Latest news with #TaaS
Business Wire
4 days ago
- Business
- Business Wire
STOKR Surpasses US$1 Billion in Tokenized Asset Volume, Powering the Rise of Capital Markets Built on Bitcoin
LUXEMBOURG--(BUSINESS WIRE)--STOKR, the European tokenization platform for financial assets, has surpassed US$1 billion in tokenized asset volume, marking a breakthrough moment for real-world assets (RWAs) and reinforcing Bitcoin's role as the foundation for modern financial infrastructure. European tokenization platform STOKR surpasses US$1B in tokenized asset volume, marking a milestone moment in the evolution of capital moments built on Bitcoin. First announced last week at Bitcoin 2025 in Las Vegas, the milestone highlights STOKR's leadership in delivering compliant, blockchain-based investment products—particularly those built on the Liquid Network, Bitcoin's most resilient sidechain, purpose-built for institutional-grade confidentiality, scalability and settlement efficiency. 'Crossing the US$1 billion mark is a powerful validation of our long-term vision of Bitcoin being not just sound money but the foundation of new and improved capital markets,' said Arnab Naskar, Co-Founder and Co-CEO of STOKR. 'As a US$2 trillion network, Bitcoin is more than ready to support hundreds of billions in institutional-grade capital market products. With the right assets and compliant tokenization frameworks in place, this milestone is just the start. Our sights are already set on US$10 billion—and we're picking up speed.' BMN2 Ranks as Second-Largest RWA Globally STOKR's billion-dollar milestone was driven by a broad suite of tokenized securities, including equity, debt, fund units and products anchored in Bitcoin infrastructure. Among the top performers is the Blockstream Mining Note 2 (BMN2), issued by Blockstream Mining, which now ranks as the second-largest RWA by volume globally, valued at US$790 million as of May 12, 2025. BMN2 follows the success of BMN1, which matured in July 2024 with a record 1,212 BTC payout, delivering up to 103% cash-on-cash return—one of the highest in RWA history. STOKR is also at the forefront of fixed-income miner financing, having originated over US$400 million in hashrate-backed debt products to date. These offerings enable miners to raise capital using future hashrate as collateral, expanding the use of Bitcoin infrastructure as a productive financial layer and attracting increasing interest from professional investors. Institutional Strategy Accelerates with Key Appointments As demand for compliant tokenized assets grows, STOKR has appointed Federico Demicheli as Director of Institutional Partnerships and Egor Sukhanov as Head of Product for its API-driven Tokenization-as-a-Service (TaaS) platform. Federico Demicheli, a former investment banker with years of experience at Barclays and UBS, will lead strategic partnerships with asset managers and financial institutions. Egor Sukhanov, who spent over seven years at Solarisbank, will oversee the development of STOKR's TaaS infrastructure to support scalable issuance and investor onboarding for institutional clients. Post-Funding Growth Positions STOKR for Next Phase of Expansion Following a successful US$7.4 million funding round in 2024 led by Fulgur Ventures, STOKR has significantly expanded its operations, adding new product lines, nurturing strategic partnerships with industry leaders such as Blockstream and Medad Holding, as well as creating one of Europe's first corporate Bitcoin treasuries. With over US$1 billion in tokenized assets, STOKR is now scaling Bitcoin's capital markets stack—spanning tokenized funds, equities, bonds, and real-world asset-backed products. To learn more about STOKR or to explore investment opportunities, please visit About STOKR STOKR is at the forefront of transforming capital markets for the digital era. As a leading digital investment platform, STOKR helps asset managers, fund managers, and issuers to tokenize and manage a diverse range of financial assets. STOKR operates across two core business lines: a full-service, end-to-end tokenization solution for issuers seeking comprehensive support in structuring, launching, and managing full life-cycle of tokenized securities; and an API-first solution (Tokenization-as-a-Service, or TaaS) designed for financial institutions and regulated issuers looking to integrate tokenization directly into their own systems. In 2025, STOKR surpassed US$1 billion in total tokenized asset volume, reinforcing its leadership in the real-world asset (RWA) space and its pivotal role in reinforcing Bitcoin's role as the foundation for modern financial infrastructure. With over six years of experience in the tokenization space, STOKR merges cutting-edge technology with regulatory robustness to support the institutional shift toward digital assets. As a Virtual Assets Service Provider (VASP) registered with the CSSF in Luxembourg, STOKR is committed to the highest standards of regulatory compliance, ensuring a reliable and trustworthy platform for all stakeholders.
