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/#/
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.
Shanghai, China, August 3rd, 2026, ZEX PR WIRE, WasabiCard, a global payment infrastructure platform, announced its participation in ChinaJoy 2026, taking place from July 31 to August 2, 2026, at Shanghai New International Expo Centre. The company will showcase its global payment solutions at Booth W5-A102, connecting with businesses and industry partners from the gaming, internet, and digital entertainment sectors.
As digital businesses continue expanding into international markets, efficient and scalable payment infrastructure has become increasingly important. At ChinaJoy 2026, WasabiCard will demonstrate how its payment solutions help enterprises simplify global payment operations, improve financial efficiency, and support cross-border business growth.
Through its global payment infrastructure platform, WasabiCard enables businesses to access key capabilities including global card issuing, cross-border payments, and global payouts. The platform supports a wide range of business scenarios, including advertising payments, corporate expenses, SaaS subscriptions, creator payments, affiliate commissions, supplier settlements, and global workforce payments.
WasabiCard’s card issuing solutions allow enterprises to launch virtual cards, physical cards, and customized card programs through flexible integration options. With support for digital wallet integration, including Apple Pay and Google Pay, businesses can manage global spending more efficiently across different operational scenarios.
The company’s global payout capabilities enable businesses to distribute funds across 200+ countries and regions, supporting multiple fiat currencies and streamlined payout workflows for employees, creators, contractors, partners, and suppliers.
With a focus on compliance and security, WasabiCard maintains a global regulatory framework, including U.S. MSB, Canada MSB, U.S. MTL, PCI DSS Level 1, and Visa TPA certifications, supported by comprehensive risk management processes covering KYB, KYC, KYT, and AML requirements.
During ChinaJoy 2026, the WasabiCard team will meet with enterprises, partners, and industry leaders to discuss how modern payment infrastructure can help digital businesses improve operational efficiency and expand globally.
Visitors are invited to visit WasabiCard Booth W5-A102 from July 31 to August 2, 2026, to explore global payment solutions and connect with the team.
About WasabiCard
WasabiCard is a global payment infrastructure platform enabling enterprises, fintech companies, and internet-native businesses to build scalable payment solutions through global card issuing, cross-border payments, and payout capabilities.
Its platform supports virtual and physical card programs, multi-currency settlement, global fund distribution, and embedded payment solutions designed for modern global commerce. WasabiCard powers payment use cases across media buying, SaaS subscriptions, global payroll, creator payments, treasury management, and digital financial applications.
Disclaimer
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.
Press Release
From Early Hardship to Building a $35.8M Portfolio: Don Kilam Shares the Business Philosophy Behind His Entrepreneurial Journey
Don Kilam reflects on the experiences, business principles, and organizational strategies that contributed to the growth of Kilam International while expanding educational resources for entrepreneurs.
Las Vegas, Nevada, United States – Every entrepreneurial journey begins with a defining moment. For Don Kilam, founder of Kilam International, that moment emerged from overcoming significant personal and financial challenges that ultimately reshaped his perspective on business ownership, organizational planning, and long-term enterprise development.
From navigating periods of financial hardship and homelessness to building a business portfolio valued at approximately $35.8 million, Kilam’s story reflects years of entrepreneurship, strategic planning, and continuous learning. Rather than describing his experience as a universal roadmap to success, Kilam says his journey demonstrates the importance of understanding how businesses are organized, managed, and developed over time.
According to Kilam, one of the most significant lessons he learned was the value of treating business activities with the same discipline and structure expected of established organizations. That philosophy has since become a central theme of the educational resources developed through Kilam International, where entrepreneurs are encouraged to learn about business organization, operational planning, and responsible financial management.
A Journey That Changed His Perspective
Before establishing his current business portfolio, Kilam faced numerous personal and financial obstacles that shaped his approach to entrepreneurship. Those experiences motivated him to better understand how businesses operate, how organizations are structured, and how long-term planning can contribute to sustainable business growth.
