Digivault and Asset Reality announce strategic partnership 

Digivault, a leading digital asset custody provider and Asset Reality, the world’s first end-to-end solution for recovering, managing and realizing seized crypto assets, today announced a new partnership aimed at making the digital asset ecosystem safer by assisting global law enforcement 

agencies and victims of cybercrime with asset recovery. 

Soaring crypto prices and bullish market sentiment have increased participation to more than 221M users worldwide however, the industry remains vulnerable to hacking and phishing events that top billions of dollars in losses annually. Storing digital assets securely represents an important last line of defense given the difficulties associated with asset recovery once a breach has occurred. 

With these factors in mind, Digivault and Asset Reality have teamed up to combine their unique industry capabilities to support law enforcement agencies to alleviate harm and losses for victims. Investigating and recovering crypto assets is a highly complex task. As part of the partnership, Digivault will support Asset Reality’s law enforcement clients by providing their best-in-class, secure storage for seized digital assets. 

Digivault, as part of the Nasdaq listed EQONEX Group (Nasdaq: EQOS) was purpose-built to deliver the industry’s most secure, compliant custody solution for digital asset holders. In May 2021, it set the standard, as the industry’s first standalone FCA registered custodian. It also conforms to all institutional-grade security certification standards. 

Launched in 2020 by an experienced team of crypto asset recovery practitioners, Asset Reality was created to support law enforcement agencies as well as public and private sector clients in navigating the complex asset recovery process including investigations, managing and realizing seized digital assets, including cryptocurrencies. 

Speaking on the partnership, Digivault CEO Robert Cooper said, “Digital assets and the technology infrastructure that support it, represent tremendous opportunities for the financial industry and investors. We built our business to deliver on that opportunity by working with regulators to lift industry standards and set new benchmarks for security for our clients in storing their assets. “ 

“This partnership with Asset Reality reflects our deep commitment to not only solving for security threats, but also working across the industry to provide solutions that can help victims of crime and law enforcement work through the recovery process with peace of mind.” 

Asset Reality Co-Founder Aidan Larkin said, “The rapid development of the digital asset space has created unforeseen challenges for global law enforcement agencies, who are grappling with different levels of regulation, unscrupulous players and a community of new users who may be unaware of risks. Whilst blockchain analysis tools have helped build trust in blockchains, public and private sector clients are now struggling with managing seized assets like cryptocurrencies”. 

“It was through the lens of this emerging challenge we could see that a specific solution for the industry simply didn’t exist. By combining our in-house, experience in crypto investigations and asset forfeiture with strategic partnerships across industry leaders in investigations, analytics and custody, we are marching forward in Asset Reality’s mission to make crypto safer and fairer. Partnering with companies like Digivault and benefitting from the expertise they bring to the table, makes our mission much easier”. 

As part of the partnership, Digivault and Asset Reality will also work together to drive greater awareness of industry threats, and advocate for sensible industry compliance standards. 

“We seek out partners that share our ethos and focus, so together we can play a critical role in driving the industry forward. Digivault, as part of the EQONEX group, delivers a crucial component in our efforts to help victims of crime and law enforcers, and we are excited to extend our efforts to jointly educate and advocate for ways to enhance the industry,” said Hugo Elliott, co-founder Asset Reality. 

Part of Puerto Rico Blockchain Week, CoinAgenda Caribbean gathers leaders including Brad Garlinghouse, Founder of Ripple; Dan Morehead, CEO of Pantera Capital; Brittany Kaiser, Executive Chair of Gryphon Digital Mining; Michael Wagner, Co-Founder & CEO of Star Atlas; and Robert Viglione, CEO at Horizen Labs

CoinAgenda (www.coinagenda.com), the premier global conference series connecting blockchain and cryptocurrency investors with startups since 2014, and BitAngels, the leading network of bitcoin and blockchain investors, today announced the fifth annual CoinAgenda Caribbean event to be held at the Miramar Events Center in San Juan, Puerto Rico on December 7-9, 2021. Tickets and agenda are available on the event page.

The three day event will include topics around: the Future of Digital assets, Crypto Banking, the Growing Utility of NFTs, Play-to-Earn Gaming, the DeFi and TradFi relationship, Latin America and Crypto, Stablecoins, Scaling Solutions, Blockchain Companies in Public Markets, Creating a Clean Crypto Future, Smart Cities, Crypto Investing Strategies, and Structuring to Protect Assets.

