PETALING JAYA, Aug 17 (Bernama) -- The Halal Development Corporation Berhad (HDC), an agency under the Ministry of Investment, Trade and Industry (MITI), continues to reinforce its role as the central agency in driving Malaysia’s halal industry development by facilitating strategic industry linkages that enhance market access and strengthen the national halal ecosystem.
As part of its ongoing efforts to advance Malaysia’s position as a global halal hub, HDC has successfully coordinated a targeted business matching initiative connecting Malaysian halal-certified suppliers with an international food and beverage brand, Owh My Duck (OMD), which is set to commence operations at Ombak KLCC in August 2026.
This initiative shows HDC’s mandate to develop a robust, inclusive and globally competitive halal value chain, ensuring that foreign market entrants are seamlessly integrated into Malaysia’s well-regulated halal ecosystem while creating tangible opportunities for domestic industry players, as prescribed in the Halal Industry Master Plan 2030.
An expansion of a Jakarta-based restaurant brand, OMD is entering the Malaysian market with a commitment to obtain Malaysia Halal Certification within its initial phase of operations. In supporting this process, HDC worked closely with relevant stakeholders, including Hartaniaga Capital Berhad and UOB Malaysia to ensure that sourcing requirements are aligned with Malaysia’s halal standards and ecosystem capabilities.
Through HDC’s facilitation, local halal-certified companies have been successfully identified to meet OMD’s operational needs, enabling the sourcing of a comprehensive range of halal-certified products and services from Malaysian suppliers.
In line with its data-driven approach, HDC leveraged its Halal Integrated Platform (HIP), a centralised industry database, to identify qualified suppliers and coordinate participation in the sourcing programme held recently at UOB Plaza 1, Kuala Lumpur. The programme recorded strong participation, with 204 Malaysian companies demonstrating readiness and capability to support international supply chain requirements.
This structured engagement shows the depth and maturity of Malaysia’s halal industry, spanning key segments such as fresh produce, poultry, dry goods, and value-added food products, further supporting the country’s capacity to support global halal businesses.
HDC Interim Chief Executive Officer, Hanisofian Alias said, “HDC’s role is to ensure that Malaysia’s halal ecosystem remains integrated, competitive and responsive to global market needs. Through platforms such as HIP, we can systematically connect international demand with domestic capabilities, ensuring that Malaysian halal industry players are positioned to benefit from global market opportunities.”
"Facilitating cross-border expansion requires a reliable and compliant network, and Malaysia's halal ecosystem provided exactly that," stated Dr. Shahril Nizam, CEO of Hartaniaga Capital Berhad. "Our strategic collaboration with HDC and UOB Malaysia has significantly expedited and simplified the entire facilitation process, making it much easier and faster to achieve our objectives. By partnering with them to match OMD with local suppliers and central kitchens, we have ensured OMD's seamless entry into Malaysia while creating a win-win scenario that perfectly balances international expansion with local market empowerment."
To further strengthen industry readiness, HDC also collaborated with UOB Malaysia under its Go Halal program, launched in October 2025, to support participating SMEs through capacity-building initiatives, advisory support and access to tailored financial solutions, enabling them to scale and meet international business requirements. This collaborative approach is a whole-of-ecosystem effort to enhance the competitiveness and resilience of Malaysian halal enterprises.
The initiative demonstrates Malaysia’s continued leadership as a premier halal hub, where strong governance, established standards and coordinated industry development efforts create a conducive environment for both local and international stakeholders.
ABOUT HALAL DEVELOPMENT CORPORATION BERHAD (HDC)
HDC spearheads the development of Malaysia's integrated and comprehensive halal ecosystem and infrastructure to position Malaysia as the most competitive country leading the global halal industry. Established on 18 September 2006, HDC is also known as the central coordinator that promotes participation and facilitates the growth of industry players in the development of Malaysia’s Halal ecosystem and The Secretariat of Majlis Pembangunan Industri Halal Malaysia. An agency under the Ministry of Investment, Trade and Industry (MITI); it is the world’s first Government-backed halal industry development corporation. For more information, please visit HDC at - www.hdcglobal.com.
SOURCE: Halal Development Corporation Berhad (HDC)
FOR MORE INFORMATION, PLEASE CONTACT:
HDC PR & Media
Name: Norsida Ahmad
Tel: +6012 3249703
Email norsida.ahmad@hdcglobal.com
--BERNAMA
Monday, August 17, 2026
Thursday, August 13, 2026
IHERB MARKS 30TH ANNIVERSARY WITH GLOBAL SALE, PLATFORM EXPANSION
KUALA LUMPUR, Aug 13 (Bernama) -- iHerb, a global eCommerce retailer of vitamins, minerals, supplements and health and wellness products, is celebrating its 30th anniversary with its biggest sales event of the year and the addition of 10 newly supported languages to its shopping platform.
In a statement, the company said the milestone comes as it serves well over 16 million customers across approximately 180 countries, reflecting growing consumer interest in proactive health and wellness.
The anniversary promotions will begin on Aug 19 ahead of the company's September anniversary, offering discounts of up to 30 per cent across more than 600 brands, alongside daily flash deals and other customer rewards.
iHerb Chief Executive Officer, Emun Zabihi said the company's 30-year milestone reflects the growth of its customers and team members, adding that it remains focused on improving the customer experience and investing in trust, access and convenience.
The platform's newly supported languages include European Spanish, European Portuguese, Georgian, Bosnian, Azerbaijani, Kazakh, Armenian, Farsi, Hindi and Cantonese, bringing its total language offerings to 46.
iHerb said each language experience is localised to enable customers across the Americas, Europe, the Middle East and Asia to browse products and complete purchases in their preferred language.
Founded in 1996, iHerb has grown from selling its first supplement online from an apartment in Pasadena, California, into a global direct-to-consumer wellness platform, supported by a logistics network of climate-controlled and GMP and/or ISO-compliant facilities.
-- BERNAMA
In a statement, the company said the milestone comes as it serves well over 16 million customers across approximately 180 countries, reflecting growing consumer interest in proactive health and wellness.
The anniversary promotions will begin on Aug 19 ahead of the company's September anniversary, offering discounts of up to 30 per cent across more than 600 brands, alongside daily flash deals and other customer rewards.
iHerb Chief Executive Officer, Emun Zabihi said the company's 30-year milestone reflects the growth of its customers and team members, adding that it remains focused on improving the customer experience and investing in trust, access and convenience.
The platform's newly supported languages include European Spanish, European Portuguese, Georgian, Bosnian, Azerbaijani, Kazakh, Armenian, Farsi, Hindi and Cantonese, bringing its total language offerings to 46.
iHerb said each language experience is localised to enable customers across the Americas, Europe, the Middle East and Asia to browse products and complete purchases in their preferred language.
Founded in 1996, iHerb has grown from selling its first supplement online from an apartment in Pasadena, California, into a global direct-to-consumer wellness platform, supported by a logistics network of climate-controlled and GMP and/or ISO-compliant facilities.
-- BERNAMA
Tuesday, August 11, 2026
MAVENIR APPOINTS JITIN BHANDARI AS EVP TO LEAD NEOCLOUD EXPANSION
KUALA LUMPUR, Aug 11 (Bernama) -- Mavenir has appointed Jitin Bhandari as Executive Vice President (EVP), NeoCloud Platform and Forward Deployment Engineering.
Mavenir in a statement said Bhandari will lead the company’s expansion into the growing NeoCloud market and establish a Forward Deployment Engineering practice serving its communications service provider and NeoCloud customer base.
He will report to the company’s President and Chief Executive Officer, Pardeep Kohli.
The appointment follows Mavenir’s recently announced AI-Integrated Platform and AI Service Assurance framework for communications service providers as the company extends its artificial intelligence (AI) platform, tools and cloud-native expertise to NeoCloud providers.
Kohli said Bhandari brings deep technical expertise, experience in scaling software portfolios and a vision for AI that will help the company expand its AI platform and capabilities into new markets and use cases.
Meanwhile, Bhandari said Mavenir is well positioned to lead the transition towards AI-by-design and agentic operations, adding that he looks forward to expanding the company’s AI platform, tools and Forward Deployment Engineering capabilities for communications service providers, NeoCloud providers and enterprises worldwide.
Bhandari joins Mavenir from Nokia, where he most recently served as Chief Technology Officer for Cloud and Network Services, overseeing technology strategy and innovation in cloud-native and AI-powered networking solutions.
He previously held executive positions at Nokia, including Chief Product Officer for Core Network Applications and Vice President and General Manager of Digital Networks. Earlier in his career, he held leadership roles at Oracle, Acme Packet and Alcatel-Lucent.
-- BERNAMA
Mavenir in a statement said Bhandari will lead the company’s expansion into the growing NeoCloud market and establish a Forward Deployment Engineering practice serving its communications service provider and NeoCloud customer base.
He will report to the company’s President and Chief Executive Officer, Pardeep Kohli.
The appointment follows Mavenir’s recently announced AI-Integrated Platform and AI Service Assurance framework for communications service providers as the company extends its artificial intelligence (AI) platform, tools and cloud-native expertise to NeoCloud providers.
