Latest news with #TRX
Business Insider
a day ago
- Business
- Business Insider
DWF Ventures Report Reveals $76B Crypto Treasury Investment by Public Companies
Leading web3 venture capital firm DWF Ventures has published a research report revealing the growth in crypto treasury investment by public companies. It has identified 14 companies that have rolled out a crypto investment strategy, and who collectively now hold digital assets worth $76B. In the past year, DWF Ventures has noted investments of more than $40B made by public companies. It pinpoints a total of 14 such companies that now have significant crypto treasuries. Aside from the Michael Saylor-led Strategy with its $67B investment, DWF Ventures cites public companies such as Trump Media, GameStop, Metaplanet, Tesla, and Semler Scientific. The report examines the different ways in which publicly listed companies can raise capital and deploy crypto treasuries. Examples include Private Investment in Public Equity (PIPE); At-The-Market (ATM) Equity Sales; Credit Facility; Reverse Merger; and Company Treasury. It notes the popularity of PIPE and convertible notes as used by the likes of Trump Media, Interactive Strength, and GameStop. DWF Ventures also explores the crypto assets that public companies have elected to acquire. Bitcoin predictably dominates, but it highlights examples of companies that have established altcoin treasuries. These include Nano Labs (BNB) as well as companies investing in ETH, SOL, SUI, and TRX. One of the more interesting deals that was examined as a case study is Tron's reverse merger. This will effectively see Tron go public in the U.S. through a reverse merger with Nasdaq-listed SRM Entertainment Inc. (SRM). SRM Entertainment has also entered into a $100 million equity agreement to fund its Tron treasury. The report concludes: 'Building on our recent investment in Interactive Strength (TRNR) for the FET treasury, DWF Labs is actively exploring further opportunities within the US equity market. The company is keen to engage in similar structured deals moving forward.' The DWF Ventures crypto treasury report can be read in full here. DWF Labs is the new generation Web3 investor and market maker, one of the world's largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges. Contact Lynn Chia
New Straits Times
2 days ago
- Business
- New Straits Times
TRX City breaks ground on 39-storey tower, PwC named anchor tenant
KUALA LUMPUR: TRX City Sdn Bhd has commenced construction on a new 39-storey office tower at Tun Razak Exchange (TRX), further cementing its status as Malaysia's International Financial Centre. Targeted for completion in 2029, the tower will meet global standards with features such as flexible floorplates, multi-tiered security, direct MRT connectivity, and WELL Core and Shell certification—emphasising occupant health and wellbeing. At the groundbreaking ceremony, TRX City CEO Datuk Azmar Talib announced that PricewaterhouseCoopers Malaysia Holdings Sdn Bhd (PwC) will serve as the anchor tenant. The firm will move its headquarters from KL Sentral to the new tower, taking up at least 200,000 sq ft of net lettable area. "The firm's decision to move its headquarters here is a strong endorsement of TRX as the preferred premium international business address," Azmar added. Following a binding head of terms signed in November 2024, TRX City and PwC aim to finalise the definitive agreement to build and lease by the end of the second quarter of 2025. TRX has delivered over 9 million sq ft of gross floor area covering office, retail, hotel and residential components. "Today, we are proud to report that retail is nearing full occupancy, residential projects are more than 95 per cent sold, and office buildings currently in operation have reached close to 80 per cent occupancy based on NLA. "In just over a year, more global companies are choosing TRX. This includes Ant International, Bin Zayed International (M) Bhd, and MUFG Investor Services. Signalling strong trust in Kuala Lumpur's potential as a business and financial hub," Azmar added. To fund the new development, TRX City is in the midst of securing up to RM660 million in financing, with Affin Bank Bhd pledging RM250 million.
