Press Release
ORC, The Dark Horse in OPEN Eco-Layout
Scientific innovations are the driving force for times transformation. Following steam engines, electricity and computer, Blockchain has brought a new revolution to technology and industry of this era.
When it comes to the currently most-talked-about blockchain technology, the decentralized finance (DEFI) deserves a special mention.
As of June 2020, the daily value locked in DEFI has broken the record, now standing at 27.3 billion dollars. It has been nibbling away at the trillion-dollar digital currency market, growing continuously into a giant.
DEFI presents huge market dividends, attracting many industry pioneers to grasp the preemptive opportunities for participation.
OPEN – Bring a wider range of assets to DeFi
OPEN is right among them. OPEN Foundation has started the overall layout of DEFI industry since 2019. After prudent and comprehensive considerations, OPEN chose OnlyChain.
Based on its analysis of OC’s position ratio via its digital asset management company with BTC Grayscale as a benchmark, OPEN has long appreciated OC and set mind to build DEFI ecology on OC system.
Open Finance is a basket of open finance and currency protocol applications developed by OPEN Foundation on OC. Through the protocol matrix with strong composability, it aims to realize a huge financial machine that can run and evolve by itself to replace the current economic operating mode and become a decentralized full-domain world bank.
OPEN is the first team to propose and practice protocol matrix concept in the industry. Its mature and supporting DEFI infrastructure provides one-stop decentralized financial solutions for global users and a unified liquidity space to serve open finance of the future.
Open Swap – Decentralized Exchange
Asset trading and clearing are important parts of traditional economic activities. It is Open Swap that assumes the above responsibilities in the OPEN system.
Open Swap delivers one-stop on-chain trading services for users based on its three core technologies and 20000+ TPS. The transfer speed speaks for itself. Also, the underlying operating system of OC does make Open Swap extremely competitive in processing large and low-frequency transactions, providing users with smooth on-chain trading experiences.
Open Lend – Hybrid Lending Market
Open Lend benchmarked against the lending and financial derivative issuance in the traditional economic activities can automatically calculate interest rates based on supply-demand change.
This benefits borrowers and lenders, making up for the opportunity cost of holding assets in an open financial network and getting rid of the fixed interests from the traditional financial market.
Open Stable – Asset Protocol Aggregation Platform
Open Stable is the center part of OPEN, allowing users to generate the stable assets OUSD (i.e. stablecoin asset protocol) from the secured assets.
OUSD is encrypted assets softly pegged to US dollars as asset collateral. It provides excess backed assets for users so as to effectively withstand vicious inflation.
And thanks to the technical advantages of OC, Open Stable enjoys high-speed asset transfer and delivery.
Open Link Oracle
OpenLink is the first distributed oracle on OC.
It is a vehicle that captures the value of Open Finance and OnlyChain ecosystem. It has defined and realized a new on-chain price generation and digital value capture plan to fix interoperability issues for the smart contract, which significantly enables it to be applied in finance, insurance, supply chain and many other industries.
Since all full eco-applications in OPEN financial system are built on OC, the above applications are exclusively confined to it. However, there exists a shortage in asset diversity on OC. So, how to achieve OC’s interoperability with other blockchains to expand the Open financial ecosystem?
ORC – An ultimate solution to blockchain interoperability.
Open Reactor
Open Reactor – Cross-chain protocol
Open Reactor (ORC) is the first decentralized cross-chain solution on OC system and also the exclusive cross-chain protocol in OPEN system. It serves as a window for financial data and value exchange with external blockchains.
The core mechanism of ORC cross-chain solution is OrcVM, through which users can use BTC and ETH to generate OBTC and OETH on OnlyChain at 1:1 if asset security is guaranteed. Owing to the high-performance blockchain network of OC, users enjoy extremely low handling fees and high transaction speed.
ORC also allows users to transfer digital assets from OC system to other blockchain networks so that on-chain assets can be freely flowed, interacted and aggregated between different blockchains, thus bringing the entire cryptocurrency market back to its root.
The ORC cross-chain solution can be applied to any sub-application in OPEN system. That’s to say, in the years to come, ORC will be the exclusive channel for OPEN sub-protocol to expand its use scope and interact with other public chains. Its importance is beyond any doubt!
The financial sector is a pioneer in exploring the application of blockchain technology, with different institutions having varied blockchain-based layouts and applications. But there also exist some urgent problems of fragmentation.
