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IDA, Progmat, Datachain and TOKI Join Forces to Explore Stablecoin-Based Remittances for Hong Kong – Japan Trade Efficiency

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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.

[1] HKTDC Research – Japan: Market Profile: https://research.hktdc.com/en/article/MzIwNzY5NDc4 

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 

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IOT Data Hackathon 2025, Sparkling Innovation through Real-World Data, Technology and Cross-Sector Collaboration

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HONG KONG, March 28, 2025 /PRNewswire/ — Organised by GS1 Hong Kong, co-organised by Hong Kong Cyberport Management Company Limited and Hong Kong Science and Technology Parks Corporation, and supported by the Digital Policy Office, the IOT Data Hackathon 2025 successfully concluded its final competition on 22-23 March 2025.

Themed “Smart Business” and “Smart Living”, the IOT Data Hackathon 2025 brought together enterprises, tech talent, and academic elites to tackle real-world business challenges through cross-sector collaboration and data-driven innovation. This year’s Hackathon garnered even greater enthusiasm than last year, attracting over 90 teams from local tertiary institutions, start-ups, and business sectors. After a rigorous screening process, 24 outstanding teams advanced to the final round, competing head-to-head on 23 March, the Final Pitch Day. 

Key Highlights

1. Fostering a Cross-Sector Ecosystem, Cultivating Talent through Practical Experience
A standout feature of the IOT Data Hackathon was its success in driving cross-sector collaboration. Six leading corporations — including Airport Authority Hong Kong, AS Watson Industries, CUHK Medical Centre, HKT, Maxim’s Caterers, and Swire Coca-Cola — provided real life business challenges and relevant datasets. Tech partners, Alibaba Cloud, AWS and Esri China (Hong Kong), offered technology platforms, tools and application support, enabling participating teams to develop commercially viable and innovative solutions by leveraging the provided datasets, open data and advanced technologies. 

2. Judges Applaud Data-Driven Innovation 
A panel of 12 distinguished judges highly praised the participants for their exceptional performance, highlighting their ability to combine data and technology while aligning with ESG trends. The judges emphasised the Hackathon’s role in unlocking the transformative potential of data-driven decision-making. The panel looks forward to the continued promotion of such collaborative models, which not only accelerate the growth of Hong Kong’s tech ecosystem, but also cultivate a new generation of talent to meet future opportunities and challenges.

3. Comprehensive Pre-hackathon Training with Top-tier Resource Support
To equip participants with practical skills, the organiser hosted 7 professional training workshops from Jan to Mar, covering hot topics such as IoT technology, artificial intelligence (AI) applications, data standards, cybersecurity, design thinking, data storytelling, pitching skills, and ESG strategies, etc. Additionally, GS1 HK invited 24 expert mentors from various fields to guide the participating teams, while Check Point Software Technologies provided one-on-one consultations to help teams integrate robust cybersecurity measures and data protection into their solutions.

The Data-driven Era: Cultivating Future Tech Talent

As artificial intelligence and data analytics become increasingly integral to businesses, mastering data application skills has become a critical asset for future talent. This Hackathon provided participants with an invaluable platform for practical experience and learning, stimulating creativity through competition and fostering a deeper connection between data-driven thinking and business needs. The participating teams demonstrated remarkable prowess in data integration and innovative thinking, and proposed diverse solutions to real corporate challenges. 

Ms. Anna Lin, Chief Executive of GS1 HK, emphasised: “IoT data is the cornerstone of a smart economy. By connecting young talent directly with industry pain points, this Hackathon fuels Hong Kong’s digital transformation and drives momentum for the city’s innovation journey.” 

Award Ceremony: Winners to be Announced at the InnoEX 2025 

The award ceremony will take place on April 13, 2025, at InnoEX 2025, where the winning teams and their innovative solutions will be unveiled. All sectors are invited to witness this celebration of data, technology, and creativity! 

Award Ceremony Details:

Date: 13 April 2025, SundayTime: 10:45am to 12:00nnVenue: The Stage, Hall 3C, Hong Kong Convention and Exhibition Centre (HKCEC)Event: IOT Data Hackathon 2025 Award Ceremony (held within the InnoEX 2025)

For more information about the IOT Data Hackathon 2025, please visit www.gs1hk.org/iotdatahackathon.

About GS1 Hong Kong

Founded by the Hong Kong General Chamber of Commerce in 1989, GS1 Hong Kong (GS1 HK) is the local chapter of GS1®, a not-for-profit, global organisation that brings industry stakeholders together to develop standards-based solutions to address the challenges of data exchange. Headquartered in Brussels, Belgium, GS1® has more than 115 national chapters serving 150 economies globally.

GS1 HK aims to empower industry’s digital transformation by enabling businesses to improve efficiency, safety, authenticity and sustainability through platforms, solutions and services based on our global standards. GS1 HK is dedicated to building a collaborative IoT ecosystem in Hong Kong to promote the development of ICT, serving as a bridge between ICT solution providers, users, government and other stakeholders, realising the community’s vision to become a smart city.

GS1 HK currently supports over 8,000 corporate members from various sectors including retail & consumer packaged goods, healthcare, food & beverage and food services, apparel & footwear, transport & logistics, among others.

For more information, please visit www.gs1hk.org

For high-resolution photo, please download via this link.

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SOURCE GS1 Hong Kong

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Zil Money Appoints Mohanraj Makkuni as Chief Marketing Officer

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Mohanraj Makkuni’s Journey from International Trade to Fintech Marketing Sets the Stage for Zil Money’s Next Growth Chapter.