Kohli said Bhandari brings deep technical expertise, experience in scaling software portfolios and a vision for AI that will help the company expand its AI platform and capabilities into new markets and use cases.
Meanwhile, Bhandari said Mavenir is well positioned to lead the transition towards AI-by-design and agentic operations, adding that he looks forward to expanding the company’s AI platform, tools and Forward Deployment Engineering capabilities for communications service providers, NeoCloud providers and enterprises worldwide.
Bhandari joins Mavenir from Nokia, where he most recently served as Chief Technology Officer for Cloud and Network Services, overseeing technology strategy and innovation in cloud-native and AI-powered networking solutions.
He previously held executive positions at Nokia, including Chief Product Officer for Core Network Applications and Vice President and General Manager of Digital Networks. Earlier in his career, he held leadership roles at Oracle, Acme Packet and Alcatel-Lucent.
-- BERNAMA
SPACE42, AUTONOMOUS A2Z SIGN US$7 MLN AGREEMENT FOR UAE LEVEL-4 MOBILITY
KUALA LUMPUR, Aug 11 (Bernama) -- Space42, a United Arab Emirates (UAE)-based artificial intelligence (AI)-powered SpaceTech company, and South Korea’s Autonomous A2Z (A2Z) have signed a US$7 million commercial agreement to deploy Level-4 autonomous mobility solutions in the UAE. (US$1=RM4.09)
In a statement, the company said this is the first commercial agreement under the two companies’ broader partnership and is a direct supply contract separate from the joint venture announced in 2025 to support the long-term commercialisation of intelligent mobility solutions in the UAE.
The agreement combines A2Z’s Level-4 autonomous driving technology with Space42’s AI, geospatial and connectivity capabilities. For A2Z, the agreement marks a step in its international expansion, while Space42 said it advances its efforts to enable safe and reliable driverless vehicle operations at scale.
Space42 chief executive officer (CEO) of Smart Solutions, Hasan Al Hosani said autonomous mobility is critical infrastructure for smart city development and that the UAE has created conditions for its integration into everyday transport.
Meanwhile, A2Z CEO, Han Ji-hyung said the agreement demonstrates that autonomous driving technology developed and validated in South Korea is ready for international deployment.
Pilot robo-shuttle services using A2Z’s ‘ROii’, along with other modified and retrofitted autonomous vehicles, will undergo operational testing and demand assessment. The companies expect the rollout to expand into demand-responsive transport (DRT) and tourism shuttle operations.
The project aligns with the UAE’s broader efforts to advance AI-enabled transportation and intelligent mobility under its National Smart Mobility Strategy.
Space42 said its mobility portfolio includes TXAI, an autonomous taxi service that has travelled more than 600,000 kilometres (km) across 20,000 trips with zero recorded accidents since operations began in 2021.
A2Z has conducted autonomous driving trials across 13 cities and provinces in South Korea and operates 91 permitted autonomous vehicles with over 1.02 million km of cumulative driving experience. Commercial execution of the agreement was led by Autonomous to Global (A2G), A2Z’s Singapore-based joint venture with Kilsa Global.
-- BERNAMA
In a statement, the company said this is the first commercial agreement under the two companies’ broader partnership and is a direct supply contract separate from the joint venture announced in 2025 to support the long-term commercialisation of intelligent mobility solutions in the UAE.
The agreement combines A2Z’s Level-4 autonomous driving technology with Space42’s AI, geospatial and connectivity capabilities. For A2Z, the agreement marks a step in its international expansion, while Space42 said it advances its efforts to enable safe and reliable driverless vehicle operations at scale.
Space42 chief executive officer (CEO) of Smart Solutions, Hasan Al Hosani said autonomous mobility is critical infrastructure for smart city development and that the UAE has created conditions for its integration into everyday transport.
Meanwhile, A2Z CEO, Han Ji-hyung said the agreement demonstrates that autonomous driving technology developed and validated in South Korea is ready for international deployment.
Pilot robo-shuttle services using A2Z’s ‘ROii’, along with other modified and retrofitted autonomous vehicles, will undergo operational testing and demand assessment. The companies expect the rollout to expand into demand-responsive transport (DRT) and tourism shuttle operations.
The project aligns with the UAE’s broader efforts to advance AI-enabled transportation and intelligent mobility under its National Smart Mobility Strategy.
Space42 said its mobility portfolio includes TXAI, an autonomous taxi service that has travelled more than 600,000 kilometres (km) across 20,000 trips with zero recorded accidents since operations began in 2021.
A2Z has conducted autonomous driving trials across 13 cities and provinces in South Korea and operates 91 permitted autonomous vehicles with over 1.02 million km of cumulative driving experience. Commercial execution of the agreement was led by Autonomous to Global (A2G), A2Z’s Singapore-based joint venture with Kilsa Global.
-- BERNAMA
Tony Lin Appointed as CEO of Generali Life Insurance Malaysia Berhad
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| Generali Malaysia today announced the appointment of Tony Lin as Chief Executive Officer of Generali Life Insurance Malaysia Berhad. |
KUALA LUMPUR, Aug 10 (Bernama) -- Generali Malaysia today announced the appointment of Tony Lin as Chief Executive Officer of Generali Life Insurance Malaysia Berhad.
The appointment follows a period in which Tony served as Officer-in-Charge of the life insurance business, having stepped into the interim role after the departure of former CEO Soo Wai Har. During his tenure as the Officer-in-Charge, he provided steady leadership and continuity for the life insurance business, ensuring the company remained focused on its strategic priorities and commitments to policyholders.
In his new role, Tony will report to Fabrice Benard, CEO of Generali Insurance Malaysia Berhad and Country Head of Generali Entities in Malaysia and will be responsible for driving the life insurance business’s growth agenda, operational excellence, customer-centric innovation.
“Congratulations to Tony on his appointment as the Chief Executive Officer of Generali Life Insurance Malaysia Berhad. Tony has demonstrated strong financial acumen and steady leadership during his time as Officer-in-Charge, and his deep understanding of our business gives us great confidence in this transition. I look forward to working closely with him as we continue to accelerate growth and deliver on our promise to be a Lifetime Partner to our customers,” said Fabrice Benard, CEO of Generali Insurance Malaysia Berhad and Country Head of Generali Entities in Malaysia.
Tony joined Generali Life Insurance Malaysia Berhad in February 2024 as Chief Financial Officer, bringing with him over 25 years of experience in the financial services industry across insurance and takaful. Prior to that, he served as Chief Financial Officer of Hong Leong MSIG Takaful from October 2018 to February 2024. He has also held senior finance and audit roles in various domestic and multinational life insurance companies in Malaysia.
Tony's appointment reflects Generali Malaysia's commitment to strong internal leadership succession and continued focus on delivering sustainable growth for its life insurance business.
SOURCE: Generali Insurance Malaysia Berhad
FOR MORE INFORMATION, PLEASE CONTACT:
Media Relations
Name: Sheena Ho
Email: sheena.ho@generali.com.my
Name: Samantha David
Email: samantha.david@generali.com.my
--BERNAMA
Monday, August 10, 2026
BASF PETRONAS Chemicals Welcomes More Than 1,500 Visitors at Open Day & Global Safety Days 2026
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| The official launch of Open Day & Global Safety Days 2026 was commemorated with a tree-planting ceremony, symbolising the growth of a strong safety culture and sustainable future. |
KUANTAN, Malaysia, Aug 10 (Bernama) -- BASF PETRONAS Chemicals (BPC) successfully hosted its Open Day & Global Safety Days 2026 at the Kuantan Verbund Site, bringing together more than 1,500 visitors comprising employees and their families, government representatives, local authorities, industry partners, community members, and other key stakeholders.
Held under the theme "Jejak Kimia Di Desa Halaman: Think Safe, Act Safe, Win Together", the event underscored BPC's commitment to strengthening its safety culture, fostering transparency, and building meaningful relationships with stakeholders and the local community.
The event was officially inaugurated by YBrs. Tuan Ahmad Fauzi bin Awang, Pengarah Jabatan Keselamatan dan Kesihatan Pekerjaan (JKKP) Pahang, demonstrating the strong partnership between industry and regulators in advancing workplace safety excellence.
Among the key invitees were representatives from Majlis Bandaraya Kuantan (MBK), government agencies, industry partners, community leaders, educational institutions, and neighbouring communities, reflecting the broad stakeholder ecosystem that contributes to the company's long-term success.
Combining BPC's annual Global Safety Days celebration with its Open Day programme, the event provided visitors with a unique opportunity to gain deeper insights into the company's operations, safety standards, sustainability initiatives, and contributions to the economic and social development of the region.
The kampung-inspired "Desa Halaman" concept created a welcoming and inclusive environment that resonated with visitors of all ages. Throughout the day, participants enjoyed a variety of educational, interactive, and family-oriented activities designed to promote safety awareness while strengthening community connections.
Event Highlights
• Guided plant bus tours offering firsthand insights into BPC's operations and safety practices.
