The newly updated page offers an in-depth look at CET, covering all aspects of the token’s structure and functionality. Users will now find comprehensive details on the total issuance of CET, offering a clear understanding of its supply metrics and distribution. The economic model underlying CET is also meticulously explained, illustrating how the token is designed to operate within the market and maintain its value over time.

In line with CET’s deflationary mechanism, the page provides detailed records of CET’s buyback and burn activities, demonstrating CoinEx’s ongoing efforts to reduce the circulating supply of CET and enhance its long-term value proposition. Furthermore, the various rights and benefits available to CET holders are outlined, including trading fee discounts and early access to new products within the CoinEx ecosystem.

This update also includes an expansive overview of the entire CoinEx ecosystem, showcasing how CET integrates with our range of platforms, products, and services. As innovation continues, CET will soon be at the forefront of new applications and use cases within CoinEx’s ecosystem, broadening its utility and importance.

The updated CET information page is a reflection of CoinEx’s dedication to transparency and vision for a robust, user-centered ecosystem. Moving forward, CoinEx remains dedicated to expanding the functionality of CET and exploring new avenues for its use. We encourage our community to stay tuned for upcoming announcements that will further enhance the value and utility of CET within the digital economy.

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This collaboration combines the convenience of crypto trading with the stability and yield of traditional financial instruments. 

Key Highlights: 

• $TBILL now available on Bake 
• 5.0% APY for $TBILL subscribers 
• Eligibility for OpenEden’s token airdrop for $TBILL on Bake 

“We’re thrilled to offer our users access to tokenized US Treasury bills, powered by OpenEden,” said Julian Hosp, Bake CEO. “This aligns perfectly with our mission to be the go-to crypto super-app, providing a comprehensive range of digital assets and DeFi services. More importantly, it ties back to our core purpose of leveling the investment playing field for users, giving them access to institutional-grade yields that were traditionally out of reach for many retail investors”. 

Building Bake’s offering on top of $TBILLs ensures a reliable, low-risk source of on-chain yield, capitalizing on rising T-bill yields in the current high-interest rate environment. It provides an attractive alternative to holding stablecoins, with no risk of depegging, and appreciation based on the underlying risk-free interest rate. 

Through Bake’s offering, retail users have a unique opportunity to gain exposure to the yields from US Treasury Bill rates, further democratizing access to institutional-grade assets on-chain. 

Jeremy Ng, Co-Founder at OpenEden, added, “We’re on a mission to bring real-world yields on-chain for DeFi platforms like Bake. It has been incredibly exciting to work with the team, to enable the Bake platform to access risk-free yields on crypto rails.” 

With over $75 million in Total Value Locked and recent inflows of $15 million in just one week, OpenEden is already seeing significant market traction. 

OpenEden’s $TBILL is backed by high-quality liquid assets, including US Treasury and Reverse Repurchase Agreements collateralized by US Treasury. The product has received an “A” investment-grade rating from Moody’s, a first for tokenized US Treasury products.

Bake users can now access yields powered by $TBILLs by swapping USDC on the Bake platform. As an exclusive opportunity, Bake users may be eligible to participate in OpenEden community token airdrops through Bake, details to be announced 

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Known for its reliability and advanced technology, BTCC offers a secure trading environment and extensive services for crypto enthusiasts. The platform supports trading for over 300 major cryptocurrencies with up to 225x leverage on USDT perpetual contracts, providing industry-leading liquidity and instant order execution.

CoinsDo, whose core product is a secure, MPC-powered platform for moving, storing, and managing digital assets, will help BTCC streamline their crypto receiving experience and automate their users’ crypto withdrawals.

“We are excited to partner with CoinsDo to elevate our cryptocurrency services. Their cutting-edge technology and expertise in digital asset management will enable us to provide our users with enhanced security and efficiency, setting a new standard in the industry,” said Alex, Head of Operations at BTCC.

“We are delighted to collaborate with BTCC, one of the most reputable cryptocurrency exchanges globally. Our MPC-based wallet and network infrastructure will empower BTCC to offer innovative crypto solutions, ensuring their users enjoy the best possible digital asset experience,” said Weh Ming, BD Manager at CoinsDo.

