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Business Upturn
18-05-2025
- Business
- Business Upturn
ONFA Fintech USA Partners with Metti Capital Funding to Accelerate Blockchain Banking and DeFi Expansion
SAN FRANCISCO, May 18, 2025 (GLOBE NEWSWIRE) — ONFA FINTECH USA , a subsidiary of METTITECH GROUP HOLDINGS , has signed a strategic agreement backed by Metti Capital Funding to expand its blockchain-based digital banking platform. This strategic move aims to strengthen ONFA's technological capabilities and accelerate its growth in the global decentralized finance (DeFi) market. ONFA FINTECH USA: Next-Generation Banking Meets Blockchain and AI ONFA FINTECH USA operates at the intersection of blockchain innovation and artificial intelligence, offering a next-generation digital banking ecosystem that prioritizes security, efficiency and decentralization. Designed with multi-layered encryption and two-factor authentication, ONFA ensures that users' digital assets are protected at the highest level against loss or unauthorized access. At the core of ONFA's ecosystem is the ONFA Wallet – a secure, AI-powered, multi-currency wallet that facilitates seamless crypto transactions and intelligent asset management. Building on this foundation, ONFA has launched a full-featured ecosystem that connects blockchain assets to real-world utility: – Stable Staking: Allows users to stake stablecoins such as USDT and VNDT with annual returns of up to 121%. Featuring daily rewards, flexible terms and AI-enhanced strategies, Staking empowers users to maximize idle assets with minimal effort. – ONFA Savings: A flexible and secure savings solution designed for the digital age. Offering attractive interest rates and seamless mobile integration, ONFA Savings allows users to manage their finances anytime, anywhere. With ONFA Savings, users can enjoy passive income with returns of up to 35% APY, making it an ideal option for long-term financial growth. – ONFA Share: A profit-sharing model in which users receive a share of profits generated across the entire ONFA ecosystem (from transaction fees, product revenues, etc.). This initiative fosters community involvement and financial alignment. – NFT Mining: A revolutionary method that allows users to earn OFT tokens daily without the need for expensive equipment or high electricity costs. Unlike traditional mining, ONFA NFT Mining only requires users to hold an officially issued NFT in their wallet. With a maximum holding period of 720 days, users receive daily OFT rewards, offering a stable and long-term income stream. – ONFA Stake: A strategic staking program designed to help users grow their digital assets securely and sustainably. With fixed USDT returns, a 100% principal refund guarantee and preferential exchange rates, ONFA Stake offers a simple and transparent way to participate in the evolving digital finance ecosystem. – ONFA Lottery: A blockchain-powered lottery system that ensures fairness and transparency. With just 10 OFT per ticket and more than 5,500 successful rounds, users can participate for a chance to win valuable digital rewards. – Sagaha Foundation: A pioneering blockchain-based charitable initiative, seamlessly integrated with ONFA Wallet. By accepting donations in USDT, OHO and other supported cryptocurrencies, Sagaha ensures full transparency and builds greater trust among global donors. With ONFA, the foundation supports critical humanitarian missions across Asia. Through the power of blockchain, Sagaha goes beyond traditional finance to create tangible, life-changing impact where it's needed most. Strategic Funding to Power Global Growth In June 2024, ONFA FINTECH USA secured strategic backing from Metti Capital Funding, underscoring strong investor confidence in ONFA's bold vision for the future of decentralized finance (DeFi), AI-powered finance and blockchain-based banking. According to Mr. Nathan Ho (CEO), the capital will be allocated toward: – Enhancing the scalability and cybersecurity of the ONFA Wallet. – Expanding AI-powered financial tools for smart asset management and automated trading. – Scaling global operations to make ONFA's banking ecosystem more accessible in underserved and emerging markets. 'This funding marks a pivotal moment in our journey to make decentralized finance universally accessible – from city centers to remote communities, from crypto veterans to first-time users,' said Mr. Nathan Ho, CEO. 'Our goal is to build a future where secure, intelligent and borderless financial tools are available to all.' With this milestone, ONFA reaffirms its commitment to democratizing access to digital finance and reshaping the future of banking through decentralized, intelligent and inclusive technologies. Stay Connected Website: ONFA Official Blog: ONFA News Twitter: @onfaofficial Contact ONFA FINTECH USA CORPORATION Mr. Nathan Ho – CEO Email [email protected] Contact: 7777 Center Avenue, Suite 210 Huntington Beach, California 92647, USA Disclaimer: This press release is provided by the ONFA FINTECH USA CORPORATION. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. 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Yahoo
10-05-2025
- Politics
- Yahoo
Two candidates backed by teachers' union elected to teachers' retirement system