• Process and technology exhibitions showcasing BPC's manufacturing capabilities, products, and innovations.
• Hands-on STEM and Kids Lab activities aimed at inspiring young minds through science and engineering.
• ESG and sustainability showcases demonstrating BPC's commitment to responsible business practices.
• Global Safety Days exhibitions promoting safety awareness through showcases by government agencies and industry partners.
• Emergency response and safety demonstrations highlighting preparedness and operational excellence.
• Traditional games, cultural activities, food stalls, and family-friendly attractions that encouraged employee engagement and community bonding.
Speaking at the event, Tan Aik Meam, Managing Director of BASF PETRONAS Chemicals, said: "Events like Open Day and Global Safety Days allow us to engage openly with our stakeholders, reinforce our unwavering commitment to safety through interactive learning and meaningful experiences, and showcase how Chemistry Drives Sustainability through the work we do every day."
The event highlighted how Chemistry Drives Sustainability at BASF PETRONAS Chemicals through innovation, responsible operations, and community engagement. It also reaffirmed the company's commitment to safety, transparency, and meaningful stakeholder partnerships. As BPC looks to the future, it will continue fostering collaboration with employees, regulators, industry partners, and local communities to create lasting value through safe, sustainable, and responsible growth.
About BASF PETRONAS Chemicals Sdn. Bhd.
BASF PETRONAS Chemicals Sdn. Bhd. is a Malaysia-based joint venture between BASF and PETRONAS Chemicals Group Berhad (PCG) a subsidiary of Petroliam Nasional Berhad (PETRONAS), Malaysia’s fully integrated oil and gas multinational. Incorporated in 1997, the company operates an integrated Verbund site situated in the Gebeng Industrial Zone, Kuantan, Pahang. The company’s share capital is 60% held by BASF and 40% held by PCG. Key products include acrylic monomers, oxo products, 2-ethylhexanoic acid, highly reactive polyisobutene and aroma ingredients.
For more information, visit our website www.basf-petronas.com.my.
SOURCE: BASF PETRONAS Chemicals Sdn. Bhd.
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Sow Kheng Lee
Tel: +60 9585 5035 / +60 12 983 0250
Email: sowkheng.lee@basf-petronas.com.my
--BERNAMA
AM BEST: RECORD REINSURANCE CAPITAL TESTS UNDERWRITING DISCIPLINE
KUALA LUMPUR, Aug 10 (Bernama) -- Global reinsurers are facing increased pressure on pricing as strong earnings since 2023 have driven capital to record levels, raising questions over whether underwriting discipline can be maintained amid growing competition, according to a new report by AM Best.
The Best’s Market Segment Report, titled “Global Reinsurance at an Inflection Point: Can Discipline Survive the Temptation of Record Capital?”, stated that the global non-life reinsurance segment continues to benefit from strong capitalisation, favourable earnings generation and supportive market conditions.
However, growing competition is putting pressure on reinsurance pricing, particularly in property lines. Unlike previous hard markets, capital has largely accumulated within existing organisations rather than through a wave of new entrants, giving reinsurers multiple opportunities to deploy capital.
According to the report, casualty reinsurance is also emerging as an important strategic concern, with some reinsurers pursuing growth opportunities supported by enhanced rates, while others remain cautious amid uncertainty surrounding social inflation, litigation funding, larger jury awards and adverse legal environments.
“Casualty exposures often develop over many years, meaning that decisions being made today may not be fully understood until well into the next decade,” said AM Best director, Dan Hofmeister in a statement.
AM Best expects the non-life reinsurance market to maintain favourable earnings profiles barring an outsized catastrophe event, but says the ability to preserve underwriting discipline and pricing integrity amid record capital will be critical to sustaining recent profitability.
The report also noted that reinsurance renewal trends intensified during the April and midyear renewals, with United States (US) property catastrophe placements, led by Florida, recording widely estimated reductions of 15 per cent to 20 per cent.
Meanwhile, US and Bermuda reinsurers have improved their combined ratios to the mid-80s to low-90s range under US generally accepted accounting principles (GAAP) from an underwriting loss position in 2020.
Artificial intelligence (AI) is also increasingly expected to become a differentiating factor for reinsurers that successfully integrate the technology, although limited and inconsistent data can constrain model effectiveness while increasing exposure to cyber and systemic risks.
-- BERNAMA
Saturday, August 8, 2026
Hong Kong Cyclothon Returns With Scenic Routes
KUALA LUMPUR, Aug 5 (Bernama) -- The Hong Kong Tourism Board (HKTB) has announced the return of Sun Hung Kai Properties Hong Kong Cyclothon (Hong Kong Cyclothon) on Oct 11.
Organised by HKTB, Hong Kong’s largest annual cycling event will feature two scenic rides, a 56-kilometre (km) Ride and a 32km Ride, inviting visitors and cycling enthusiasts worldwide to experience a unique journey across the city’s iconic bridges, tunnels and urban landscapes.
Registration for the event will open on Aug 20, with participants invited to secure their spots for a distinctive cycling experience while immersing themselves in the vibrant energy of the Events Capital of Asia.
In a statement, HKTB said the event would allow visitors to discover Hong Kong’s appeal as a dynamic metropolitan destination, where urban excitement meets breathtaking natural landscapes and a wide range of outdoor adventures.
More than 6,000 cyclists worldwide are expected to set off from the West Kowloon Cultural District, passing through multiple Hong Kong landmarks along major roads while taking in the city’s distinctive scenery, which blends a dynamic metropolis with a picturesque harbour.
The 56km Ride, featuring an all-new route, and the shorter 32km Ride will offer participants the rare opportunity to cycle on major roads closed to all traffic, allowing them to enjoy the thrill of riding through Hong Kong’s bustling cityscape.
Beyond the cycling routes, the HKTB will host an action-packed Cyclothon Carnival at the West Kowloon Cultural District on event day, featuring activities spanning sports, entertainment, family-friendly experiences and gourmet offerings for cyclists, visitors and locals.
The tourism board added that autumn is one of the best times to visit Hong Kong due to its mild and pleasant weather. Beyond the Hong Kong Cyclothon, visitors can explore the city’s spectacular natural landscapes and geological wonders through outdoor experiences ranging from hiking trails and scenic islands to coastal attractions and water sports.
With its unique combination of urban vibrancy and natural beauty, Hong Kong offers visitors the opportunity to transition from the city centre to tranquil outdoor surroundings in less than an hour, showcasing experiences found “Only in Hong Kong”.
-- BERNAMA
Friday, August 7, 2026
AM Best Upgrades Fortegra Insurance Subsidiaries to A (Excellent)
Rating actions follow completion of the DB Insurance acquisition
JACKSONVILLE, Fla., Aug 7 (Bernama-BUSINESS WIRE) -- The Fortegra Group, Inc. (“Fortegra” or the “Company”), a global specialty insurer and part of DB Insurance Co., Ltd., today announced that AM Best has upgraded the Financial Strength Rating (FSR) of its insurance subsidiaries to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “a” (Excellent) from “a-” (Excellent). The outlook assigned to the ratings is stable, and AM Best removed the ratings from under review with positive implications. KBRA has also upgraded all of its ratings for the Company.
The upgrade applies across Fortegra’s insurance platform. The property and casualty companies include Lyndon Southern Insurance Company, Insurance Company of the South, Response Indemnity Company of California, Blue Ridge Indemnity Company, Fortegra Specialty Insurance Company and Fortegra Europe Insurance Company SE. The life and health companies include Life of the South Insurance Company, Bankers Life Insurance Company of Louisiana and Southern Financial Life Insurance Company. AM Best also upgraded Fortegra Belgium Insurance Company NV, Fortegra Insurance UK Ltd. and Fortegra Indemnity Insurance Company, Ltd.
The rating action follows DB Insurance’s acquisition of Fortegra on May 29, 2026. In its analysis, AM Best cited Fortegra’s strategic importance to DB Insurance and the expected advantages of operating as part of a larger, higher-rated insurance organization. DB Insurance holds an FSR of A+ (Superior) and a Long-Term ICR of “aa-” (Superior), each with a stable outlook, and is one of Korea’s leading non-life insurers.
KBRA separately upgraded all of its ratings for Fortegra and removed them from Watch Developing, where they were placed on Sept. 29, 2025, following DB Insurance’s announcement that it intended to acquire the Company. The insurance financial strength ratings of Fortegra’s key insurance subsidiaries moved to A from A-, and the issuer rating for The Fortegra Group moved to BBB+ from BBB. All ratings carry a Stable outlook. KBRA cited Fortegra’s underwriting results, the strengthening of its credit profile and the strategic benefits of the completed acquisition.
About Fortegra
For more than 45 years, Fortegra, via its subsidiaries, has underwritten risk management solutions that help people and businesses succeed in the face of uncertainty. As a multinational specialty insurer whose insurance subsidiaries have an A.M. Best Financial Strength Rating of A (Excellent) and an A.M. Best Financial Size Category of ‘X’, we offer a diverse set of admitted and excess and surplus lines insurance products and warranty solutions. For more information: www.fortegra.com.
