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IDA, a Hong Kong-based Fiat-referenced Stablecoin Issuer, Raised USD6 Million Seed Round Led by CMCC Global and Hashed

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HONG KONG, Sept. 2, 2024 /PRNewswire/ — IDA, a premier Hong Kong-based digital asset company, has raised USD6 million in a seed funding round led by prominent blockchain investors CMCC Global, under its Titan Fund, and Hashed. This capital injection will enable IDA to advance the development and launch of its first fiat-referenced stablecoin, HKDA, which is designed to be regulated in Hong Kong.

Additional participants in this round also include Hack VC, Anagram, GSR, Protagonist, Brinc, Chorus One, Kenetic, SNZ, and Yolo Investments as well as notable angel investors, such as Raj Gokal, Co-founder of Solana.  Aside from providing funding, leading blockchain foundations of Solana, Polygon, Aptos, and Mantra are also IDA’s strategic blockchain partners to foster HKDA’s interoperability, accessibility, resilience, and liquidity.

“With the current total stablecoins market cap around USD170 billion, we expect stablecoins to grow over USD3 trillion in the next 5 years.  This exponential growth will underscore the increasing significance of stablecoins in the broader digital currency landscapes.  Thus, IDA’s mission is to facilitate more effective and efficient cross-border trades through the blockchain for everyone,” said Lawrence Chu, Co-founder and CEO of IDA.

Sean Lee, Co-founder and CSO of IDA added, “the first goal of IDA is to enable mass adoption and empower businesses to seamlessly integrate between Web2 and Web3. To achieve this, IDA has begun active engagements with the Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB), as well as domestic partners in the ecosystem, to issue regulated stablecoins in Hong Kong. HKDA, our first fiat-referenced stablecoin built on public blockchains, will shortly be heading onto testnet. We intend for our mainnet launch before the end of this year and achieve regulatory clarity in early 2025.”

CMCC Global, one of Asia’s first VC funds focused purely on blockchain and cryptocurrency, is thrilled to lead this funding round and partner with IDA to push the boundaries in Web3 space. “As a Hong Kong-based company, we are excited to support innovative Web3 companies like IDA that are leveraging blockchain finance and stablecoins to create solutions addressing real-world challenges,” said Martin Baumann, Co-founder and Managing Partner of CMCC Global.

Hashed, a global early-stage venture fund focused on backing founders who are pioneering the future of blockchain and cryptocurrency, also shares the same vision as IDA. “We anticipate wider mainstream adoption of stablecoins in real-world trades and settlements. With Hong Kong’s position as Asia’s financial hub and its recent push for a stablecoin legislative framework, we expect IDA to spearhead the coming changes. Their unique blend of expertise in traditional finance and blockchain technology positions them perfectly to bridge conventional and digital financial systems, potentially reshaping finance across Asia and beyond,” said Ryan Kim, Founding Partner at Hashed.

Starting initially in Hong Kong, IDA will leverage the forefront of fintech and Web3 to reach other countries whose currency is also pegged to the USD. Over time, IDA aims to share their innovations and grow their business to other nations along the Belt and Road and Global South initiatives.  More exciting partnerships will be announced to unlock a more inclusive and connected global marketplace.

Note: The current total stablecoins market cap is based on the data provided by defillama.com at 18:00 HKT on 2024-08-26.

About IDA Finance Hong Kong Limited (IDA)

IDA is the premier digital asset technology company to spearhead the widespread adoption of blockchain finance and to empower businesses to seamlessly integrate between Web2 and Web3.   

HKDA, a fiat-referenced stablecoin built on public blockchain protocols, will be the first product launched by IDA.  HKDA is designed to drive enhanced digital connectivity for seamless commerce and payments between Hong Kong and global markets, 24/7/365.  To maintain the highest level of security and stability, all circulating HKDA will always be fully backed by at least 100% reserve assets in regulated Hong Kong based authorized institutions.   

To maximize the network effect of HKDA for domestic and cross-border usage, IDA is partnering with key industry players to facilitate the minting, redemption and widespread acceptance of HKDA as a payment and settlement digital currency.   In subsequent phases, IDA will also launch key products denominated in other US Dollar (USD) pegged currencies with ecosystem partners across regulated financial institutions and Web3 platforms. 

