KUALA LUMPUR, June 12 (Bernama) -- Global credit rating agency, AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent) to Hong Kong’s SAIC Motor Insurance Limited (SAIC Captive).
The outlook assigned to these credit ratings (ratings) is stable, reflecting SAIC Captive’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
Established in 2025, SAIC Captive is a single-parent captive of SAIC Motor Corporation Limited (SAIC Motor), the largest state-owned motor manufacturer in China, and serves as its dedicated risk management and insurance arm.
According to AM Best in a statement, SAIC Motor is majority owned by Shanghai Automotive Industry (Group) Co Ltd (SAIC Group), the ultimate parent, which is wholly owned by the Shanghai municipal government.
During its start-up phase, SAIC Captive is primarily focused on underwriting individual motor liabilities for SAIC Motor-produced vehicles, including motor extended warranty, product replacement coverage and expense reimbursement insurance, while prudently retaining group-related commercial risks.
AM Best said SAIC Captive's very strong balance sheet strength assessment is supported by its initial capital of US$49 million and risk-adjusted capitalisation, as measured by Best's Capital Adequacy Ratio, which is projected to remain at the strongest level under its initial five-year plan from 2026 to 2030. (US$1=RM4.05)
The credit rating agency attributed this to low underwriting leverage, a prudent investment portfolio, strong liquidity and appropriate reinsurance arrangements.
SAIC Captive projects moderate underwriting losses during its early years due to start-up expenses but expects a turnaround within the first five years of operation. The company also expects its bottom line to be supported largely by investment income, generating an average mid- to low-single-digit return on capital and surplus over the next five years.
AM Best said SAIC Captive's operational and business execution risks are manageable and are partially offset by the company's management experience, underwriting expertise and accumulated data from its key business lines.
-- BERNAMA
Friday, 12 June 2026
AM BEST RATES EXCELLENT CREDIT RATINGS FOR HONG KONG’S SAIC CAPTIVE
SOLUM SHOWCASES SMART RETAIL SOLUTIONS, PARTNERSHIPS IN SOUTHEAST ASIA
 |
| SOLUM introduced its local partnership models in Singapore (Image: SOLUM) |
KUALA LUMPUR, June 12 (Bernama) -- SOLUM has held its "Singapore Private Show", showcasing smart retail solutions and partnership models tailored to the Southeast Asian market as it seeks to expand its regional presence.
The company said the event brought together retailers and solution providers from sectors including grocery, shopping malls, convenience stores, cosmetics and electronics to explore technologies aimed at improving monetisation, operational efficiency and artificial intelligence (AI)-driven transformation.
According to SOLUM in a statement, the showcase highlighted collaborations with five partners — Huawei APAC, Omnishelf, NStory, elTOV and Broadsign — to support retailers through digitalisation and data-driven services.
SOLUM Singapore Head, Yi Ki Chul said the company has established a collaborative framework combining its operational capabilities with the local data and infrastructure expertise of its partners.
He said proven references are an important competitive factor in the Southeast Asian market and that the company aims to convert proof-of-concept discussions from the event into practical deployments in retail operations.
In the area of monetisation, SOLUM said it is working with Broadsign to help retailers generate new revenue streams through in-store advertising, while collaboration with NStory focuses on data-driven monetisation strategies for the food and beverage and small and medium-sized business segments.
To improve operational efficiency, the company has jointly developed a Bluetooth Low Energy (BLE)-based network environment with Huawei APAC to support Internet of Things (IoT) devices, including Electronic Shelf Labels (ESL), and integrated its platform with Omnishelf to enable real-time shelf inventory digitisation.
SOLUM is also supplying hardware to elTOV to support the development of an AI-powered wayfinding service model for shopping malls and airports, reflecting growing adoption of AI-based visitor engagement services in Southeast Asia.
-- BERNAMA
Bitget Makes Professional US Stock Market Data Free
VICTORIA, Seychelles, June 12 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world’s largest Universal Exchange (UEX), has introduced free Level 2 market data for US stocks, becoming one of the first trading platforms to offer professional-grade market depth information to eligible users at no additional cost.
Level 2 market data has historically been associated with professional trading desks and institutional participants due to the cost of exchange data licensing. By making these tools available to eligible users at no additional cost, Bitget is lowering one of the longstanding barriers between retail and professional market access, while providing deeper visibility into order flow and liquidity conditions.
The feature provides access to Nasdaq TotalView and Blue Ocean market data feeds, offering up to 40 levels of bid and ask depth, depth charts, and real-time trade information across US pre-market, regular trading hours, after-hours, and overnight sessions. Eligible users who qualify for VIP 1 through trading volume or VIP 3 through asset holdings can access the service free of charge, amounting to annual savings of up to $276 compared with traditional market data subscriptions.
The launch follows the announcement of Bitget's Stocks 2.0, which has expanded access to equities, ETFs, stock perpetuals, tokenized assets, and multi-asset trading tools. As the lines between crypto and traditional markets continue to blur, traders increasingly expect the same level of market intelligence and execution tools regardless of asset class.
“Crypto makes financial opportunities more open and accessible,” said Gracy Chen, CEO of Bitget. “In traditional markets, data and insights come at a premium. We’re eradicating that by making professional grade stock market data available to our users, who can now access tools that were once limited to a small segment of the market.”
This further expands Bitget's Universal Exchange vision, where crypto assets and tokenized financial instruments live together, operating within a unified trading environment. By combining professional-grade market infrastructure with multi-asset access, Bitget continues building toward a trading experience where users can navigate global markets from a single platform.
For more information, visit here.
About Bitget
Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6d83c5a1-52e2-4800-bed7-53748ef2b0d9
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Level 2 market data has historically been associated with professional trading desks and institutional participants due to the cost of exchange data licensing. By making these tools available to eligible users at no additional cost, Bitget is lowering one of the longstanding barriers between retail and professional market access, while providing deeper visibility into order flow and liquidity conditions.
The feature provides access to Nasdaq TotalView and Blue Ocean market data feeds, offering up to 40 levels of bid and ask depth, depth charts, and real-time trade information across US pre-market, regular trading hours, after-hours, and overnight sessions. Eligible users who qualify for VIP 1 through trading volume or VIP 3 through asset holdings can access the service free of charge, amounting to annual savings of up to $276 compared with traditional market data subscriptions.
The launch follows the announcement of Bitget's Stocks 2.0, which has expanded access to equities, ETFs, stock perpetuals, tokenized assets, and multi-asset trading tools. As the lines between crypto and traditional markets continue to blur, traders increasingly expect the same level of market intelligence and execution tools regardless of asset class.
“Crypto makes financial opportunities more open and accessible,” said Gracy Chen, CEO of Bitget. “In traditional markets, data and insights come at a premium. We’re eradicating that by making professional grade stock market data available to our users, who can now access tools that were once limited to a small segment of the market.”
This further expands Bitget's Universal Exchange vision, where crypto assets and tokenized financial instruments live together, operating within a unified trading environment. By combining professional-grade market infrastructure with multi-asset access, Bitget continues building toward a trading experience where users can navigate global markets from a single platform.
For more information, visit here.
About Bitget
Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6d83c5a1-52e2-4800-bed7-53748ef2b0d9
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Thursday, 11 June 2026
AERIS WINS CONNECTIVITY LEADER AWARD AT AUTOTECH AWARDS 2026
KUALA LUMPUR, June 11 (Bernama) -- Aeris, a global leader in wireless management platforms, security services, and connected vehicle programmes, has won the Connectivity Leader Award at the AutoTech Awards 2026.
The award recognises leaders in automotive connectivity and innovation that enhance vehicle integration and the driver experience. Aeris was honoured for advancing connected mobility through its ability to simplify management, enhance security and optimise performance at scale.
As the unifying platform for automotive ecosystems worldwide, Aeris' connectivity management platform (CMP) powers more than 30 automotive original equipment manufacturers (OEMs) through its tier-one mobile network operator (MNO) partners, supporting more than 41 million connected vehicles across 180 countries.
“We are deeply honoured to receive this recognition from AutoTech. The connected vehicle ecosystem is complex. It is challenging to manage a sprawling global fleet across multiple carriers while keeping pace with growing applications and unseen risks.
“Aeris gives auto OEMs a single pane of glass to manage the integration of global connectivity, security, and vehicle services, enhanced with agentic AI, so they can focus on delivering exceptional experiences to their customers,” said its Chief Executive Officer, Aziz Benmalek in a statement.