About DB Insurance
For more than six decades, DB Insurance Co., Ltd. has built a strong foundation as one of Korea’s leading insurers, protecting individuals and businesses while driving the advancement of the nation’s insurance industry. Founded in 1962 as Korea’s first public automobile insurer, the company adopted the name DB Insurance in 2017 to embody its vision of becoming a global insurance group. With an A.M. Best Financial Strength Rating of A+ (Superior) with Financial Size Category of ‘XV’ and S&P Rating A+ (Stable), DB Insurance provides a comprehensive portfolio of general, long-term, and automobile insurance, along with a broad range of financial services through its subsidiaries in life insurance, securities, savings banking, and asset management. For more information: www.idbins.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260804451520/en/
Contact
Vijaya Singh, Fortegra
vsingh@fortegra.com
Katie Butler, Aartrijk
katie@Aartrijk.com
Source : The Fortegra Group, Inc.
JACKSONVILLE, Fla., Aug 7 (Bernama-BUSINESS WIRE) -- The Fortegra Group, Inc. (“Fortegra” or the “Company”), a global specialty insurer and part of DB Insurance Co., Ltd., today announced that AM Best has upgraded the Financial Strength Rating (FSR) of its insurance subsidiaries to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “a” (Excellent) from “a-” (Excellent). The outlook assigned to the ratings is stable, and AM Best removed the ratings from under review with positive implications. KBRA has also upgraded all of its ratings for the Company.
The upgrade applies across Fortegra’s insurance platform. The property and casualty companies include Lyndon Southern Insurance Company, Insurance Company of the South, Response Indemnity Company of California, Blue Ridge Indemnity Company, Fortegra Specialty Insurance Company and Fortegra Europe Insurance Company SE. The life and health companies include Life of the South Insurance Company, Bankers Life Insurance Company of Louisiana and Southern Financial Life Insurance Company. AM Best also upgraded Fortegra Belgium Insurance Company NV, Fortegra Insurance UK Ltd. and Fortegra Indemnity Insurance Company, Ltd.
The rating action follows DB Insurance’s acquisition of Fortegra on May 29, 2026. In its analysis, AM Best cited Fortegra’s strategic importance to DB Insurance and the expected advantages of operating as part of a larger, higher-rated insurance organization. DB Insurance holds an FSR of A+ (Superior) and a Long-Term ICR of “aa-” (Superior), each with a stable outlook, and is one of Korea’s leading non-life insurers.
KBRA separately upgraded all of its ratings for Fortegra and removed them from Watch Developing, where they were placed on Sept. 29, 2025, following DB Insurance’s announcement that it intended to acquire the Company. The insurance financial strength ratings of Fortegra’s key insurance subsidiaries moved to A from A-, and the issuer rating for The Fortegra Group moved to BBB+ from BBB. All ratings carry a Stable outlook. KBRA cited Fortegra’s underwriting results, the strengthening of its credit profile and the strategic benefits of the completed acquisition.
About Fortegra
For more than 45 years, Fortegra, via its subsidiaries, has underwritten risk management solutions that help people and businesses succeed in the face of uncertainty. As a multinational specialty insurer whose insurance subsidiaries have an A.M. Best Financial Strength Rating of A (Excellent) and an A.M. Best Financial Size Category of ‘X’, we offer a diverse set of admitted and excess and surplus lines insurance products and warranty solutions. For more information: www.fortegra.com.
About DB Insurance
For more than six decades, DB Insurance Co., Ltd. has built a strong foundation as one of Korea’s leading insurers, protecting individuals and businesses while driving the advancement of the nation’s insurance industry. Founded in 1962 as Korea’s first public automobile insurer, the company adopted the name DB Insurance in 2017 to embody its vision of becoming a global insurance group. With an A.M. Best Financial Strength Rating of A+ (Superior) with Financial Size Category of ‘XV’ and S&P Rating A+ (Stable), DB Insurance provides a comprehensive portfolio of general, long-term, and automobile insurance, along with a broad range of financial services through its subsidiaries in life insurance, securities, savings banking, and asset management. For more information: www.idbins.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260804451520/en/
Contact
Vijaya Singh, Fortegra
vsingh@fortegra.com
Katie Butler, Aartrijk
katie@Aartrijk.com
Source : The Fortegra Group, Inc.
Wednesday, August 5, 2026
MOOVE RAISES US$250 MLN TO SCALE AUTONOMOUS MOBILITY
KUALA LUMPUR, Aug 5 (Bernama) -- Moove, a global mobility technology company, has raised US$250 million in a Series C funding round that values the company at US$2.1 billion, led by Mubadala Investment Company and co-led by Woven Capital, Toyota’s Growth Fund, and Ion Pacific. (US$1=RM4.09)
The funding will support Moove’s expansion of its autonomous vehicle business, including fleet ownership, autonomous vehicle infrastructure and its robotics-focused depot facilities known as “Nests”, where autonomous fleets are charged, serviced, maintained and managed.
The company also plans to expand into new markets and increase its autonomous vehicle workforce from about 150 employees to 500 by the end of the year.
Moove Co-Founder, Co-Chief Executive Officer and Advisory Board Chairman, Ladi Delano said the company is building the infrastructure needed to support autonomous mobility at scale.
“Autonomy requires fleets, charging, maintenance, data systems and 24/7 operations in every city — and that is what Moove is building,” he said in a statement.
Moove said scaling autonomous mobility requires more than vehicle technology, including access to capital, fleet operations, charging infrastructure, maintenance capabilities and operational systems. The company is building an infrastructure layer designed to support the deployment and management of autonomous transportation networks.
Since its founding in 2020, Moove has developed a mobility operations platform for human-driven ride-hailing services and now operates about 42,000 vehicles across 29 cities in 13 countries. It employs 3,300 people globally and has grown to US$420 million in annual recurring revenue (ARR) through organic expansion and acquisitions, including Kovi in Brazil and Tokyo Taxi in Japan.
Moove is extending its fleet management and operational expertise into autonomous mobility, where it operates autonomous vehicle fleets through its partnership with Waymo in Phoenix and Miami, with future operations planned in London.
The company said it is applying its experience in fleet orchestration, operations, servicing, charging and logistics to support the deployment of next-generation autonomous vehicle systems.
-- BERNAMA
DARWINBOX UNVEILS AI-NATIVE HCM PLATFORM CORTEX
KUALA LUMPUR, Aug 5 (Bernama) -- Darwinbox, a human capital management (HCM) platform, has unveiled Darwinbox Cortex, the artificial intelligence (AI)-native HCM platform rebuilt from the ground up for AI.
Rather than adding AI features on top of existing software, Cortex embeds intelligence into the core of the platform. It is being launched with pilot customers and technology partners, including Microsoft, Slack and Glean.
Darwinbox said Cortex is designed to understand an organisation’s people, roles, policies, workflows and past decisions, enabling users to make requests within the governance and operational guardrails already established by the organisation.
“With Cortex, we reimagined the entire HCM experience from the ground up and pushed the boundaries of what AI can do for HR through a series of innovations, including the first Context Graph in the category.
“This is not an incremental evolution of HCM; it defines a new category, and we are excited about what it can unlock for our customers,” said Darwinbox co-founder and co-chief executive officer, Jayant Paleti in a statement.
According to Darwinbox, the AI-native platform is built on four architectural foundations namely, the Signal Layer, the Context Graph, the Cortex Agent Platform and the Experience Layer.
The company said the platform is being introduced with a select group of global design partners, including Visteon Corporation and Transcarent, which are working with Darwinbox to apply Cortex to complex workforce-management challenges.
Darwinbox added that Cortex is designed for a connected enterprise environment, integrating with Microsoft 365, Teams and Co-pilot, as well as platforms such as Slack and Glean, allowing enterprise intelligence to be delivered through applications employees already use in their daily work.
-- BERNAMA
Rather than adding AI features on top of existing software, Cortex embeds intelligence into the core of the platform. It is being launched with pilot customers and technology partners, including Microsoft, Slack and Glean.
Darwinbox said Cortex is designed to understand an organisation’s people, roles, policies, workflows and past decisions, enabling users to make requests within the governance and operational guardrails already established by the organisation.
“With Cortex, we reimagined the entire HCM experience from the ground up and pushed the boundaries of what AI can do for HR through a series of innovations, including the first Context Graph in the category.
“This is not an incremental evolution of HCM; it defines a new category, and we are excited about what it can unlock for our customers,” said Darwinbox co-founder and co-chief executive officer, Jayant Paleti in a statement.
According to Darwinbox, the AI-native platform is built on four architectural foundations namely, the Signal Layer, the Context Graph, the Cortex Agent Platform and the Experience Layer.
The company said the platform is being introduced with a select group of global design partners, including Visteon Corporation and Transcarent, which are working with Darwinbox to apply Cortex to complex workforce-management challenges.
Darwinbox added that Cortex is designed for a connected enterprise environment, integrating with Microsoft 365, Teams and Co-pilot, as well as platforms such as Slack and Glean, allowing enterprise intelligence to be delivered through applications employees already use in their daily work.
