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

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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

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Protiviti Congratulates Brand Ambassador Matt Fitzpatrick as Fitzpatrick Brothers Win Zurich Classic of New Orleans

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Alex Fitzpatrick Earns PGA TOUR Card

MENLO PARK, Calif., April 26, 2026 /PRNewswire/ — Protiviti Golf Brand Ambassador and professional golfer Matt Fitzpatrick continued his strong 2026 season with a victory at the Zurich Classic of New Orleans alongside his brother, Alex Fitzpatrick. The Fitzpatrick brothers delivered a composed and cohesive performance throughout the team-format event, completing rounds of 64-65-57-71 (-31). The win secured Alex Fitzpatrick his first PGA TOUR card, marking a significant milestone in his professional career.

This marks Matt Fitzpatrick’s third win of the season, most on the PGA Tour, the 14th professional win of his career, and fifth on the PGA Tour. Fitzpatrick is currently No.1 on the FedEx Cup ranking and No. 3 in the Official World Golf Ranking, the highest ranking of his career. 

To commemorate Fitzpatrick’s win, Protiviti donated 25,000 meals through its “Birdies for Meals” campaign. Since its launch in 2021, the Birdies for Meals program has already donated more than 825,000 meals to people in need. 

“Congratulations to Matt Fitzpatrick and Alex Fitzpatrick on an outstanding victory—an inspiring showcase of chemistry and consistency. We also applaud Alex on earning his PGA TOUR card, a significant step in his career,” said Joseph Tarantino, Protiviti’s president and CEO. “In celebration of this win, Protiviti will donate 25,000 meals through our Birdies for Meals campaign, extending the impact well beyond the course.”

As Matt Fitzpatrick’s Official Performance Data Partner, Protiviti collaborates closely with Matt and his coaching team to enhance performance through advanced analytics and technology. By leveraging Microsoft technologies, Protiviti has developed a custom analytics platform, tailored dashboards, and a mobile application that streamline data collection and deliver real-time, shot-level insights. These tools enable more informed, data-driven decision-making across practice and competition, helping identify trends, refine preparation, and improve consistency. Learn more at www.protiviti.com/golf-data.

“It has been an incredible opportunity to work with Matt and see Protiviti’s work play a role in his on-course success. Just as we do with many clients, our team has built a bespoke program leveraging emerging technologies, advanced analytics and artificial intelligence to provide Matt, his caddie, and coaches with analysis and insights that aid in his preparation and guide strategy for each event he plays,” said Nick Ciafardini, associate director, Innovation for Protiviti.

“This win is surreal for me, especially doing it alongside my brother. I’m incredibly proud of Alex earning his PGA TOUR card—it’s a huge milestone for him and one we’ll always share. I’m also so grateful for the unwavering support from my family, my team, and my partners at Protiviti, whose data-driven approach to performance has become a key part of my preparation and constant pursuit of improvement,” said Matt Fitzpatrick.

After taking control with a historic 15-under in the fourball third round, the Fitzpatrick brothers briefly dropped the lead in the final round. With the tournament on the line at the 18th, they delivered a clutch closing sequence to seal the victory. Matt’s precision tee-to-green and Alex’s timely putting proved decisive, highlighting their chemistry under pressure.

Other notable Fitzpatrick wins include the 2015 British Masters, 2016 Nordea Masters, the 2016, 2020, and 2025 DP World Tour Championships. On the PGA Tour, Fitzpatrick also won the 2022 U.S. Open, RBC Heritage (2023 & 2026) and the 2026 Valspar Championship. He has been a Protiviti brand ambassador since 2020.

For more information about Protiviti’s golf brand ambassador program, please visit www.protiviti.com/golf.

About Protiviti 
Protiviti (www.protiviti.com) is a global consulting firm that helps clients transform and protect their businesses, and respond to planned and unexpected events. Through a network of more than 90 offices in over 25 countries, Protiviti and its independent and locally owned member firms deliver deep expertise and tailored capabilities across technology, artificial intelligence, data, operations, finance, legal, compliance, HR, marketing, digital, risk, and internal audit – enabling organizations to accelerate innovation, navigate risks and safeguard what matters most.

