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.
Press Release
Malaysia-Based ONE COMPANY Foundation Unveils ONE WALLET, a Keyless Telegram-Native Wallet on TON
Foundation-backed Web3 wallet replaces seed phrases with 2-of-3 Shamir Multi-Share custody; publishes Whitepaper V1.0 covering product, security, and the $1 token utility model.
KUALA LUMPUR, Malaysia – ONE COMPANY, a foundation registered with SSM, the Companies Commission of Malaysia, today unveiled ONE WALLET, a Telegram-native Web3 wallet built on the TON blockchain. The foundation also published ONE WALLET Whitepaper V1.0, detailing the product, security architecture, and the utility model of its $1 token.
ONE WALLET targets the gap between custodial exchange wallets — easy but centrally controlled — and self-custody wallets, which are powerful but ask mainstream users to memorize twelve-word seed phrases and install separate apps. ONE WALLET inverts that order: users open Telegram, complete a lightweight device check, and transact. There is no seed phrase to write down and no app to download.
At the core is a 2-of-3 Shamir Multi-Share custody model. A user’s signing key is split into three shares — held by the device, the user’s Telegram account, and an offline recovery share. The wallet is designed so that no single party, including ONE WALLET, can move funds alone: any two shares are combined briefly on the user’s device to sign a transaction, then discarded. Any one share alone cannot reconstruct the key.
As a foundation-led initiative, ONE COMPANY frames ONE WALLET as the financial entry point to a broader digital ecosystem spanning fintech, AI, games, travel, and information services built on blockchain. The foundation’s stated mandate includes research and education for Web3, user protection and transparency, and regulatory-compliance systems.
“Most people will never write down a seed phrase, and they shouldn’t have to,” said James Kim, CEO of ONE COMPANY. “Our job as a foundation is to make self-custody feel as natural as sending a message — and to do it with security that’s honest about its boundaries. Opening private testing and publishing our whitepaper on the same day is a deliberate choice: we want users, partners, and regulators reading the same document.”
ONE WALLET’s roadmap moves from the core wallet (multi-chain send, receive, and swap) to a QR-based payments rail with merchant settlement, followed by the $1 token utility layer and an ecosystem of partner mini-apps. Whitepaper V1.0 is available in English, Korean, Japanese, and Chinese.
About ONE WALLET
ONE WALLET is a Telegram-native, keyless Web3 wallet built on the TON blockchain. It replaces seed-phrase backups with a 2-of-3 Shamir Multi-Share custody model and is designed to combine a wallet, a QR-based payment rail, and the $1 token ecosystem in a single Telegram Mini App. Whitepaper V1.0 is available in EN, KO, JA, and ZH.
About ONE COMPANY
ONE COMPANY is a foundation registered with SSM, the Companies Commission of Malaysia, with offices in Kuala Lumpur. It develops and operates a global digital platform integrating digital wallet, fintech, AI, games, travel, and information services based on blockchain technology. ONE WALLET is its flagship consumer product.
Social Links:
Telegram: https://t.me/onedollar_project
YouTube: https://www.youtube.com/@One_Wallet_Official
Facebook: https://www.facebook.com/ONE WALLET.official/
Media Contact
Brand: ONE COMPANY
Contact: Media team
Email: press@ONE WALLET.store
Website: https://ONE WALLET.store
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
Confimarket Wins HackCanton Season 1 with Privacy-Preserving Consensus and Market Intelligence Infrastructure Built on Canton Network
NEW YORK, NY – Confimarket, backed and incubated by WebWise Capital, is pioneering confidential consensus discovery and information-aggregation infrastructure for institutional participants requiring strict privacy, robust market structures, and advanced financial workflows. Built on the Canton Network, the privacy-preserving market intelligence platform secured first place at the inaugural HackCanton Season 1 grand final, emerging victorious from a competitive global pool of more than 300 development teams across 15 countries.
Confimarket, a privacy-preserving prediction market built on Canton Network, has won first place at HackCanton Season 1 after advancing through a competitive field of more than 300 builders from over 15 countries.
The project was selected as the first-place winner following the grand final of HackCanton Season 1, an ecosystem hackathon organized by AppsFactory and focused on DeFi, RWA, DAO & Governance, and AI applications for Canton Network.
Confimarket is being developed as a prediction market for serious capital and demanding participants. Its core thesis is that prediction markets become materially more valuable when users can participate without exposing sensitive strategy, intent, or positioning to the broader market.
Prediction markets have already shown their ability to aggregate information at scale. However, many high-value participants — including professional traders, institutions, analysts, and organizations with sensitive views — may be reluctant to participate in fully transparent public markets. Confimarket is designed around that gap: market-based information discovery with privacy-preserving participation, credible settlement, and infrastructure suitable for more advanced financial workflows.