Yahoo
21-05-2025
- Business
- Yahoo
Turnium Technology Group Reports 60.1% YoY Revenue Growth for Fiscal Q2 2025
Highlights: Q2 Revenue of $2.19M and Q2 Gross Margin of $1.28M Q2 Operating Expenses of $1.37M vs $2.82M QoQ - a 51% sequential reduction Positive Adjusted EDITDA of $0.1M in Q2 - ahead of schedule Guidance for Q3 FY2025, ending June 30, 2025: the Company expects Revenue of $2.5M to $2.75M, and Gross Margin of $1.5M to $1.7M Vancouver, Canada--(Newsfile Corp. - May 21, 2025) - Turnium Technology Group Inc. (TSXV: TTGI) (FSE: E48) ("Turnium" or "the Company"), a global leader in Technology-as-a-Service (TaaS), announces its financial results for Fiscal Q2 2025. All financial information is provided in Canadian dollars unless otherwise indicated. Doug Childress, Group CEO of Turnium, commented, "I am delighted to report that much of our team's operational and sales efforts have translated to a positive Adjusted EBTDA for the second quarter, well ahead of schedule. We are confident that we are well-positioned to meet our goal of achieving cash flow positivity on a go-forward basis. In the second quarter, our team executed and delivered on numerous contract renewals and new customer wins, which strengthens our ever-growing global market presence. Our focus remains - develop and deliver new and innovative TaaS solutions and expand our business organically by adding new global channel partners and increasing our monthly recurring revenue (MRR)." The Consolidated Financial Statements and Management Discussion and Analysis ("MD&A") for the second fiscal quarter ended March 31, 2025, are available on the Company's SEDAR profile at *Note: for YoY comparisons, Fiscal Q2 2024 results do not include Claratti, as the acquisition closed on August 22, 2024. Fiscal Second Quarter 2025 Highlights: Revenue increased to $2.19M, up 11.2% compared to $1.97M QoQ and up 60.1% compared to $1.37M YoY; Gross Margin decreased to $1.28M (based on product mix), compared to $1.34M QoQ and $0.99M YoY; Total Expenses decreased to $1.37M, down 51% compared to $2.82M QoQ and $1.37M YoY; Net Loss decreased to ($0.44M), compared to ($1.87M) QoQ and ($0.40M) YoY; Adjusted EBITDA(1) increased to $0.1M, compared to ($1.27M) QoQ and ($0.04M) YoY; Number of Common Shares Outstanding (basic) at the end of the second quarter 2025 were 164,962,446. Current shares outstanding, as of May 21, 2025 are 164,962,446. Fiscal Quarter Financial Highlights: The Company's key financial results for the three months ended March 31, 2025, are as follows: Canadian Dollars Q2 F2025 - For the three months ended March 31, 2025 Q1 F2025 - For the three months ended December 31, 2024 Q4 F2024 -For the three months ended September 30, 2024 Q3 F2024 -For the three months ended June 30, 2024 Total revenue 2,189,664 1,973,697 1,545,810 1,357,317 Gross margin 1,279,799 1,344,216 925,672 849,670 Total Expenses 1,365,536 2,824,061 2,000,367 1,363,395 Net income (loss) (444,542) (1,869,842) (1,575,615) (378,989) Weighted average number of common shares outstanding 164,962,446 164,962,446 136,923,348 107,968,303 Basic and diluted loss per common share (0.00) (0.01) (0.01) (0.00) Special Notes: It is anticipated that revenues and expenses may vary, perhaps materially, from quarter to quarter due to several factors, including changes in product mix, costs related to planned increase in market share, global expansion costs and ongoing corporate development initiatives. Although revenues may fluctuate from quarter to quarter, and such fluctuations may be material, management expects that revenues will increase year over year. There are no known trends or seasonal impacts on the Company's business although seasonal trends may develop as the Company grows. Promissory Notes Update: Subject to regulatory approval, the Company is looking to extend up to $1M in promissory notes, with bonus warrants, to December 31, 2026. Subsequent Highlights to the Fiscal Second Quarter: May 15, 2025 - The Company secured two additional renewable network projects exceeding C$504K with Global Power Generation Australia. GPG Australia becomes one of Claratti's Top 10 Global Customers. (LINK) May 07, 2025 - The Company secured a contract with Seafarer Connect for new CrewMate Lite Services. This agreement expands on the established partnership between Turnium's subsidiary, Claratti, and Seafarer Connect, further enhancing connectivity solutions for international seafarers. (LINK) April 17, 2025 - The Company announced a strategic partnership with Clavister (SE: CLAV), a Swedish-based pioneer in cybersecurity solutions, to integrate Clavister's advanced Next Generation Firewall (NGFW) and AI-powered security technologies into Turnium's TaaS platform. (LINK) April 14, 2025 - The Company announced a cross-selling success as Claratti delivers SD-WAN to Perth-based SLS Advisory. This milestone marks Claratti's first SD-WAN implementation, and demonstrates the synergistic potential created through the acquisition of Claratti. (LINK) Highlights