Businesswire




Plynk™ Works with Paxos to Introduce Cryptocurrency Trading and Educational Resources



The Plynk app for new investors will offer Plynk Crypto TM , the option to trade and custody crypto through regulated custodian and infrastructure leader Paxos

JERSEY CITY, N.J.--(BUSINESS WIRE)--Plynk TM , an investment app for new investors, announced the launch of Plynk Crypto TM , allowing app users to trade and hold Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) via Paxos Trust Company beginning today. As an app for novice investors, Plynk listened to customers as they showed interest in learning about and trading cryptocurrency. Through this relationship with Paxos, the new offering provides easy-to-understand educational guidance for crypto investing.

“Crypto is consistently a point of interest among our customers, despite this period of heightened volatility,” said Alicia Sundberg, head of Plynk. “The reality is many beginner investors have already invested in digital assets, and we believe many more will do so in the future. This is an opportunity not only to help our customers gain access to digital assets through a third-party referral arrangement with Paxos, but also to provide them with easy-to-understand crypto education, which is what we believe sets Plynk and Plynk Crypto apart from other investing and crypto trading apps, respectively.”

In addition to allowing customers to buy and hold digital assets, Plynk Crypto is dedicated to educating new investors and will actively work to remove barriers to getting started in crypto trading. In tandem with Plynk Crypto’s launch, Plynk rolled out educational articles on crypto basics , Bitcoin Cash , Litecoin , Bitcoin and Ethereum , to help customers become more informed on cryptocurrency. Plynk Crypto is dedicated to education and will continue to expand crypto educational materials.

Walter Hessert, head of Strategy for Paxos, commented, “Blockchain technology and digital assets will revolutionize finance as it offers the opportunity for all to join an open, global economy. By working with a regulated Trust company, Plynk is helping ensure the security of its customers’ digital assets, while Paxos manages the underlying complexity. We’re excited to join Plynk in helping new investors learn about and access crypto markets.”

Plynk is specifically designed to help new investors gain education and confidence along the way. In the app, new investors can invest in a wide selection of stocks, exchange-traded funds (ETFs) and mutual funds. Plynk assists new investors in this process by helping identify investments aligning with their interests by easily scrolling through brands they already love and trust. Also located within the app is an educational hub called Plynk Think, which teaches investing fundamentals and encourages a learn-by-doing approach through interactive lessons aiming to help users build sound financial habits.

The Plynk app is available to download now on iOS (through the App Store®) and download for Android® (through the Google Play® Store). For more information about Plynk and Plynk Crypto, visit www.plynkinvest.com .

About Plynk

Plynk is a new investing app that helps make investing easier for new investors. Created by people who have a passion for making investing simple, Plynk makes it easy to get started, get comfortable and get the hang of investing. Plynk offers straightforward language, clear explanations and just a $1 minimum to make it easy to begin investing. Plynk also includes tips, how-tos and easy-to-understand educational articles that help beginners learn as they go. Plynk is a service of Digital Brokerage Services LLC, a registered broker-dealer by the U.S. Securities and Exchange Commission and is a member of FINRA and SPIC. Learn more at www.plynkinvest.com .

About Paxos

Paxos is a leading regulated blockchain infrastructure platform. Its products are the foundation for a new, open financial system that can operate faster and more efficiently. Today, trillions of dollars are locked in inefficient, outdated financial plumbing that is inaccessible to millions of people. Paxos is replatforming the financial system to enable assets to instantaneously move anywhere in the world, at any time, in a trustworthy way.

Paxos uses technology to tokenize, custody, trade and settle assets. It builds enterprise blockchain solutions for institutions like PayPal, Interactive Brokers, Meta, Mastercard, MercadoLibre, NuBank, Bank of America, Credit Suisse, Societe Generale and Revolut. Paxos is a top-funded fintech company with more than $540 million raised from leading investors including Oak HC/FT, Declaration Partners, Founders Fund, Mithril Capital and PayPal Ventures. With offices in New York, London and Singapore, Paxos takes a global approach to modernizing the financial system.

Risks of investing in securities through Plynk : Before investing, consider the mutual fund or exchange-traded product’s investment objectives, risks, charges, and expenses. Contact Plynk or visit the Plynk TM app for a prospectus or, if available, a summary prospectus containing this information. Read it carefully. Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money. Past performance is no guarantee of future results. Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market or economic developments. Investing in stocks, mutual funds, and ETFs involves risks, including the loss of principal.

Risks of cryptocurrency trading through Plynk Crypto: Trading in cryptocurrency is especially risky due to its volatility and is only for individuals with a high-risk tolerance and the ability to withstand financial losses. Cryptocurrency assets held at Paxos are not protected by the SIPC or FDIC.

Plynk, Plynk Crypto, and the Plynk logo are trademarks of FMR LLC. Contacts

Ketchum for Plynk Topanga Hockett 646-935-3974 Topanga.Hockett@Ketchum.com marketing@plynkinvest.com Follow Plynk Instagram @PlynkInvest Twitter @PlynkInvest Facebook Facebook.com/plynkinvest LinkedIn LinkedIn.com/company/plynk-invest/about

Estate Planners Globally Now Have a Comprehensive and Practical Client-Based Approach to Digital Estate Planning



Digital Asset Entanglement: Unraveling the Intersection of Estate Laws & Technology explores how digital assets impact estate and succession planning and how organizations can manage in our immersive digital age

TORONTO--(BUSINESS WIRE)-- #ESTATETech --Sharon Hartung, Captain (Ret’d), PEng, TEP, founder of Your Digital Undertaker® and recognized as one of the leading and original voices in digital estate planning globally, and Jennifer L. Zegel , Esq, Practice Leader of Kleinbard LLC’s Trusts and Estates Group , announce the launch of their book: Digital Asset Entanglement: Unraveling the Intersection of Estate Laws & Technology .

Published by LexisNexis , a global leader of information for legal professionals, Digital Asset Entanglement focuses on how technology has disrupted the traditionally paper-based estate industry using a client/user, persona-based framework for global advisors and clients to navigate the complexities of the digital world.

The authors illustrate these complexities using the intriguing case study of Quadriga Fintech Solutions and the now defunct cryptocurrency exchange, QuadrigaCX. Through the Quadriga bankruptcy trustee case, the authors educate estate advisors on the legal and practical technical management considerations surrounding digital assets, including potential financial and emotional losses resulting from undisclosed or inaccessible digital assets.

“The problem when dealing with digital assets is that many advisers may not appreciate the potential pitfalls, access hurdles, expenses and losses that may be at risk when proper measures are not taken, because up until now digital asset planning has never been required,” says Hartung. “The intriguing and eye opening backstory of QuadrigaCX, as recounted in the book’s Foreword by Sheona McDonald , the award-winning documentary filmmaker of Dead Man’s Switch: A Crypto Mystery , compliments the book’s case study and should alarm estate planning professionals if digital estate planning has not occurred.”

Kimberley A. Whaley, CS, TEP, LLM , Founding Partner of WEL Partners , comments in her book review , “Sharon has been keeping us all digitally minded for the last several years. The recent publication is the most in-depth guide yet to estate planning and the digital world. The book is fascinating, replete with draft clauses for planning purposes, a review of property laws, intellectual property, and the intersection of technology. I highly recommend that you give it a read.”

Mark O’Farrell, BA, CLU, CHFC, TEP, CEA, President of The Canadian Institute of Certified Executor Advisors said, "against the backdrop of the blockbuster-movie worthy Quadriga case, potentially one of the most calamitous estate cases in recent history, Hartung and Zegel carve out, with forensic precision, the lessons to be learned by everyone and anyone involved in estate planning and settlement.”

Clients of estate planners will choose organizations that are technologically savvy and have the right processes and tools to address their digital and physical lives in estate planning. Digital Asset Entanglement: Unraveling the Intersection of Estate Laws & Technology is a valuable introductory reference for any advisor looking to understand the technological frontier and how to address client implications. This book is particularly important to: Estate lawyers, estate planners, estate practitioners, financial advisors, wealth management advisors, tax advisors and insurance advisors Estate and legal industry educators seeking a case study for education, course work, panels, articles, conferences, or continuous education offerings such as CLE credits Law and business schools offering technology courses

“We enjoy the benefits technology brings to our lives, but if proper pre-planning is not done, digital assets often become difficult to access after death for a variety of legal, practical, and technical reasons,” says Jennifer Zegel. “​​Sharon and I wrote this book to help advisors and professionals at all ends of the estate industry spectrum to address digital assets in business processes, policies, and procedures to not only protect themselves, but also to establish new best practices in order to assist clients in planning in a digital landscape.”

Sharon’s first book, Your Digital Undertaker: Exploring Death in the Digital Age in Canada , examines digital assets in the context of an individual’s or client’s estate planning life cycle. Her second book, Digital Executor®: Unraveling the New Path for Estate Planning explores how the proliferation of digital assets makes technology the new player at the estate planning table and predicts how innovation will disrupt and digitize the estate industry (#estatetech.)

Digital Asset Entanglement: Unraveling the Intersection of Estate Laws & Technology is available on LexisNexis .

About Sharon Hartung, Your Digital Undertaker ® :

Sharon Hartung, Captain (Ret'd), PEng, MSc, BEng, PMP®, CD, TEP, rmc, is the founder of Your Digital Undertaker®, which provides Digital Executor® consulting for advisors and clients on the tech management aspects of digital assets in estate planning. With an extensive track record in IT management, project management, and consulting, she brings a multi-disciplinary approach to better understanding the role of managing digital assets in estate planning and estate administration.

Sharon is a Society of Trust and Estate Practitioners ( STEP ) member, has served as a committee member on both the STEP Digital Assets Special Interest Group and the STEP Global Thought Leadership Team. As a STEP thought leader, she has provided guidance on tech management aspects of digital assets to integrate practitioner, service provider and firm engagement into the DNA of modern-day estate planning. Sharon helped shape STEP’s new public facing campaign, Protect Your Digital Memories to inform the public on how to protect their digital legacy and memories for future generations. The campaign was inspired by the global benchmark survey results of the STEP’s report, Digital Assets: A Call to Action , which was co-authored by Sharon and the Cloud Legal Project at Queen Mary University of London . She has been recently named as a finalist in the 17th Annual STEP Private Client Awards: Digital Assets Practice of the Year .

About Jennifer L. Zegel, Esq.

Jennifer L. Zegel , Esquire, LL.M., TEP, is a partner at Kleinbard LLC and the Practice Leader of the firm’s Trusts and Estates Group in Philadelphia. A sought-after speaker on digital assets and blockchain technology, she regularly presents at national and international conferences and frequently publishes articles on these topics. Jennifer is a member of the Society of Trust and Estate Practitioners (STEP) and is a committee member and co-deputy of the STEP Global Digital Assets Special Interest Group. She is also Secretary of the Board of Diversity in Blockchain, a national non-profit organization. After earning her B.A. from Temple University, Jennifer obtained her J.D. at Rutgers University School of Law and then returned to Temple University School of Law for her LL.M. in Taxation.

#digitalexecutor #estatetech #estateplan #digitalasset #yourdigitalundertaker #executor #legacyplan #wealthplanning #STEPSIG #SIGSPOTLIGHT #STEP #STEPCongress #STEPPCA #STEPSociety #DigitalMemories #digitalestate #digitalassets #estateplanning #EstateTech #digitallegacy #cryptoassets #legaltech #undertakertech #estate #trustsandestates #cryptolaw #EstateAdministration #digitaldeath #legacyplanning #estatedifferently #digitalafterlife Contacts

Media Contact: Jason Kinnear media@yourdigitalundertaker.ca

Block to Announce Second Quarter 2022 Results





DISTRIBUTED-WORK-MODEL/SAN FRANCISCO--(BUSINESS WIRE)--Block, Inc. (NYSE: SQ) will release financial results for the second quarter of 2022 on Thursday, August 4, 2022, after market close. Block will also host a conference call and earnings webcast at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time on the same day to discuss these results. To register to participate in the conference call, or to listen to the live audio webcast, please visit the Events & Presentations section of Block’s Investor Relations website at investors.block.xyz . A replay will be available at the same website following the call.

About Block

Block, Inc. (NYSE: SQ) is a global technology company with a focus on financial services. Made up of Square, Cash App, Spiral, TIDAL, and TBD, we build tools to help more people access the economy. Square helps sellers run and grow their businesses with its integrated ecosystem of commerce solutions, business software, and banking services. With Cash App, anyone can easily send, spend, or invest their money in stocks or Bitcoin. Spiral builds and funds free, open-source Bitcoin projects. Artists use TIDAL to help them succeed as entrepreneurs and connect more deeply with fans. TBD is building an open developer platform to make it easier to access Bitcoin and other blockchain technologies without having to go through an institution. Contacts

Media Contact press@block.xyz Investor Relations Contact ir@block.xyz

Anti Fund Announces New Digital HQ as First-Year Returns Blow Minds



The Jake Paul, Geoffrey Woo venture capital firm is generating and distributing industry-leading returns despite a volatile market.

MIAMI--(BUSINESS WIRE)-- #AI -- Anti Fund , the unconventional one-year-old venture capital fund from boxer and entertainer Jake Paul and serial entrepreneur Geoffrey Woo , is marking its early success with its first-ever website, launching July 5 th . AntiFund.vc will be the digital headquarters for Anti Fund, where its portfolio founders and extended community can learn about and get more involved in building the technology companies of the future.

As of May 31, 2022, Anti Fund has returned approximately 0.5x DPI for inaugural investors with a conservative 2x TVPI mark during its inception year in a market where some elite tech-focused hedge funds are down ~70% over the same time period.

“We created Anti Fund to be the VC partner that we always wished we had when we started our entrepreneurial careers,” says Woo. “Each generation determines its own culture and lingo and defines their own frontiers of possibility. For the next generation of tech founders, the ability to harness authentic storytelling and command attention is just as valuable as capital and legacy prestige.”

Paul, the 25-year-old pro boxer and cultural phenomenon who’s generated hundreds of millions of dollars in PPV buys and branded revenue, and Woo, an accomplished technology entrepreneur, scientist, and inventor, created Anti Fund as a unique platform for emerging business leaders in a volatile market.

Anti Fund’s manifesto focuses on championing startups that can reshape the current cultural landscape and be the foundation for the next generation of groundbreaking technologies. These companies often bridge established industries with emerging technological frontiers like machine learning and artificial intelligence, blockchain and tokenization, software infrastructure, digital health, and human performance and healthspan enhancement.

Anti Fund specializes in frontier categories and unexplored concepts that have yet to be categorized.

Anti Fund unveiled itself in March 2021 with plans to partner with top technology founders and invest between $100,000 and $1 million in a handful of startups every quarter. Some of their high-profile investments include Alchemy , Manifold , Osmind , Moonpay , and Archive .

“We never thought we could land a man on the moon until we did,” says Paul. “We’re bringing venture back to venture capital.”

He continued, “My career has been defined by achieving the impossible and proving people wrong. Rather than being passive, VCs should champion the fearless and the visionary. Because when new businesses and new technologies succeed, they can make a tremendous impact on our economy and people’s lives.”

Anti Fund uses AngelList’s Rolling Fund platform to call capital through a quarterly subscription from its Limited Partners, including Marc Andreessen, Chris Dixon, and Adam Weitsman among its earliest investors.

About Anti Fund

Anti Fund is a new breed in the world of celebrity-led venture capital firms. It is the only company of its kind to not only leverage the influence and reach of Founder Jake Paul, but to flip the traditional wisdom about how VCs should grow companies. Anti Fund identifies and creates demand for its companies’ ideas, products, and services in anticipation of their delivery to market. Anti Fund champions startups that can reshape the current cultural landscape and be the foundation for the next generation of groundbreaking technologies. Visit www.antifund.vc for more information. Contacts

Knight Strategic Communications Elizabeth Knight Elizabeth@knight-sc.com

Keith Noreika Joins Patomak Global Partners





WASHINGTON--(BUSINESS WIRE)--Patomak Global Partners today announced former acting Comptroller of the Currency and Simpson Thacher & Bartlett LLP Partner Keith Noreika joined the firm to head its Banking Supervision and Regulation Group.

“We are thrilled to add Keith’s deep expertise and unique experience in financial services and banking regulation to our bench of industry-leading experts,” said Patomak’s Chief Executive Paul S. Atkins. “For more than two decades, Keith has been one of the top counselors to the financial world providing keen policy insights, sound regulatory and compliance guidance, and actionable risk management advice to help clients succeed in their complex and ever-changing environments.”

Mr. Noreika joined the firm as Executive Vice President and Banking Supervision and Regulation Group Chairman today. Mr. Noreika reports directly to Mr. Atkins and functions as his primary deputy. In this role, he leads Patomak’s projects related to the U.S. banking industry, as well as those clients that span beyond traditional banking including financial technology and cryptocurrency companies. He is the company’s focal point for c-suite advice on compliance and regulatory requirements at all levels – both domestic and international. He expands the team’s expertise in banking and prudential supervision, adding to its already unmatched group of experts in financial and capital markets and commodities.

“Patomak has become the first choice for global players seeking advice and insight on emerging market opportunities and risks, as well as how regulation and policies affect their ability to serve their customers and operate their businesses,” said Keith Noreika. “I look forward to working with the team at Patomak to deliver even greater value to our clients by anticipating their needs and giving them practical guidance that they can act on.”

Prior to joining Patomak, Mr. Noreika was a lead lawyer in Simpson Thacher & Bartlett LLP’s financial institutions regulatory practice. In that role, he advised domestic and international financial institutions on regulatory issues relating to mergers and acquisitions, minority investments, capital issuances, structuring and compliance activities, and litigation matters.

In 2017, Mr. Noreika served as the acting Comptroller of the Currency (OCC), heading the independent bureau of the U.S. Department of the Treasury that administers and oversees the federal banking system. There, he led nearly 4,000 people who supervised more than 1,400 national banks, federal savings associations, and federal branches and agencies of foreign banks that conducted approximately 70 percent of banking activity in the country. Together, the team ensured these institutions operated in a safe and sound manner, provided fair access to financial services, treated customers fairly, and complied with laws and regulations. At the OCC, he worked to make regulation more accountable, improve the efficiency of chartering and licensing decisions, and sought the enhance the value of the national bank and federal thrift charters and their ability to meet the credit and banking needs of their communities. As acting Comptroller, Mr. Noreika also served as a Director of the Federal Deposit Insurance Corporation and a member of the Financial Stability Oversight Council and the Federal Financial Institutions Examination Council.

Mr. Noreika previously was a partner at Covington & Burling LLP.

Mr. Noreika has also been an adjunct faculty member at the University of Pennsylvania Law School and the University of Virginia School of Law. He received his J.D. from Harvard Law School where he was editor of the Harvard Law Review and earned his B.S. from The Wharton School of the University of Pennsylvania. Contacts

Media: Bryan Hubbard ( BHubbard@patomak.com )

Fairfax County Pension Plan Invests in VanEck New Finance Income Fund, LP



Allocation by Fairfax County retirement systems reflects growing investment demand and rapid evolution of digital assets ecosystem.

NEW YORK--(BUSINESS WIRE)--Leading global asset manager VanEck is pleased to announce the initial tranche of a $35 million commitment in the VanEck New Finance Income Fund, LP, by two retirement systems in Fairfax County, Virginia. The investment by the Fairfax County Employees’ Retirement System and the Fairfax County Police Officers Retirement System demonstrates growing institutional adoption of digital assets, as opportunities continue to mature.

Launched in December 2021, the VanEck New Finance Income Fund, LP, is available to accredited investors. The fund is designed to seek income opportunities for investors via short-term lending arrangements with digital assets entities through a simplified approach that alleviates the operational burden of direct digital assets lending. This may also result in potentially lower volatility as compared to direct digital assets exposure.

For more information on the VanEck New Finance Income Fund, LP, please visit: https://www.vaneck.com/us/en/investments/new-finance-income-fund/

About VanEck

VanEck has a history of looking beyond the financial markets to identify trends that are likely to create impactful investment opportunities. We were one of the first U.S. asset managers to offer investors access to international markets. This set the tone for the firm’s drive to identify asset classes and trends – including gold investing in 1968, emerging markets in 1993 and exchange traded funds in 2006 – that subsequently shaped the investment management industry.

This philosophy rooted in identification and action is reflected today in our initiatives to further the ongoing development and maturity of digital assets. VanEck has been at the forefront in researching and advocating for this asset class since 2017, in terms of establishing a mature market structure as well as by working closely with global regulatory agencies to provide efficient investment solutions to clients. VanEck’s subsidiary, MarketVector Indexes GmbH, was the first regulated index provider to offer digital asset indices to meet industry benchmarking standards. VanEck operates a myriad of European-listed digital asset exchange-traded products, and in the U.S., VanEck launched the first pure-play U.S. ETF to invest in publicly listed companies involved in digital assets. VanEck also offers exposure to bitcoin through a strategy that invests in bitcoin futures, as well as direct bitcoin access to both accredited U.S. investors and qualified offshore investors.

Today, VanEck offers active and passive strategies with compelling exposures supported by well-designed investment processes. As of May 31, 2022, VanEck managed approximately $78.3 billion in assets, including mutual funds, ETFs and institutional accounts. The firm’s capabilities range from core investment opportunities to more specialized exposures to enhance portfolio diversification. Our actively managed strategies are fueled by in-depth, bottom-up research and security selection from portfolio managers with direct experience in the sectors and regions in which they invest. Investability, liquidity, diversity, and transparency are key to the experienced decision-making around market and index selection underlying VanEck’s passive strategies.

Since our founding in 1955, putting our clients’ interests first, in all market environments, has been at the heart of the firm’s mission.

