Connect with us

Press Release

FIRST IN SINGAPORE – BitDATA Exchange the first to launch physical Digital Payment Token Service Centre in Singapore’s Central Business District

Published

on

Following the launch of its mobile app in July  2021, BitDATA Exchange (BitEx) Singapore, a homegrown regulated digital assets exchange, continues to unfold milestones with the expansion of business operations in Singapore.

Located at the heart of Singapore’s Central Business District, BitEx has set up its first Over The Counter (OTC) service desk at GB Building, along Cecil Street on 26 September 2021. The OTC desk welcomes all walk-in queries and offers fuss-free account creation on the spot. As an MAS regulated entity, Know-Your-Customer (KYC) and Anti-Money Laundering (AML) are mandatory protocols and all these can be completed over the counter where customers can start trading after authentication is done.

“We are very excited about the launch of our OTC desk at such a prominent spot in Singapore. We finally established in Singapore in 2019 and we are very thankful to be granted an exemption by the MAS from holding a license under the Payment Services Act (“PS Act”) for providing digital payment token service. Our company goes by 3 core values which are – Secure, Regulated and Professional. We strive to provide the utmost quality service to all our customers who place their trust in us”, said Ken Wong, founder and CEO of BitEx.

FUSS-FREE FIAT-CRYPTO TRADING WITH BITEX

Trained account servicing personnels will walk customers through the onboarding process thoroughly and customers can start trading in 4 easy steps:-

  1. Provide required documents for identity verification
    1. Identity card, Proof of Residency, Bank Statement, Proof of Income/Funds
  2. Pricing quotation will be provided upon confirming customers’ preferred trade
  3. Transaction will then be completed by wire transfer of funds (FIAT) from the customer’s bank account
  4. Customers will receive their crypto assets in their wallets

Greater convenience with FAST deposit & withdrawal of funds

The latest update to the mobile app includes FAST deposit & withdrawal of funds with a nominal fee imposed and customers can tie their accounts to their debit or credit card in Singapore currency (SGD) to complete the top-up request.

With many other exciting chapters to unfold in 2022, BitEx is in talks with partners from the lifestyle industry, ranging from electronic mobile devices to networking sessions at F&B chains, the anticipation of  many other unprecedented upshift advancements goes on.

Operation details:

Opening hours: Monday to Friday, 9.00am to 12.00pm; 1.30pm to 6.00pm. Address: 143 Cecil Street, GB Building, Level 1 (Next to Huggs cafe)

About BitDATA Exchange (BitEx)

Your Trusted Portal for The Crypto-Asset World

Proudly founded in Singapore, BitDATA Exchange (BitEx) is built to provide an institutional-grade experience for our clients to trade crypto assets, including Bitcoin, Ethereum & Litecoin. BitEx’s purpose is to be a portal that brings together the world of crypto assets and finance for investors, traders, and crypto-enthusiasts. The BitEx trading platform is backed by cutting-edge technology to facilitate efficient high trading volume. We pay special attention to our clients by providing a user-centric portal with state-of-the-art security and a streamlined user experience. We are granted an exemption from holding a license under the Payment Services Act (“PS Act”) for providing digital payment  token service by The Monetary Authority of Singapore. (MAS). BitEx is also a member of the Singapore Fintech Association (SFA), the Association of Cryptocurrency Enterprises and Start-ups Singapore (ACCESS), and the Singapore Chinese Chamber of Commerce & Industry (SCCCI). For more information, visit www.bitex.sg

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Global Manufacturing Innovation Forum 2025 and Saudi–Dongguan Businesses Announced 17 Billion SAR Collaboration

Published

on

image1.jpg

The Global Manufacturing Innovation Forum 2025 took place on Tuesday, November 25, 2025, at The Ritz-Carlton Hotel in Riyadh. The forum was designed to introduce a comprehensive industrial ecosystem connecting Dongguan, China, widely known as the “World Factory,” with Saudi Arabia’s long-term economic development objectives.

The forum formally launched several strategic initiatives, including:

• Dongguan Youpin (Saudi Arabia) Exhibition & Sales Showroom, a permanent showroom that presented Dongguan’s manufacturing products and services.

• Administrative Office Spaces in Central Riyadh, which served as a strategic base for Dongguan companies entering the Saudi market.

• Saudi–Dongguan Industrial Development Zone, a dedicated zone created to promote joint manufacturing, technology exchange, and industrial localization in line with Saudi Vision 2030.