Aeris said its platform helps OEMs and fleet operators improve operational observability and analytics across the connected vehicle ecosystem, while enabling earlier issue detection and faster response through proactive monitoring, cross-service correlation, over-the-air (OTA) assurance and fleet control strategies.
The platform also strengthens security across connected fleets through zero-trust policy enforcement, delivers connected experiences at scale across automotive Internet of Things (IoT) use cases, and provides next-generation connectivity through 5G Standalone (SA) communications.
-- BERNAMA
The award recognises leaders in automotive connectivity and innovation that enhance vehicle integration and the driver experience. Aeris was honoured for advancing connected mobility through its ability to simplify management, enhance security and optimise performance at scale.
As the unifying platform for automotive ecosystems worldwide, Aeris' connectivity management platform (CMP) powers more than 30 automotive original equipment manufacturers (OEMs) through its tier-one mobile network operator (MNO) partners, supporting more than 41 million connected vehicles across 180 countries.
“We are deeply honoured to receive this recognition from AutoTech. The connected vehicle ecosystem is complex. It is challenging to manage a sprawling global fleet across multiple carriers while keeping pace with growing applications and unseen risks.
“Aeris gives auto OEMs a single pane of glass to manage the integration of global connectivity, security, and vehicle services, enhanced with agentic AI, so they can focus on delivering exceptional experiences to their customers,” said its Chief Executive Officer, Aziz Benmalek in a statement.
Aeris said its platform helps OEMs and fleet operators improve operational observability and analytics across the connected vehicle ecosystem, while enabling earlier issue detection and faster response through proactive monitoring, cross-service correlation, over-the-air (OTA) assurance and fleet control strategies.
The platform also strengthens security across connected fleets through zero-trust policy enforcement, delivers connected experiences at scale across automotive Internet of Things (IoT) use cases, and provides next-generation connectivity through 5G Standalone (SA) communications.
-- BERNAMA
SMARTSTREAM CUTS CTSL RECONCILIATION TIME TO UNDER FIVE MINUTES
KUALA LUMPUR, June 11 (Bernama) -- Smartstream, a data solutions provider, announced that Comrade Trustee Services Limited (CTSL) has gone live with Smartstream’s Air, the artificial intelligence (AI) reconciliation and data automation solution, reducing processing times from eight hours to under five minutes.
In a statement, Smartstream said the implementation delivers a fully automated, straight-through reconciliation workflow, enabling CTSL to improve operational efficiency, accuracy and auditability.
“This go-live demonstrates how AI-driven data automation can address complex data structures and file formats, delivering measurable efficiency gains and improved accuracy. We look forward to continuing our partnership with CTSL as their needs evolve,” said Smartstream Regional Director, APAC, Radha Pillay.
Meanwhile, Comrade Trustee Services General Manager Member Services, Freddy Manihoru said moving to Smartstream’s Air had transformed the company's reconciliation processes.
“What was previously a highly manual and complex process is now fully automated, enabling us to accurately manage our members' contributions and ensure that no contributions are missed or inconsistent,” he said.
According to Smartstream, CTSL operates in a complex data environment, reconciling multiple file types, including fixed-length files and PDFs that require advanced matching logic.
CTSL adopted Air for its ability to handle diverse data structures, custom integrations and ETL-based transformations, delivering high automation and match rates while replacing manual data collection and Excel pre-processing.
Smartstream said Air uses AI to automate reconciliations, improve match rates and provide full auditability across complex and high-volume data environments, supporting scalability, control and operational resilience.
-- BERNAMA
In a statement, Smartstream said the implementation delivers a fully automated, straight-through reconciliation workflow, enabling CTSL to improve operational efficiency, accuracy and auditability.
“This go-live demonstrates how AI-driven data automation can address complex data structures and file formats, delivering measurable efficiency gains and improved accuracy. We look forward to continuing our partnership with CTSL as their needs evolve,” said Smartstream Regional Director, APAC, Radha Pillay.
Meanwhile, Comrade Trustee Services General Manager Member Services, Freddy Manihoru said moving to Smartstream’s Air had transformed the company's reconciliation processes.
“What was previously a highly manual and complex process is now fully automated, enabling us to accurately manage our members' contributions and ensure that no contributions are missed or inconsistent,” he said.
According to Smartstream, CTSL operates in a complex data environment, reconciling multiple file types, including fixed-length files and PDFs that require advanced matching logic.
CTSL adopted Air for its ability to handle diverse data structures, custom integrations and ETL-based transformations, delivering high automation and match rates while replacing manual data collection and Excel pre-processing.
Smartstream said Air uses AI to automate reconciliations, improve match rates and provide full auditability across complex and high-volume data environments, supporting scalability, control and operational resilience.
-- BERNAMA
SMARTSTREAM CUTS CTSL RECONCILIATION TIME TO UNDER FIVE MINUTES
KUALA LUMPUR, June 11 (Bernama) -- Smartstream, a data solutions provider, announced that Comrade Trustee Services Limited (CTSL) has gone live with Smartstream’s Air, the artificial intelligence (AI) reconciliation and data automation solution, reducing processing times from eight hours to under five minutes.
In a statement, Smartstream said the implementation delivers a fully automated, straight-through reconciliation workflow, enabling CTSL to improve operational efficiency, accuracy and auditability.
“This go-live demonstrates how AI-driven data automation can address complex data structures and file formats, delivering measurable efficiency gains and improved accuracy. We look forward to continuing our partnership with CTSL as their needs evolve,” said Smartstream Regional Director, APAC, Radha Pillay.
Meanwhile, Comrade Trustee Services General Manager Member Services, Freddy Manihoru said moving to Smartstream’s Air had transformed the company's reconciliation processes.
“What was previously a highly manual and complex process is now fully automated, enabling us to accurately manage our members' contributions and ensure that no contributions are missed or inconsistent,” he said.
According to Smartstream, CTSL operates in a complex data environment, reconciling multiple file types, including fixed-length files and PDFs that require advanced matching logic.
CTSL adopted Air for its ability to handle diverse data structures, custom integrations and ETL-based transformations, delivering high automation and match rates while replacing manual data collection and Excel pre-processing.
Smartstream said Air uses AI to automate reconciliations, improve match rates and provide full auditability across complex and high-volume data environments, supporting scalability, control and operational resilience.
-- BERNAMA
In a statement, Smartstream said the implementation delivers a fully automated, straight-through reconciliation workflow, enabling CTSL to improve operational efficiency, accuracy and auditability.
“This go-live demonstrates how AI-driven data automation can address complex data structures and file formats, delivering measurable efficiency gains and improved accuracy. We look forward to continuing our partnership with CTSL as their needs evolve,” said Smartstream Regional Director, APAC, Radha Pillay.
Meanwhile, Comrade Trustee Services General Manager Member Services, Freddy Manihoru said moving to Smartstream’s Air had transformed the company's reconciliation processes.
“What was previously a highly manual and complex process is now fully automated, enabling us to accurately manage our members' contributions and ensure that no contributions are missed or inconsistent,” he said.
According to Smartstream, CTSL operates in a complex data environment, reconciling multiple file types, including fixed-length files and PDFs that require advanced matching logic.
CTSL adopted Air for its ability to handle diverse data structures, custom integrations and ETL-based transformations, delivering high automation and match rates while replacing manual data collection and Excel pre-processing.
Smartstream said Air uses AI to automate reconciliations, improve match rates and provide full auditability across complex and high-volume data environments, supporting scalability, control and operational resilience.
-- BERNAMA
Tuesday, 9 June 2026
Mavenir and TextNow Win Best MVNO and Industry Collaboration at MVNOs World Awards
Award-winning collaboration delivers transformative results: eSIM activations surge from 2% to 94% in six months and paid subscribers more than double year-over-year
RICHARDSON, Texas and WATERLOO, Ontario, June 9 (Bernama-GLOBE NEWSWIRE) -- Mavenir, the software company building mobile networks that are AI-by-design, and TextNow, the leading ad-supported U.S. free wireless service, have been jointly awarded Best MVNO and Industry Collaboration at the MVNOs World Awards in Amsterdam. The award recognizes the pair's collaboration to redefine real-time entitlement control for a freemium, ad-supported, and paid mobile service operating at scale across the United States and Canada.
TextNow serves more than 10 million monthly active users, many moving fluidly between freemium, ad-supported, time-bound, and paid plans within the same day. Sustaining that flexibility at scale, consistent, real-time service enforcement, demanded a fundamentally different approach to MVNO architecture.