TYLER, Texas, March 28, 2025 /PRNewswire-PRWeb/ — Zil Money, a leader in innovative fintech solutions, is pleased to announce the appointment of Mohanraj Makkuni as chief marketing officer (CMO). With over 30 years of experience in global leadership, strategic marketing, and enterprise relationship-building, Makkuni will be crucial in driving Zil Money’s expansion into the enterprise space and strengthening its position as the premier banking and payment solutions partner for businesses worldwide.

“Makkuni brings a wealth of experience and a genuine passion for building strong partnerships, which perfectly aligns with our vision.” said Sabeer Nelli, CEO of Zil Money

Makkuni’s career spans various industries, from international trading and manufacturing to fintech. As the founder and director of Greenvironment Innovation and Marketing Ltd., he led global expansion efforts and implemented strategic marketing initiatives that enhanced operational efficiency. In addition, his role as a board member at INNVOL Medical India Limited helped drive the development of innovative medical products, showcasing his ability to collaborate with industry leaders to achieve impactful results.

A seasoned entrepreneur, Makkuni also serves as the CEO of Sundance Promotions LLC and Bimini Global LLC. His experience as a Worldwide Blue Diamond Distributor at Nuskin Enterprises and an Ambassador for the Nourish the Children Initiative highlights his passion for social impact, a value that aligns perfectly with Zil Money’s mission of empowering communities through accessible financial services.

“I’m looking forward to diving into Zil Money’s growth and contributing to where it’s headed,” said Mohanraj Makkuni, chief marketing officer of Zil Money. “What really resonates with me about Zil Money is its vision to transform how businesses approach banking and payments. I’ve always been passionate about building strong partnerships and supporting growth, and I’m excited to bring my experience to help position Zil Money as a trusted partner for enterprises globally.”

“We’re thrilled to have Mohanraj Makkuni join us as our new Chief Marketing Officer,” said Sabeer Nelli, CEO of Zil Money. “Makkuni brings a wealth of experience and a genuine passion for building strong partnerships, which perfectly aligns with our vision. I’m really looking forward to the impact he’ll make in helping us connect with enterprises worldwide and drive the next phase of growth for Zil Money.”

Makkuni’s appointment is set to have a significant impact on Zil Money’s strategic direction. Under his leadership, Zil Money will focus on expanding its presence in the enterprise market, strengthening its partnerships, and driving growth through innovative marketing campaigns and solutions. As Zil Money continues to develop and scale its technology platform, Makkuni’s marketing expertise will be pivotal in raising the company’s profile and positioning it for long-term success.

About Zil Money

Zil Money is a leading financial technology company offering a suite of services designed to help small and medium-sized businesses streamline their financial operations. From check printing and ACH transfers to credit card transactions and payroll solutions, Zil Money provides businesses with the tools they need to succeed in today’s digital economy. The company is committed to delivering secure and innovative financial services to businesses of all sizes, empowering them to grow and thrive.

Media Contact
Tahir Haneef, Zil Money Corporation, 1 408-222-8012, media@zilmoney.com, https://zilmoney.com/

View original content to download multimedia:https://www.prweb.com/releases/zil-money-appoints-mohanraj-makkuni-as-chief-marketing-officer-302411811.html

SOURCE Zil Money Corporation

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MEXC Announces Listing of Kinto (K) with Massive 12,800 K & 50,000 USDT Prize Pool

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VICTORIA, Seychelles, March 28, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, is excited to announce the upcoming listing of Kinto (K) on March 31, 2025. To celebrate, MEXC is launching exclusive events with a combined prize pool of 12,800 K & 50,000 USDT in bonuses, offering traders the opportunity to earn substantial rewards while engaging with the Kinto ecosystem.

Kinto is a modular exchange (MEX) that combines the advantages of both centralized (CEX) and decentralized exchanges (DEX), offering users a compliant and seamless trading experience. Founded by a team of blockchain developers and financial experts, Kinto operates on a strong community governance model that enables users to actively shape the platform’s future.

The K token ($K) serves as both the governance and utility token within the Kinto ecosystem, granting holders governance rights, staking opportunities, and rewards for participation.

To celebrate the listing of Kinto (K), MEXC has launched a series of exciting events with low entry requirements and a simple participation process, ensuring that users with different needs can easily join and share generous rewards.

Below are the key details of the events:

Event 1: Kinto (K) Launchpool – Stake USDT, MX & K to Share 10,100 K Event Period: March 28, 2025, 10:00 (UTC) – March 31, 2025, 10:00 (UTC)Event 2: Join Airdrop+ to Share 2,700K & 50,000 USDT bonusEvent Period: March 28, 2025, 10:00 (UTC) – April 7, 2025, 10:00 (UTC)Event 3: Spread the Word & Win Event Period: March 28, 2025, 10:00 (UTC) – April 3, 2025, 23:59 (UTC)

MEXC has established itself as an industry leader by consistently providing users with early access to promising Web3 projects. In 2024, MEXC introduced 2,376 new tokens, with 1,716 of those being initial listings. According to the latest TokenInsight report, MEXC leads the industry with the highest number of spot listings, at 461, and the fastest listing speed. Additionally, the exchange consistently adds new tokens in bi-weekly cycles, showcasing its exceptional ability to capture market trends quickly.

Looking ahead, MEXC will continue to enhance its platform by providing advantages such as low fees, deep liquidity, a wide selection of trending tokens, and daily airdrops, enabling traders to access high-potential projects early, receive generous rewards, and enjoy an optimal trading experience.

For full event details and participation rules, visit here.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website X Telegram |How to Sign Up on MEXC

Risk Disclaimer:

The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.

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Logo – https://mma.prnewswire.com/media/2645195/MEXC_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/mexc-announces-listing-of-kinto-k-with-massive-12-800-k–50-000-usdt-prize-pool-302414099.html

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