Confirmed speakers include:

• Brad Garlinghouse, CEO at Ripple
• Dan Morehead, CEO at Pantera Capital
• Brittany Kaiser, Executive Chair at Gryphon Digital Mining
• Michael Wagner, Co-Founder & CEO of Star Atlas 
• Robert Viglione, Co-founder & CEO of Horizen Labs
• Brock Pierce, Chairman of Bitcoin Foundation
• Bill Barhydt, Founder & CEO of ABRA
• Edward Boyle, CEO of Medici Bank
• Miles Paschini, CEO of FV Bank
• David Johnston, COO at DLTx

• James Haft, Chairman at DLTx

• Jason Cooner, President & CEO at SDG Exchange
• Dean Thomas, Global Head of Institutional Capital at Polygon
• Michael Terpin, Founder and CEO of Transform Group and CoinAgenda
• Austin Davis, Co-Founder of CommunityElectricity.io
• Erika Zapanta, Global Director of Events at Transform Group
• Irina Litchfield, Partner at Percival Capital; BitAngels City Leader Austin
• Adryenn Ashley, NFT Community Designer at Wow! Is Me, Inc.
• Justin Litchfield, CEO of Quantum Machines
• Warren Whitlock, CEO of Stirling Corp; Advisor of BitAngels
• Mario Nawfal, CEO of NFT Technologies
• Matt McKibbin, Founder of DecentraNet
• Emma Rose Bienvenu, Chief of Staff at Pantera Capital
• Brian Santos, COO at Fly Air
• Ben Sigman, CEO of Make Sense Labs
• Sean Walsh, Founder of Redwood City Ventures
• Dr. Steven Waterhouse, CEO of Orchid Labs
• Alex Nascimento, Co-founder of Blockchain at UCLA
• David Namdar, Co-founder of NFT.com
• Joel Comm, Co-Host of Bad Crypto Podcast
• Travis Wright, Co-Host of Bad Crypto Podcast
• Brian Bourgerie, InvestPR
• Joey Krug, Co-CIO at Pantera Capital
• Bryan Bullett, CEO of Bit Digital Inc.
• Liat Aaronson, COO at Horizen Labs
• Jeff Crane, CEO and Exec Producer of NFT the Movie

The conference will also feature a startup contest (in collaboration with BitAngels) where a mix of angel and VC investments (as well as tokens trading on exchanges) will pitch in a Demo Day environment to judges and the CoinAgenda audience of investors and entrepreneurs. Judges may consist of crypto funds, family offices, VCs and strategic partners. Upon completion of the presentations, three winners will be announced and 1st place will walk away with a marketing package (valued up to $10,000).

In addition, all presenters will receive a recording of their presentation, have access to the full CoinAgenda event and parties and most importantly have their decks sent to a select group of investors unable to make the event in-person, but have expressed their interest in allocating capital into new deals within the next year. To apply to pitch and inquire about the presenter fee, email contact@coinagenda.com by November 30.

This cryptocurrency investor conference will conclude each day with an all-inclusive, high-end party where speakers, sponsors and attendees can mingle at some of the most memorable venues in the city. CoinAgenda’s main party, known as the “Legendary Dinner” will be held at the Conservatorio de Música de Puerto Rico, with four courses of delicious local fare, drinks, and live musical entertainment under the night sky.

“This year has been one of incredible growth in the sector, we’ve even seen the cryptocurrency market hit $3 trillion for the first time,” said Erika Zapanta, Global Director of Events for CoinAgenda. “We are excited to return to the growing blockchain hub of Puerto Rico to discuss the mainstreaming of digital asset investing.”

Confirmed event sponsors include:

• DLTx - DLTx is a public company listed on the Norwegian Oslo Børs Stock Exchange and is the enterprise vendor for DAOs and blockchain protocols that offers unique access to the public blockchain markets & well-priced access to funding. DLTx has developed a novel way for investors to access compelling and predictable economic returns based on the changes created by the decentralization & disruption of major global industries.
• Transform Group - Transform Group is the world’s leading blockchain public relations, advisory, events and social media company, with offices in New York, Los Angeles, San Francisco, Las Vegas, Toronto and global headquarters in San Juan, Puerto Rico. Transform Group is dedicated to creating and sustaining industry leadership positions for its clients through superior strategy, relationships, market intelligence and consistent execution.
• Rair Tech - RAIR is a blockchain-based digital rights management platform that uses NFTs to get access to streaming content.
• Raiinmaker - Raiinmaker is a blockchain-based social engagement platform where creators and brands grow, incentivize and reward fans to build community, together.
• Blockchain Wire - Blockchain Wire is the industry's first blockchain press release distribution service focused exclusively on news about blockchain, distributed ledger technology companies, ICOs, STOs and other blockchain and cryptocurrency-related announcements. Our global reach includes broadcast and online media outlets, social media sites, industry trade publications, leading blogs and blockchain industry influencers.