Mavenir's integrated BSS, Converged Charging System (CCS), Packet Core, and IMS were deployed as a unified control plane, repositioning CCS as the real-time entitlement authority driving network behavior rather than a back-office billing platform. Entitlement changes including ad engagement, SIM activation, plan upgrades and quota exhaustion are now enforced instantly in the network, without manual reconciliation or delayed synchronization. The business impact has been transformative: eSIM activations grew from 2% to 94% of all new activations within six months of deployment, while paid wireless subscribers more than doubled year over year.
Derek Ting, CEO of TextNow: "We exist to prove reliable wireless service doesn't have to be expensive. Mavenir's integrated platform gave us real-time control over every aspect of the customer experience, from instant eSIM activation to seamless transitions between free and paid plans, while fundamentally improving our unit economics at scale. This award validates the architecture, but what matters most is what it unlocks: the ability to keep pushing the boundaries of what a free wireless service can deliver to millions of customers."
The deployment, built on a 5G-first, active-active geo-redundant design, delivers 99.999% availability for carrier-grade operations. A no-code and low-code configuration model has accelerated time-to-market by decoupling offer creation from engineering cycles, while direct SIM ownership enabled eSIM adoption and materially improved the customer activation journey by allowing new subscribers to activate service instantly, entirely within the app.
Pardeep Kohli, Chief Executive Officer, Mavenir: "This award is a testament to what becomes possible when BSS and Core are truly integrated. TextNow pushed the boundaries of what an MVNO can be, and Mavenir's architecture rose to meet that ambition. Together, we proved that cloud-native, open network software is not just viable for complex digital MVNOs - it is the enabler."
The MVNOs World Awards, organized by Informa in Amsterdam, recognizes excellence across the virtual network operator industry. The Best MVNO and Industry Collaboration category honors partnerships that demonstrate measurable impact through joint innovation.
About Mavenir
Mavenir is enabling intelligent, automated, programmable networks through the development of telco-first, cloud-native, AI-by-design software solutions for mobile operators. The company's deep telco domain expertise has been proven through deployments with 300+ operators globally in over 120 countries, which together serve more than 50% of the world's subscribers. Mavenir combines its deep telco experience with the cloud and IT expertise and data science skillsets essential to solving real customer challenges. Its proven software solutions are AI by design, delivering the AI-native future and operators' evolution to TechCos. For more information, please visit www.mavenir.com.
About TextNow
Founded in Waterloo, Ontario in 2009, TextNow is the largest ad-supported free wireless service in the United States, built on the belief that phone service should be more flexible, accessible and affordable for everyone. TextNow delivers wireless service through an app, giving customers unlimited talk and text, free data for 25+ apps and access to the same 5G network as the major carriers. Those who need more can add wireless data on their own terms by the day, week, or month, and remove ads with the Unlimited Plan. For more information, visit textnow.com or find us free in the App Store and Google Play.
Press Contacts
Mavenir
Emmanuela Spiteri | PR@mavenir.com
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/6532001f-d1bc-4121-9af4-dfb4b1e2e633
SOURCE: Mavenir Systems, Inc.
RICHARDSON, Texas and WATERLOO, Ontario, June 9 (Bernama-GLOBE NEWSWIRE) -- Mavenir, the software company building mobile networks that are AI-by-design, and TextNow, the leading ad-supported U.S. free wireless service, have been jointly awarded Best MVNO and Industry Collaboration at the MVNOs World Awards in Amsterdam. The award recognizes the pair's collaboration to redefine real-time entitlement control for a freemium, ad-supported, and paid mobile service operating at scale across the United States and Canada.
TextNow serves more than 10 million monthly active users, many moving fluidly between freemium, ad-supported, time-bound, and paid plans within the same day. Sustaining that flexibility at scale, consistent, real-time service enforcement, demanded a fundamentally different approach to MVNO architecture.
Mavenir's integrated BSS, Converged Charging System (CCS), Packet Core, and IMS were deployed as a unified control plane, repositioning CCS as the real-time entitlement authority driving network behavior rather than a back-office billing platform. Entitlement changes including ad engagement, SIM activation, plan upgrades and quota exhaustion are now enforced instantly in the network, without manual reconciliation or delayed synchronization. The business impact has been transformative: eSIM activations grew from 2% to 94% of all new activations within six months of deployment, while paid wireless subscribers more than doubled year over year.
Derek Ting, CEO of TextNow: "We exist to prove reliable wireless service doesn't have to be expensive. Mavenir's integrated platform gave us real-time control over every aspect of the customer experience, from instant eSIM activation to seamless transitions between free and paid plans, while fundamentally improving our unit economics at scale. This award validates the architecture, but what matters most is what it unlocks: the ability to keep pushing the boundaries of what a free wireless service can deliver to millions of customers."
The deployment, built on a 5G-first, active-active geo-redundant design, delivers 99.999% availability for carrier-grade operations. A no-code and low-code configuration model has accelerated time-to-market by decoupling offer creation from engineering cycles, while direct SIM ownership enabled eSIM adoption and materially improved the customer activation journey by allowing new subscribers to activate service instantly, entirely within the app.
Pardeep Kohli, Chief Executive Officer, Mavenir: "This award is a testament to what becomes possible when BSS and Core are truly integrated. TextNow pushed the boundaries of what an MVNO can be, and Mavenir's architecture rose to meet that ambition. Together, we proved that cloud-native, open network software is not just viable for complex digital MVNOs - it is the enabler."
The MVNOs World Awards, organized by Informa in Amsterdam, recognizes excellence across the virtual network operator industry. The Best MVNO and Industry Collaboration category honors partnerships that demonstrate measurable impact through joint innovation.
About Mavenir
Mavenir is enabling intelligent, automated, programmable networks through the development of telco-first, cloud-native, AI-by-design software solutions for mobile operators. The company's deep telco domain expertise has been proven through deployments with 300+ operators globally in over 120 countries, which together serve more than 50% of the world's subscribers. Mavenir combines its deep telco experience with the cloud and IT expertise and data science skillsets essential to solving real customer challenges. Its proven software solutions are AI by design, delivering the AI-native future and operators' evolution to TechCos. For more information, please visit www.mavenir.com.
About TextNow
Founded in Waterloo, Ontario in 2009, TextNow is the largest ad-supported free wireless service in the United States, built on the belief that phone service should be more flexible, accessible and affordable for everyone. TextNow delivers wireless service through an app, giving customers unlimited talk and text, free data for 25+ apps and access to the same 5G network as the major carriers. Those who need more can add wireless data on their own terms by the day, week, or month, and remove ads with the Unlimited Plan. For more information, visit textnow.com or find us free in the App Store and Google Play.
Press Contacts
Mavenir
Emmanuela Spiteri | PR@mavenir.com
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/6532001f-d1bc-4121-9af4-dfb4b1e2e633
SOURCE: Mavenir Systems, Inc.
Resident Evil Veronica to Launch in 2027!
Resident Evil Veronica key art
– Capcom aims to further enhance the IP’s value by remaking a popular title of the series –
OSAKA, Japan, June 9 (Bernama-BUSINESS WIRE) -- Capcom Co., Ltd. (TOKYO:9697) today announced that Resident Evil Veronica, the latest title in the Resident Evil series, is scheduled for release in 2027.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260608994346/en/
Resident Evil Veronica is a remake of the original Resident Evil Code: Veronica, released in the year 2000. While preserving the appeal of the original, Capcom is developing the 2027 release as the latest installment of the Resident Evil series, with a reimagined story and high-quality graphics made possible by the company’s proprietary RE ENGINE. The company is steadily developing the game to satisfy both fans of the series and newcomers alike. The release date, along with further details, will be announced at a later date.
Capcom remains firmly committed to satisfying the expectations of all users by leveraging its industry leading game development capabilities in order to create highly entertaining gameplay experiences.
* As of March 31, 2026
ABOUT CAPCOM
Capcom is a leading worldwide developer, publisher and distributor of interactive entertainment for game consoles, PCs, handheld and wireless devices. Founded in 1983, the company has created hundreds of games, including groundbreaking franchises Resident Evil™, Monster Hunter™, Street Fighter™, Mega Man™, Devil May Cry™ and Ace Attorney™. Capcom maintains operations in the U.S., U.K., Germany, France, Hong Kong, Taiwan, Singapore and Tokyo, with corporate headquarters located in Osaka, Japan. More information about Capcom can be found at https://www.capcom.co.jp/ir/english/
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260608994346/en/
Contact
Capcom Public Relations & Investor Relations Section
+81-6-6920-3623
Source : Capcom Co., Ltd.