“Building a business changed the way I viewed entrepreneurship,” said Kilam. “I came to appreciate the importance of organization, planning, accountability, and understanding how businesses function. Those experiences continue to influence the educational work we do today.”
Kilam explains that many entrepreneurs focus primarily on generating revenue, while often overlooking the importance of building a solid operational foundation. His experience led him to place greater emphasis on business structure, documentation, financial organization, and strategic planning as part of managing a growing enterprise.
Business Practices That Supported Growth
Throughout the development of Kilam International, Kilam adopted a number of business practices that he believes contributed to the company’s evolution.
One area of focus involved operating through formal business entities, including limited liability companies (LLCs) and trust structures where appropriate. According to Kilam, these organizational decisions were made as part of broader business planning and in consultation with professional advisors based on the company’s operational needs.
The company also invested in maintaining organized accounting systems and business banking practices to support financial management and administrative oversight. Kilam says accurate financial records and consistent operational procedures became increasingly important as business activities expanded.
As the company grew, Kilam explored a variety of business financing opportunities to support expansion initiatives. He notes that financing decisions were evaluated based on business objectives and available opportunities, while emphasizing that funding options vary significantly depending on the nature of each business and should always be assessed with appropriate professional guidance.
Kilam International also continued to explore business development opportunities through strategic partnerships, private business initiatives, and educational programs. These activities contributed to the company’s broader focus on entrepreneurship, business education, and organizational growth.
In addition, the company diversified its business interests across multiple sectors, including real estate, digital education, and online business communities. Kilam says diversification formed part of the company’s long-term business strategy and reflected its commitment to developing multiple areas of enterprise activity rather than relying on a single business segment.
Expanding Entrepreneurial Education
Drawing from these experiences, Kilam International has expanded its educational initiatives to help entrepreneurs better understand business organization, operational planning, accounting practices, and enterprise management.
The company’s educational resources discuss topics including business entity selection, organizational planning, financial recordkeeping, responsible business administration, and long-term operational development. Kilam emphasizes that these materials are intended to encourage informed decision-making and should not be interpreted as legal, tax, investment, or financial advice.
“Our goal is to encourage entrepreneurs to think beyond the initial stages of launching a business,” Kilam said. “Building a sustainable organization requires continuous learning, responsible planning, and a willingness to adapt as opportunities and challenges evolve.”
Through its online community and digital educational platforms, Kilam International continues to publish content designed to help entrepreneurs better understand the operational aspects of running a business. The company says future educational initiatives will continue to focus on entrepreneurship, organizational development, and business management while encouraging individuals to seek qualified professional advice for decisions involving legal, financial, or tax matters.
While every entrepreneurial journey is unique, Kilam believes that education, planning, and responsible business practices remain valuable components of long-term enterprise development. His story—from overcoming hardship to building a diversified business portfolio—serves as the foundation for Kilam International’s ongoing commitment to supporting entrepreneurship through education rather than promises of financial outcomes.
Contact Info:
Name: JEFFERY MCBRIDE JR
Email: Send Email
Organization: KILAM INTERNATIONAL
Address: 8565 S EASTERN AVE , SUITE 150, LAS VEGAS, NEVADA, United States
Phone: 702-200-4900
Website: https://www.donkilam.com/
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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
Rasmala Global Sukuk Fund Named Winner of Two 2026 LSEG Lipper Fund Awards for Best Fund over 10 Years
Dubai, United Arab Emirates, August 3rd, 2026, FinanceWire
Independent recognition of a decade of consistent, risk-adjusted performance
The Rasmala Global Sukuk Fund was recognised with the 2026 LSEG Lipper Fund Awards for Best Fund over 10 Years in the Bond Sukuk Global USD classification, winning across two award universes: Global Islamic and MENA Markets.
