HONG KONG, March 21, 2025 /PRNewswire/ — IDA Finance Hong Kong Limited (IDA), a leading digital asset company based in Hong Kong, Progmat Inc. (Progmat), a digital assets platform provider backed by Japan’s largest banking groups and technology firms, Datachain, Inc. (Datachain), a leading blockchain firm in Japan, and TOKI FZCO (TOKI), a cross-chain infrastructure provider, have announced a strategic partnership to develop a proof of concept (PoC) to enable stablecoin-based cross-border use cases between Hong Kong and Japan.

The PoC seeks to provide a viable alternative for initiating, processing, and settling import/export trades between Japan and Hong Kong using blockchain technology. Both regions are positioned as attractive destinations for stablecoin issuance and related activities. This initiative demonstrates a robust commitment to creating a secure and efficient framework for digital assets, supported by regulatory clarity from both Hong Kong and Japan regarding stablecoin development.

“According to the Hong Kong Trade Development Council (HKTDC), Japan was Hong Kong’s fifth-largest trading partner in 2023[1], making it one of the largest markets for imports and exports. With stablecoins emerging as a viable alternative to traditional remittance methods, along with stablecoin regulatory clarity from both regions, the potential for growth in this area is enormous,” stated Sean Lee, Co-Founder of IDA.

This PoC will evaluate the improvements and benefits compared to current trade routes while addressing regulatory and compliance considerations. As a starting point, IDA, Progmat, Datachain and TOKI will identify a testing user to initiate a cross-border payment request using stablecoins denominated in Japanese Yen and Hong Kong Dollars. The parties will ensure successful receipt of both stablecoins and fiat funds through local off-ramp partners. IDA will maintain robust monetary management and a transparent 1:1 reserve backing, strictly adhering to regulatory compliance under Hong Kong’s regime. Progmat will provide the stablecoin issuance and management platform, Progmat Coin. Datachain will support the development and implementation of cross-border stablecoin exchanges. TOKI will leverage its cross-chain expertise to enable seamless cross-chain transactions.

About IDA Finance Hong Kong Limited (IDA)

IDA is the premier digital asset technology company to spearhead the widespread adoption of blockchain finance and to empower businesses to seamlessly integrate between Web2 and Web3.  

IDA will launch a stablecoin product which is designed to drive enhanced connectivity of digital currency for seamless commerce and payments between Hong Kong and global markets, 24/7/365. To maintain the highest level of security and stability, all circulating stablecoins will always be fully backed by at least 100% reserve assets in regulated Hong Kong based authorized institutions.  

To maximize the network effect of the stablecoin project for domestic and cross-border usage, IDA is partnering with key industry players to facilitate the minting, redemption, and widespread acceptance of stablecoins as a payment and settlement digital currency.  

More information can be found at idafi.xyz / LinkedIn / X  

About Progmat Inc. (Progmat)

Progmat is a startup company building digital asset infrastructures that can transform the financial system. With a mission of “Connecting the society with the programmable network and digitizing every value,” Progmat delivers the issuance and administration platform for tokenized securities, stablecoins, and utility tokens, while pursuing partnerships to expand global use of digital assets. Progmat, as an independent firm backed by several key institutions in national financial markets, also leads digital assets ecosystem across multiple industries by running the Digital Asset Co-Creation Consortium, which has over 200 member firms. For more information, visit https://progmat.co.jp/en/.

About Datachain, Inc. (Datachain)

Datachain, founded in 2018, is a tech company transforming blockchain interoperability and stablecoin settlement. In collaboration with Progmat, Datachain is co-developing a stablecoin platform and is currently focused on commercializing those initiatives using stablecoins issued on the Progmat’s platform. Additionally, Datachain provides cross-chain infrastructure using IBC in partnership with TOKI and is engaged in multiple projects with enterprises and global Web3 initiatives. For more information about Datachain, please visit https://www.datachain.jp/.