By Stephan Wolf, CEO, Global LEI Foundation (GLEIF)

Basel – LSEG (London Stock Exchange Group), Zimbabwe’s NMB Bank Limited, GLEIF, Cenfri and Cornerstone Advisory Plus recently collaborated to launch the first iteration of GLEIF’s digital business identity initiative in Africa. This has been a success for all involved, making it a model showcase for how small and medium-sized enterprises (SMEs) across the world can gain ‘financial inclusion’ through Legal Entity Identifiers (LEIs).

The World Bank’s definition of financial inclusion for businesses is that they ‘have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way’.

While financial inclusion for SMEs across the world is a desirable end goal in its own right, it is also important to recognize that the impact of this initiative – when it is rolled out more broadly across multiple emerging markets – will go far beyond the SMEs and financial institutions involved. It has the potential to positively impact the broader economy by significantly strengthening the global supply chain. Let me explain how these two concepts are linked.

The lack of a universal identity prevents SME growth and overseas trade

SMEs make up 90% of businesses globally. However, without legal credibility or a way to officially prove their identity across borders, many of these businesses struggle to access finance, form partnerships or trade overseas – particularly for those in developing markets where a higher risk factor may be perceived. Banks are prohibited from offering them trade finance without undergoing painstaking and costly Know Your Customer and Anti-Money Laundering checks – processes which are hampered without a verified identifier. As a result, the gap between the demand and supply of global trade finance is growing and has now reached $1.7 trillion following a 15% rise since 2018.

The launch of the business identity initiative has illustrated this problem with a focus on Africa. However, it’s important to remember that this is a global challenge faced by SMEs and banks all over the world. And as a result, countless SMEs are prevented from engaging within the global supply chain – whether that is because they can’t invest, scale, or form the necessary partnerships – due to one simple factor. An inability to prove who they are.

The LEI supports expansion of global supply chains and traceability of suppliers

As we’ve seen in Africa, a profusion of benefits arise when financial institutions facilitate the issuance of LEIs to SMEs by becoming Validation Agents. Which is why financial institutions should now be motivated and encouraged to use this model to deliver a globally recognized identity to their SME customers. Not only will it give SMEs broader access to financial services – a clear benefit to banks – but it has the wider impact of enabling SMEs to apply for trade finance and establish contractual, regulated agreements with banks, payments networks and trading partners. The result will be greater participation in domestic and international markets and a bolstered flow of inbound capital, which can then be used to further fuel the market’s economic development.

Imagine a world where millions more SMEs were able to scale and trade, with trust, internationally. How many more – both in terms of volume and diversity – products and services would be available to us all through the global supply chain, and what would the impact of increased competition be on service and price? It’s an aspirational thought and one which lies within reach. By opening up cross-border trading opportunities to more SMEs, the LEI can be seen as a critical – and immediately available – tool in the drive to create a much broader and more competitive supply chain for businesses worldwide. Additionally, using a global open identifier would help bring transparency to supply chain relationships – a critical component of sustainable supply chain monitoring and reporting.

What’s needs to happen next?

All change has to start somewhere – and the success of the first iteration of GLEIF’s digital business identity initiative in Africa shows what great potential lies ahead for the global supply chain and subsequently the world’s economy if financial institutions across more countries take up the reins and drive it forward.

The result of greater financial inclusion among SMEs will be a strong, more diverse, transparent and competitive global supply chain ecosystem. Consequently, we could expect to see the positive impact – financial growth and prosperity – across all types of companies across all regions of the world.

Now that the initiative has been set in motion, GLEIF invites more financial institutions to explore the benefits of becoming a Validation Agent to support – and derive the benefits from – broader financial inclusion among SMEs. GLEIF continues to seek dialogue with governments, NGOs, banks and other stakeholders interested in either expanding the LEI initiative across Africa or in replicating the model in other developing countries.