The forum also announced the next phase of this collaboration through the Global Manufacturing Innovation Expo and Conference 2026, scheduled for August 8, 2026, in Riyadh, Saudi Arabia.

image2.jpgStrengthening Industrial Cooperation

This initiative was structured to move beyond traditional trade by creating a full support framework for Saudi and Chinese businesses. The Exhibition Showroom was designed to provide direct access to the Saudi market, the Administrative Offices supported operational activities, and the Industrial Development Zone was established to enable long-term manufacturing cooperation, reinforcing Saudi Arabia’s goals for industrial diversification and improved production efficiency.

Future Manufacturing Focus

The forum gathered industry leaders and experts who discussed advanced manufacturing solutions, integrated supply chains, and joint investment opportunities. The event supported Saudi companies seeking innovation and international partnerships to drive business growth and industrial localization.

Leadership Statements

Dr. Rashed Osman, Executive Director of SACNCO and Chairman of SAMYCNCO Group of Companies, said, “Today, we are not simply opening a showroom or office; we are creating the foundation of a thriving industrial corridor. The launch of the Saudi–Dongguan Industrial Development Zone demonstrates our commitment to knowledge transfer, co-production facilities, and the development of a sustainable manufacturing ecosystem aligned with Vision 2030 and Belt and Road initiatives.”

Mr. Abdul Malik Asaker, Executive Consultant and Senior Public Relations Director, stated:

“By establishing administrative offices and a permanent showroom in Riyadh, Dongguan companies are being given a central operational base in Saudi Arabia. Combined with the Industrial Development Zone, this structure allowed Saudi companies to develop deeper partnerships that extended beyond procurement into research, development, and joint industrialization.”

Madam Hu Yanhong, President of Dongguan Yuhong Foreign Trade Comprehensive Service Co., Ltd. (SACNCO YUHONG), stated, “Our partnership with SAMYCNCO Group of Companies and World Peace Development, under the shared vision of strengthening Saudi–Chinese economic ties, represented a milestone in international industrial cooperation. The Dongguan Youpin Exhibition & Sales Showroom served as a permanent window to showcase the quality and innovation of ‘Made in Dongguan’ products. Together with our administrative offices and the Industrial Development Zone, we built a complete ecosystem that created lasting value for both nations.”

She further emphasized, “This partnership embodied our commitment to not only facilitate trade but to establish deep-rooted industrial collaboration. It directly supported Saudi Arabia’s Vision 2030 and China’s Belt and Road Initiative, while providing Dongguan manufacturers with a strategic gateway to Middle Eastern markets. This integrated approach set new standards for international economic cooperation.”

image4.jpg

Strengthening Saudi–China Industrial Relations

This forum represented an important step in strengthening Saudi–China cooperation by creating a practical framework for long-term economic partnership and industrial expansion.

Event Invitation

Companies were invited to participate in the Global Manufacturing Innovation Expo and Conference on 08 August 2026 to explore cooperation opportunities between Saudi and Dongguan Chinese manufacturers.

The Expo supported:

• Supply chain development

• Industrial knowledge exchange

• Joint manufacturing projects

• Cross-border investment

• One-on-one business meetings

image5.jpg

7 Billion SAR Saudi–Dongguan Collaboration

A consortium comprising nine Saudi and nine Dongguan-based enterprises established a strategic collaboration framework valued at an estimated 17 billion SAR. The agreement was finalized during high-level meetings in Dongguan and targeted synergistic growth across multiple sectors. Key areas of cooperation included intelligent robotics, AI, digitization, industrial manufacturing, supply chain logistics, health tech, and blockchain.

This partnership represented one of the most substantial direct investment initiatives between Saudi private sector entities and the manufacturing heartland of the Greater Bay Area, signaling expanded cross-border industrial and technological exchange.

Participating Companies

Saudi Arabian Delegation

  • Al-Asaker Company – Mr. Ali Mohammed Al-Shamrani
  • Localization of Innovation – Eng. Tareq Al-Haidari
  • First Expertise – Dr. Abdulmalik
  • DepTech Company – Dr. Hosna Imam
  • Rawad Al-Azm for Economic Consulting – Dr. Hani Al-Harbi
  • Roya Agricultural Solutions – Mr. Turki Al-Wadaani
  • Alosmania Industrial Company – Mr. Abdulrahman Kharrat
  • Diwan Construction Corporation for General Contracting – Mr. Abdullah Al-Marhabi
  • Bawazeer for Foodstuff Co., LTD – Mr. Bawazeer