Friday, 5 June 2026
Cloudflare Acquires VoidZero to Build the Future of the AI-Native Web
- Acquisition brings Vite, the world’s leading JavaScript build tool, and its core open source team to Cloudflare
- Cloudflare commits $1 million to an independent Vite ecosystem fund to support open source maintainers and contributors
SAN FRANCISCO, June 5 (Bernama-BUSINESS WIRE) -- Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced it has acquired VoidZero, the open source-first company behind the next-generation JavaScript tooling ecosystem Vite. The acquisition will unify VoidZero’s high-performance tooling — including the Vite build tool, Vitest test runner, Rust-based Rolldown bundler and Oxc toolchain — natively into the Cloudflare ecosystem. By merging Cloudflare’s global edge network and Workers developer platform with the modern web's industry-standard toolchain, Cloudflare is creating a frictionless, one-click deployment stack from local code straight to Cloudflare’s global network.
Application development is undergoing a fundamental shift. The rise of autonomous AI coding agents has ushered in an era of rapid application scaffolding where speed and local-to-production predictability are paramount. VoidZero’s toolchain, anchored by Vite, has emerged as the shared substrate for the web ecosystem, capturing over 130 million weekly downloads. The Cloudflare Vite plugin has reached 13.9 million weekly downloads — equivalent to more than 10% of Vite’s entire weekly volume — proving that developers are already choosing this combined stack for AI-coded applications.
"The best engineers I know are shipping more code than ever, and writing less of it by hand. AI is doing more of the typing — so everything around it has to keep up,” said Matthew Prince, co-founder and CEO of Cloudflare. "Evan and his team built Vite from scratch with the same philosophy we used to build Cloudflare: strip out the bloat and make it fast. Bringing them on board gives millions of developers, and the AI agents working alongside them, the fastest path from local code to our global network.”
VoidZero’s team of open source creators and Rust optimization specialists, led by widely recognized Vue.js and Vite creator Evan You, will join Cloudflare’s Emerging Technology and Incubation (ETI) organization. The team will continue to advance VoidZero's open source roadmap while accelerating deep integration with the Cloudflare Workers developer platform.
"Our mission at VoidZero has always been to eliminate the fragmentation and performance bottlenecks of the modern web stack," said Evan You, founder and CEO of VoidZero. "Cloudflare shares our obsession with speed and architectural purity. Joining forces allows us to keep the Vite ecosystem neutral, open, and vendor-agnostic, while giving us the resources and global infrastructure to supercharge the developer experience for millions of engineers worldwide."
By integrating VoidZero’s hyper-performant, Rust-based tooling directly into Cloudflare’s Workers developer platform, Cloudflare will unify the entire software development lifecycle. Developers and autonomous AI agents alike will be able to move from an idea to global production instantly via a native, pluggable vite deploy ecosystem. Through this acquisition, Cloudflare plans to drive a project-centric development paradigm, focusing on three core initiatives:
Unify the Developer Pipeline: Align the Cloudflare CLI natively with the seamless Vite workflow developers already love, bringing a frictionless end-to-end experience to every creator.
Enable Intent-Based Infrastructure: Evolve toward a workflow where a single Vite deploy command handles everything. If application logic declares a need for a database or an object store, a Vite application with Cloudflare integration will automatically detect that intent and natively provision Cloudflare resources like D1 or R2 — with no manual dashboard intervention required.
Maintain Open Source Steward Neutrality: Vite, Rolldown, Oxc, and Vitest will remain open source, vendor-agnostic and community-driven. Vite, Vitest, Rolldown, Oxc, and Vite+ will remain strictly open source under MIT licenses. Cloudflare is committing $1 million to a new independent Vite ecosystem fund to support community maintainers and contributors who are independent of both VoidZero and Cloudflare.
"At Lovable, we are empowering developers to build and deploy full-stack applications at unprecedented scale. An open and predictable toolchain is absolutely critical to that mission. As agents handle increasingly complex, real-time tasks, they require an underlying architecture that is performant and modular,” said Fabian Hedin, CTO and co-founder of Loveable. “By building our automated pipeline on Vite and leveraging its open ecosystem, we’ve been able to radically accelerate how AI agents generate, compile, and ship code. We have worked closely with the Cloudflare and VoidZero teams, and we’re excited to continue supporting and benefiting from the ecosystem they’ve helped create. Open-source infrastructure like Vite plays a critical role in the future of software development, and we’re encouraged to see its development remain independent and transparent.”
To learn more, please check out the resources below:
Cloudflare Blog: VoidZero is joining Cloudflare
About Cloudflare
Cloudflare, Inc. (NYSE: NET) is the leading connectivity cloud company. It empowers organizations to make their employees, applications and networks faster and more secure everywhere, while reducing complexity and cost. Cloudflare’s connectivity cloud delivers the most full-featured, unified platform of cloud-native products and developer tools, so any organization can gain the control they need to work, develop, and accelerate their business.
Powered by one of the world’s largest and most interconnected networks, Cloudflare blocks billions of threats online for its customers every day. It is trusted by millions of organizations – from the largest brands to entrepreneurs and small businesses to nonprofits, humanitarian groups, and governments across the globe.
Learn more about Cloudflare’s connectivity cloud at cloudflare.com/connectivity-cloud. Learn more about the latest Internet trends and insights at radar.cloudflare.com.
Follow us: Blog | X | LinkedIn | Facebook | Instagram
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “explore,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these words, or other similar terms or expressions that concern Cloudflare’s expectations, strategy, plans, or intentions. However, not all forward-looking statements contain these identifying words. Forward-looking statements expressed or implied in this press release include, but are not limited to, statements regarding the capabilities and effectiveness of Cloudflare’s Workers developer platform and other products technology and VoidZero‘s products and technology, the benefits to Cloudflare’s customers from using Cloudflare’s Workers developer platform and other products technology and VoidZero‘s products and technology, the timing of when Cloudflare’s Workers developer platform and VoidZero’s products and technology and or any of their related features will be fully integrated and generally available to all current and potential Cloudflare customers, the potential timing of the closing of Cloudflare’s acquisition of VoidZero, Cloudflare’s plans and objectives for, and the timing of, the integration of VoidZero’s products and technology into Cloudflare’s Workers developer platform, Cloudflare’s technological development, future operations, growth, initiatives, or strategies, and comments made by Cloudflare’s CEO and others. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Cloudflare’s filings with the Securities and Exchange Commission (SEC), including Cloudflare’s Quarterly Report on Form 10-Q filed on May 8, 2026, as well as other filings that Cloudflare may make from time to time with the SEC.
The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Cloudflare undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Cloudflare may not actually achieve the plans, intentions, or expectations disclosed in Cloudflare’s forward-looking statements, and you should not place undue reliance on Cloudflare’s forward-looking statements.
© 2026 Cloudflare, Inc. All rights reserved. Cloudflare, the Cloudflare logo, and other Cloudflare marks are trademarks and/or registered trademarks of Cloudflare, Inc. in the U.S. and other jurisdictions. All other marks and names referenced herein may be trademarks of their respective owners.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260604108073/en/
Contact
Cloudflare, Inc.
Daniella Vallurupalli
Vice President, Head of Global Communications
press@cloudflare.com
Source : Cloudflare, Inc.
--BERNAMA
Thursday, 4 June 2026
Bitdeer Launches SEALMINER DL1 Hydro Achieving 52.5 GH/s and 149 J/GH Power Efficiency
SINGAPORE, June 3 (Bernama-GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for AI and Bitcoin mining infrastructure, today announced the launch of its latest hydro-cooling mining machine, the SEALMINER DL1 Hydro. Designed for Scrypt algorithm mining, the DL1 Hydro integrates Bitdeer’s proprietary ASIC technology with a hydro-cooling thermal management system.
The SEALMINER DL1 Hydro is engineered to address hashrate density and energy consumption requirements for industrial-scale operations. By utilizing a hydro-cooling architecture, the machine is designed to maintain operational stability while managing the thermal demands of high-density data center environments.
Key Specifications of the SEALMINER DL1 Hydro*:Hash Rate: 52.5 GH/s
Power Efficiency: 149 J/GH
Power Consumption: 7,823 W
Supported Coins: Litecoin (LTC), Dogecoin (DOGE), Bellscoin (BELLS), Junkcoin (JKC), Luckycoin (LKY), and Pepecoin (PEP)
The DL1 Hydro features a standardized 2U form factor and a net weight of 21kg. This compact design facilitates optimal rack space utilization and streamlines installation in professional mining facilities. In addition to its compact form factor, the machine offers flexible performance modes to accommodate fluctuating power costs and network conditions.
