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BitGo Sets the New Standard for Tri-Party Digital Asset Transactions with Arbelos Markets, Nonco and Superstate’s USTB

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BitGo provides a secure tri-party collateral management solution to leading institutions using Superstate’s tokenized Treasury Bill fund as collateral, highlighting the utility of these modernized financial assets.

PALO ALTO, Calif., June 25, 2024 /PRNewswire-PRWeb/ — 

BitGo’s industry-leading collateral management solution supports a first-of-its-kind tri-party transaction between Arbelos Markets and Nonco, allowing them to execute their trading strategies securely and efficiently.Superstate’s Short Duration U.S. Government Securities Fund, a tokenized fund where shares are issued as ERC-20 tokens, was employed as collateral, successfully highlighting the real-world application and value of tokenized assets.This tri-party transaction underscores the importance of secure market structure to continue to take advantage of opportunities within the digital asset space while ensuring proper protections are in place.

We’ve seen an increased demand to utilize tokenized funds within our Tri-Party Collateral Management business and offering our clients optionality to post them with assets including USTB has been valuable as we support their trading needs.

BitGo, the leading digital asset custodian, successfully supported a pioneering tri-party transaction between a trusted principal liquidity provider in the derivatives market Arbelos Markets, and forward-thinking institutional trading firm Nonco. This bilateral option trade on BTC/USD used Superstate’s USTB, a tokenized fund, as collateral. BitGo Trust Company, Inc. (BitGo Trust) secured the assets using its custodial segregated collateral account.

“This transaction exemplifies the innovative market structure BitGo has been championing alongside our partners for a very long time,” said Adam Sporn, Managing Director of Institutional Sales and Global Head of Prime Sales. “We’ve seen an increased demand to utilize tokenized funds within our Tri-Party Collateral Management business and offering our clients optionality to post them with assets including USTB has been valuable as we support their trading needs.”

Using USTB as collateral represents a significant advancement for institutional trading, as unlike posting USDC or fiat, it earns interest. This transaction demonstrates how tokenized assets like USTB, which provide exposure to T-Bill yields, can be used as collateral to enhance capital efficiency. By leveraging USTB to support these trades, investors can simultaneously earn interest on their collateral and maximize potential returns with more efficient collateral, showcasing a tangible use case of tokenization.

“Our vision at Superstate is for tokenized assets to be portable, programmable collateral with more use cases beyond the investment characteristics of the asset,” said Superstate CEO & Co-founder Robert Leshner. “This trade showcases the utility of tokenized assets, like USTB, and is one of the first tangible examples of innovative, real-world applications. We’re excited to see BitGo bring it to life!”

“We are thrilled to have collaborated with BitGo and Arbelos Markets on this groundbreaking tri-party transaction. Utilizing Superstate’s USTB as collateral not only enhances our trading efficiency but also showcases the transformative potential of tokenized assets. This milestone aligns with our approach to mitigating counterparty risk while contributing to the growth of the digital asset space.” Fernando Martinez, Nonco CEO.

BitGo’s collateral management solution is built off of the strength of BitGo Trust’s bankruptcy remote, qualified custody with $250M in insurance. Collaboration between various BitGo entities delivered monitoring for collateral sufficiency, daily mark-to-market reporting of collateral value to both parties in addition to a designated approval process for either party to withdraw margin or collateral from the collateral account. All of this helps address a key concern that has plagued digital asset investors in today’s markets – counterparty risk.

“This derivative transaction is proof positive that capital efficiency in crypto can be achieved without increasing counterparty risk. Tri-party collateral management solutions like BitGo’s and yield-bearing collateral assets like Superstate’s are the next steps in the institutional adoption of crypto,” said Joshua Lim, co-founder of Arbelos Markets

This collaboration between these major digital asset institutions establishes a new benchmark for secure and efficient transactions in the digital asset space. By leveraging innovative technology and maintaining a commitment to excellence, this tri-party transaction paves the way for broader adoption of digital assets, including tokenized assets, and unlocks exciting possibilities for the market.

