Connect with us

Technology

FinChain and KuCoin Enter into Partnership

Published

on

FUSD Integrated as Collateral Asset into KuCoin RWA Collateral Mirroring Solution (RCMS), Unlocking the Application Value of Yield‑Bearing RWA Digital Assets in Offshore Trading and Capital Efficiency Management

HONG KONG, Aug. 31, 2026 /PRNewswire/ — FinChain announces a partnership with global digital‑asset platform KuCoin. Technical integration has been completed for custodianship and collateral‑value mirroring of FUSD. The yield‑bearing FUSD is now onboarded into KuCoin’s RWA Collateral Mirroring Solution (RCMS). Subject to platform rules, user eligibility and applicable laws and regulations, qualified offshore institutional users may have the collateral value of FUSD mirrored onto their relevant KuCoin trading accounts while FUSD remains held within designated custodian frameworks, supporting strategy execution and position management via mirrored trading.

This partnership extends FUSD’s use cases from asset holding and allocation to trading‑collateral scenarios. Its core value lies in connecting the underlying asset backing of FUSD with the platform’s collateral‑management capabilities. Without requiring the prior disposal of FUSD, eligible users may leverage its collateral value per platform mechanisms. RCMS links the custodial arrangements for RWA assets with KuCoin’s collateral management, risk‑control and trade‑execution capabilities. To the extent permitted under platform rules, FUSD retains its yield‑bearing properties, enabling more flexible capital arrangements balancing asset returns and trading liquidity.

FUSD as a Key Collateral Asset for RCMS

RCMS is an off‑exchange collateral‑infrastructure solution built for institutional clients. Its core function is to mirror the collateral value of eligible RWA assets held within designated custodian systems onto qualified trading accounts. Under this partnership, FUSD is not an ancillary settlement option but a significant asset combining yield‑bearing attributes and collateral utility. Through custodianship and mirroring mechanisms, FUSD’s collateral value is incorporated into the platform’s risk‑management and position‑management workflows to serve real‑world strategic‑trading scenarios.

Asset Backing and Yield‑Bearing Attributes: FUSD is backed by high‑quality real‑world assets including money‑market funds and high‑credit‑rating government bonds, with well‑defined asset underpinnings and revenue streams.Collateral Usability: FUSD remains within designated custodian frameworks. Its assessed eligible collateral value may be mirrored to relevant trading accounts pursuant to RCMS mechanisms to deliver available collateral value for qualified strategy execution and position management.Capital Efficiency: To the extent permitted by platform rules, the same unit of FUSD can simultaneously deliver yield‑generation and collateral utility, helping reconcile demands for asset returns and trading liquidity and enhancing institutional capital‑utilization flexibility.

Chen Zhao, CEO of FinChain, said:

“We focus not merely on whether FUSD can be held, but whether it can be utilized within real‑world trading infrastructure. Acting as collateral within RCMS enables FUSD to convert its underlying asset backing into usable collateral value while preserving yield‑bearing performance. This facilitates more agile capital management for institutions across asset allocation, liquidity and strategy execution. Our collaboration with KuCoin marks a pivotal step for FUSD moving from asset issuance toward scenario‑based application.”

Partnership Primarily Targets Offshore Scenarios

Product onboarding and business roll‑out under this partnership are principally oriented toward offshore markets and qualified users permitted under applicable laws and regulations. www.kucoin.com is not a virtual‑asset trading platform licensed by the Securities and Futures Commission of Hong Kong. This partnership does not involve www.kucoin.com offering platform‑related trading services to the Hong‑Kong public. Product availability, user eligibility and scope of support across jurisdictions shall be determined by KuCoin in accordance with local regulations and platform policies.

Tika LUM, Head of Global Business Development – VIP & Institutional Business of KuCoin, said:

“For tokenized assets to become an integral component of market infrastructure, issuance and holding alone are insufficient; they must be securely callable within prudent risk frameworks. By admitting FUSD into its roster of RCMS‑eligible assets, KuCoin further connects RWA custodianship, collateral management, liquidity and trade execution, empowering institutions to deploy capital more efficiently while preserving their asset‑holding arrangements. Grounded in trust, security and compliance, we will continue collaborating with partners to build institutional‑grade infrastructure bridging traditional‑financial assets and digital‑asset markets.”

From Asset Holding to Scenario‑Driven Utilization

Compared with mere subscription and holding of RWA products, incorporating FUSD into the RCMS collateral system transforms it further into a collateral asset callable by trading infrastructure. This arrangement interlinks underlying‑asset backing, tokenization technology, custodian interfacing, collateral administration and strategic trading, deepening FUSD’s application footprint within the offshore digital‑asset ecosystem. Moving forward, both parties will continue advancing cooperation covering collateral valuation, custodian integration, risk‑parameter calibration and offshore‑market expansion.

