Alibaba’s global e-commerce arm is reportedly developing a bank-backed deposit token for cross-border payments as Beijing tightens its crackdown on stablecoins. The cross-border e-commerce arm of Chinese tech behemoth Alibaba is working on a deposit token amid mainland China’s crackdown on stablecoins, according to CNBC. Alibaba president Kuo Zhang told CNBC in a Friday report that the tech giant plans to use stablecoin-like technology to streamline overseas transactions. The model under consideration is a deposit token, which is a blockchain-based instrument that represents a direct claim on commercial bank deposits and is treated as a regulated liability of the issuing bank. Traditional stablecoins, which these tokens closely resemble, are issued by a private entity and backed by assets to maintain their value. The report follows JPMorgan Chase — the world’s biggest bank by market capitalization — reportedly rolling out its deposit token to institutional clients earlier this week. Read more
Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma. Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more
Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma. Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more
Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma. Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more
Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma. Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more
Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma. Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more
Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma. Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more
Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma. Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more
Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma. Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more
Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma. Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more
Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma. Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more
Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma. Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more
Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma. Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more