GF Securities Offers Offshore Yuan-Backed Token With Interest
A Chinese brokerage started offering tokenized securities with daily interest in currencies including the US and Hong Kong dollars and offshore yuan, according to a person familiar with the matter.
GF Securities Co. 's Hong Kong unit launched daily-interest accruing, daily redeemable tokenized securities, known as 'GF Token,' the person said, asking not to be named discussing a private matter. The US dollar token is benchmarked to the Secured Overnight Financing Rate, while the rate for Hong Kong dollar and yuan products is unclear.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
37 minutes ago
- Yahoo
Tipalti's Darren Upson on the strategic use of AI-driven finance
Tipalti currently serves over 5,000 companies via AI-driven solutions to automate finance operations. These include accounts payable, employee expenses, global pay-outs, procurement, supplier management, and tax compliance. What should excite Tipalti's backers is the sheer scale of the addressable market of prospects not yet using AI-powered finance software. 'There are a huge number of companies, especially those of a more traditional nature, that have not even scratched the surface of automation and what it can do for their businesses,' says Darren is a fully automated, cloud-based platform that simplifies the most complex finance workflows, helping its clients manage end-to-end payables across multiple entities, currencies, and countries—with built-in compliance. And its seamless ERP integrations gives complete visibility and control. So, it eliminates manual work and speeds up the entire payables process, automating everything from invoice approval to global payments and reconciles data seamlessly. That summary is hardly over-techy and should be understandable to even the most basic of business leaders. The Tipalti proposition is boosted by the backing of JPMorgan Chase, which is about as good as it gets if you had the widest possible choice of potential financial backers. Back in 2023, Tipalti raised $150m in growth financing from JPMorgan and Hercules Capital. At the time, it brought total funding to more than $550m and valued the firm at over $8bn. JPMorgan is also one of the major banks Tipalti uses to route its billions of dollars' worth of supplier payments on behalf of its customers. 'We work in the fintech space as an automation platform for accounts payable and also mass payments as well. We are both a software company and a financial services business. We execute payments for our businesses and we handle the whole accounts payable process from start to finish, basically stripping out all of the manual, redundant processes associated with accounts payable. 'As that is the most time-consuming part of finance, we're trying to help organisations, especially those fast-growing businesses, to actually put their people to better use and leverage technology to really do that manual, repetitive work more efficiently, faster and to be more scalable as well.' He says that a typical client firm will be high-growth, pre-IPO outfits that have already embraced automation. They will be firms that understand how automation enables them to be more agile as an organisation. 'The big challenge that exists now is individuals' understanding the art of the possible. There's a lot of people that think that they've already automated everything they can do. But there's always more and with AI tools and the technology that exists out there, there's so many more areas across an organisation that you can automate to create more efficiency, especially when businesses are looking to try and retain and attract talent as well. It's about, how do they make sure that the people that are coming into the workforce now are doing roles that are actually fulfilling and that they enjoy.' In the run up to the UK's Labour government first budget, there was much negative press coverage forecasting doom and gloom if taxes such as capital gains tax were raised. In the end, the rate of increase was not as steep as the most pessimistic forecasts but CGT did rise from 20% to 24% for higher rate taxpayers. And given the track record over history of past Labour governments, further tax rises are more likely than any tax cuts. Upson says that the UK is still the number one destination out of North America for start-ups. 'We've got such a hotbed of talent, and we've got a large banking infrastructure in place as well. So [tax changes] do not mean that the lights are going to go out overnight. But I think that there have to be more incentives to actually attract and support individuals that are looking to build the next big thing.' "Tipalti's Darren Upson on the strategic use of AI-driven finance" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
2 hours ago
- Yahoo
No, you're not dreaming: the Venus Optics Laowa 12mm f/2.8 FF II C&D Dreamer is coming next week
When you buy through links on our articles, Future and its syndication partners may earn a commission. Lens-maker Venus Optics has officially announced that it will be releasing a new 12mm f/2.8 full-frame autofocus lens on June 25, 2025. The Laowa 12mm f/2.8 FF II C&D Dreamer will be available in Sony E and Nikon Z mounts with full autofocus, and there will also be Canon RF and L-mount Alliance versions, although these will be manual-focus only. While Venus Optics has garnered a stellar reputation for producing innovative and often unusual manual focus lenses with remarkably low distortion, this new lens is only the second from the brand to have autofocus, joining the recently released Laowa 10mm f/2.8 FF II C&D Dreamer, which again offers autofocus in its Nikon and Sony versions, with other mounts only having manual focus. According to Venus Optics, the 'C&D Dreamer' designation in its Laowa lens range is broken down as follows. The 'C' signifies a compact build, the 'D' means minimum distortion, and the 'Dreamer' bit is reserved for lenses that exhibit soft, artistic image rendering. Indeed, it is compact and light, weighing around 377 grams, depending on the lens mount, and has a reasonably svelte 72mm filter thread. And Venus Optics claims that it produces images with a near-zero distortion. We'll see if our tests bear this out when we get our hands on a review sample. It's not the first 12mm f/2.8 Laowa lens – that honor goes to the Laowa 12mm f/2.8 Zero-D, which was released back in 2016. But while this 'Zero-D' model signifies a 'close-to-zero distortion' design, it is a significantly heftier lens, weighing in at around 609 grams, and is only available in manual focus, whatever the mount. While pricing details are expected to be officially released at the time of the announcement on June 25, I expect the lens will be competitively priced. As a rough guide, the autofocus versions of the Laowa 10mm f/2.8 lens cost £799 / £849 / AU$1,449.