WSO2 will use the funds to accelerate global expansion and invest in its next-generation, cloud-native solutions for securely delivering APIs, applications, and digital services

WSO2, the leader in digital transformation technology, today announced that the company has closed $90 million in financing from client vehicles advised by Goldman Sachs Asset Management Private Credit ("Goldman Sachs"). The flexible capital solution will be used to accelerate WSO2’s worldwide business expansion, drive growth of the company’s global partner network, and support rollout of its next-generation, cloud-native solutions for securely delivering APIs, applications, and digital services. The new solutions, powered by Ballerina, will offer a seamless blend of low code and pro code experience for enterprises and deliver the power of DevOps and modern SDLC practices including integrated reuse within the organisation and beyond.

As enterprises worldwide advance their digital transformation initiatives, more employees are contributing to the development of new digital products and services that offer individualised experiences to users. This is driving the demand for more robust low-code approaches to improve employee productivity and create trusted, engaging customer experiences. WSO2 will use the funding from Goldman Sachs to deliver a new generation of platform-as-a-service offerings that democratise the adoption of its industry-leading cloud-native technologies for API management, integration, and customer identity and access management (CIAM).

“With more enterprises embracing digital business models, we’re seeing growing demand for our uniquely integrated approach to coupling best-in-class API management and integration with identity and access management,” said Dr Sanjiva Weerawarana, WSO2 founder and CEO. “To date, we’ve been financing the growth of our business with our own profits and have secured over 800 customers in over 80 countries, including several Fortune 1000 customers. Now, with the funding from Goldman Sachs, we can accelerate delivery of our next-generation Choreo integration platform as a service (iPaaS) and Asgardeo identity as a service (iDaaS) solutions, which significantly lower the skills, time and cost barriers to delivering secure new digital services, as well as further expand our partner network and scale faster globally.”

In addition to supporting the company’s commercial solutions, WSO2 will also invest in extending the capabilities and community around Ballerina, the open-source language that radically simplifies how developers build and deploy cloud-native applications. Choreo is WSO2’s first commercial solution to take advantage of Ballerina in enabling employees at various skill levels to collaborate in creating new apps and digital services via code, low-code, and no-code.

“The need to connect applications is mission-critical as software proliferates across enterprises. As a recognised leader in delivering API management, integration and CIAM software to a global blue-chip customer base, WSO2 is strategically aligned with our focus on investing in high-growth software businesses,” said Matt Singer from Goldman Sachs Asset Management. “We are excited to provide capital to WSO2 at this unique inflexion point as it capitalises on strong customer demand to bring new capabilities to deliver digital innovation and agility via the cloud.”

The IFM-X Dark Web Intelligence fraud prevention solution safeguards financial institutions, protects customer accounts and prevents fraud losses

The growing amount of information on the Dark Web presents a range of complex fraud schemes and typologies that are increasingly difficult for financial service organizations (FSOs) to detect and stop. To address this problem, NICE Actimize, a NICE business (Nasdaq: NICE), today announced its IFM-X Dark Web Intelligence solution. Deploying comprehensive, multi-language coverage of the Dark and Deep Web, malware networks, private messaging platforms, and underground fraudster infrastructure and communities, the solution helps FSOs resolve the pervasive challenges they face in detecting dynamic fraud and account takeover threats. 

Leveraging the power of NICE Actimize’s IFM-X industry-leading enterprise fraud management platform, the IFM-X Dark Web Intelligence solution provides immediate fraud prevention so FSOs can efficiently mitigate customer account takeover attempts, combat card fraud without causing undue customer friction, and block mule activity. The solution utilizes behavioral technology that provides targeted, continuously updated intelligence, and monitoring which can be deployed across post-breach and pre-fraud scenarios.  

“Now more than ever, financial services firms need to be aware of dark web activity to protect their firm and customers. NICE Actimize supports them with enhancements to their existing fraud prevention efforts, which includes meaningful intelligence and behavioral analytics,” said Craig Costigan, CEO, NICE Actimize. “This approach ultimately strengthens their anti-fraud teams, strategies, and operations.”  

The Dark Web Intelligence solution offers three different, curated data feeds and actionable dark and deep web intelligence across customer account takeovers, compromised payment cards, and mule accounts. The solution helps organizations proactively safeguard their customers when they are unknowingly compromised, delivering a better customer experience and preventing loss to the firm.  

Update comes as regulatory focus on cryptocurrency tax and reporting ramps up

Cryptio, a leading crypto accounting software provider, has today launched Ionic – the enterprise grade update to its crypto accounting software platform, empowering businesses and institutions in crypto to merge complex on-chain activity with their general ledger.

Financial service providers – such as accountants, auditors, and fund administrators – are seeking clarity on the tax treatment of crypto assets under increasing regulatory pressure, but they are also facing a huge technical challenge of importing, indexing and categorising crypto transactions into their current accounting systems.