In addition to the standard configuration, its proprietary High Hashrate Mode reaches an output of up to 55 GH/s at 157 J/GH for scenarios requiring enhanced performance, while the Low Power Mode prioritizes energy efficiency, delivering 42.5 GH/s at 132 J/GH to allow for precise operational optimization based on specific requirements.
The launch of the SEALMINER DL1 Hydro reinforces the focus on improving operational stability and hashrate density through hydro-cooling technology. Bitdeer will continue to uphold its principles of “Innovation, Efficiency, and Stability”, delivering high-quality and reliable products and services to miners worldwide.
*Note: Product performance may vary by ±5% in hashrate and power efficiency, and by ±10% in power consumption. Final specifications are based on delivered units.
About Bitdeer Technologies Group
Bitdeer is a world-leading technology company for AI and Bitcoin mining infrastructure. Bitdeer is committed to providing comprehensive Bitcoin mining solutions for its customers and building AI computational infrastructure to support the AI revolution. Bitdeer handles complex processes involved in computing such as equipment procurement, transport logistics, data center design and construction, equipment management, and daily operations. Bitdeer also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed data centers across multiple countries, including the United States, Norway, Bhutan, and Ethiopia.
About SEALMINER
SEALMINER, a pioneering brand of mining machines under Bitdeer Technologies Group (NASDAQ: BTDR), specializes in offering efficient and sustainable mining solutions. SEALMINER integrates Bitdeer's self-developed SEAL series of mining chips manufactured using advanced process nodes. By continuously improving power efficiency ratios, SEALMINER is dedicated to providing innovative, efficient, and reliable products and services to customers worldwide. To learn more, visit https://www.bitdeer.com/ or follow Bitdeer on X @Bitdeer and LinkedIn @Bitdeer.
Forward-Looking Statements
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “could,” “expect,” “intend,” “may,” “plan,” “should,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among others, statements regarding the expected performance, efficiency, deployment, mining output, or potential returns relating to Bitdeer’s products. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially include, but are not limited to, changes in cryptocurrency market prices, network difficulty and global hash rate, mining pool performance, electricity costs, operating conditions, regulatory developments, supply chain constraints, technological performance of the products, as well as potential risks, uncertainties and other factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as those discussed in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements as there are important factors that could cause actual results to differ materially from those in forward-looking statements, many of which are beyond Bitdeer’s control. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.
References to specific cryptocurrencies (including LTC, DOGE, BELLS, JKC, LKY, and PEP) are descriptive of algorithmic compatibility only and do not constitute investment advice, an offer, a solicitation, or a recommendation to acquire, hold, or trade any cryptocurrency or other digital asset.
Contacts
For Promotional Partnerships
marketing@bitdeer.com
For Sales Consultations:
sales@bitdeer.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/45544ee3-9cf6-4e4a-819d-773ea02114ba
SOURCE: Sealminer
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
The SEALMINER DL1 Hydro is engineered to address hashrate density and energy consumption requirements for industrial-scale operations. By utilizing a hydro-cooling architecture, the machine is designed to maintain operational stability while managing the thermal demands of high-density data center environments.
Key Specifications of the SEALMINER DL1 Hydro*:Hash Rate: 52.5 GH/s
Power Efficiency: 149 J/GH
Power Consumption: 7,823 W
Supported Coins: Litecoin (LTC), Dogecoin (DOGE), Bellscoin (BELLS), Junkcoin (JKC), Luckycoin (LKY), and Pepecoin (PEP)
The DL1 Hydro features a standardized 2U form factor and a net weight of 21kg. This compact design facilitates optimal rack space utilization and streamlines installation in professional mining facilities. In addition to its compact form factor, the machine offers flexible performance modes to accommodate fluctuating power costs and network conditions.
In addition to the standard configuration, its proprietary High Hashrate Mode reaches an output of up to 55 GH/s at 157 J/GH for scenarios requiring enhanced performance, while the Low Power Mode prioritizes energy efficiency, delivering 42.5 GH/s at 132 J/GH to allow for precise operational optimization based on specific requirements.
The launch of the SEALMINER DL1 Hydro reinforces the focus on improving operational stability and hashrate density through hydro-cooling technology. Bitdeer will continue to uphold its principles of “Innovation, Efficiency, and Stability”, delivering high-quality and reliable products and services to miners worldwide.
*Note: Product performance may vary by ±5% in hashrate and power efficiency, and by ±10% in power consumption. Final specifications are based on delivered units.
About Bitdeer Technologies Group
Bitdeer is a world-leading technology company for AI and Bitcoin mining infrastructure. Bitdeer is committed to providing comprehensive Bitcoin mining solutions for its customers and building AI computational infrastructure to support the AI revolution. Bitdeer handles complex processes involved in computing such as equipment procurement, transport logistics, data center design and construction, equipment management, and daily operations. Bitdeer also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed data centers across multiple countries, including the United States, Norway, Bhutan, and Ethiopia.
About SEALMINER
SEALMINER, a pioneering brand of mining machines under Bitdeer Technologies Group (NASDAQ: BTDR), specializes in offering efficient and sustainable mining solutions. SEALMINER integrates Bitdeer's self-developed SEAL series of mining chips manufactured using advanced process nodes. By continuously improving power efficiency ratios, SEALMINER is dedicated to providing innovative, efficient, and reliable products and services to customers worldwide. To learn more, visit https://www.bitdeer.com/ or follow Bitdeer on X @Bitdeer and LinkedIn @Bitdeer.
Forward-Looking Statements
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “could,” “expect,” “intend,” “may,” “plan,” “should,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among others, statements regarding the expected performance, efficiency, deployment, mining output, or potential returns relating to Bitdeer’s products. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially include, but are not limited to, changes in cryptocurrency market prices, network difficulty and global hash rate, mining pool performance, electricity costs, operating conditions, regulatory developments, supply chain constraints, technological performance of the products, as well as potential risks, uncertainties and other factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as those discussed in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements as there are important factors that could cause actual results to differ materially from those in forward-looking statements, many of which are beyond Bitdeer’s control. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.
References to specific cryptocurrencies (including LTC, DOGE, BELLS, JKC, LKY, and PEP) are descriptive of algorithmic compatibility only and do not constitute investment advice, an offer, a solicitation, or a recommendation to acquire, hold, or trade any cryptocurrency or other digital asset.
Contacts
For Promotional Partnerships
marketing@bitdeer.com
For Sales Consultations:
sales@bitdeer.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/45544ee3-9cf6-4e4a-819d-773ea02114ba
SOURCE: Sealminer
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
SKHTU Announces Security System Upgrade, Using Advanced Technology to Reshape Trust
DENVER, June 3 (Bernama-GLOBE NEWSWIRE) -- Recently, SKHTU Exchange announced the completion of its multi-layer protection system upgrade, focusing on strengthening cold storage isolation mechanisms, multi-signature architecture, and intelligent audit systems. This upgrade aims to institutionalize technical safeguards, creating a higher level of asset security and trust mechanism.
SKHTU brand spokesperson Anna Kowalski explained: “The new security system is designed around active defense and verifiable trust. The platform integrates cold storage, signature mechanisms, and intelligent audit modules into a unified architecture, forming a complete chain from asset storage to operation verification and risk tracking.”At the asset storage level, SKHTU Exchange adopts a financial-grade cold storage architecture, with all private keys isolated and stored in hardware security modules (HSMs). The system operates with a “multi-layer isolation + offline signature” approach. The technical lead stated that the core concept is a “zero-trust architecture”—every component must be verified, security relies on structural design rather than assumptions.
In operation control, the platform implements a multi-signature mechanism to achieve algorithmic consensus, distributing signing authority across different geographic nodes, and only executing when preset thresholds are met. Additionally, the intelligent risk control module can automatically identify abnormal signing sequences or timestamp deviations, making security an algorithmic self-calibrating process rather than dependent on individual management.
SKHTU Exchange has introduced an automated audit module that encrypts and verifies logs and operation records, pushing them to the security department for validation and forming external review. The platform also uses AI to analyze historical audit data and predict potential risks, transforming from “passive monitoring” to “active defense.”
To verify system reliability, SKHTU has partnered with multiple international security agencies to conduct penetration tests and system evaluations. Results show the platform protection architecture can effectively counter malicious intrusions, data tampering, and privilege abuse in high-risk scenarios, while maintaining stable operation.