About BitGo:
BitGo is the leading infrastructure provider of digital asset solutions for businesses, offering custody, wallets, staking, trading, financing, and settlement. Founded in 2013, BitGo is the first digital asset company to focus exclusively on serving institutional clients. In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets, and established BitGo New York Trust in 2021. In 2022, BitGo launched institutional-grade DeFi, NFT and web3 services. BitGo also supports over 800 digital assets on its platform and provides the security and operational backbone for more than 1500 institutional clients in 50 countries, including many of the world’s top cryptocurrency exchanges and platforms. For more information, please visit http://www.bitgo.com.

About Nonco:
We are an institutional crypto trading firm with a unique approach. With ten years of experience in trading digital assets, our team employs a risk-mitigating, noncustodial approach that leverages clearing, bilateral, and smart contract settlement capabilities. Our expertise spans across stablecoins, legacy and altcoin execution. Discover more at nonco.com.

About Arbelos Markets:
Arbelos Markets is a principal liquidity provider in crypto derivatives markets. The company’s mission is to rebuild crypto capital markets based on provable trust and transparency. Its proprietary Transparency Engine enables real-time visibility and verifiability across its portfolio of risk. The firm provides liquidity 24/7 across centralized markets, on-chain protocols, and more bespoke hedging and yield generation solutions. The team has experience across high-touch franchise trading, financial engineering, and electronic market-making. For more information, visit https://arbelos.xyz/.

About Superstate:
Superstate is an asset management firm modernizing the infrastructure of investment funds for crypto native institutional investors. We offer investment products that benefit from the speed, programmability, and compliance advantages of blockchain tokenization. The Firm launched their first tokenized fund, USTB, in February. USTB currently holds ~$130 million in AUM. Learn more at superstate.co.

Media Contact

Sarah Cohen, Melrose PR, (310) 260-7901, press@bitgo.com

View original content:https://www.prweb.com/releases/bitgo-sets-the-new-standard-for-tri-party-digital-asset-transactions-with-arbelos-markets-nonco-and-superstates-ustb-302181193.html

SOURCE Melrose PR; BitGo

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ZT Mining Pioneers Innovative Solutions in the Cloud Mining Industry

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ZT Mining launches user-friendly cloud mining services with free options, renewable energy integration, and educational resources, promoting sustainable cryptocurrency mining.

READING, England, Dec. 28, 2024 /PRNewswire-PRWeb/ — As the cryptocurrency industry grows, the demand for accessible and efficient mining solutions has never been higher. ZT Mining, a leading innovator in cloud mining, announces a new range of services designed to democratize access to cryptocurrency mining while addressing environmental concerns.

free cloud mining site, best cloud mining, crypto mining

Cloud Mining Made Simple

ZT Mining provides a platform for users to mine Bitcoin and other cryptocurrencies without the need for specialized hardware or technical expertise. By simplifying the process, the company caters to a broad audience, from crypto enthusiasts to first-time investors. Its streamlined registration and user-friendly interface allow participants to start mining in minutes.

Free Cloud Mining Option for Starters

The platform introduces free cloud mining opportunities, enabling users to begin their mining journey without upfront costs. This initiative lowers barriers to entry, making it easier for individuals to explore the cryptocurrency space.

Sustainability at the Core

Recognizing the environmental impact of traditional mining, ZT Mining incorporates renewable energy into its operations. By leveraging green energy sources, the company reduces its carbon footprint, aligning with global sustainability goals.

A Trusted Name in Cloud Mining

ZT Mining emphasizes transparency and reliability. Contracts come with clear terms, competitive rates, and no hidden fees. The platform also offers robust security measures, ensuring user data and funds remain protected.

Empowering Users Through Education

To support informed decision-making, ZT Mining provides educational resources on cryptocurrency and cloud mining. Users can access guides and insights to better understand mining profitability and industry trends.

Industry Recognition

ZT Mining’s innovative approach has positioned it as one of the best cloud mining platforms in the industry. With endorsements from leading crypto analysts and positive user feedback, the company is quickly becoming a trusted name for mining solutions.