More information can be found at www.idafi.xyz / LinkedIn / X 

About CMCC Global & Titan Fund

CMCC Global is one of Asia’s first venture capital companies focused solely on blockchain and Web3 investments. CMCC Global has an enviable record of investing early in leading projects such as Ethereum (ETH) at USD7, Solana (SOL) at USD0.20 and Cosmos (ATOM) at USD0.10. CMCC Global has reached assets under management (AUM) of over USD500 million across its funds and is known as a high-conviction investor. Today the company has offices in Asia, North America and Europe and operates several funds with different strategies including the CMCC Global Digital Asset Fund, the Titan Fund and its two funds of quantitative trading hedge funds Crest and SYZCrest.

More information can be found at www.cmcc.vc

Titan Fund offers accredited investors exposure to attractive growth opportunities within the blockchain ecosystem through a traditional equity venture capital investment strategy focusing on seed to series A/B along the key investment verticals of Infrastructure, Fintech and Consumer Applications.  The Titan Fund is CMCC Global’s latest fund strategy and complements its Digital Asset Funds, which have been investing directly into protocols and digital assets since 2016, and its Crest family of funds that invests into crypto and quant funds.

More information can be found at www.titan.fund 

About Hashed

Founded by a team of serial entrepreneurs and engineers in 2017, Hashed is the preeminent blockchain firm in Asia with a portfolio that spans the globe. We started Hashed because we saw an opportunity for blockchain to not only reinvent the global financial system, but the very fabric of the internet itself. This is one of the most consequential moments in human history — an opportunity to overlay the power of digital networks onto human ones, and to usher in a future where technology empowers individuals, and not the other way around.

More information can be found at www.hashed.com

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/ida-a-hong-kong-based-fiat-referenced-stablecoin-issuer-raised-usd6-million-seed-round-led-by-cmcc-global-and-hashed-302235610.html

SOURCE IDA

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Capline Healthcare Management Expands RCM Support To 1,300+ Practices, Citing Rising Demand From Health Providers

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The Houston-based company, founded in 2016 and BBB A+ accredited, says health providers are increasingly turning to third-parties to keep their revenue cycle running.

HOUSTON, April 20, 2026 /PRNewswire/ — Capline Healthcare Management has crossed a significant operational threshold, supporting more than 1,300 independent medical practices across the United States. The Houston-based revenue cycle management firm says the growth is not incidental. It reflects a measurable and accelerating shift in how independent providers are choosing to manage their RCM operations amid rising payer complexity and shrinking administrative capacity.

Independent medical practices are under increasing pressure due to complex payer requirements, workforce shortages, reimbursement challenges, and growing administrative demands.

According to the American Medical Association, the number of physicians in private practice dropped from 60.1% in 2012 to 42.2% in 2024. Meanwhile, denial rates across commercial payers have climbed steadily, with some studies pointing to denial volumes increasing by as much as 20% over five years. This highlights how difficult it has become for many practices to maintain both quality care and financial stability.

According to Capline, these growing pressures are why many practices are turning to outside partners. They’re looking for experts who can bring order and consistency to their revenue cycle. Capline supports healthcare providers across the board, from billing and coding to eligibility checks, provider credentialing, follow-ups, and denial handling.

“Independent practices need more than basic billing help,” said Abhinav Rastogi, Founder, Capline Healthcare Management. “They need a revenue cycle partner that understands the details, works with discipline, and helps protect the financial health of the practice. Reaching 1,300+ supported practices is an important milestone for us because it reflects the trust providers place in our team and in the way we work.”

Unlike generalist billing vendors, Capline said its model focuses on practical execution across the full revenue cycle. That includes front-end work such as eligibility checks and credentialing, as well as back-end support such as claim follow-up, denial review, and accounts receivable management. Practices working with Capline gain a single operational partner rather than patching together multiple vendors. The goal is to help practices reduce delays, improve collections, and gain a clearer view of financial performance.

Our role is to help practices build a stronger financial foundation and that requires more than billing experience. It takes process discipline and a clear understanding of how every stage of the revenue cycle connects to the health of the whole organization,” said Sumeet Patney, Director at Capline Healthcare Management.

Looking ahead, he noted that Capline plans to expand its proprietary AI-driven analytics capabilities and invest further in its specialized billing and coding teams, building the infrastructure needed to accelerate growth well into 2027 and beyond.

About Capline Healthcare Management

Capline Healthcare Management is a Houston-based healthcare management company founded in 2016. Capline has an A+ rating on the Better Business Bureau and has HIPAA-compliant practices to ensure confidentiality and the privacy of sensitive healthcare data.