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This integration enables Fireblocks customers to securely store ZIL tokens in their Fireblocks Vault and conduct transactions on the Fireblocks Network, an enterprise-grade digital asset transfer platform for rapid digital asset transactions and dynamic payment workflows, facilitating the transfer of digital assets and tokens on Zilliqa amongst enterprise customers.

Through this strategic integration and its native compatibility with Ethereum Virtual Machine (EVM) applications, Zilliqa enhances accessibility for users, supporting popular wallets and developer tools, and fostering the development of powerful multi-chain applications.

Fireblocks serves thousands of financial institutions and has facilitated the transfer of over $6 trillion in digital assets. Notable customers using the Fireblocks platform include major financial institutions, cryptocurrency exchanges, and retail payment service providers, such as BNY Mellon, Revolut, Worldpay, eToro, and Galaxy Digital.

As a pioneer in multi-party computation (MPC) custody technology, Fireblocks empowers enterprise and institutional clients to securely and efficiently transact digital assets across major blockchain platforms.

This collaboration not only strengthens Zilliqa’s presence in the institutional finance realm but enhances its Web3 ecosystem and benefits its endeavors within the luxury and entertainment sectors through the Fireblocks Non-Custodial Wallet-as-a-Service (WaaS) offering, which delivers a secure and scalable wallet platform for corporates, fintechs and Web3 businesses.

Speaking on today’s announcement, Zilliqa CEO Matt Dyer said:

“The integration of our network with Fireblocks marks a pivotal moment for Zilliqa, granting institutional and retail investors seamless access to our high-throughput, secure and easy-to-use blockchain network. By working with Fireblocks, we are opening doors for everyone from end-users to financial institutions to explore and invest in the innovative and growing list of opportunities within the Zilliqa ecosystem, further fueling its growth and development.”

Also speaking on the announcement, Fireblocks Managing Director, Financial Markets, Stephen Richardson said:

“We are thrilled to be expanding Fireblocks’ multi-blockchain support to include Zilliqa EVM. Fireblocks supports over 60 blockchains and the leading token standards for Web3 and NFTs, and Zilliqa’s integration presents new opportunities for institutional collaboration that leverages the capabilities of Zilliqa’s ecosystem.”

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Advisory & Consulting

FRNT Financial has entered into a number of engagements, advising crypto-related corporate clients with unique financing needs and structures. These include a mix of M&A mandates, minority financings, and structured financings. The Company is engaged in over $500 million in notional mandates. While execution risk remains, several mandates are in advanced stages and are expected to conclude within the next 9-12 months.

Lending Origination

In the recent quarter, FRNT saw an influx of indications from prospective borrowers of fiat currencies, collateralized by digital assets. Client indications currently amount to upwards of USD equivalent $100 million in notional, with FRNT typically earning origination fees and spreads on such transactions, if executed.

Trading Services

Claims Trading: FRNT remains engaged and advising FTX claims holders following the 2022 bankruptcy. The Company was one of the most active firms in consulting around such transactions in 2023. With a minority of claims having traded to date, FRNT believes the opportunity remains with the bankruptcy estate now adding further clarity to the liquidation timing.

Derivatives: While regulated OTC-derivatives trading was particularly impacted by the bear-market conditions of the last two-years, the Company has seen renewed interest in such structures. FRNT intends to launch an augmented version of its historical ‘SEM-Trade’ derivatives-platform as this business-line returns in the coming quarters.

Spot Services: After a year where many core spot trading clients restructured or dissolved, FRNT is seeing an influx of onboarding of new clients, achieving levels not seen since 2021.

Quote from Management

“The business of FRNT is emerging from a unique, disruptive period where the institutional adoption of digital assets was put on pause due to high-profile disasters in the industry and a depressed macro environment,” said Stéphane Ouellette, CEO of FRNT Financial. “As clear changes in sentiment are emerging in key regions and regulatory clarity is improving, FRNT is experiencing an incredible increase in demand for its services. FRNT is one of the few institution-focused businesses in the industry that has been able to stabilize operations after an incredibly difficult period. We further expect, in the coming quarters, as the industry normalizes, to see less volatile and more predictable quarterly revenues.”

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Jeremy Warner, Head of Sales, has been with BitIRA since its 2017 founding. “Today’s BitIRA customer is quite sophisticated,” he said. “They already understand what a blockchain is. They’re familiar with the benefits of cryptocurrency. They know the difference between proof-of-stake and proof-of-work.” He chuckled. “In fact, they’re ready to get started – and we don’t want to slow them down!”

