RMO

Wanclouds Strengthens its Partnership with AWS by Becoming a Global Delivery Partner for its Rapid Migration Offering within the Migration Acceleration Program

Retrieved on: 
Thursday, March 14, 2024

SANTA CLARA, Calif., March 14, 2024 /PRNewswire-PRWeb/ -- Wanclouds, a leading multi-cloud SaaS and managed service provider, has further strengthened its partnership with Amazon Web Services (AWS) by becoming a global delivery partner for its Rapid Migration Offer (RMO) within the Migration Acceleration Program (MAP). MAP is a complete and tested cloud migration program built on the AWS expertise in moving commercial customers to the cloud, which enables companies to accelerate their cloud migration and modernization journey with an outcome-driven methodology. Furthermore, it provides access to tools like Wanclouds on the AWS marketplace that accelerate and automate migrations while reducing costs.

Key Points: 
  • SANTA CLARA, Calif., March 14, 2024 /PRNewswire-PRWeb/ -- Wanclouds , a leading multi-cloud SaaS and managed service provider, has further strengthened its partnership with Amazon Web Services (AWS) by becoming a global delivery partner for its Rapid Migration Offer (RMO) within the Migration Acceleration Program (MAP).
  • Furthermore, it provides access to tools like Wanclouds on the AWS marketplace that accelerate and automate migrations while reducing costs.
  • Wanclouds is one of the only companies that is able to provide software and services for AWS migrations at a fixed price in line with the AWS Rapid Migration Offer (RMO).
  • As an AWS Migration and Modernization ISV solution provider, Wanclouds is a trusted partner that meets specific criteria AWS requires regarding its knowledge, experience, and customer success.

FCC Capital Berhad Introduces Innovative Cryptocurrency Staking Service in Malaysia, Emphasizing Safety and Non-Custodial User Empowerment

Retrieved on: 
Saturday, February 3, 2024

As the cryptocurrency market continues to evolve, FCC Capital Berhad recognizes the growing demand for secure and user-friendly staking solutions.

Key Points: 
  • As the cryptocurrency market continues to evolve, FCC Capital Berhad recognizes the growing demand for secure and user-friendly staking solutions.
  • Key features of the staking service:
    Safety First: State-of-the-art security protocols to ensure the safety of users' digital assets.
  • Reliability: With a commitment to uptime and reliability, FCC Capital Berhad ensures that users can stake their assets seamlessly.
  • Non-Custodial Approach: FCC Capital Berhad distinguishes itself by adopting a non-custodial approach, allowing users to retain full control over their digital assets.

Abaxx Granted Approved Clearinghouse and Recognised Market Operator Licenses from Monetary Authority of Singapore

Retrieved on: 
Thursday, December 7, 2023

TORONTO, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (NEO:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of the Abaxx Commodity Exchange and Clearinghouse (“Abaxx Singapore”), and producer of the SmarterMarkets™ Podcast, announces that the Monetary Authority of Singapore (MAS) has granted an Approved Clearinghouse (ACH) license and Recognised Market Operator (RMO) license to Abaxx Singapore’s fully owned subsidiaries, Abaxx Clearing Pte Ltd. (“Abaxx Clearing”) and Abaxx Exchange Pte Ltd. (“Abaxx Exchange”) respectively.

Key Points: 
  • TORONTO, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (NEO:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of the Abaxx Commodity Exchange and Clearinghouse (“Abaxx Singapore”), and producer of the SmarterMarkets™ Podcast, announces that the Monetary Authority of Singapore (MAS) has granted an Approved Clearinghouse (ACH) license and Recognised Market Operator (RMO) license to Abaxx Singapore’s fully owned subsidiaries, Abaxx Clearing Pte Ltd. (“Abaxx Clearing”) and Abaxx Exchange Pte Ltd. (“Abaxx Exchange”) respectively.
  • The grant of these licenses is expected to allow Abaxx to operate a regulated marketplace that provides a venue for listing and trading futures and options contracts and a clearing facility that offers centralized clearing and settlement services for global commodities markets.
  • “Receiving our ACH and RMO licenses marks a monumental milestone for both the Abaxx team and the development of Smarter Markets,” said Abaxx Exchange CEO Nancy Seah.
  • “Commodity futures markets provide the price discovery and ability to transfer risk that is crucial to unlocking the investment capital needed to ensure the reliable supply of energy and materials to meet the world’s demand.