The company offers end-to-end RCM support and other back-office support services to healthcare practices in the United States. Its services include medical billing, coding, denial management, accounts receivable follow-up, eligibility verification, and provider credentialing. Capline specializes in assisting healthcare organizations to enhance financial performance, reduce administrative workload, and streamline practice operations for healthcare providers.

Across its supported healthcare practices, Capline reports an average first-pass claim acceptance rate of 96% and a denial resolution turnaround of 3 business days.

Practices that have transitioned to Capline’s full-cycle model report measurable reductions in AR aging and double-digit percentage gains in net collections, with several multi-physician groups seeing those results within the first two quarters of engagement.

“A multi-specialty practice working with Capline reported a reduction in claim denials of over 25% and an 18% improvement in collections turnaround time within six months.”

To learn more about Capline’s revenue cycle services, visit https://caplinehealthcaremanagement.com/.

View original content to download multimedia:https://www.prnewswire.com/news-releases/capline-healthcare-management-expands-rcm-support-to-1-300-practices-citing-rising-demand-from-health-providers-302746340.html

SOURCE Capline Services

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Liene Launches Mother’s Day Campaign Celebrating the Individuality of Moms with PixCut S1 Smart Printer

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Celebrating Every Mother’s True Self Beyond the Role of a Mom

LOS ANGELES, April 20, 2026 /PRNewswire/ — MOM is a title she earned, but it’s not the only story she owns. When a woman becomes a mom, some of her traits grow stronger, while others may be temporarily set aside. This Mother’s Day, Liene, a global leader in innovative smart printing solutions, today launches a campaign titled “Stick What Makes Her, HER”, celebrating the full and more authentic person behind every mom.

During this campaign, Liene teamed up with four real families to create heartfelt surprises for their moms. Each family used Liene’s PixCut S1 Smart Printer, the world’s first all-in-one photo printing and cutting machine for home use, to create custom stickers that honor a mother’s unique traits, passions, and hidden stories that make every mom an individual. Instead of praising “perfect mom”, Liene encourages people to see “the complete her”.

 

“Moms are often reduced to their role as caregivers, overshadowing the passions and personalities they carried before and continue to have alongside motherhood,” said Kim, Marketing Director of Liene, “With the PixCut S1, we want to give people a simple, joyful tool to say: ‘We love you not only for what you’ve done for us, but for exactly who you are.'”

PixCut: Stick What Makes Her, HER

Creating a heartfelt gift for mom is more achievable than you realize. With the PixCut S1, you can upload a cherished photo, a symbol of her favorite hobby, or a family moment that captures her essence. In just moments, the Liene app connects seamlessly to the printer, producing your design in vibrant, high-resolution 300 dpi. The process is smooth and effortless. If the design doesn’t quite look right in the preview, you can easily adjust it before printing to ensure it perfectly captures what makes your mom unique.

The PixCut S1 does more than just print. It combines AI-powered precision cutting into one machine, ensuring that each design is refined to perfection and delivers clean, detailed results with minimal waste, making the process as smooth and thoughtful as the gift itself. Additionally, the PixCut S1 uses thermal dye-sublimation technology to make every sticker waterproof, fade-resistant, and scratch-resistant, preserving the memories you create for years to come. Every creation becomes more than just a gift; it’s a lasting tribute to the mom you admire, celebrating her uniqueness and the love she shares.

Jenna, a daughter from one of the four families, is creating a personalized 3D photo book using the PixCut S1 to print stickers of her mother’s favorite video game character. “My mom loves video games,” Jenna said. “This year for Mother’s Day, I wanted to show my mom how cool her video game character is. Something so uniquely ‘my mom.'”

How to participate

In-Person Event: On Mother’s Day (May 10), Liene will host a pop-up activation at the Melrose Trading Post in Los Angeles from 10 AM to 5 PM. Visitors can print custom stickers for free, featuring their mom’s favorite things, to personalize any gift they bring. An artist KOL will also be on-site to offer crafting guidance.Online Participation: From April 25 to May 9, families are encouraged to record their mom’s reaction when she receives the sticker-decorated gift. Share the video on social media with #StickWhatMakesHerHer #PixCutS1, and tag @lienephotoprinter (on Instagram, YouTube, and TikTok) or @LienePhoto (on Facebook). Participants will have a chance to win a free Liene Pearl N200 Pro Portable Photo Printer, plus a special mystery gift.

