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Galaxy Asset Management: April 2024 Month End AUM

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NEW YORK, May 23, 2024 /CNW/ – Galaxy Digital Holdings Ltd. (TSX: GLXY) (“Galaxy”) announced that its affiliate, Galaxy Asset Management, (“GAM”), reported preliminary assets under management of $5.7 billion as of April 30, 2024. The 27.3% decrease in preliminary AUM compared to the prior month was primarily driven by the continued successful liquidation of assets associated with an ongoing opportunistic mandate and market depreciation.

Assets Under Management (“AUM”)(a)(b) (in millions)

3/31/23

6/30/23

9/30/23

12/31/23

3/31/24

4/30/24

Funds(c)

$2,437

$2,489

$2,305

$3,098

$4,351

$3,787

Opportunistic(d)

$1,612

$2,078

$3,440

$1,875

Total

$2,437

$2,489

$3,917

$5,176

$7,791

$5,662

(a)

All figures are unaudited. AUM is inclusive of sub-advised funds, committed capital closed-end vehicles, seed investments by affiliates, affiliated and unaffiliated separately managed accounts, and fund of fund products. Changes in AUM are generally the result of performance, contributions, withdrawals, new mandates, and acquisitions.

(b)

AUM for committed capital closed-end vehicles that have completed their investment period is reported as NAV plus unfunded commitment. AUM for quarterly close vehicles is reported as of the most recent quarter available for the applicable period. AUM for affiliated separately managed accounts is reported as NAV as of the most recently available estimate for the applicable period.

(c)

“Funds” line item consists of AUM held in GAM’s Passive, Active, and Venture funds.

(d)

“Opportunistic” AUM are near-term or mid-term engagements to unwind portfolios managed by GAM.    

Additional information regarding GAM can be found on our website at https://www.galaxy.com/asset-management.

About Galaxy 

Galaxy (TSX: GLXY) is a digital asset and blockchain leader providing access to the growing digital economy. We serve a diversified client base, including institutions, startups, and qualified individuals. Since 2018, Galaxy is building a holistic financial platform spanning three complementary operating businesses: Global Markets, Asset Management, and Digital Infrastructure Solutions. Our offerings include, amongst others, trading, lending, strategic advisory services, institutional-grade investment solutions, proprietary bitcoin mining and hosting services, network validator services, and the development of enterprise custodial technology. The company is headquartered in New York City, with global offices across North America, Europe, and Asia.

Additional information about Galaxy’s businesses and products is available on www.galaxy.com 

Disclaimers

GAM is an affiliate of Galaxy Digital Holdings Ltd., a company listed on the Toronto Stock Exchange (“TSX”).  The TSX has not approved or disapproved of the information contained herein.

SOURCE Galaxy Digital Holdings Ltd.

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indent and Red Seven Announce Strategic Partnership to Strengthen Creative IP-Works

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This collaboration will leverage Nola’s Creative Writing Platform to enhance webtoon development and drive innovation in IP creation.

TOKYO, April 4, 2025 /PRNewswire/ — indent, Inc., the developer of Nola, a creative Writing platform[*1] that connects over 500,000 writers with more than 30 publishing labels, has entered into a strategic partnership with Red Seven Inc., led by CEO Lee Hyun-seok, a group company of Red Ice Studio, known for producing “Tomb Raider King”.tom

On March 1, 2025, both companies agreed to strengthen the corporate “IP Development Total Package,” leveraging Nola’s extensive database of over 2 million Japanese “gensaku” – original IP-works –  by Providing comprehensive support for businesses, from sourcing and discovering original IP-works to developing them into full-fledged multimedia content, including webtoons, comics, and novels.

Purpose of the Partnership

This alliance aims to contribute to the growth and revitalization of the global webtoon market, with a particular focus on Japan and South Korea. It does so by leveraging Red Seven’s production expertise, which has resulted in numerous high-quality global hit webtoons such as “The Great Mage Who Returned After 4000 Years” and “Tomb Raider King”, along with Nola – Creative Writing Platform, indent’s creative platform that connects writers and companies. 