to the Fiscal Second Quarter: March 28, 2025 - The Company announced a comprehensive Cybersecurity contract renewal with Australian-based Instyle Contract Textiles valued at AUD $280,000. (LINK) March 20, 2025 - The Company announced a three-year supplier renewal agreement with Kaseya, valued at AUD $5m. The agreement has enabled the Company to launch Claratti's technology stack across Canada and the US. (LINK) March 13, 2025 - The Company announced the General Availability of version 6.8 SD-WAN software. This version included a BETA version of version 7.0, which has now been successfully deployed to over fifty OEM partner's LAB / test environment. (LINK) March 7, 2025 - The Company announced the revocation of the Management Cease Trade Order (MCTO), following the filing of its annual FYE 2024 results. (LINK) March 6, 2025 - The Company announced its Fiscal First Quarter 2025 Financial Results. (LINK) February 19, 2025 - The Company has renewed an annual contract with Australian-based Tyro Payments for the 11th consecutive year. (LINK) February 10, 2025 - The Company was featured on SmallCapInterviews - Watch Webinar. (LINK) February 7, 2025 - The Company has released its second podcast featuring global Chief Executive Officer Doug Childress and Vice President of product and development Josh Hicks - Listen to Podcast. (LINK) January 30, 2025 - The Company announced a new strategic initiative to build an Intel-based next-generation universal edge device (or appliance) that will include advanced features such as artificial-intelligence-based dynamic traffic steering and post quantum cryptography (PQC). (LINK) January 6, 2025 - The Company launched new podcast series. (LINK) (1) Non-IFRS Financial Measures - Adjusted EBITDA This MD&A references adjusted EBITDA, which is a non-IFRS financial measure. Adjusted EBITDA is not a recognized measure under IFRS, has no standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to adjusted EBITDA presented by other companies. Rather, it is provided as additional information to complement IFRS measures by providing further understanding of the Company's results of operations from management's perspective. Accordingly, adjusted EBITDA should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS. We use non-IFRS financial measures to provide investors with supplemental measures of our operating performance and thus highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS financial measures. We believe that securities analysts, investors, and other interested parties frequently use non-IFRS financial measures in the evaluation of issuers. There are certain limitations related to the use of non-IFRS financial measures versus their nearest IFRS equivalents. Investors are encouraged to review our financial statements and disclosures in their entirety and are cautioned not to put undue reliance on any non-IFRS financial measure and view it in conjunction with the most comparable IFRS financial measures. In evaluating non-IFRS financial measures, you should be aware that in the future we will continue to incur expenses similar to those adjusted in non-IFRS financial measures. Adjusted EBITDA is a non-IFRS financial measure that we calculate as net income (loss) before tax excluding depreciation and amortization expense, share based expense, gain/loss on change on fair value of derivatives, loss on debt settlement, government grants, foreign exchange gain/loss, interest and accretion and SRED refund. Adjusted EBITDA is used by management to understand and evaluate the performance and trends of the Company's operations. The following table shows a reconciliation of adjusted EBITDA to net income (loss) before tax, the most comparable IFRS financial measure, for the three and six months ended March 31, 2025 and 2024: 6 Months endedMar 31, 2025 6 MonthsendedMar 31, 2024 3 Months endedMar 31, 2025 3 monthsendedMar 31, 2024$ $ $ $ Loss before tax (2,324,401) (1,028,087) (444,542) (403,245) Amortization 266,939 28,578 131,744 14,288 Amortization of right-of-use assets 78,842 81,824 40,484 37,686 Share-based compensation 32,839 476,863 9,175 281,333 Gain/Loss on change in FV of derivative 39,253 (5,668) 27,744 (73) Loss on debt settlement - 27,005 - - Government Grant - (32,056) - - Foreign exchange gain (loss) (52,852) (33,866) (51,450) (18,605) Interest and accretion expense 772,418 91,407 382,511 46,418 M&A related one-time transaction costs 11,751 - - - Adjusted EBITDA (1,175,211) (394,000) 95,666 (42,198) About Turnium Technology Group Inc.: "Let's get IT done." Turnium Technology Group Inc. (TTGI) acquires companies that complement its Technology-as-a-Service (TaaS) strategy, integrates them to generate efficiencies, and delivers their solutions through a global channel partner program to customers worldwide. TTGI's mission is to provide IT providers with a complete, white-labeled portfolio of business technology solutions, enabling them to quickly add new services in response to customer demand. In