Industry experts note that the security system of SKHTU Exchange demonstrates the shift in digital finance from “passive defense” to “structural governance.” By eliminating risks with cutting-edge security solutions, this technology-driven multi-layer protection system sets a new industry standard and makes trust the most competitive asset of the platform.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5d2883b3-4840-4b7c-8d51-2d66ae116c70
Contact: Ridzuan-support@skhtu.org
SOURCE: Skhtu Exchange Services Ltd
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Wednesday, 3 June 2026
GAMBIT CYBER UNVEILS VIZIER AI FOR AUTONOMOUS CYBERSECURITY OPERATIONS
KUALA LUMPUR, June 3 (Bernama) -- Gambit Cyber B.V., a Netherlands-headquartered cybersecurity company, has launched Vizier AI, its next-generation Agentic Security Workflow Automation platform.
According to Gambit Cyber in a statement, the platform uses coordinated artificial intelligence (AI) agents to continuously monitor threats, orchestrate incident response, and manage cyber risk without requiring manual intervention from security teams.
“The launch of Vizier AI represents a fundamental shift in how organisations approach cyber defence. We are not simply automating existing workflows; we are deploying a coordinated intelligence layer that thinks, analyses, and acts continuously on behalf of security teams.
“AI agents operating in concert can process signals, correlate threats, and orchestrate responses at a speed and scale that is simply beyond human capacity alone,” said Gambit Cyber Co-founder and Chief Executive Officer, Anuj Kumar.
The launch addresses a widening gap between the complexity of today’s threat landscape and the shrinking resources available to corporate security operations.
Built as a core component of the KnightGuard platform, Vizier AI acts as an autonomous Security Intelligence Workspace and leverages a coordinated network of autonomous AI agents that continuously monitor threats, analyse security data, orchestrate workflows, and deliver actionable insights for faster and more informed decision-making.
The platform enables organisations to scale security operations through AI-driven automation while maintaining visibility, governance, and control across their exposure management programmes.
Its key capabilities include threat detection through continuous AI-driven attack surface monitoring, workflow automation to reduce manual security tasks, accelerated incident response using autonomous AI agents, and intelligence generation by transforming raw security data into actionable insights.
-- BERNAMA
According to Gambit Cyber in a statement, the platform uses coordinated artificial intelligence (AI) agents to continuously monitor threats, orchestrate incident response, and manage cyber risk without requiring manual intervention from security teams.
“The launch of Vizier AI represents a fundamental shift in how organisations approach cyber defence. We are not simply automating existing workflows; we are deploying a coordinated intelligence layer that thinks, analyses, and acts continuously on behalf of security teams.
“AI agents operating in concert can process signals, correlate threats, and orchestrate responses at a speed and scale that is simply beyond human capacity alone,” said Gambit Cyber Co-founder and Chief Executive Officer, Anuj Kumar.
The launch addresses a widening gap between the complexity of today’s threat landscape and the shrinking resources available to corporate security operations.
Built as a core component of the KnightGuard platform, Vizier AI acts as an autonomous Security Intelligence Workspace and leverages a coordinated network of autonomous AI agents that continuously monitor threats, analyse security data, orchestrate workflows, and deliver actionable insights for faster and more informed decision-making.
The platform enables organisations to scale security operations through AI-driven automation while maintaining visibility, governance, and control across their exposure management programmes.
Its key capabilities include threat detection through continuous AI-driven attack surface monitoring, workflow automation to reduce manual security tasks, accelerated incident response using autonomous AI agents, and intelligence generation by transforming raw security data into actionable insights.
-- BERNAMA
AM BEST UPGRADES FUSURE REINSURANCE ON CAPITAL STRENGTH, TENCENT BACKING
KUALA LUMPUR, June 3 (Bernama) -- Global credit rating agency, AM Best has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the long-term issuer credit ratings to “a” (Excellent) from “a-” (Excellent) of Hong Kong’s FuSure Reinsurance Company Limited (FuSure).
The outlook of these credit ratings (ratings) is stable, reflecting FuSure’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
According to AM Best in a statement, the ratings also reflect the implicit and explicit support from its ultimate parent, Tencent Holdings Limited (Tencent).
The upgrade reflects FuSure’s strengthened balance sheet, supported by two rounds of capital injections from shareholders and anticipated additional capital commitments in the medium term, alongside the company’s successful execution of its business plan.
Since its establishment in 2021, FuSure has focused on building its presence in health reinsurance in the Greater China region while leveraging Tencent’s support in business development, product innovation, and distribution.
While health reinsurance remains its core business, FuSure has been diversifying across product lines, geographies, distribution channels, and client segments, including expansion into long-term health reinsurance and commercial property business.
The company’s strong balance sheet is supported by risk-adjusted capitalisation at the strongest level as of year-end 2025 and in projected years, as measured by Best’s Capital Adequacy Ratio. Additional supporting factors include its diversified and liquid investment portfolio, mainly in fixed income and cash equivalents, and a conservative reinsurance strategy with high-credit-quality retrocessionaires.
FuSure has delivered positive operating performance since its second year of operation and continues to execute its business plan with discipline, consistently meeting its budgeted bottom line, supported largely by stable investment income from its fixed-income portfolio.
AM Best expects FuSure to continue benefiting from its parent group through both explicit capital support and implicit advantages, including competitive strengths in health product design and pricing sophistication.
-- BERNAMA
The outlook of these credit ratings (ratings) is stable, reflecting FuSure’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
According to AM Best in a statement, the ratings also reflect the implicit and explicit support from its ultimate parent, Tencent Holdings Limited (Tencent).
The upgrade reflects FuSure’s strengthened balance sheet, supported by two rounds of capital injections from shareholders and anticipated additional capital commitments in the medium term, alongside the company’s successful execution of its business plan.
Since its establishment in 2021, FuSure has focused on building its presence in health reinsurance in the Greater China region while leveraging Tencent’s support in business development, product innovation, and distribution.
While health reinsurance remains its core business, FuSure has been diversifying across product lines, geographies, distribution channels, and client segments, including expansion into long-term health reinsurance and commercial property business.
The company’s strong balance sheet is supported by risk-adjusted capitalisation at the strongest level as of year-end 2025 and in projected years, as measured by Best’s Capital Adequacy Ratio. Additional supporting factors include its diversified and liquid investment portfolio, mainly in fixed income and cash equivalents, and a conservative reinsurance strategy with high-credit-quality retrocessionaires.
FuSure has delivered positive operating performance since its second year of operation and continues to execute its business plan with discipline, consistently meeting its budgeted bottom line, supported largely by stable investment income from its fixed-income portfolio.
AM Best expects FuSure to continue benefiting from its parent group through both explicit capital support and implicit advantages, including competitive strengths in health product design and pricing sophistication.
-- BERNAMA
ARGOSVISION SHOWCASES 3D VISION SYSTEM AT ECHELON SINGAPORE 2026
KUALA LUMPUR, June 3 (Bernama) -- ArgosVision, a South Korean robotics vision startup, has announced its participation at Echelon Singapore 2026 on June 3 to 4, showcasing its panoramic 3D vision system, ArgosVue, and exploring collaboration opportunities with partners in the intelligent robotics industry.
ArgosVue is a next-generation 3D vision system designed to provide robots with a human-like wide field of view for improved spatial awareness and human interaction. The system offers a 200-degree horizontal and 140-degree vertical field of view, delivering twice the coverage of conventional 3D vision sensors.
Its Chief Executive Officer, Ki-Yeong Park said ArgosVue was inspired by the concept of giving robots human-like vision, making it suitable for physical AI applications, particularly in data collection and imitation learning.
ArgosVision in a statement said the expanded field of view enables robots to perceive surrounding obstacles as well as floor and terrain conditions simultaneously, supporting navigation in unstructured and dynamic environments.
Even when a person is positioned as close as 50 centimetres from the robot, the individual’s full body remains within the sensor’s view, while the system can also detect people approaching from side angles rather than only from the front.
By offering a panoramic, human-level perspective, ArgosVue supports more complete datasets and smoother integration into robot learning pipelines.
During the event, ArgosVision will conduct live demonstrations of ArgosVue and engage with robotics companies, potential partners, and customers across Singapore and Southeast Asia.
-- BERNAMA
ArgosVue is a next-generation 3D vision system designed to provide robots with a human-like wide field of view for improved spatial awareness and human interaction. The system offers a 200-degree horizontal and 140-degree vertical field of view, delivering twice the coverage of conventional 3D vision sensors.
Its Chief Executive Officer, Ki-Yeong Park said ArgosVue was inspired by the concept of giving robots human-like vision, making it suitable for physical AI applications, particularly in data collection and imitation learning.
ArgosVision in a statement said the expanded field of view enables robots to perceive surrounding obstacles as well as floor and terrain conditions simultaneously, supporting navigation in unstructured and dynamic environments.