Named to the Fortune 100 Best Companies to Work For® list since 2015, Protiviti Inc. has served more than 80 percent of Fortune 100 and nearly 80 percent of Fortune 500 companies. The firm also works with government agencies and smaller, growing companies, including those looking to go public. Protiviti Inc. is a wholly owned subsidiary of Robert Half (NYSE: RHI).

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SOURCE Protiviti

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Plug and Play partners with the Nigerian Institution of Marine Engineers and Naval Architects to elevate Nigeria’s maritime ecosystem

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SINGAPORE, April 27, 2026 /PRNewswire/ — Plug and Play, the world’s largest open innovation platform headquartered in Silicon Valley, announced a strategic partnership with the Nigerian Institution of Marine Engineers and Naval Architects (NIMENA) to accelerate the transformation of Nigeria’s maritime sector into a globally competitive innovation hub.

The partnership will connect Nigeria’s maritime ecosystem to global standards, networks, and capital by leveraging Plug and Play’s international corporate partnerships, accelerator expertise, and cross-border innovation infrastructure.

At its core, the collaboration will launch a dedicated maritime & energy innovation platform focused on advancing engineering-led technologies across maritime, energy, supply chain, and logistics sectors. The initiative will involve the development of a startup pipeline between Nigeria and Singapore, widely regarded as one of the world’s most advanced maritime & energy innovation ecosystems serving as a neutral and trusted testbed for technology validation. 

Through this program, selected startups will receive:

Access to cutting-edge technologies and global industry insightsStructured mentorship from international maritime & energy innovation leadersPilot and proof-of-concept opportunities in a globally benchmarked ecosystemCommercialization pathways into the Nigerian marketBusiness development and investor-readiness supportOpportunities for cross-border partnerships and market expansion

By ensuring that solutions being scaled into Nigeria have been validated in overseas markets the program minimizes adoption risks while accelerating technology transfer and investment flows into the Nigerian maritime & energy sector.

“Engineering-driven innovation is critical to solving some of the world’s most complex challenges—from sustainable shipping to the decarbonization of marine operations,” said Jupe Tan, Managing Partner, APAC, Plug and Play. “By partnering with NIMENA, we are creating a trusted bridge between global innovation ecosystems and Nigeria’s maritime & energy sector, unlocking pathways for international collaboration and long-term competitiveness.”

“This partnership marks a transformative step for Nigeria’s energy and maritime innovation ecosystem,” said Dr. Eferebo Sylvanus, National Chairman, NIMENA. “By aligning with global standards and connecting our local talent to international platforms, we are creating new opportunities for Nigerian innovators to scale their solutions beyond borders while strengthening our national capabilities.”

Addressing Critical Ecosystem Gaps

1. Strengthening Ecosystem Alignment

To address fragmentation across government, academia, and industry stakeholders, Plug and Play has conducted a comprehensive ecosystem assessment. This data-driven evaluation examines capital access, talent pipelines, infrastructure readiness, and regulatory frameworks—culminating in a Strategic Ambition and Vertical Map for Nigeria’s maritime sector.

2. Creating a Stronger Investment Pipeline

While sector-specific funding opportunities exist, structured validation and vetting mechanisms remain limited. Under this partnership, Plug and Play will curate high-potential stage agnostic startups directing capital toward scalable, innovation-driven ventures with strong technical and commercial viability.

3. Enabling Global Market Access

The partnership will provide stage-agnostic startups with exposure to large corporations, regulators, and investors. Successful technologies will transition into exploring scaling opportunities in Nigeria for commercialization, positioning Nigeria as a high-growth destination for innovation across Africa.

A Bridge Between Global Trust and Local Scale

More than an accelerator program, the Plug and Play–NIMENA partnership is designed as a long-term platform for trust-building, knowledge transfer, and ecosystem anchoring.

Singapore will serve as the gateway for technology validation and international credibility, while Nigeria will serve as the destination for scaling, commercialization, and impact. This dual-ecosystem model ensures that cutting-edge solutions are introduced with global benchmarks while enabling sustainable, locally anchored growth.

As international startups expand into Nigeria, they will establish local operations, drive knowledge transfer, build intellectual property, and create high-value employment opportunities. Over time, this approach will not only attract foreign innovators but also catalyze the rise of homegrown Nigerian startups capable of contributing solutions to the global maritime industry.