essence, Turnium is building a TaaS platform that incorporates all the services, platforms, and capabilities that ISPs, MSPs, IT Providers, VoIP/UCaaS, CCaaS, or Cloud Providers might need. Additionally, Turnium provides deployment resources, hardware, delivery, support, and marketing and sales enablement to help channel partners go to market quickly and deliver exceptional quality. Turnium delivers secure, cost-effective, uninterrupted, and scalable global IT solutions to its channel partners and their end-customers, ensuring that "We get IT done, right." For more information, contact sales@ visit or follow us on Twitter @turnium. # # # Turnium Contact: Investor Relations: Bill Mitoulas, Email: Telephone: +1 416-479-9547Media inquiries: please email media@ inquiries: please email sales@ CAUTIONARY NOTES Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Information This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain acts, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Some of these risks are described under the "Caution on Forward-Looking Information" section and "Risk Factors" section of the MD&A. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
40+ Ex-NPDI Leaders Launch FTA Global, Unveiling Industry-First 'Team-as-a-Subscription' Model
BANGALORE, India, May 21, 2025 /PRNewswire/ -- In a bold move set to disrupt the traditional marketing agency model, over 40 senior leaders from Neil Patel Digital India (NPDI) have joined forces to launch FTA Global — offering Marketing Teams as a Subscription, built on three core principles: Fast, Tactical, and Accountable. No locked-in contracts. Pay only if performance improves. Positioned as an anti-agency, FTA Global is a reset button for how marketing should truly operate. The idea was sparked by NPDI's top performers - leaders who consistently delivered high-impact results but felt disappointed by an outdated industry playbook: rigid scopes, hierarchical delays, and harassment being considered as a new normal by global management. FTA introduces a first-of-its-kind 'Team-as-a-Subscription' (TaaS) model - embedded, full-stack growth pods that operate across SEO, Paid Media, Content, Creative, and Analytics. Traditionally reserved for high-budget brands, these dedicated teams are now accessible through FTA's efficient and AI-powered delivery model. By integrating directly into client workflows, enabling real-time strategy shifts, async-first execution, and outcome-driven focus, the cost savings are passed on to brands, making top-tier execution affordable. The delivery process is further powered by FTA's proprietary Quant SEO framework, which includes the AI Citation Score (AICS), a first-in-industry metric that helps brands increase visibility in AI-generated search results. "We didn't create FTA to be just another agency," said Senthil Kumar Hariram, Founder, FTA Global. "We created it to fix what's broken. Brands don't need decks and delays — they need agile, embedded teams that deliver outcomes. FTA is our answer to that need." "With our Team-as-a-Subscription model, we're offering something radically different: agile pods, async delivery, and zero fluff. Just fast-moving, accountable execution," he added. FTA is purpose-built to solve real problems with legacy agencies such as disjointed handovers, inflexible scopes, bloated retainers, and lack of strategic agility. With its integrated dedicated team structure and AI-assisted workflows, brands can now scale growth faster, more flexibly, and without long-term contracts. In fact, brands aren't billed if results aren't delivered for the month, putting accountability at the heart of every engagement. With 40+ team members already onboard, FTA plans to grow to 100+ professionals by the end of 2025 and partner with 50+ brands by year-end. About FTA Global FTA Global is a next-generation marketing services company founded by Senthil Kumar Hariram, a veteran with 18+ years of experience who co-built NPDI from the ground up to $5M+ ARR. FTA replaces the outdated agency model with fast, embedded, and accountable growth pods, offered as a monthly subscription. These full-stack teams across SEO, Paid Media, Content, Creative, and Analytics integrate directly into brand workflows to deliver high-impact, measurable growth at speed. Logo: View original content to download multimedia:
Associated Press
15-05-2025
- Automotive
- Associated Press
Goodyear Names Boucharlat to Lead Global Commercial Business