Important Disclosures

The VanEck New Finance Income Fund, LP is not an investment company registered under the Investment Company Act of 1940, and therefore is not subject to the same regulatory requirements as mutual funds or ETFs registered under the Investment Company Act of 1940. The Fund is not a commodity pool for purposes of the Commodity Exchange Act. Before making an investment decision, you should carefully consider the risk factors and other information included in the Private Placement Memorandum. The Partnership's investment program is speculative and entails substantial risks. There can be no assurance that the Partnership's investment objective will be achieved.

The Fund is available to Accredited Investors Only. Please carefully read the Private Placement Memorandum before investing. There is no guarantee the Fund will achieve its investment objective and investors may lose their entire investment. The Fund is not suitable for all investors. Past performance is not a guarantee of future results.

An investment in the Fund is subject to risks which include among others, risks associated with loans and unsecured obligations, stablecoins, stablecoin technology, the digital asset market, preferred and debt securities, dependence on the internet, tax and market risk, investment concentration, lack of regulatory protections and future regulatory developments could affect the viability and expansion of the use of the Fund. Please contact us at investorrelations@vaneck.com for the Private Placement Memorandum which contains additional risk information.

The information herein represents the opinion of the author(s), an employee of the advisor, but not necessarily those of VanEck. The securities/ financial instruments discussed in this material may not be appropriate for all investors.

Certain statements contained herein may constitute projections, forecasts and other forward looking statements, which do not reflect actual results, are valid as of the date of this communication and subject to change without notice. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data.

Cryptocurrency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but it does not have legal tender status. Cryptocurrencies are sometimes exchanged for U.S. dollars or other currencies around the world, but they are not generally backed or supported by any government or central bank. Their value is completely derived by market forces of supply and demand, and they are more volatile than traditional currencies. The value of cryptocurrency may be derived from the continued willingness of market participants to exchange fiat currency for cryptocurrency, which may result in the potential for permanent and total loss of value of a particular cryptocurrency should the market for that cryptocurrency disappear. Cryptocurrencies are not covered by either FDIC or SIPC insurance.

Investing in cryptocurrencies comes with a number of risks, including volatile market price swings or flash crashes, market manipulation, and cybersecurity risks. In addition, cryptocurrency markets and exchanges are not regulated with the same controls or customer protections available in equity, option, futures, or foreign exchange investing. There is no assurance that a person who accepts a cryptocurrency as payment today will continue to do so in the future.

The features, functions, characteristics, operation, use and other properties of the specific cryptocurrency may be complex, technical, or difficult to understand or evaluate. The cryptocurrency may be vulnerable to attacks on the security, integrity or operation, including attacks using computing power sufficient to overwhelm the normal operation of the cryptocurrency’s blockchain or other underlying technology. Some cryptocurrency transactions will be deemed to be made when recorded on a public ledger, which is not necessarily the date or time that a transaction may have been initiated.

The Partnership will be treated as a partnership for U.S. federal income tax purposes and not as an association or “publicly-traded partnership” taxable as a corporation. Each investor should consult before investing, with their advisors on the tax, accounting, and legal implications of investing based on your particular circumstances.

There may be risks posed by the lack of regulation for cryptocurrencies and any future regulatory developments could affect the viability and expansion of the use of cryptocurrencies. Investors should conduct extensive research before investing in cryptocurrencies. Past performance is not a guarantee of future results.

Information provided by Van Eck is not intended to be, nor should it be construed as financial, tax or legal advice. It is not a recommendation to buy or sell an interest in cryptocurrencies. Contacts

Media Contacts: Chris Sullivan/Julia Stoll MacMillan Communications (212) 473 - 4442 chris@macmillancom.com

Core Scientific Announces June Updates



Operating over 180,000 owned and colocated ASIC servers Produced 1,106 self-mined bitcoins Daily self-mining increased by 14% from June 1 (34.8) to June 30 (39.8) Second quarter earnings release and conference call scheduled for August 11, 2022

AUSTIN, Texas--(BUSINESS WIRE)-- $CORZ #earnings -- Core Scientific, Inc. (NASDAQ: CORZ) ("Core Scientific" or “the Company”), a leader in high-performance blockchain data centers and software solutions, today announced production and operational updates for June 2022.

“Throughout June we continued to add data center capacity, grow our self-mining assets and deploy additional colocated ASIC servers for our customers,” said Mike Levitt, Core Scientific Chief Executive Officer. “Our industry is enduring tremendous stress as capital markets have weakened, interest rates are rising and the economy deals with historic inflation. Our company has successfully endured downturns in the past, and we are confident in our ability to navigate the current market turmoil.”

“We are working to strengthen our balance sheet and enhance liquidity to meet this challenging environment, and continue to believe that we will be operating in excess of 30 EH/s in our data centers by year end 2022. We remain focused on executing our plan, while taking advantage of distressed opportunities that may arise. We look forward to updating our shareholders in more detail during our regularly scheduled earnings conference call planned for August 11,” Mr. Levitt added.

Data Centers

Data centers owned and operated by the Company in Georgia, Kentucky, North Carolina and North Dakota continued to operate as expected. The Company now has multiple facilities operational in Texas. Significant future development is planned for Texas and Oklahoma in 2022.

As of month-end, the Company operated more than 180,000 ASIC servers, representing 17.9 EH/s, in its data centers.

Self-Mining

Core Scientific’s self-mining operations produced 1,106 bitcoins in June, averaging 36.9 bitcoins per day, a slight increase from the prior month. Bitcoin production benefitted from server deployments during the month, but production advances were limited by a substantial increase in curtailment activity. Daily production increased by approximately 14% during the month of June, from 34.8 bitcoins on June 1 to 39.8 bitcoins on June 30.

At month end the Company operated a self-mining fleet of approximately 103,000 ASIC servers, producing 10.3 EH/s. The Company expects to deploy approximately 70,000 additional self-mining ASIC servers over the next six months. Approximately 90% of the cost of the additional servers has already been paid.

As of June month end, self-mining accounted for approximately 57% of the Company’s data center capacity and digital asset mining operations.

Colocation Services

In addition to its self-mining fleet, as of June 30, 2022, Core Scientific provided data center colocation services, technology and operating support for approximately 79,000 customer owned ASIC servers generating 7.6 EH/s. Colocated EH/s declined slightly from May to June as a result of the Company’s long-planned acquisition of Argo’s ASIC servers that were colocated in the Company’s data centers.

As of June month end, colocation services accounted for approximately 43% of the Company’s data center capacity and digital asset mining operations. Inquiries for colocation services continue to exceed the Company’s available infrastructure.

Bitcoin Sales

During the month of June, the Company sold 7,202 bitcoins at an average price of approximately $23,000 per bitcoin for total proceeds of approximately $167 million. As of June 30, 2022, the Company held 1,959 bitcoins and approximately $132 million in cash on its balance sheet.

Proceeds from bitcoin sales in June were primarily used for payments for ASIC servers, capital investments in additional data center capacity and scheduled repayment of debt. The Company will continue to sell self-mined bitcoins to pay operating expenses, fund growth, retire debt and maintain liquidity.

Grid Support

In the month of June, the Company powered-down a portion of its data center operations for a total of 2,472 megawatt hours. Core Scientific works with the communities and utility companies in which it operates to enable and ensure electrical grid stability.

Second Quarter 2022 Earnings Release and Conference Call

The Company plans to release second quarter 2022 earnings results and hold its earnings conference call on August 11, 2022. At that time, the Company will provide additional details regarding its financial performance, operations, liquidity and outlook for the full fiscal year 2022.

ABOUT CORE SCIENTIFIC

Core Scientific is one of the largest publicly traded blockchain data center providers and miners of digital assets in North America. Core Scientific has operated blockchain data centers in North America since 2017, using its facilities and intellectual property portfolio for colocated digital asset mining and self-mining. Core Scientific operates data centers in Georgia, Kentucky, North Carolina, North Dakota and Texas, and expects to commence operations in Oklahoma in the second half of 2022. Core Scientific’s proprietary Minder® fleet management software combines the Company’s colocation expertise with data analytics to deliver maximum uptime, alerting, monitoring and management of all miners in the Company’s network. To learn more, visit http://www.corescientific.com .

FORWARD LOOKING STATEMENTS AND EXPLANATORY NOTES

This press release includes “forward-looking statements'' within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, those related to the Company’s ability to scale and grow its business, source clean and renewable energy, the advantages and expected growth of the Company, future estimates of revenue, net income, adjusted EBITDA, total debt, free cash flow, liquidity and future financing availability, future estimates of computing capacity and operating capacity, future demand for colocation capacity, future estimate of hashrate (including mix of self-mining and colocation) and operating gigawatts, future projects in construction or negotiation and future expectations of operation location, orders for miners and critical infrastructure, future estimates of self-mining capacity, the public float of the Company’s shares, future infrastructure additions and their operational capacity, and operating capacity and site features of the Company’s operations and planned operations in Texas and Oklahoma. These statements are provided for illustrative purposes only and are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company’s management. These forward-looking statements are not intended to serve, and must not be relied on by any investor, as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company. These forward-looking statements are subject to a number of risks and uncertainties, including those identified in the Company’s reports filed with the U.S. Securities & Exchange Commission, and if any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Month over month comparisons are based on the combined results of Core Scientific and its acquired entities and are unaudited.

Core Scientific provides this and any future similar unaudited updates to provide shareholders with visibility into the Company’s results and progress toward previously announced capacity and operational projections.

For additional media and information, please follow us

https://www.linkedin.com/company/corescientific/ https://twitter.com/core_scientific Contacts

Investors: Steven Gitlin ir@corescientific.com

Media: press@corescientific.com

Fluence Acquires Sturnis365 for Collaborative Disclosure Management and Narrative Reporting



Deal extends Fluence’s leadership in pure-play financial consolidation, close and reporting

TORONTO--(BUSINESS WIRE)-- #WeCloseEarly -- Fluence Technologies , the only provider of purpose-built financial consolidation, close and reporting software for high-growth businesses, today announced the acquisition of Sturnis365, the leading provider of intelligent, collaborative disclosure management and narrative reporting solutions.

Sturnis365 serves dozens of public, private and pre-IPO customers across Europe including AB InBev, Enel Group, Rothschild & Co., Bouygues Group, Ferragamo and KBC Bank. Like Fluence, Sturnis365 offers a familiar Microsoft Office interface and domain-specific workflow to automate collaborative report production, combining companywide data and narrative text for: Immediate adoption among finance and business professionals compared to reporting available in their ERP system Game-changing efficiency gains in report production compared to standalone Excel spreadsheets, Word and PowerPoint documents Trusted, accurate internal and external reporting for any stakeholder, auditor or regulator

“Sturnis365 is a natural extension of our consolidation, close and reporting solution so CFOs can stay ahead of evolving reporting demands on the office of finance,” said Michael Morrison, CEO of Fluence Technologies. “Further, Sturnis365 strengthens our position in Europe, where more than 70% of their customers and partners are based. We also gain seasoned employees with strong ‘DNA’ in collaborative disclosure management.”

“We are excited about the value Fluence and Sturnis365 presents to our customers and partners,” said Didier Katz, co-founder and director at Sturnis365. “Companies across the globe are looking for a solution that combines financial consolidation, close and disclosure management in a single offering. Now, Fluence is the only player on the market that can meet this need."

Katz and fellow Sturnis365 co-founders Marco Mattei and Piero Ferreri are joining Fluence’s leadership team as part of the acquisition, along with their respective teams in product development, services, sales and marketing.

Fluence and Sturnis365 have already secured joint customers including cryptocurrency trading platform provider WonderFi.

“When we learned about Sturnis365, we were considering a legacy disclosure management solution that would have cost a significant amount and taken months to implement,” said John Rim, CFO at WonderFi. “Between its out-of-the-box functionality, Office integration and the fact that our finance team can manage the entire reporting process, we quickly realized how much more we’d benefit from Sturnis365.”

“Today’s CFOs don’t just need modern consolidation software, but end-to-end group accounting solutions spanning from account reconciliation to disclosure management.” said Carsten Bange, founder and CEO of BARC. “With its acquisition of Sturnis365, Fluence has broadened its offering to meet the changing needs of the constantly evolving finance function.”

"Acquiring Sturnis365 continues building on the vision of a complete financial corporate performance management suite that Michael Morrison and our team had when we originally invested in Fluence,” said Stephen Davis, managing partner at Banneker Partners, Fluence’s principal investor. “We look forward to Fluence continuing to deliver exceptional value to its customers."

The announcement comes just over six months after Fluence acquired self-serve, Excel-centric reporting software vendor XLCubed, and three months after unveiling its purpose-built account reconciliation and transaction matching solution. As a result, Fluence now has the market’s only end-to-end consolidation, close and reporting solution, and over 900 customers worldwide.

For more information on Fluence’s disclosure management and narrative reporting solution, visit: https://www.fluencetech.com/disclosuremanagement/home

About Fluence Technologies - www.fluencetech.com

Fluence is the only pure-play financial consolidation, close and reporting software for high growth businesses. Our customers go live in weeks, close their books in days and report intelligence in real time. We deliver game-changing efficiency gains and trusted, timely numbers to over 900 customers so they get the time, control and confidence they deserve. Fluence is out-of-the-box, no-coding software with a full Excel interface and enterprise-grade capabilities for immediate adoption and quick time to value, all in a truly finance-owned solution. Welcome to Fluence...we close early.

About Sturnis365 - www.sturnis365.com

Sturnis365 provides full end-user collaborative creation, publication and disclosure of corporate information, including for annual and periodical corporate reports, sustainability and ESG reporting, compliance and risk reporting and procurement and tax disclosures. Our unique Inversed Design capability allows for automated data synchronization to reduce document setup and maintenance and optimize overall cost of ownership. Contacts

Michael Corcoran | Fluence Technologies | 416-529-5709 | mcorcoran@fluencetech.com

How to Implement Omni Commerce - the Wave of the Future - Includes Blockchain - ResearchAndMarkets.com





DUBLIN--(BUSINESS WIRE)--The "Omni Commerce Strategy - 2022 Gold Edition" report has been added to ResearchAndMarkets.com's offering.

Business to Business Systems are now Moving towards the New E-Commerce Paradigm - An ERP that Covers both Internal and External Applications

SmartPhones and tablets are changing the way people and businesses browse the Internet, shop, provide service and communicate with suppliers, customers and associates.

CIOs need to have the right foundation. Leadership begins with having a strategy in place that works and then having the right people in place to create and implement them. Factors to consider include Platform consistency. Here's where the rubber meets the road in an omni-channel world. Will the customer/user have the same experience on the web, in the brick and mortar facility and on their mobile devices? Accomplish this by breaking down internal silos and centralizing operations, people and product information. Implement a flexible platform. The technology platform is critical to a successful omni-commerce strategy. Is it scalable? Is it designed to promote a rich, immerse experience? Making the right investment in the right platform can also help support a best-in-class content strategy. Keep emerging platforms in mind. Mobile and social platforms should be part of successful experience-driven omni commerce if executed strategically. Mine available data to see which mobile channels your customers/users use most, and embrace them. In addition, social engagement requires a commitment to authenticity. Brands must be prepared to drive relevant dialog with consumers and users in the social world. Ensure IT and marketing agility. Look for out-of-the-box adaptive components that speed implementation time for new and updated sites. Look for platforms that include reporting, metrics, merchandising and marketing tools that enable enterprises to perform rapid and flexible customization of product pages, shopping cart and checkout options based on target visitor segmentation and evolving merchandising strategies.

Omni Commerce Strategic Planning Toolkit

Whether your organization is a retailer, or a manufacturer or distributor, customers and users want one solution: A consistent, compelling experience that crosses all platforms no matter if they are in a brick and mortar faculty, online, or through social or mobile channels.

The Omni Commerce Strategic Planning Toolkits helps to create an environment in which an enterprise can build an agile customer/user-centric brand solution

The Omni Commerce Strategy Planning Toolkit- Gold Edition is provided in Word and PDF formats. It is IS0, Cobit, Sarbanes Oxley, PCI-DSS, and HIPAA compliant and includes: IT Governance Infrastructure, Strategy, and Charter Template Full set of IT Infrastructure Electronic Forms Full Set of IT Infrastructure Policies eCommerce, Wireless, and Internet Job Description Bundle

For more information about this report visit https://www.researchandmarkets.com/r/dkf2rc Contacts

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

Latin America Online Payment Methods Market Report 2022: Digital Payments Are on the Rise in Latin America, while Cash Declines Post-Pandemic - ResearchAndMarkets.com





DUBLIN--(BUSINESS WIRE)--The "Latin America Online Payment Methods 2022" report has been added to ResearchAndMarkets.com's offering.

Credit and debit cards at the top of B2C E-Commerce payments in Latin America

According to the latest data included in the report, credit cards remain the leading payment method used by online shoppers across Latin America. Domestic and international credit cards together account for more than one-half of online retail payments in the region, driven by their high shares in the three largest B2C E-Commerce markets - Brazil, Mexico and Argentina.

Alternative online payment methods are on the rise

In terms of the growth rate, however, alternative payment means such as digital wallets and bank transfers outpace cards across the region. Online payments by bank transfer, for example, more than doubled between 2020 and 2021. Other leading alternative payment means include digital wallets and cash-based payment services. Although the use of cash declined during the pandemic, cash payments such as Oxxo in Mexico and ServiPag in Chile maintain their position among the top payment methods used by online shoppers.

Mobile payments to see more growth post-pandemic

Latin American countries are yet to catch up with markets such as China and the U.S. in terms of in-store mobile payment usage. One in five smartphone users in Brazil made mobile payments at the point of sale in 2021, and even fewer in Mexico. Over the next few years, however, mobile payment usage in the region is projected to surge with hundreds of millions of consumers adopting mobile wallets and bringing Latin America the third rank worldwide by the number of mobile wallet users by 2025.

Key Topics Covered:

1. Management Summary

2. Global Developments Online & Mobile Payment Trends, May 2022 Payment Value, by E-Commerce Payments and POS Payments, in USD trillion, 2021 & 2026f Share of Cash Payments, in % of Total POS Transaction Value, by Region, 2021 & 2025f Value of Contactless Card Transactions, in USD trillion, 2020 & 2021e Share of Contactless Card Transactions, in % of Overall Contactless Transaction Value, 2021e BNPL B2C E-Commerce Sales, in USD billion, 2021e & 2026f Number of BNPL Users, in millions, 2021e & 2026f BNPL Share of B2C E-Commerce Payments, in %, 2021e & 2026f Value of Digital Wallet Transactions, in USD trillion, 2022f & 2026f Number of B2C E-Commerce Transactions Paid by OEM Mobile Payment Apps, in billions, 2022f & 2026f Number of Mobile Wallet Users, by Region, in millions, 2020 & 2025f Proximity Mobile Payment Users Worldwide, in millions, and Year-on-Year Change, in %, 2020-2025f Proximity Mobile Payment User Penetration, in % of Smartphone Users, 2020-2025f Proximity Mobile Payment User Penetration, in % of Smartphone Users, 2021e Cryptocurrency Payment Value, in USD billion, 2018-2023f

3. Latin America

3.1. Regional

3.2. Brazil Breakdown of Payment Methods in B2C E-Commerce, in % of Sales Volume, 2021 Top Payment Methods Used in Mobile Shopping, in % of Mobile Shoppers, June 2021 Value of Overall Card Payments, in BRL trillion, 2019-2021 Value of Debit and Credit Card Payments, in BRL billion, 2020 & 2021 Card Ownership, by Debit, Credit and Prepaid Cards, in % of Banked Internet Users, 2020 & 2021 Number of Real-Time Payment Transactions, in billions, 2020 & 2025f Mobile Wallet User Penetration, in % of Population, 2020 & 2025f Mobile Wallet Transaction Value, in USD billion, and Volume, in billions, 2020 & 2025f Share of Online Transactions that PIX Users Pay by PIX, in %, 2021 E-Commerce Transactions Paid with PIX, in % of Total E-Commerce Volume, 2024f Top Reasons Not to Use Mobile Payment App, in % of Consumers, June 2021 Share of Respondents Who Suffered from Financial Fraud, in %, 2019 & 2021

3.3. Mexico E-Commerce Payment Volume, by Payment Method, in USD billion, and Year-on-Year E-Commerce Payment Method Growth, in %, 2021e Breakdown of Online Card Payments by Debit and Credit Card, in %, Q1 2021 Number of Real-Time Payment Transactions, in billions, 2020 & 2025f Card Ownership, by Debit, Credit and Prepaid Cards, in % of Banked Internet Users, 2020 & 2021 Payment Methods Used To Pay For Cross-Border Online Purchases, in % of Cross-Border Online Shoppers, February 2021 Payment Methods Used During Hot Sale 2021, in % of Online Shoppers, June 2021 Buy Now Pay Later's Share of B2C E-Commerce Sales, in %, 2021 & 2025f Average Share of Mobile Fraud, in % of Total Fraud Losses Experienced by Retailers, 2019 & 2021e

3.4. Argentina Breakdown of B2C E-Commerce Sales by Payment Methods, in %, 2021 Breakdown of B2C & C2C E-Commerce Sales by Payment Method, in %, 2020 & 2021 Card Ownership, by Debit, Credit and Prepaid Cards, in % of Banked Internet Users, 2020 & 2021 Top Payment Methods Used in the Past Month, in % of Banked Internet Users, 2020 & 2021 Growth of QR Payment Methods, incl. Change in Number of Transactions, Invoices and Operators, in %, November 2021 Compared to September 2021

3.5. Colombia

3.6. Chile

3.7. Peru

For more information about this report visit https://www.researchandmarkets.com/r/i2vki9 Contacts

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

HashBrownSwap Appointed Ian Scarffe as Blockchain and Crypto Advisor



Access DeFi as easy as eating a hashbrown!

TAIPEI, Taiwan--(BUSINESS WIRE)-- $BNB #DEX -- HashBrownSwap (HBS) announced the appointment of Ian Scarffe as Blockchain and Crypto Advisor. During the cold crypto currency winter, hot HBS tokens are scheduled to begin trading on HashBrownSwap on Independence Day, 4 th of July 2022.

