Latest news with #DL
Arabian Post
28 minutes ago
- Business
- Arabian Post
DL Holdings Solidifies Web3.0 with '3-Phase' Plan
HONG KONG SAR – Media OutReach Newswire – 24 July 2025 – Recently, DL Holdings Group ( has entered into strategic cooperation agreements with ViaBTC, Asseto, and Rich Dragon Consultants, while actively advancing the tokenization of HK$500 million in assets for the DL Tower. These initiatives have sparked significant market attention, with the stock price surging over 70% in a single day. On July 23, DL Holdings issued a voluntary announcement on the Hong Kong Stock Exchange, detailing its latest strategic plans and development roadmap for the digital finance sector. Three-Phase Strategic Plan to Build a Comprehensive Digital Finance Ecosystem DL Holdings' digital finance development strategy will be implemented in three phases: ADVERTISEMENT In the first phase, DL will establish a licensed virtual asset over-the-counter (VA OTC) and prime brokerage business. This will focus on providing compliant virtual asset trading services for institutions and ultra-high-net-worth clients, creating stable trading and clearing channels, and establishing it as the core revenue engine for the group's digital finance operations. In the second phase, the group plans to build an RWA tokenization and asset management platform. Leveraging its existing client resources and technological infrastructure — particularly its ultra-high-net-worth community and professional investor network — DL will tokenize real-world assets (RWA) to enhance liquidity and optimize asset management efficiency. In the third phase, DL will construct a compliant cross-border digital asset fund ecosystem. The 'International – Hong Kong' hybrid model will combine the advantages of open-market regulations with the needs of global investors. Leveraging top-tier quantitative trading teams and fund-of-funds (FoF) networks, the group aims to scale its assets under management (AUM) and lead the development of a globalized digital capital market. Core Strengths Lay the Foundation for Growth DL's ambitious plans are backed by years of solid groundwork. As a compliant financial institution holding full licenses from the Hong Kong Securities and Futures Commission (Types 1, 4, 6, and 9), Singapore's MAS, and the Cayman Islands, DL has a first-mover advantage in cross-border regulatory adaptation. Its inclusion in the 'Stock Connect' program has not only attracted more capital but also increased investor awareness of DL. Currently, the group has established a three-tier user matrix: a core circle of over 60 ultra-high-net-worth family offices, more than 1,000 professional investors active on DL Securities' platform, and NeuralFin's social platform targeting millions of mass users. This 'pyramid' structure supports a full spectrum of services, from high-end asset trading to inclusive finance. ADVERTISEMENT Notably, DL boasts strong technological and resource reserves. NeuralFin, a subsidiary of DL, has secured a strategic investment from Qraft, a top Asian FinTech company backed by SoftBank. In the Web3.0 space, DL has partnered with ViaBTC, Asseto, and other leading institutions for RWA technology platforms. With operational networks spanning Hong Kong SAR, Silicon Valley, Singapore, and other key markets, DL is shaping a cross-border ecosystem bridging traditional asset management and digital finance. Looking Ahead: Accelerating the Implementation of Digital Finance Strategies The market's most pressing question—the timeline for execution—has also been addressed. DL revealed in its announcement that it will focus on three key tasks in the second half of the year: 1. Extending its existing Hong Kong SFC licenses to cover virtual assets, with approval expected by October 2025. 2. Applying for a virtual asset OTC license while preparing stablecoin use cases and pursuing stablecoin qualifications. 3. Closely monitoring the Hong Kong SFC's policies on security token offerings (STOs) and RWA issuance to adjust business strategies accordingly. 'RWA and stablecoins are not just technological innovations but a transformative shift toward financial inclusivity' said Andy Chen, Chairman of DL Holdings and NeuralFin. 'DL doesn't ride trends; it pioneers them. We don't fear change; we lead it. Because true wealth belongs to those who can see the future.' From the tokenization of HK$500 million in DL Tower assets to the clear outline of its 'three-Phase' strategy, DL is steadily navigating the Web3.0 wave with compliance as its anchor and technology as its oar. This confidence stems from its belief in Hong Kong's vision to become a global Web3.0 hub. By adhering to principles of compliance, security, and foresight, DL is driving the next generation of financial infrastructure, pioneering digital capital markets and RWA tokenization to build a unique digital financial ecosystem. Moving forward, DL will continue to balance innovation with compliance, accelerating growth through organic expansion and strategic acquisitions to create long-term value for shareholders and partners in the Web3.0 era. Hashtag: #DLHoldings The issuer is solely responsible for the content of this announcement.