-- BERNAMA
HOLAFLY IDENTIFIES TOP INTERNATIONAL ALTERNATIVES TO ICONIC DESTINATIONS
KUALA LUMPUR, Aug 5 (Bernama) -- Holafly has identified the best international alternatives to some of the world's most iconic travel destinations in its first Travel Dupe Index, which compares visual and cultural similarity, accommodation costs, overtourism, accessibility and social momentum.
According to Holafly in a statement, destinations such as Venice, Aspen, Kyoto and Ibiza remain enduringly popular, but travellers are increasingly seeking comparable scenery and cultural experiences without the crowds, queues and higher prices associated with major tourist hotspots.
Unlike traditional "dupe" rankings, every alternative in the index is located in a different country from the destination it replaces, allowing travellers to discover a genuinely new destination while retaining a similar atmosphere and appeal.
The study found that the strongest alternative to Venice is Ghent, Belgium, whose mediaeval canals and historic architecture offer a similar experience while facing significantly lower tourism pressure.
The ranking also highlights Banff, Canada, as an alternative to Aspen, United States; Jeonju, South Korea, instead of Kyoto, Japan; and Budva, Montenegro, instead of Ibiza, Spain, with travellers saving up to 83 per cent on accommodation costs, depending on the destination.
Holafly said international travel dupes are emerging as an alternative to overtourism, enabling visitors to enjoy similar landscapes, architecture and cultural experiences while reducing travel costs and avoiding peak visitor numbers.
To compile the index, Holafly compared 10 iconic destinations with international alternatives using a weighted scoring model. The destinations were assessed based on visual and cultural similarity, accommodation savings, overtourism contrast, accessibility, and social momentum, including social media and online search trends.
The company added that each alternative had to be located in a different country from the original destination, with the methodology designed to highlight destinations that offer similar experiences, better value and fewer crowds while encouraging travellers to discover new places.
-- BERNAMA
According to Holafly in a statement, destinations such as Venice, Aspen, Kyoto and Ibiza remain enduringly popular, but travellers are increasingly seeking comparable scenery and cultural experiences without the crowds, queues and higher prices associated with major tourist hotspots.
Unlike traditional "dupe" rankings, every alternative in the index is located in a different country from the destination it replaces, allowing travellers to discover a genuinely new destination while retaining a similar atmosphere and appeal.
The study found that the strongest alternative to Venice is Ghent, Belgium, whose mediaeval canals and historic architecture offer a similar experience while facing significantly lower tourism pressure.
The ranking also highlights Banff, Canada, as an alternative to Aspen, United States; Jeonju, South Korea, instead of Kyoto, Japan; and Budva, Montenegro, instead of Ibiza, Spain, with travellers saving up to 83 per cent on accommodation costs, depending on the destination.
Holafly said international travel dupes are emerging as an alternative to overtourism, enabling visitors to enjoy similar landscapes, architecture and cultural experiences while reducing travel costs and avoiding peak visitor numbers.
To compile the index, Holafly compared 10 iconic destinations with international alternatives using a weighted scoring model. The destinations were assessed based on visual and cultural similarity, accommodation savings, overtourism contrast, accessibility, and social momentum, including social media and online search trends.
The company added that each alternative had to be located in a different country from the original destination, with the methodology designed to highlight destinations that offer similar experiences, better value and fewer crowds while encouraging travellers to discover new places.
-- BERNAMA
Vedanta Aluminium Posts Record Q1 Financial Results
KUALA LUMPUR, Aug 4 (Bernama) -- Vedanta Aluminium Metal Limited, a global aluminium producer, reported record financial results for the quarter ended June 30, 2026, with revenue reaching 21,105 crore Indian rupees, up 13 per cent quarter-on-quarter (QoQ) and 45 per cent year-on-year (YoY). (100 Indian rupees = RM4.29)
The growth was driven by higher volumes and improved realisations, marking the company's first quarter (Q1) as an independent listed company following its demerger.
The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) reached an all-time high of 10,499 crore Indian rupees, up 24 per cent QoQ and 134 per cent YoY, while profit after tax climbed to 6,597 crore Indian rupees, an increase of 33 per cent QoQ and 205 per cent YoY.
“Our Q1 as an independent company reflects disciplined execution, operational resilience and a clear long-term strategy.
“Our focus on resource security, integrated operations and value-added products continues to strengthen our competitive position and support sustainable growth,” said the company’s Whole-Time Director and Chief Executive Officer, Rajesh Kumar in a statement.
The Board of Directors approved the company's first interim dividend of eight Indian rupees per equity share, bringing the cumulative dividend payout for the quarter to over 3,000 crore Indian rupees.
Operationally, aluminium production reached a record 632 kilotonnes (KT), while value-added products production also achieved an all-time high of 389 KT. Alumina production increased 41 per cent YoY to 826 KT, supported by expanded refining capacity and improved asset utilisation.
Serving customers in more than 60 countries through its integrated aluminium and alumina operations, Vedanta Aluminium continues to strengthen its position as a globally competitive producer.
-- BERNAMA
Tuesday, August 4, 2026
2POINTZERO REPORTS STRONG FIRST HALF REVENUE, NET PROFIT
 |
| Samia Bouazza, CEO of 2PointZero (Photo: AETOSWire) |
KUALA LUMPUR, Aug 4 (Bernama) -- Abu Dhabi-based investment holding firm, 2PointZero Group has reported revenue of 21.9 billion Emirati dirham and a group net profit of 7.7 billion Emirati dirham for the first half of 2026. (100 Emirati dirham = RM111.58)The group said continued operational integration, wider adoption of artificial intelligence (AI) tools and ongoing cost optimisation strengthened operational performance, lifting revenue while maintaining a blended gross profit margin of 29 per cent.
Net profit from the group's businesses increased 2,301 per cent year-on-year, driven by the consolidation of Tendam and the mega-merger that formed 2PointZero Group, new investments in African financial services, expansion into European packaging markets and steady operational progress across all business segments.
The strong performance was reflected in the group's adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA), which reached 5.0 billion Emirati dirham after excluding fair value changes and one-off items.
“As we enter the second half of the year, we continue to strengthen the platform for long-term growth. Nearly 10 per cent of our workforce consists of AI co-workers, embedded across the group to improve productivity, accelerate decision-making, and strengthen operational performance.
“Together with our disciplined capital allocation and strong financial position, this gives us confidence in our ability to create long-term shareholder value,” said 2PointZero Chief Executive Officer, Samia Bouazza in a statement.
The group's financial position remained strong, supported by cash holdings of 13.7 billion Emirati dirham and a debt-to-equity ratio of 0.32, providing flexibility to manage risks, allocate resources efficiently and fund high-return investment opportunities globally.
Among its key developments, 2PointZero completed the sale of its entire 7.29 per cent stake in TAQA to Abu Dhabi Power and expanded its energy infrastructure portfolio through subsidiary ePointZero's acquisition of a 100 per cent stake in Traverse Midstream Partners.
The group also participated in the Series G funding round for WHOOP, a global health technology company, and acquired a 60.8 per cent controlling interest in Italy's ISEM Packaging Group for 704 million Emirati dirham.
Recognising its financial performance, 2PointZero ranked 36th on TIME's inaugural World's Growth Leaders 2026 list, reflecting its business growth, market performance and long-term financial stability.
-- BERNAMA
Friday, July 31, 2026
RHB PRESERVES ISLAMIC FINANCE LEGACY WHILE INVESTING IN FUTURE RESEARCH
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| (From left) Dr. Marjan Muhammad, Deputy President of Research, ISRA Institute, INCEIF University; Professor Emeritus Dato' Dr. Mohd Azmi Omar, President and Chief Executive Officer of INCEIF University; YBhg. Senator Dr. Zulkifli Hasan, Minister in the Prime Minister’s Department (Religious Affairs); Dato' Adissadikin Ali, Managing Director of RHB Islamic Bank Berhad; and Ahmad Mukarrami Ab Mumin, Head of Group Shariah Advisory of RHB Islamic Bank Berhad, at the book launch ceremony. |
Publication preserves industry knowledge, while RM300,000 grant to INCEIF University supports future research and innovation
KUALA LUMPUR, July 31 (Bernama) -- RHB Islamic Bank Berhad ("RHB Islamic" or "the Bank") is strengthening its commitment to advancing knowledge, research and thought leadership in Islamic finance with the publication of Charting Progress Together – Malaysia's Islamic Finance Through the Years. Developed in collaboration with INCEIF University, the book captures key developments that have shaped Malaysia's Islamic finance industry.
The book is the first publication under the RHB Islamic Insight series and features 24 selected articles originally published between 2012 and 2021. Written by RHB Islamic practitioners, the articles provide insights into the industry’s growth and transformation, covering topics such as Islamic banking and finance, capital markets, Shariah governance and Islamic social finance.
The articles also reflect a transformative period in the industry's development, marked by the growing adoption of fintech, the introduction of Value-Based Intermediation (“VBI”), evolving Shariah standards and governance frameworks, and a growing emphasis on sustainability and social impact in financial services.