HBS is an Open, Cross-Chain DeFi platform with a next generation exchange and an easy-to-use wallet designed for everyone to use. As the newest generation of DeFi wallet, non-crypto users can access HBS’ web-browser wallet within minutes. The wallet security is enhanced with automated control of private keys, activated by a user’s email and Google Authenticator.

Utilizing MASFi public blockchain ’s cross-chain technology, HBS wallets can store BTC, ETH and BNB without doing any network setting. Transfers of BTC, ETH and BNB are completed within 1-3 seconds with $0.10 gas, currently waived during public beta. With credit card, USD and EUR access to be introduced in Q3 2022, HBS provides users a powerful payment system, especially for cross-border payment, using BTC, ETH and USDT.

In addition to cross-chain trading capability, such as BTC/USDT(ERC20) and BNB/USDT(ERC20) trading pairs, HBS aims to build a Complete DeFi ecosystem through co-branding with payment, financial product, deposit & lending, exchange, NFT, game and metaverse companies. HBS’s smart-contract wallet enables automated and transparent fee sharing with these strategic partners.

HBS is integrated with Ave, an on-chain data terminal. Trading information and k-line charts of Altcoins listed on HBS can be seen on Ave’s website, including FARK , the first Altcoin, Free Arc DAO token , listed on HBS on May 17, 2022.

Aaron Tsai , Founder of HBS , MASFi public blockchain and MAS Capital , together with a tech team led by CTO Simon Hsu, a former Microsoft architect, launched HBS for public beta in December 2021, with funding provided by MAS Capital (Cayman Islands). Currently HBS is conducting a simultaneous public sale and private sale of HBS tokens for a combined offering of USDT3 million. The public offering price of HBS is USDT0.018.

About Ian Scarffe

Ian Scarffe is globally recognized as a leading blockchain and crypto advisor. Ian is a serial entrepreneur, investor and consultant with business experience from around the world. Ian is a Top Global Influencer in Blockchain and Fintech Top Ranked Member of Global List – People of Blockchain. As a leading entrepreneur, Ian is on a personal mission to develop a culture of entrepreneurship, helping startups achieve their full potential as well as helping to expand existing companies. A leading expert in Bitcoin, Blockchain and Crypto industries, Ian is at the very heart of revolutionizing the financing industry across the globe and currently consults and advises for a range of multi-million-dollar companies.

http://www.ianscarffe.com https://www.linkedin.com/in/ianscarffe https://icoholder.com/en/ico-advisors

About HashBrownSwap

HashBrownSwap is an Open, Cross-Chain DeFi platform with a next generation exchange designed for everyone. HBS is also a B2B2C platform for co-branding with strategic partners to quickly launch or expand their payment, financial product, deposit & lending, exchange, NFT, game and metaverse service.

Information Links

Website | Telegram | Twitter | Medium | LinkedIn | Facebook Presentation | Litepaper | Road Show Video | User’s Guide Contacts

Contact: Sting Lin Email: contact@hashbrownswap.com Telegram: @stinglin_HBS

Bitwise Announces Results of June 2022 Month-End Crypto Index Reconstitution



Uniswap re-enters the Bitwise 10 Large Cap Crypto Index and Bitwise 10 ex Bitcoin Large Cap Crypto Index; TeraWulf (WULF) enters the Bitwise Crypto Innovators 30 Index; Moonbirds, Doodles, and Azuki enter the Bitwise Blue-Chip NFT Collections Index.

SAN FRANCISCO--(BUSINESS WIRE)--Bitwise Index Services, the indexing subsidiary of Bitwise Asset Management , today announced the results of the monthly reconstitution of the Bitwise Crypto Indexes, which took place on June 30, 2022, at 4 p.m. ET.

There was one change to the constituents of the Bitwise 10 Large Cap Crypto Index as a result of the June 30, 2022 reconstitution: Uniswap (UNI) re-entered the index, replacing Bitcoin Cash (BCH). As of June 30, 2022, at 4 p.m. ET, the Bitwise 10 Large Cap Crypto Index held the following constituents: 67.42% Bitcoin (BTC), 23.14% Ethereum (ETH), 2.81% Cardano (ADA), 2.05% Solana (SOL), 1.43% Polkadot (DOT), 0.86% Avalanche (AVAX), 0.68% Litecoin (LTC), 0.67% Polygon (MATIC), 0.53% Chainlink (LINK), and 0.41% Uniswap (UNI).

There were no changes to the constituents of the Bitwise Decentralized Finance Crypto Index as a result of the June 30, 2022 reconstitution. As of June 30, 2022, at 4 p.m. ET, the Bitwise Decentralized Finance Crypto Index held the following constituents: 39.36% Uniswap (UNI), 14.02% Maker (MKR), 13.64% Aave (AAVE), 8.32% Loopring (LRC), 6.34% Curve DAO Token (CRV), 5.76% Compound (COMP), 5.02% 0x (ZRX), 3.42% Yearn Finance (YFI), 2.19% SushiSwap (SUSHI), and 1.94% Bancor (BNT).

There was one change to the constituents of the Bitwise 10 ex Bitcoin Large Cap Crypto Index as a result of the June 30, 2022 reconstitution: Uniswap (UNI) re-entered the index, replacing Bitcoin Cash (BCH). As of June 30, 2022, at 4 p.m. ET, the Bitwise 10 ex Bitcoin Large Cap Crypto Index held the following constituents: 71.02% Ethereum (ETH), 8.63% Cardano (ADA), 6.29% Solana (SOL), 4.40% Polkadot (DOT), 2.63% Avalanche (AVAX), 2.08% Litecoin (LTC), 2.05% Polygon (MATIC), 1.62% Chainlink (LINK), and 1.26% Uniswap (UNI).

The Bitwise Crypto Indexes are reconstituted on a monthly basis according to the rules of the Bitwise Crypto Index Methodology as applied by the Bitwise Crypto Index Committee. Minutes of the June 2022 Bitwise Crypto Index Committee meeting are publicly available here .

The Bitwise Crypto Innovators 30 Index of equities reconstitutes quarterly and had one change as a result of the June 17, 2022 reconstitution: TeraWulf Inc. (WULF) entered the index, replacing Mawson Infrastructure Group (MIGI). As of June 30, 2022 at 4 p.m. ET, the following were the 10 largest constituents of the Bitwise Crypto Innovators 30 Index: 10.42% Microstrategy (MSTR), 10.16% Coinbase Global Inc (COIN), 10.02% Silvergate Capital (SI), 5.69% Canaan Inc. (CAN), 4.83% Bakkt Holdings, Inc. (BKKT), 4.76% Bit Digital, Inc. (BTBT), 4.38% Riot Blockchain (RIOT), 4.32% Galaxy Digital Holdings (GLXY CN), 3.94% Marathon Digital Holdings (MARA), and 3.91% Northern Data AG (NB2 GR). The index methodology for the Bitwise Crypto Innovators 30 Index of equities is available here .

The Bitwise Blue-Chip NFT Collections Index reconstitutes quarterly and had three changes as a result of the June 30, 2022 reconstitution: MoonBirds, Doodles, and Azuki entered the index, replacing Cyberkongz Genesis, Cool Cats, and Autoglyphs. As of June 30, 2022, at 4 p.m. ET, the Bitwise Blue-Chip NFT Collections Index held the following constituents: 32.67% Bored Ape Yacht Club, 23.81% CryptoPunks, 11.91% Mutant Ape Yacht Club, 7.60% CloneX, 6.32% Moonbirds, 4.61% Doodles, 3.83% Azuki, 3.28% Chromie Squiggle, 3.00% VeeFriends, and 2.96% Meebits. The index methodology for the Bitwise Blue-Chip NFT Collections Index is available here .

About Bitwise Asset Management

Based in San Francisco, Bitwise is one of the largest and fastest-growing crypto asset managers. As of year-end 2021, Bitwise managed over $1.3 billion across an expanding suite of investment solutions. The firm is known for managing the world’s largest crypto index fund (OTCQX: BITW) and pioneering products spanning Bitcoin, Ethereum, DeFi and crypto-focused equity indexes. Bitwise focuses on partnering with financial advisors and investment professionals to provide quality education and research. The team at Bitwise combines expertise in technology with decades of experience in traditional asset management and indexing, coming from firms including BlackRock, Blackstone, Facebook and Google, as well as the U.S. Attorney’s Office. Bitwise is backed by leading institutional investors and asset management executives, and has been profiled in Institutional Investor, CNBC, Barron’s, Bloomberg and The Wall Street Journal.

RISK DISCLOSURE AND IMPORTANT INFORMATION

Carefully consider the investment objectives, risk factors, and charges and expenses of any Bitwise investment product before investing. Investing involves risk, including the possible loss of principal. There is no guarantee or assurance that the methodology used by Bitwise or any of the Bitwise investment products will result in any Bitwise investment product achieving positive investment returns or outperforming other investment products. There is no guarantee or assurance that an investor’s investment objectives will be met through an investment into any Bitwise investment product, and an investor may lose money. Investors into any Bitwise investment product should be willing to accept a high degree of volatility in the price of such investment product and the possibility of significant losses. Bitwise investment products involve a substantial degree of risk. Certain Bitwise investment products may be available only to institutional and individual accredited investors.

Certain of the Bitwise investment products may be subject to the risks associated with investing in crypto assets, including cryptocurrencies and crypto tokens. Because crypto assets are a new technological innovation with a limited history, they are a highly speculative asset. Future regulatory actions or policies may limit the ability to sell, exchange or use a crypto asset. The price of a crypto asset may be impacted by the transactions of a small number of holders of such crypto asset. Crypto assets may decline in popularity, acceptance or use, which may impact their price. The technology relating to crypto assets and blockchain is new and developing. Currently, there are a limited number of publicly listed or quoted companies for which crypto assets and blockchain technology represent an attributable and significant revenue stream.

NFTs are an extremely new artistic and cultural phenomenon, and interest in such artwork could wane. If the demand for NFT artwork diminishes, the prices of NFT items could be negatively affected. The market for NFTs can be subject to shallow trade volume, extreme hoarding, low liquidity and high bankruptcy risk. NFTs are also subject to risks and challenges associated with intellectual property rights and fraud.

The opinions expressed herein are intended to provide insight or education and are not intended as individual investment advice. Bitwise does not represent that this information is accurate and complete and it should not be relied upon as such.

This material represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any security in particular. Past performance is no guarantee of future results.

Diversification may not protect against market risk. Diversification does not ensure a profit or protect against a loss in a declining market.

Bitwise may attempt to have shares of its investment products quoted on a secondary market. However, there is no guarantee this will be successful. Although the shares of certain Bitwise investment products have been approved for trading on a secondary market, investors in any other Bitwise investment product should not assume that the shares will ever obtain such an approval due to a variety of factors, including questions that regulators such as the SEC, FINRA or other regulatory bodies may have regarding the investment product. Shareholders of such investment products should be prepared to bear the risk of investment in the shares indefinitely.

This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. The offer and sale of these investment products have not been registered with or approved or disapproved of by the Securities and Exchange Commission or the securities commission or regulatory authority of any state or foreign jurisdiction. Contacts

Frank Taylor/Ryan Dicovitsky Dukas Linden Public Relations Bitwise@DLPR.com

Ally Announces Adoption of Polygon to Lower Gas Fees





PASADENA, Calif.--(BUSINESS WIRE)--Ally, Inc. (“Ally,” or, “Company”), a software-as-a-service leader in addressing business transaction pain-points, is pleased to announce the launch of its cross-blockchain bridge, Verge ( https://vergebridge.com ). Verge, powered by Ally, bridges the Direct Token (DRCT) to Polygon to significantly lower Ethereum blockchain network gas fees for users.

Blockchain acts as a distributed database in which information is stored across digital systems. This information utilizes blocks strung together to store data in a chronological, irreversible manner. Best known for its crucial role in cryptocurrency, blockchain is essentially a ledger for digital transactions.

One blockchain development platform with high popularity is the Ethereum network. Due to the high level of adoption, Ally taps into the power of the Ethereum network for its blockchain transactions. Historically, however, fees on the Ethereum blockchain network have been high. Referred to as gas, these fees are required to conduct a transaction on the Ethereum blockchain network. As such, users are asking for an affordable chain option with lower gas fees.

This is where the adoption of Polygon’s side-chain solution provides an integral benefit. Polygon provides scalable solutions on Ethereum, supporting a multi-chain Ethereum ecosystem. This solution allows for integration with Chainlink to support cross-blockchain data.

One of the first blockchains Ally is adding to their universal cross-blockchain solutions, Verge will contribute to an agnostic blockchain future. Blockchain is technology, and as the technology evolves, platforms and businesses need to be where their users are. This integration will help ensure businesses can meet the transactional needs of the future.

To learn more about Ally’s universal cross-blockchain solutions, visit https://allynow.com/ . For more information about Polygon’s multi-chain system, visit https://polygon.technology .

About Ally

Ally is a software-as-a-service platform dedicated to solving common problems surrounding today’s business transactions. Today, Ally boasts a delivery network of more than 110,000 drivers and has helped 1,000+ brands improve revenue and maximize profits. In 2020, Ally’s platform successfully executed and delivered more than 24 million orders across the country. Learn more about Ally’s full suite of business tools at https://www.allynow.com .

About Polygon

Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem. Learn more about Polygon’s multi-chain system at https://polygon.technology . Contacts

Investor Relations and Media Contact: Jeffrey Wahl hello@allynow.com

X-PITCH 2022 is Open for Applications





MRT & metaverse pitch, US$1M investment prizes and more

KAOHSIUNG, Taiwan--(BUSINESS WIRE)--In the X Games for Startups, contestants go through a series of high-intensity pitch challenges (15-second, 60-second and 3-minute pitch) to win awards and investments. In the past, the events were held in skyscraper elevators and self-driving vehicles. 3,680 startups from 42 countries and over 28,000 ecosystem stakeholders participated in X-PITCH 2021, which has become one of the largest startup contests in Asia. This year’s competition will take place on MRT trains and Metaverse.

“We try to do something new and exciting every year, bringing an unprecedented experience to all participants. In addition to the prizes, awards and exposure, founders also benefit from activities like pitch training, fundraising workshops, market access webinars, investor matching, and more. Last year, 70% of TOP150 startups said X-PITCH added value to their fundraising campaign and business development, this is the most important purpose of this event,” said K. Yu, Founder of Taiwan Accelerator (TA), the Organizer of X-PITCH 2022.

X-PITCH 2022 is supervised by National Development Council and Overseas Community Affairs Council; and co-organized by Kaohsiung City Government, Startup Island Taiwan, Agorize, Block71 Singapore, BSSC, DOST-PCIEERD, HKSTP, JETRO and MDEC. The domestic semi-final venue is sponsored by Kaohsiung Rapid Transit Corporation. The event is also supported by global partners including e27, E-Mobility Global Demo Day, Equidam, SLINGSHOT 2022, and Technode Global.

The TECH FOR GOOD theme of X-PITCH 2022 highlights the challenges in the post-pandemic world and innovations that will make meaningful social impacts for the public good. Participating teams should focus on applications and services that accelerate digital transformation around five major categories, backed by Web3, AI, 5G, edge computing and next-gen technologies. Ten awards will be presented at the Grand Finale on November 10, top 3 teams will win up to US$1 million investments in total.

X-PITCH is exclusively for early-stage tech startups, the event has discovered and accelerated many tomorrow's stars. Past contestants successfully raised millions of dollars through the event and connected with investors, corporates, government agencies, incubators, accelerators, professional firms, and media for collaboration. Application deadline of X-PITCH 2022 is on August 31, founders from Asia and worldwide are welcome to sign up: www.xpitch.io

Important Notice: Due to the uncertainty of COVID-19, all pitch competitions for international teams will be conducted online. Contacts

Media: Eric Hu media@accelerator.tw

Jacobi Asset Management Announces It Will Launch Europe’s First Bitcoin ETF on Euronext Amsterdam



First exchange-traded equity instrument for institutional investors to access Bitcoin in Europe Largest exchange to list a Bitcoin spot ETF globally First primary listing of a Crypto fund in the Netherlands

LONDON--(BUSINESS WIRE)-- #BTC --In a first for Europe, Jacobi Asset Management (Jacobi) announces the launch of the Jacobi Bitcoin ETF (the “ETF”) (BCOIN, ISIN: GG00BMTPK874) which will be listing on Euronext Amsterdam, part of Euronext, the leading pan-European marketplace from July.

The Jacobi Bitcoin ETF, which received regulatory approval from the Guernsey Financial Services Commission (GFSC) in October 2021, will begin trading in July on the Euronext Amsterdam Exchange under the ticker BCOIN. Custodial services will be provided by Fidelity Digital Assets SM with Flow Traders and DRW facilitating trading as market makers.

CEO Jamie Khurshid said: “The Jacobi Bitcoin ETF will enable investors to access the underlying performance of this exciting asset class via a well-established and trusted investment structure. Our goal at Jacobi is to make digital asset investments simpler and more familiar for institutional and professional investors. We are delighted to be working with all our premier partners including Fidelity Digital Assets and Flow Traders who have supported us from inception and are an integral part of this European first as we list on Euronext Amsterdam”.

He added: “This is a significant step forward for Jacobi Asset Management. We have an ambitious vision and look forward to bringing an innovative product pipeline to the market very soon.”

“We are excited to be acting as lead market maker for Europe’s first Bitcoin ETF, which is another milestone in the development of the institutional digital assets space. This is also aligned with the growing demand from institutional investors who are looking to diversify their portfolios by adding Bitcoin and other digital assets. Flow Traders has been a longstanding supporter of enabling exposure in digital assets and we are delighted to be working with Jacobi Asset Management on this launch.” commented Edd Carlton, Institutional Digital Asset Trader at Flow Traders.

Legal support through the regulatory and listing process was facilitated by independent Dutch law firm Kennedy Van der Laan.

Emanuel van Praag, Attorney from Kennedy Van der Laan commented: “The first listed crypto ETF in the EU is indeed a proud achievement and we are happy that we were able to assist Jacobi Asset Management to achieve this goal.”

Jacobi Asset Management will provide European institutional and professional investors with access to the Jacobi Bitcoin ETF via a simple investment vehicle for a 1.5% annual management fee.

For further information, visit Jacobiam.com - Ends -

About Jacobi Asset Management

Launched in May 2021 to shape the future of digital asset management, Jacobi is spearheaded by CEO Jamie Khurshid, a former Goldman Sachs investment banker and pioneer of regulatory transparency in financial markets. Jacobi brings together a diverse team of blockchain, technology, investment and regulatory experts, deep-rooted in capital markets with a compelling pedigree in distributed ledger technology and digital asset management.

Important Disclosure and Disclaimer Information

Jacobi Asset Management offers its services to institutional, professional and sophisticated clients only. Any investment comes with risks and the value of an investment can decrease as well as increase. Contacts

Geneva Loader Jacobi Asset Management Tel: +44 (0)3330 165 232 Email: Geneva@jacobiam.com Media enquiries: The Realization Group on behalf of Jacobi Asset Management Helen Disney helen.disney@therealizationgroup.com M: +44 7792 376546

CoreVest Completes $313 Million Single-Family Rental Securitization





NEW YORK--(BUSINESS WIRE)-- #CoreVest --CoreVest American Finance Lender LLC (“CoreVest”), a leading lender to residential real estate investors nationwide and a division of Redwood Trust, Inc., today announced that it has closed a $313 million securitization (“CAFL 2022-1”) backed by its single-family rental (“SFR”) loans. The transaction represents CoreVest’s second securitization in 2022, 19 th SFR securitization and 21 st overall securitization.

Liquid Mortgage, Inc. (“Liquid Mortgage”) will serve as distributed ledger agent for this securitization, utilizing blockchain technology to report loan level payment activity daily that ultimately makes loan data reporting and delivery faster and more efficient. The Liquid Mortgage technology allows near-real time visibility into payments and repayments on loans for investors and other end users. CAFL 2022-1 is the first SFR transaction to include this technology. This will also be CoreVest’s first securitization to include data aligned with the Sustainability Accounting Standards Board (“SASB”) environmental, social and governance (“ESG”) guidance framework.

“The strength of our securitization platform continues to be an important point of differentiation for CoreVest, supporting our growth and capital flexibility, as we offer a compelling product with quality underwriting standards,” said Christopher Hoeffel, President of CoreVest. “Innovation has always been fundamental to our long-term strategy, and we are excited to issue a securitization that both leverages blockchain technology as well as includes enhanced data aligned with SASB standards. We believe that this additional information will benefit investors in our securitizations.”

The offering included ten classes of principal and interest certificates: Class A through Class H are sequential pay certificates and Class X-A and X-B are interest-only certificates. The Class A and Class X-A certificates are rated by Fitch and the Class A through Class G certificates and the Class X-A certificates are rated by KBRA. CoreVest will retain the Class F, G, H, X-A and X-B certificates.

The offering is backed by 82 loans collateralized by approximately 1,800 properties located in 24 states and the District of Columbia. The collateral is comprised of approximately 70% SFR properties (including condo, townhome and 2-4 unit residences), 22% multifamily properties and 8% mixed-use properties. Similar to previous CoreVest securitizations, this transaction is comprised of a majority of repeat sponsors. Morgan Stanley acted as lead bookrunner and structuring agent with Goldman Sachs and Wells Fargo acting as joint bookrunners.

About CoreVest

CoreVest , a division of Redwood Trust, Inc. ("Redwood"), is the leading lender to residential real estate investors nationwide. It offers long-term loans for portfolios of rental properties as well as short-term bridge loans, investment credit lines and build for rent programs. With more than $15 billion in loans closed and approximately 125,000 units financed, CoreVest offers attractive rates, rapid timelines and closing certainty. The company works directly with borrowers and brokers. For more information, visit corevestfinance.com .