Time of India
2 days ago
- Automotive
- Time of India
Govt mandates vehicle owners to updatecontact details within 3 month
Patna: The state govt has made it mandatory for all vehicle owners in Bihar to update their cellphone number and address in the database of their vehicles within the next three months. Failure to do so will deny the vehicle owners the right to renew pollution certificate, registration certificate (RC) and driving licence (DL) of their vehicles, said additional director general of police (traffic), Sudhanshu Kumar, at a press conference in Patna on Tuesday. The ADG said the e-challan system approved by the Centre has also been implemented in Bihar. "The standard operating procedure (SOP) has been prepared for this. The campaign of updating the database will be run for everyone once a year, keeping in view the possibility of frequent changes of cellphone number and address," he said. It will be mandatory to pay the issued e-challan within 90 days. "If this is not done, the competent officer will electronically suspend the DL and RC after sending an alert notice to the vehicle owner 15 days in advance, he said. The ADG said the challan has to be settled within the stipulated period. He, however, clarified that only challans with stamping of time, place and date will be valid. "Challans made by taking photos from cellphones can be challenged before the competent officer," he said. "Challans will also be issued from body-worn cameras soon," he said. Under the SOP, a dashboard will be created at the state and district level to monitor the e-challan. "If one is dissatisfied with the e-challan, the vehicle owner will be able to challenge it before the designated grievance redressal authority within 30 days. In the event of retaining the notice or reducing the challan amount, it will be mandatory to pay within 15 days," he said and added that the vehicle owners will be informed about e-challan through SMS, WhatsApp and e-mail within three days and physically within 15 days.
Time of India
4 days ago
- Automotive
- Time of India
With juvenile on board, pay 2x fine for breaking traffic rules
NEW DELHI: The road transport ministry has proposed doubling of penalty for traffic rule violation by people driving with children, a move that will ensure safety and responsibility. Tired of too many ads? go ad free now It has also proposed a "merit and demerit (positive and negative) point system" for all drivers based on their compliance with or violation of traffic rules. The changes have been proposed as part of amendments to the Motor Vehicles Act, and these have been circulated among ministries for their feedback, TOI has learnt. Sources said the proposal of doubling penalty for traffic rule violation has been made considering rampant non-compliance of norms by parents and family members driving with children and by buses owned or hired by schools to transport students. The higher penalty is aimed at making both drivers and vehicle owners responsible. However, a section of road safety experts feel that any addition to the list of offences may end up only as a "better" legislative exercise and another avenue for corruption, if not implemented objectively. "Even now traffic cops catch and penalise drivers only for half a dozen offences such as speeding, drunk driving, jumping red signal, using phone and not wearing seatbelt or helmet, while the MV law covers over 100 offences. How will cameras installed identify if a juvenile is sitting in the rear seat of a car and will police personnel stop vehicles and check the age of people sitting inside? While framing laws and policies we don't think of India but Delhi, Mumbai, Chennai and big cities," an expert said. As far as the proposal of "merit and demerit" points system for drivers is concerned, govt will set a threshold for demerit points and any driver accumulating negative marks beyond that will face the risk of suspension and cancellation of his/her driving licence. The ministry has also proposed to link insurance premium to behaviour of drivers, which will be reflected through positive and negative points. Sources said the proposed amendments include mandatory driving test for DL holders applying for renewal before expiry of licence, if they have violated traffic rules.