About FinChain

FinChain is a Web3 brand incubated by Fosun Wealth Holdings. It positions itself as a global physical‑financial blockchain network and financial‑infrastructure platform supporting real‑world‑asset on‑chain circulation. Centering on on‑chain identity, RWA technology, asset issuance and on‑chain‑liquidity management, FinChain connects traditional‑financial assets with digital‑asset‑use cases and keeps expanding institutional adoption and ecosystem partnerships for FUSD. For more information: www.finchain.global

About KuCoin

Founded in 2017, KuCoin is a leading global crypto platform built on trust and security, serving over 45 million users across 200+ countries and regions. Known for its reliability and user-first approach, the platform combines advanced technology, deep liquidity, and strong security safeguards to deliver a seamless trading experience. KuCoin provides access to 1,500+ digital assets through a broad product suite and remains committed to building transparent, compliant, and user-centric digital asset infrastructure for the future of finance, backed by SOC 2 Type II, ISO/IEC 27001:2022, ISO/IEC 27701:2019, ISO 22301:2019 and ISO/IEC 42001:2023 certifications. In recent years, we have built a strong global compliance foundation, marked by key milestones including AUSTRAC registration in Australia, a MiCA license in Europe, and regulatory progress in other markets.

Learn more at: www.kucoin.com.

Important Notice

Availability of the cooperation and related products or services described herein is subject to applicable laws and regulations, platform rules and user eligibility. RCMS and the use of FUSD as collateral entail market, liquidity, technical, counterparty and settlement risks. The specific yield mechanism and return performance of FUSD are subject to applicable product terms and the actual performance of underlying assets. Its designation as collateral does not constitute principal‑ or‑return guarantees and does not rule out margin‑call, position‑cut or liquidation risks. This release does not constitute investment advice, an offer or solicitation. www.kucoin.com is not a virtual‑asset‑trading platform licensed by the Securities and Futures Commission of Hong Kong, and this cooperation targets primarily offshore scenarios; no KuCoin digital‑asset‑trading‑platform‑related services are offered to the Hong‑Kong public.

View original content:https://www.prnewswire.com/apac/news-releases/finchain-and-kucoin-enter-into-partnership-302864812.html

SOURCE Finchain Holdings (Cayman) Limited

Continue Reading

Technology

State Grid Changzhou Power Supply Company Commissions the City’s First Whole-Village Photovoltaic Project

Published

on

By

CHANGZHOU, China, Nov. 9, 2026 /PRNewswire/ — On November 5, Changzhou’s first whole-village photovoltaic (PV) project was officially commissioned in Heshu Village, Lijia Town, Wujin District. Rooftops of 40 households and the village’s corridors accommodate a total of 1.08 MW of PV capacity, yet from a distance, almost no trace of the installation can be seen.

This “invisibility” is by design. Heshu Village’s rural houses were delivered under unified planning and construction in November 2022. The village is a pilot for Jiangsu Province’s homestead system reform and a national demonstration village for rural governance. Its neat eaves and ample rooftop area provided favorable conditions for whole-village PV development, while also imposing higher requirements on construction.

For the two housing types of 140 square meters and 90 square meters, the contractor designed customized layouts of 36 and 25 modules respectively, with PV panels laid along the roof slope. In conventional practice, the gap between PV panels and tiles is about 20 centimeters; in Heshu Village, it was reduced to 12 centimeters. Down-conductors are routed neatly along walls, so the rooftops look flat from afar and the layout appears orderly up close, without disrupting the original contours of the houses.

“From a distance, it looks like village scenery; only up close can you tell it is a PV power station,” said Zhang Xiongwei, project contact person at State Grid Changzhou Power Supply Company. He explained that, in line with Heshu Village’s Jiangnan water-town character of white walls and dark tiles, the project follows the original roof contours and uses black, low-reflection PV modules so that the PV equipment blends into the rooftops. Power supporting equipment is painted or decorated with colored drawings to fit the surrounding village landscape and merge into the village’s appearance.

According to estimates, the whole-village PV project generates about 1.18 million kWh of electricity annually, equivalent to the annual electricity consumption of 360 ordinary households, and can reduce carbon dioxide emissions by about 700 tons per year. With green benefits secured, the question is how to divide the economic returns. Heshu Village adopted a model of “government promotion, grid support, state-owned enterprise demonstration, village committee organization, and resident benefits”: the state-owned platform Wujin Digital Energy is responsible for investment, construction, and operation and maintenance, and pays rent to residents and the village committee; the village committee convenes general meetings of property owners to promptly respond to residents’ concerns and organize contract signing; and Changzhou Power Supply Company is responsible for technical guidance and the connection of supporting power facilities.

Residents only need to provide their rooftops and can receive a cumulative rooftop rental income of about 33,000 yuan over 20 years. In addition to a three-year roof waterproofing insurance, State Grid Changzhou Power Supply Company has also introduced Yingda Insurance to provide a seven-year extended warranty service. The village collective receives rent for the PV corridors, as well as incentives that give back to rural development, such as village street lighting, Party-building publicity sites, and convenient service venues. The investor earns returns through power generation, with an investment payback period of about 11 years. The project adopts a connection scheme of “800 V low-voltage collection and 10 kV medium-voltage grid connection,” significantly improving power quality and supply reliability and markedly enhancing the project’s ability to interact with the power grid.