About Redwood Trust

Redwood Trust, Inc. (NYSE: RWT) is a specialty finance company focused on several distinct areas of housing credit. Our operating platforms occupy a unique position in the housing finance value chain, providing liquidity to growing segments of the U.S. housing market not well served by government programs. We deliver customized housing credit investments to a diverse mix of investors, through our best-in-class securitization platforms; whole-loan distribution activities; and our publicly traded shares. Our aggregation, origination and investment activities have evolved to incorporate a diverse mix of residential, business purpose and multifamily assets. Our goal is to provide attractive returns to shareholders through a stable and growing stream of earnings and dividends, capital appreciation, and a commitment to technological innovation that facilitates risk-minded scale. We operate our business in three segments: Residential Mortgage Banking, Business Purpose Mortgage Banking and Investment Portfolio. Additionally, through RWT Horizons™, our venture investing initiative, we invest in early-stage companies strategically aligned with our business across the lending, real estate, and financial technology sectors to drive innovations across our residential and business-purpose lending platforms. Since going public in 1994, we have managed our business through several cycles, built a track record of innovation, and established a best-in-class reputation for service and a common-sense approach to credit investing. Redwood Trust is internally managed and structured as a real estate investment trust ("REIT") for tax purposes. For more information about Redwood, please visit our website at www.redwoodtrust.com or connect with us on LinkedIn, Twitter, or Facebook. Contacts

Media Contact Tuan Pham 1-949-344-7884 tuan.pham@cvest.com

Is Ethereum Ready for Business? EEA Inaugural Report Investigates



EEA Ethereum Business Readiness Report 2022 Assesses Ethereum’s Business Potential Based on In-Depth Analysis from Case Studies, Interviews, and Ecosystem Research

WAKEFIELD, Mass.--(BUSINESS WIRE)--The Enterprise Ethereum Alliance (EEA) today announced the publication of its Ethereum Business Readiness Report 2022 , available as a free, downloadable document. The report represents one of the first attempts to systematically assess the capabilities and potential of Ethereum as a business platform. Through case studies, interviews, and original Ethereum ecosystem research, the report sheds light on the use of Ethereum and Web3 technologies to solve real-world business problems. In the report, the EEA also proposes a framework for businesses to use to understand and assess their options when building on Ethereum. Learn more about the report by visiting https://entethalliance.org/eea-ethereum-business-readiness-report-2022/ . Download the report free of charge at https://bit.ly/EthBizReadiness Hear from EEA Executive Director Dan Burnett on the report’s findings and Ethereum’s business potential at https://youtu.be/O2Q1J9QPqpI Join Ethereum business and technology leaders at the EEA’s free July 28 Ethereum 7th Anniversary Special event at https://bit.ly/EEAEth7

“The EEA Ethereum Business Readiness report makes the exciting Ethereum activity happening behind the scenes in the corporate world more accessible and approachable. In the current moment of turmoil in crypto markets, this report is a reminder that Ethereum is much more than speculative assets or fintech. It is a robust platform for solving some of today’s most pressing business problems by employing decentralized models, whether it’s using NFT technology to streamline a global data center supply chain, smart contracts to efficiently offer parametric crop insurance to smallholder farmers, or using the public blockchain to combat fake news,” said EEA Executive Director Dan Burnett. “I would like to thank all the EEA members, experts and practitioners who helped make this report possible.”

The report has two main goals: to help the broader business community understand the potential and capabilities of public Ethereum and the Ethereum ecosystem by shedding light on current real-world deployments of Ethereum and Web3 technologies to solve business problems; and, through a comprehensive framework, to provide businesses with a conceptual model and toolset by which they can understand and assess their options when doing so. By applying the framework to four key use cases, business professionals can understand the relative business merits and risks of each case study’s approach.

“Is Ethereum ready for business? We believe the answer is yes, though with some caveats,” continued Burnett. “As the EEA’s analysis and examples show, the pieces are now in place in the Ethereum ecosystem for the safe and productive use of this technology as a business platform. By providing insights without jargon, and simple explanations based on real-world examples, we have tried to make this as clear as possible to both those familiar with blockchain and those new to this space.”

Enabling Business Decision-Makers to Assess Ethereum’s Potential

To offer business decision-makers a comprehensive evaluation of Ethereum’s business readiness, the report is broken up into four main sections with two companion appendices that feature nine representative case studies and six interviews. Report components include: Executive Summary Introduction by Daniel Burnett, EEA Executive Director Section 1: The Evolution of Ethereum as a Business Platform Section 2: Business Ethereum 2022 – Observations and Trends Section 3: Assessing the Business Readiness of the Ethereum Ecosystem Section 4: Conclusion – Is Ethereum Ready for Business? Appendix 1: Stories – Nine Representative Case Studies Appendix 2: Voices – Six Representative Interviews: Leaders from BP, Cartesi, Equideum, EY, Kaleido, and SAP

Report Design and Methodology

Based primarily on qualitative research in the form of case studies and interviews, the report also incorporates quantitative research from the EEA’s database of over 100 projects. The report includes two long appendices containing representative case studies and interviews to help business professionals understand the analysis within the context of firsthand accounts. Business professionals can submit a case study suggestion for the EEA library.

Companion Primer Program Offers Introductions to Ethereum Concepts

This report, coupled with the recent launch of EEA’s Primer Program , makes the exciting Ethereum activity happening in the corporate world more accessible and approachable to a wider range of business leaders. The EEA primers, such as Welcome to Ethereum , Introduction to Layer 2 , and Introduction to DAOs , offer overviews of many of the different concepts and facets of Ethereum, and blockchain as a whole, to help more professionals get started on the platform. New primers will be added to the series regularly and business professionals can email the EEA at primers@entethalliance.org to suggest a primer topic.

About the EEA

The Enterprise Ethereum Alliance (EEA) enables organizations to adopt and use Ethereum technology in their daily business operations. The EEA empowers the Ethereum ecosystem to develop new business opportunities, drive industry adoption, and learn and collaborate. The EEA Community Projects provides a hub for open source development of code, APIs, standards, and reference implementations. To learn more about joining the EEA, reach out to membership@entethalliance.org or visit https://entethalliance.org/become-a-member/ .

Follow the EEA on Facebook , Twitter , LinkedIn , and YouTube .

Here’s what some of the EEA Board members have to say about the EEA Business Readiness Report 2022:

Accenture

“Over the past seven years, Ethereum has achieved a privileged position for enterprise applications. The EEA Ethereum Business Readiness Report will help the entire business community understand how Ethereum can benefit businesses of all sizes. We are very pleased to be part of this important initiative and look forward to joining the Ethereum Anniversary Event and learning from other business leaders,” said EEA board member David Treat, Senior Managing Director, Global Metaverse Continuum Business Group & Blockchain lead, Accenture.

BlockApps

“Ethereum technology is the key to developing innovative Web3 solutions for our customers, and the EEA Business Readiness Report is a perfect example of how enterprises can be at the forefront of these developments. At the Ethereum 7th Anniversary Special, discussions will focus on how the Ethereum blockchain technology stack holds great promise for businesses,” said EEA Board member Victor Wong, Founder and Chief Product Officer of BlockApps.

ConsenSys

“Ethereum has grown increasingly important for businesses building infrastructure to securely transact and transfer value using blockchain. The EEA Business Readiness Report shares how businesses are unlocking the benefits of Ethereum’s technology to scale faster and create new levels of trust. The Ethereum 7th Anniversary Special will further reveal how to tap Ethereum’s and Web3’s potential,” said Joseph Lubin, Founder of ConsenSys, Co-Founder of Ethereum, and EEA Board Director.

J.P. Morgan

“The EEA Ethereum Business Readiness Report sheds light on why Ethereum is a widely used business technology and why company leaders are using Ethereum technology in their daily Web3 business operations. The Ethereum 7th Anniversary Special event will further examine how real-world experiences are building industrial solutions using blockchain technologies and decentralized approaches,” said EEA Board member Tyrone Lobban, J.P. Morgan Head of Blockchain Launch and Onyx Digital Assets, Onyx by J.P. Morgan.

Microsoft

“The rapid acceleration of business adoption driven by Ethereum is unlocking long-needed digital transformations and innovation. The EEA Ethereum Business Readiness Report reveals how Ethereum and the public Mainnet are proving to be a new tool for business solution development. The Ethereum 7th Anniversary Special event will help drive the discussion forward,” said EEA Board member Yorke Rhodes III, Cofounder, Blockchain @Microsoft and Director, Digital Transformation, Blockchain.

Palm NFT Studio

“Ethereum is helping businesses revolutionize how the world thinks about finance, culture, media ownership and the relationship between creators and fans. The EEA Business Readiness Report advances our collective understanding of how businesses create Web3 applications and ecosystems. I look forward to hearing from business leaders at the Ethereum 7th Anniversary Special event to discuss Ethereum’s transformative business potential across industries,” said EEA Board member Palm NFT Studio CEO Dan Heyman. Contacts

For more information: Jessie Hennion EEA Public Relations jhennion@virtualinc.com 1.781.876.6280

Alexa Stewart EEA Public Relations 1.781.876.6242 astewart@virtualinc.com

New Citi GPS Report Looks at Opportunities to Drive Efficiency in the Housing Market



The housing market has missed the technology wave of the past few decades. But tight supply/demand and affordability concerns following the pandemic are leading to increasing PropTech solutions that drive efficiency throughout the real estate transaction.

NEW YORK--(BUSINESS WIRE)--Citi today released a new Citi Global Perspectives & Solutions (Citi GPS) report in its Home of the Future series that takes another look at the housing market. Home of the Future: PropTech - Towards a Frictionless Housing Market? covers the emergence of PropTech, or fintech for real estate, in the U.S. housing market.

Home listings went online back in the mid-2000s with the launch of Zillow and that information was opened up to the broader public versus being walled off through protected subscriptions for realtors only. However, other parts of buying a house, such as getting a mortgage or title insurance – is ripe for disruption still.

“The process of buying a house is pretty painful with the large amount of paperwork. And while some frictions in the buying process are healthy, there is a big opportunity to streamline things,” noted Roger Ashworth, Head of U.S. Non-Agency MBS Strategy. “That’s where PropTech comes in – to look for those efficiencies in the market.”

Tech advancements in housing finance operations (e.g., mortgage origination, title insurance) are opening up ways to reduce paperwork and drive efficiency. Meanwhile, blockchain technologies could introduce further innovation, such as through smart contracts and the tokenization of real estate assets.

Other important notes the report covers on the move towards a frictionless housing market are: Innovation is happening in terms of business models as well, with the rise of home equity investment contracts, iBuyers (a company that uses technology to make an offer on your home instantly) and institutional single-family rentals (SFRs). Home equity investment contracts could deliver double-digit returns for co-investors of a property, while at the same time helping consumers tap some of the record-high equity in the housing market. iBuyers purchase homes for resale and offer a variety of services to home sellers from offer pricing to renovating. Institutional single-family rentals (SFRs) make up three percent of the SFR market and are poised for growth.

The report serves as a resource for others based on how Citi sees opportunities for advancement in the housing market with the support of tech advancements and investments.

About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi . Contacts

Media: Susannah Gullette – Citi Research susannah.gullette@citi.com

ACI Worldwide Wins Omni-Channel Solution of the Year and Alternative Payments Solution Honors at 2022 Retail Systems Awards





MIAMI & LONDON--(BUSINESS WIRE)-- #payments -- ACI Worldwide (NASDAQ: ACIW), the global leader in mission-critical, real-time payments software , picked up top honors in two categories at the recent Retail Systems Awards held in London. The annual awards celebrate excellence in the retail sector, with a strong focus on retail technology innovation.

ACI Omni-Commerce was selected as the standout solution in the Omni-Channel Solution of the Year category, chosen for the innovation, flexibility and control that the solution provides through ACI Smart Engage, payment analytics, QR code payments and cryptocurrency acceptance, both in-store and online. The solution, which helps merchants to optimize and orchestrate payments, was also a finalist for the Point-of-Sale Technology of the Year award.

Recognizing the increasingly pivotal role that alternative payments play in the retail sector, ACI PayAfter , which is part of both ACI Secure eCommerce and ACI Omni-Commerce, was chosen as the standout entry in the Alternative Payments Solution category. ACI PayAfter is an innovative global BNPL (buy now, pay later) solution that enables merchants to provide customers with a choice of more than 70 BNPL payment options through a single customer application, and a single integration.

“We are honored to be recognized by the Retail Systems Awards and it is a testament to the ongoing innovation in our portfolio of merchant solutions,” said Debbie Guerra, Head of Merchant, ACI Worldwide. “Omni-channel empowerment is the key to delivering convenience, choice and hyper-relevant experiences that meet the demands of consumers. Our solution achieves this by unifying data, orchestrating and optimizing payments — supplemented by real-time payment analytics and monitoring capabilities.”

“The rapid growth of BNPL and proliferation of alternative payment methods presents a further challenge for retailers, but with ACI PayAfter we’ve been able to reduce the complexity of offering financing options to customers, while reducing cart abandonment,” concluded Guerra.

About ACI Worldwide

ACI Worldwide is the global leader in mission-critical, real-time payments software . Our proven, secure and scalable software solutions enable leading corporations, fintechs, financial disruptors and merchants to process and manage digital payments , power omni-commerce payments , present and process bill payments , and manage fraud and risk . We combine our global footprint with a local presence to drive the real-time digital transformation of payments and commerce.

© Copyright ACI Worldwide, Inc. 2022

ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and all ACI product/solution names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries or both. Other parties’ trademarks referenced are the property of their respective owners. Contacts

Media Christopher Taine christopher.taine@aciworldwide.com

Mogo Announces Results of Its Annual Meeting of Shareholders





VANCOUVER, British Columbia--(BUSINESS WIRE)--The annual general meeting of shareholders (the "Meeting") of Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ("Mogo" or the "Company"), a digital payments and financial technology company, was held today via live audiocast online and the Company is pleased to announce that all resolutions put forward, being the election of directors, the appointment of the auditors of the Company, and the renewal of the Company’s stock option plan and all unallocated options thereunder, were approved. Each of the matters voted upon at the Meeting is discussed in detail in the Company’s management information circular dated May 24, 2022 (the “Circular”), which can be found under the Company’s profile on SEDAR ( www.sedar.com ).

The total number of votes cast by shareholders by proxy or online at the Meeting was 29,013,586 votes, representing 37.8% of the Company's outstanding shares as at May 24, 2022. The voting results are detailed below.

Election of Directors

The nominees listed in the Circular were elected as directors of Mogo. Detailed results of the vote are as follows: Name of Nominee Votes For % Votes For Votes Withheld % Votes Withheld David Feller 19,396,211 84.72 3,498,852 15.28 Gregory Feller 19,351,446 84.52 3,543,617 15.48 Michael Wekerle 17,884,811 78.12 5,010,253 21.88 Christopher Payne 21,060,494 91.99 1,834,570 8.01 Liam Cheung 19,255,058 84.10 3,640,005 15.90 Wendy Rudd 21,006,278 91.75 1,888,785 8.25

Appointment of Auditor

KPMG LLP was re-appointed as auditor of the Company until the next annual general meeting of shareholders of the Company at remuneration to be fixed by the Company's board of directors. Detailed results of the vote are as follows: Votes For % Votes For Votes Withheld % Votes Withheld 28,943,621 99.77 66,343 0.23

Approval of Unallocated Options

The Company’s Stock Option Plan and all unallocated options under the Company’s Stock Option Plan were renewed. Detailed results of the vote are as follows: Votes For % Votes For Votes Against % Votes Against 17,472,977 76.32 5,422,086 23.68

The Company has filed a report of voting results on all resolutions voted upon at the Meeting under its profile on SEDAR at www.sedar.com .

About Mogo

Mogo Inc., one of Canada’s leading financial technology companies, is empowering its 1.9 million members with simple digital solutions to help them get in control of their financial health while also making a positive impact with their money. Through the free Mogo app, consumers can access a digital spending account with Mogo Visa* Platinum Prepaid Card featuring automatic carbon offsetting, easily buy and sell bitcoin, get free monthly credit score monitoring and ID fraud protection and access personal loans and mortgages. Mogo’s new MogoTrade app offers commission-free stock trading that helps users make a positive impact with every investment and together with Moka, Mogo’s wholly-owned subsidiary bringing automated, fully-managed flat-fee investing to Canadians, forms the heart of Mogo’s digital wealth platform. Mogo’s wholly-owned subsidiary, Carta Worldwide, also offers a digital payments platform that powers the next-generation card programs from innovative fintech companies in Europe, North America and APAC. To learn more, please visit mogo.ca or download the mobile app ( iOS or Android ). Contacts

Craig Armitage Investor Relations investors@mogo.ca (416) 347-8954

US Investor Relations Contact Lytham Partners, LLC Ben Shamsian New York | Phoenix 646-829-9701 shamsian@lythampartners.com

Ether Capital Announces Annual Meeting Voting Results





TORONTO--(BUSINESS WIRE)-- $ETHC --Ether Capital Corporation (“Ether Capital”, “ETHC” or the “Corporation”) (NEO: ETHC) announced today that, at yesterday’s annual and special meeting of shareholders (the “Meeting”), the holders of common shares of the Corporation fixed the number of directors to be elected for the ensuing year at seven and authorized and empowered the directors to determine the number of directors of the Corporation from time to time within the minimum and maximum number of directors as provided in the articles of the Corporation and the number of directors to be elected at the annual meeting of the shareholders of the Corporation. The percentage of votes cast “for” or “ against” from the vote are set forth below. FOR AGAINST 5,266,326 99.822% 9,392 0.178%  

The Corporation also announced that each of the seven director nominees proposed in the Corporation’s management information circular dated May 26, 2022, (the “Circular”) was elected at the Meeting to serve until the next annual meeting of shareholders of the Corporation or until their successors are duly elected or appointed, unless such office is earlier vacated in accordance with the Corporation’s by-laws. The percentage of votes cast “for” or “withheld” from the vote are set forth below opposite the name of each elected director based on proxies received. DIRECTOR FOR WITHHELD   Brian Mosoff 5,273,571 99.959% 2,147 0.041% Som Seif 5,273,621 99.960% 2,097 0.040% John Ruffolo 5,266,588 99.827% 9,130 0.173% Boris Wertz 5,273,621 99.960% 2,097 0.040% Liam Horne 5,273,621 99.960% 2,097 0.040% Colleen McMorrow 5,261,581 99.732% 14,137 0.268% Camillo di Prata 5,261,623 99.733% 14,095 0.267%  

The Corporation also announced that Ernst & Young LLP was appointed as independent auditors of the Corporation and the directors of the Corporation were authorized to fix their remuneration. The percentage of votes cast “for” or “withheld” from the vote are set forth below. FOR WITHHELD 7,117,138 99.994% 450 0.006%  

The results of these matters considered at the Meeting are reported in the Report of Voting Results as filed on SEDAR ( www.sedar.com ) on June 28, 2022.

About Ether Capital Corporation

Ether Capital (NEO: ETHC) is a leading public technology company with a long-term objective to become the central business and investment hub for the Ethereum ecosystem. The company has invested the majority of its balance sheet in Ethereum’s native utility token “Ether” as a core strategic asset and yield-generating instrument. The company is focused on building institutional-grade financial infrastructure that supports the Ethereum blockchain and delivers corporate value. Ether Capital’s management team and Board of Directors are comprised of crypto natives, leading venture capitalists and capital markets experts, which uniquely positions the company to identify and capitalize on opportunities in the digital asset ecosystem. For more information, visit http://ethcap.co

This press release is not an offer of securities for sale in the United States, and the securities described in this press release may not be offered or sold in the United States absent registration or an exemption from registration. The securities have not been and will not be registered under the United States Securities Act of 1933. The NEO Exchange does not accept responsibility for the adequacy or accuracy of this release. Contacts

Brian Mosoff Chief Executive Officer Ether Capital 1-416-583-5541 http://ethcap.co/

Ian McPherson President and Chief Financial Officer Ether Capital 1-416-583-5541 http://ethcap.co/

Balance Celebrates Turning Five and Surpasses $500M of Assets Under Custody.





TORONTO--(BUSINESS WIRE)-- #bitcoin --Balance is proud to celebrate five years in business serving Canadians as the country's top digital asset custodian.

Founded in June 2017, the company introduced its custody services in a closed pilot in August 2018. The public launch followed one year later, the first of its kind in Canada. Having surpassed $500M of assets under custody (over $2.5B ahead of the recent market pullback), this makes Balance not only the oldest Canadian digital asset custodian, but also the largest.

“Our focus since day one has been to build a world-class solution for Canadian businesses. To compete with established giants such as Coinbase and Gemini, we eschewed vending ready-made solutions and instead built our offline and warm infrastructure in-house. It wasn’t an easy challenge. It took us over one year of building and one year of polishing before our public launch. We’re grateful to our early backers at Techstars and Bicameral Ventures for sharing the vision and taking a bet on us. The Canadian ecosystem is better off as a result.” - George Bordianu, Chief Executive Officer

Since its August 2019 public launch, Balance has grown its client base to include companies that span Canada, certain US states, as well as BVI and Cayman Islands. Balance successfully serves crypto exchanges, OTC and prop. trading desks, neobanks, ATM networks, private funds, market makers, liquidity providers, foundation treasuries, and more.

“The fact that we built our infrastructure in-house allows us to charge 10-25 bps/year and offer free unlimited withdrawals while maintaining positive unit economics. Typical market rates are 30-50 bps/year with an additional 1-5 bps/transfer. Our prospects sometimes have a hard time believing that a small Canadian company built a solution that’s 2-3x more cost effective than what the industry giants offer. Yet we prove it every day.” - Dustin Plett, Chief Sales Officer

To celebrate these milestones and better showcase its product offering, Balance has launched a new online presence at www.balance.ca .

