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INDONESIA’S FIRST PROPERTY ASSET TOKENIZATION COLLABORATION BETWEEN D3 LABS, BTN, AND RELIANCE GROUP.

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JAKARTA, Indonesia, July 31, 2024 /PRNewswire/ — D3 Labs, a provider of blockchain-based financial technology solutions, in collaboration with Indonesia’s state-owned bank PT Bank Tabungan Negara (Persero) Tbk (BTN) and PT Reliance Manajer Investasi (RMI), has developed the first property asset tokenization product in Indonesia. This was achieved through a blockchain technology-based Real Estate Investment Fund (REIT) scheme. This achievement is the outcome of BTN’s collaboration with PT Reliance Manajer Investasi (RMI) as an investment manager and D3 Labs as a blockchain technology provider for digital asset tokenization.

In this partnership, D3 Labs plays a critical role in providing banking-grade tokenization infrastructure, empowering emerging market financial products to be made available to global audiences. This partnership with BTN, the largest Indonesian mortgage state-owned bank that manages around 40% of the Indonesian mortgage market, is a testament to the capability of D3 Labs’ infrastructure, being able to pass the highest criteria of banking and compliance standards.

Indonesia has emerged as a prime destination for international investors, with foreign direct investment (PMA) reaching a substantial USD 946.4 million or approximately IDR 14.19 trillion by the conclusion of the first quarter of 2024. Indonesia is the 4th most populous country in the globe, combined with a rising middle class, Indonesia is commonly viewed as one of the largest and most potential emerging markets in the world. Despite the prevailing global economic difficulties, Indonesia’s real estate sector has presented a picture of resilience, drawing interest from investors across Southeast Asia, as well as from Hong Kong, China, India, Australia, Japan, and France, who are keen to participate in real estate investment within the nation.

Tigran Adiwirya, CEO of D3 Labs, has noticed a widespread adoption of blockchain technology for digitally tokenizing financial assets in recent years. This trend is mainly due to the highly liquid and efficient market. According to Nareits – the Association for REITs and Mortgage REITs based in Washington D.C., the total equity market capitalization for listed REITs has reached USD 2.0 trillion by the end of 2023. In September 2023, the tokenization of REITs surged to USD 178 million, marking a remarkable 90% growth from the 2022 figures. This substantial increase can be attributed to utilizing blockchain technology, which introduces new investment opportunities and positively impacts liquidity. It’s important to note that REITs’ tokenization currently only represents a small fraction of the potential opportunity. With this in mind, D3 Labs, along with BTN and Reliance, are strategically positioned to capitalize on this growing trend.

BTN’s Director of Risk Management, Setiyo Wibowo, emphasized BTN’s endorsement of technological innovation within the financial sector through digital asset tokenization. The primary objective is to broaden investor access to domestic and international property investments. Setiyo explained, “BTN will supply property assets that conform to the underlying REITs’ criteria for subsequent tokenization. This process designates the property owner, an active BTN debtor, as the issuer of REIT products. RMI will oversee the management of these assets, while D3 Labs will handle their tokenization.”

The current investment opportunity has captured the attention of approximately 195 countries worldwide, each of which is actively formulating regulations about the tokenization of real-world assets. Meanwhile in Indonesia, the provisions for REIT products have been issued since 2017 by OJK Regulation No. 64/POJK.04/2017 concerning Real Estate Investment Funds in the Form of Collective Investment Contracts. Entities that issue REITs stand to gain numerous advantages, including access to new funding for business expansion, tax incentives, and transforming illiquid assets into liquid assets. Similarly, REIT investors can benefit from a highly affordable alternative investment in real estate, protection against inflation, and increased transparency. Setiyo emphasized that RIET Tokenization will be developed through a Sandbox or trial with OJK (Indonesia’s Financial Services Authority), conducted by RMI and D3 Labs.

“D3 Labs specializes in providing blockchain technology solutions for financial services institutions. Our blockchain solution, SeaSeed, is a blockchain extension module that enables financial services institutions to securely manage their transactions and data confidentiality. Our goal is to assist in the development of standardized banking products utilizing blockchain technology, with a focus on transaction security, transparency, and accountability,” stated Tigran.

About D3 Labs

D3 Labs is a pioneering leader in programmable assets and blockchain technology, dedicated to revolutionizing the financial landscape in Indonesia and the broader Southeast Asia region. With a focus on empowering businesses, D3 Labs delivers cutting-edge programmable asset infrastructure solutions to streamline processes and enhance competitiveness.

For more information, visit: www.d3labs.io or our social media :
Linkedin: D3 Labs 
Youtube: D3 Labs 
Instagram: @d3labs.io

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SOURCE D3 Labs

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The Hottest Dog Bronchial Health Supplement on Shopee in 2024

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SEOUL, South Korea, Nov. 10, 2024 /PRNewswire/ — As a dog owner, you may have often heard your furry friend coughing, whether it’s a dry hack or a honking sound. Though it might seem trivial, these coughs can cause serious discomfort for your furry friend and create anxiety for you as a caring pet parent.

DOCTORBY’s BREATH CARE is a nutritional supplement designed to support bronchial health in dogs, currently gaining attention among many pet owners on Shopee.

Coughing in dogs can be triggered by various factors, including temperature fluctuations, strong air conditioning, and dust or debris inhaled during walks. Additionally, as dogs age, their bronchial immunity can weaken, leading to potential health issues.