Dato’ Adissadikin Ali, Managing Director of RHB Islamic Bank Berhad said, "Malaysia's Islamic finance industry has grown through the collective efforts of regulators, financial institutions, scholars and industry practitioners across generations. Over the past two decades, RHB Islamic has been part of this journey, and this publication reflects our commitment to preserving valuable insights gained along the way and making them more accessible to those who will continue shaping its future.”
"While preserving what we have learned is important, generating new ideas is equally vital. This is why we are also investing in research to support the next chapter of Malaysia's Islamic finance industry. We believe continued collaboration between academia and practitioners will be key to developing fresh perspectives that respond to the Islamic finance industry’s evolving needs," added Dato’ Adissadikin Ali.
RHB Islamic will provide a RM300,000 grant to INCEIF University to support research aimed at strengthening Malaysia’s Islamic finance ecosystem. The grant reflects a shared commitment between academia and practitioners to advance research and deepen understanding in ways that foster innovation and sustainable growth across the nation’s Islamic finance industry.
Bank Negara Malaysia has identified research, talent development and knowledge-sharing as key priorities for supporting the future growth of the Islamic finance industry and reinforcing Malaysia's position as a global leader in Islamic finance. RHB Islamic's publication and research collaboration contribute to these national priorities by strengthening knowledge development and industry-academia collaboration.
RHB Islamic remains committed to supporting the long-term development of Malaysia's Islamic finance ecosystem through knowledge development, research and industry collaboration, in line with the Bank’s strategy to create sustainable social impact through education and knowledge empowerment.
To find out more about Charting Progress Together – Malaysia’s Islamic Finance Through the Years, please visit www.rhbgroup.com.
About RHB Banking Group
RHB Banking Group is one of Malaysia’s longest-standing and leading financial institutions, with a proud heritage spanning over a century. Headquartered in Kuala Lumpur, Malaysia, the Group has a strong presence across seven ASEAN markets and is powered by a workforce of about 13,000 employees. United by a common purpose – Together We Progress – RHB is committed to empowering individuals, businesses and communities to grow and progress together.
As a fully integrated financial group, our core businesses are structured into six key pillars: Group Community Banking, Group Corporate & Business Banking, Group Wholesale Banking, Group Shariah Business, Group International Business and Group Insurance. We offer comprehensive and innovative financial solutions through RHB Bank Berhad and our key subsidiaries: RHB Investment Bank Berhad, RHB Islamic Bank Berhad, and RHB Insurance Berhad. Our asset management and unit trust businesses are undertaken by RHB Asset Management Sdn. Bhd. and RHB Islamic International Asset Management Berhad.
RHB Bank Berhad is listed on Bursa Malaysia with a market capitalisation of RM37 billion as at 30 July 2026.
Guided by our purpose, RHB is focused on delivering meaningful and sustainable value by driving innovation, fostering inclusive growth, and strengthening long-term resilience to meet the evolving needs of our customers, communities, and the broader financial ecosystem.
For more information, please visit www.rhbgroup.com.
Malaysia | Singapore | Indonesia | Thailand | Brunei | Cambodia | Lao PDR
Issued on behalf of RHB Bank Berhad by Group Corporate Communications.
Customers may call our Customer Contact Centre at 03–9206 8118 for enquiries on RHB’s products and services.
SOURCE: RHB Islamic Bank Berhad
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Azim Daman
Tel: 017-380 9497
Email: azim.daman@rhbgroup.com
Name: Nishanthi Palani
Tel: 012-420 0812
Email: nishanthi.palani@rhbgroup.com
--BERNAMA
Lantronix and Swarmer Collaborate to Create Custom Compute Module for Group 1 Unmanned Aerial Systems
Lantronix to develop a custom solution based on Lantronix’s Open-Q™ 6490CS SOM to support Swarmer’s AI software on small drones for defense missions, boosting onboard computing power by more than 400% compared to current platforms
IRVINE, Calif., July 31 (Bernama-GLOBE NEWSWIRE) -- Lantronix Inc. (Nasdaq: LTRX), a global provider of Edge AI and Industrial IoT solutions that power NDAA-compliant unmanned systems, critical infrastructure, and resilient enterprise networks, today announced a collaboration with Swarmer, Inc (Nasdaq: SWMR), a drone autonomy software company whose technology has supported more than 100,000 real-world combat missions in Ukraine since April 2024, to create a custom compute platform optimized for Group 1 UAS. Both companies are focused on accelerating deployment of FPV and other small, low-cost drones for Ukraine, U.S. and allied defense programs.
“Autonomy software only proves itself once it’s deployed on hardware that’s actually flying,” said Saleel Awsare, president and CEO of Lantronix. “A production-ready NDAA-compliant Lantronix compute platform with Swarmer’s combat-proven software provides operators with roughly four times the processing power to optimize its visual navigation, automated target recognition, pixel lock and advanced teaming algorithms.”
The integration of Lantronix's Open-Q™ 6490CS System-on-Module is designed to provide Group 1 UAS with the identical connectivity options along with a significant increase in onboard computing capability, enabling more advanced artificial intelligence, computer vision and autonomous mission execution at the tactical edge. The additional processing capacity will support more sophisticated swarming behaviors, sensor fusion and real-time decision-making while providing a production-ready platform designed for long-term deployment.
For military operators, this will result in the ability to field increasingly autonomous, software-defined Group 1 UAS that can adapt to evolving mission requirements through software updates rather than hardware replacement, extending operational capability while reducing lifecycle complexity.
“With more than seven million drones projected to be manufactured this year alone, we believe that every one of them could potentially run our AI and collaborative autonomy software,” said Alex Fink, president and U.S. CEO of Swarmer. “Our collaboration with Lantronix will produce a compute platform that is capable of running AI models on the edge in a small form factor that is optimized for Group 1 UAS. We believe this will become the new industry standard compute solution for small unmanned systems, and every unit will arrive pre-populated with Swarmer OS and Swarmer’s cutting-edge autonomy.”
Founded in Austin, Texas, in May 2023, Swarmer deployed its autonomy software in combat operations in Ukraine in April 2024 and has since flown missions with nearly 50 Ukrainian military units in active electronic warfare and GNSS-denied environments. Swarmer’s software is designed to run across any type of drone — from fixed-wing and rotary-wing aircraft to ground vehicles and sea vessels. The Swarmer solution based on Lantronix Open-Q™ 6490CS SOM will support all of these platforms, allowing a single operator to plan, monitor and execute missions involving hundreds of drones from one hardware base.
How Lantronix Technology Benefits Swarmer
The Open-Q™ 6490CS SOM enables Swarmer to deploy its autonomy software on a production-ready compute platform that improves performance, reduces cost and operational inefficiencies, optimizes SWaP and accelerates deployment across multiple unmanned platforms. On-device AI processing is built for GPS-denied and contested environments, where cloud-dependent compute isn’t reliable.
Sustained production support and NDAA compliance also eliminates supply chain uncertainty, enabling Swarmer to scale deployments across U.S. and allied government customers without hardware availability concerns.
Key Investor Takeaways
Expanded platform opportunity: Broadens Lantronix's role within autonomous defense systems by improving AI compute for multi-platform autonomy software across air, ground and maritime unmanned systems.
Replaces Soon-to-be Obsolete Technology: Current onboard compute systems are becoming increasingly expensive and unable to match pace with the speed of AI. This customized platform is designed to provide roughly four times the processing power to optimize visual navigation, automated target recognition, pixel lock and advanced teaming algorithms.
Long-term program support: NDAA compliance and a 10-year-plus production commitment position Lantronix for recurring, long-term revenue as Swarmer secures extended defense contracts, de-risking platform adoption in the defense autonomy market.
Validated, scaling partner: Swarmer (Nasdaq: SWMR) is a publicly traded, combat-proven operator with more than 100,000 missions flown across nearly 50 military units, reducing execution risk on the demand side of the partnership.
About Swarmer
Swarmer™ (Nasdaq: SWMR) is a defense technology company that specializes in vendor-agnostic software which allows one operator to intuitively control hundreds of autonomous platforms in real time. Swarmer’s primary mission areas include autonomous swarm coordination, integration of multi-domain unmanned systems and AI-powered autonomy software for distributed operations. Swarmer is not a drone manufacturer and does not depend on any single platform, supplier or hardware lifecycle. Instead, Swarmer operates at the intelligence layer, developing autonomy, coordination and decision-making software that enables large numbers of low-cost unmanned systems to operate collectively as one coherent, resilient force. Swarmer’s technology has been rigorously validated in real-world kinetic environments and was first deployed in combat operations in Ukraine in April 2024. Since then, it has completed more than 100,000 combat missions, generating terabytes of proprietary data that informs its machine-learning models and enables the replication of advanced pilot performance at scale. Swarmer’s routine use in combat missions generates continuous streams of telemetry, sensor data and operational feedback which are then used to refine performance, increase resilience and accelerate learning. Swarmer has headquarters in Austin, Texas, and maintains operations and teams in Ukraine, Poland and Estonia. For more information, visit www.getswarmer.com.