Disclaimer

PARADISO VENTURES INC. O/A Balance is a private company incorporated under the laws of the Canada Business Corporations Act, R.S.C., 1985, c. C-44, with the registered office address at 325 Front St W, 4th floor (Attn: Balance), M5V 2Y1, Toronto, Ontario, Canada which sells digital goods and services. This is not an offer or solicitation of any investment contract or financial security and should not be misconstrued as such. Digital assets and the blockchain are early technologies and as such have an associated high degree of risk. Balance cannot and does not offer financial or investing advice. For informational purposes only. Contacts

Dustin Donley Plett dustin@balance.ca +1 (833) 225-7030

Digital Asset Infrastructure Leader PolySign, Inc. Raises $53M Series C Round to Service Institutional Investors



Round Closes as PolySign Acquires Digital Asset Fund Administrator MG Stover to Deliver Comprehensive, Vertically-Integrated Custody, Trading and Administration Offering for Institutional Investors Accessing Cryptocurrency and Digital Assets

SAN FRANCISCO--(BUSINESS WIRE)-- PolySign, Inc. , a financial technology company providing blockchain-enabled digital asset infrastructure for institutional investors, today announces the close of its $53M Series C funding round with participation by Cowen Digital, Brevan Howard, GSR and more. Beyond the funding, PolySign also secured a $25M credit facility with Boathouse Capital.

Over the past year since PolySign’s Series B raise in May 2021, it has become clear that an institutional-level custody solution is necessary from both a security and regulatory perspective. CEO Jack McDonald and the team have actively worked to attain forerunner status in the space and provide clients with the next-generation services needed. The recent acquisition of MG Stover accelerates the company’s product development plan and paves the way for future service enhancements focused on institutional investors and asset managers.

Standard Custody & Trust Company , a next-generation NYDFS regulated custodian and subsidiary of PolySign, offers a security program that combines proprietary blockchain technology, end-to-end encryption, and distributed trust protocols to protect private keys. The platform’s integrated escrow solution enables investors to buy and sell digital assets directly from custody, reducing the risk of external transfers and inefficient transactions between multiple accounts and different providers. Standard Custody facilitates 24/7 investor market access with improved security and capital efficiency.

“While crypto has captured immense interest from retail investors, the role that institutional investors carry in shaping the future of the digital asset space cannot be understated. A better platform for custody and fund administration is necessary to serve their unique needs and help expand the market,” said Jack McDonald, CEO of PolySign. “Market volatility has often obscured the biggest hurdle to institutional involvement – security. With this latest funding round and support from major institutions, as well as our recent acquisition of MG Stover, PolySign’s solutions are making the world of digital assets more attractive to institutional investors and accelerating the transition from traditional finance to decentralized finance.”

Drew Forman, Head of Cowen Digital, commented: “Cowen Digital is proud to be part of PolySign’s latest investment round. As a trusted partner, PolySign already forms a key component of Cowen Digital’s trade execution and custody ecosystem. This investment continues to put both firms at the forefront in serving the growing demand from institutional investors for safe, secure and seamless access to digital assets.”

“We are incredibly excited to support PolySign and absolutely thrilled with the company’s recent acquisition of MG Stover. PolySign, founded four years ago, is providing foundational and battle tested infrastructure across custody and administration services and is run by a best-in-class team,” said Colleen Sullivan, Co-Head of Private Investments at Brevan Howard Digital. “In a time where trust in counterparties, embracing regulation, and understanding crypto and market risk are rightfully heightened, we are proud to support outstanding operators like Jack McDonald and Matt Stover, who are building products and services that are necessary to take our industry to the next level.”

About PolySign

PolySign is a transformative financial technology company providing institutional investors with cutting-edge blockchain-enabled infrastructure in support of digital assets across the capital markets and payments sectors. The PolySign family of products includes MGStover and Standard Custody and Trust Co. MG Stover is a full-service fund administration firm built by former auditors and fund operators to deliver world class solutions to the alternative investment industry. PolySign’s New York-regulated custodian, Standard Custody & Trust Company, is a next-generation Qualified Custodian offering novel, patented technology for securing secret keys. For more information, please visit polysign.io.

About Standard Custody & Trust Co

Standard Custody & Trust Company is an institutional-grade custody, trading and settlement platform for digital assets. Standard was founded and designed by leading technologists and innovators from pioneering cryptocurrency and distributed ledger technology companies blended with traditional capital markets expertise. A subsidiary of PolySign, Inc., Standard’s platform offers novel blockchain technology that provides end-to-end encryption and distributed trust protocols for securing secret keys. Standard’s integrated escrow trading platform enables investors to buy and sell digital assets directly from custody, eliminating the risk of external transfers and inefficient transactions between different providers. Standard embodies high standards for regulatory and compliance excellence, empowering financial institutions to leverage their digital asset positions with confidence in best-in-class security protocols. For more information, please visit standardcustody.com .

About MG Stover

MG Stover is a full-service fund administration firm that services hedge funds, private equity funds, and venture capital funds. As the largest digital fund administrator in the United States, MG Stover delivers world-class solutions for institutional investors operating in the alternative investment space, including specialized fund accounting, treasury management, KYC/AML due diligence and offshore compliance. MG Stover has also built a leading proprietary back-office data aggregation and reconciliation software that supports the reporting process of hundreds of digital asset funds. For more information, please visit mgstover.com . Contacts

Sofia Coon polysign@wachsman.com

Outlook: Financial Advisors Forecast Market Rebound in the Second Half of 2022, Finds Natixis Investment Managers’ Survey



The stock market is predicted to finish the year in positive territory, depending on inflation Advisors think alternatives are more attractive in the current market. Two-thirds say that increasing fixed-income allocations is a challenge, mostly because investors don’t understand bonds. One in four advisors personally invests in cryptocurrencies 1 , but most think it’s kryptonite for clients. Six in ten are advising clients to avoid crypto, despite potential diversification benefits.

BOSTON--(BUSINESS WIRE)--Financial advisors expect the markets to remain volatile in the second half of 2022, but they predict the S&P 500 2 will ultimately post a gain of 4.4% for the year, according to new survey findings published today by Natixis Investment Managers (Natixis IM). Their outlook is decidedly bullish considering the staggering market losses year to date and a triple dose of reality for U.S. investors – a simultaneous double-digit correction in stock and bond prices and the biggest rise in inflation in four decades.

Natixis IM surveyed 300 financial advisors in the U.S. as part of a global survey of 2,700 advisors across Asia, Europe, Latin America, North America, and the UK. The survey was conducted in March and April after the S&P 500 already had dipped 10% below 52-week highs before descending into bear market territory in June. U.S. advisors’ home market outlook is more pessimistic than that of advisors in ten of the 16 countries surveyed, especially Asia and Latin America. Overall, advisors globally expect the MSCI World Index 3 to return 6.4% this year.

The biggest risks to U.S. advisors’ outlook are inflation (66%) and rising interest rates (61%), followed by geopolitical conflicts (46%), including the war in Ukraine. Relatively few (28%) are concerned about valuations now, and fewer still (9%) are worried about the risk of new Covid-19 variants.

Advisors are generally optimistic about the resilience of the U.S. markets and their ability to adapt to shifting market drivers. They are confident their clients can still realistically achieve 7% average annual growth above inflation over the long term; however, their return assumptions are 220 basis points lower than the 9.2% annual returns they believe their clients are expecting. For now, advisors are resetting investment strategies and helping clients understand new market realities.

The three questions advisors say they are hearing most from clients are: Should I get out of the market now? (88%) Should I be afraid of rising interest rates? (88%) Does my portfolio have inflation protection? (79%)

“Many investors are frightened as they see the value of their financial assets plummeting, yet rash investment decisions, such as liquidating assets, can further compound losses,” said Dave Goodsell, Executive Director of the Natixis Center for Investor Insight. “Financial advisors play a critical role in helping clients understand what broad market movements mean for their personal finances. They need investment strategies that can help clients still get to where they want to be financially, but they need to work to keep clients on track and not let their emotions get the best of them.”

When advisors were asked how their views on asset classes have changed or not, the survey found: 69% of advisors agree that rising rates and inflation have made commodities 4 more appealing, their most bullish call followed by infrastructure investments (41%). They are two times more likely to say stocks have become more attractive (40%) now versus less attractive (21%). 59% consider alternative investments more attractive in the current environment. 72% of advisors think fixed income is less appealing now, an obvious reflection of their concern about the impact of rate increases on bond prices.

“The investment assumptions that have driven market performance over the past ten years – low rates, low inflation, and synchronous global growth – have shifted. While the transition has been turbulent, the extreme economic bearishness permeating consensus views is probably overdone,” said Jack Janasiewicz, Lead Portfolio Strategist at Natixis Investment Managers Solutions. “As rate increases are priced in and the inflation outlook improves, which we think it is, the market is likely to be more supportive of stocks and bonds as essential drivers of long-term growth.”

A reason to believe in bonds

While bond values have long been suppressed by low rates, yields are now rising in response to Federal Reserve actions. Yet financial advisors may need to work at convincing clients to add fixed income back into their portfolios. When asked about the top challenges to increasing fixed-income allocations, advisors said: Clients generally aren’t knowledgeable about the bond market (39%), the biggest hurdle advisors cited when recommending fixed income strategies. 36% say the benefits of bonds in portfolio construction aren’t obvious to most investors. An equal percentage (36%) say clients’ risk appetite gets in the way of using bonds.

Real estate remains an attractive inflation hedge

Rising rates seem to have had no detrimental effect on how financial advisors view real estate investments. While rising rates may make buying property more expensive, the asset class’s history of generating yields that outpace inflation makes real estate an appealing investment in times like these. The quest for yield is also evident in the appeal financial advisors are finding in alternatives.

When asked whether they consider real estate investments more or less attractive given rising rates and inflation, the survey found: 32% think residential real estate is more attractive now; 28% think it’s less attractive, and 40% say their views haven't changed. 34% think commercial real estate is more attractive; 27% think it’s less attractive, and 39% say their views haven’t changed.

Advisors see cryptocurrency as kryptonite for clients

Half of advisors (50%) say their clients are asking if they are missing out on investing in cryptocurrencies such as Bitcoin and Ethereum. Most (61%) are advising their clients to avoid investing in cryptocurrencies for now. Nearly as many (57%) are telling clients to stay away from non-fungible tokens (NFTs) as well. The cryptocurrency sector’s total market capitalization grew by 187.5% in 2021, 5 but the run ended abruptly in the new year, and the sector is down more than 60% 6 since January.

Still, at least some advisors may be warming up to the potential portfolio benefits they offer. The survey found: 33% of advisors think cryptocurrencies can provide some diversification benefits to clients’ portfolios. 26% of advisors personally own cryptocurrency investments, and most (53%) say they comfortable advising clients on them. 86% don’t offer clients access to cryptocurrency investments on their platform. 50% don’t think it’s appropriate for investors to have exposure to cryptocurrency.

The full global report on the findings of the Natixis Investment Managers 2022 survey of Financial Professionals can be found here .

Methodology

Natixis Investment Managers surveyed 300 financial advisors across the United States, as part of a larger global survey of 2,700 financial professionals in 16 countries. Data were gathered in March and April 2022 by the research firm CoreData with additional analysis conducted by the Natixis Center for Investor Insights.

About the Natixis Center for Investor Insight

The Natixis Center for Investor Insight is a global research initiative focused on the critical issues shaping today’s investment landscape. The Center examines sentiment and behavior, market outlooks and trends, and risk perceptions of institutional investors, financial professionals and individuals around the world. Our goal is to fuel a more substantive discussion of issues with a 360° view of markets and insightful analysis of investment trends.

About Natixis Investment Managers

Natixis Investment Managers’ multi-affiliate approach connects clients to the independent thinking and focused expertise of more than 20 active managers. Ranked among the world’s largest asset managers 1 with more than $1.3 trillion assets under management 2 (€1.2 trillion), Natixis Investment Managers delivers a diverse range of solutions across asset classes, styles, and vehicles, including innovative environmental, social, and governance (ESG) strategies and products dedicated to advancing sustainable finance. The firm partners with clients in order to understand their unique needs and provide insights and investment solutions tailored to their long-term goals.

Headquartered in Paris and Boston, Natixis Investment Managers is part of the Global Financial Services division of Groupe BPCE, the second-largest banking group in France through the Banque Populaire and Caisse d’Epargne retail networks. Natixis Investment Managers’ affiliated investment management firms include AEW; AlphaSimplex Group; DNCA Investments; 3 Dorval Asset Management; Flexstone Partners; Gateway Investment Advisers; Harris Associates; Investors Mutual Limited; Loomis, Sayles & Company; Mirova; MV Credit; Naxicap Partners; Ossiam; Ostrum Asset Management; Seeyond; Seventure Partners; Thematics Asset Management; Vauban Infrastructure Partners; Vaughan Nelson Investment Management; and WCM Investment Management. Additionally, investment solutions are offered through Natixis Investment Managers Solutions and Natixis Advisors, LLC. Not all offerings are available in all jurisdictions. For additional information, please visit Natixis Investment Managers’ website at im.natixis.com | LinkedIn: linkedin.com/company/natixis-investment-managers.

Natixis Investment Managers’ distribution and service groups include Natixis Distribution, LLC, a limited purpose broker-dealer and the distributor of various U.S. registered investment companies for which advisory services are provided by affiliated firms of Natixis Investment Managers, Natixis Investment Managers S.A. (Luxembourg), Natixis Investment Managers International (France), and their affiliated distribution and service entities in Europe and Asia.

1 Cerulli Quantitative Update: Global Markets 2021 ranked Natixis Investment Managers as the 15th largest asset manager in the world based on assets under management as of December 31, 2020. 2 Assets under management (“AUM”) of current affiliated entities measured as of March 31, 2022 are $1,320.6 billion (€1,187.6 billion). AUM, as reported, may include notional assets, assets serviced, gross assets, assets of minority-owned affiliated entities and other types of non-regulatory AUM managed or serviced by firms affiliated with Natixis Investment Managers. 3 A brand of DNCA Finance.

This material is provided for informational purposes only and should not be construed as investment advice. There can be no assurance that developments will transpire as forecasted.

The data shown represents the opinion of those surveyed, and may change based on market and other conditions. It should not be construed as investment advice.

All investing involves risk, including the risk of loss. No investment strategy or risk management technique can guarantee return or eliminate risk in all market environments. 4801396.1.1

____________

1 Cryptocurrencies are subject to numerous market risks, they are speculative and volatile, can become illiquid at any time, and are for investors who can tolerate the full loss of their investment. 2 S&P 500® Index is a widely recognized measure of US stock market performance. It is an unmanaged index of 500 common stocks chosen for market size, liquidity, and industry group representation, among other factors. It also measures the performance of the large-cap segment of the US equities market. 3 The MSCI All Country World Index is a free float-adjusted market capitalization weighted index designed to provide a broad measure of equity-market performance throughout the world. The MSCI ACWI is comprised of stocks from 23 developed countries and 24 emerging markets. 4 Commodity-related investments, including derivatives, may be affected by a number of factors including commodity prices, world events, import controls, and economic conditions and therefore may involve substantial risk of loss. 5 https://www.weforum.org/agenda/2022/01/top-cryptocurrencies-performance-2021 6 S&P Cryptocurrency Broad Digital Market Index as of June 20, 2022; https://www.spglobal.com/spdji/en/indices/digital-assets/sp-cryptocurrency-broad-digital-market-index/#overview

  Contacts

Kelly Cameron Tel: + 1 617-449-2543 Kelly.Cameron@natixis.com

As Markets Tumble, Financial Advisors Rethink Growth Prospects, Finds Natixis Investment Managers 2022 Survey of Financial Professionals



Advisors look for double-digit growth in client assets, primarily from new and next-generation clients, but many overlook key client segments including women, LGBTQ and millennials Majority of client assets are now in model portfolios as advisor value proposition transitions from portfolio management to more holistic financial planning. One in four advisors moving to a mixed fee model, including subscription-based and transactional fee-for-services.

BOSTON--(BUSINESS WIRE)--Financial advisors are looking to increase client assets under management (AUM) by 10% (median) this year, and with little of that likely to come from market performance, they are counting primarily on new assets from new clients to grow their business, according to findings from Natixis Investment Managers (IM) 2022 Survey of Financial Professionals, published today.

Natixis IM surveyed 300 U.S. financial advisors, as part of a larger global survey of 2,700 financial professionals. The U.S. findings presented here provide insight about advisors’ growth strategies, the challenges they face, and how they are adapting their business to changes in the market.

Over the next three years, financial advisors are targeting a median AUM growth rate of 15% growth and 10 new clients per year, on average. While the long bull market helped turbo charge asset growth over the past ten years, advisors aren’t counting on the double-digit returns over the long term. In fact, they are optimistic in forecasting a 4.4% return by the S&P 500 1 this year. Rather, the survey suggests that advisors are looking to catch a tailwind from the vast amount of money in motion, including rollover retirement assets and the transfer of significant generational wealth. Many may be hard-pressed to hit their targets unless they also adapt their business practices and assumptions.

The survey found: Client acquisition is the most difficult way for advisors to go about growing their business. When asked which business growth strategy is most challenging, 59% cite winning new assets from new clients, compared to 31% who cite gaining more assets from existing clients. One in four (24%) say retaining clients is most challenging. The two factors most advisors say are crucial to their success are demonstrating value to clients beyond investment management (63%) and establishing relationships with clients’ next-generation heirs (60%). 57% of advisors say that the time involved in adding value beyond investment management and establishing relationships with next generation heirs make both challenging.

“Advisors have to expand their capacity to grow their business while meeting the needs of new and existing clients,” said David Giunta, President and Chief Executive Officer for the U.S. at Natixis Investment Managers. “Advisory relationships are no longer defined by transactions in an investment portfolio, but rather by a deeper understanding of clients’ financial needs and the services they feel add the most value for the money. Technology and product innovation are helping advisors deliver the consistent investment experience clients expect while supporting the transition of their business to a broader focus on financial planning.”

Modeling the business for new clients

One key way advisors are expanding their capacity on the planning side is by using model portfolios on the investing side. On average, 93% of client assets under management are in model portfolios, including 54% of assets in models that advisors build themselves, 26% in models built and managed by their firm, and 21% from third-party asset managers.

The survey found: 89% of financial advisors say that clients whose assets are in model portfolios view comprehensive financial planning as the greatest value of having a relationship with a professional advisor. A significant number of advisors also said clients value tax management (56%), financial education and engagement with family members (56%), and trust and estate planning services (48%). The very small percentage (7%) of financial advisors who don’t use model portfolios say that personally building and managing clients’ investment portfolios is essential to their value proposition.

“The actively-managed, risk-adjusted performance features inherent in model portfolios make them particularly compelling in the current market environment,” said Marina Gross, Co-Head of Natixis Investment Managers Solutions. “Our portfolio consulting practice shows that core moderate-risk model portfolios consistently deliver higher risk-adjusted returns with less volatility than the broad market, enabling advisors to focus more time on long-term goals, than short-term performance.”

The survey found the most effective ways financial advisors are incorporating model portfolios into their practice are by: Transitioning assets on a case-by-case basis, depending on each client’s willingness (58%) Focusing on retirement account rollovers (42%) Focusing on new assets from new clients (29%)

One in five advisors (20%) took the plunge and moved all their client assets into models at once, and 21% who intend to transition all their clients into model portfolios, have done so in phases. Few advisors have found it particularly effective to reserve their use of model portfolios for clients who represent less revenue potential, including clients with lower balances (18%), retirement drawdown clients (17%), and younger clients (10%).

Prospecting efforts come into focus

In their search for new clients, financial advisors are looking in all the usual places, with most (81%) considering the life stages of their prospects. Most (93%) place the highest priority on pre-retirees, or people between the ages of 50 and 60, followed by those between the ages of 60 and 65 who are at or just entering retirement (84%). Six in ten (60%) also focus on older accumulators between the ages of 35 and 50 who are in their peak earning years and likely in need of comprehensive financial services to address multiple financial goals such as saving for retirement, funding education, and managing debt.

Given the market environment and generational transfer of wealth underway, advisors may be missing opportunities to reach the oldest and youngest group of potential clients. Fewer than half (47%) of financial advisors are focused on post-retirees, many of who are drawing down versus accumulating assets but who still need robust financial planning and advice to protect, use and pass on their assets. Only 16% place a high priority on prospecting for clients between the ages of 18 and 35, members of Generations Y and Z, who represent the largest segment of the U.S. population.

Beyond age segmentation, advisors are tailoring their business offering and business development strategies to appeal to specific high-valued groups. When asked which segments they are prioritizing for client acquisition and retention, the survey found again, that advisors might be overlooking opportunities to meet the distinct needs of certain segments, namely women and the LGBTQ community.

When financial advisors were asked which groups they prioritize for client acquisition and retention, the survey found: 76% of advisors are focused on professionals, such as lawyers, doctors, and corporate executives and nearly as many (75%) are targeting business owners 69% are focused on HENRYs (High Earners, Not Rich Yet) 44% are looking to establish or strengthen relationships with next-generation heirs 29% are concentrating on the needs of women 7% target the LGBTQ+ community

Just 8% of financial advisors think that meeting investor demand for cryptocurrency 2 investments is very important to the growth of their business. Most (86%) don’t offer clients access to cryptocurrency trading on their platform, even though 58% of advisors say they have clients who invest in cryptocurrency either directly or through other trading platforms.

As the wealth management business transitions to a more holistic financial planning business model, some advisors are reevaluating the way they charge for their services. The number of advisors whose fees are based on assets under management is expected to decline from 63% today to 58% over the next five years. A subscription-based fee model, that charges clients a one-time or annual upfront fee and then a recurring fee for any ongoing services throughout the year, is expected to rise incrementally from 2% to 9%. Twenty-seven percent of advisors expect to offer a mixed fee structure employing AUM-based, subscription-based, and transactional fees for services or time rendered, depending on the client.

Natixis Investment Manager’s global report on the findings of its 2022 survey of Financial Advisors can be found here .

