excited to bring our innovation to the millions of businesses that move money internationally,” said Bhanu Kohli, Rail CEO.

With over $3 billion invested to date in acquisitions and strategic opportunities, Ripple remains committed to actively expanding through M&A. The acquisition is subject to customary closing conditions, including required regulatory approvals, and is expected to close in the fourth quarter of 2025.

About Ripple

Ripple is the leading provider of digital asset infrastructure for financial institutions—delivering simple, compliant, reliable software that unlocks efficiencies, reduces friction, and enhances innovation in global finance. Ripple’s solutions leverage the XRP Ledger and its native digital asset, XRP, which was purpose-built to enable fast, low-cost, highly scalable transactions across developer and financial use cases. With a proven track record working with regulators and policymakers around the world, Ripple’s payments, custody and stablecoin solutions are pioneering the digital asset economy—building credibility and trust in enterprise blockchain. Together with customers, partners and the developer community, we are transforming the way the world stores, exchanges, and moves value.

About Rail

Rail is a payment infrastructure platform that compliantly connects the best of fiat and stablecoin technologies so that clients can move money fast, save costs, and build to grow — all via a single API. Rail enables fintechs, payment providers, neobanks, enterprise orgs, and more to offer payment solutions for their operations (and their customers’) with everything from virtual IBANs and named accounts to USD Rails and third party payments. With more than 12 banking partners, Rail offers unprecedented redundancy so that clients can move their money with confidence.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250807771714/en/ 

Contact

Media Contact:
Stacey Ngo, press@ripple.com 

Source : Ripple

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