Cryptio Ionic bridges this technical gap between on-chain activity and existing accounting systems like Xero & Quickbooks. It solves essential back-office problems, including:

• Creating one ledger of truth: Importing transaction data from institutional custody, exchanges, OTC desks, on-chain wallets, smart contracts, DeFi, CeFi and more
• Crypto-to-fiat valuation: Prices sourced directly from exchanges, at the exact time of the transaction, partnered with leading data provider – Kaiko
• Categorise and resolve transactions: Automated rule based contact and smart contract ID, transaction labelling, cost basis (FIFO & WAC), unrealised gains and loss reporting
• Chart of accounts mapping and sync: One click integrations with Xero & Quickbooks – automatically mapping the Chart of Accounts with crypto activity

The Ionic update marks a huge technical innovation in indexing and processing on-chain data. The key to this has been Cryptio's direct relationships with the Layer 1 blockchain foundations. Thousands of applications are being built on top these foundational blockchains, especially in the DeFi and NFT space, and Cryptio is building the back-office infrastructure in tandem with this growing ecosystem.

Leading crypto-native businesses such as Consensys, Aave and Nexo have adopted the platform to streamline their back-office operations and meet their accounting obligations. Cryptio is also building a community of accounting partners using the Ionic software, including international audit, tax and advisory firm, Mazars.

Antoine Scalia, CEO of Cryptio, commented on the launch: “Crypto-native businesses, hedge funds, family offices, and company treasuries now face sophisticated accounting, audit and compliance challenges as a result of increasing regulatory demands for accountability and auditable records on their crypto activity. Proposed amendments as part of the US Infrastructure bill to US tax code section 6050I is evidence of this. With this pressure only going to intensify, Ionic provides organisations with software enabling them to comply with their tax and reporting requirements.”

Wiehann Olivier, Partner and Digital Asset Lead at Mazars, added: “As the appointed auditors of various cryptocurrency and digital asset service providers, Cryptio has become an essential tool in our tech stack. We have seen a massive uptick in operating companies allocating cash to digital assets and cryptocurrencies, as well as new crypto-native businesses. Cryptio helps us service this growing client base. We are able to track assets & transactions from DeFi protocols, wallets, exchanges, and institutional custodians to construct a complete picture of our client's digital asset activity."

Tim Draper, Founding Partner at Draper Associates, also commented: "I look forward to a time when I operate completely in bitcoin, where all my records are kept on the blockchain and all my distributions occur via smart contracts. Cryptio solves a key problem in allowing accounting to transcend the currency businesses operate in, so they can focus on providing more and better services to their customers ― who pay with whatever currency they prefer."

• Product Reviews
• 15.11.2021 01:25 pm
• UnaPay

• What does the product do?

Launched in 2020 by international fintech holding Robocash Group, UnaPay helps its underbanked customers manage their monthly budget in an effective way. Currently, the service provides two solutions: 

1. Buy Now, Pay Later installment plans. The client can purchase goods directly from the merchant’s website or app, having UnaPay as their payment method of choice. 

2. The Salary Loan service provides customers an early access to their earnings. An employee can apply for a salary-linked installment loan paid within a maximum of 12 months. 

• Who needs the product?

UnaPay  facilitates financial inclusion for individuals who are creditworthy but have limited access to finance . The reasons behind that vary for each borrower but typically boil down to informal employment, lack of credit history, or unavailability of a local bank branch. 

The Buy Now, Pay Later service enables purchasing goods straight from the merchant's website or app reducing the debt burden, and the Salary Loan service is most effective for urgent needs, providing customers with early access to their salary so they can receive the money they have already earned before the actual payday.

• What is special about the product?

UnaPay’s BNPL service enables purchases that would usually be too much of a strain on the budget. By paying for goods in regular fixed installments, customers are able to optimise monthly budget planning and reduce spending. 

UnaPay’s Salary Loans allow customers to attain more flexibility with management of their funds. This type of loan is most effective for making large urgent purchases, e.g. medicine, tuition, repairs, etc. Directly tied to the earned salary, the loan application and approval time is reduced even further, requiring minimal paperwork from employee/employer.

Robocash Group possesses proven experience in consumer lending and crisis resilient business model. With UnaPay the Group gives its clients broader access to finance enabling true financial empowerment to each individual. 

• What features are relevant?

