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Calastone Launches Tokenised Distribution Solution to Unlock the Future of Fund Distribution

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LONDON, April 3, 2025 /PRNewswire/ — Calastone, the largest global funds network, today announces the launch of Calastone Tokenised Distribution – a pioneering solution that allows asset managers to tokenise any fund operating on Calastone’s network and distribute it seamlessly across blockchain-based channels.

This innovative service delivers a simple, frictionless route into tokenisation, without requiring asset managers to change how their funds are structured, administered, or serviced. Yet with one step, they can unlock access to a growing universe of investors who operate exclusively within blockchain ecosystems.

“Calastone Tokenised Distribution offers asset managers a powerful new route to market,” said Adam Belding, Chief Technology Officer at Calastone. “We make it possible to distribute existing funds via blockchain networks, instantly and at scale. without any operational upheaval or technical reinvention.”

The solution bridges the gap between traditional investment funds and blockchain-native networks such as Ethereum, Polygon, and Canton, where investment activity is increasingly executed and settled using digital assets. These networks are attracting a fast-growing class of investors that traditional distribution channels do not reach, including:

Corporate treasurers managing substantial on-chain cash balances for yield and efficiencyStablecoin issuers and institutional crypto firms seeking regulated investment options without the need to convert into fiat currenciesCrypto-experienced retail and wealth investors who want access to traditional assets via the same wallets and digital infrastructure they use for digital assets

By embedding tokenised fund shares into these blockchain networks, asset managers gain direct access to new pools of capital, without disrupting existing processes or partnerships.

The solution leverages Calastone’s existing global network – spanning over 4,500 firms across 56 markets – to enable any share class on the network to be tokenised and distributed via public, hybrid, or private blockchains. Orders initiated on-chain are automatically translated and processed through Calastone’s infrastructure, ensuring full compatibility with traditional fund operations.

This enables asset managers to:

Expand into blockchain-native investor channels with no operational disruptionReduce distribution costs via automation and smart contractsMaintain existing service provider relationshipsPosition themselves for long-term advantage in an evolving investment landscape

The launch follows a recent Calastone study showing that tokenisation could unlock over $1351 billion in annual cost savings for the asset management industry, while accelerating fund launches and lowering seed capital requirements.

“The investment world is changing fast,” said Julien Hammerson, CEO of Calastone. “New pools of capital are forming on blockchain networks, and they are not being accessed through traditional channels. Our Tokenised Distribution solution gives asset managers instant reach into these markets, without the requirement or need for transformation. We are making it easy to evolve with the market.”

At its core, Calastone Tokenised Distribution converts eligible fund shares into smart contract-powered tokens embedded directly onto blockchain networks. These tokens reflect the fund’s full detail, operate with built-in security protocols, and automatically mint and burn in line with real-time subscriptions and redemptions.

 

About Calastone

Calastone is the largest global funds network, connecting the world’s leading financial organisations.

Our mission is to reduce complexity, risk and costs, enabling the industry to deliver greater value to investors. Over 4,500 clients in 56 countries and territories benefit from Calastone’s services, processing over £250 billion of investment value each month.

Calastone is headquartered in London and has offices in Luxembourg, Hong Kong, Taipei, Singapore, New York and Sydney.

1 https://www2.calastone.com/tokenisationcostresearch

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Highly International, ITE Hong Kong 2025, a Great Sourcing Platform for Asian Travel Trade

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HONG KONG, April 7, 2025 /PRNewswire/ — The annual ITE Hong Kong in 2025 comprises 39th ITE (Leisure) and 20th ITE MICE, will be held from June 12 to 15 in Hong Kong Convention & Exhibition Centre, first two days for trade and last two days for public. Named MEGA EVENT by government, ITE Hong Kong 2025 also its 5th live edition since Covid-19.

Highly international, ITE2024 had 515 exhibitors (87% non- HK) from 68 countries and regions (36% non-Asia); included some 70 NTOs many regularly held official pavilions / stands; and used 5 halls which same as in 2019. Again, mainland China staged ITE’s largest pavilion inside which Chinese provinces built own pavilions with unique design.

Among ITE2024’s 7023 buyers and trade visitors 46% from outside Hong Kong (Specifically, 30% from mainland China; and 16% from other Asian cities), though the organizer only subsidized buyers and trade delegations instead of fully hosting.

