Backed Financial News

Swiss-based real-world asset tokenizer Backed has introduced its latest tokenized security product, bIB01, on the Base blockchain, Coinbase's Layer 2 (L2) network.

Who says NFTs are dead? ‘Calladita / The Quiet Maid' - a movie funded by the sale of non-fungible tokens (NFTs), set to premiere at the Tallinn Film Festival - has secured a global sales deal. 

Stars Arena, a social platform supported by Avalanche's Contract Chain, has fallen victim to a significant security breach.

Switzerland-based blockchain protocol Backed Finance has launched the first-ever tokenized government bond on the Base network. 

The proposal included shifting the trust’s investment strategy to focus on real estate debt, with the firm’s $88bn private assets arm, Schroders Capital, running the mandate | Credit: iStock

Florida-based startup M2X Energy has raised more than $20 million from investors, including Bill Gates-backed Breakthrough Energy Ventures, to build its gas-to-methanol trailers. The methanol plants on wheels could help reduce methane emissions at remote locations like North Dakota’s Bakken shale play where gas is often produced as a byproduct of oil and a dearth of pipeline space means the fuel isn’t transported to market. In the US, more than 286.7 billion cubic feet of gas was wasted through flaring or venting in 2021 from upstream oil and gas facilities, although the actual figure is likely far larger because some releases don’t get reported and the total doesn’t include emissions from some key producing states that don’t track the data.

VHM Limited, a rare earths developer backed by mining billionaire Chris Ellison, has missed a third deadline to sign a deal for the sale of the majority of its products to Chinese giant Shenghe Resources.

DTR), a 10-month-old decentralised finance startup founded by former SoftBank top executive Akshay Naheta, on Monday announced the launch of its UAE dirham-backed stablecoin, DRAM. In an interaction with ET, Naheta said that the aim of issuing a dirham-backed stablecoin was to establish a foothold in the $130 billion market, which is currently dominated by US dollar-backed stablecoins.

Unchained, a prominent financial service provider for bitcoin holders, has unveiled a strategic partnership with Build Asset Management, the sponsor of Build Secured Income Fund I. This collaboration is set to focus on investments in Unchained loans.

completed its merger move with UK-headquartered satellite operator OneWeb in which domestic conglomerate Bharti Enterprises is a stakeholder. Shares of the newly-formed Eutelsat Group, in which OneWeb holds a 50% stake, were listed on the LSE at 8 AM GMT on Friday.

AlphaSense, a B2B artificial intelligence (AI) platform specializing in business intelligence and search, announced the successful completion of a $150 million Series E funding round led by BOND and joined by Google parent company Alphabet’s investment arm, CapitalG, as well as Goldman Sachs and Viking Global.

Armitage Associates-backed IT services group Tecala will pay about $10 million to purchase automation consulting services company rapidMATION.

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₹1,550 apiece on NSE. According to data available on NSE, Dars Business Finance Pvt Ltd purchased 34,500 equity shares for ₹1,449.48 apiece, while Lucky Investment Managers Pvt Ltd bought 15,500 equity shares for ₹1,450.00 per share.

Bhartiya Janata Party (BJP) leader and Prime Minister Narendra Modi reached poll bound Rajasthan on Monday. PM Modi was welcomed by the BJP Mahila Morcha cadre at the venue of a BJP rally, days after Parliament passed the women's reservation bill. PM Modi reached the meeting venue in Dadiya village in Vatika on the outskirts of Jaipur from a nearby helipad in an open-top vehicle escorted by activists of the BJP's women wing who raised slogans in his support.

cricket World Cup tournament is coinciding with the festival season in India for the first time after 1987, and the industry expects the country's most popular sport to act as a catalyst, leading to growth in sales of TV, especially with bigger screen sizes as well as audio products such as battery-powered party speakers, soundbars, wireless headphones and ear buds. TV makers, including LG Electronic, Panasonic and Thomson, expect increased number of replacements of conventional and small-size TV screens with large-size smart TV panels above 55 inch screen size. Premium and ultra-premium ranges of QLED and OLED TVs are also expected to be in much demand during the World Cup from October 5 to November 19. The industry expects overall sales growth of 18 to 20 per cent, and in continuation of the previous year a higher growth of over 30 per cent from premium products such as large screen TVs, higher capacity refrigerators and washing machines. Like in earlier season, the industry is gearing up with offers and interest-free finance schemes to woo customers with new launches along with high-decibel 360 degree campaigns.

WARSAW — When it comes to financial crime, banks can often be «one decision away from a huge mess,» Martin Markiewicz, CEO of Silent Eight told CNBC.

Everest Fleet has raised Rs 50 crore (around $6 million) from private equity firm Paragon Partners, as it looks to accelerate growth and expand into new markets. The equity investment into Everest Fleet has come just a month after it raised an undisclosed amount of debt from mid-market-focused alternative investment fund Arka Credit Fund I, by issuing non-convertible debentures.

NoBrokerHood, the visitor, society and payment management app by NoBroker, has said that it has joined the government-backed Open Network for Digital Commerce (ONDC) in order to transform daily shopping experience for residents. As per the company's statement, this will help society residents avail everything from food, groceries, daily essentials, etc. on one app.

Cellecor Gadgets IPO: The initial public offering of Cellecor Gadgets Limited opened for subscription on 15thn September 2023 and it will remain open for bidders till 20th September 2023. So, Cellecor Gadgets IPO subscription is going to end today and hence investors have just few hours in hand to apply for this Sunil Singhania-backed SME issue. Sunil Singhania-owned Abakkus Asset Manager is an investment manager of India Ahead Venture Trust, which is one of the anchor investors of the public offer.

India-Canada ties has put the focus back on Pro-Khalistan Elements (PKE) using foreign soil to carry out attacks against India. The National Investigation Agency (NIA) is probing nearly 20 cases involving PKE and have been urging foreign governments, including Canada, to designate them as 'terrorists' for allegedly carrying out anti-India activities. Hardeep Singh Nijjar, chief of Khalistan Tiger Force (KTF), had four first information reports (FIRs) registered against him by NIA and carried a reward of ₹10 lakh. He was designated as 'terrorist' by the Union home ministry in July 2020 under the Unlawful Activities (Prevention) Act, 1967, along with several other top-rung pro-Khalistan supporters.