Even when a person is positioned as close as 50 centimetres from the robot, the individual’s full body remains within the sensor’s view, while the system can also detect people approaching from side angles rather than only from the front.
By offering a panoramic, human-level perspective, ArgosVue supports more complete datasets and smoother integration into robot learning pipelines.
During the event, ArgosVision will conduct live demonstrations of ArgosVue and engage with robotics companies, potential partners, and customers across Singapore and Southeast Asia.
-- BERNAMA
JAPAN LIFE INSURERS’ REINSURANCE USE MORE THAN DOUBLED SINCE 2020 - AM BEST
KUALA LUMPUR, June 3 (Bernama) -- Japan’s life insurers have increasingly relied on reinsurance in recent years, with the overall cession rate as a percentage of total gross premium written for the segment rising to more than 24 per cent in 2023 and 2024 from just under 10 per cent in 2020, according to a new AM Best report.
According to Best’s Special Report, “Japan Life Insurers Increase Use of Reinsurance,” the implementation of the Japan Insurance Capital Standard, or J-ICS, at the end of March 2026 has prompted insurers to increase their use of reinsurance as solvency ratios become more sensitive to interest-rate movements, asset-liability mismatches, policy lapses, and longevity and mortality risks.
“Japanese life insurers have been increasingly using asset-intensive reinsurance to transfer investment, longevity, and insurance risks from capital-intensive annuity and long-term life insurance blocks to third-party reinsurers ahead of the implementation of J-ICS.
“The maturity and size of Japan’s life/annuity insurance market make it an attractive opportunity for reinsurers providing asset-intensive reinsurance solutions,” said AM Best senior industry research analyst, Cynthia Ang in a statement.
According to the report, the heightened activity has led to a sharp increase in reinsurance leverage, with the industry aggregate rising to 14.8 per cent at the end of 2024 from 4.8 per cent in 2020. The metric measures reinsurance ceded as a percentage of capital and surplus.
AM Best's analysis showed that Dai-ichi Frontier Life Insurance Co, Prudential Gibraltar Financial Life Insurance, and MetLife Insurance K.K. each recorded reinsurance leverage ratios exceeding 500 per cent in 2024.
While only an estimated one to two per cent of total in-force individual life insurance and annuity business was ceded to reinsurers in fiscal years 2023 and 2024, cessions are expected to increase as asset-intensive and offshore reinsurance become more widely used by Japanese life insurers.
Japan’s Financial Services Agency is tightening oversight of such transactions due to concerns over private equity involvement, asset liquidity, and complex cross-border collateral arrangements, the report said.
-- BERNAMA
According to Best’s Special Report, “Japan Life Insurers Increase Use of Reinsurance,” the implementation of the Japan Insurance Capital Standard, or J-ICS, at the end of March 2026 has prompted insurers to increase their use of reinsurance as solvency ratios become more sensitive to interest-rate movements, asset-liability mismatches, policy lapses, and longevity and mortality risks.
“Japanese life insurers have been increasingly using asset-intensive reinsurance to transfer investment, longevity, and insurance risks from capital-intensive annuity and long-term life insurance blocks to third-party reinsurers ahead of the implementation of J-ICS.
“The maturity and size of Japan’s life/annuity insurance market make it an attractive opportunity for reinsurers providing asset-intensive reinsurance solutions,” said AM Best senior industry research analyst, Cynthia Ang in a statement.
According to the report, the heightened activity has led to a sharp increase in reinsurance leverage, with the industry aggregate rising to 14.8 per cent at the end of 2024 from 4.8 per cent in 2020. The metric measures reinsurance ceded as a percentage of capital and surplus.
AM Best's analysis showed that Dai-ichi Frontier Life Insurance Co, Prudential Gibraltar Financial Life Insurance, and MetLife Insurance K.K. each recorded reinsurance leverage ratios exceeding 500 per cent in 2024.
While only an estimated one to two per cent of total in-force individual life insurance and annuity business was ceded to reinsurers in fiscal years 2023 and 2024, cessions are expected to increase as asset-intensive and offshore reinsurance become more widely used by Japanese life insurers.
Japan’s Financial Services Agency is tightening oversight of such transactions due to concerns over private equity involvement, asset liquidity, and complex cross-border collateral arrangements, the report said.
-- BERNAMA
ANCIENT ROYAL ANTIQUITIES HEADLINE TIMELINE AUCTIONS SALE
KUALA LUMPUR, June 3 (Bernama) -- TimeLine Auctions showcased museum-quality antiquities from Mesopotamia, Egypt, Greece and the western Mediterranean at its Antiquities & Ancient Art Auction, featuring rare artefacts linked to ancient kings, religious figures and classical civilisations.
Among the headline lots is a hemispherical bronze bowl bearing the cuneiform name of Manishtushu, who ruled the Akkadian Empire around 2270 to 2255 B.C., according to TimeLine Auctions in a statement.
The auction also feature an agate eye-bead inscribed with the name of Kurigalzu II and a banded agate cylinder seal carrying a Sumerian prayer to the storm god Adad from the Kassite period.
The Egyptian collection is led by a 40-centimetre basalt figure of the Saite customs official Wahibre, depicted kneeling while supporting an offering basin. The sculpture’s components, separated in the 19th century and held in different collections, have been reunited for auction for the first time.
Other Egyptian highlights include a 70-centimetre hollow-cast bronze figure of Osiris dating to the 26th Dynasty and a painted wooden stele linking Amun at Luxor with Osiris at Abydos.
In the Greek section, a sixth-century B.C. black-figure pyxis depicting the wedding procession of an Athenian bride and a fifth-century B.C. red-figure column krater featuring Europa alongside a Dionysian scene are featured.
The sale will also feature the Gravona bronzes, a group of 10 artefacts recovered from a railway cutting in Corsica in the 1880s and later documented by archaeologist Robert Forrer in 1924.
Following the live auction, TimeLine will continue with an online-only sale from June 3, covering a broad range of ancient art categories. The programme will conclude with an Ancient Coins auction on June 9 and 10 featuring weights, tokens, medals and books.
The auction is scheduled to begin at 1pm British Summer Time, with bidding available through absentee bids, telephone participation and online platforms. Worldwide shipping will be offered, with payments accepted in British pounds sterling.
-- BERNAMA
Among the headline lots is a hemispherical bronze bowl bearing the cuneiform name of Manishtushu, who ruled the Akkadian Empire around 2270 to 2255 B.C., according to TimeLine Auctions in a statement.
The auction also feature an agate eye-bead inscribed with the name of Kurigalzu II and a banded agate cylinder seal carrying a Sumerian prayer to the storm god Adad from the Kassite period.
The Egyptian collection is led by a 40-centimetre basalt figure of the Saite customs official Wahibre, depicted kneeling while supporting an offering basin. The sculpture’s components, separated in the 19th century and held in different collections, have been reunited for auction for the first time.
Other Egyptian highlights include a 70-centimetre hollow-cast bronze figure of Osiris dating to the 26th Dynasty and a painted wooden stele linking Amun at Luxor with Osiris at Abydos.
In the Greek section, a sixth-century B.C. black-figure pyxis depicting the wedding procession of an Athenian bride and a fifth-century B.C. red-figure column krater featuring Europa alongside a Dionysian scene are featured.
The sale will also feature the Gravona bronzes, a group of 10 artefacts recovered from a railway cutting in Corsica in the 1880s and later documented by archaeologist Robert Forrer in 1924.
Following the live auction, TimeLine will continue with an online-only sale from June 3, covering a broad range of ancient art categories. The programme will conclude with an Ancient Coins auction on June 9 and 10 featuring weights, tokens, medals and books.
The auction is scheduled to begin at 1pm British Summer Time, with bidding available through absentee bids, telephone participation and online platforms. Worldwide shipping will be offered, with payments accepted in British pounds sterling.
-- BERNAMA
Tuesday, 26 May 2026
ICHAM UNVEILS SINGAPORE VCC FUND TARGETING US EQUITIES
KUALA LUMPUR, May 26 (Bernama) -- ICHAM Pte Ltd, a regional multi-family office and alternative asset manager, has launched a new open-ended Singapore Variable Capital Company (VCC) fund that invests in selected sectors of United States (US) equities and incorporates option-based strategies.
The fund aims to provide periodic income generation potential and total returns for investors and is available exclusively to accredited and institutional investors, according to ICHAM in a statement.
ICHAM Chief Executive Officer, Archan Chamapun said the investment strategy combines a value-orientated approach with an income-focused overlay within US equities to enhance income generation potential and total returns.
