Latest news with #LeoZhao
Business Insider
5 days ago
- Business
- Business Insider
MEXC Ventures Invests in Triv, Indonesia's Leading Crypto Exchange, at $200 Million Valuation to Accelerate Southeast Asia Expansion
MEXC Ventures, the investment arm of global cryptocurrency exchange MEXC, has announced a strategic investment in Triv, one of Indonesia's most established and prominent cryptocurrency exchanges, which currently holds a valuation of US$200 million. Established in 2015, Triv has maintained a solid reputation in Southeast Asia for over a decade and is widely recognized for its comprehensive compliance, innovation, and strong user trust. This investment goes in line with the global MEXC strategy to support and develop innovative projects in the blockchain and cryptocurrency sectors and its aim to capitalize on Southeast Asia's rapidly growing digital asset market. Triv stands out not only as a market leader but also as a trusted, licensed, and fully regulated exchange. Holding a comprehensive suite of licenses, Triv is officially authorized to operate crypto spot, staking, and futures services fully supervised by both the Financial Services Authority (OJK) and the Indonesia's Commodity Futures Trading Regulatory Agency (BAPPEBTI). This dual compliance reflects Triv's strong commitment to regulation, user protection, and transparency. For over 10 years, Triv has maintained a flawless track record with a consistent focus on resilience and user trust across all market conditions. Established in 2015, Triv is one of the oldest and largest crypto exchanges in Indonesia. Serving more than 3 million registered users and offering over 1,000+ crypto assets, Triv provides one of the most diverse and accessible digital trading platforms in the region. Its robust infrastructure supports not only mainstream assets like BTC and ETH, but also USDT pairs, memecoins, and even access to U.S. stock market products—an offering that has helped Indonesian investors diversify their portfolios with ease. Another key feature that sets Triv apart from other Indonesian crypto platforms is Triv holds comprehensive licenses covering crypto spot trading, staking, and futures. This makes Triv the most fully licensed and comprehensive crypto exchange in the region. Gabriel Rey, CEO and Founder of Triv, stated: "We are pleased to welcome the MEXC Group into the Triv Group. This partnership will enable us to expand our coin offerings, enhance liquidity, and introduce more innovative products for both new and existing users. It also strengthens our commitment to keeping CryptoWave Media (part of Triv Group) as the no.1 crypto media platform in Indonesia." With investment in Triv, MEXC is expecting a substantial user base expansion, as the crypto adoption in Southeast Asia is advancing by leaps and bounds. 'As part of MEXC Ventures' strategic focus on Southeast Asia, we are excited to back Triv in its next phase of growth,' said Leo Zhao, Investment Director of MEXC Ventures. 'Indonesia is one of the most dynamic and promising digital asset markets in the region, and Triv has earned a strong reputation for compliance, security, and user trust. Through this partnership, we look forward to supporting Triv in serving Indonesian users even better and accelerating the adoption of digital assets across the country. We are committed to strategic investment, focusing not just on exciting ideas and talented developers, but on initiatives with clear long-term potential.' As for extensive growth, geographic diversification of their business is also one of the long-term goals set by MEXC Ventures. Entering high-growth markets aligns with this strategy and provides a solid basis for further investment and development. According to recent data, MEXC is currently one of the top crypto trading platforms in Indonesia, with 1,700+ cryptocurrencies available for local users. Combining its resources and innovative practices with an established Indonesian market leader, Triv, MEXC is maintaining its role as a trendsetter in the industry. This investment comes as part of MEXC's global mission — to foster the growth of the digital asset trading market by leveraging technological innovation and delivering high-quality service. About MEXC Ventures MEXC Ventures is a comprehensive fund under MEXC dedicated to driving innovation in the cryptocurrency sector through investments in L1/L2 ecosystems, strategic investments, M&A and incubation. Upholding the principle of 'Empowering Growth Through Synergy,' MEXC Ventures is committed to supporting innovative ideas and active builders in crypto. MEXC Ventures is an investor and supporter of TON and Aptos, looking forward to staying at the forefront of TON and Aptos' innovations and actively engaging with builders to drive ecosystem growth.