May 10—The two newly elected members of the State Teachers Retirement System were backed by the Ohio Federation of Teachers, one of the largest teachers' unions in the state. New member Chad Smith got 11,293 votes and current member Michael Harkness got 10,647 votes. They were the top two in votes, with Joel Gleason, president of the Clearview Education Association near Lorain, receiving 6,155 votes. Current board chair Rudy Fichtenbaum was the only candidate to qualify for the retired member seat up for election this year, so no election was required. He will retain the seat with his new term beginning Sept. 1, 2025, and running through Aug. 31, 2029. Michael Harkness is the first vice president of the Akron Education Association and has been with Akron Public Schools for 14 years. Harkness has served on the STRS board since being appointed in fall 2024. Chad Smith is a 27-year veteran teacher in Columbus City Schools with leadership experience with his union, the Columbus Education Association. "Michael Harkness and Chad Smith have pledged to work with the current board majority to continue improving transparency and accountability at STRS and to continue stabilizing the fund's financial conditions," said OFT President Melissa Cropper. "These ongoing efforts, spearheaded by Board members that OFT has endorsed in past elections, has allowed STRS to begin restoring benefits by providing cost of living adjustments to retirees and lowering the years of service requirement for contributing members." Cropper said the OFT was concerned as legislators began to call for a review of the composition of the STRS board as the election period was finishing. The 11-member board currently consists of seven elected members (five contributing members and two retirees), three investment experts, all of whom are appointed, and the director of the Department of Education and Workforce or their designee. Educators are concerned that their elected representatives on the board will be pushed out in favor of more appointed members of the board, Cropper said. "Removing elected educators at a time when the fund is performing well and moving in the right direction would be a slap in the face to the people who contribute to the fund and are most impacted by the decisions being made," Cropper said. Scott DiMauro, president of the Ohio Education Association, agreed with Cropper. "Elected board members who represent participants in the system are the best stewards of the pension fund," DiMauro said. "The current composition of the Board provides for this along with significant input from four appointed members. OEA is actively engaging legislators to reiterate our position on board composition and will advocate on this issue throughout the legislative process." STRS oversees about $95 billion invested on behalf of Ohio's educators. About half a million teachers and retirees are paying into or receive benefits from STRS. STRS has been embroiled in controversy in the last few years following the dismissal of its previous executive director, a takeover by board members who want more transparency, and a lawsuit against two of its board members from the state. In 2017, the state stopped cost-of-living increases for STRS retirees, following a 2012 pension reform law that required public employees to work longer for fewer benefits. In 2022, a one-time cost-of-living adjustment of 3% was made, but retirees still say it is not where they want it to be. The board is looking for the next director of the STRS, after the previous director was paid to leave in 2024 and a previous interim director left in 2024.
Time of India
09-05-2025
- Time of India
OFT hands over 92 Trichy Carbine rifles to Kerala police
Trichy: Ordnance Factory Tiruchirappalli ( OFT ) handed over 92 TriCa (Trichy Carbine 7.62x39 mm), a mini version of Trichy Assault Rifle (TAR), to the Kerala police force on Friday. This is the first delivery of the rifles from OFT, a unit of Advanced Weapons & Equipment India Limited (AWEIL) functioning under the ministry of defence. Executive director Sanjay Shrivastava along with general managers flagged off the vehicle carrying the weapons to Kerala. TriCa is an indigenously developed weapon. OFT said that TriCa has the size of a typical submachine gun, weighing 3.5kg (with magazine) and with a firing range of up to 175m. It is a light and compact weapon designed for the crews of infantry combat vehicles, helicopters, paratroopers, police personnel, personnel guarding high secure buildings including airports, and special operation was first released by the factory in July 2021, and the Kerala police placed the order for 92 rifles in 2022. As of May 2025, OFT said it has received orders from Assam forest and Central Bureau of Narcotics (CBN) units for the weapon. Besides, TAR and TriCa, OFT has also been manufacturing the 12.7mm stabilised remote control gun (SRCG) system.
The Hindu
09-05-2025
- The Hindu
Tiruchi Ordnance Factory hands over first batch of TriCa weapons to Kerala police
Ordnance Factory, Tiruchi, a unit of Advanced Weapons and Equipment India Ltd. under the Ministry of Defence, has handed over the first batch of 92 numbers of TriCa (Trichy Carbine) weapons to the Kerala police on Friday. The 7.62 x 39 mm weapons were handed over to the Kerala police at an event held at the Ordnance Factory here by Sanjay Shrivastava, Executive Director, OFT, with senior officials taking part. TriCa was indigenously developed through in-house R&D by the OFT. The order for 92 numbers of TriCa was placed by the Kerala police based on successful trials conducted by it at the factory. TriCa has the size of a typical submachine gun with caliber of 7.62 x 39 mm and a firing range of up to 175 metres. It is a light and compact weapon designed for the crews of infantry combat vehicles, paratroopers, helicopters, police personnel, and security men guarding high-security buildings such as airports and special operation forces wherein the requirement of a quick response and relatively powerful individual automatic weapon is the necessity. The OFT has received an order from the Assam Forest and the Central Bureau of Narcotics. OFT is expecting further orders from various police forces based on the successful issue of the first lot, an official release said.