New customers now have the option of bypassing consultation with a Digital Currency Specialist and opening digital IRAs themselves.

“You can deposit funds directly, or start a rollover from an existing retirement account. Start to finish, it takes about ten minutes,” Warner said.

Warner wanted to make it very clear he had no intention to create two classes of customers. Regardless of their signup method, every customer receives BitIRA’s world-class service:

• End-to-end insurance of digital assets from theft, fraud, mistakes and even hacking are fully covered before, during and after transactions – even in storage
• Security from Ledger Enterprise, leaders in digital asset security
• Trade 18 cryptocurrencies with fast settlement (T+1)
• Exchange partner Galaxy Digital (SEC, FINRA and CFTC registered) is the most advanced digital asset trading and liquidity company on the planet
• On-demand account management so you can check your account value and transact just about anytime with the My BitIRA platform
• Expert support from an SIPC and FINRA-registered custodian specializing in self-directed IRAs
• Tax-free transactions and tax-deferred growth
• An expert team of Digital Currency Specialists ready to guide and provide assistance when needed

“For those who want to consult with a Digital Currency Specialist, we’re standing by,” Warner said. “For anyone who already knows the ins and outs of cryptocurrency, and they’re ready to get started – well, now they can.”

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The MoU focuses on a collaboration to issue a Securities and Futures Commission of Hong Kong (SFC) approved ETF, which would consist of a basket of cryptocurrencies, such as Bitcoin and Zetrix, and potentially other suitable cryptocurrencies.

This collaboration follows MYEG-developed Zetrix’s announcement of a strategic alliance with Web3Labs Hong Kong, a powerhouse in Web3 development and investment, alongside venture capital firm Summer Capital. Together, they aim to drive forward Hong Kong’s Web3 ambitions and position Zetrix as the preferred blockchain infrastructure for applications aligned with the Hong Kong government’s objectives, an initiative launched earlier this year.

The collaborative effort between MYEG and MaiCapital is timely, coming just as the SFC has begun granting approvals to several asset managers to launch the first spot bitcoin and ethereum ETFs.

TS Wong, Managing Director of MYEG, says that this partnership marks another milestone in integrating digital assets into mainstream finance.

“MYEG is pleased to partner with MaiCapital, a leading provider of virtual asset (VA) fund services in Hong Kong, to expand our offerings of cryptocurrency virtual assets fund or ETF options for investors. This collaboration aims to provide investors with additional avenues for diversification across multiple cryptocurrencies, thereby helping to mitigate the risks and volatility associated with owning a single cryptocurrency.”

Managing Partner of MaiCapital Limited, Marco Lim says this collaboration is a testament that Hong Kong’s embrace of Web3 technologies and positioning itself as a hub for innovation in this space is bearing fruit.

“VAs are a key part of a vibrant Web3 ecosystem, and more and more leading Web3 players are recognising Hong Kong’s progressive yet prudent stance on Web3. Our latest MoU with Zetrix Foundation/MYEG is yet another testament,” he says.

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A New Era of Financial Tools

LendFi’s app brings to the forefront a collection of services that redefine the way users interact with digital assets. The staking feature allows LendFi token holders to earn rewards by participating in network security, while the P2P lending platform offers a streamlined, intermediary-free borrowing and lending experience. The swap functionality facilitates easy and efficient token exchanges, and the GameFi integration opens up new avenues for earning through play. Additionally, the NFT marketplace leverages AI to tailor loan offers and valuations, ensuring a personalized and risk-adjusted experience for all participants.

Exciting Opportunities: Private Sale and IDO

In tandem with the app launch, LendFi is excited to announce its Initial DEX Offering (IDO). The private sale round one generated buzz within the DeFi community raising $600,000 within a few hours of launch.

LendFi is set to launch the round 2 of the private sale on March 30th and it’s attractively priced at $0.2. Thereby offering investors the opportunity to purchase the token at a very affordable price.
This will be followed by the IDO, where tokens will be available at $0.4, providing an excellent opportunity for early adopters to participate in the project’s growth. In anticipation of these events, LendFi also hints at an upcoming listing on Centralized Exchanges (CEX), promising broader access and liquidity for its users.