DigiFT Obtains Recognition as Recognised Market Operator and Capital Markets Services Licence From the Monetary Authority of Singapore

Retrieved on: 
Tuesday, December 5, 2023

DigiFT, a digital assets exchange , is pleased to announce today that it has obtained a Capital Markets Services (CMS) licence and has been recognised as a Recognised Market Operator (RMO) by the Monetary Authority of Singapore (MAS).

Key Points: 
  • DigiFT, a digital assets exchange , is pleased to announce today that it has obtained a Capital Markets Services (CMS) licence and has been recognised as a Recognised Market Operator (RMO) by the Monetary Authority of Singapore (MAS).
  • As a RMO, it will also be able to operate an organised market for secondary trading of security tokens on the public blockchain.
  • Established in 2021, DigiFT is the first exchange with an Automatic Market Making (AMM) mechanism to have been admitted into the MAS FinTech Regulatory Sandbox.
  • "Singapore, a leading hub for financial services and technological innovation, has proven to be a conducive launchpad for fostering fintech breakthroughs.

Abaxx Announces CAD$27 Million Financing to Complete RMO and ACH License Requirements, Termination of ATM Program

Retrieved on: 
Monday, October 23, 2023

TORONTO, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (NEO:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of the Abaxx Commodity Exchange and Clearinghouse (“Abaxx Singapore”), and producer of the SmarterMarkets™ Podcast, is pleased to announce that is has entered into a binding term sheet for a financing with a strategic investor (the “Financing”). The Financing shall consist of an issuance of up to 4,695,653 common shares of the Company at a price of CAD $5.75 per common share for gross proceeds of CAD $27 million, of which a lead strategic investor shall subscribe for CAD $20.5 million (3,565,218 shares).

Key Points: 
  • A minimum of USD $5 million (CAD $6.8 million) shall be raised by Abaxx Singapore Pte.
  • Ltd. (“Abaxx Singapore First Tranche”) under a concurrent financing from third parties on terms at the sole discretion of the Company.
  • The proceeds of the Financing and concurrent Abaxx Singapore First Tranche financing are expected to enable Abaxx to complete its final application for RMO and ACH licenses for Abaxx Exchange and Clearinghouse with the Monetary Authority of Singapore Abaxx and provide working capital through launch of the exchange, allowing for the termination of the ATM program.
  • Upon termination, the Company is expected to have no further obligations related to the ATM Program.

Québec accelerates the recovery of agricultural plastics

Retrieved on: 
Monday, October 2, 2023

The objective is to make more accessible and reliable the recycling or recovery of plastics and packaging used by farmers.

Key Points: 
  • The objective is to make more accessible and reliable the recycling or recovery of plastics and packaging used by farmers.
  • The regulation specifically requires that primary suppliers (manufacturers/distributors) of products fund the development and implementation of a comprehensive system for the collection, recovery and recycling of agricultural plastics in Quebec.
  • From October 1, an ecofee is applied to certain agricultural products such as silage film, tarpaulins, food bags, and other products used in agricultural production.
  • They want their plastics and packaging to be recycled or recovered.”
    The scale of the new programs will result in increased volumes of agricultural plastics being recovered for recycling or safe disposal.

Abaxx Provides Corporate Update

Retrieved on: 
Friday, September 29, 2023

TORONTO, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (NEO:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of the Abaxx Commodity Exchange and Clearinghouse (“Abaxx Singapore”), and producer of the SmarterMarkets™ Podcast, summarizes development activities over the past quarter and the general progress of the Company’s business plans. Abaxx also announces that it completed a financing of approximately CAD $1,013,000 through the private placement of an unsecured convertible debenture of the Company with an existing shareholder. Further details of these updates are provided below.