Methodology

Natixis Investment Managers surveyed 300 financial advisors across the United States, as part of a larger global survey of 2,700 financial professionals in 16 countries. Data were gathered in March and April 2022 by the research firm CoreData with additional analysis conducted by the Natixis Center for Investor Insights.

About the Natixis Center for Investor Insight

The Natixis Center for Investor Insight is a global research initiative focused on the critical issues shaping today’s investment landscape. The Center examines sentiment and behavior, market outlooks and trends, and risk perceptions of institutional investors, financial professionals and individuals around the world. Our goal is to fuel a more substantive discussion of issues with a 360° view of markets and insightful analysis of investment trends.

About Natixis Investment Managers

Natixis Investment Managers’ multi-affiliate approach connects clients to the independent thinking and focused expertise of more than 20 active managers. Ranked among the world’s largest asset managers 1 with more than $1.3 trillion assets under management 2 (€1.2 trillion), Natixis Investment Managers delivers a diverse range of solutions across asset classes, styles, and vehicles, including innovative environmental, social, and governance (ESG) strategies and products dedicated to advancing sustainable finance. The firm partners with clients in order to understand their unique needs and provide insights and investment solutions tailored to their long-term goals.

Headquartered in Paris and Boston, Natixis Investment Managers is part of the Global Financial Services division of Groupe BPCE, the second-largest banking group in France through the Banque Populaire and Caisse d’Epargne retail networks. Natixis Investment Managers’ affiliated investment management firms include AEW; AlphaSimplex Group; DNCA Investments; 3 Dorval Asset Management; Flexstone Partners; Gateway Investment Advisers; Harris Associates; Investors Mutual Limited; Loomis, Sayles & Company; Mirova; MV Credit; Naxicap Partners; Ossiam; Ostrum Asset Management; Seeyond; Seventure Partners; Thematics Asset Management; Vauban Infrastructure Partners; Vaughan Nelson Investment Management; and WCM Investment Management. Additionally, investment solutions are offered through Natixis Investment Managers Solutions and Natixis Advisors, LLC. Not all offerings are available in all jurisdictions. For additional information, please visit Natixis Investment Managers’ website at im.natixis.com | LinkedIn: linkedin.com/company/natixis-investment-managers .

Natixis Investment Managers’ distribution and service groups include Natixis Distribution, LLC, a limited purpose broker-dealer and the distributor of various U.S. registered investment companies for which advisory services are provided by affiliated firms of Natixis Investment Managers, Natixis Investment Managers S.A. (Luxembourg), Natixis Investment Managers International (France), and their affiliated distribution and service entities in Europe and Asia.

1 Cerulli Quantitative Update: Global Markets 2021 ranked Natixis Investment Managers as the 15th largest asset manager in the world based on assets under management as of December 31, 2020. 2 Assets under management (“AUM”) of current affiliated entities measured as of March 31, 2022 are $1,320.6 billion (€1,187.6 billion). AUM, as reported, may include notional assets, assets serviced, gross assets, assets of minority-owned affiliated entities and other types of non-regulatory AUM managed or serviced by firms affiliated with Natixis Investment Managers. 3 A brand of DNCA Finance.

This material is provided for informational purposes only and should not be construed as investment advice. There can be no assurance that developments will transpire as forecasted.

The data shown represents the opinion of those surveyed, and may change based on market and other conditions. It should not be construed as investment advice.

All investing involves risk, including the risk of loss. No investment strategy or risk management technique can guarantee return or eliminate risk in all market environments. 4801413.1.1

______________________________ 1 S&P 500® Index is a widely recognized measure of US stock market performance. It is an unmanaged index of 500 common stocks chosen for market size, liquidity, and industry group representation, among other factors. It also measures the performance of the large-cap segment of the US equities market. 2 Cryptocurrencies are subject to numerous market risks, they are speculative and volatile, can become illiquid at any time, and are for investors who can tolerate the full loss of their investment. Contacts

Kelly Cameron Tel: + 1 617-449-2543 Kelly.Cameron@natixis.com

Outlook: Financial Advisors Forecast Market Rally in Second Half of 2022, Finds Natixis Investment Managers’ Survey



Canada’s stock market is predicted to recover losses and finish the year in positive territory, depending largely on inflation. One in three think stocks have become more attractive now. Advisors think alternatives are more attractive in the current environment. Three-fourths say that increasing fixed-income allocations is a challenge, in part because the benefits aren’t obvious to clients. Most advisors are advising clients to avoid cryptocurrency 1 , even though one in four see potential diversification benefits.

BOSTON--(BUSINESS WIRE)--Financial advisors in Canada expect the markets to remain volatile in the second half of 2022, but they predict the S&P/TSX Composite Index to return 5.4% for the year and for the S&P 500 2 to gain 4.2%, according to new survey findings published today by Natixis Investment Managers (Natixis IM). Their outlook for the U.S. stock market is decidedly bullish considering the steep losses year to date and triple dose of reality for investors – a simultaneous double-digit correction in stock and bond prices and the biggest rise in inflation in four decades.

Natixis IM surveyed 150 financial advisors in Canada as part of a global survey of 2,700 advisors across Asia, Europe, Latin America, North America, and the UK. The survey was conducted in March and April as Canadian stock prices were sliding and, in the U.S., the S&P 500 already was down 10% from its 52-week high.

The survey found: Advisors’ top portfolio risk concerns are inflation (67%) and market volatility (59%), followed closely by rising interest rates (57%) and geopolitical conflicts (52%), including the ongoing war in Ukraine. Relatively few (27%) are concerned about valuations. Fewer still (4%) are worried about the risk of new Covid-19 variants.

Most (89%) advisors say the question they are hearing most often from clients is “Should I be afraid of rising interest rates?” Seven in ten (71%) also say clients are asking if they should get out of the market now. Yet advisors are generally optimistic about the resilience of stock market and their ability to adapt to shifting market drivers. They are confident their clients can still realistically achieve 6.5% average annual growth above inflation over the long term; however, their return assumptions are 170 basis points lower than the 8.2% annual returns they believe their clients are expecting. For now, advisors are focused on resetting investment strategies and helping clients understand new market realities.

“Many investors are frightened as they see the value of their financial assets plummeting, yet rash investment decisions, such as liquidating assets, can further compound losses,” said Dave Goodsell, Executive Director of the Natixis Center for Investor Insight. “Financial advisors play a critical role in helping clients understand what broad market movements mean for their personal finances. They need investment strategies that can help clients still get to where they want to be financially, but they need to work to keep clients on track and not let their emotions get the best of them.”

When asked if and how rising rates and inflation have changed advisors’ asset class views, the survey found: 53% of advisors agree that commodities 3 are more appealing now, their most bullish call followed by private assets (49%). They are more likely to say that stocks are more attractive now (31%) than less attractive (25%). 65% consider alternative investments more attractive in the current environment. 68% of advisors think fixed income is less appealing now, an obvious reflection of their concern about central bank policy. 44% of advisors think rising rates and inflation have made residential real estate less appealing, but it’s had little detrimental impact on their views for commercial real estate. Whereas 30% think commercial real estate investments are less appealing, 21% say it’s become more attractive, and 49% say their outlook hasn’t changed.

“The investment assumptions that have driven market performance over the past ten years – low rates, low inflation and synchronous global growth – have shifted. While the transition has been turbulent, the extreme economic bearishness permeating consensus views is probably overdone,” said Jack Janasiewicz, Lead Portfolio Strategist at Natixis Investment Managers Solutions. “As rate increases are priced in and the inflation outlook improves, which we think it is, the market is likely to be more supportive of stocks and bonds as essential drivers of long-term growth.”

Whether or not the bond market has already priced in expected rate hikes, financial advisors may need to work at convincing clients to add fixed income back into their portfolios. When asked about the top challenges to increasing fixed-income allocations, 38% of advisors say that the benefits of bonds in portfolio construction just are not obvious to most clients.

Advisors see cryptocurrency as kryptonite for clients

Four in ten (40%) advisors say their clients are asking if they are missing out on investing in cryptocurrencies such as Bitcoin and Ethereum. The cryptocurrency sector’s total market capitalization grew by 187.5% in 2021, 4 but the run ended abruptly in the new year, and the sector is down more than 60% 5 since January. Most (56%) advisors are telling their clients to avoid investing in cryptocurrencies for now. Nearly as many (46%) are telling clients to stay away from non-fungible tokens (NFTs) as well.

While 54% of advisors don’t think is appropriate for investors to have exposure to cryptocurrency, at least some advisors appear to be warming up to them. One in four (25%) advisors think cryptocurrencies can provide some diversification benefits to clients’ portfolios.

The full global report on the findings of the Natixis Investment Managers 2022 survey of Financial Professionals can be found here .

Methodology

Natixis Investment Managers surveyed 150 financial advisors across Canada, as part of a larger global survey of 2,700 financial professionals in 16 countries. Data were gathered in March and April 2022 by the research firm CoreData with additional analysis conducted by the Natixis Center for Investor Insights.

About Natixis Investment Managers

Natixis Investment Managers’ multi-affiliate approach connects clients to the independent thinking and focused expertise of more than 20 active managers. Ranked among the world’s largest asset managers 1 with more than $1.3 trillion assets under management 2 (€1.2 trillion), Natixis Investment Managers delivers a diverse range of solutions across asset classes, styles, and vehicles, including innovative environmental, social, and governance (ESG) strategies and products dedicated to advancing sustainable finance. The firm partners with clients in order to understand their unique needs and provide insights and investment solutions tailored to their long-term goals.

Headquartered in Paris and Boston, Natixis Investment Managers is part of the Global Financial Services division of Groupe BPCE, the second-largest banking group in France through the Banque Populaire and Caisse d’Epargne retail networks. Natixis Investment Managers’ affiliated investment management firms include AEW; AlphaSimplex Group; DNCA Investments; 3 Dorval Asset Management; Flexstone Partners; Gateway Investment Advisers; Harris Associates; Investors Mutual Limited; Loomis, Sayles & Company; Mirova; MV Credit; Naxicap Partners; Ossiam; Ostrum Asset Management; Seeyond; Seventure Partners; Thematics Asset Management; Vauban Infrastructure Partners; Vaughan Nelson Investment Management; and WCM Investment Management. Additionally, investment solutions are offered through Natixis Investment Managers Solutions and Natixis Advisors, LLC. Not all offerings are available in all jurisdictions. For additional information, please visit Natixis Investment Managers’ website at im.natixis.com | LinkedIn: linkedin.com/company/natixis-investment-managers .

Natixis Investment Managers’ distribution and service groups include Natixis Distribution, LLC, a limited purpose broker-dealer and the distributor of various U.S. registered investment companies for which advisory services are provided by affiliated firms of Natixis Investment Managers, Natixis Investment Managers S.A. (Luxembourg), Natixis Investment Managers International (France), and their affiliated distribution and service entities in Europe and Asia. 1 Cerulli Quantitative Update: Global Markets 2021 ranked Natixis Investment Managers as the 15th largest asset manager in the world based on assets under management as of December 31, 2020. 2 Assets under management (“AUM”) of current affiliated entities measured as of March 31, 2022 are $1,320.6 billion (€1,187.6 billion). AUM, as reported, may include notional assets, assets serviced, gross assets, assets of minority-owned affiliated entities and other types of non-regulatory AUM managed or serviced by firms affiliated with Natixis Investment Managers. 3 A brand of DNCA Finance.

This material is provided for informational purposes only and should not be construed as investment advice. There can be no assurance that developments will transpire as forecasted.

The data shown represents the opinion of those surveyed, and may change based on market and other conditions. It should not be construed as investment advice.

All investing involves risk, including the risk of loss. No investment strategy or risk management technique can guarantee return or eliminate risk in all market environments. ________________________ 1 Cryptocurrencies are subject to numerous market risks, they are speculative and volatile, can become illiquid at any time, and are for investors who can tolerate the full loss of their investment. 2 S&P 500® Index is a widely recognized measure of US stock market performance. It is an unmanaged index of 500 common stocks chosen for market size, liquidity, and industry group representation, among other factors. It also measures the performance of the large-cap segment of the US equities market. 3 Commodity-related investments, including derivatives, may be affected by a number of factors including commodity prices, world events, import controls, and economic conditions and therefore may involve substantial risk of loss. 4 https://www.weforum.org/agenda/2022/01/top-cryptocurrencies-performance-2021 5 S&P Cryptocurrency Broad Digital Market Index as of June 20, 2022; https://www.spglobal.com/spdji/en/indices/digital-assets/sp-cryptocurrency-broad-digital-market-index/#overview

4803619.1.1 Contacts

Press: Kelly Cameron Tel: + 1 617-449-2543 Kelly.Cameron@natixis.com

Women-Led Blockchain Technology Company R Labs Raises +$5M In Pre-Seed Funding Toward Purpose-Based Ecosystem in Web3



Company Founded by Former Bumble Execs, Serial Financial Entrepreneurs, and Social Impact Leaders Dropping First Limited NFT Project to Drive Measurable Environmental and Social Inclusivity Outcomes

AUSTIN, Texas--(BUSINESS WIRE)-- #inclusion --R Labs, a blockchain-based financial technology company, today announced the funding of their pre-seed round of +$5M. The minority and women-led founding team which has previously built $B+ businesses, launched global cult brands, and created meaningful environmental and social change, has come together to launch R Labs. R Labs is a values-based company building a social impact ecosystem in Web3 where every action will aim to create a positive impact in the physical world.

R Labs’ mission is to bring purpose and more utility to Web3 while addressing the generational shift of more than 24 Trillion dollars in wealth this decade to Millennials and serving their desire to mobilize their financial assets for social and environmental good. R Labs is committed to the true democratization of wealth creation and sees the tokenization of impact as a meaningful opportunity to build the world we want to live in through tangible impact opportunities.

“The next generation will own a digital wallet before opening a bank account,” says Geeta Sankappanavar, Co-Founder of R Labs. “This will democratize wealth creation and enable consumers and companies to align their money with their values and interests.”

R Labs’ pre-seed round was materially oversubscribed and led by a roster of notable investors associated with leading institutions including Softbank, AGF and Prodege, among others. Advisors supporting R Labs’ projects and initiatives are linked to industry leading organizations and projects including Azuki, Decentraland, Warner Music Group (WMG), Creative Artists Agency (CAA) and more.

The founding team consists of top executives from high-profile global companies in finance, technology, and social impact and is spearheaded by Geeta Sankappanavar, a $B+ entrepreneur, investor, and community leader who is a lead pioneer in combining institutional investment with transparency and purpose in Web3.

“R Labs lives at the intersection of innovation, human connection and purpose to create measurable impact,” says Chelsea Cain Maclin, Co-Founder and Chief Marketing Officer of R Labs. “We are thrilled to have assembled an incredible team with expertise in community building, brand and corporate partnerships, tradfi + defi, regulatory and impact. Our team includes founders and former executives from Bumble, Draft Kings, Rovio, Deutsche Bank, UBS, and Credit Agricole. R Labs and our genesis NFT is the first step towards building the world that we want to live in.”

The company will launch a new purpose-led NFT project arriving to Web3 later this summer oriented around intersectional impact in five core pillars including mental wellness, inclusivity, sustainability, education, and overall entertainment. Let’s make our tokens matter more.

For more information on R Labs and real-time updates on the launch of the Summer NFT project, follow @RPlanetNFT on Twitter.

About R Labs

R Labs is a minority and women-led company building a purpose-based ecosystem in Web3 where every action in Web3 will aim to create a positive impact in the physical world. Launching Summer 2022 is an innovative purpose-driven NFT collection that connects utility and financial opportunity with purpose, goals and physical world impact. Learn more at RPlanetNFT.xyz and @RPlanetNFT on Twitter. Contacts

FlyteVu Brittany Rashkin brittany.rashkin@flytevu.com

R Labs press@rlabs.world

Cogent Bank Launches Real-Time, Blockchain-Based Payments Through TassatPay®





NEW YORK--(BUSINESS WIRE)-- #KevinGreene -- Tassat ® Group Inc. , the leading provider of private blockchain-based, B2B real-time payments and financial services solutions to banks, today announced that Orlando, Florida-headquartered Cogent Bank has launched a fully-integrated digital banking platform powered by Tassat. The private permissioned blockchain-based payments platform, now available to Cogent Bank’s business-to-business (B2B) clients, is the latest adoption of TassatPay by a bank for use in its clients’ transactions.

“We welcome Cogent Bank to the growing roster of banks that are using TassatPay to facilitate real-time payments by their B2B clients,” said Kevin R. Greene, Tassat’s Chairman and CEO. “TassatPay is the only private permissioned blockchain-based, real-time payments platform fully deployed within the U.S. banking system. Working within our platform gives businesses confidence that their payments will be carried out safely, securely and in compliance with banking regulations.”

Cogent Bank’s adoption of the TassatPay platform will enable its B2B clients to make real-time payments 24 hours a day, 7 days a week, 365 days a year to other Cogent Bank clients enrolled in TassatPay. TassatPay, which has processed over $450 billion in transactions, provides benefits including immediate settlement, reduced costs, enhanced security and privacy and no limits on transaction sizes or volumes. TassatPay also provides a one-stop shop for B2B payments - allowing a bank’s clients to transfer money instantaneously, automate payments with smart contracts and connect to Fedwire within the same interface.

“We recognize that TassatPay will allow us to compete in today’s digital economy,” said Chirag Bhavsar, president of Cogent Bank. “It’s never been more important to provide our clients with instantaneous payments utilizing blockchain technology.”

The launch of TassatPay by Cogent Bank, through an agreement originally announced in January 2022 , follows record interest by banks in TassatPay. Western Alliance Bank, Signature Bank, Customers Bank, Cogent Bank and Axos Bank have deployed TassatPay to provide blockchain-enabled payments for their B2B clients.

About Tassat Group

Tassat Group Inc. is a NY-based technology company that is the leading provider of private blockchain-based, real-time solutions for commercial banks including TassatPay, which enables banks to provide their customers with instantaneous, secure, real-time payments 24/7/365. TassatPay has become the most trusted blockchain-based platform for the banking industry and its B2B customers with over $450 billion in secure, real-time transactions to date. Tassat has added Smart Contracts and Fedwire functionality to make TassatPay a one-stop-shop for B2B Payments. Tassat was honored with a 2021 Google Cloud Customer Award for innovation in financial services. For more information, visit us at www.tassatpay.com , on Twitter or on LinkedIn .

About Cogent Bank

Cogent Bank is a state-chartered bank that has operated as a full-service business and personal bank since 2001. With over $1 billion in total assets, Cogent offers multiple banking centers in North, Central and Southwest Florida. Cogent offers a broad range of lending, depository, treasury management and mobile banking services designed to meet the complex and diverse needs of its clients while staying focused on the local communities it serves. Cogent believes banking is personal and requires high-touch, innovative services designed to make managing financial transactions easier. Cogent pairs its financial expertise with a passion for learning more about its clients’ goals and objectives. To learn more, visit www.cogentbank.com . Contacts

Media: Loretta Healy The Hubbell Group, Inc. 1-781-718-1117 lhealy@hubbellgroup.com

KuCoin Exchange Launches Innovative KuCoin Wallet for Web 3 Exploration





VICTORIA, Seychelles--(BUSINESS WIRE)-- KuCoin , a global cryptocurrency platform, has announced a full-scale launch of its KuCoin Wallet App. The new application redefines the concept of decentralized wallets and will offer users a unique Web 3.0 experience.

The launch of KuCoin Wallet comes after a lengthy beta testing period that saw a refinement of the application based on user feedback and adjustment to modern market requirements. The result is KuCoin Wallet — a secure and convenient multi-chain crypto wallet that is fully supported by the KuCoin ecosystem. To provide the best user experience possible, KuCoin Wallet was publicly tested during the public beta testing phase, which saw more than three million user registrations.

The key improvements of the officially released version of KuCoin Wallet include server performance and client-side stability, giving users a seamless and optimal wallet experience. KuCoin Wallet is being positioned as a user-friendly, secure, and professional Web 3.0 wallet designed for easy decentralized web exploration. The applications allow users to quickly create decentralized accounts, thus reducing barriers to entering Web 3.0 and giving them the ability to explore popular DApps across various public chains, including games and financial services.

The released version of KuCoin Wallet supports four mainstream public chains, including ETH, Polygon, BNB, and KCC Chains. Users can use KuCoin Wallet to send, receive, and hold ETH , USDT , USDC , BNB , and more. In combination with the KuCoin Windvane NFT market, KuCoin Wallet will become a one-stop service platform for users to purchase, store, and display NFTs, as well as post NFT avatars. As a self-custody wallet, KuCoin Wallet gives users full control over their assets through the use of KuCoin Exchange’s advanced security technologies and Hacken security audit certification.

The release of KuCoin Wallet gives the exchange another powerful instrument that bolsters the impressive arsenal of its native ecosystem. With KuCoin Wallet operation, KuCoin can leverage its vast community of millions of followers and enhance its user experience through the use of a dedicated and holistic decentralized Web 3.0 application.

Get KuCoin Wallet for your mobile .

To find out more about KuCoin Wallet, visit: https://kuwallet.com/

About KuCoin

Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 700 digital assets and currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 18 million users in 207 countries and regions.

In 2022, KuCoin raised over $150 million in investments through a pre-Series B round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. Forbes also named KuCoin one of the Best Crypto Exchanges in 2021. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts.

To find out more, visit https://www.kucoin.com . Contacts

Emma Haul media@kucoin.com

Founders launch Plural: a €250m fund for fellow ‘Unemployables’ building Europe’s next generation of tech companies





LONDON--(BUSINESS WIRE)-- Plural , a new investment platform started by the founders and backers of Europe’s most significant tech companies, has unveiled today a €250m early stage venture fund (Plural Platform SCSp RAIF, “ Plural ”) to back the next generation of founders with global ambitions.