Mother’s Day Discount

To celebrate Mother’s Day, Liene is offering Top 35% off on any product from May 4 to 10. Just click here to go to Liene’s official Amazon store and order the best gift!

Media contacts
Liene
liene.service@liene-life.com 

Media Resources
https://youtu.be/I5-lXN5H3PU

About Liene

Established in 2017, Liene was born from a deep belief in the enduring power of printed memories. Our journey is fueled by the desire to empower you to capture and preserve life’s most beautiful moments through our innovative photo printers.Liene photo printers are renowned for their exceptional print quality, whether it’s color reproduction, clarity, or detail. Designed with user convenience in mind, our printers offer smart connectivity features that make printing photos directly from a variety of devices quick and easy. Join us as we weave your digital memories into tangible treasures that you can touch, share, and hold close to your heart.

View original content to download multimedia:https://www.prnewswire.com/news-releases/liene-launches-mothers-day-campaign-celebrating-the-individuality-of-moms-with-pixcut-s1-smart-printer-302747313.html

SOURCE Liene

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In HelloNation, Property Management Expert Jennifer Oliver Highlights When to Hire a Property Manager

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The article examines how growing demands in rental ownership can signal the need for more structured support and improved efficiency.

DETROIT, April 20, 2026 /PRNewswire/ — When should rental owners recognize that managing their properties alone is no longer sustainable? The answer is explored in a HelloNation article featuring Jennifer Oliver of Elite Real Estate Professionals that outlines how increasing demands can signal the need for property management and more consistent systems.

 

The HelloNation article explains that many property owners in Detroit, MI, begin their real estate investment journey with a hands-on approach. Early stages of rental property management often feel manageable, with owners handling leasing, property maintenance, and tenant communication directly. Over time, however, these responsibilities tend to grow and become more complex.

A key early indicator discussed is time pressure. The article notes that when daily property management tasks begin to interfere with schedules, it can lead to missed communications and slower responses. These small disruptions may affect tenant satisfaction and signal that support is needed.

Property maintenance is another area where strain often becomes clear. Coordinating repairs, managing vendors, and ensuring quality outcomes requires consistent attention. The article describes how inconsistent property maintenance can frustrate tenants, which may increase tenant turnover and create additional operational challenges.

Vacancy trends also provide valuable insight into performance. The article explains that extended vacancy periods may indicate issues with pricing, marketing, or tenant screening. Structured rental property management systems can help reduce vacancy by improving how quickly units are filled and how effectively listings reach qualified tenants.

Financial organization is equally important. The article emphasizes that accurate rent tracking and expense monitoring are essential to evaluating a real estate investment. When rent tracking becomes inconsistent or unclear, it limits an owner’s ability to make informed decisions about property performance and future planning.

The HelloNation article further explains that as workloads increase, owners often shift away from long term planning. Instead of focusing on improvements or expansion, time is spent addressing daily concerns. This shift can slow the growth of a real estate investment and reduce overall efficiency in rental property management.

Tenant relationships are also impacted by inconsistent processes. The article notes that without clear systems for screening, leasing, and communication, small issues can escalate. This can contribute to higher tenant turnover, affecting both stability and income for the property.

Local conditions in Detroit add another layer of responsibility. Regulations, inspections, and neighborhood trends require ongoing attention. The article highlights that keeping up with these factors while managing property maintenance and rent tracking can become difficult without structured property management support.

Growth further increases complexity. Managing multiple units requires coordination across maintenance, communication, and financial tracking. The article explains that rental property management becomes more system driven as portfolios expand, making professional support more valuable in reducing vacancy and maintaining consistency.

The article concludes that recognizing when demands outweigh the benefits of self management is an important step. When time constraints, rising tenant turnover, and inconsistent rent tracking begin to impact results, property management can help improve both efficiency and long term outcomes.

How Do Detroit Rental Owners Know It’s Time to Hire a Property Manager? features insights from Jennifer Oliver, Property Management Expert of Detroit, MI, in HelloNation.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused digital publications and innovative “edvertising” approach, HelloNation delivers expert-driven, good-news content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities. HelloNation maintains partnerships with the National Governors Association, the U.S. Conference of Mayors, and the United States First Responders Association.

View original content to download multimedia:https://www.prnewswire.com/news-releases/in-hellonation-property-management-expert-jennifer-oliver-highlights-when-to-hire-a-property-manager-302747323.html

SOURCE HelloNation

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