All UnaPay solutions utilise expertly built proprietary technology, which gives both the BNPL and Salary Loans services an inherent advantage over the competition.

The customers purchasing goods on Lazada with UnaPay enjoy the seamless and quick process of applying for an installment plan. From the merchant side of things, the increased in-flow of new customers is ensured, supported by the swift transfer of revenue made from sales. The service can be easily integrated with any merchant’s website or mobile app without any setup fees or minimums. This allows UnaPay’s partners to bypass the lengthy customisation process and focus on making sales.

Insig AI plc, the data science and machine learning company providing solutions to the asset management industry, is pleased to announce that it has signed a proof of concept exercise with a European asset manager with assets under management ("AUM") of several billion Euros.

In this initial proof-of-concept exercise on one of the client's larger funds (valued in excess of €1 billion), Insig AI has been tasked to use its machine learning data and expertise to analyse and categorise the client's portfolio. More specifically, the objective is to use a combination of linear and non-linear analysis methods to surface and understand relationships within the client's investment datasets comprising approximately 2,000 companies. This will include:

-      Identifying if there are relationships that are non-linear;

-      Applying machine learning methods to categorical factors;

-      Apply a factor screener to find best-performing stocks and portfolios; and

-      Analyse twenty different factors, some binary, some continuous.

If this initial factor analysis and general proof-of concept is considered successful by the client, there are non-binding second and third phases of works, with the expectation that upon completion of phase two, the client would enter into a SaaS data framework licence with Insig.

Steve Cracknell, CEO of Insig AI commented: "I'm very pleased to have secured this initial contract. Whilst the initial contract value is small, it gives us the opportunity to apply our expertise to work with not only a prestigious client, but one at the cutting edge of using data analysis to further improve their investment performance. Furthermore, the potential follow-on work programmes become increasingly more involved with commensurate larger as well as recurring revenue opportunities."

For further information, please visit www.insg.ai, or contact:

On November 15, the 2021 Milken Institute Asia Summit kicked off at Marina Bay Sands in Singapore. TRON founder Justin Sun has been invited to attend this event and will join in the discussion of "Crypto's Continuing Chronicles", one of the summit's major sessions.

The Milken Institute Asia Summit, hosted by the U.S.-based non-profit think tank Milken Institute, is now in its eighth year. This three-day summit will focus on "the Power of Human Connection". It will bring together senior officials, politicians, philanthropists, industry leaders, and academics across the world, including Gan Kim Yong (Minister for Trade and Industry of Singapore), Jacqueline Poh (managing director of IDA Singapore), and Simon Birmingham (Minister for Finance of Australia), who will be discussing how to address the challenges that are looming large in the world. The key solution is to build a more sustainable, inclusive, and equal society by utilizing the power of human connection.

According to the conference program, over 20 sessions will be held, covering topics such as "Real Assets Investment in the Years Ahead", "Crypto's Continuing Chronicles", and "Technology Changing Lives". The session of "Crypto's Continuing Chronicles" will be held from 13:40 SGT to 14:20 SGT on November 15 in Singapore, focusing on topics including supervision on crypto assets and prospect of the cryptocurrency industry. Speakers of this session include Justin Sun, the leading role of the blockchain industry, and Sopnendu Mohanty, chief fintech officer of Monetary Authority of Singapore.

Justin Sun is invited to this event because TRON, under his leadership, has been powering the blockchain sphere with its constant endeavor. Public statistics show that TRON is now among the world's top three public chains and boasts over 610 million users with the number of transactions topping 2.5 billion. TRON is also the largest blockchain where stablecoin (USDT) circulates, with over 50% global market share and over $50 billion on-chain cryptocurrency assets. TRON has now formed a sound blockchain ecosystem, holding a leading position in the mainstream smart contract-based applications inlcuding DeFi, NFT, stablecoin, and distributed protocol.

Recently, TRON also rolled out BitTorrent Chain (BTTC), the first heterogeneous cross-chain interoperability protocol in the industry. It will provide global mainstream blockchains with practical scaling solutions and deliver heterogeneous cross-chain communication that is decentralized and free of trust, ushering in a new era of "connecting all chains''. It can be expected that BTTC will help TRON further cement its dominant position in the blockchain space.

Milken Institute Asia Summit 2021, one of the largest international conferences held in Singapore this year, brings together around 400 leading roles across the political, business, and academic fields to discuss feasible solutions to the raging challenges of the day. This year's summit includes in-person meetings, virtual sessions and private roundtable forums on specific topics and will be broadcast live globally through its official channel.