Asian travel trade welcome applying online for ITE2025’s free Trade Visitor Badge. Besides free admission, ITE’s subsidy scheme includes free lunch / dink coupon, cloak room services etc., while subsidized visitors shall attend Seller-Meeting-Buyer session.

Attracting more mainland Chinese audiences, this year trade seminar series on “New / Niche Destinations & Products” start having English to Mandarin simultaneous interpretation. Besides NTO presentations, exhibitor’s seminars, Meeting KOLs and Industry Forum on Sustainability, themes like Green tourism and Youth Travel will be highlighted.

Positive responses from repeating and new exhibitors, ITE2025 expecting more non-HK resident exhibitors. Among the popular NE Asian destinations, South Korea will this year feature two official pavilions, respectively by Korea Tourism Organization and Seoul with a combined 50% expansion. For faraway, new or niche destinations, for examples, there from EUROPE, AMERICAS & PACIFIC are Armenia, Bulgaria, Canada, Czech, Georgia, Germany, Iceland, Marianas and Poland; CENTRAL & WEST ASIA are Afghanistan, Iran, Kazakhstan, Mongolia, Nepal, Pakistan, Turkmenistan and Uzbekistan; AFRICA & INDIAN OCEAN are Ethiopia, Seychelles, Tanzania and Zimbabwe.

ITE public days gather some 60000 premium FIT, who shop around, plan and book holidays online by mobile inside the exhibition halls. Last year 7000 attended 80 seminars. Welcome asking for free tickets.  

Organized by TKS Exhibition Services Ltd., ITE strongly supported by Ministry of Culture and Tourism, P.R.China with Hong Kong Tourism Board etc. as Supporters. Details / Registration: https://www.itehk.com Contact: travel@tkshk.com | WhatsApp: +852 69361271

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SOURCE ITE Hong Kong; TKS Exhibition Services Ltd

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VEHERE ESTABLISHES MIDDLE EAST OPERATIONS TO ADDRESS GROWING CYBERSECURITY DEMANDS

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DUBAI, UAE and RIYADH, Saudi Arabia, April 7, 2025 /PRNewswire/ — Vehere, a pioneer in cybersecurity solutions, is rapidly expanding in the Middle East region, especially focusing on the United Arab Emirates (UAE), the Kingdom of Saudi Arabia (KSA), and Bahrain. With more locations on the horizon, this initiative is designed to accelerate Vehere’s regional expansion, addressing the growing cybersecurity demands of enterprises in an increasingly complex digital landscape.

Vehere’s strategic move in the Middle East ensures regulatory compliance and enhances credibility, along with unlocking significant business opportunities and strengthening relationships within the local ecosystem. It represents a crucial step in Vehere’s future progress, boosting operational capabilities and driving its overall success.

Responding to the escalating demand for robust cybersecurity infrastructure and cyber resilience, Vehere plans to leverage local talent and increase its staffing. Avinash Garg, Vice President—Sales (MEA), stated, “This period of exponential growth presents the ideal chance to broaden our sectoral footprint and advance our Middle East roadmap. Vehere’s strong presence will allow us to deliver tailored cybersecurity solutions, ensuring rapid deployment and faster turnaround times for our customers.”

Adding to the conversation, Abdul Raheem Shaikh, recently appointed Regional Director, Sales—KSA and Bahrain, remarked, “Our efforts resonate strongly with Saudi Vision 2030’s goal of creating a thriving digital economy and enhancing cybersecurity capabilities across the Kingdom. With cutting-edge AI technology, we aim to support Saudi Arabia’s global innovation and digital transformation and also contribute to its economic diversification.”

Gautham Srinivasa, Regional Director, Sales—Middle East, also commented, “Vehere’s establishment of a market-specific base in the Middle East aligns seamlessly with its ambitious plan to solidify its position as a leading provider of AI-powered Cyber Network Intelligence technology.”

Vehere’s team of experts in the region also includes Yahya Khan, Principal Consultant, Systems Engineering, and Haramit Banga, Senior Systems Engineer, Systems Engineering, whose extensive experience and versatility will be instrumental in establishing Vehere as the leading choice for organizations seeking cutting-edge cybersecurity offerings to safeguard their corporate networks.

About Vehere:

Vehere is a new-age Cyber Defense software company specializing in AI Cyber Network Intelligence. For more than a decade, Vehere has been supporting counter-terrorism analysts in Defense and Intelligence communities. Vehere is now trusted by cyber-analysts in Fortune 500 companies, including Telecom, Financial Institutions, and Smart Cities, to protect their critical infrastructure against real-time cyberattacks.