Set up by Ian Hogarth, Khaled Heloui, Sten Tamkivi and Taavet Hinrikus - with other recognised founders who will announce themselves soon - Plural is a scalable investment platform whose investors are exclusively former founders and operators with decades of company building experience.

Plural was founded because the Plural founders saw that across Europe the vast majority of investors lacked experience of building tech businesses. In Europe just 8% of investors are former operators, in contrast to more than half of tech investors in the US. Plural’s founders believe that the scar tissue from building tech companies is invaluable in helping the next generation of founders to build companies with global potential.

Plural’s intention is to be a more hands-on investor, with a focus on leading early stage rounds between €1 and €10m.

The Investment Manager’s investment committee have commented as follows:

Taavet Hinrikus, co-founder of Wise, said: “We’re the investors we would have liked to have when we were building our own companies. Founding a company is a craft and the best way to learn that craft is to work alongside those who have done it before.”

Ian Hogarth said: ‘We call experienced founders 'unemployables', because once you've experienced the intense authorship that comes with creating something new it's hard to work for anyone again. Plural was created to give unemployables a place to call home and put their entrepreneurial energy behind missions and founders they deeply believe in.”

Khaled Helioui said: “So much opportunity is left untapped today as exceptional founders often fail to meet standard investors’ pattern recognition criteria. Sadly investors lack the risk appetite needed to fulfill founders’ ambitions and consequently the full impact founders seek can not be realised. By changing the funding mechanisms that act as conservative gatekeepers today we can unlock so much potential.”

Sten Tamkivi said: “We are huge optimists for the potential of technology coming from Europe which can benefit the whole world, as well as improve the lives of people across the continent. We’ve already seen the real impact a well-funded startup scene can have on economies in small countries like Estonia — now it is time to scale this GDP level impact across the whole of Europe."

Between them Taavet, Sten, Ian and Khaled have founded four startups - Wise, Songkick, Teleport and Certific - and played a significant role in building three companies, including Skype, Bigpoint and Topia. All four operators turned investors have also been angel investing for years, with significant success. Companies in their portfolio include Deliveroo, Hopin, Pipedrive, Chorus, Uber, Zego and Bolt. As Plural, they have already invested in 14 companies including Feather , NFTport an NFT infrastructure company, energy storage company Field , metaverse company Ready Player Me and student banking challenger MOS .

About Plural : Set up by founders for founders, Plural is a €250m investment platform which is investing early stage venture capital in exceptional European tech companies. Its investors with scar tissue support founders to build tech companies that can make a GDP impact. https://pluralplatform.com Contacts

Antonella@Burlington.cc 07530815018

KuCoin Launches EUR Trading Pairs to Make Crypto Transactions Easier for European Markets





VICTORIA, Seychelles--(BUSINESS WIRE)-- KuCoin , a leading global cryptocurrency trading platform, will offer EUR trading against BTC , ETH and USDT as part of its expansion on the European market. New trading pairs will become available on the KuCoin spot market starting June 28, enabling crypto users to make instant conversions between Euros and cryptocurrencies.

By supporting these EUR fiat trading pairs, KuCoin strengthens its presence across the European crypto market, which continues to see strong growth. Lowering the barriers to buying cryptocurrency with fiat currencies is a crucial step in onboarding more traders looking to set up their crypto portfolios. The addition of EUR fiat trading pairs will also provide a better fiat-to-crypto trading experience with high liquidity and security for global crypto users.

On March 23, KuCoin launched SEPA Payments to provide the most straightforward fiat-to-crypto exchange experience. Through SEPA transfers, users can deposit EUR to their exchange account for any cryptocurrency-related purchase through the "Fast Buy" channel.

KuCoin CEO Johnny Lyu commented on the EUR pairs support, “The new EUR spot trading pairs in the fiat-to-crypto service deployed by KuCoin is another major milestone after the addition of BRL a week ago. We hope this will bring excellent convenience to our local users and those who prefer to use euro. It is extremely exciting to add two fiat currencies with spot trading pairs within such a short time, which also reflects the efficient implementation capability of KuCoin's strategic deployment this year. KuCoin strongly believes that providing a secure and stable bridge between fiat and cryptocurrencies will bring a better experience to crypto users, which is crucial for crypto mass adoption. In the nearest future, KuCoin plans to support more fiat trading pairs in the spot market thus becoming the best place to explore the crypto world with fiat for global users.”

On June 20, KuCoin added support for the Brazilian Real (BRL), which is now traded against USDT , BTC , and ETH through direct conversions on its spot market.

About KuCoin

Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 700 digital assets and currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 18 million users in 207 countries and regions.

In 2022, KuCoin raised over $150 million in investments through a pre-Series B round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. Forbes also named KuCoin one of the Best Crypto Exchanges in 2021. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts.

To find out more, visit https://www.kucoin.com . Contacts

Emma Haul media@kucoin.com

Vagaro and Thrivo Host Pride Party at First-Ever Metaverse Salon





DUBLIN, Calif.--(BUSINESS WIRE)--Vagaro and Thrivo recently announced they will co-host a free Pride celebration at the first-ever Metaverse salon on June 30th to officially close out Pride Month.

The virtual dance party will take place on the rooftop of the Thrivo Salon, located in the Fashion District of Decentraland, at 4pm PT/7pm ET.

Virtual partygoers can enjoy music and entertainment from a live DJ, and they will be able to interact and network with likeminded salon industry peers from across the nation during this innovative celebration of diversity.

“At Vagaro, and in the salon industry at its core, encouraging self-expression and embracing our differences is where we find strength and unity,” says Vagaro’s Vice President of Human Resources, Matthew Waggoner. “Recognizing Pride, especially in this unique way, is important to us.”

To join the celebration, attendees simply need a computer with internet access to access the Metaverse .

“We’re so excited to celebrate Pride in a way that has never really been done before in our industry,” says Vagaro’s Vice President of Marketing, Charity Hudnall.

“To be able to commemorate such a significant and worthy cause on a groundbreaking tech platform that can bring people from all over the country together at once is something we’re absolutely honored to be a part of,” Hudnall says.

Attendees can also claim and download the event’s free NFT wearable – a trendy “iconic pop” t-shirt ahead of Vagaro’s inaugural user conference, iconic.22 , taking place in September.

About Vagaro

Vagaro, Inc. is the leading business management and payment processing platform, and online marketplace for the beauty, fitness, and wellness industries. Service professionals in the United States, Canada, the United Kingdom and Australia use Vagaro to manage, market and grow their business. Consumers choose Vagaro to search for and book wellness services on any device. To learn more, visit Vagaro.com and https://sales.vagaro.com . Contacts

press@vagaro.com

Investment Platform Qooore Launches Paper Trading and Reveals New Name





SAN FRANCISCO--(BUSINESS WIRE)-- Qooore , the social investment platform for Gen Z, today announces the launch of paper trading in its iOS app, enabling users to carry out risk-free trades based on insights from leading finfluencers. To mark this exciting new chapter in the company’s development, Qooore is also rebranding as Qure.Finance, while reaffirming its focus on becoming the leading investment platform for Gen Z, with a total addressable market of $84 bln.

In addition to learning from trading insights from content creators, Qure.Finance users on iOS can now practice trading approximately 10,000 securities, including US stocks and ETFs, as well as more than 20 cryptocurrencies such as Bitcoin and Ethereum - without risking their money or needing to pay fees. Each Qure.Finance user will receive $100,000 in virtual money that they can use to make simulated trades on Qure.Finance’s app based on real-life market quotes. Qure.Finance users on Android will gain access to paper trading functionality in the coming months.

Qure.Finance is a great tool that enables beginner investors to learn the mechanics of trading by testing their own trading ideas, as well as those offered by creators. Paper trading will also allow Qure.Finance to more accurately measure the level of success of its content creators. The software update will now feature a leader board based on the overall profitability instead of percentage gain.

Qure.Finance CEO Igor Sheremet said:

“From day one, we have been committed to making investing accessible and easy-to-digest for Gen Z investors, who form a key component of the future investment community.

“Today marks a new chapter in our company’s development, as we launch paper trading under our new brand name. Thanks to paper trading, our users will not only be able to receive trading insights from leading content creators, but also test them out in real life, free of charge, with no financial risks attached - all within a sleek and user-friendly interface. We believe that paper trading will help to improve both the financial literacy and trading skills of our community.

“We are making investing solutions more accessible to everyone, regardless of their level of skills or financial resources.”

About Qure.Finance

Qure.Finance is a revolutionary investment platform that offers social-media style trading insights from global financial influencers to young investors. Specifically targeted at Gen Z, Qure.Finance is cutting through the corporate bluster to bring sound, accessible advice – and a platform for creating an effective investment plan – to a generation that has been largely ignored by the traditional institutions. The Company, which was founded in 2020 and is based in San Francisco, has recently announced the launch of paper trading, alongside its new brand name.

For more information, please visit Qure.Finance . Contacts

Media contacts Qure@snowhilladvisors.com

MarketVector Indexes Licenses Two Benchmark Rates to Coinbase



The Indexes are to underlie Coinbase’s Crypto Futures Offerings

FRANKFURT, Germany--(BUSINESS WIRE)--Today, MarketVector Indexes announced the licensing of the MarketVector Coinbase Bitcoin Benchmark Rate (ticker: CBBR) and the MarketVector Coinbase Ethereum Benchmark Rate (ticker: CETBR) , to crypto industry leader Coinbase. These indexes are the first to underlie Coinbase’s Derivatives Exchange’s latest Nano Bitcoin futures contract and future Ethereum product line.

“We are proud to launch our innovative new MarketVector Coinbase Bitcoin and Ethereum indexes, which will be the benchmark for Coinbase Derivatives Exchange’s new and forthcoming crypto futures contracts,” said Steven Schoenfeld, CEO of MarketVector Indexes. “We’re confident that the new Nano Bitcoin futures contract will help bring the utility and price discovery function to a broad new set of users.”

The indexes are designed to be a robust price for Bitcoin and Ethereum in USD, traded on the Coinbase Exchange and are calculated in USD as price return indexes.

“We're excited to be launching our crypto derivatives offering using MarketVector Indexes. As the world's most trusted crypto platform, it was essential for us to work with a partner who shares similar values,” said Boris Ilyevsky, Head of Coinbase’s Derivatives Exchange.

Detailed information about the index, including methodology details and index data, is available on the MarketVector Indexes website .

Key Index Features MarketVector Coinbase Bitcoin Benchmark Rate (ticker: CBBR) Number of Components: 1 Base Date: 31 December 2015 Base Value: 425.31

Key Index Features MarketVector Coinbase Ethereum Benchmark Rate (ticker: CETBR) Number of Components: 1 Base Date: 31 December 2017 Base Value: 724.29

About MarketVector Indexes - www.mvis-indices.com MarketVector Indexes GmbH develops, monitors and markets the MVIS® Indexes, a focused selection of pure-play and investable indexes. The introduction of MVIS® Indexes has expanded VanEck's successful brand from exchange-traded products to indexes, and the current portfolio of MarketVector Indexes reflects the company's in-depth expertise when it comes to emerging markets, hard assets, fixed income and special asset classes. Approximately USD 33.20 billion in assets under management are currently invested in financial products based on MVIS® indexes. MarketVector Indexes is a VanEck® Company. Contacts

Media Eunjeong Kang, MarketVector Indexes +49 (0) 69 4056 695 38 media-enquiries@mvis-indices.com Sam Marinelli, Gregory FCA on behalf of MarketVector Indexes 610-246-9928 sam@gregoryfca.com

CompoSecure Announces Inclusion in Russell 2000® and Russell 3000® Indexes



Addition to the Russell Indexes marks a significant milestone for the company

SOMERSET, N.J.--(BUSINESS WIRE)-- $CMPO #CardDesign -- CompoSecure, Inc. (Nasdaq: CMPO), a leading provider of premium financial payment cards and cryptocurrency storage and security solutions, today announced that it was added as a member of the US small-cap Russell 2000 ® and Russell 3000 ® Indexes maintained by FTSE Russell , effective after the U.S. market opens today as part of the 2022 Russell Index’s annual reconstitution.

“It’s an honor to be added to the Russell indexes, which validates the potential we believe investors see in CompoSecure’s innovative metal payment card offerings, and our Arculus security, authentication, and crypto cold storage suite of products,” said Jon Wilk, CEO of CompoSecure. “We deliver unique, premium branded experiences that enable people to securely access their financial and digital assets. Inclusion in such prominent indexes allows us to raise greater awareness of the value we deliver to our customers and millions of consumers around the world.”

Membership in the U.S. all-cap Russell 3000 ® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 ® Index or small-cap Russell 2000 ® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About FTSE Russell

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell’s expertise and products are used extensively by institutional and retail investors globally. Approximately $20 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. For more information on the Russell Indexes, please visit the FTS Russell website at www.ftserussell.com .

About CompoSecure

Founded in 2000, CompoSecure is a leading provider of premium financial payment cards and cryptocurrency and digital asset storage and security solutions. The company focuses on serving the affluent customers of payment card issuers worldwide using proprietary production methods that meet the highest standards of quality and security. The company offers secure, innovative, and durable proprietary products that implement leading-edge engineering capabilities and security. CompoSecure’s mission is to increase clients’ brand equity in the marketplace by offering products and solutions which differentiate the brands they represent, thus elevating cardholder experience. For more information, please visit www.composecure.com . Arculus™ was created with the mission to promote cryptocurrency adoption by making it safe, simple and secure for the average person to store, buy, swap, send and receive cryptocurrency. With a strong background in security hardware and financial payments, the Arculus™ solution was developed to allow people to use a familiar payment card form factor to manage their cryptocurrency. For more information, please visit www.GetArculus.com .

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements are based on various assumptions, whether or not identified in this Press Release, and on the current expectations of the Company’s management and are not predictions of actual performance. Although the Company believes that its plans, intentions, and expectations reflected in or suggested by these forward-looking statements are reasonable, the Company cannot assure you that it will achieve or realize these plans, intentions, or expectations. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning the Company’s possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. In some instances, these statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates” or “intends” or the negatives of these terms or variations of them or similar terminology. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements which speak only as of the date hereof. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company. You should understand that the following important factors, among others, could affect the Company’s future results and could cause those results or other outcomes to differ materially from those expressed or implied in the Company’s forward-looking statements: the ability of the Company to grow and manage growth profitably, maintain relationships with customers, compete within its industry and retain its key employees; the possibility that the Company may be adversely impacted by other economic conditions (including the rapidly evolving conflict between Russian and the Ukraine), business, and/or competitive factors; future exchange and interest rates; and other risks and uncertainties included under “Risk Factors” in the Company’s filings that have been made or will be made with the Securities and Exchange Commission from time to time. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that CompoSecure does not presently know or that CompoSecure currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. However, while CompoSecure may elect to update these forward-looking statements at some point in the future, the Company undertakes no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Contacts

Anthony Piniella 917-208-7724 apiniella@composecure.com

SRM Evolves Offerings and Approach with Its Digital Assets Advisory





MEMPHIS, Tenn.--(BUSINESS WIRE)--SRM (Strategic Resource Management), an independent advisory firm serving financial institutions across the U.S. and Europe, announced its Cryptocurrency Advisory Services offering has evolved and will feature a new name – Digital Assets Advisory Services. SRM has worked tirelessly over the last 18 months to provide education on digital assets and help financial institutions with strategic advice on vendor selection and key compliance considerations to minimize risk during integration. This pivot better reflects the current breadth of the space, the certainty of more innovation to come, and SRM's unique role as a trusted consultant in the decision-making process.

Digital assets, including cryptocurrencies, stablecoins, associated blockchain and digital ledger technologies (DLT), along with the evolution of decentralized finance (DeFi) and the emergence of tokenized assets, continue to grow in popularity, priority, and adoption. As such, SRM continues to expand its knowledge of this space and its consulting footprint to help financial institution clients make the best choices to meet their customers' and members' needs and expectations.

SRM is involved in a wide range of emerging digital technologies that impact not just retail banking, but include wealth management, trust, back-office banking, corporate lending, payments, and treasury.

"Our team has deep expertise in digital assets and we keep a close pulse on how the technology is evolving so that we can help financial institutions develop a comprehensive, innovative digital assets strategy to serve their customers and members better," said Larry Pruss, Managing Director of Digital Assets Advisory Services at SRM. "The evolution of our practice – including the name – is important to us, as it will better reflect the needs of our clients, our growing international presence, and our continued involvement in regulatory discussions."

About SRM

SRM (Strategic Resource Management) has helped 1,000+ financial institutions add more than $5 billion of value to their bottom line in areas such as payments, digital transformation, core processing, artificial intelligence, digital assets, and overall operating efficiency. SRM – now in its 30 th year in business – has lowered costs, created revenue opportunities, increased productivity, and provided a competitive edge for clients in an environment of constant and accelerating change. Visit www.srmcorp.com for more information and follow on LinkedIn and Twitter for timely and relevant insights. Contacts

Media Contacts Cristi Murray 650.339.2132 (m) cristi@williammills.com

Maggie Wise 678.781.7229 (o) 404.408.8608 (m) maggie@williammills.com

HCW Announces Hiring of Senior Analyst, Mike Colonnese





NEW YORK--(BUSINESS WIRE)--H.C. Wainwright & Co., LLC ("HCW"), a leading investment bank focused on capital markets and equity research, is pleased to announce Mike Colonnese has joined the firm’s Equity Research Department as a Senior Equity Analyst focusing on Cryptocurrency & Fintech. Mr. Colonnese is the latest addition to HCW’s dedicated and growing Cryptocurrency & Fintech coverage universe.

Mr. Colonnese joins HCW with over 13 years of experience in the financial services industry. Prior to joining the firm, Mike served as Director and Senior Equity Research Analyst at Cantor Fitzgerald, leading the firm's cryptocurrency and blockchain research efforts. Prior to Cantor, Mike served stints as an analyst at Bank of America, Wells Fargo, and Sidoti & Company where he covered companies in the Financial Technology, Traditional Financial and Consumer sectors, respectively. Mike began his career in private wealth management at Fidelity Investments, and earned his Bachelor's degree from the University of Connecticut and an MBA in Finance from Sacred Heart University. Mr. Colonnese is also a CFA Charterholder.

Mark Viklund, HCW's Chief Executive Officer, commented, "We are pleased to welcome Mike to our team at HCW and look forward to him contributing tremendously to what is already one of the largest Equity Research teams on the Street. His extensive industry knowledge will greatly enhance HCW’s ability to provide valuable insight to our clients.”

Dr. Joseph Pantginis, HCW’s Director of Research, added, “Mike is an important next step in our growing Crypto & Fintech franchise. While others have been pulling back, we continue to solidify our position as a leader in the space."

About H.C. Wainwright & Co.

H.C. Wainwright is a full‐service investment bank dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. H.C. Wainwright & Co. also provides research and sales & trading services to institutional investors. According to Sagient Research Systems, H.C. Wainwright’s team is ranked as the #1 Placement Agent in terms of aggregate CMPO (confidentially marketed public offering), RD (registered direct offering) and PIPE (private investment in public equity) executed cumulatively since 1998.

For more information, visit H.C. Wainwright & Co. on the web at www.hcwco.com Contacts

H.C. Wainwright & Co., LLC | 212‐356‐0500 | info@hcwco.com

Prosus delivers strong revenue growth with profitable core operations; announces open-ended share repurchase programme





AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (AEX: PRX) announced strong revenue growth with profitability in core operations for the year ending 31 March 2022.

Building on the prior year’s standout performance, the Group’s ecommerce portfolio delivered revenue growth of 51% 1 to US$9.8bn. This growth resulted from strong operational execution and momentum in all ecommerce segments despite the turbulent environment. While the segments demonstrated core profitability, overall trading profit was lower than last year, reflecting investment in scaling the large adjacent opportunities in the segments, which serve significant consumer needs.

Today, Prosus and Naspers announced the start of an open-ended share repurchase programme of Prosus and Naspers shares. This programme will be funded by regularly selling small numbers of Tencent shares and is designed to efficiently unlock immediate value for shareholders and increase NAV per share over time. The programme will be active as long as the discount to NAV is at elevated levels. Full details are available in the regulatory announcement on the Prosus website.

Looking ahead, the Group will continue disciplined investment into scaling out growth adjacencies to build bigger and more valuable businesses – they have good traction with consumers and high potential to generate sustainable returns over the long term. Reflecting market realities, investment will be balanced with a focus on reducing costs and driving profitability in the core, and setting even higher targets for M&A returns. The Group aims to bring the ecommerce portfolio to profitability in aggregate and to build significant additional value. Investment in existing businesses and in Prosus and Naspers shares is expected to create significant value for shareholders.

Headlines 1 Group revenue up 24% to US$35.6bn; Ecommerce revenue grew 51% to US$9.8bn with profitability in core operations. US$6.2bn invested to accelerate growth and scale adjacent opportunities; accordingly, overall Group trading profit reduced by 6% to US$5bn. Core Headline Earnings down 20% to US$3.7bn reflecting a lower contribution from Tencent, post the Group’s sale of 2% of its holdings in Tencent, increased investment in growth adjacencies and strategic M&A, and higher finance costs. Board and management focused on growing NAV and NAV per share overtime: Investing for growth and value creation across the portfolio US$6.2bn share repurchase executed during the year Announced start of open-ended share repurchase programme. Disposal of JD.comshares concluded, raising-piece of approximately US$3.7bn to enhance the Group’s credit profile and liquidity. Going forward, the Group will continue to build valuable companies and remains committed to better evidencing, and crystallising, the value of the Group’s ecommerce portfolio.

Bob van Dijk, Group CEO, Prosus and Naspers, commented:

“In FY22, we delivered strong growth and scale across our businesses, positioning them for continued growth. We invested in our segments and strategic M&A over the year, reflecting our belief in the potential of the businesses we are building. Looking ahead, we will seek to regularly crystallise the value that we are creating. Today, we have announced an open-ended share repurchase programme that will efficiently unlock value for shareholders and increase NAV per share at scale.”