About TOKI FZCO (TOKI)

TOKI provides a highly secure cross-chain infrastructure that connects Ethereum, BNB Chain, Optimism, Arbitrum, and other major blockchains while unifying liquidity pools across them. This enables seamless, one-click native token swaps between these networks, enhancing interoperability. In February 2025, TOKI launched its first-party cross-chain bridge app built on this infrastructure, which is now live on the Ethereum and BNB Chain mainnets. For more information about Datachain, please visit https://toki.finance/.

Media Contact

Progmat – https://progmat.co.jp/en/contact/ 

Datachain – contact@datachain.jp 

TOKI – contact@toki.finance 

Logo – https://mma.prnewswire.com/media/2493285/IDA_Logo.jpg

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Launching with the Infinix AI∞ Beta Plan, Equipped with One-Tap Infinix AI∞, ArmorAlloy™ Frame, 100X Periscope Lens, and Advanced Charging Solutions

HONG KONG, March 20, 2025 /PRNewswire/ — Infinix, a trendy tech brand for young consumers, has officially launched the highly anticipated NOTE 50 Series as a hallmark stepping in the era of Generation Beta. This remarkable series comprises the NOTE 50, NOTE 50 Pro, the most advanced model—the NOTE 50 Pro+ 5G—and two additional 5G models to be released later, engineered to redefine what a “true flagship” smartphone can be. With innovative features like One-Tap Infinix AI∞, a 100X Periscope lens, a sleek true-metal frame and new charging capabilities, the Infinix NOTE 50 Series offers an enhanced experience for daily use and entertainment alike.

Thoughtfully designed to meet the needs of modern users, the NOTE 50 Series offers a perfect balance of durability and advanced technology. With its lightweight yet robust metal frame, the lineup features One-Tap Infinix AI∞ on-screen intelligence alongside artificial intelligent enhancements like Bio-Active Halo Lighting and advanced health monitoring. The NOTE 50 Pro+ 5G flagship further raises the bar with its impressive camera system: the primary camera is powered by the SONY IMX896 large sensor ultra-sensitive 50MP OIS module, complemented by the highest-configured telephoto lens in its class—a 50MP OIS periscope lens with up to 6X lossless zoom and 100X ultimate zoom—and a powerful 8-megapixel ultra-wide-angle lens for capturing detailed urban scenes. Additionally, the series is powered by a super-durable battery with All-Round FastCharge3.0, ensuring continuous operation even under extreme temperatures and at critically low battery levels.

“The NOTE 50 Series marks a milestone in Infinix’s transition to the Gen Beta AI Era. The series embodies our brand-new philosophy of ‘Performance. by design.,’ exemplifying what a true flagship should be. It achieves this by integrating premium and innovative materials, advanced AI, cutting-edge battery technology, flexible lens systems, and health monitoring for a reassuring modern mobile phone experience. It is designed to alleviate contemporary battery anxieties, make urban travel more convenient and enjoyable, and guide users into a new era of an AI-empowered lifestyle,” said Weiqi Nie, Product Director of Infinix.

Embracing Minimalism and Strength

The Infinix NOTE 50 Series redefines industry standards as the first true-metal frame smartphone under $500, setting new benchmarks for weight, durability, signal reception, and premium design. Its frame is crafted from ArmorAlloy™—a blend of Damascus steel and aerospace-grade aluminum—with a polished finish that delivers a sleek look, while ergonomically rounded edges ensure a comfortable grip.

The series also features advanced engineering with HyperCasting technology, a one-piece die-casting process inspired by high-performance automotive design that guarantees lightweight strength and impact resistance. Additionally, ShockAbsorb™, a buffer system, provides TÜV SÜD-certified drop resistance. Notably, the NOTE 50 Pro+ 5G’s metal design does not compromise its positioning or signal, and its 5.5G Open-Air Network Structure further enhances signal reception, WiFi speed, and GPS accuracy.

