News

Glonghui April 9th｜AX Ventures, the venture capital arm of Huaying Group (AXG.US), announced its participation in the latest funding round of the regulated real-world asset (RWA) tokenization platform Libeara. This investment aims to deepen the ecosystem's synergies, further advance tokenization progress across Asia and globally, and strengthen the bridge between traditional finance and on-chain markets. Previously, Huaying Group and Libeara had already established a solid foundation for cooperation; leveraging Ferion, AXG’s AI-driven tokenization service platform, the two parties successfully launched the tokenized money market fund RYT. Dr. Zhu Haokang, co-founder and CEO of Huaying Group, commented: "As an enterprise incubated by Standard Chartered Bank’s venture arm SC Ventures, Libeara has distinct advantages in terms of compliance architecture, institutional-grade product capabilities, and infrastructure completeness. Huaying Group is optimistic about its long-term development potential in the regulated digital asset market. As a board observer, I look forward to providing strategic-level support and working with the management team to jointly drive the ongoing development of compliant digital asset infrastructure."Libeara founder and CEO Aaron Gwak stated: “Tokenization creates real value only when built on compliant, institutional-grade infrastructure. This funding round provides ample resources for us to extend this infrastructure to more asset classes, broader markets, and larger groups of investors.”

Glonghui, April 9 – UBS has raised Micron Technology's target price from $510 to $535, maintaining a "Buy" rating. (Glonghui)

Foresight News reports, according to UK ITV News, the Iranian Deputy Foreign Minister stated that the Strait of Hormuz is open to all civilian vessels and reports of its closure are incorrect. However, due to wartime residual mines, all ships need to contact the Iranian authorities to obtain guidance on safe routes. Anyone who communicates with the Iranian authorities has been granted passage permission.