BREATH CARE contains a blend of functional ingredients like the plant-based complex extract TF-343, magnesium, and propolis, which can help alleviate respiratory issues such as coughing and support the elimination of waste accumulated in the bronchial passages.[1] With a taste dogs love, it doubles as a treat, making it incredibly easy for pet owners to administer. Furthermore, it has passed heavy metal and toxicity tests, ensuring safety without the use of synthetic sweeteners or colorings.

Currently, BREATH CARE ranks as one of the top products in Shopee’s pet nutrition and supplement category. In May 2024, it achieved the number one sales position in the pet nutrition category on Shopee Singapore, garnering immense popularity. Shopee has reported a staggering 3,000% growth in sales compared to 2023. Notably, DOCTORBY has not only topped the charts on Shopee but has also held the number one position on Amazon Japan for 22 consecutive weeks, establishing itself as a leader in the South Korean pet nutrition market and rapidly expanding in the global market.

For cat owners, the cat-specific bronchial supplement, CAT BREATH CARE, is also enjoying tremendous popularity. Additionally, DOCTORBY offers a variety of health supplements, including ‘SKIN & COAT’ for skin support, ‘EYES CARE’ for eye health and tear stain improvement, and ‘HAIRBALL CARE’ to assist with hairball elimination in cats. In Singapore, DOCTORBY products are exclusively available on Shopee.

Enjoy fast delivery via Shopee’s reliable fulfillment services, with most orders arriving within 2 to 3 days for a satisfying shopping experience. Shopee also hosts monthly promotional events, such as Double Day and Pay Day, offering a range of exciting deals. Moreover, a special Mega Day event is planned for November 11, promising additional benefits for shoppers.

[1] Korean J. Food Sci. Technol. Vol.35, no.5, pp980-987 (2003)

 

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SOURCE DOCTORBY

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LG Display Succeeds in Developing World’s First Stretchable Display that Expands by 50 Percent

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SEOUL, South Korea , Nov. 9, 2024 /PRNewswire/ — LG Display, the world’s leading innovator of display technologies, announced today its unveiling of the world’s first Stretchable display capable of expanding up to 50%, the highest rate of elongation in the industry. At LG Science Park in Seoul on Nov. 8, the company demonstrated the panel at a meeting of more than 100 South Korean industry, academia, and research stakeholders involved in a Stretchable display national project.

Stretchable displays are seen as the ultimate free-form screen technology because they can be freely transformed into any shape, including by stretching, folding, and twisting.

The new prototype features a 12-inch screen that stretches up to 18 inches, while simultaneously delivering a high resolution of 100ppi (pixels per inch) and full red, green, and blue (RGB) color.

Compared to the first Stretchable display prototype unveiled in 2022, the new panel’s maximum elongation rate has more than doubled from 20% to 50%. This enhanced stretchability enables various display design possibilities, raising the technology’s potential competitiveness when commercialized.

By applying a number of new technologies, such as improving the properties of a special silicon material substrate used in contact lenses and developing a new wiring design structure, LG Display improved the panel’s stretchability and flexibility, exceeding the original national project’s target of 20% elongation.

In addition, by using a micro-LED light source of up to 40μm (micrometers), the new prototype’s strengthened durability means it can be repeatedly stretched over 10,000 times, maintaining clear image quality even in extreme environments such as exposure to low or high temperatures and external shocks.

Stretchable displays are not only thin and lightweight but also capable of adhering to irregularly curved surfaces like clothing and skin. They are expected to be widely applied in various industries, from fashion and wearables to mobility.

The company showcased numerous concepts for the application of Stretchable displays, including an automotive panel that stretches out into a convex shape and can be operated by hand as well as a wearable display attached to firefighters’ uniforms that provides real-time information.

LG Display was selected as the lead company for the national project to develop Stretchable displays in 2020 and since then has been conducting joint R&D with 19 domestic industry and research institutes. It is one of the major tasks of a wider project to develop core technologies for next-generation displays promoted by South Korea’s Ministry of Trade, Industry and Energy (MOTIE) along with the Korea Planning & Evaluation Institute of Industrial Technology.

By successfully completing the project, LG Display has not only secured core technologies that can lead the next-generation display market but also contributed to localizing materials, components, and equipment as well as building an R&D infrastructure.

“We will continue to build a sustainable future display ecosystem through close cooperation between South Korean industry, academia, and research stakeholders,” said Soo-young Yoon, CTO and Executive Vice President of LG Display.

About LG Display

LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world’s leading innovator of display technologies, including thin-film transistor liquid crystal and OLED displays. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, automobiles, and various other applications, including tablets and mobile devices. LG Display currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 70,707 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.

Media Contact:
Joo Yeon Jennifer Ha, Manager, Communication Team
Email: hjy05@lgdisplay.com 

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SOURCE LG Display

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Stay Better in China: Tell the Beautiful China to the World

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NANCHANG, China, Nov. 9, 2024 /PRNewswire/ — A report from Jiangxi International Communication Center (JXICC): Komurcu Busra, an international student from Nanchang University, talks about her life in China. She felt the simplicity of Chinese countryside and pure beauty of nature here. She wants to tell the beautiful China to the world.

https://www.youtube.com/watch?v=vQGbRJc4ncc

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SOURCE Jiangxi International Communication Center(JXICC)

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