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ORC, The Dark Horse in OPEN Eco-Layout

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5 years ago

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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 

  1. 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.”

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https://www.openfin.network/#/

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

Cellfie Mobile Announces Deployment of 400 New Base Stations Across Georgia

Published

20 minutes ago

on

May 9, 2026

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Cellfie Mobile announced the deployment of 400 new base stations across Georgia to extend coverage to underserved residential areas and increase network capacity. The rollout follows a year of infrastructure investment that delivered a 25% increase in internet speed, 52% expansion in 5G coverage, and 99% nationwide network reach. Installation is underway, with further improvements expected from the beginning of next year.

Tbilisi, Georgia, 9th May 2026 – Cellfie Mobile announced the deployment of 400 new base stations across Georgia as part of an ongoing network expansion program. The new infrastructure is intended to extend mobile coverage to residential areas currently underserved by the operator’s network and to increase data throughput in high-demand zones. Installation has already begun, with initial improvements reported across parts of the network. The new stations will be deployed using Nokia’s radio access network equipment, which is currently operational in mobile networks across more than 130 countries.

The deployment follows a year of sustained investment in Cellfie’s mobile infrastructure. During 2025, the operator installed and modernised up to 300 base stations, acquired new frequency licenses in the 2100 MHz and 2600 MHz bands, and reported a 25% increase in internet speeds and a 32% increase in network capacity across its existing infrastructure. 5G coverage expanded by 52%, and nationwide network coverage reached 99%. Over the same period, customer satisfaction increased by 56% over the course of a year. In 2025, Cellfie received the “Fastest Growing Telecom in Georgia” designation from the Global Banking & Finance Awards.

“This year, we made network modernisation our number one priority,” said Rostom Talakhadze, Chief Executive Officer at Cellfie. “The deployment of 400 new base stations is another step in that effort. The results are already visible across the network and will become more evident in the near future.”

The 400 additional base stations will utilise the newly acquired frequency resources to further strengthen network capabilities. Cellfie stated that improvements are already noticeable for existing customers, with results expected to become progressively more apparent from the beginning of next year as the rollout extends to cover all residential areas.

The expansion is part of a broader network development program that the operator has been carrying out since the beginning of the year. 

About Cellfie

Cellfie Mobile is a Georgian mobile operator serving 1.42 million customers nationwide. The company was the first operator in Georgia to introduce both 4G/LTE and 5G technologies. Cellfie provides voice, data, eSIM, roaming, and business connectivity services across the country. In 2025, Cellfie became the first telecommunications company in Georgia to receive ISO 37001 (Anti-Bribery Management System) and ISO 37301 (Compliance Management System) certifications. 

Media Contact

Organization: Cellfie Mobile

Contact Person: Sophie Balavadze

Website: https://cellfie.ge

Email:
sbalavadze@cellfie.ge

City: Tbilisi

Country:Georgia

Release id:44773

The post Cellfie Mobile Announces Deployment of 400 New Base Stations Across Georgia 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

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The oldest oil trading company in DIFC completes its debut bond issuance in Kazakhstan

Published

3 hours ago

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May 9, 2026

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United Arab Emirates, May 5, 2026 — On March 30, 2026, Translux Limited successfully completed the placement of its debut $20 million bond issue with a 14% annual coupon, denominated in US dollars. Translux Limited is the oldest oil trading company in DIFC.

Translux Limited has been operating for more than 20 years and specializes in marine fuel bunkering at sea. The company purchases fuel in bulk from leading international suppliers, including BP and Vitol, and delivers it directly to vessels offshore. Over the years, Translux has served thousands of vessels and built long-term relationships with major global container shipping companies, including MSC, Maersk, and CMA CGM. The company generates approximately $120 million in annual turnover and around $7.5 million in net profit, with gross margins reaching approximately 50%. The company has had no defaults throughout its operating history.