Background and Vision of the Partnership

With the widespread adoption of digital devices, the webtoon market has firmly established itself in South Korea as a platform optimized for multimedia storytelling. This market is experiencing rapid global expansion, including in Japan, and is projected to reach 3.85 trillion yen by 2028[*2]. However, as the industry grows at an unprecedented pace, ensuring a sustainable production system and maintaining quality remain pressing challenges.

Until now, indent has supported businesses seeking to develop media-mixable IPs originating from novels, manga, and webtoons through its IP Development Total Package, leveraging a database of over 2 million Japanese “gensaku” (original IP-works) created by 500,000 writers. With this new partnership, Red Seven will take the lead in overseeing and providing comprehensive support for the webtoon sector within this package.

By utilizing Red Seven’s specialized expertise in establishing and expanding production systems, this collaboration will drive business growth for participating companies while also helping to build a sustainable ecosystem for the long-term success and innovation of the webtoon industry.

Statements from Company Representatives

Red Seven Inc, CEO,  Lee Hyun-seok

“As of 2024, Japan’s manga industry has reached a historic high, surpassing 700 billion yen. In light of this industry milestone, Red Seven and indent have formed a business alliance to foster meaningful collaboration in the webtoon market.

Amid this period of growth driven by digital innovation, both our companies recognize the critical importance of developing high-quality IP and productions and are committed to ensuring the sustainable development of the webtoon industry.

Our partnership aims to discover talented creators and nurture original works that captivate both Japanese and global audiences. Both companies will work to create an environment where creators can fully realize their potential.

By combining indent’s expertise in operating Nola – Creative Writing Platform with Red Seven’s extensive experience in webtoon production, this collaboration will enable a mutually complementary partnership. Through these efforts, both our companies seek to contribute to the healthy growth of the webtoon industry and deliver valuable content to readers worldwide.”

indent, Inc., CEO Yuki Kamagata

“This alliance is a major step toward creating new value in the rapidly expanding webtoon market by maximizing the strengths of both companies.

With demand for Japanese original works increasing around the world, our company envisions to contribute to the development of the industry as a whole by establishing a consistent support system for the creation of media-mixable IP starting from webtoons through this alliance.

indent, Inc. will combine the expertise and resources of both companies to explore new possibilities for webtoon. The goal is to create an environment where writers using the Nola – Creative Writing Platform can focus more on their craft, while also fostering a dynamic ecosystem where businesses and emerging talent connect, leading to the creation of inspiring content.

What is  “IP Development Total Package”?

Target Audience: Companies aiming to create media-mixable IP, starting from webtoons, novels, and manga.
Package Contents: Comprehensive support is provided, covering everything from identifying and acquiring original works to full-scale production.

Recruitment of Japanese “gensaku” (original IP works)

Example: Utilizing the “Editorial Board” Feature

A corporate-exclusive feature within Nola – Creative Writing Platform Novel, a novel submission site where works written on Nola – Creative Writing Platform can be posted directly. This function allows companies to list the types of works they seek and specify key criteria, enabling them to identify and acquire submissions from writers tailored to their needs.

Example: Japanese “gensaku” (original IP works) identify and acquire Contest

Taking advantage of the fact that more than 60,000 new works are created each month on Nola – Creative Writing Platform, the contest facilitates connections between companies and emerging authors. Companies receive support in designing contest requirements to align with the type of works they seek.

Comprehensive assistance is provided for all aspects of contest operations, including contest page design and development, management, and expanding awareness among writers.

Discovery of Japanese “gensaku” (original IP works)

Red Seven, which has produced multiple global hit webtoons, and Yui Tsutsumi, the outside director of indent, recognized for discovering and editing numerous successful works in the isekai (otherworldly) genre, lead IP discovery efforts. A specialized discovery team with expertise in content selection, along with proprietary systems, is used to identify promising original works.