Yahoo
6 days ago
- Business
- Yahoo
MEXC Pushes into Southeast Asia With Deal Valuing Indonesian Exchange at $200 Million
Licensed crypto exchange Triv, based in Indonesia, has received a strategic equity investment from MEXC Ventures, the investment arm of global crypto platform MEXC. The deal values Triv at $200 million and reflects MEXC's growing focus on Southeast Asia, as Indonesia's crypto market enters a new phase of institutional participation and regulatory clarity. Leo Zhao, investment director at MEXC Ventures, told Decrypt the investment was 'structured as pure equity, not tokens or convertible instruments,' and is part of the group's broader expansion strategy in Southeast Asia. 'Triv's regulatory track record, user base, and infrastructure made it a high-conviction candidate,' he said, adding that the deal reflects MEXC's push to support 'local champions with strong compliance profiles' as institutional adoption grows across the region. MEXC Ventures declined to disclose the investment amount, citing a confidentiality agreement with Triv. The deal follows a major shift in Indonesia's crypto tax policy, which took effect as the month opened. Under a new finance ministry regulation, sellers of digital assets on domestic exchanges will now pay a 0.21% final income tax, at double the previous rate, while those using overseas platforms face a steeper 1% levy, per a Reuters report. Buyers, however, are no longer subject to value-added tax. Tokocrypto, a local exchange, said in the aforementioned report that the changes reflect Indonesia's shift in classifying crypto as a financial asset rather than a commodity, signaling a more formal regulatory phase for one of Southeast Asia's fastest-growing crypto markets. These measures are part of a broader transition in oversight from the commodities regulator BAPPEBTI to the Financial Services Authority (OJK), signaling a more institutional phase of market development. 'Natural fit' for expansion Zhao said the decision to back Triv stemmed from its 'proven market leadership' and alignment with local regulations, calling the Indonesian platform a 'natural fit for a long-term strategic partnership.' He noted that the timing reflects MEXC's wider ambitions to grow in high-potential, regulated markets across Southeast Asia. Founded in 2015, Triv is one of Indonesia's longest-running digital asset platforms. The exchange is fully licensed to offer spot trading, staking, and derivatives, and claims over 3 million registered users. It also operates a crypto media division, CryptoWave, and supports more than 1,000 digital assets including Bitcoin, Ethereum, meme coins, and synthetic U.S. stock products. Toncoin Jumps After '8-Figure' Investment by MEXC Ventures Triv said the deal would help expand products, boost liquidity, and strengthen infrastructure amid rising compliance demands. It will retain operational independence. MEXC Ventures signaled more regional investments may follow. The partnership would allow Triv to scale while maintaining its identity, Zhao said. 'For Triv's users, partnership with MEXC means enhanced services and reliability coupled with the core values and independence that have earned their trust over the last nine years,' he told Decrypt. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Korea Herald
10-07-2025
- Business
- Korea Herald
Trina Storage Accelerates Energy Storage Growth Across Asia-Pacific with 2.4 GWh of Deployments Underway
SINGAPORE, July 10, 2025 /PRNewswire/ -- Trina Storage, the energy storage division of global solar leader Trinasolar, has reached a significant milestone with more than 2.4 GWh of utility-scale storage capacity under execution across the Asia-Pacific region (excluding China) as of July 2025. Spanning Australia, Japan, Southeast Asia and South Asia, these deployments represent a substantial contribution to 16 GWh of new Battery Energy Storage System (BESS) capacity projected to be added in APAC (excluding China) in 2025, according to BloombergNEF. As demand for grid-scale storage continues to accelerate across key APAC markets, Trina Storage has been selected to supply advanced BESS technology for several large-scale renewable energy projects. This includes 1.7 GWh of BESS for one of the region's largest storage projects to date in South Asia, and 500MWh for Australia's Limestone Coast North Energy Park. These developments reinforce Trina Storage's position as a trusted partner for utility-scale energy storage, capable of delivering complex, multi-phase utility deployments. The projects are powered by the Elementa Series, a smart, fully integrated storage platform built with Trina's in-house lithium iron phosphate (LFP) cells and designed to optimize performance from cell to grid. Manufacturing and developing its own LFP cells enables enhanced control over quality, safety, and performance. Key features include a smart thermal management system that maintains cell temperature variation within 3°C, and auxiliary power consumption as low as 1.8%. These capabilities are engineered to reduce energy losses by up to 30% compared to conventional systems, supporting higher system efficiency and potentially contributing additional usable energy annually. With a reliable supply chain, proven technology, comprehensive performance guarantees and long-term warranties, Trina Storage ensures long-term system reliability and strong bankability. It has been listed among BloombergNEF's Tier 1 energy storage manufacturers for six consecutive quarters and continues to rank top in BloombergNEF's global storage providers and integrators bankability survey. Backed by global technical expertise with localized support, Trina Storage brings together bankable project credentials, compliance with international safety and performance standards (including IEC, UL, NFPA) as well as local standards and certifications (in countries like Australia and Japan), as well as strong regional execution capabilities. These strengths have been instrumental in boosting investor confidence and establishing Trina Storage as a preferred partner for utility-scale energy storage projects. "Our growing presence across APAC reflects not only strong market demand but growing recognition of Trina Storage's differentiated technology, delivery capabilities, and long-term reliability," said Dr Leo Zhao, Head of Energy Storage at Trinasolar Asia Pacific. "Trina Storage is well-prepared, with a full-scope delivery framework from manufacturing to commissioning. In key markets, we have established expert local teams who understand regional policies, grid requirements, and market dynamics. With proven technical strength and reliable project delivery, Trina Storage is setting new benchmarks for the global energy storage industry." With utility-scale projects underway across the region, Trina Storage continues to expand its footprint and support APAC's clean energy transition through safe, high-performing, and future-ready energy storage solutions.
