Connect with us

Technology

BitGo Sets the New Standard for Tri-Party Digital Asset Transactions with Arbelos Markets, Nonco and Superstate’s USTB

Published

on

BitGo provides a secure tri-party collateral management solution to leading institutions using Superstate’s tokenized Treasury Bill fund as collateral, highlighting the utility of these modernized financial assets.

PALO ALTO, Calif., June 25, 2024 /PRNewswire-PRWeb/ — 

BitGo’s industry-leading collateral management solution supports a first-of-its-kind tri-party transaction between Arbelos Markets and Nonco, allowing them to execute their trading strategies securely and efficiently.Superstate’s Short Duration U.S. Government Securities Fund, a tokenized fund where shares are issued as ERC-20 tokens, was employed as collateral, successfully highlighting the real-world application and value of tokenized assets.This tri-party transaction underscores the importance of secure market structure to continue to take advantage of opportunities within the digital asset space while ensuring proper protections are in place.

We’ve seen an increased demand to utilize tokenized funds within our Tri-Party Collateral Management business and offering our clients optionality to post them with assets including USTB has been valuable as we support their trading needs.

BitGo, the leading digital asset custodian, successfully supported a pioneering tri-party transaction between a trusted principal liquidity provider in the derivatives market Arbelos Markets, and forward-thinking institutional trading firm Nonco. This bilateral option trade on BTC/USD used Superstate’s USTB, a tokenized fund, as collateral. BitGo Trust Company, Inc. (BitGo Trust) secured the assets using its custodial segregated collateral account.

“This transaction exemplifies the innovative market structure BitGo has been championing alongside our partners for a very long time,” said Adam Sporn, Managing Director of Institutional Sales and Global Head of Prime Sales. “We’ve seen an increased demand to utilize tokenized funds within our Tri-Party Collateral Management business and offering our clients optionality to post them with assets including USTB has been valuable as we support their trading needs.”

Using USTB as collateral represents a significant advancement for institutional trading, as unlike posting USDC or fiat, it earns interest. This transaction demonstrates how tokenized assets like USTB, which provide exposure to T-Bill yields, can be used as collateral to enhance capital efficiency. By leveraging USTB to support these trades, investors can simultaneously earn interest on their collateral and maximize potential returns with more efficient collateral, showcasing a tangible use case of tokenization.

“Our vision at Superstate is for tokenized assets to be portable, programmable collateral with more use cases beyond the investment characteristics of the asset,” said Superstate CEO & Co-founder Robert Leshner. “This trade showcases the utility of tokenized assets, like USTB, and is one of the first tangible examples of innovative, real-world applications. We’re excited to see BitGo bring it to life!”

“We are thrilled to have collaborated with BitGo and Arbelos Markets on this groundbreaking tri-party transaction. Utilizing Superstate’s USTB as collateral not only enhances our trading efficiency but also showcases the transformative potential of tokenized assets. This milestone aligns with our approach to mitigating counterparty risk while contributing to the growth of the digital asset space.” Fernando Martinez, Nonco CEO.

BitGo’s collateral management solution is built off of the strength of BitGo Trust’s bankruptcy remote, qualified custody with $250M in insurance. Collaboration between various BitGo entities delivered monitoring for collateral sufficiency, daily mark-to-market reporting of collateral value to both parties in addition to a designated approval process for either party to withdraw margin or collateral from the collateral account. All of this helps address a key concern that has plagued digital asset investors in today’s markets – counterparty risk.

“This derivative transaction is proof positive that capital efficiency in crypto can be achieved without increasing counterparty risk. Tri-party collateral management solutions like BitGo’s and yield-bearing collateral assets like Superstate’s are the next steps in the institutional adoption of crypto,” said Joshua Lim, co-founder of Arbelos Markets

This collaboration between these major digital asset institutions establishes a new benchmark for secure and efficient transactions in the digital asset space. By leveraging innovative technology and maintaining a commitment to excellence, this tri-party transaction paves the way for broader adoption of digital assets, including tokenized assets, and unlocks exciting possibilities for the market.

About BitGo:
BitGo is the leading infrastructure provider of digital asset solutions for businesses, offering custody, wallets, staking, trading, financing, and settlement. Founded in 2013, BitGo is the first digital asset company to focus exclusively on serving institutional clients. In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets, and established BitGo New York Trust in 2021. In 2022, BitGo launched institutional-grade DeFi, NFT and web3 services. BitGo also supports over 800 digital assets on its platform and provides the security and operational backbone for more than 1500 institutional clients in 50 countries, including many of the world’s top cryptocurrency exchanges and platforms. For more information, please visit http://www.bitgo.com.