“The fund is designed to offer a sector rotation approach to US large-cap equities beyond traditional market cap weights,” he said.
Meanwhile, the fund’s lead Portfolio Manager, Felix Chew said the investment approach is designed to balance participation in equity markets while targeting periodic income distribution objectives across different market conditions.
With US equity valuations near historic highs and interest rates remaining volatile, the fund may appeal to accredited and institutional investors seeking income-orientated strategies in the current market environment.
Backed by academic research, the fund adopts a rules-based institutional investment framework focused on long-term risk management within a systematic investment framework for investors in the long term.
ICHAM has been serving accredited and institutional investors with tailored investment solutions since 2019 and is recognised for its expertise in alternative asset classes and structured products.
-- BERNAMA
The fund aims to provide periodic income generation potential and total returns for investors and is available exclusively to accredited and institutional investors, according to ICHAM in a statement.
ICHAM Chief Executive Officer, Archan Chamapun said the investment strategy combines a value-orientated approach with an income-focused overlay within US equities to enhance income generation potential and total returns.
“The fund is designed to offer a sector rotation approach to US large-cap equities beyond traditional market cap weights,” he said.
Meanwhile, the fund’s lead Portfolio Manager, Felix Chew said the investment approach is designed to balance participation in equity markets while targeting periodic income distribution objectives across different market conditions.
With US equity valuations near historic highs and interest rates remaining volatile, the fund may appeal to accredited and institutional investors seeking income-orientated strategies in the current market environment.
Backed by academic research, the fund adopts a rules-based institutional investment framework focused on long-term risk management within a systematic investment framework for investors in the long term.
ICHAM has been serving accredited and institutional investors with tailored investment solutions since 2019 and is recognised for its expertise in alternative asset classes and structured products.
-- BERNAMA
Citycare Property Cuts Onboarding Times and Streamlines HR Processes With Boomi
Citycare Property Cuts Onboarding Times and Streamlines HR Processes With Boomi
Boomi enables New Zealand infrastructure company to modernise employee management processes, unifying data across systems and accelerating workforce onboarding
AUCKLAND, New Zealand, May 26 (Bernama-BUSINESS WIRE) -- Boomi, the data activation company, today announced Citycare Property has streamlined its HR and employee management processes using the Boomi Enterprise Platform, resulting in faster onboarding times, improved data quality, and increased employee satisfaction.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260525607586/en/
Citycare Property is a New Zealand-owned social infrastructure organisation that delivers critical services — building, maintaining, operating, and renewing essential infrastructure — to central and local governments nationwide. To support continuing growth and business evolution, Citycare Property wanted to modernise its human resources processes and systems.
Citycare Property implemented a new Human Resources Information System (HRIS) platform. The organisation needed to ensure employee management processes were seamless across all systems – including HR, payroll, and IT platforms – while also having a consistent, unified view of its workforce. This connectivity would ensure high data integrity and security standards were met while supporting efficient onboarding, offboarding, and ongoing HR operations. Citycare Property engaged Boomi partner Adaptiv to identify and implement a solution to provide that connectivity.
"Onboarding a new hire, setting up their account, and getting them active in our systems used to eat up days of work," said Adam Doocey, CIO, Citycare Property. “Prior to doing the integrations, visibility into where someone was in the process wasn't always straightforward. The Adaptiv team was willing to set the technology aside and talk to our people.”
To address Citycare Property’s integration challenges, Adaptiv implemented the Boomi Enterprise Platform’s Data Hub and Integration capabilities. This established a single, unified view of each employee across all platforms, introducing a consistent framework and meaningfully improving the accuracy and reliability of its workforce data changes — onboarding, role transitions, offboarding — regardless of the platform in use. All updates are automatically reflected across HR, payroll, and IT systems, enabling efficient, secure changes without disrupting day-to-day operations, which provides a scalable foundation to support future growth..
“We felt that Boomi, with its integration and master data capabilities, was a great fit for Citycare because it enabled us to put the employee at the center of the integration,“ said Philip Durrant, Principal Consultant, Adaptiv. “Use of the Boomi platform balanced the immediate requirements of the project with a future facing view for Citycare by enabling additional systems to be plugged into Boomi Data Hub with minimal rework to the original system as delivered.”
By centralising and synchronising data across all platforms, Boomi delivered measurable improvements across Citycare Property's HR function. Onboarding timelines were reduced, enabling new employees to be activated in systems far more quickly and efficiently. Meanwhile, HR processes became notably smoother and more dependable, which was noticed by employees as their satisfaction increased.
“Boomi has given us a degree of visibility that we've never had before,” said Doocey. “We've seen an improvement in the time it takes to get an employee from registering in our HR system to being active across all of our systems. We've also seen a real lift in data quality in the downstream systems – historically, when issues arose, staff would often work around them by manually adjusting the data. Implementing Boomi has put an end to that practice.”
David Irecki, Chief Technology Officer, APJ at Boomi, said, "Citycare Property has proven that putting the employee at the centre of your integration strategy delivers real, measurable results for the entire organisation. In partnership with Adaptiv, Boomi is proud to support Citycare's workforce modernisation and provide the data foundation that keeps their operations running smoothly."
Additional Resources
About Boomi
Boomi, the data activation company for AI, powers the agentic enterprise by bringing data to life across the business. The Boomi Enterprise Platform is the active data foundation that delivers essential agentic infrastructure to drive agentic transformation. By unifying agent design and governance, API and MCP management, integration and automation, and data management into a single platform, Boomi enables organizations to harness the power of AI with secure, scalable connectivity. Trusted by over 30,000 customers and supported by a network of 800+ partners, Boomi helps organizations of all sizes achieve agility, efficiency, and innovation at scale. Discover more at boomi.com.
© 2026 Boomi, LP. Boomi, the ‘Boomi’ logo, the ‘B’ logo, and Boomiverse are registered trademarks of Boomi, LP or its subsidiaries or affiliates in the US and other countries. All rights reserved. Other names or marks may be the trademarks of their respective owners.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260525607586/en/
Contact
Media Contact:
Jasmine Ee
Global Communications
jasmine.ee@boomi.com
Source : Boomi
Monday, 25 May 2026
ABAXX LAUNCHES SILVER SINGAPORE FUTURES TRADING
KUALA LUMPUR, May 25 (Bernama) -- Abaxx Technologies Inc (Abaxx), a financial software and market infrastructure company, announced that trading has commenced in Silver Singapore (SSP) futures, expanding Abaxx Exchange’s precious metals product suite.
The contract is designed to address the gap between global silver price formation and the physical requirements of Asia’s industrial silver market, where demand for higher-purity material is increasing across solar and advanced electronics supply chains.
By establishing a physically deliverable four-nines silver benchmark in Singapore, Abaxx SSP futures are intended to support more direct price discovery and hedging for commercial participants managing physical silver exposure in the region.
According to a statement, the Abaxx SSP futures contract is a United States dollar-denominated, 1,000-troy-ounce, physically deliverable product of 0.9999 fineness, with delivery into approved vaults in Singapore, including Brink’s Singapore.
Silver Institute President and Chief Executive Officer Michael DiRienzo said the launch marks a meaningful step forward for the global silver market, adding that Abaxx is addressing a long-standing gap in price discovery for Asia’s industrial silver users.
“The Silver Institute welcomes innovations that strengthen market infrastructure and give commercial participants better tools to manage their physical silver exposure,” he said.
SSP futures are available for trading from 10 am for 14 hours on weekdays, except Singapore public holidays.
-- BERNAMA
The contract is designed to address the gap between global silver price formation and the physical requirements of Asia’s industrial silver market, where demand for higher-purity material is increasing across solar and advanced electronics supply chains.
By establishing a physically deliverable four-nines silver benchmark in Singapore, Abaxx SSP futures are intended to support more direct price discovery and hedging for commercial participants managing physical silver exposure in the region.
According to a statement, the Abaxx SSP futures contract is a United States dollar-denominated, 1,000-troy-ounce, physically deliverable product of 0.9999 fineness, with delivery into approved vaults in Singapore, including Brink’s Singapore.
Silver Institute President and Chief Executive Officer Michael DiRienzo said the launch marks a meaningful step forward for the global silver market, adding that Abaxx is addressing a long-standing gap in price discovery for Asia’s industrial silver users.
“The Silver Institute welcomes innovations that strengthen market infrastructure and give commercial participants better tools to manage their physical silver exposure,” he said.
SSP futures are available for trading from 10 am for 14 hours on weekdays, except Singapore public holidays.
-- BERNAMA
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