ORC can realize asset, information and trade interconnectivity and collaboration between different blockchains, which provides broader imagination space for Blockchain’s further application in the financial sector.
ORC Value Analysis
- Provide OPEN with a variety of practical cross-chain assets to make sub-protocol matrix connected.
OBTC and other cross-chain assets acting as a cohesive layer will run throughout the entire open financial ecology to make closer interactions between various sub-protocols, thus achieving a huge and autonomous DEFI ecosystem.
- Integrate value of BTC and other mainstream digital assets into OC system for OC value expansion.
Relying on the digital token of Open Reactor, ORC will bring the value of Bitcoin and Ethereum into OC network so that asset liquidity of more public chains can be locked into it.
- Offer an interactive channel between various OPEN applications and other public chains to expand the ecological layout.
ORC allows users to generate OBTC with BTC. These cross-chain assets can be uses as trade varieties, lending products and synthetic asset reserve resources between Open Swap, Open Lend and OpenStable, which immensely diversify assets in OPEN and promote their operation and deployment on the whole ecosystem.
- Address problems existing in information interaction, asset transfer and business collaboration between the independent public chains and consortium chains of different industries, like banking, securities, insurance and real estate.
The financial sector is a pioneer in exploring the application of blockchain technology, with different institutions having varied blockchain-based layouts and applications. But there also exist some urgent problems of fragmentation.
ORC can realize the asset, information and trade interconnectivity and collaboration between different blockchains, which provides broader imagination space for Blockchain’s further application in the financial sector.
- Push ahead with the rapid establishment of global financial integration or regional economic integration.
Cross-chain enables value to flow between different blockchains. During this process, users, data and scenarios can be well linked to finally build a larger value ecosystem. If cross-chain technology grows into maturity, blockchain in the future will become infrastructures like today’s highways, water and electricity supplies. This will greatly facilitate the free flow of value and promote global financial integration.
Conclusion
If OPEN is a new self-evolving and self-sustaining decentralized financial empire, ORC cross-chain solution will be its “reform and opening-up policy.” Only by embracing a bigger external world can we accelerate the rapid and stable development of ecology and build a “sun-never-set empire.”
About us
https://www.openfin.network/#/
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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.
Press Release
Niihara International Announces Rosa Parks Spirit Award Honor for Founder and CEO Dr. Yutaka Niihara
Niihara International announced that its Founder and CEO, Dr. Yutaka Niihara, has been awarded the Rosa Parks Spirit Award by the Rosa and Raymond Parks Institute for Self Development. The honor recognizes his long-standing commitment to improving care and treatment options for patients with sickle cell disease, particularly those affected by health disparities. The Company continues to advance therapies, including L-glutamine treatment, aimed at reducing complications and addressing unmet medical needs in rare diseases.
Irvine, California – June 23, 2026 – Niihara International, Inc. (“Niihara International” or the “Company”), a development-stage biopharmaceutical company focused on therapies for rare and orphan diseases, today announced that its Founder and Chief Executive Officer, Yutaka Niihara, M.D., has been awarded the Rosa Parks Spirit Award by the Rosa and Raymond Parks Institute for Self Development, the only organization founded by civil rights icon Rosa Parks.
The Rosa and Raymond Parks Institute for Self Development, co‑founded by Rosa Parks and Elaine Eason Steele in 1987, is dedicated to educating and motivating youth and adults for self and community betterment and continues Mrs. Parks’ legacy as a global symbol of courage and human rights. The Rosa Parks Spirit Award is presented on a selective basis to individuals and partners whose work reflects Mrs. Parks’ belief that “we are here on Planet Earth to live, grow up, and do what we can to make the world a better place for all people to enjoy freedom,” including freedom from injustice and inequity.
In presenting the Rosa Parks Spirit Award to Dr. Niihara, a representative of the Institute cited his more than decade‑long commitment to improving the lives of patients with sickle cell disease, particularly those facing significant health disparities and barriers to care. The presentation acknowledged Dr. Niihara’s role in bringing broader attention to the burden of pain experienced by sickle cell patients and his sustained efforts to develop and advance treatment options for this historically underserved population.
“This recognition from the Rosa and Raymond Parks Institute for Self Development is deeply humbling,” said Dr. Yutaka Niihara. “Rosa Parks devoted her life to the cause of human dignity and equal opportunity, and I am honored that our work on behalf of sickle cell patients has been associated with her legacy. We remain committed to developing therapies that can help reduce suffering and address the persistent inequities faced by patients and families around the world.”