The Translux bond issuance was structured by Velar Capitals, an international investment platform specializing in IPO, pre-IPO, and debt capital markets. Velar Capitals develops a long-term support model for companies on their path to the public capital markets, from structuring debt and establishing a transparent financial track record to preparing the equity journey, developing institutional demand, and ultimately supporting an IPO. Velar Capitals sees Kazakhstan as one of the key markets in Central Asia and views AIX as an international platform through which local investors gain access to global issuers.

The current Translux bond issue is not just a placement but part of a broader strategy. The company views public debt as a step toward an IPO in the coming years and as a tool for building a transparent track record in the capital markets. At the same time, Translux plans to issue a subsequent bond at a lower rate, further enhancing the attractiveness of the current issue.

Strong investor interest is driven not only by the terms of the issuance but also by the underlying business. The global bunkering market exceeds $150 billion annually. As global shipping routes shift, traffic is increasingly moving through the Atlantic along the west coast of Africa. This is driving demand for marine fuel supply in the region where Translux already operates. Dakar is emerging as a key hub. On the route between Lomé and Las Palmas, spanning approximately 2,000 nautical miles, it is the only location combining a deep-water port, developed infrastructure, and a stable jurisdiction. Translux holds an exclusive license in this corridor until 2032, effectively securing a key position on this route. The bunkering market in Dakar is growing at approximately 13% per year.

Another important signal for the market is that major international players are already increasing their presence in the region. Leading global companies, including Monjasa, Vitol, Peninsula, and Flex Commodities, are shifting their volumes toward West Africa. For investors, this means the company operates not in a hypothetical growth area but in a segment where the world’s largest industry players are already active.

Following the successful placement, Translux and Velar Capitals are also considering expanding their presence in Kazakhstan. This includes deeper engagement with the market, expansion of the investor base, and the potential opening of a joint office, reinforcing a long-term focus on the region.

The Translux placement on AIX represents a market deal, an infrastructure case, and a strong signal for investors. The oldest oil trading company in DIFC entered the capital markets at a time when global logistics is shifting in its favor, and demand for its services is growing alongside the rerouting of global shipping flows around Africa. Against this backdrop, the current issuance has already become a notable entry point into the company’s story, which, according to its plans, will continue moving toward an IPO in the coming years.

Contact Info:
Name: Dmitriy Vettori
Email: Send Email
Organization: Translux Limited
Website: https://translux.ae/

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Press Release

Miron Atelier: A New Era of Global Elegance

Published

3 hours ago

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May 9, 2026

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Miron Atelier, the visionary fashion house led by designer Rodica Miron, is officially entering its most ambitious chapter yet. With a commitment to “measured luxury” and artisanal excellence, the brand is rapidly expanding its footprint across the globe, bringing its signature blend of timeless sophistication to the international stage.

The New Landmark in Dubai

At the center of this expansion is the unveiling of Miron Atelier’s flagship showroom on Al Wasl Road in Dubai.

This stunning new space is more than just a boutique; it is a sanctuary for those who appreciate the finer details of couture. Clients are invited to experience an elevated level of service where the atmosphere is curated for comfort and exclusivity.

Within this private setting, visitors can expect:

  • ⁠VIP Personalized Service: A dedicated, one-on-one consultation experience tailored to meet the unique needs and style preferences of every individual.
  • ⁠Exclusive Access: An intimate look at the latest collections, showcasing the brand’s meticulous craftsmanship, hand-placed crystal embellishments, and artisanal detailing.
  • ⁠The “Measured Luxury” Experience: A space designed to reflect the brand’s philosophy—calm, intentional, and profoundly elegant.

A Rising Star on the Global Stage

The allure of Miron Atelier is no longer confined to the Middle East. As the brand scales its global presence, it has become an increasingly frequent choice for some of the world’s most prominent figures.

Hollywood’s A-list and global style icons are turning to Miron Atelier for their most significant public moments. Whether on the red carpet or at high-profile industry events, these stars are embracing the brand’s unique ability to combine quiet authority with striking, red-carpet-worthy design. Miron Atelier is rapidly solidifying its reputation as a preferred label for those who demand both impeccable quality and a distinct, modern identity.

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