About Nonco:
We are an institutional crypto trading firm with a unique approach. With ten years of experience in trading digital assets, our team employs a risk-mitigating, noncustodial approach that leverages clearing, bilateral, and smart contract settlement capabilities. Our expertise spans across stablecoins, legacy and altcoin execution. Discover more at nonco.com.

About Arbelos Markets:
Arbelos Markets is a principal liquidity provider in crypto derivatives markets. The company’s mission is to rebuild crypto capital markets based on provable trust and transparency. Its proprietary Transparency Engine enables real-time visibility and verifiability across its portfolio of risk. The firm provides liquidity 24/7 across centralized markets, on-chain protocols, and more bespoke hedging and yield generation solutions. The team has experience across high-touch franchise trading, financial engineering, and electronic market-making. For more information, visit https://arbelos.xyz/.

About Superstate:
Superstate is an asset management firm modernizing the infrastructure of investment funds for crypto native institutional investors. We offer investment products that benefit from the speed, programmability, and compliance advantages of blockchain tokenization. The Firm launched their first tokenized fund, USTB, in February. USTB currently holds ~$130 million in AUM. Learn more at superstate.co.

Media Contact

Sarah Cohen, Melrose PR, (310) 260-7901, press@bitgo.com

View original content:https://www.prweb.com/releases/bitgo-sets-the-new-standard-for-tri-party-digital-asset-transactions-with-arbelos-markets-nonco-and-superstates-ustb-302181193.html

SOURCE Melrose PR; BitGo

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Kerun Launches Integrated Transformer and Substation Solutions for AI Data Centers in Hot-Climate Regions

Published

on

By

JIANGSHAN, China, June 16, 2026 /PRNewswire/ — Kerun Intelligent Control Co., LTD., a manufacturer specializing in power transmission and distribution equipment, announced the launch of its Integrated Transformer and Substation Solutions for AI data centers, cloud facilities and high-density computing infrastructure.

Designed for demanding environments such as the Middle East, the solution supports stable power distribution in regions where high temperatures, heavy electrical loads and continuous 24/7 operation place greater pressure on power infrastructure.

Combining transformers, prefabricated substations, switchgear and intelligent monitoring systems, Kerun’s integrated solution helps data center developers, EPC contractors and infrastructure operators build reliable and scalable power systems for mission-critical facilities.

Addressing Power Challenges in Hot-Climate Data Center Environments

AI data centers and high-density computing facilities face complex electrical challenges, including nonlinear loads, harmonic interference, continuous high-temperature operation and rising power density. In hot-climate regions, transformer thermal performance, fire safety and long-term reliability become even more important.

Key features include:

K-Factor harmonic-resistant transformer design: Optimized for server clusters and high-harmonic environments, helping reduce overheating risks and improve stable operation.FR3 vegetable oil-based insulating fluid option: Supports improved fire safety, thermal performance and overload tolerance, making it suitable for facilities requiring uninterrupted operation.High-efficiency power distribution: Helps reduce power losses, energy consumption and long-term operating costs.Intelligent monitoring and detection: Enables visualization of operating parameters and supports preventive maintenance in demanding environments.Reliable power architecture: Supports redundancy configurations for mission-critical loads.Flexible engineering customization: Allows adaptation based on voltage level, local climate conditions, installation environment and project specifications.

Designed for Reliability, Safety and Scalability

As AI, cloud services and digital infrastructure continue to expand across the Middle East, reliable power systems are becoming a key foundation for data center growth.

“Data centers in high-temperature environments require power systems that can deliver stability, safety and efficiency under continuous operating pressure,” said Mr. Wang, General Manager of Kerun. “Kerun remains committed to providing integrated transformer and substation solutions that support resilient digital infrastructure.”

Beyond data center applications, Kerun also serves utility, industrial, renewable energy and long-distance power transmission sectors.

About Kerun

Founded in 2004, Kerun Intelligent Control Co., LTD. provides power transmission and distribution solutions for utility, industrial and digital infrastructure projects worldwide. Its portfolio includes transformers, switchgear, prefabricated substations, energy storage containers and EV charging infrastructure.

For more information, visit: https://ar.kerunpower.com
Learn more about the solution: https://ar.kerunpower.com/solutions/transformers-solution-for-data-center/

 

View original content:https://www.prnewswire.co.uk/news-releases/kerun-launches-integrated-transformer-and-substation-solutions-for-ai-data-centers-in-hot-climate-regions-302801093.html

Continue Reading

Technology

Arcfra Releases AKE 1.6 to Enhance Production Kubernetes Operations and Network Management

Published

on

By

SINGAPORE, June 16, 2026 /PRNewswire/ — Today, Arcfra announces the release of Arcfra Kubernetes Engine (AKE) version 1.6, the latest version of its production-grade container management and service platform.