Co-production of works

In the webtoon sector, support is provided for the adaptation of promising Japanese “gensaku” (original works) into webtoons. This process maximizes Indent’s editorial resources while leveraging Red Seven’s expertise and production know-how.

Please feel free to contact us at the following link.
For inquiries, please contact: https://indent.co.jp/en/contact

(*1) What is “Nola – Creative Writing Platform”?

Nola – Creative Writing Platform is a creative platform operated by indent, Inc., that connects authors and companies, with over 500,000 registered authors. In addition to supporting data synchronization across both PC and mobile devices, the platform offers various tools to facilitate structured storytelling, including plot creation, character management, and setting material organization. Features such as manuscript writing, setting management, and plotting functions have been developed to support authors in their creative endeavors.

Nola – Creative Writing Platform Service HP:
https://nola-novel.com/ 

App Store:
https://apps.apple.com/jp/app/id1468307521

Google Play:
https://play.google.com/store/apps/details?id=com.nola.app&hl=ja&gl=US 

(*2) QYResearch <2023> “Global Webtoon Market Report 2023-2029”.

Red Seven Co.

Company name: Red Seven Co.
Location: Victoria Center 7F, 4-6-10 Yotsuya, Shinjuku-ku, Tokyo
CEO: Lee Hyun-seok
Establishment: January 11, 2019 (Established on September 14, 2020 by reorganizing L7, a limited liability company)
Business: Production, import, export and distribution of comics, etc., and production, import, export and distribution of animation and movies, etc.
Company URL: https://redseven.jp/  

indent, inc. Company Profile

Company name: indent, Inc.
Location: 4F Kanda Misaki-cho Building, 3-6-12 Kanda Misaki-cho, Chiyoda-ku, Tokyo
CEO Yuki Kamagata
Establishment: October 8, 2019
Business: Planning, development, and operation of Internet services
Company URL: https://indent.co.jp/en   

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/indent-and-red-seven-announce-strategic-partnership-to-strengthen-creative-ip-works-302419831.html

SOURCE indent, Inc.

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Roborock Releases Matter Protocol Update, Leading Smart Home Integration

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SYDNEY, April 4, 2025 /PRNewswire/ — Roborock, the global leader in ultra-intelligent home robotics engineered to simplify daily life, is proud to announce the firmware update that enhances the implementation of the Matter protocol across several of its premium robot vacuum models. This highly anticipated firmware arrives after Roborock’s earlier announcement that pledged pioneering inclusion of the Matter protocol, marking a significant milestone in smart home integration, and allowing users to seamlessly control their Roborock devices within Matter-supported ecosystems for a more unified, safe, and efficient smart home experience.

The Power of Matter: A Game-Changer for Robot Vacuums

The Matter protocol is a universal smart home standard developed by the Connectivity Standards Alliance (CSA), designed to unify devices across different brands and platforms. As an early adopter of Matter, Roborock remains committed to platform interoperability and ensures its robot vacuums can effortlessly, and safely, communicate with other smart home devices – such as voice assistants—regardless of manufacturer. This interoperability has been eagerly awaited in the robot vacuum industry, as it eliminates compatibility barriers, enhances user experience, adds on data security, and simplifies smart home management through a single, cohesive system.

Matter Compatible Devices from Roborock & firmware Update Details

The following Roborock models will receive a firmware update between April 1-10, 2025 (USA time). The upgrade will be a major expansion of the Matter protocol support on Roborock devices that will further enhance the user experience. Users are recommended to wait patiently for the update to arrive, as exact timing will depend on different timezones. The devices receiving Matter functionality in early April are as follows:

Owners of these Matter-compatible devices, including the latest Saros series by Roborock, will enjoy enhanced connectivity with platforms like Apple Home, Google Home, Amazon Alexa, and more, ensuring a smoother and more responsive smart home experience.

Starting today, users can easily control compatible Roborock robot vacuum cleaners with the Home app on iPhone, iPad, Apple Watch, Apple TV, HomePod, or Mac running the latest firmware.