AI at Your Fingertips

In a strategic move toward an AI-powered future, Infinix has unveiled “Infinix AI∞ Beta Plan” , its comprehensive AI transformation strategy. Presented via innovative vertical streaming, the event introduced Infinix’s “playfulness”-driven AI vision, featuring a range of AIoT products—including AI Ring , AI Buds, AI Glasses—and AI-assisted technologies that enhance travel, work, gaming, and more. A key highlight was the introduction of One-Tap Infinix AI∞, with the entire NOTE 50 Series among the first flagship smartphones to feature this capability.

With One-Tap Infinix AI∞, users can activate Infinix’s AI assistant, Folax, by simply long-pressing the power button. Folax efficiently recognizes on-screen content, retrieves instant information, translates text, and offers a Q&A function along with a One-Tap Query that identifies text, images, videos, and live camera views. Tailored for business and academic use, it supports cross-app voice commands for scheduling, navigation, calling, and contact management.

For content creators and social media users, Folax provides AI Eraser and AI Cutout for rapid photo retouching needs, as well as AI Writing, AI Note, and AI Wallpaper Generator for AI-powered writing assistance and image generation from text or sketches—ideal for emails, presentations, and posts. Its communication features include Real-Time Call Translator, Call Summary, AI Auto-Answer, and dual-way Speech Enhancement for clearer conversations. Additionally, AI Mosaic offers privacy masking by automatically detecting and concealing sensitive personal information, ensuring enhanced privacy protection.

Zooming Flexibly for Epic Pictures

The Infinix NOTE 50 Pro+ 5G is equipped with the 100X Periscope—the most compact and highly configured 50MP OIS telephoto lens in its class—enabling users to capture intricate details from afar and isolate subjects to create striking “hero” compositions. It also allows users to capture landscapes up to 100X distant with 6X image quality, all while the device remains slim and lightweight—eliminating the need to carry a separate DSLR on urban explorations.

For the first time, the Infinix NOTE 50 Series introduces a 112° ultra-wide-angle lens and an Instant Double-Tap mode, which provides quick access to Street Mode even when the screen is off. Additionally, its SONY IMX896 large sensor ultra-sensitive 50MP OIS main camera, powered by Infinix AI∞ RAW processing, delivers stunning, shake-free night and backlit shots. Finally, the NOTE 50 Pro+ 5G offers 4K 60FPS video recording, capturing ultra-clear, smooth footage with cinematic effects and enabling users to produce professional-level video content with ease.

Reliable Power for All Scenarios

The Infinix NOTE 50 Series sets a new standard in charging capabilities with All-Round FastCharge3.0 technology. Taking the NOTE 50 Pro+ 5G as an example, its 100W wired charging system features three modes—Smart, Hyper, and Low-Temperature. Users can choose the charging mode that best fits their current needs. For instance, when an emergency recharge is required, the Hyper mode can fully charge the device in just 32 minutes; for daily use, the Smart mode is the perfect choice.

In addition to fast charging, Infinix emphasizes battery longevity and performance under extreme conditions. With the support of an AI algorithm powered by the Cheetah X2 chip, the battery capacity is guaranteed to remain at no less than 80% even after prolonged use. Meanwhile, the Silicon-Carbon 5200mAh battery of the NOTE 50 Pro+ 5G increases energy density and capacity while reducing size compared to its predecessor, ensuring all-day usage—even during intensive activities such as video streaming and gaming. PowerReserve mode provides 2.2 hours of talk time or 30 minutes of navigation on just 1% battery. Furthermore, the NOTE 50 Pro+ 5G offers 10W wired and 7.5W wireless reverse charging for the emergency power needs of other devices.

5.5G Game On: Rapid Responses

The Infinix NOTE 50 Pro+ 5G boosts download speeds by 200% with 5.5G technology and enhances WiFi performance by 606% with Super WiFi 2.0. It intelligently selects the best network and reduces energy use by 11%.

