Latest news with #YatSiu
CNBC
25 minutes ago
- Business
- CNBC
Ethereum, altcoins are big beneficiaries of tokenization: Aminoca Brands Chairman
Yat Siu, Chairman of Web3 game developer Animoca Brands talks to CNBC's Squawk Box Asia Chery Kang about the factors driving tokenization of real world assets and why Ethereum is a good a barometer for the altcoins ecosystem.
Business Wire
6 days ago
- Business
- Business Wire
Animoca Brands and ProvLabs to Co-Develop NUVA to Accelerate Access to Tokenized Real-World Assets (RWAs)
NEW YORK--(BUSINESS WIRE)--Animoca Brands and Provenance Blockchain Labs (ProvLabs) today announced they have formed a strategic partnership to co-develop NUVA, a vault marketplace that connects real-world asset (RWA) issuers with investors. NUVA will be a unified, chain-agnostic vault marketplace that offers a curated set of vaults from leading asset issuers, each with distinct yield strategies and risk profiles. Investors including retail investors, institutions, Web3 foundations and treasuries will be able to access a wide range of investment products permissionlessly via NUVA. Asset issuers will be able to use NUVA to bring their own assets on-chain and access an entirely new global distribution channel. Built on the Provenance Blockchain, which is designed for financial services and currently holds over US$15.7 billion in RWA total value locked (TVL), NUVA will initially offer nuYLDS and nuHELOCs vaults backed by two of Figure Technologies' industry-leading, digitally native on-chain RWA assets: YLDS, the first U.S. SEC-registered yielding stablecoin security, and HELOCs, fixed-interest rate home equity loans issued by Figure Lending LLC, the largest non-bank HELOC lender in the U.S. with over US$16 billion funded to date. NUVA is scheduled to launch in Q4 2025, and plans to issue a token for governance rights, staking rewards, and other utilities to align all participants in the NUVA ecosystem. According to the terms of the partnership, Provenance Blockchain Labs will focus on product and infrastructure development, while Animoca Brands will utilize its extensive Web3 ecosystem and institutional relationships to drive go-to-market, tokenomics, and listing. Yat Siu, co-founder and executive chairman of Animoca Brands, said: 'Tokenized RWAs, which are projected to be worth up to $30 trillion by 2030, today are fragmented across chains and marketplaces, limiting their reach and impact. Together with NUVA, we want to make institutional-quality assets radically more accessible across a unified, multi-chain ecosystem, while setting the stage for a new era of user-owned financial networks. This is an important leap toward a more inclusive, on-chain financial system.' Anthony Moro, CEO of ProvLabs, added: 'This is the partnership the RWA industry has been waiting for. Animoca Brands brings Web3's best community and combines it with the world's largest pool of real-world assets ledgered on Provenance Blockchain. This combination of industry leaders will power the next generation of financial innovation to unimaginable heights.' Mike Cagney, executive chairman of Figure Technologies, said: 'We're excited NUVA has decided to launch using Figure's HELOCs and $YLDS as initial assets. It is good to see the platform leverage the unique capabilities of the Provenance Blockchain and contribute to continued expansion in DeFi.' About ProvLabs Provenance Blockchain Labs (ProvLabs) powers digital assets with mission-critical APIs and SaaS services that enable the tokenization and management of real-world assets at scale on Provenance Blockchain. ProvLabs' services provide a frictionless path to Web3 enablement and are built specifically for Provenance Blockchain Network, the world's largest public Layer 1 blockchain network with over $15 billion in real-world assets total value locked (TVL). Learn more at and follow us on X and LinkedIn. About NUVA NUVA is the first DeFi marketplace on Provenance Blockchain, where leading asset issuers leverage blockchain vault technology to bring innovative, institutional-quality assets to everyone, everywhere. The platform opens one-click access to an extensive, curated selection of tokenized real-world assets (RWAs) and DeFi opportunities while eliminating intermediaries and reducing transaction costs. Built by Animoca Brands and Provenance Blockchain Labs, NUVA makes all assets globally accessible and composable. NUVA's utility token is $NUVA, used for governance, staking rewards, and transaction fees. Learn more at and follow NUVA on X and LinkedIn. About Animoca Brands Animoca Brands Corporation Limited (ACN: 122 921 813) is a global Web3 leader that leverages tokenization and blockchain to deliver digital property rights to consumers, helping to establish the open metaverse and its associated network effects. It has received broad industry and market recognition including Fortune Crypto 40, Top 50 Blockchain Game Companies 2025, Financial Times' High Growth Companies Asia-Pacific, and Deloitte Tech Fast. Animoca Brands has three integrated business pillars: Web3 businesses to advance blockchain adoption with native projects such as Moca Network, Anichess, The Sandbox, Open Campus, NEOM Web3 initiatives, and a regulated stablecoin project in partnership with Standard Chartered and HKT; digital asset advisory services including tokenomics advisory, liquidity provisioning, and institutional research to help external Web3 projects grow; and investment management, with a portfolio of investments in over 570 companies including industry leaders Pudgy Penguins, Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, OpenSea, Dapper Labs, YGG, and many others.