“Prediction markets are one of the most important categories in crypto because they turn information, belief, and probability into tradable markets. But the next stage of the category requires better infrastructure for participants who cannot expose their strategies or positions publicly,” said Alexander I, General Partner at WebWise Capital. “That is the opportunity we see with Confimarket: confidential prediction markets built for more serious capital, stronger market structure, and institutional-grade use cases.”
Canton Network is a natural environment for this model because it combines privacy, interoperability, and an architecture designed for synchronized financial markets. Canton describes itself as the first privacy-enabled open blockchain network, built to preserve privacy while allowing participants to exchange data and value across connected applications.
Canton Network has also been attracting prominent financial institutions and ecosystem participants. Official Canton materials list organizations such as J.P. Morgan, Goldman Sachs, BNY, BNP Paribas, Bank of America, and others in the broader ecosystem. For Confimarket, this makes Canton a strategically relevant foundation: the network is designed around privacy-preserving financial infrastructure rather than general-purpose public-chain transparency.
During HackCanton Season 1, Confimarket refined its product thesis, shipped core functionality, gathered user feedback, and strengthened the architecture behind the platform. The team used the hackathon as an early proving ground for confidential prediction market workflows on Canton Network, with a focus on market creation, trading logic, settlement flows, and the user experience required to make prediction markets accessible to higher-value participants.
The hackathon win represents an early ecosystem validation signal for Confimarket as the project moves from prototype development toward product readiness. The grand final and judging process provided feedback from Canton ecosystem leaders, venture investors, infrastructure companies, and industry participants.
Projects at HackCanton Season 1 were evaluated by representatives from the Canton Foundation as well as venture and industry participants including DWF Ventures, LongHash, Scytale Digital, Jsquare VC, Quantstamp, and Chainlink Labs.
Following the hackathon, Confimarket is focused on completing its trading engine, improving the user interface and onboarding flow, preparing private beta access, and working toward liquidity and ecosystem partnerships. The team’s next phase is centered on turning the hackathon-winning prototype into a product that can support real prediction market activity, privacy-preserving participation, and institutional-grade use cases.
Confimarket is also continuing to position itself within the Canton ecosystem as a prediction market layer for use cases where privacy, credible execution, and market-based forecasting are essential.
Follow Confimarket on X for product updates, ecosystem announcements, and launch news, or explore the live app at confimarket.io.
About Confimarket
Confimarket is a privacy-preserving prediction market built on Canton Network. The project is designed for participants who need confidential participation, stronger market structure, and infrastructure suitable for institutional-grade workflows. Confimarket is backed and incubated by WebWise Capital.
About WebWise Capital
WebWise Capital backs and incubates early-stage projects at the intersection of AI, Web3, fintech, and digital financial infrastructure.
Media contact
Brand: Confimarket
Contact: Media team
Email: support@confimarket.io
Website: https://confimarket.io/
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.
Inquiries for Brazil’s digital nomad visa have doubled since January 2026 as Carnaval 2027 approaches and the Florianópolis nomad scene logs a 96 percent jump in check-ins. With the festival eight months out and consulate processing running 30 to 90 days, applicants now have a narrow window to qualify. Rio de Janeiro immigration lawyer Camila Araujo Mota, who leads the only Brazilian law practice focused exclusively on digital nomad visa applications, says her team is reviewing more files in the first half of 2026 than in all of 2024.
Fortaleza, Ceara, Brazil, 29th May 2026 – Brazil’s digital nomad visa is suddenly the hottest residency permit in Latin America. Weekly inquiries to specialist law practices have doubled since January, the Brazilian National Immigration Council has registered more than 3,800 nomads to date, and Florianópolis, the island city that just ranked seventh among the world’s fastest growing remote work hubs, logged a 96 percent jump in digital nomad check-ins during the first five months of 2026 alone. The next catalyst is already on the calendar: Carnaval 2027, scheduled for February 5 through 13, is forecast to surpass this year’s record 65 million revelers and 300,000 international tourists.
For nomads hoping to attend Carnaval 2027 as residents rather than visitors, the application clock has already started. Most do-it-yourself digital nomad visa applications take three to six months to process. The festival is eight months away. The window to qualify is narrowing.
A two-year build that just hit escape velocity
Brazil welcomed 9.3 million international tourists in 2025, a 37 percent increase over the previous year and the highest annual figure in the country’s tourism history, per Embratur. The Brazilian Ministry of Tourism is targeting 10 million for 2026, which would put Brazil among the fastest-growing major tourism economies in the Western Hemisphere.
The digital nomad share of that traffic is rising faster than the average. Tourism boards estimate digital nomads spent R$1.2 billion across Rio de Janeiro, Florianópolis, and São Paulo in 2025. The Florianópolis Tourism Observatory projects the city will host more than 10,000 long-term nomads per year by 2030, generating R$1.5 billion in annual local economic impact.
Globally, the digital nomad population reached 43 million in 2026, more than double the level of three years earlier, according to Nomads.com data. The services market built around them grew to US$54.5 billion this year at a 22 percent compound annual growth rate, per Research and Markets. Brazil sits in that market with the lowest income threshold for nomad residency among G20 economies: US$1,500 per month or US$18,000 in savings, against Spain’s €2,849 monthly requirement and Portugal’s €3,680.