Powered by the MediaTek Dimensity 8350 Ultimate chip, the NOTE 50 Pro+ 5G delivers smooth AI performance and reduces gaming lag. The EDCA technology ensures uninterrupted streaming and calls, while low-latency WiFi and minimal Bluetooth delays provide precise control and accurate audio. XBoost AI game engine offers one-click access to E-Sports Mode and allows easy switching between power-saving, balanced, and performance modes. It also includes multitasking features like memory cleaning, call rejection, bypass charging, and voice change. The NOTE 50 Pro+ 5G enhances performance with a cooling system, featuring a thin VC vapor chamber and super graphite layer, along with an X-axis linear motor for precise haptic feedback.

Integrated Health Tracking

Setting an industry precedent, the Infinix NOTE 50 Pro+ 5G innovatively integrates blood oxygen and heart rate. Without the need for external devices, users can simply place their finger on the phone’s rear sensor to receive real-time health metrics via the My Health app, making health tracking more accessible than ever. A convenient pull-down menu provides quick access to these features, and they can also be activated directly via Folax voice commands.

Immersive Entertainment

The Infinix NOTE 50 Series delivers vibrant visuals with a 144Hz AMOLED display and up to 1300 nits of peak brightness. Meanwhile, TÜV Rheinland’s low blue light certification ensures maximum eye protection for users. The series introduces an innovative Bio-Active Halo AI lighting system. The Pro+ and Pro versions deliver dynamic, multi-color mini-LED effects for calls, notifications, charging, and more, while the standard version provides a simplified single-color white light effect for the same triggers. It also features JBL dual speakers, IP64 dust and water resistance, NFC support, and infrared remote control, providing a truly immersive experience.

Pricing & Availability:

The Infinix NOTE 50 Pro+ 5G will be globally available in Titanium Grey, Enchanted Purple, and a special Racing Edition. Inspired by the racing car’s phygital design philosophy, the Racing Edition features bold tri-color stripes that convey a sense of speed and motion. Additionally, the power button is enhanced with an embedded sapphire crystal, highlighting the device’s premium and exclusive design.

Prices start at $180 for the NOTE 50, $210 for the NOTE 50 Pro, $370 for the NOTE 50 Pro+ 5G. Prices and availability for the NOTE 50 Series will vary based on the model and region.

About Infinix:

A trendy tech brand crafted for young consumers.

Established in 2013, Infinix is a cutting-edge technology brand tailored for the youth. Committed to delivering cutting-edge technology, stylish design, and outstanding performance, Infinix strives to provide consumers with a superior mobile intelligent experience. In addition to smartphones, Infinix has expanded its product range to include TWS earbuds, smartwatches, laptops, Tablets, smart TVs and more. Currently, Infinix products are available in over 70 countries and regions worldwide, spanning Africa, Latin America, the Middle East, South Asia, and Southeast Asia.

For more details, please visit: http://www.infinixmobility.com/

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SOURCE INFINIX MOBILITY

VANCOUVER, BC, March 20, 2025 /CNW/ – Damon Inc. (NASDAQ: DMN) (“Damon” or the “Company”), a designer and developer of electric motorcycles and other personal mobility products that seek to empower the personal mobility sector through innovation, data intelligence and strategic partnerships, today announced the pricing of its public offering of 126,900,000 units at a public offering price of $0.13 per unit. Each unit consists of one common share and one Series A warrant to purchase one common share. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 19,035,000 ordinary shares and 19,035,000 Series A warrants to cover over-allotments at the public offering price, less the underwriting discount.

Each Series A Warrant will expire two and one-half (2.5) years from the issuance, will be immediately exercisable upon issuance at an initial exercise price of $0.195 per common share, subject to adjustment on the First Reset Date and the Second Reset Date (as defined in the warrants) and subject to a floor price therein. The warrants may also be exercised on an alternative cashless basis pursuant to which the holder may exchange each warrant for 2.5 ordinary shares.