Yahoo
05-08-2025
- Business
- Yahoo
HK's Stablecoin Regime In Focus As Race With US Heats Up
Asian policymakers are pushing through stablecoin regulations to keep up with Washington's promotion of the sector under President Trump. Hong Kong's rules governing stablecoin issuers took effect in August. Animoca Brands Co-founder and Executive Chairman Yat Siu and CertiK Head of Capital Markets and Strategic Intelligence Esme Pau discuss their outlook for the industry with David Ingles on "Bloomberg: The China Show."
Yahoo
02-08-2025
- Business
- Yahoo
Hong Kong Kicks Off Stablecoin Licensing Regime With Eye on Global Hub
Hong Kong officially introduced its long-awaited licensing regime for fiat-referenced stablecoins Thursday, tightening oversight of digital assets as the city pursues its ambition to become a global crypto hub. Under the new law, which took effect on August 1, any company wishing to issue or market stablecoins to retail investors must first obtain a license from the Hong Kong Monetary Authority. The licensing requirements span a host of compliance areas, including reserve asset management, redemption at par value, segregation of client funds, anti-money laundering protocols, disclosures, and fit-and-proper tests for operators. The launch of the stablecoin regime marks the latest chapter in Hong Kong's wider crypto policy overhaul. Over the past few years, the city has implemented a licensing framework for exchanges and introduced new rules on virtual assets as it seeks to rebuild its status as a financial gateway between China and the world. It also comes after the U.S. passed the GENIUS Act, its first piece of federal stablecoin legislation. The contrast between the two regimes is notable. "The key difference is in how the overseeing governments are structured," Yat Siu, co-founder and executive chairman of Animoca Brands, told Decrypt. "In Hong Kong, the HKMA acts as the sole regulator, which simplifies things quite a bit, whereas in the U.S., regulation is layered due to the federal and state systems." While both frameworks require 100% reserve backing to ensure redemption stability, Hong Kong's rules are already in force and offer a multi-currency scope, potentially positioning the city as a more flexible destination for stablecoin projects with global aspirations. Hong Kong's OSL Raises $300M to Bring 'Trusted Access' to Crypto Ahead of Stablecoin Law Rollout On the rise Despite a relatively small domestic market, interest in stablecoins in Hong Kong is rising. Andy K.T. Lau, a partner at David Cameron Law Office, said clients are increasingly looking at stablecoins not just as speculative instruments, but as potential payment rails. "Clients are interested in exploring how stablecoins can facilitate both online and offline transactions, moving beyond mere trading purposes," he said. 'I've observed an increasing interest from clients in forming partnerships with stablecoin issuers and payment platforms. I anticipate new applications across various sectors such as finance, retail, and local businesses," he added. "Many of my clients are eager to seize these opportunities, and I believe that collaboration between traditional financial institutions and digital asset platforms will be crucial for driving stablecoin adoption.' That said, Hong Kong's consumer payment landscape is already saturated. Walk into any shop and you'll see terminals for cards like Visa and Mastercard, QR-based systems like AliPay and WeChat Pay, machines that tap Octopus Cards, and cash. Given that crowd, stablecoins aren't expected to become the go-to payment system — at least as a standalone product that isn't integrated into existing systems — anytime soon. Hong Kong's Upcoming Stablecoin Rules to Shake Up US Dollar Dominance, Deter Bigger Players Instead, local businesses say the real opportunity may lie in international applications. Hong Kong's global trading role gives it an edge for cross-border remittances and business payments, especially for firms that struggle with slow banking rails. Among them, Edwin Cheung, CEO of Gate Dubai and a former head of business development at Gate HK, told Decrypt that firms in mainland China were 'energetic' about the Hong Kong regime. 'They want to leverage this stablecoin regime either through their own stablecoin or they can use this stablecoin technology or blockchain technology to utilize their own payment network within their business.' Though stablecoins aren't permitted to be used under China's strict cryptocurrency regulations, major e-commerce firms like and AliPay have confirmed they are exploring stablecoin use for their international businesses. Broader use cases Cheung said he had spoken to one travel firm that was interested in using stablecoins to make collecting payments from the different countries they work in easier. He said in some cases, it was taking up to thirty days to collect fees from various hotels and firms around the world. 