The 2026 No. 1 Central Document proposed “advancing the construction of livable, workable, and beautiful villages in accordance with local conditions,” and the National Energy Administration requires “guiding the scientific layout and orderly development of rural distributed PV according to grid carrying capacity.” Heshu Village’s exploration is precisely the implementation of this guidance at the village level. In the future, Changzhou will also explore promoting the simultaneous design and integrated construction of rural self-renewal housing and PV, so that such village landscapes can take root in more rural areas.

View original content:https://www.prnewswire.com/apac/news-releases/state-grid-changzhou-power-supply-company-commissions-the-citys-first-whole-village-photovoltaic-project-302933146.html

SOURCE State Grid Changzhou Power Supply Company

Continue Reading

Technology

UAE becomes first country outside Europe to implement eATA Carnet system

Published

on

By

DUBAI, UAE, Nov. 9, 2026 /PRNewswire/ — The UAE commenced its rollout of the eATA Carnet system on 9 November 2026, becoming the first country outside Europe to adopt the innovative digital solution. The initiative is being implemented through collaboration between Dubai Chambers, the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), and Dubai Customs.

The system enables ATA Carnets to be issued and processed electronically, replacing paper-based procedures with digital declarations, QR codes, and transaction records. It is designed to accelerate customs clearance, improve transparency, and facilitate international trade and events.

Dubai Chamber of Commerce, one of the three chambers under the umbrella of Dubai Chambers, has served as the UAE’s National Guaranteeing and Issuing Association for ATA Carnets since 2011. The chamber played a key role in preparing for the implementation, working closely with national customs authorities and the International Chamber of Commerce (ICC) on technical consultations, training, and pre-launch testing.

Dubai Chambers is one of only 13 of the ICC’s 1,200 member chambers worldwide to implement the eATA Carnet system.

ATA Carnets allow eligible goods to enter participating countries temporarily without payment of customs duties or taxes, provided they are subsequently re-exported. Valid for up to one year, they simplify customs requirements for exhibitions, commercial samples, and professional equipment, reducing paperwork and the need for separate customs guarantees.

Between the UAE’s adoption of the ATA Carnet system in 2011 and the end of 2025, 63,591 carnets were issued and received, covering goods worth AED 54.4 billion. In 2025 alone, Dubai Chamber of Commerce issued and received 5,960 carnets covering goods valued at AED 5.6 billion, up 11.2% in number and 30% in value year-on-year.

The UAE’s transition follows the June 2026 rollout across 30 European countries. Full global digitalisation of the ATA Carnet system is expected by 1 January 2028.

About Dubai Chambers

Dubai Chambers is a non-profit public entity that supports Dubai’s vision as a global business hub by empowering businesses, providing innovative value-added services, and unlocking access to influential networks.

For more information, please contact:

Mohamad Mouzehem
mohamad.mouzehem@dubaichamber.com

 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/uae-becomes-first-country-outside-europe-to-implement-eata-carnet-system-302933147.html

Continue Reading

Technology

Agilix Labs Awarded AWS Education Equity Initiative Grant for Finder Program in Sierra Leone

Published

on

By

FREETOWN, Sierra Leone, Nov. 9, 2026 /PRNewswire/ — Agilix Labs has been awarded a grant to use AI and cloud technology from Amazon Web Services, Inc. (AWS) through the AWS Education Equity Initiative to support the Finder Program in Sierra Leone. The program is run by the Future Learning Institute (FLI), which Agilix Labs established in 2025 under an agreement with the country’s Ministry of Technical and Higher Education. On Nov. 10, FLI formally launches the program and opens its second Community Learning Center at Freetown Polytechnic.

A Finder is a young person the community brings its questions to. The Finder uses AI with local judgment, checks the work and brings back something a trader, a farmer or a teacher can use.

The program is for young Sierra Leoneans who qualified for university but couldn’t get a place, including young women, students with disabilities and young people from rural areas and low-income families.

“Our young people know their communities better than anyone,” said Mustapha Turay, President, FLI Centers in Sierra Leone. “I promised myself that whatever education I got in the United States, I would bring it home. We started in Kono. Now Freetown has a center of its own.”

Over the year-long program, learners take on questions from local businesses and community groups and work with AI to answer them. Lessons run on Agilix Dawn, which keeps working when the signal drops. With the grant, learners’ AI work will run on AWS, through Amazon Bedrock.

“We founded FLI to help young people get jobs, starting with those who were ready to learn and had no place to do it,” said Curt Allen, Co-Founder, Chairman and CEO, Agilix Labs. “At our centers, they use AI to serve their own communities. Finder is the job we’re training them for.”

Schedule, fact sheet and photos: www.agilix.com/fli/press.

About the Future Learning InstituteA
The Future Learning Institute (FLI) trains young Sierra Leoneans to become Finders. Its center at Freetown Polytechnic opens in November 2026. Its Kono District center opened in March 2026.

About Agilix Labs
Agilix Labs is an education technology company based in Lehi, Utah. Its Buzz platform has supported more than 55 million course enrollments, with users in more than 200 countries and territories. www.agilix.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/agilix-labs-awarded-aws-education-equity-initiative-grant-for-finder-program-in-sierra-leone-302933161.html

SOURCE Agilix

Continue Reading

Trending