Gross proceeds to the Company, before deducting underwriting commissions and other offering expenses, are expected to be $16.5 million. We intend to use the net proceeds from this offering for working capital and general corporate purposes, including research and development, as well as marketing and sales of our products. The offering is expected to close on March 21, 2025, subject to the satisfaction of customary closing conditions. 

Maxim Group LLC is acting as sole book-runner in connection with the offering.

A registration statement on Form S-1 (File No. 333-285872) was filed with the U.S. Securities and Exchange Commission (“SEC”) and was declared effective by the SEC on March 20, 2025 and a registration statement on Form S-1 filed pursuant to Rule 462(b) of the Securities Act of 1933 was filed with the SEC and became effective upon filing on March 20, 2025 (together, the “registration statement”). A final prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. The offering is being made only by means of a prospectus forming part of the effective registration statement. Electronic copies of the prospectus relating to this offering, when available, may also be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, New York 10022, Attention: Syndicate Department, by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Damon Inc.

Damon Inc. is a designer and developer of personal mobility products and technology solutions that integrate AI-driven safety systems, smart electrification, and user-driven design to revolutionize sustainable transportation. Operating across four potential revenue verticals – Data Intelligence & Services, Engineering Services, Personal Mobility Products, and Special Projects – Damon believes it is positioned to capture a significant share of the $40B global electric two-wheeler market by 20301. The company distinguishes itself through its integrated ecosystem approach, combining advanced data analytics, engineering expertise, and strategic partnerships with OEMs and Tier 1 suppliers. Damon emphasizes accessible mobility solutions while leveraging its proprietary AI-driven safety systems and intelligent energy management technology to deliver superior performance and operational efficiency in the urban and business mobility space. For more information, please visit damon.com.

Forward Looking Statements

Forward-looking statements in this press release include, but are not limited to, statements relating to our strategic initiatives, revenue expansion plans, business model evolution, and expected efficiency improvements and growth. In developing the forward-looking statements in this press release, we have applied several material assumptions, including the general business and economic conditions of the industries and countries in which Damon operates, and general market conditions. Many risks, uncertainties, and other factors could cause the actual results of Damon to differ materially from the results, performance, achievements, or developments expressed or implied by such forward-looking statements. Factors that could cause actual results to differ from those discussed in the forward-looking statements include, but are not limited to, our ability to satisfy closing conditions for the offering, our history of losses, our ability to implement our growth strategy and achieve profitability, our limited operating history with recent acquisitions, our ability to obtain adequate financing as needed, our ability to continue as a going concern, our status as a foreign private issuer, our ability to maintain compliance with Nasdaq’s continued listing requirements, customer demand for or acceptance of our products and services, the impact of competitive or alternative products, technologies, and pricing, emerging competition and rapidly advancing technology that may outpace our own, our ability to manufacture or distribute products and secure strategic supply and manufacturing arrangements, our ability to protect our intellectual property, impact of any changes in existing or future regulatory and tax regimes applying to our business, our ability to successfully consummate strategic transactions and integrate companies or technologies we acquire, our ability to attract and retain management and employees with specialized knowledge and technical skills, our ability to develop and maintain effective internal controls, general economic conditions and events and the impact they may have on us and our customers, including but not limited to increases in inflation rates and rates of interest, supply chain challenges, increased costs for materials and labor, cybersecurity threats, and conflicts such as those in Russia/Ukraine and Israel/Hamas, our success at managing the risks involved in the foregoing items, and other risk factors discussed in our periodic and current reports and registration statements filed with the U.S. Securities and Exchange Commission and the British Columbia Securities Commission.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of the press release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, events may differ materially from current expectations. Damon disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required pursuant to applicable securities law. All forward-looking statements contained in the press release are expressly qualified in their entirety by this cautionary statement.

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SOURCE Damon Inc.