About Lantronix
Lantronix Inc. (Nasdaq: LTRX) is a global leader in Edge AI and Industrial IoT solutions, delivering intelligent computing, secure connectivity and remote management for mission-critical applications. Serving high-growth markets, including smart cities, enterprise IT and commercial and defense unmanned systems, including drones, Lantronix enables customers to optimize operations and accelerate digital transformation. Its comprehensive portfolio of hardware, software and services powers applications from secure video surveillance and intelligent utility infrastructure to resilient out-of-band network management. By bringing intelligence to the network edge, Lantronix helps organizations achieve efficiency, security and a competitive edge in today’s AI-driven world. For more information, visit the Lantronix website.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements concerning a potential collaboration between Lantronix and Swarmer and Lantronix’s positioning to capitalize on opportunities for long-term growth in the drone and defense technology markets. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to changes in U.S. or foreign government trade policies, including recently increased or future tariffs, a pandemic or other outbreaks, wars and recent conflicts in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws and regulations; the risk that no definitive agreement between Lantronix and Swarmer is reached; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2025, filed with the Securities and Exchange Commission (the “SEC”) on Aug. 29, 2025, including in the section entitled “Risk Factors” in Item 1A of Part I of that report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. In addition, actual results may differ as a result of additional risks and uncertainties about which we are currently unaware or which we do not currently view as material to our business. For these reasons, investors are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements we make speak only as of the date on which they are made. We expressly disclaim any intent or obligation to update any forward-looking statements after the date hereof to conform such statements to actual results or to changes in our opinions or expectations, except as required by applicable law or the rules of the Nasdaq Stock Market LLC. If we do update or correct any forward-looking statements, investors should not conclude that we will make additional updates or corrections.
©2026 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.
Investor Contact (Lantronix):
Matt Glover and Greg Robles
Gateway Group, Inc.
LTRX@gateway-grp.com
Investor Contact (Swarmer):
SWMR@gateway-grp.com
Media Contact (Lantronix):
Diana Puckett
PRforLantronix@Bospar.com
Media Contact (Swarmer):
media@getswarmer.tech
SOURCE: Lantronix, Inc.
IRVINE, Calif., July 31 (Bernama-GLOBE NEWSWIRE) -- Lantronix Inc. (Nasdaq: LTRX), a global provider of Edge AI and Industrial IoT solutions that power NDAA-compliant unmanned systems, critical infrastructure, and resilient enterprise networks, today announced a collaboration with Swarmer, Inc (Nasdaq: SWMR), a drone autonomy software company whose technology has supported more than 100,000 real-world combat missions in Ukraine since April 2024, to create a custom compute platform optimized for Group 1 UAS. Both companies are focused on accelerating deployment of FPV and other small, low-cost drones for Ukraine, U.S. and allied defense programs.
“Autonomy software only proves itself once it’s deployed on hardware that’s actually flying,” said Saleel Awsare, president and CEO of Lantronix. “A production-ready NDAA-compliant Lantronix compute platform with Swarmer’s combat-proven software provides operators with roughly four times the processing power to optimize its visual navigation, automated target recognition, pixel lock and advanced teaming algorithms.”
The integration of Lantronix's Open-Q™ 6490CS System-on-Module is designed to provide Group 1 UAS with the identical connectivity options along with a significant increase in onboard computing capability, enabling more advanced artificial intelligence, computer vision and autonomous mission execution at the tactical edge. The additional processing capacity will support more sophisticated swarming behaviors, sensor fusion and real-time decision-making while providing a production-ready platform designed for long-term deployment.
For military operators, this will result in the ability to field increasingly autonomous, software-defined Group 1 UAS that can adapt to evolving mission requirements through software updates rather than hardware replacement, extending operational capability while reducing lifecycle complexity.
“With more than seven million drones projected to be manufactured this year alone, we believe that every one of them could potentially run our AI and collaborative autonomy software,” said Alex Fink, president and U.S. CEO of Swarmer. “Our collaboration with Lantronix will produce a compute platform that is capable of running AI models on the edge in a small form factor that is optimized for Group 1 UAS. We believe this will become the new industry standard compute solution for small unmanned systems, and every unit will arrive pre-populated with Swarmer OS and Swarmer’s cutting-edge autonomy.”
Founded in Austin, Texas, in May 2023, Swarmer deployed its autonomy software in combat operations in Ukraine in April 2024 and has since flown missions with nearly 50 Ukrainian military units in active electronic warfare and GNSS-denied environments. Swarmer’s software is designed to run across any type of drone — from fixed-wing and rotary-wing aircraft to ground vehicles and sea vessels. The Swarmer solution based on Lantronix Open-Q™ 6490CS SOM will support all of these platforms, allowing a single operator to plan, monitor and execute missions involving hundreds of drones from one hardware base.
How Lantronix Technology Benefits Swarmer
The Open-Q™ 6490CS SOM enables Swarmer to deploy its autonomy software on a production-ready compute platform that improves performance, reduces cost and operational inefficiencies, optimizes SWaP and accelerates deployment across multiple unmanned platforms. On-device AI processing is built for GPS-denied and contested environments, where cloud-dependent compute isn’t reliable.
Sustained production support and NDAA compliance also eliminates supply chain uncertainty, enabling Swarmer to scale deployments across U.S. and allied government customers without hardware availability concerns.
Key Investor Takeaways
Expanded platform opportunity: Broadens Lantronix's role within autonomous defense systems by improving AI compute for multi-platform autonomy software across air, ground and maritime unmanned systems.
Replaces Soon-to-be Obsolete Technology: Current onboard compute systems are becoming increasingly expensive and unable to match pace with the speed of AI. This customized platform is designed to provide roughly four times the processing power to optimize visual navigation, automated target recognition, pixel lock and advanced teaming algorithms.
Long-term program support: NDAA compliance and a 10-year-plus production commitment position Lantronix for recurring, long-term revenue as Swarmer secures extended defense contracts, de-risking platform adoption in the defense autonomy market.
Validated, scaling partner: Swarmer (Nasdaq: SWMR) is a publicly traded, combat-proven operator with more than 100,000 missions flown across nearly 50 military units, reducing execution risk on the demand side of the partnership.
About Swarmer
Swarmer™ (Nasdaq: SWMR) is a defense technology company that specializes in vendor-agnostic software which allows one operator to intuitively control hundreds of autonomous platforms in real time. Swarmer’s primary mission areas include autonomous swarm coordination, integration of multi-domain unmanned systems and AI-powered autonomy software for distributed operations. Swarmer is not a drone manufacturer and does not depend on any single platform, supplier or hardware lifecycle. Instead, Swarmer operates at the intelligence layer, developing autonomy, coordination and decision-making software that enables large numbers of low-cost unmanned systems to operate collectively as one coherent, resilient force. Swarmer’s technology has been rigorously validated in real-world kinetic environments and was first deployed in combat operations in Ukraine in April 2024. Since then, it has completed more than 100,000 combat missions, generating terabytes of proprietary data that informs its machine-learning models and enables the replication of advanced pilot performance at scale. Swarmer’s routine use in combat missions generates continuous streams of telemetry, sensor data and operational feedback which are then used to refine performance, increase resilience and accelerate learning. Swarmer has headquarters in Austin, Texas, and maintains operations and teams in Ukraine, Poland and Estonia. For more information, visit www.getswarmer.com.
About Lantronix
Lantronix Inc. (Nasdaq: LTRX) is a global leader in Edge AI and Industrial IoT solutions, delivering intelligent computing, secure connectivity and remote management for mission-critical applications. Serving high-growth markets, including smart cities, enterprise IT and commercial and defense unmanned systems, including drones, Lantronix enables customers to optimize operations and accelerate digital transformation. Its comprehensive portfolio of hardware, software and services powers applications from secure video surveillance and intelligent utility infrastructure to resilient out-of-band network management. By bringing intelligence to the network edge, Lantronix helps organizations achieve efficiency, security and a competitive edge in today’s AI-driven world. For more information, visit the Lantronix website.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements concerning a potential collaboration between Lantronix and Swarmer and Lantronix’s positioning to capitalize on opportunities for long-term growth in the drone and defense technology markets. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to changes in U.S. or foreign government trade policies, including recently increased or future tariffs, a pandemic or other outbreaks, wars and recent conflicts in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws and regulations; the risk that no definitive agreement between Lantronix and Swarmer is reached; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2025, filed with the Securities and Exchange Commission (the “SEC”) on Aug. 29, 2025, including in the section entitled “Risk Factors” in Item 1A of Part I of that report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. In addition, actual results may differ as a result of additional risks and uncertainties about which we are currently unaware or which we do not currently view as material to our business. For these reasons, investors are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements we make speak only as of the date on which they are made. We expressly disclaim any intent or obligation to update any forward-looking statements after the date hereof to conform such statements to actual results or to changes in our opinions or expectations, except as required by applicable law or the rules of the Nasdaq Stock Market LLC. If we do update or correct any forward-looking statements, investors should not conclude that we will make additional updates or corrections.