Looking Ahead

ZT Mining continues to innovate, aiming to provide even more opportunities for users to benefit from cloud mining. With plans to expand its renewable energy partnerships and introduce advanced mining algorithms, the company is setting the standard for sustainable and user-friendly cryptocurrency mining.

For more information, visit ZT Mining’s official website.

Media Contact

Nancy Delia, ZT CLOUD SERVICES LIMITED, 44 7301463290, nancy.delia@ztmining.com, https://ztmining.com

View original content to download multimedia:https://www.prweb.com/releases/zt-mining-pioneers-innovative-solutions-in-the-cloud-mining-industry-302339664.html

SOURCE ZT CLOUD SERVICES LIMITED

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UBHOME Collaborates with Qualcomm to Release the Smart Lawn Mower, Co-Creating a New Era of Smart Life

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The 2025 CES in the United States is about to unveil a brand-new chapter in the future intelligent home gardening

LAS VEGAS, Dec. 28, 2024 /PRNewswire/ — UBHOME, a sub-brand of UBTECH Robotics, announced an intelligent service robot in collaboration with Qualcomm Technologies, Inc. The Robotic Mower M10 is a revolutionary smart lawn mower announced at the 2025 International Consumer Electronics Show (CES) in the United States. This product is powered by the Qualcomm® RB1 Robotics Platform, showcases UBHOME’s rich experience in robot research and development, and focuses on solving the pain points of traditional lawn-mowing equipment, providing users with a worry-free and labor-saving smart gardening experience, and creates a new model of gardening intelligence.

User-Oriented: The All-New Convenience Brought by the Smart Lawn Mower to Life

The Robotic Mower M10 is not only a high performance tool but also an upgrade of the smart lifestyle. In response to the pain points of users when using traditional lawn-mowing equipment, this product offers a series of practical functions, bringing brand-new convenience to home gardening:

Wireless and Borderless Mowing: There is no need for cumbersome boundary wire installation anymore. The device relies on accurate environmental perception and navigation technology to independently plan the work area, allowing users to use it right out of the box, saving installation time and energy.

Automatic Mowing, Saving Time and Effort: The device can automatically complete the lawn mowing work according to the preset schedule or real-time instructions, enabling users to manage the lawn care through delegation to the mower.

Wide Coverage and Stable Signal: It supports a large-scale signal connection of up to 130,000 square meters. Even for extremely large courtyards, stable operation can be ensured, and there is no need to worry about signal loss.

Real-time Online, in-control Anytime: Through APP remote control and real-time monitoring, users can adjust the mowing plan or check the device status at any time, managing the courtyard work as they like.

The combination of these functions not only greatly simplifies the complexity of mowing work but also liberates users from repetitive physical labor, allowing them to focus on enjoying the wonderful moments of life.

UBHOME: In-depth Layout in Smart Home

UBHOME is a brand under UBTECH Robotics that focuses on providing smart solutions for families. As a world-leading robot enterprise, UBTECH, with its strong R&D strength and technological accumulation, has successfully launched Walker, China’s first commercial bipedal human-sized humanoid robot. The launch of the Robotic Mower M10 by UBHOME this time is an important step in its layout in the smart home field.

Relying on UBTECH’s technological accumulation in robots and its in-depth understanding of user needs, the Robotic Mower M10 achieves the best mowing effect through environmental recognition and dynamic adjustment. Whether it is complex terrain, steep slopes, or high requirements for fine mowing, it can perform perfectly, demonstrating its excellent technical capabilities and brand commitment.

Powered by Qualcomm Technologies, Facilitating Intelligent Upgrading

As a global leader in wireless technology and edge intelligence, Qualcomm Technologies provides cutting-edge technical support for the Robotic Mower M10, including intelligent edge computing platforms, dynamic path planning, and environmental perception technologies. These technologies ensure that the device can operate efficiently in various environments, providing users with a precise and efficient smart experience. The Robotic Mower M10 utilizes the Qualcomm RB1 Robotics Platform to ensure the superior operation of the Robotic Mower M10 in large-scale courtyards, laying a solid foundation for realizing smart life.