Key Points: 
  • Strategic Financing: The strategic financing process for Abaxx Singapore is progressing, with an expected conclusion in early Q4.
  • Abaxx has signed non-binding term sheets as well as definitive agreements with corporate strategic investors, as previously disclosed on August 14th, 2023.
  • The following press release provides a detailed update on these developments.
  • First Tranche of Strategic Financing: Abaxx Singapore, consistent with its initiative for a US$20 million to US$35 million best efforts equity private placement of preferred shares (the “Preferred Shares”) of Abaxx Singapore (the “Offering”), has formalized an investment agreement with an initial corporate investor.

Abaxx Submits Nickel Futures Contract Specifications for Inclusion as a Flagship Abaxx Exchange and Clearing Product

Retrieved on: 
Thursday, August 17, 2023

TORONTO, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc., (NEO:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of the Abaxx Commodity Exchange and Clearinghouse (“Abaxx Singapore”), and producer of the SmarterMarkets™ Podcast, announces that Abaxx Singapore Pte. Ltd.’s subsidiary, Abaxx Exchange Pte. Ltd., has submitted a Notification of Impending Listing of Futures Contracts to the Monetary Authority of Singapore (MAS).

Key Points: 
  • Ltd., has submitted a Notification of Impending Listing of Futures Contracts to the Monetary Authority of Singapore (MAS).
  • Ltd submitted innovative nickel sulphate futures contract specifications, which are subject to regulatory review and final approval.
  • The initial Nickel Sulphate futures contract will include a new approach to the legacy warehouse structure of current base metals contracts.
  • Abaxx’s nickel sulphate futures contract is the result of collaboration with 21 firms, including a broad spectrum of industry market participants.

Abaxx Provides Corporate Update and Quarterly Development Activities

Retrieved on: 
Wednesday, August 16, 2023

TORONTO, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (NEO:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of the Abaxx Commodity Exchange and Clearinghouse (“Abaxx Singapore”), and producer of the SmarterMarkets™ Podcast, summarizes development activities over the past quarter and the general progress of the Company’s business plans.

Key Points: 
  • Exchange Product Development: Abaxx Singapore is finalizing Stage 3 of its nickel-related product development — focused on industry, risk, and regulatory considerations.
  • Abaxx Group Development Company Base Carbon Delivers First Revenues to Abaxx Technologies: In Q2-2023, Abaxx achieved an important corporate milestone by recognizing first revenues on the Company’s 2.5% gross revenue royalty on Base Carbon sales, the first group revenue from an organic development project within Abaxx.
  • The Company plans to host a quarterly business update investor presentation, to provide a business update and respond to investor questions.
  • The Company invites current and prospective shareholders to attend this quarterly business update and Q&A session with the Abaxx executive team.

AgriRÉCUP/Cleanfarms confirmed as recognized management organization (RMO) for the recovery and valorization of agricultural plastics in Quebec

Retrieved on: 
Wednesday, July 12, 2023

This recognition allows businesses that market such products in Quebec to fulfill their obligations under the new Regulation on the Recovery and Valorization of Products by Enterprises (RRVPE) of the Government of Quebec by joining AgriRÉCUP/Cleanfarms.

Key Points: 
  • This recognition allows businesses that market such products in Quebec to fulfill their obligations under the new Regulation on the Recovery and Valorization of Products by Enterprises (RRVPE) of the Government of Quebec by joining AgriRÉCUP/Cleanfarms.
  • It also confirms AgriRÉCUP/Cleanfarms' expertise and commitment to the recovery and valorization of agricultural products, as well as its evolving position in the Quebec agricultural landscape over the last 13 years.
  • This designation applies to four subcategories of agricultural products targeted by the RRVPE, namely subcategories 1 (silage plastics), 2 (agricultural bags), 3 (pesticide and fertilizer containers) and 7 (pesticides and treated seeds).
  • The obligation for businesses to ensure the recovery and valorization of products belonging to these categories came into effect on June 30th.