Vehere: HUNT BEFORE BREACH™

Media Contact:
Eisha Singh
eisha.singh@vehere.com

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Hyundai Mobis Opens Integrated R&D Center in India with Aim to Develop Global Software Hub

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The company has combined two existing R&D centers into one large-scale R&D base in India, aiming to make it a software strategy hub with its own capabilities.It is promoting its three long-term R&D strategies, increasing participation of the new Indian center in new R&D projects, and expanding the number of models the center will develop.Software is becoming more important as the local market for EVs and SUVs expands, with the company aiming to provide integrated solutions for both local and global automakers.

SEOUL, South Korea, April 7, 2025 /PRNewswire/ — Hyundai Mobis (KRX 012330) will expand the operation of its Indian R&D center as a strategic base dedicated to automotive software. As the sales of high-value products equipped with software increases, the role of the company’s Indian R&D center in verifying and analyzing them is also increasing.

Hyundai Mobis announced on 7 that it has opened an R&D base dedicated to software in Hyderabad, Telangana, which is known as the Silicon Valley of India. Following the launching of its first Technical Center of India in 2007, Hyundai Mobis established its second Indian center in 2020, and has since operated those two centers. The new integrated large-scale R&D center aims to accommodate the increasing number of software R&D personnel and combine the company’s dispersed R&D centers to maximize synergy.

Located in the center of Hyderabad, the new integrated R&D base has a total floor area of about 24,000 ㎡ and is located in a commercial area where global technology giants are concentrated, making it easy to secure excellent software talent. The 10-story building houses research spaces, data centers, labs and training rooms, partner workspaces, and break rooms.

Behind the company’s decision to build the R&D base was the rapidly growing Indian automotive market. According to a global research firm, India’s annual new car sales volume is 5.2 million vehicles, the third largest in the world, and is expected to grow to 6.2 million by 2028.

In particular, as the Indian automobile market has shifted from small cars to SUVs and EVs, the application of new level 2 autonomous driving features such as large displays and advanced driver-assistance systems (ADAS) is becoming more active. Accordingly, Hyundai Mobis is putting in a lot of effort to make its Technical Center of India a strategic hub for boosting global sales.

To this end, the company plans to develop it into an R&D hub that drives product cost competitiveness, performance, quality, and technology based on its abundant software R&D personnel. Hyundai Mobis plans to collaborate with vehicle software companies near its R&D center in Hyderabad, creating an external ecosystem and continuing to hire talented people.

The strategy is to develop the Technical Center of India as a global software hub with its own business capabilities and use it as an advanced base to provide integrated solutions to global carmakers.

Hyundai Mobis plans to expand the scope of software R&D at the center by increasing its participation from the early stages of new product development, developing software for local vehicles at the center, and focusing on streamlining productivity through the introduction of artificial intelligence.

“The Technical Center of India has a large pool of developers, so it is a place where many new R&D attempts are made,” said Jong-keun Lee, Head of Hyundai Mobis Technical Center of India. “Based on our nearly 20 years of experience in developing production vehicles, we will promote the advancement of software and contribute to improving product competitiveness.”

Currently, Hyundai Mobis is accelerating the development of a hardware and software integrated platform that reflects the trend around software-defined vehicles (SDVs). This integrated platform is expected to emerge as a one-stop solution that supports the reduction of development costs and the convenience of the R&D environment for global customers with a customized system that can respond to each customer and vehicle segment flexibly.

Meanwhile, Hyundai Mobis not only operates its Korean R&D centers, such as the Technical Center of Korea Mabuk and the Technical Center of Korea Uiwang, but it also operates overseas R&D centers in India, Germany, and China. The company plans to establish a new semiconductor R&D center in Silicon Valley, USA this year, which will focus on developing core technologies for autonomous driving along with its existing Hyundai Mobis Technical Center of North America in Detroit. The company’s R&D center in Frankfurt, Germany, focuses on developing technologies related to autonomous driving sensors, while the one in Shanghai, China is responsible for evaluating and improving the design of locally produced modules, brakes, and steering components.

Media Contact 
Choon Kee Hwang: ckhwang@mobis.com
Jihyun Han: jihyun.han@mobis.com

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