Group performance 2 3 Group results FY2022 FY2021 YoY change Revenues US$35.6bn US$28.8bn 24% Trading profit US$5.0bn US$5.6bn -6% Core headline earnings US$3.7bn US$4.9bn -20% Ecommerce portfolio results Revenues US$9.8bn US$6.2bn 51% Trading loss US$1.1bn US$429m -<100% Classifieds Revenues US$3.0bn US$1.6bn 93% Trading profit US$25m US$9m -59% Food Revenues US$3.0bn US$1.5bn 77% Trading loss US$724m US$355m -84% Payments & Fintech Revenues US$796m US$577m 45% Trading loss US$60m US$68m 13% Education technology Revenues US$425m US$115m 55% Trading loss US$117m US$14m -<100%

Basil Sgourdos, Group CFO, Prosus and Naspers, commented:

“Ecommerce revenues were up 51% and this performance is set against a stand-out performance in the prior year and significant global volatility. The macro-economic and severe geopolitical challenges in the second half of the year have presented significant headwinds. But our operations remain strong, and with improved profitability at the core, we are investing to scale into adjacent opportunities across our segments. We believe that growth from the autos transaction businesses in Classifieds, broader on-demand delivery ecosystem in Food Delivery, credit and digital banking in Payments & Fintech, and new investments in Edtech will create significant value for the Group over time.”

“As part of our strategy to optimise our capital allocation, we purchased US$6.2bn of our own shares, which generated a meaningful enhancement to our NAV per share. We have also been active in the bond markets, raising US$9.3bn at attractive interest rates. The Group has a strong and liquid balance sheet, bolstered by the recent sale of our JD.com stake and we remain intent on maintaining our investment grade rating. Our solid financial footing positions us well for the challenging operating environment and the execution of our strategy.”

Strong and consistent performance in ecommerce Ecommerce revenues grew 51% to US$9.8bn, with robust growth across all key segments. This performance was led by 93% growth in Classifieds, 77% growth in Food Delivery, 55% growth in Edtech and 45% growth in Payments & Fintech.

Classifieds, as well as core payments, remain profitable, with trading profit of profitable ecommerce businesses increasing 17% to US$493m.

With strong operational execution, good consumer traction, and improving profitability in core operations, the Group increased investment to pursue opportunities for each segment. Extending into complementary adjacencies, areas of enhanced investment included autos transactions, credit and digital banking, and food, convenience and grocery delivery. Ecommerce losses of US$1.1bn reflect this investment. Approximately 65% of this loss is from associates within our investment portfolio and does not have a cash impact on the Group.

A detailed breakdown of the Net Asset Value of the Prosus portfolio, based on market consensus estimates, is on the Prosus website here .

Classifieds – OLX Group OLX delivered a strong performance for the year, as it expanded its direct-to-consumer autos transactions business and consumer financing, and reshaped its core Classifieds business by scaling pay-and-ship services.

Revenues increased 93% to US$3.0bn. OLX Autos contributed significantly to growth, with revenue of US$1.6bn, up 173% year-on-year. Trading profit increased slightly on the previous year at US$25m.

OLX Autos scaled operations significantly, with a record 175,000 autos transactions, up 79% on the prior year. In our core Classifieds business, we recorded growth across our key markets, with our monthly app user base rising 7% to 124 million, active listings growing 11% to 174 million and monthly paying listers increasing 10% to 4.1 million.

Food Delivery Our portfolio of food businesses is present in 57 countries. The segment has delivered good growth, as we continue to leverage our scale, logistics network and capabilities, and strong consumer relationships, which deliver a real competitive advantage. Gross merchandise value (GMV) grew 59%, with order growth of 53%, resulting in an increase in revenue of 77% to US$3.0bn.

The most significant businesses in the segment are iFood, Delivery Hero, and Swiggy. iFood, majority-owned by Prosus, grew GMV by 41% and revenue by 29%. iFood’s core restaurant business delivered a trading profit of US$10m.

Delivery Hero continued to deliver strong growth for its financial year ended 31 December 2021, with order growth of 57% and GMV increasing 62% to €35.4bn.

Swiggy has fully recovered from the impact of the COVID-19 pandemic, growing total orders by 55% and GMV by 76%. Swiggy’s total revenue grew 68%.

Scale and innovation are presenting meaningful opportunities to unlock adjacent business models in grocery delivery and quick commerce. The portfolio’s companies are building grocery delivery businesses on their restaurant delivery platforms, as they capitalise on the surge in demand from offline to online. While the quick commerce businesses grew orders by 109% and GMV by 207% during the year, the investment in these adjacencies has increased trading losses for the segment by 84%, to US$724m.

Payments & Fintech – PayU

PayU delivered solid results, with revenue growth across the portfolio. Total payment volume (TPV) reached US$78.5bn, up 47%, on the back of faster digitisation across PayU’s markets. Revenues grew 45% to US$796m, reflecting the strong performance in the India payments business and a strong recovery in credit. TPV in India grew 66%, to US$43.8bn and revenues increased 49% to US$304m, driven by merchant diversification. The core payments business remains profitable, with a trading profit of US$43m and a trading profit margin of 7%.

The Global Payments Operations, focused mainly in Europe and Latin America, delivered good growth. TPV grew 30% and revenues were up 29% to US$341m.

In August 2021, the acquisition of BillDesk in India for US$4.7bn was announced. Subject to regulatory approval, this would create a global top 10 online payments provider and the opportunity to expand deeper into credit and digital banking in India.

Edtech Edtech is a significant new segment in the Prosus Ecommerce portfolio. Technology is transforming the education sector and radically increasing access to learning across the world for many millions of people.

The segment grew strongly through the year, with revenue growing 55% to US$425m. Trading losses increased to US$117m, reflecting acquisitions and increased investment within the segment. During the year, the portfolio was expanded through strategic M&A, including a substantial stake in Skillsoft, the acquisition of Stack Overflow, and a controlling stake in GoodHabitz.

Reaching more than 500m users across 12 businesses, the segment covers the full span of learning from kindergarten through to grade 12 (K‒12), and beyond, into third- and enterprise-level education. Together, the portfolio’s investments in the workplace learning sector reach 90% of Fortune 100 companies. The reach of our K‒12 focused companies is illustrated by Brainly’s more than 300m monthly users and BYJU’S expansion beyond India during the year.

Prosus Ventures The Ventures team targets opportunities with the potential to fuel future waves of growth for the Group; both the Food Delivery and Edtech segments graduated from the Ventures portfolio.

During the financial year, Ventures invested around US$900m in 50 closed transactions across 34 companies. With more than 35 companies, the portfolio includes investments in the logistics, ecommerce, fintech, blockchain, agtech and sustainability sectors, among others. More than US$800m has been invested in India, reflecting the innovation and potential of that market.

Our impact Prosus is building a portfolio of asset-light, low carbon business models that enable us to combine our global reach with specialist and local expertise. Its businesses deliver positive impact for society and the planet by using technology to improve everyday life for billions of people. Examples include enabling a wider systemic transition to the circular economy, broader financial inclusion, improved access to education, and facilitating livelihoods.

Early in FY22, we committed to becoming carbon-neutral as a Group, which we achieved through both meaningful reductions and offsets from certified projects around the world that help drive social, economic, and environmental progress in local communities. We are working to reduce our corporate and group GHG footprint and decouple our operations and businesses from fossil fuels use, while setting groupwide, science-based multiyear targets that will drive our net-zero pathway. This is in line with the 2015 Paris Climate Agreement goal of keeping global warming to 1.5°C.

We continue to improve on our ESG reporting and transparency standards. In May 2022 we were included as one of the 25 constituents of the recently announced AEX ESG Index on the Euronext Amsterdam stock exchange. We are also included in the Dow Jones Sustainability Index Europe.

Through technology investments, we are also able to encourage entrepreneurs focused on solutions to help others. For example, assistive technologies can create barrier free access to people living with disabilities. In India, where there are more than 70m differently abled people, the Prosus Social Impact Challenge for Accessibility (SICA) provides an annual grant and mentorship to Indian start-ups with the most innovative and promising solutions in the assistive technology space. Launched in 2020, the winners of SICA 2021 were announced in December 2021.

For full details of the Group’s results, please visit www.prosus.com.

About Prosus:

Prosus is a global consumer internet group and one of the largest technology investors in the world. Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.

The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education technology sectors in markets including India and Brazil. Through its ventures team, Prosus invests in areas including health, logistics, blockchain, and social commerce. Prosus actively seeks new opportunities to partner with exceptional entrepreneurs using technology to improve people’s everyday lives.

Every day, billions of customers use the products and services of companies that Prosus has invested in, acquired or built, including 99minutos, Airmeet, Aruna, AutoTrader, Autovit.ro, Azos, BandLab, Bibit, Biome Makers, Borneo, Brainly, BUX, BYJU'S, Bykea, Captain Fresh, Codecademy, Collective Benefits, Creditas, DappRadar, DeHaat, Domofond.ru, dott, EduMe, ElasticRun, eMAG, Endowus, Eruditus, EVERY, Facily, Fashinza, Flink, Foodics, Good Glamm Group, GoodHabitz, GoStudent, Honor, iFood, Imovirtual, Klar, Kovi, LazyPay, letgo, Luno, Mensa Brands, Meesho, merXu, Movile, Oda, OLX, Otodom, OTOMOTO, PaySense, PayU, Pharmeasy, Platzi, Property24, Quick Ride, Red Dot Payment, Republic, Shipper, ShopUp, SoloLearn, Stack Overflow, Standvirtual, Superside, Swiggy, Thndr, Tonik, Ula, Urban Company, Wayflyer, and Wolt.

Hundreds of millions of people have made the platforms of Prosus’s associates a part of their daily lives. For listed companies where we have an interest, please see: Tencent, Delivery Hero, Remitly, Trip.com, Udemy, Skillsoft, Sinch, and SimilarWeb.

Today, Prosus companies and associates help improve the lives of more than two billion people around the world.

Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and secondary listings on the Johannesburg Stock Exchange (XJSE:PRX) and a2X Markets (PRX.AJ). Prosus is majority-owned by Naspers.

For more information, please visit www.prosus.com.

----------------------------

1 Growth percentages shown in local currency terms, adjusted for acquisitions and disposals. 2 Group results shown on economic-interest basis (i.e., including a proportionate consolidation of the contribution from associates and joint ventures). All growth percentages shown in this media release are shown in local currency terms, adjusted for acquisitions and disposals. 3 To reconcile revenue on an economic interest basis, with total consolidated revenue, see note 4, on page 33 of the Prosus summarised consolidated financial statements for the year ended 31 March 2022. Contacts

Eoin Ryan Head of Investor Relations Tel: +1 347-210-4305 Email: eoin.ryan@prosus.com

Shamiela Letsoalo Media Relations, South Africa Mobile: +27 78 802 6310 Email: shamiela.letsoalo@prosus.com

Charlie Pemberton Media Relations, International Mobile: +31 615 494 359 Email: charlie.pemberton@prosus.com

Flowdesk, the French Digital Asset Financial Technology Provider, Raises $30 Million to Expand Its Infrastructure and Trading Platform



Flowdesk announced that it has raised $30 million from leading investors such as Eurazeo, Aglaé Ventures, ISAI, Speedinvest, Fabric.vc, Ledger, and Coinbase, and 20 well-known business angels, including Alexandre Prot (Qonto), Nicolas Julia (Sorare), Pascal Gauthier (Ledger) and Sébastien Borget (The Sandbox). Founded in 2020, Flowdesk markets a crypto-asset trading solution and market-making services for web3 players, including cryptocurrency token issuers, and currently employs 35 people. Flowdesk was the first player offering crypto market-making activities to register with the AMF, the French financial markets authority. A status introduced by the PACTE law in 2019 and imposing, in particular, compliance with strict anti-money laundering and anti-terrorism financing (AML/CFT) rules. The startup is part of a market that is growing exponentially, with more than 10,000 cryptocurrencies listed in 2022, compared to only a few dozen in 2013. Its clients include more than 50 cryptocurrency token issuers, companies and investment funds.

PARIS--(BUSINESS WIRE)-- A trading infrastructure made in France

Active in the cryptocurrency sector for several years, the four co-founders of Flowdesk, Guilhem Chaumont, Paul Bugnot, François Cluzeau and Balthazar Giraux have been working in this sector since 2017 after careers in banking, algorithmic trading, engineering and entrepreneurship. During their respective experiences, they were marked by the siloing and fracturing of marketplaces and the technological barrier to properly handle the liquidity of crypto-asset projects. In 2020 they chose to develop an infrastructure that would allow them to interconnect and trade on these exchanges, while guaranteeing the redundancy and scalability needed to support the growing number of crypto projects.

An innovative product: Market-Making-as-a-Service (MMaaS)

Flowdesk is thus the originator of a trading infrastructure that allows interconnection with more than 60 cryptocurrency exchange platforms. A technology that its teams use on behalf of Flowdesk as well as for their clients and which allows them to offer four types of services: Asset management Brokerage Custody Market-making

Market-making is Flowdesk’s flagship service and its most differentiating product. It addresses the needs of the majority of the 10,000 cryptocurrency issuers with significant liquidity issues. By making its technology and traders available to these players, Flowdesk allows them to manage their cryptocurrency token liquidity themselves with their own funds. The service is called Market-Making-as-a-Service in reference to digital models based on simply providing technology to customers who commit their own resources.

A decisive fund-raising to change scale

Although Flowdesk’s team consisted only of its four co-founders at the beginning of 2021, the company now employs 35 people and plans to recruit to reach 100 employees before the end of 2022. A change of scale for which fundraising was necessary. Flowdesk is indeed facing an extremely strong demand in market-making and after having opened offices in Singapore in March 2022, is now targeting the United States to deploy sales and trading teams as well as legal compliance specialists, a particularly strategic topic for the company and its constantly changing regulatory market.

For Guilhem Chaumont, co-founder and CEO of Flowdesk: “This fundraising is a key step that will allow us to accelerate at all levels to meet the growing demand in Europe, Asia and North America. It will also give us the means to develop our technological infrastructure to meet the new needs that will emerge in market making. Our vision is that within 10 years a large proportion of assets will be tokenized using blockchain technology, which will require a rethinking of financial services with a more scalable and counterparty agnostic approach. We will have to scale up quickly to integrate this new financial situation.”

For Thomas Turelier, Vice President at Eurazeo: “An increasing number of companies are issuing tokens and are thus confronted with the complexity of managing a liquid asset in different markets. Most of these companies do not, however, see themselves as financial market professionals: they are technology providers, game developers... A financial infrastructure such as the one proposed by Flowdesk is therefore crucial to allow all these web3 players to develop with the least possible friction while trusting a regulated player aligned with its customers in terms of financial interests.”

For Cyril Guenoun, Partner at Aglaé Ventures: “We were convinced by Flowdesk’s positioning as a technology provider for cryptocurrency issuers. This emerging and fast-growing market needs scalable tools to ensure secure and sustainable development. The team has proven the robustness of its solution as well as a business model adapted to its customers. With an already international presence and strong speed of execution, Flowdesk has the means to drive the growth of financial services for cryptocurrencies.”

Innovating to empower customers

Another ambition of this fundraising is to continue to invest in innovation with the aim of developing a complete platform for Flowdesk’s clients, allowing them to carry out the simplest to the most complex trading operations themselves. A model that will contribute to Flowdesk’s position as a leader in Market-Making-as-a-Service.

About Flowdesk

Founded in 2020 by Guilhem Chaumont, Paul Bugnot, François Cluzeau and Balthazar Giraux, Flowdesk is a digital asset service provider registered in France with the Autorité des marchés financiers (AMF). Flowdesk is the originator of a trading infrastructure that allows interconnection with more than 60 cryptocurrency exchange platforms. The company offers four types of services: asset management, brokerage, custody and market-making. The company has offices in Paris and Singapore. More information on: Flowdesk

About Eurazeo

Eurazeo is a leading global investment group with more than €32bn under management and one of the most active tech investors in Europe. The group has backed ambitious entrepreneurs from Seed up to pre-IPO with investments in Onfido, Tink, Criteo, Talend, Swile, Mano Mano, Wefox, BackMarket, Payfit, Alma, GitGuardian, Doctolib, Contentsquare, Dataiku, Qonto and many more

About Aglae

Aglaé Ventures, the “tech” investment vehicle of Groupe Arnault, invests between €100k and €100m in fast-growing technology companies. Present in France and the United States, Aglaé Ventures focuses on SaaS software, marketplaces and content platforms. Companies supported by Aglaé Ventures include Airbnb, Algolia, Backmarket, Databricks, Lyft, Meero, Riskified, Slack and Spotify.

About ISAI

Launched in 2010, ISAI is the Tech Entrepreneurs’ Fund and brings together a community of over 350 entrepreneurs around the world. ISAI invests in differentiated projects ran by ambitious teams that it selects rigorously and actively supports. ISAI Gestion, with over €500 million under management, aims to finance and support high potential Tech companies, at the seed/post-seed stage or when they have already reached the break-even stage (Tech Growth/LBO). Contacts

PR CONTACTS: Flowdesk@wachsman.com

Prosus: Disposal of JD.com Shares Received From Tencent Holdings Limited





AMSTERDAM--(BUSINESS WIRE)--Prosus (Euronext Amsterdam: PRX; JSE: PRX) shareholders are advised that on 23 December 2021, the board of directors of Tencent Holdings Limited ( Tencent ), declared a special interim dividend in the form of a distribution in specie of Class A ordinary shares (the JD.com shares ) of JD.com, Inc. ( JD.com ), a company whose American depositary shares are listed on NASDAQ Global Select Market (stock symbol: JD, ISIN Code: US47215P1066) and whose shares are listed on The Stock Exchange of Hong Kong Limited ( HKEx ) (stock code: 9618), representing a majority of the JD.com shares held by Tencent (the JD.com in specie distribution ).

Prosus, through its subsidiary MIH TC Holdings Limited, received 131 873 028 JD.com shares under the JD.com in specie distribution, representing a c.4% effective interest in JD.com.

JD.com is a leading supply chain-based technology and service provider. Its e-commerce business includes online retail and online marketplace. In the online retail business, JD.com acquires products from suppliers and sells them directly to customers primarily through JD.com mobile apps and websites. In the online marketplace business, third-party merchants sell products to customers primarily through JD.com mobile apps and websites.

As JD.com does not form part of the group’s core strategic focus and the JD.com shares were received by the Prosus group as a result of the JD.com in specie distribution, the Prosus group implemented an orderly disposal of the JD.com shares on the open market. The JD.com shares were sold through an on-market orderly sales process comprising of a number of separate sales over time (the Disposal ).

The Disposal was not subject to any conditions precedent and concluded on 24 June 2022. Aggregate proceeds of approximately US$3.67bn were realized through the Disposal.

The aggregate proceeds of the Disposal after costs, fees and expenses will be retained by the Prosus group for general corporate and liquidity purposes.

The carrying value of the JD.com shares as at 31 March 2022, being Prosus's most recent reporting period, was approximately US$3.94bn. The profit after tax attributable to the JD.com shares for the twelve months ended 31 March 2022 was zero. The aforementioned information has been extracted from the full year financial information of Prosus for the twelve-month period ended 31 March 2022, prepared in accordance with International Financial Reporting Standards.

Amsterdam, the Netherlands 27 June 2022

JSE sponsor to Prosus Investec Bank Limited

About Prosus

Prosus is a global consumer internet group and one of the largest technology investors in the world. Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.

The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education technology sectors in markets including India and Brazil. Through its ventures team, Prosus invests in areas including health, logistics, blockchain, and social commerce. Prosus actively seeks new opportunities to partner with exceptional entrepreneurs using technology to improve people’s everyday lives.

Every day, billions of customers use the products and services of companies that Prosus has invested in, acquired or built, including 99minutos, Airmeet, Aruna, AutoTrader, Autovit.ro, Azos, BandLab, Bibit, Biome Makers, Borneo, Brainly, BUX, BYJU'S, Bykea, Captain Fresh, Codecademy, Collective Benefits, Creditas, DappRadar, DeHaat, Domofond.ru, dott, EduMe, ElasticRun, eMAG, Endowus, Eruditus, EVERY, Facily, Flink, Foodics, Good Glamm Group, GoodHabitz, GoStudent, Honor, iFood, Imovirtual, Klar, Kovi, LazyPay, letgo, Luno, Mensa Brands, Meesho, merXu, Movile, Oda, OLX, Otodom, OTOMOTO, PaySense, PayU, Pharmeasy, Platzi, Property24, Quick Ride, Red Dot Payment, Republic, Shipper, ShopUp, SoloLearn, Stack Overflow, Standvirtual, Superside, Swiggy, Thndr, Tonik, Ula, Urban Company, Wayflyer, and Wolt.

Hundreds of millions of people have made the platforms of Prosus’s associates a part of their daily lives. For listed companies where we have an interest, please see: Tencent, Delivery Hero, Remitly, Trip.com, Udemy, Skillsoft, Sinch, and SimilarWeb.

Today, Prosus companies and associates help improve the lives of more than two billion people around the world.

Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and secondary listings on the Johannesburg Stock Exchange (XJSE:PRX) and a2X Markets (PRX.AJ). Prosus is majority-owned by Naspers.

For more information, please visit www.prosus.com .

This announcement is for information purposes only and is not and does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction. This document and anything contained herein including any copy thereof may not be taken into or distributed, directly or indirectly, in or into the United States (including its territories and dependencies, any State of the United States and the District of Columbia), Canada or Japan or any other jurisdiction in which it would be prohibited or restricted by applicable law. Contacts

Enquiries

I nvestor Enquiries Eoin Ryan, Head of Investor Relations +1 347-210-4305

Media Enquiries Shamiela Letsoalo, Media Relations Director + 27 78 802 6310