Dongguan Chinese Delegation

  • Dongguan Osman Supply Chain Co., Ltd. – Mrs. Wenmin Chen
  • Guangdong Xiangcheng Group Co., Ltd. – Mr. Yin Fengtian
  • Dongguan Yuhong Foreign Trade Comprehensive Service Co., Ltd. – Mrs. Hu Yanhong
  • Leader (Guangdong) Life Health Technology Co., Ltd. – Ms. Fan Hui
  • Guangdong Weimei Engineering Design Co., Ltd. – Mr. Deng Jianjun
  • Dongguan Chengfeng Wool Textile Co., Ltd. – Mr. Huang Yongpeng
  • Dongguan Yuanzong Furniture Co., Ltd. – Mr. Ren Peijing
  • Guangdong Doni Intelligent Robot Engineering Technology Research Center Co., Ltd.
  • (Guangdong Leiyang Intelligent Technology Co., Ltd.) – Ms. Dan Du
  • Dongguan Silang Food Co., Ltd. – Mr. Winson Yuan

Delegation Cooperation

Saudi companies contributed strategic investment, market expertise, and focus on sectors aligned with Saudi Vision 2030, including food security, construction, industrialization, and economic diversification. Dongguan companies contributed manufacturing capabilities, health and robotics innovation, engineering expertise, and supply chain solutions.

A spokesperson for the joint initiative stated:

“This expected 17 Billion Saudi Riyal collaboration reflected the strong alignment between Saudi Arabia’s economic vision and Dongguan’s manufacturing and innovation strengths. The cooperation supported the flow of goods, technology, and expertise while setting a new benchmark for Saudi–China commercial partnerships.”

Initial Collaboration Focus

The collaboration initially focused on:

• Joint ventures

• Technology transfer

• Co-development of products for Middle Eastern and global markets

Several flagship projects were expected to follow.

About the Delegations

The Saudi delegation consisted of companies and consultancies active in sectors critical to the Kingdom’s future.

The Dongguan delegation represented one of China’s most active manufacturing and export regions, widely known as the “World’s Factory.”

Signing Ceremony Attendance

The signing ceremony was attended by senior officials from the Kingdom of Saudi Arabia and the City of Dongguan.

Saudi Officials Present from various ministries and authorities

  • Ministry of Investment
  • Ministry of Industry
  • Ministry of Municipalities and Housing
  • Minister of Agriculture and Environment
  • Ministry of Ports
  • Transport Authority
  • MODON
  • Saudi Industrial Development Fund
  • Riyadh Chamber of Commerce

Saudi Business Leaders Present

  • Mr. Hamza Al-Faraidi
  • Engineer Tariq Al-Haidari
  • Mr. Abdullah Al-Mubarak
  • Mr. Fawaz Al-Adwani
  • Mr. Mohammed Al-Arjani

Dongguan Officials Present

  • H.E. Mr. Wei Hao – CPC Dongguan Municipal Committee
  • H.E. Mr. Huang Tianliang – Dongguan Municipal Committee of the Communist Party of China
  • Mr. An Qi – Dongguan Municipal Foreign Affairs Bureau
  • Mr. Zhang Jianliang – Dongguan Municipal Commerce Bureau
  • Mr. Ma Weilin – Dongguan Investment Promotion Bureau

Media Contact

Organization: Dongguan World Factory

Contact Person: Sacnco Yuhong

Website: https://dongguanworldfactory.com/

Email: Send Email

Contact Number: +966537816888

Country:Saudi Arabia

Release id:38316

The post Global Manufacturing Innovation Forum 2025 and Saudi–Dongguan Businesses Announced 17 Billion SAR Collaboration appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

file

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Lumixus Canada Securities Ltd Officially Launched: Becomes Group’s North American Investment Management and Research Headquarters with $10 Million CAD Registered Capital

Published

on

Initiating Localized Service Upgrade and Deepening Commitment to OSC/CSA Regulatory Framework

Lumixus Canada Securities Ltd today announced its official establishment and the commencement of operations in Toronto, the country’s leading financial hub. The newly formed entity, registered with a capital base of $10 million CAD, will serve as a central strategic unit for the Lumixus Group in North America, undertaking responsibilities related to investment management, research, and regional operational development.

The launch of Lumixus Canada Securities Ltd represents a structural step in the Group’s efforts to expand its presence in the North American market. The company’s role will focus on two primary areas of responsibility:

North American Investment Management and Research Headquarters — The subsidiary will oversee macroeconomic analysis, quantitative strategy research, and multi-asset management activities across the region, supporting Lumixus Group’s global decision-making capabilities.