Niihara International is focused on the development, commercialization, and distribution of innovative therapies for rare and orphan diseases, including its initial product candidate, a generic prescription‑grade L‑glutamine oral powder designed to reduce acute complications associated with sickle cell disease in patients ages five years and older. L‑glutamine therapy has been recognized as an important option within a limited range of treatments available to sickle cell patients and reflects the Company’s mission to target serious unmet medical needs.
Niihara International’s efforts build on a growing body of clinical and real‑world evidence demonstrating that pharmaceutical‑grade L‑glutamine can reduce the frequency of painful vaso‑occlusive crises in sickle cell disease and offer meaningful benefits in a population that has historically had few therapeutic choices. The Company intends to continue advancing its product and pipeline strategy while seeking collaborations that align with its commitment to patient‑centered innovation and health equity.
About the Rosa and Raymond Parks Institute for Self Development
The Rosa and Raymond Parks Institute for Self Development was co‑founded in 1987 by Rosa Parks and Elaine Eason Steele to educate and motivate youth and adults, particularly African American communities, for self and community betterment. Based in Detroit, Michigan, the Institute sponsors programs that promote civil rights education, leadership development, and civic engagement, continuing the legacy of Rosa Parks, widely known as the “Mother of the Civil Rights Movement.”
About Niihara International, Inc.
Niihara International, Inc., incorporated in California in 2023, is a development‑stage biopharmaceutical company focused on the development, commercialization and distribution of innovative therapies for rare and orphan diseases. The Company’s initial product is a generic prescription‑grade L‑glutamine oral powder designed to reduce acute complications associated with sickle cell disease in patients ages five years and older. For more information, please visit www.niiharainternational.com.
Forward‑Looking Statements
This press release may contain forward‑looking statements within the meaning of federal securities laws, including statements regarding the Company’s business strategy, development plans, product candidates, and potential markets. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward‑looking statements, including those described under “Risk Factors” in any offering circular or other filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward‑looking statements, which speak only as of the date of this press release, and Niihara International, Inc. undertakes no obligation to update or revise any forward‑looking statements to reflect events or circumstances after the date hereof.
Offering Portal Administrator
Glass Box Law, Inc.
Offering Portal Website: https://glassboxlaw.com/portal/niihara-international-inc
Media Contact
Organization: Niihara International, Inc.
Contact Person: Maurice Bethea
Website: https://niiharainternational.com/
Email:
mbethea@niiharainternational.com
City: Rolling Hills Estates
State: California
Country:United States
Release id:46420
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The International Skating Union (ISU) has officially selected Astana as the host city for the 2027 Four Continents Figure Skating Championships, according to Kazakhstan’s National Olympic Committee. The competition is scheduled to take place from 9 to 14 February 2027.
The event will bring together figure skaters from Asia, the Americas, Africa, and Oceania.
According to the ISU, the decision follows increased interest in figure skating in Kazakhstan after Mikhail Shaidorov won the gold medal in the men’s singles event at the 2026 Winter Olympics in Milan and Cortina d’Ampezzo.
The ISU noted that Shaidorov’s victory contributed to growing public interest in the sport in Kazakhstan.
The 2027 Four Continents Championships will be the largest figure skating competition hosted by Kazakhstan, according to the ISU.
Kazakhstan has previously hosted major winter sports events, including the 2011 Asian Winter Games and the 2017 Winter Universiade, both of which featured figure skating competitions.
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Kazakhstan continues to strengthen its position on the regional tourism map. In recent years, the sector has demonstrated steady growth, with tourism activity increasing across nearly all key indicators. Following strong growth in 2025, the positive trend has continued into 2026.
According to the latest data, nearly 2 million guests were accommodated at tourism establishments across Kazakhstan during the first quarter of 2026. The value of services provided exceeded 69 billion tenge, representing a 14% increase compared to the same period last year. The volume index of tourism services reached 104.5%, indicating not only higher prices but also genuine growth in tourism activity.
Domestic tourism has shown particularly strong momentum. During the first quarter of 2026, the number of Kazakh citizens using accommodation services within the country increased by 3.6%. This reflects growing interest among residents in travelling within Kazakhstan and points to ongoing improvements in tourism infrastructure, a broader range of services, and the increasing attractiveness of domestic destinations. As a result, domestic tourism is becoming one of the key drivers of the sector, stimulating regional economic activity, creating jobs, and supporting the growth of small and medium-sized businesses.