This release improves Kubernetes operational efficiency and strengthens production network management. AKE 1.6 introduces form-based visual management for Kubernetes resources, enabling users to deploy and manage applications without writing complex YAML files. It also supports separation of workload cluster management networks from service networks and multiple network interfaces for Pods, helping enterprises address security isolation, compliance, and high-performance networking requirements.

Form-Based Visual Management for Kubernetes Resources

AKE 1.6 introduces form-based deployment and management for Kubernetes resources, allowing users to complete common application operations through the UI instead of manually writing and maintaining YAML files.

This capability brings infrastructure, Kubernetes clusters, and business applications into a unified visual management experience. Users can view related resources in a single interface, access frequent operations more directly, and reduce the complexity of managing containerized applications.

Separated Management and Service Networks for Workload Clusters

To prevent management traffic and service traffic from affecting each other, AKE 1.6 supports separating the management network from the service network for workload clusters.

In this architecture, management traffic and business service traffic are isolated into separate network planes. The container service network cannot directly route to control plane components such as the Kubernetes apiserver. Even if a container is compromised, control plane operations remain isolated, improving platform security and helping enterprises meet network isolation and compliance requirements.

Multiple Pod NICs for High-Performance and Isolated Network Access

AKE 1.6 also introduces support for configuring multiple network interfaces for Pods. This capability supports scenarios where applications need access to multiple network planes for security isolation, direct connectivity, or higher network performance.

Compared with Overlay networking, direct flat network access can reduce network overhead and deliver higher throughput and lower latency, with an approximately 20% performance improvement in applicable scenarios.

AKE: Proven in Production

AKE powers mission-critical systems for enterprises in finance, healthcare, manufacturing, e-commerce, and other sectors, including ConnectWave and Foxconn.

View original content:https://www.prnewswire.com/apac/news-releases/arcfra-releases-ake-1-6-to-enhance-production-kubernetes-operations-and-network-management-302801094.html

SOURCE Arcfra

Continue Reading

Technology

Daymond John and the RedPocket Mobiles Drop “Color Rush” Jersey — and Two Fans Get to Pitch the People’s Shark

Published

on

By

Giveaway opens June 16 in Ogden; grand-prize winners receive a signed jersey, a free year of wireless, and a one-on-one pitch session with Daymond John

OGDEN, Utah, June 16, 2026 /PRNewswire/ — RedPocket Mobile today announced the release of the RedPocket Mobiles’ new “Color Rush” red jerseys, designed in collaboration with Shark Tank entrepreneur and spokesperson Daymond John, alongside a fan giveaway that puts two winners in the room with the People’s Shark.

RedPocket sponsors the RedPocket Mobiles, which are RedPocket Mobile’s barnstorming Pioneer Baseball League team, a club with no home stadium that plays its entire season on the road. The team is powered by RedPocket Mobile, the independently owned wireless company that lets customers choose coverage across all three major U.S. 5G networks, so the Mobiles stay connected no matter where their team bus takes them.

The giveaway, which opens June 16, awards two grand-prize winners each: a Mobiles Color Rush jersey signed by Daymond John, an official team hat, a full year of RedPocket Mobile service on the network of their choice, a team merch bundle, and a 30-minute pitch session with Daymond himself.  On the call, Daymond will hear their business idea, push on it, and coach them on how to make it better.

“Getting to have a hand in designing the RedPocket Mobiles’ jerseys was something I couldn’t pass up with RedPocket. Every business starts with someone willing to take a chance and that’s why I’m looking for the fans who have a real idea to pitch to a Shark. I can’t wait to hear what these entrepreneurs bring to the table,” said Daymond John.

The giveaway runs through late June. Full entry details are available on the RedPocket Mobiles, RedPocket Mobile, and Daymond John Instagram channels.

About RedPocket Mobile RedPocket Mobile is an independently owned wireless company founded in 2006. RedPocket gives customers the choice of coverage across all three major U.S. 5G networks, with locked-in rates and no price increases. [Confirm/trim boilerplate to current approved standard to your comfortability, alex.salas@redpocket.com.

Entry via Instagram post on @redpocketmobile, @redpocketmobiles  and @TheSharkDaymond

Media contact: [Alex Salas / Alex.salas@redpocket.com / 5626-644-3864]

View original content:https://www.prnewswire.com/news-releases/daymond-john-and-the-redpocket-mobiles-drop-color-rush-jersey–and-two-fans-get-to-pitch-the-peoples-shark-302801034.html

SOURCE RedPocket Mobile

Continue Reading

Trending