By combining NIMENA’s technical leadership with Plug and Play’s global innovation infrastructure, the partnership represents a decisive step toward positioning Nigeria as an innovation hub for Africa, and a leader for maritime, energy, and adjacent industries for the region, ultimately strengthening competitiveness, accelerating entrepreneurship and advancement of technologies in their market, and aligning the national ecosystem with global best practices.

For partnership and participation inquiries:

Industry stakeholders interested in partnering are invited to connect with the team. We are actively seeking corporate and institutional partners to collaborate on pilot projects, proof-of-concept initiatives, and ecosystem development efforts. Global startups developing solutions across maritime, energy, logistics, supply chain, and related sectors are also encouraged to reach out to be considered for participation in the program.

For more information, please contact  nimena-program@pnptc.com

About the partners:

About Plug and Play

Plug and Play is the leading global innovation platform connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, Plug and Play operates in more than 60 locations across five continents, helping corporate partners and founders in every stage of the innovation journey — from education to execution. Plug and Play runs startup acceleration programs, corporate innovation services, and an in-house venture capital platform that has invested in hundreds of successful companies, including Dropbox, PayPal, Honey, LendingClub, N26, and Rappi. For more information, visit https://www.plugandplayapac.com/

About the Nigerian Institution of Marine Engineers and Naval Architects (NIMENA)

The Nigerian Institution of Marine Engineers and Naval Architects (NIMENA) is a professional body consisting of Naval Architects, Marine Engineers, and allied professions. NIMENA is dedicated to strengthening professional standards, fostering technological innovation, promoting capacity, and sustainable development in Nigeria’s maritime sector. The institution provides thought leadership, professional development opportunities, technical workshops, and industry events to support maritime engineering excellence and capacity building. For more information, visit https://nimena.org.ng/home.html

View original content:https://www.prnewswire.com/apac/news-releases/plug-and-play-partners-with-the-nigerian-institution-of-marine-engineers-and-naval-architects-to-elevate-nigerias-maritime-ecosystem-302753673.html

SOURCE Plug and Play

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TPIsoftware Wins “Taiwan SMART 50 Award” for Its FHIR-Based Medical AI Application

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TAIPEI, April 26, 2026 /PRNewswire/ — TPIsoftware (TPEx: 7781) was honored with the first Taiwan SMART 50 Award for creating a FHIR-based Medical AI Application.

Organized by the Ministry of Health and Welfare, the award encourages the development of smart health apps that align with the SMART on FHIR standard to enable secure and real-time data sharing across different hospitals. 50 apps were selected from 115 submissions through an open call. These apps will be listed on the Taiwan Health App Space (THAS) as part of the country’s initiative to foster data interoperability in healthcare.

TPIsoftware’s submission of an AI-powered procedural coding tool, which is a module of its healthcare solution digiCare, has been proven to be practically effective and compliant with SMART on FHIR.

The procedural coding app uses Natural Language Processing (NLP) to identify whether a contrast agent is applied or specify anatomical sites in a radiology report. The tool generates suggested codes once clinical details are recognized, which medical professionals can then review and manually revise. The automated workflow improves coding accuracy, reduces denied claims and ensures compliance with ICD-10-PCS and DICOM. The data entry process is streamlined since the tool is compatible with existing systems such as EHR and HIS, freeing up staff to handle complex patient concerns and care journeys.

“Being named one of the SMART 50 Apps demonstrates our R&D capacity in supporting healthcare transformation. The standardized framework enables hospitals and medical centers to provide informed, high-quality care with greater consistency, security and plug-and-play simplicity,” said Pierre Hsia, Executive Vice President of Enterprise Application Development Division at TPIsoftware.

TPIsoftware General Manager Yilan Yeh attributed the accolade to the company’s domain expertise and years of experience in highly-regulated industries. “Partnerships among industry leaders, academic institutions, healthcare providers and government agencies are nurtured to support patient-centered care, clinical decisions and treatment. Following the model of the US All of Us Research Program, we are committed to building Taiwan’s national database aligned with the TW Core Implementation Guide (IG) and FHIR standard, where data are made accessible within an open, standardized ecosystem.”

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/tpisoftware-wins-taiwan-smart-50-award-for-its-fhir-based-medical-ai-application-302751606.html

SOURCE TPIsoftware

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