At the regional level, Almaty remained the leading destination, welcoming 472,900 visitors during January–March 2026. It was followed by Astana with 352,200 visitors and the Akmola Region with 161,100 visitors. Approximately 40% of all visitors were concentrated in resort areas, amounting to more than 800,000 people, highlighting the growing importance of recreational tourism and strong demand for domestic holiday destinations.
The positive trends are consistent with the priorities outlined by President Kassym-Jomart Tokayev, who has repeatedly emphasised the importance of tourism development, including in his 2025 State of the Nation Address, where he highlighted the Almaty tourism cluster and the strategic significance of the sector.
Tourism infrastructure continues to expand. Kazakhstan now has more than 4,500 accommodation facilities, employing around 31,000 people. Three years ago, the country had approximately 3,800 accommodation facilities and 28,000 employees in the sector. This represents growth of 17% in accommodation capacity and 12% in employment, underscoring the sector’s increasing contribution to the national economy.
Tourism’s contribution to Kazakhstan’s economy continues to grow. In 2025, the sector generated 5 trillion tenge and accounted for 3.1% of GDP. More than 600,000 people are now employed in tourism-related activities, representing around 7% of total national employment. According to Tourism and Sports Minister Yerbol Myrzabossynov, foreign visitors spent US$2.9 billion in Kazakhstan in 2025, while tax revenues generated by tourism increased by 18% to 630 billion tenge, raising the sector’s share of total tax revenues to 2%.
These results reflect sustained efforts by both the government and private sector to develop tourism infrastructure, improve transport connectivity, enhance service quality, and promote Kazakhstan internationally. Investment in the tourism sector reached 1.3 trillion tenge in 2025, up 33% year-on-year. At the same time, government spending on culture, sport, tourism, and information policy reached a record 1.2 trillion tenge.
Legislative reforms have also been introduced. Amendments adopted in March 2026 include a “green corridor” mechanism for tourist buses to reduce border crossing times for organised groups, the formal recognition of visitor centres, and the introduction of unified standards for guides, tour leaders, and tourism instructors. Additional measures support children’s and eco-tourism, including free access to national parks for visitors under the age of 18.
The development of the tourism sector is being guided by Kazakhstan’s Tourism Industry Development Concept for 2023–2029. A key objective remains attracting more international visitors through visa liberalisation, expanded international air connectivity, and stronger promotion of Kazakhstan abroad. Citizens of 84 countries can currently enter Kazakhstan visa-free, while an electronic visa system is available to citizens of 102 countries. Kazakhstan is connected to 30 countries through 626 weekly flights operating across 135 international routes.
Infrastructure development also continues at pace. In 2025 alone, 96 tourism infrastructure projects worth 167.4 billion tenge were implemented, while government support measures for the sector totalled approximately 7 billion tenge. These figures demonstrate that tourism has become one of the priority sectors of Kazakhstan’s economic policy.
The sector’s progress is increasingly reflected in international rankings. One of the most important benchmarks is the Travel & Tourism Development Index published by the World Economic Forum, which assesses tourism infrastructure, investment attractiveness, and readiness for sustainable tourism development. Kazakhstan ranked 80th in 2019 with a score of 3.7, improved to 66th in 2021, and reached 52nd place in 2024 with a score of 4.1. Overall, Kazakhstan climbed 28 places in just five years, representing one of the most significant improvements in the region.
The country has also improved its standing in the tourism and culture category of rankings published by U.S. News & World Report. Kazakhstan ranked 73rd in 2025, improving by 11 places over three years. Notably, Kazakhstan has narrowed the gap with regional competitors and now ranks seven places ahead of Uzbekistan, while also outperforming countries such as Qatar, Bahrain, Tunisia, and Vietnam.
Overall, international rankings confirm that Kazakhstan’s tourism sector is not only expanding quantitatively but also strengthening its competitiveness globally. Improvements in international indices reflect broader progress in infrastructure, service quality, investment attractiveness, and tourism promotion, reinforcing Kazakhstan’s emergence as one of the most promising tourism destinations in Central Asia.
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Niihara International Announces Rosa Parks Spirit Award Honor for Founder and CEO Dr. Yutaka Niihara
Astana to Host 2027 Four Continents Figure Skating Championships
Kazakhstan Climbs 28 Places in Global Tourism Ranking
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