AKRON, Ohio, May 15, 2025 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that Grégory Boucharlat has been named senior vice president, Global Commercial. In this new role, Grégory will join the company's senior leadership team, with responsibility for the global strategic coordination of the company's Commercial tire business. Boucharlat will continue to lead Goodyear's Tires-as-a-Service (TaaS) organization as part of the company's Commercial operations. He will report directly to Mark Stewart, Goodyear Chief Executive Officer and President. Since joining Goodyear more than 30 years ago, Boucharlat has been a key contributor to Goodyear's EMEA Commercial tire business, beginning in truck tire sales and holding various leadership roles of increasing responsibility during his tenure, including vice president, Commercial EU. Grégory expanded his scope by working globally, gaining significant knowledge of Goodyear's Commercial business beyond Europe in his most recent role as vice president, TaaS. 'Grégory brings to this new role proven abilities to drive innovation in our business and expand his leadership responsibility. He is well-positioned to have a fast start and ensure a seamless transition for our Commercial business. I have enormous confidence in his ability to lead our Commercial business on a global scale as our next step in creating a unified and aligned global company,' said Stewart. Boucharlat's appointment is effective immediately. He will be based in Brussels. About The Goodyear Tire & Rubber Company Goodyear is one of the world's largest tire companies. It employs about 68,000 people and manufactures its products in 53 facilities in 20 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to CONTACT: DOUG GRASSIAN 330.796.3855 [email protected] View original content to download multimedia: SOURCE The Goodyear Tire & Rubber Company
Yahoo
13-05-2025
- Business
- Yahoo
Wabash National Corporation (WNC): A Bull Case Theory
We came across a bullish thesis on Wabash National Corporation (WNC) on Substack by DeepValue Capital. In this article, we will summarize the bulls' thesis on WNC. Wabash National Corporation (WNC)'s share was trading at $9.25 as of May 12th. WNC's trailing P/E was 6.13 according to Yahoo Finance. A tractor-trailer speeding along a modern highway, showing the power of the transportation solutions. Wabash National Corporation (WNC), widely perceived by the market as a 'busted trailer stock,' is quietly positioning itself for a significant turnaround as the freight cycle begins to reset. Despite a sharp 70% decline in its stock price over the past year, Wabash is not merely a cyclical metal bender—it is transforming into a modern, vertically integrated logistics solutions provider with growing exposure to higher-margin aftermarket services, trailer technology innovation, and subscription-based models. Its core business remains in transportation solutions, including dry and refrigerated trailers, tankers, and flatbeds, but WNC has strategically expanded into aftermarket parts and services and invested in ESG-friendly innovations like DuraPlate® and EcoNex™ materials. It is also exploring emerging segments like electric and autonomous trailers and Trailers-as-a-Service (TaaS), targeting long-term fleet contracts that could provide recurring revenue. Joint ventures like the Wabash Marketplace (Fernweh) and Wabash Parts (HTI) are efforts to digitize operations and scale aftermarket margin streams, reinforcing the shift beyond just manufacturing. The cyclical downturn in trailer demand—down ~30% in 2024—has depressed results, but signs of recovery are building. Backlogs now cover nine months of production, and the company expects 2025 deliveries to rise year-over-year but still fall below replacement demand, implying a likely rebound in 2026. Wabash's management is proactively executing a 'downturn playbook,' aggressively cutting costs to align with current demand while preparing to capitalize on the next upturn. Financial discipline remains strong, with historical capital returns (ROIC and ROCE) averaging ~13% between 2016 and 2023, and buybacks reducing the share count by 5% annually over the same period—clear signs of shareholder-friendly capital allocation. These moves, combined with the operational reset, suggest that WNC could be at the early stages of a multi-year recovery cycle. If free cash flow returns to $200 million at the peak of the next cycle—a level previously reached—a conservative 6x multiple implies a $1.2 billion valuation, more than triple its current ~$349 million market cap. That would represent 243% upside or a 51% CAGR over three years, assuming execution aligns with macro trends. Questions remain about WNC's ability to monetize newer segments like TaaS and electrification, the sustainability of demand across cycles, and how management's track record will hold in a full rebound. Still, the combination of rising backlogs, strong buyback discipline, and optionality from tech and services presents an asymmetric risk/reward. If the freight cycle turns and management executes, Wabash could evolve from a discarded cyclical into a 3x opportunity over the next few years. Wabash National Corporation (WNC) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 20 hedge fund portfolios held WNC at the end of the fourth quarter which was 15 in the previous quarter. While we acknowledge the risk and potential of WNC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than WNC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