The LSEG Lipper Fund Awards have, for more than three decades, recognised funds that have delivered consistently strong risk-adjusted performance relative to their peers. Winners are determined using LSEG Lipper’s independent, proprietary quantitative methodology, based on the Lipper Leader rating for Consistent Return over three-, five-, and ten-year periods.
The Rasmala Global Sukuk Fund is a UCITS sub-fund of an open-ended, Luxembourg-incorporated umbrella investment company. One of the longest-running global sukuk funds of its kind, the Fund invests in a diversified portfolio of Shariah-compliant assets, comprising primarily investment-grade sovereign, government-related and corporate sukuk, without reference to any specific benchmark. The Fund is dynamically managed and targets both income and capital appreciation, with a monthly distribution of dividends, and has navigated multiple market cycles within a risk-managed framework.
The awards come at a period of heightened volatility for global fixed income. Fitch Ratings has noted that the sukuk market’s recovery in 2026 hinges on sustained regional stability, with issuance expected to remain below 2025 levels amid ongoing geopolitical uncertainty.¹ Against this backdrop, an independent award recognising consistent, risk-adjusted performance over a full decade underscores the value of an actively managed, disciplined approach through changing market cycles.
“We’re proud to see the Rasmala Global Sukuk Fund recognised among the best over ten years. In a market that continues to test investors, an independent award for consistent, risk-adjusted performance over a full decade speaks to the strength of our active management and the trust our investors place in us. It reflects the disciplined, long-term approach that defines how we manage capital at Rasmala,” said Eric Swats, Senior Executive Officer, Rasmala Investment Bank Limited.
About Rasmala Investment Bank Limited
Rasmala Investment Bank Limited (“Rasmala”) is an independent alternative investment manager serving Gulf-based investors including pension funds, family offices, corporates, endowments, and financial institutions. The firm is located in the DIFC, Dubai, UAE, and regulated by the Dubai Financial Services Authority (DFSA). It is a wholly owned subsidiary of Rasmala Investment Holdings (DIFC) Limited (“Rasmala Holdings”). For more information, visit www.rasmala.com.
¹ Market context sourced from publicly available third-party commentary: Fitch Ratings, “Global Sukuk Issuance Recovery Hinges on Regional Stability” (Non-Rating Action Commentary), 8 July 2026, fitchratings.com/research/non-bank-financial-institutions/global-sukuk-issuance-recovery-hinges-on-regional-stability-08-07-2026. Provided for context only.
Important information/disclaimer
For Professional Client only. This document constitutes a financial promotion and is directed only at persons who meet the DFSA’s definition of a Professional Client and must not be relied upon by any other person. It does not constitute an offer, solicitation or investment advice. Past or projected performance is not necessarily a reliable indicator of future results; the value of investments can fall as well as rise, and investors may not recover the full amount invested. RIBL is authorised by the DFSA to operate an Islamic Window and has appointed a Sharia Supervisory Board that reviews and approves its Islamic Finance products. The LSEG Lipper Fund Awards is awarded by LSEG Lipper based on its independent quantitative methodology; details are available at lipperfundawards.com. Prospective investors should read the Fund’s prospectus and KIID/PRIIPs-KID and seek independent advice before investing. The awards referred to herein should not be construed as a recommendation to purchase or invest in the Fund and does not guarantee future performance. Nothing in this communication excludes or limits any duty or liability owed by Rasmala Investment Bank Limited under applicable DIFC laws or the DFSA Rulebook.
Contact
Tim Hydari
Senior Executive, Branding & Investor Communications
Rasmala Investment Bank Limited
media@rasmala.com
+971 4 424 2700
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.
WasabiCard Heads to ChinaJoy 2026 to Power Global Business Growth
From Early Hardship to Building a $35.8M Portfolio: Don Kilam Shares the Business Philosophy Behind His Entrepreneurial Journey
Rasmala Global Sukuk Fund Named Winner of Two 2026 LSEG Lipper Fund Awards for Best Fund over 10 Years
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