'The timing is one [use]. The other part is they don't have a local bank account or banking railways to collect from [for example] Argentinian or Brazilian hotels,' he said. He added that adoption by large firms could drive greater interest on the retail level, comparing it to AliPay's move into Hong Kong several years ago. 'Mass adoption has to come from a big company that has already got the ecosystem and that has inbuilt the stablecoin into it, and encourages the users to start using it—it will drive the growth,' he added. Hong Kong Passes Law to Regulate Fiat-Pegged Stablecoins Despite the momentum, concerns remain around cost and accessibility. Some firms, such as payment company Airwallex, have disavowed stablecoins completely, saying they don't see how the technology solves pain points in international transfers. Hong Kong's rules also favor big players. Under current rules, stablecoin issuers must have at least HK$25 million in paid-up share capital, a bar that could deter smaller innovators. "To encourage innovation, we should have tiered capital requirements," Tiena Sekharan, Head of Strategic Reserve Solutions at Chavanette Advisors, told Decrypt. "Lower issuance should be possible with lower capital than the current requirement." She also called for a passporting mechanism that would let firms licensed in compliant jurisdictions like the U.S., Singapore, or the EU operate in Hong Kong with minimal red tape. "This would reduce licensing costs for compliant issuers," she added. 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
Business Wire
14-07-2025
- Business
- Business Wire
DDC Enterprise Announces US$100 Million Bitcoin Strategic Partnership with Animoca Brands to Advance Corporate Bitcoin Treasury
NEW YORK--(BUSINESS WIRE)--DDC Enterprise Limited (NYSE: DDC) ('DDC' or the 'Company') today announced that it has signed a non-binding memorandum of understanding ('MoU') with Animoca Brands to develop and implement strategies that maximize yield for the Web3 leader's Bitcoin assets while managing associated risks. The MoU establishes a strategic partnership whereby Animoca Brands will allocate up to US$100 million in Bitcoin towards yield enhancement strategies operated by DDC. The move, which accelerates DDC's Bitcoin accumulation strategy, positions Bitcoin as a key component of contemporary corporate finance strategy, and serves as a blueprint for digital asset adoption among public companies. In addition, Yat Siu, Co-Founder and Executive Chairman of Animoca Brands, will join DDC's newly formed Bitcoin Visionary Council to provide strategic leadership and guidance to ensure the Company's Bitcoin treasury operations align with cutting-edge industry standards and long-term value creation. "This partnership with Animoca Brands marks a transformative step for DDC and reflects our shared vision to accelerate Bitcoin's role as a pristine monetary asset,' said Ms. Norma Chu, Chairwoman, Founder and CEO of DDC. 'The addition of Yat Siu to our newly formed Bitcoin Visionary Council brings exceptional industry experience and network value that will strengthen our strategic direction and help guide our treasury and Bitcoin ecosystem initiatives. Together, we're committed to innovation, disciplined risk management, and unlocking Bitcoin's full potential as a modern treasury asset.' "Our partnership with DDC enables Animoca Brands to enhance the value of our blockchain technologies and maximize the value of our Bitcoin holdings,' added Yat Siu, Co-Founder and Executive Chairman of Animoca Brands. 'Through this partnership, we will focus on developing strategies to enhance Bitcoin's value proposition, leveraging DDC's commitment to advancing corporate Bitcoin treasury solutions." Key Partnership Advantages Accelerates DDC's Bitcoin accumulation strategy Develops yield-generating strategies for Bitcoin treasury corporations Creates a replicable framework for public-company digital-asset adoption About DDC Enterprise DDC Enterprise Limited (NYSE: DDC) is spearheading the corporate Bitcoin treasury revolution while maintaining its foundation as a leading global Asian food platform. The company has strategically positioned Bitcoin as a core reserve asset, executing an aggressive accumulation strategy. While continuing to grow its portfolio of culinary brands – including DayDayCook, Nona Lim, and Yai's Thai – DDC is now at the vanguard of public companies integrating Bitcoin into their financial architecture. About Animoca Brands Animoca Brands Corporation Limited (ACN: 122 921 813) is a global Web3 leader that leverages tokenization and blockchain to deliver digital property rights to consumers, helping to establish the open metaverse and its associated network effects. It has received broad industry and market recognition including Fortune Crypto 40, Top 50 Blockchain Game Companies 2025, Financial Times' High Growth Companies Asia-Pacific, and Deloitte Tech Fast.