Yahoo
2 hours ago
- Yahoo
If Warren Buffet's Wealth Was Evenly Distributed Across America, How Much Money Would Every Person Get?
Warren Buffett, the legendary 'Oracle of Omaha,' has built one of the most impressive fortunes in modern history through decades of savvy investing and his leadership of Berkshire Hathaway. But what if the 94-year-old billionaire's massive wealth was distributed equally among every American citizen? The answer might surprise you. Trending Now: For You: As of 2025, Warren Buffett's estimated net worth stands at approximately $160-161 billion, making him one of the five wealthiest individuals in the world. If that money was split evenly amongst millions of Americans, how much would you get? With the United States population estimated at around 347 million people as of January 2025, a simple division reveals that each American would receive approximately $462 if Buffett's entire fortune was distributed evenly. While $462 might not seem life-changing for most Americans, it represents the purchasing power equivalent to: A month's worth of groceries for an average household. Several months of streaming service subscriptions. A decent emergency fund starter for those living paycheck to paycheck. A small investment that could grow over time. Explore More: Buffett has a history of beating the S&P 500 performance each year with his Berkshire Hathaway conglomerate, and 2025 has been particularly kind to the investing icon, with his estimated personal wealth growing while most other billionaires have lost money this year. In just the first four months of 2025, Buffett amassed an additional $24 billion as Berkshire Hathaway's stock price increased. The vast majority of Buffett's wealth comes from his ownership stake in Berkshire Hathaway, the conglomerate he has led since 1970. His investment philosophy of buying quality companies at reasonable prices and holding them for the long term has created extraordinary returns for shareholders over more than five decades. To understand the significance of this amount, consider that $462 represents: More than many Americans have in their emergency savings accounts. About 10% of the median monthly household income in the United States. Enough to cover unexpected expenses like car repairs or medical bills for many families. A meaningful contribution to retirement savings when invested properly. For context, this amount is considerably less than what each American would receive from other tech billionaires' fortunes. For example, if Elon Musk's wealth was distributed equally, each person would receive significantly more due to his higher net worth. Of course, this thought experiment is purely hypothetical. Buffett has already committed to giving away 99% of his wealth through the Giving Pledge, a commitment he made alongside Bill and Melinda Gates to donate the majority of their fortunes to charitable causes during their lifetimes or after their deaths. Since 2006, Buffett has donated more than $50 billion to various charitable organizations, primarily through annual gifts of Berkshire Hathaway stock to the Bill & Melinda Gates Foundation and family foundations run by his children. His approach to philanthropy emphasizes that those who have been fortunate in capitalism should give back to society. While receiving $462 from Warren Buffett's hypothetical wealth distribution might provide temporary relief or a small financial boost, the real value lies in understanding how he built that wealth in the first place. His disciplined approach to investing, focus on long-term value creation and commitment to continuous learning offer more valuable lessons than any one-time windfall could provide. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 These Cars May Seem Expensive, but They Rarely Need Repairs 25 Places To Buy a Home If You Want It To Gain Value This article originally appeared on If Warren Buffet's Wealth Was Evenly Distributed Across America, How Much Money Would Every Person Get?
