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

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.
Strengthening 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.”

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

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
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Press Release
Lumixus Canada Securities Ltd Officially Launched: Becomes Group’s North American Investment Management and Research Headquarters with $10 Million CAD Registered Capital
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
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
Klydex Global, Inc Expands Cross-Border Compliance Framework to Support Institutional Market Access
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
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.
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