Industry Significance and Trend: Promoting the Development of Gardening Intelligence

With the continuous increase in the demand for home intelligence, the market for smart gardening equipment is in a period of rapid development. As a typical representative of this trend, the smart lawn mower not only meets consumers’ pursuit of a convenient lifestyle but also provides a direction for the transformation of the gardening industry from tool manufacturing to smart services.

The product released by UBHOME not only fills the gap in the high-performance lawn-mowing equipment market but also sets a new industry benchmark. Through the multiple advantages of wireless, real-time connection, and fully automated operation, it endows home gardening with new value, making users no longer regard mowing as a burden but feel the convenience and fun brought by technology.

Innovation Hand in Hand, Co-creating Smart Life

The collaboration between UBHOME and Qualcomm Technologies showcases a strong collaboration of technology and innovation. Both parties are committed to bringing more convenient and efficient life experiences to consumers through technological innovation.

At the 2025 CES, UBHOME and Qualcomm Technologies will showcase the innovative functions and application scenarios of this Robotic Mower M10.

About UBHOME 

UBHOME is a brand under UBTECH Robotics, focusing on providing smart solutions for families. UBTECH is a world-leading robot enterprise dedicated to the research and development and application of artificial intelligence and robot technology and has successfully served more than 900 enterprise-level customers in more than 50 countries around the world.

Media Contact Information
For more information, please contact:
UBHOME Brand Team: mbu-sales@ubtrobot.com 

Qualcomm is a trademark or registered trademark of Qualcomm Incorporated. Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries.  

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SOURCE UBTECH ROBOTICS CORP LTD

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Global Launch of JETOUR T2 i-DM: Reshaping the Hybrid SUV Market

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DOHA, Qatar, Dec. 28, 2024 /PRNewswire/ — On December 25, 2024, the First JETOUR Fan’s Festival and the Launch of T2 i-DM was held in Qatar, themed “Think Future”. During the event, JETOUR launched its user brand “Traveler” in the Middle East and its first hybrid model, JETOUR T2 i-DM. The launch event highlights JETOUR’s commitment to exploring sustainable travel modes and ambition to become the “The World’s Leading Brand in Hybrid Off-road Vehicles” under the “Travel+” strategy.

JETOUR T2 i-DM not only inherits the strengths of T2 series, but also achieves high energy efficiency, high performance, high safety, and high intelligence with its advanced hybrid technology, i-DM. With a maximum combined power of 280kW and torque of 610N•m, T2 i-DM boasts a NEDC pure electric range of 139km and an overall range exceeding 1,000km at just 0.8L/100km, addressing range anxiety and promoting green travel.

Mr. Dai Lihong, executive vice president of JETOUR Auto, emphasized technology’s role in producing world-class products. The launch also introduced “Traveler”, enriching user experience through diverse products and superior performance. This year, JETOUR has ranked third in sales across the Qatari auto market. The Fan’s Festival invited user representatives from across the Middle East to witness the unveiling of “Traveler”, experiencing “Travel+” culture through city tours and co-creation workshops.

JETOUR prioritizes users, listening to their needs and co-creating products, brand, and lifestyle. Through “Traveler,” JETOUR aims to provide richer travel experiences and benefits globally, leveraging the platform to spread the “Travel+” culture worldwide. Mr. Alex Tan, Vice President of JETOUR International, said, “Serving ‘JETOUR users’ and being ‘a user-oriented JETOUR’ are JETOUR’s development philosophy. JETOUR will continue to build a travel community centered around users, cars, and lifestyles, sharing the joy of traveling together with users.”

JETOUR also partnered with Diamond League to promote athletics in Qatar and the Middle East, embodying JETOUR Speed and the brand’s image of breakthroughs and innovations. With T2 selling over 150,000 units globally, T2 i-DM will continue its success to meet customers’ needs and reshape the hybrid SUV market.

The launch of T2 i-DM marks JETOUR’s new journey towards “the World’s Leading Brand in Hybrid Off-road Vehicles.” JETOUR plans to introduce more hybrid and off-road models, providing customers with eco-friendly and diversified travel choices. With its innovative spirit and user-oriented philosophy, JETOUR will lead the global automotive industry towards a more sustainable and smarter future.

SOURCE JETOUR AUTO

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