Strategic Partnerships and Future Plans

LendFi’s commitment to security, innovation, and growth is underscored by its strategic partnerships with industry leaders such as Certik, Hela_Labs, and Socrates. These collaborations not only enhance the platform’s security posture but also bring a wealth of knowledge and resources to support LendFi’s ambitious roadmap. Additionally, the recent listing on Coingecko marks a significant milestone, increasing the project’s visibility and credibility within the cryptocurrency ecosystem.

Over the next 12 months, LendFi is poised for aggressive expansion. With secured investments and a clear strategy, the platform aims to dominate the DeFi protocols space. Key to this strategy is the planned listing on all top-tier exchanges, further enhancing LendFi’s accessibility and appeal to a global audience.

In summary, LendFi’s app launch marks a significant leap forward in the DeFi space, bringing an array of innovative financial tools to the fingertips of users worldwide. With its private and IDO sales underway and plans for substantial growth, LendFi is a beacon for those looking to navigate the promising yet complex waters of decentralized finance.

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FIQ Market One transforms the landscape of wealth management, providing access to a diverse array of investment opportunities, including digital assets, special purpose vehicles (SPVs), alternative funds, private investments, and exchange-traded funds (ETFs) in a single market. Through white-labeled, unified advisor and client portals, investors can seamlessly navigate and invest in these assets, revolutionizing the traditional investment model.

Mark Healy, CEO of FusionIQ, said, “The launch of FIQ Market One represents a pivotal moment in the evolution of wealth management. We are proud to deliver FIQ Market One on the cloud-native FIQ One wealth management platform, an innovation that not only embraces digital transformation but also dramatically improves access. From digital assets to SPVs and alternative funds, FIQ Market One now provides a single market for investors and advisors to explore and invest in innovative financial products.”

The flexible cloud native FusionIQ One wealth management platform delivers the most comprehensive features and deepest functionality in an all-in-one, providing a seamless digital workflow across its core modules. FusionIQ’s easy to implement products including FIQ Journey, FIQ Market One, and FIQ TAMP+ are designed to get advisors and institutions to market faster, more securely, and at a lower cost, while delivering the efficiencies and productivity necessary for profitable organic growth.

“FIQ Market One empowers financial firms to develop diversified portfolios at scale, ensuring advisors can focus on delivering personalized investment experiences to their clients,” said John Guthery, Chief Investment Officer at FusionIQ. “With flexible ETF model portfolio solutions, access to top investment strategists, and automated rebalancing features, FIQ Market One sets a new standard for efficiency and performance in wealth management, while its multilingual platform structure lets advisors communicate with clients in a variety of languages, opening new opportunities for success.”

In addition to its robust investment offerings, FusionIQ One prioritizes data security compliance, holding a SOC 2 Certification to guarantee maximum protection of client information. The platform’s multi-custodian integration, single sign-on capability (SSO), and API suite further enhance the user experience and operational efficiency.

FIQ Market One is poised to disrupt the industry, providing financial advisors and institutions with the tools they need to thrive in an increasingly competitive environment. By embracing digital innovation and delivering comprehensive wealth management solutions, FusionIQ reinforces its commitment to empowering clients to become digital wealth leaders.

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Mr. Sleafer is a seasoned finance professional, having formerly served as the Head of APAC Liquidity Management at Stripe, responsible for its regional treasury function and safeguarding of user assets. Prior to that, he held various senior management roles at Credit Suisse, most recently in Singapore as Head of Liquidity Management for the APAC division, and before this in Zurich and London leading implementation and production of enhanced regulatory liquidity reporting post the 2008 financial crisis. He has worked in regulated financial services for over sixteen years before joining Backpack Exchange. At Backpack Exchange US and other regulated subsidiaries, he will oversee the company’s finance function and be responsible for custody of user assets as well as liquidity management.

Armani Ferrante, CEO of Backpack Exchange said, “Oliver has extensive experience working in both traditional finance and digital assets at regulated financial institutions. We are extremely excited to bring him on board and help us operate at the highest levels of transparency, auditability and accountability.”

Mr. Sleafer added, “I’m excited to join Backpack Exchange as one of the most trusted and exciting crypto asset exchanges in the space. I’m proud to bring my experience in liquidity, risk management and finance to further Backpack Exchange’s mission of compliance and setting gold standards for transparency and auditability worldwide.”

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