Localized Operations Center — The Toronto office will manage client services, investor engagement programs, and communication with Canadian regulatory authorities to ensure smooth and compliant regional operations.

Lumixus Canada Securities Ltd emphasized its commitment to operating within Canada’s regulatory framework. The company will adhere to the standards of the Canadian Securities Administrators (CSA) and the Ontario Securities Commission (OSC). It has submitted registration filings to the Investment Industry Regulatory Organization of Canada (IIROC) as part of its preparation to meet national requirements for securities operations. Client assets will be administered under CDS Clearing and Depository Services, with applicable protections in accordance with industry standards.

To support market education initiatives, the company is preparing to introduce the “Lumixus Academy” Investor Education System, an educational platform offering market insights, risk-management training, and introductory sessions on trading in Canadian and global markets. The program will be led by experienced analysts and delivered through online and in-person learning formats.

A company spokesperson stated:

“Establishing Lumixus Canada Securities Ltd reflects our long-term plans for North America. By focusing on research, regulatory alignment, and localized service development, we aim to contribute positively to the Canadian financial ecosystem.”

About Lumixus Canada Securities Ltd

Lumixus Canada Securities Ltd is a Canadian-based securities institution focused on the domestic stock, ETF, futures, and options markets. With a registered capital of $10 million CAD, the company serves as the Lumixus Group’s North American Investment Management and Research Headquarters. Its operations follow the regulatory frameworks of the CSA and OSC, with ongoing registration processes under IIROC.

Media Contact

Organization: Lumixus Canada Securities Ltd

Contact Person: Henry Jo

Website: https://lumixus.com/

Email: Send Email

Contact Number: +16479307520

Country:Canada

Release id:38258

The post Lumixus Canada Securities Ltd Officially Launched: Becomes Group’s North American Investment Management and Research Headquarters with $10 Million CAD Registered Capital appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

file

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Klydex Global, Inc Expands Cross-Border Compliance Framework to Support Institutional Market Access

Published

on

Klydex Global, Inc announced a major expansion of its cross-border compliance framework, introducing enhanced onboarding protocols and upgraded regulatory-alignment modules built to support institutions entering multi-jurisdiction digital-asset markets. The initiative aims to streamline global access, elevate transparency standards, and strengthen the platform’s ability to serve regulated market participants

Klydex Global, Inc today unveiled a comprehensive upgrade to its cross-border compliance and market-access ecosystem, marking an important milestone in the company’s long-term strategy to support regulated global participation. The initiative introduces expanded verification routes, improved documentation workflows, and an upgraded compliance-review engine designed to adapt to varied regulatory environments across Asia, Europe, the Middle East, and North America.

According to the company’s compliance division, the refinement focuses on resolving long-standing bottlenecks faced by institutions operating across multiple jurisdictions. The updated framework provides harmonized onboarding requirements, automated document validation, and enhanced risk-assessment logic that shortens approval timelines while maintaining strict global standards.

A key component of the initiative is the introduction of multi-regional compliance layers, which allow institutions to align market access with the legal structures of their home jurisdictions. These layers include stronger anti-money-laundering controls, improved transaction-monitoring capabilities, and a new rule-mapping engine that adjusts to evolving regulations. The system is positioned to support emerging requirements as global oversight of digital-asset activity continues to expand.

Klydex Global, Inc further highlighted that the new structure enhances the platform’s ability to collaborate with licensed financial entities, custodians, and institutional brokers. With international regulatory expectations rising, exchanges that integrate flexible compliance architectures are increasingly viewed as preferred partners for cross-border digital-asset operations.

Market analysts note that the move signals a strategic emphasis on institutional readiness rather than simple retail expansion. By investing heavily in compliance infrastructure, Klydex Global, Inc strengthens its credibility in competitive jurisdictions and positions itself to capture growing institutional demand for regulated digital-asset access.

 

About Klydex Global, Inc

Klydex Global, Inc is an international digital-asset exchange offering multi-asset trading, liquidity integration, and compliance-driven market-access solutions. The platform is committed to providing secure, transparent, and globally aligned trading environments for individual and institutional participants, with a focus on regulatory integrity and cross-border accessibility.

 

Media Contact

Organization: Klydex Global, Inc

Contact Person: EGEMEN AKBUDAK

Website: https://www.klydexglobal.com/

Email: Send Email

City: Colorado

State: colorado

Country:United States

Release id:38346

The post Klydex Global, Inc Expands Cross-Border Compliance Framework to Support Institutional Market Access appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

file

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

LATEST POST