The Sun
2 days ago
- Business
- The Sun
TRX to complete 10th tower by 2Q 2029 amid rising demand
KUALA LUMPUR: Tun Razak Exchange (TRX) has commenced construction on its 10th commercial tower, with completion expected by the second quarter of 2029. The 39-storey development aims to meet increasing demand for high-end office space in Kuala Lumpur's financial district. TRX City Sdn Bhd chief executive officer Datuk Azmar Talib stated that the new tower aligns with strong market demand, as existing buildings in the area approach full occupancy. 'We are guided by data and demand, with strong momentum and projected full occupancy in the near term, the launch of this new tower is timely,' he said during the groundbreaking ceremony. The upcoming tower will feature flexible floorplates, multi-level security, direct access to the mass rapid transit station, and compliance with environmental, social, and governance (ESG) standards. PricewaterhouseCoopers (PwC) Malaysia has been confirmed as the anchor tenant, leasing 250,000 square feet of space for 20 years. The firm will relocate its headquarters from KL Sentral to the new TRX tower. Azmar noted that TRX has already delivered over nine million square feet of mixed-use developments, including office, retail, hotel, and residential spaces. Residential units are over 95% sold, while operational office buildings have reached nearly 80% occupancy. Global firms such as Ant International, Bin Zayed Group, and Mitsubishi UFJ Financial Group Investor Services have chosen TRX as their base, reflecting confidence in Kuala Lumpur's financial hub potential. To date, TRX has attracted over RM8 billion in investments and houses more than 20,000 knowledge workers across its 28.32-hectare site.
New Straits Times
2 days ago
- Business
- New Straits Times
PWC moves into TRX, advancing Kuala Lumpur's status as financial hub: Amir Hamzah
KUALA LUMPUR: The entry of PricewaterhouseCoopers Malaysia Holdings Sdn Bhd (PwC Malaysia) into Tun Razak Exchange (TRX) as an anchor tenant marks another step forward in positioning Kuala Lumpur as a premier destination for global businesses and in strengthening its International Financial Centre (IFC) ecosystem. Finance Minister II Datuk Seri Amir Hamzah Azizan said PwC's presence in the district is expected to create high-quality job opportunities and enhance regional integration across ASEAN and beyond. "Today's groundbreaking ceremony is more than just a success for TRX, it is a win for Kuala Lumpur. "Realising Kuala Lumpur's full potential as a competitive international financial centre demands fullalignment and coordinated execution across all arms of government, so that we continue to strengthen KL's centrality and competitiveness," he said during the groundbreaking ceremony for the New TRX Development today. His speech was delivered by Finance Ministry Deputy Secretary-General (Investment) Datuk Shahrazat Ahmad.
Yahoo
4 days ago
- Yahoo
Momo Yakitori at TRX serves Muslim-friendly Japanese skewers in a retro train — RM2 bento every weekend
If you're wondering which mall to keep an eye on in KL, The Exchange TRX is definitely one to watch. Exciting food spots are opening there all the time, and one of them is Momo Yakitori, located at Market Lane. Even from the outside, you'll quickly get the theme: a retro Japanese train station. It's a small place, but you can grab one of their mini fans to cool off. Take a seat next to their digital 'window,' which makes it feel like you're riding on a train in Japan. The main star here is yakitori: grilled skewers of meat, seafood, and vegetables. While Momo Yakitori isn't halal-certified just yet, all the ingredients they use are, so it's Muslim-friendly. The skewers are cooked using an automated high-tech grill from Malaysia and dipped in authentic yakitori sauce all the way from Nagano, Japan. You can order individual skewers or go for a bento set, where you get to pick 5 skewers with rice. We tried their Speciality Bento (RM25.90), which came with flavoured sushi rice and skewers like Japanese A5 wagyu, chicken with pepper, ladyfingers, and our favourite— golden crab stick. The wagyu was juicy and tender, though a bit rich if you're not big on beef. The rice was sweet, sticky, and perfect with the pickled ginger on the side. We also tried a few extras: Tamago Yaki with Mentaiko (RM7), Chicken Ball with Cheese (RM7), Takoyaki (RM6.50), and Seafood Pancake (RM5.50). The tamago was torched right in front of us and turned out soft and fluffy. But the real winner was the crunchy and juicy Seafood Pancake. Once you're done eating, take a look at their merch corner. They've got cute cat-themed keychains and even blind bags if you like surprises. Oh, and don't forget to grab one of their postcards. You can write a message, stamp it, and drop it in their mailbox. They'll mail it for you anywhere in Malaysia. If you're planning a visit, here's a bonus: every Friday to Sunday this summer, you can get a second bento for just RM2. Grab them while stocks last! DONKAI: Halal-certified Angus & A5 Wagyu Hamburg on sizzling hot plates — overrated hype or splurge-worthy? The post Momo Yakitori at TRX serves Muslim-friendly Japanese skewers in a retro train — RM2 bento every weekend appeared first on