©2026 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.
Investor Contact (Lantronix):
Matt Glover and Greg Robles
Gateway Group, Inc.
LTRX@gateway-grp.com
Investor Contact (Swarmer):
SWMR@gateway-grp.com
Media Contact (Lantronix):
Diana Puckett
PRforLantronix@Bospar.com
Media Contact (Swarmer):
media@getswarmer.tech
SOURCE: Lantronix, Inc.
Thursday, July 30, 2026
Chery Auto Expands Global LEPAS NEV Lineup
KUALA LUMPUR, July 29 (Bernama) -- Chery Auto, a global automotive manufacturer, has announced that its mid-to-premium new energy vehicle (NEV) brand, LEPAS, is advancing its global market expansion with a comprehensive NEV lineup comprising the LEPAS L4 EV, LEPAS L6 EV and LEPAS L8 PHEV.
The lineup showcases LEPAS’ focus on elegant mobility through a combination of design, intelligent technologies and spacious interiors, addressing a range of mobility needs across global markets.
Chery Auto in a statement said the three models have entered the global launch phase and will be rolled out gradually across international markets as LEPAS continues to expand its presence worldwide.
The LEPAS L4 EV is designed for urban drivers seeking a more intelligent and effortless NEV experience, combining extended range capability, efficient performance and convenient charging solutions for both daily commuting and longer journeys.
Powered by a highly integrated 12-in-1 electric drive system, the L4 EV delivers smooth, quiet and efficient performance. It supports fast charging of more than 120 kilowatts (kW) and can charge from 30 per cent to 80 per cent in about 20 minutes when connected to a 200kW charging station.
Meanwhile, the LEPAS L6 EV, described as an Intelligent & Exquisite Life sport utility vehicle (SUV), features LEPAS’ signature "Leopard Aesthetics" design language and targets consumers seeking a more refined and sophisticated mobility experience.
The L6 EV combines an elegant and dynamic exterior with a minimalist interior design suited to a variety of lifestyles, including daily commuting, family travel, leisure outings and social occasions.
LEPAS said the L8 PHEV balances spacious comfort, intelligent technology, safety features and long driving range capability, delivering a refined mobility experience for global consumers.
Built on a 2,800-millimetre wheelbase, the LEPAS L8 PHEV offers a spacious cabin equipped with an AQS air quality monitoring system, active fragrance system, ultraviolet (UV)-blocking and heat-insulating glass, and smartphone remote-control functions.
-- BERNAMA
Kioxia Unveils NX1 Data Centre SSDs With Direct Liquid-Cooling Support
KUALA LUMPUR, July 29 (Bernama) -- Kioxia Corporation, a global leader in memory solutions, has announced the KIOXIA NX1 Series of solid-state drives (SSDs), a new generation of E1.S PCIe 5.0 NVMe data centre SSDs and the company’s first SSD with direct liquid-cooling support.
The KIOXIA NX1 Series features Kioxia’s next-generation, in-house developed controller architecture, which is designed to provide advanced capabilities while supporting future feature expansion.
Kioxia in a statement said the new drives are engineered to deliver high-performance, power-efficient storage for graphics processing unit (GPU)-enabled servers and hyperscale data centre environments.
The KIOXIA NX1 Series succeeds the KIOXIA XD Series and leverages PCIe 5.0 performance to help cloud service providers and hyperscale operators optimise infrastructure while maintaining operational efficiency.
Compared with the previous generation, the company said the KIOXIA NX1 SSDs deliver up to approximately 38 per cent higher sequential write performance and nearly 20 per cent higher random write performance.
As artificial intelligence (AI) infrastructure continues to expand, storage systems must support increasingly dense, accelerator-rich server designs. The E1.S form factor helps maximise storage density while supporting advanced thermal management, including direct liquid-cooling configurations for efficient heat dissipation in high-performance AI server environments.
The KIOXIA NX1 Series is currently sampling with select hyperscale customers and will be showcased at FMS: The Future of Memory and Storage, which will be held from Aug 4 to 6 in Santa Clara, California.
-- BERNAMA
CryptoRank Study Finds Bitget rTokens Recorded Up to 58% Lower Slippage on $50,000 Orders Across Leading Tokenized Equity Platforms
VICTORIA, Seychelles, July 28 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world's largest Universal Exchange (UEX), ranked first for large-order execution in a CryptoRank study evaluating liquidity, market structure and execution quality across leading tokenized equity products. The research found that Bitget's Reality rTokens delivered the lowest simulated slippage across every comparable asset tested, recording up to 58% lower slippage on $50,000 orders than competing tokenized equity products, highlighting the growing importance of execution quality as tokenized equities continue to mature.
The report arrives as the tokenized equity market approaches $2 billion in onchain value with more than 471,000 onchain holders, reflecting growing investor demand for blockchain-based access to traditional financial assets. As tokenized stocks become more widely available across crypto exchanges, CryptoRank examined how differences in product structure, liquidity models and execution infrastructure influence the trading experience beyond simple price exposure.
The study compared tokenized stock offerings across major exchanges and found that products tracking the same underlying equities can differ significantly in investor rights, liquidity mechanisms, redemption models and execution quality. The report evaluated NVIDIA, Microsoft, Meta and Tesla, the only four assets that maintained valid two-sided order books across all venues tested. In this comparable set, Bitget's Reality rTokens consistently produced the strongest execution results for larger trades.
The report found that Bitget delivered the lowest simulated slippage across all four comparable assets for both $10,000 and $50,000 orders, while Reality rTokens recorded the highest balanced displayed liquidity within 50 basis points. CryptoRank attributed these results to Bitget's liquidity architecture, which combines exchange liquidity with NYSE and NASDAQ-linked underlying market liquidity, enabling deeper liquidity and more efficient execution for larger trades. CryptoRank also examined the legal and operational structures behind tokenized equity products, noting that similar stock tickers can represent different forms of investor claims depending on how each product is issued and settled.
“Tokenization is moving beyond access and into infrastructure," said Gracy Chen, CEO at Bitget. “If even 10% of global financial assets become tokenized by 2030, we’ll witness one of the most significant transformations in modern capital markets. The next phase of tokenization will be defined by quality of execution liquidity and market infrastructure supporting those assets. Independent research like this helps establish the benchmarks the industry needs as tokenzied markets continue to mature.”
The findings build on Bitget's continued expansion of its Stock+ ecosystem, which gives eligible users access to more than 500 tokenized stocks, ETFs, commodities and other traditional financial assets alongside cryptocurrencies through a single unified account. By combining 24/7 market access, fractional investing and NYSE and NASDAQ-linked liquidity, Bitget is building the infrastructure needed to support the next generation of tokenized capital markets.
Read the CryptoRank report here.
About Bitget
Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 500+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships such as MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | X | Telegram | LinkedIn | Discord
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3c8f2a89-2b0b-465f-9fe6-d03b919d5754
https://www.globenewswire.com/NewsRoom/AttachmentNg/2fd67267-7705-42b5-82f2-dc4dbe7c590b
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
The study compared tokenized stock offerings across major exchanges and found that products tracking the same underlying equities can differ significantly in investor rights, liquidity mechanisms, redemption models and execution quality. The report evaluated NVIDIA, Microsoft, Meta and Tesla, the only four assets that maintained valid two-sided order books across all venues tested. In this comparable set, Bitget's Reality rTokens consistently produced the strongest execution results for larger trades.
The report found that Bitget delivered the lowest simulated slippage across all four comparable assets for both $10,000 and $50,000 orders, while Reality rTokens recorded the highest balanced displayed liquidity within 50 basis points. CryptoRank attributed these results to Bitget's liquidity architecture, which combines exchange liquidity with NYSE and NASDAQ-linked underlying market liquidity, enabling deeper liquidity and more efficient execution for larger trades. CryptoRank also examined the legal and operational structures behind tokenized equity products, noting that similar stock tickers can represent different forms of investor claims depending on how each product is issued and settled.
“Tokenization is moving beyond access and into infrastructure," said Gracy Chen, CEO at Bitget. “If even 10% of global financial assets become tokenized by 2030, we’ll witness one of the most significant transformations in modern capital markets. The next phase of tokenization will be defined by quality of execution liquidity and market infrastructure supporting those assets. Independent research like this helps establish the benchmarks the industry needs as tokenzied markets continue to mature.”
The findings build on Bitget's continued expansion of its Stock+ ecosystem, which gives eligible users access to more than 500 tokenized stocks, ETFs, commodities and other traditional financial assets alongside cryptocurrencies through a single unified account. By combining 24/7 market access, fractional investing and NYSE and NASDAQ-linked liquidity, Bitget is building the infrastructure needed to support the next generation of tokenized capital markets.
Read the CryptoRank report here.
About Bitget
Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 500+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships such as MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | X | Telegram | LinkedIn | Discord
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3c8f2a89-2b0b-465f-9fe6-d03b919d5754
https://www.globenewswire.com/NewsRoom/AttachmentNg/2fd67267-7705-42b5-82f2-dc4dbe7c590b
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
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