The Carnaval 2027 trigger
Carnaval 2026 set the bar. The national festival drew 65 million people, a 22 percent jump from 2025, with 300,000 international tourists across the country and 110,000 to Rio alone. Rio’s local economy gained an estimated R$5.9 billion. Bahia drew 3.8 million tourists to its own Carnaval. Hotel occupancy in Rio hit 98 percent. International ticket purchases to Rio between February 13 and 18 ran 9 percent above the previous year, with Chilean demand up 41 percent and American demand up 11 percent.
What turns short-term visitors into long-term residents is not the festival itself, but what they find after. Embratur reports that 95 percent of international tourists who visit Brazil say they want to return. A growing share are now returning on a residency basis.
The lawyer who saw it coming
“What we are seeing in 2026 is a fundamentally wider applicant pool,” says Camila Araujo Mota, the OAB-licensed Brazilian immigration lawyer who founded GetBrazilVisa and is the only attorney in Brazil focused exclusively on digital nomad visa applications. “South Africans, Greeks, Singaporeans, and Australians are now applying alongside Americans, Brits, and Canadians. Brazil has become a year-round residency choice, not a Carnaval-week trip.”
Why Brazil out-positions the alternatives
The country’s competitive edge in 2026 is the combination of cost, infrastructure, and visa terms.
A comfortable digital nomad lifestyle in Florianópolis or Curitiba runs between US$800 and US$1,500 per month, depending on neighborhood. The same lifestyle costs US$2,700 to US$4,800 in Lisbon, the benchmark European nomad city, and US$2,200 to US$3,200 in Mexico City.
Internet infrastructure no longer poses the question it once did. Brazil ranks 26th globally for fixed broadband at a median 222 megabits per second, per Ookla. Brazil leads South America in mobile speeds at 260 megabits per second, nearly three times faster than the second-place country in the region. Fiber-to-the-home plans at 1 gigabit per second are available in every major city.
The visa terms hold up under comparison. The VITEM XIV grants one year of residency, renewable for a second year. Foreign-source income is not taxed in Brazil for residents staying under 183 days per calendar year. Spouses, children, and parents qualify as dependents at US$60 per month each. Total government fees, including the CRNM card fee that rose to R$204.77 on January 1, 2026, and the consulate visa fee that lifted to €120, range between US$433 and US$1,159 depending on nationality and route of application.
Portugal’s D8 visa, by comparison, requires €3,680 in monthly income, more than double Brazil’s threshold. Spain, which sits at the top of the 2026 Digital Nomad Visa Index, requires €2,849 monthly and levies a 24 percent local tax rate on Spanish-source income.
A service built for the moment
GetBrazilVisa was founded by Mota in 2022, the same year the visa was created under Normative Resolution CNIg No. 45 of 2021. The firm has processed more than 50 digital nomad applications to date, with a 95 percent approval rate and a 30-day average processing time. Do-it-yourself applicants average three to six months and roughly 85 percent approval. Every applicant works directly with Mota, with no paralegals, junior associates, or ticket systems between the client and the lead attorney. The firm serves applicants from 15 nationalities across five languages: English, Portuguese, Spanish, French, and Arabic.
For a full breakdown of the Brazil digital nomad visa requirements, including the updated 2026 fee schedule, complete document checklist, and consulate-specific notes, GetBrazilVisa publishes a free guide. Profile information on the firm’s lead attorney is available at https://getbrazilvisa.com/camila-araujo-mota.
About GetBrazilVisa
GetBrazilVisa is Brazil’s dedicated digital nomad visa specialist service, exclusively focused on the VITEM XIV visa for remote workers, freelancers, and entrepreneurs. The firm is led by Camila Araujo Mota, an OAB-licensed Brazilian immigration lawyer who personally reviews every application. The service has processed over 50 applications with a 95 percent approval rate and a 30-day average processing time. Learn more at https://getbrazilvisa.com.
Media Contact
Camila Araujo Mota
OAB-licensed Brazilian Immigration Lawyer and Lead Attorney
GetBrazilVisa
Email: camilamota@getbrazilvisa.com
WhatsApp: +55 85 985860820
Website: https://getbrazilvisa.com
Media Contact
Organization: GetBrazilVisa
Contact Person: Camila Araujo Mota
Website: https://getbrazilvisa.com/
Email: Send Email
Contact Number: +5585985860820
City: Fortaleza
State: Ceara
Country:Brazil
Release id:45526
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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.
Malaysia-Based ONE COMPANY Foundation Unveils ONE WALLET, a Keyless Telegram-Native Wallet on TON
Confimarket Wins HackCanton Season 1 with Privacy-Preserving Consensus and Market Intelligence Infrastructure Built on Canton Network
Brazil Digital Nomad Visa Weekly Inquiries Double Ahead of Carnaval 2027
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