Latest news with #StevenShi
Malaysian Reserve
28-05-2025
- Business
- Malaysian Reserve
OSL Wealth Debuts Stablecoin Yield-Generating Product via Ethena
TL;DR: OSL Wealth Partnership with Ethena, giving institutional clients dollar-pegged stability, auto-compounding on-chain yield, and daily liquidity. HONG KONG, May 28, 2025 /PRNewswire/ — OSL Wealth, under OSL Group, announces a new yield-generating product that seamlessly channels the performance of Ethena Labs' Staked USDe (sUSDe) to OSL's professional and institutional clients. Clients simply trade through OSL's OTC desk—using USD or USDT—and receive an instrument that (i) auto-compounds historically low-to-mid-teen net APY into its price, (ii) maintains constant 1:1 redemption into USDe for dollar stability, (iii) offers business-day subscriptions and redemptions with no lock-ups or performance fees, and (iv) is safeguarded around the clock in OSL's segregated, insured custody. sUSDe is the reward-bearing version of Ethena's synthetic stablecoin, USDe. By pairing ETH collateral with short perpetual-futures hedges, the underlying protocol harvests funding-rate income and staking rewards, compounding them into the token's value while preserving a 1:1 dollar peg. OSL Wealth now wraps that mechanism inside its own regulated offering, so clients can benefit from sUSDe's yield without managing staking wallets, on-chain hedges, or complex custody flows. Tony Luk, Head of OSL Wealth stated, 'Our clients want dollar stability that earns a real return, delivered through an institution they already trust. By integrating sUSDe under OSL's compliance, custody, and security framework, we've turned a technically demanding DeFi strategy into a turnkey income product.' 'OSL has set the bar for regulated digital asset services in Asia,' noted Steven Shi, Head of Institutional Growth, Ethena Labs. 'Their adoption of sUSDe brings our yield-bearing stablecoin to an audience that demands both transparency and institutional-grade safeguards.' ¹ Past performance is not indicative of future results. Yield fluctuates with perp-funding rates and staking returns. About OSL Hong Kong As a subsidiary of the publicly listed OSL Group (HKEX: OSL Digital Securities is Hong Kong's first and most established SFC-licensed and insured digital asset platform. Operating since 2018, the platform provides institutional-grade digital asset services to corporations, financial institutions, professional and retail investors. OSL Hong Kong delivers services across five core domains: OTC brokerage, Omnibus broker solutions, custody, wealth management, and retail services. The OTC brokerage services provide 24/7 high-liquidity crypto trading with fiat on/off-ramp services. Custody solutions feature client-asset segregated wallet management backed by US$1 billion insurance coverage. The wealth management suite offers crypto investments to traditional investors, including tokenised treasuries, RWAs, structured crypto products, and quant investment strategies. Retail services bring institution-grade security and crypto access to professional and retail investors. As a pioneer in bridging traditional finance and the digital asset economy, OSL Group adheres to its core concept: Open, Secure, and Licensed, empowering the next generation of global financial infrastructure. In addition to Hong Kong, OSL Group expands operations under full regulatory compliance in Japan, Australia, Europe and beyond. For more information, visit About Ethena Labs Ethena is the protocol behind USDe, the third-largest and fastest growing USD-denominated crypto asset in history. Ethena has $6.2 billion in TVL today, alongside integrations with some of the largest centralized exchanges and major DeFi applications. Ethena Labs, a contributor to the protocol, is backed by Fidelity, Franklin Templeton, Dragonfly, Binance Labs, Bybit and OKX among others.
Techday NZ
08-05-2025
- Business
- Techday NZ
Evernet to boost managed IT services with LogicMonitor AI tools
Evernet Systems has partnered with LogicMonitor to enhance its managed services using AI-powered monitoring and operational insights. LogicMonitor's agreement with Singapore-based Evernet will see the integration of its Software-as-a-Service (SaaS) observability platform within Evernet's suite of offerings. Evernet is known for providing IT infrastructure, networking, cybersecurity, cloud services, telecommunications, and Internet of Things (IoT) solutions. LogicMonitor's technology will allow Evernet to deliver real-time monitoring, automation, and improved operational visibility to its customers. The partnership is intended to help Evernet facilitate service reliability, minimise downtime, and optimise their clients' IT performance by leveraging AI-powered observability tools. Richard Gerdis, Vice President and General Manager, APJ, LogicMonitor, commented on the significance of the collaboration. He said, "Evernet is leading the way in next-generation managed services, and LogicMonitor is proud to support their transformation. With our unified observability platform, LM Envision, Evernet can proactively monitor IT environments, automate issue detection, and provide deeper insights that improve service quality. This partnership will help Evernet scale its operations, drive stronger customer relationships, and increase business resilience. We look forward to many years of successful partnership." With the introduction of LogicMonitor's LM Envision, Evernet intends to address customer demands for transparency and simplified management of IT infrastructure. The platform contains over 150 dashboard templates, supporting customised reporting and enhanced clarity for end-users. Steven Shi, Founder and Managing Director, Evernet, outlined how the deployment of LogicMonitor's platform supports the company's strategy. He said, "Evernet has built a strong reputation by delivering reliable, secure, and innovative IT solutions. However, providing customers with detailed insights into their IT environments was previously a challenge. LogicMonitor Envision makes this seamless with over 150 built-in dashboard templates, helping us generate custom reports with ease. Our customers now get clear visibility into their IT performance, improving decision-making and overall service experience." One of the advantages cited for working with LogicMonitor is the scalability of its observability tools. Evernet anticipates that the partnership will enable it to expand its customer base and enter new markets without the need for frequent infrastructure upgrades. This is expected to result in simplification of operations and a greater focus on delivering reliable IT solutions to support clients' business growth. Steven Shi further noted the impact of the collaboration for Evernet's customers. He said, "Businesses that use Evernet's services now have access to a single, AI-driven platform that increases IT reliability, strengthens service-level agreements, and improves overall performance. This partnership is testament to LogicMonitor's commitment to empowering technology providers with the tools they need to scale, enhance service quality, and enable digital transformation." The partnership brings additional operational resilience to Evernet's managed services, enabling clients to benefit from improved monitoring and actionable data in real time. LogicMonitor's LM Envision platform is designed to support observability across on-premises and multi-cloud environments, providing IT and business teams with greater visibility and predictive insights into their organisations' systems and applications.