The Hindu
13-07-2025
- Sport
- The Hindu
Sable to recover in 1-2 weeks after suffering minor injury during Monaco DL, says coach Amrish Kumar
Seasoned Indian steeplechaser Avinash Sable sustained a minor injury due to a nasty fall during the Monaco Diamond League two days back, but he will be all right in quick time, his long-time coach Amrish Kumar said on Sunday. Asian Games champion and national record holder Sable failed to finish the men's 3000m steeplechase event on Friday as he fell during the water jump early in the race. He was seen clutching his lower thigh area just at the back of the knee as he left the race. 'Sable has suffered a minor injury around the knee. He will take rest and he should be all right in one or two weeks at the maximum. It is not much to worry about,' Amrish, who is with the Army Sports Institute in Pune, told PTI. 'He (Sable) was trying to protect the runner ahead of him and who just jumped over the water barrier. While doing that, he himself fell, this kind of things happen in a race,' he added. The athlete ahead of him lost balance and went down, causing Sable to stumble as well. It was Amrish who spotted Sable after he joined the Indian Army in 2012. Amrish made Sable shift to steeplechase from cross country run in 2017 and nurtured him into a top athlete.. ALSO READ | Gulveer Singh registers third-fastest Indian time in 1500m, claims Asian lead With just one point from three DL meetings this season, it will be difficult for the 30-year-old Sable to make it to the DL Finals on August 27-28 in Zurich, Switzerland. Sable, whose national record stands at 8 minutes 09.91 seconds, finished 13th in the Xiamen DL on April 16, was eighth in Keqiao — also in China — before a DNF in Monaco on Friday. The last DL meeting which has men's 3000m steeplechase in the roster is in Brussels on August 22. On Friday, the sports ministry has approved Sable's training in Colorado Springs, USA, from July 15 to September 3 to prepare for the World Championships (September 13-21) in Tokyo, for which he has already qualified.
Mint
13-07-2025
- Sport
- Mint
Sable suffers 'minor injury' during Monaco DL, will be 'fine' in 1-2 weeks: coach
New Delhi, Jul 13 (PTI) Seasoned Indian steeplechaser Avinash Sable sustained a minor injury due to a nasty fall during the Monaco Diamond League two days back but he will be all right in quick time, his long-time coach Amrish Kumar said on Sunday. Asian Games champion and national record holder Sable failed to finish the men's 3000m steeplechase event on Friday as he fell down during the water jump early in the race. He was seen clutching his lower thigh area just at the back of the knee as he left the race. "Sable has suffered a minor injury around the knee. He will take rest and he should be all right in one or two weeks at the maximum. It is not much to worry about," Kumar, who is with the Army Sports Institute in Pune, told PTI. "He (Sable) was trying to protect the runner ahead of him and who just jumped over the water barrier. While doing that, he himself fell, this kind of things happen in a race," he added. The athlete ahead of him lost balance and went down, causing Sable to stumble as well. It was Kumar who spotted Sable after he joined the Indian Army in 2012. Kumar made Sable shift to steeplechase from cross country run in 2017 and nurtured him into a top athlete.. With just one point from three DL meetings this season, it will be difficult for the 30-year-old Sable to make it to the DL Finals on August 27-28 in Zurich, Switzerland. Sable, whose national record stands at 8 minute 09.91 seconds, finished 13th in the Xiamen DL on April 16, was eighth in Keqiao -- also in China -- before a DNF in Monaco on Friday. The last DL meeting which has men's 3000m steeplechase in the roster is in Brussels on August 22. On Friday, the sports ministry has approved Sable's training in Colorado Springs, USA from July 15 to September 3 to prepare for the World Championships (September 13-21) in Tokyo for which he has already qualified.