Please note that specific Matter-related functionality may vary not only by Roborock device, but also by ecosystem. As usual, Roborock will keep upgrading its Matter-related firmware on a continuous basis to further enhance user experience as it works with all major platforms that integrate Matter.

For more ecosystem-specific information on how they implement the different versions of the Matter protocol and what options are available to ecosystem users, please refer to the ecosystem’s developer websites or firmware update notes.

Expanding Matter Support to More Roborock Devices

Roborock remains committed to broadening Matter compatibility across its product lineup. The company plans to extend support to the Roborock S8 Max Ultra and Qrevo Slim in the upcoming weeks and months, with more models coming soon, further solidifying its position as a leader in smart home innovation.

Works With Apple Home

Starting today, users can easily control compatible Roborock robot vacuum cleaners with the Home app on iPhone, iPad, Apple Watch, Apple TV, HomePod, or Mac running the latest firmware. After installing the Roborock S8 MaxV Ultra, a Works With Apple Home certified Roborock product, users can control it on the  Home app, and add it to custom automations, like cleaning the living room every day at 2 p.m. Or, ask Siri to “clean the kitchen” hands-free.

The Works with Apple Home badge is a trademark of Apple Inc. Requires an iPhone running iOS 18.4 or later or an iPad running iPadOS 18.4 or later for pairing and local control, or a home hub such as HomePod or Apple TV running compatible firmware for automations, notifications, and remote access.

ENDS

 

About Roborock   

Roborock is a leading smart cleaning brand renowned for its intelligent cleaning solutions. With a steadfast dedication to becoming a global leading smart appliance player, Roborock enriches lives with its innovative line of robotic, cordless, wet/dry vacuum cleaners, and washer-dryers. Rooted in a user-centric approach, our R&D-driven solutions cater to diverse cleaning needs in over 15 million homes across 170+ countries. Headquartered in Beijing and with strategic subsidiaries in key markets, including the United States, Japan, the Netherlands, Poland, Germany, and South Korea, Roborock is dedicated to elevating its market presence worldwide. For more information, visit https://au.roborock.com/.   

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/roborock-releases-matter-protocol-update-leading-smart-home-integration-302420564.html

SOURCE Roborock

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Omar Habbas Partners with San José Spotlight to Launch Educational Journalism Initiative

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Omar Habbas, founding attorney of Habbas & Associates, has announced his support for a new educational initiative in partnership with San José Spotlight. This program aims to provide hands-on training and mentorship to aspiring journalists, ensuring the future of independent local news in Silicon Valley.

SAN JOSE, Calif., April 3, 2025 /PRNewswire/ — The decline of local journalism is a growing concern, with over 3,200 newspapers shuttered across the U.S. since 2005. This loss has led to increased misinformation, reduced civic engagement, and growing political division. As a longtime advocate for truth and justice, Mr. Habbas recognizes the critical role journalism plays in an informed society.

“Law and journalism are deeply connected—we both fight for truth, accountability, and justice,” said Mr. Habbas. “I am proud to support San José Spotlight in this effort to train the next generation of reporters and uphold the integrity of local news.”

Founded in 2019, San José Spotlight is Silicon Valley’s first nonprofit newsroom, dedicated to independent and investigative journalism. The new initiative will provide students and aspiring reporters, particularly those from underrepresented backgrounds, with mentorship, resources, and real-world experience in the field.

With Mr. Habbas as the program’s first major sponsor, San José Spotlight is also seeking additional funding from philanthropic organizations and individuals who believe in the power of local journalism.

For more information or to support this initiative, visit San José Spotlight.

Media Contact:
Omar Habbas
408-278-0480
Habbas & Associates

View original content to download multimedia:https://www.prnewswire.com/news-releases/omar-habbas-partners-with-san-jose-spotlight-to-launch-educational-journalism-initiative-302420482.html

SOURCE Habbas & Associates

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