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.
Chippendale, NSW, Australia, 23rd May 2026 — Chippendale Carshare has announced a major expansion of its vehicle rental operations, growing to 90 vehicles across Chippendale, Sydney Airport and Melbourne Airport, supported by increasing demand through Turo and its own online booking platform.
Chippendale Carshare has confirmed a significant growth milestone, expanding its fleet to 90 vehicles and strengthening its presence across three key pickup locations: Chippendale, Sydney Airport and Melbourne Airport.
The expansion reflects growing demand for flexible, affordable and convenient car rental options in Sydney and Melbourne, particularly among airport travellers, business users, local residents, families, students, and customers seeking short-term or longer-term vehicle hire.
Customers can now browse available vehicles and make a booking online through the company’s booking platform at https://chippocarshare.com.au/booking.
Turo Helped Support Chippendale Carshare’s Growth
Chippendale Carshare says Turo has played an important role in supporting the company’s expansion from a smaller Sydney-based fleet into a 90-vehicle operation across two major Australian cities.
By allowing hosts to list vehicles online and connect with guests looking for flexible car rental alternatives, Turo helped Chippendale Carshare reach a wider customer base, improve vehicle utilisation, and scale its operations beyond a traditional single-location rental model.
The company’s growth has been supported by demand from Turo guests seeking accessible vehicles for airport travel, weekend trips, business use, family transport, moving needs, and longer rental periods.
Alexander Munao, founder of Chippendale Carshare, said Turo was an important part of the company’s growth story.
“Turo helped us prove that customers wanted a more flexible way to access rental vehicles,” Munao said.
“It gave us the ability to reach more travellers and local customers, test demand across different vehicle types, and build the systems needed to manage a larger fleet.”
“That demand has helped Chippendale Carshare grow to 90 vehicles and expand into Sydney Airport and Melbourne Airport, while still continuing to serve our original Chippendale location.”
90 Vehicles Across Sydney and Melbourne
The 90-vehicle milestone represents a major step in Chippendale Carshare’s continued development from a local Sydney car rental operator into a multi-location vehicle rental network servicing both New South Wales and Victoria.
The company’s expanded fleet includes a wide range of vehicles suited to different customer needs, including economy cars, compact hatchbacks, SUVs, 7-seat vehicles, vans, people movers and practical everyday rental vehicles.
By operating across Chippendale, Sydney Airport and Melbourne Airport, Chippendale Carshare is now positioned to support customers looking for:
- Sydney car rental near the CBD
- Sydney Airport car rental
- Melbourne Airport car rental
- Chippendale car rental
- Affordable airport car hire
- Long-term car rental
- Van hire and people mover rental
- Flexible short-term vehicle hire
Airport Expansion Driven by Customer Demand
The addition of Sydney Airport and Melbourne Airport locations has been introduced to support increasing demand from travellers who want a simpler, more flexible way to access rental vehicles close to major transport hubs.
Chippendale Carshare’s original Chippendale location continues to service inner-city Sydney customers, including those near Central Station, Broadway, Redfern, Ultimo, Surry Hills and surrounding suburbs.
The Sydney Airport location provides access for customers arriving into or departing from Sydney, while the Melbourne Airport location marks an important step in the company’s Victorian expansion.
“Customers are increasingly looking for flexibility,” Munao said.
“Some people need a small economy car for a few days, others need a van, SUV, people mover or long-term vehicle. Growing to 90 vehicles gives us more ability to match customers with the right car for the right trip.”
A More Flexible Approach to Car Rental
Chippendale Carshare has built its service around online booking, practical vehicle options and convenient pickup locations. The company says its model is designed for customers who want a straightforward alternative to traditional car rental, with the ability to compare vehicles and book online before arrival.
Turo helped accelerate this model by giving Chippendale Carshare access to a large marketplace of guests seeking flexible vehicle access. This helped the company understand customer demand, expand its fleet mix, and improve operational processes across cleaning, maintenance, pricing, vehicle availability and customer support.
The expanded network is expected to support a broad range of use cases, including weekend trips, interstate travel, airport arrivals, business transport, temporary replacement vehicles, moving vans, family holidays and longer-term rental requirements.
Chippendale, Sydney Airport and Melbourne Airport
The company’s three-location footprint allows Chippendale Carshare to service both city-based and airport-based rental demand.
The Chippendale location remains central to the company’s Sydney operations, offering convenient access for customers near the Sydney CBD and inner-city suburbs.
The Sydney Airport location supports travellers looking for car rental near Sydney Airport, while the Melbourne Airport location provides access for customers looking for car rental near Melbourne Airport and Tullamarine.
Chippendale Carshare says it will continue investing in fleet availability, operational systems and customer experience as demand grows across both cities.
Book a Vehicle Online
Customers looking for car rental in Sydney, Sydney Airport, Melbourne Airport or Chippendale can view available vehicles and make a booking through the official Chippendale Carshare booking page:
Book a car with Chippendale Carshare
More information about the company and its vehicle rental services is available at:
About Chippendale Carshare
Chippendale Carshare is an Australian car rental operator based in Sydney, New South Wales. The company provides flexible vehicle rental services across Chippendale, Sydney Airport and Melbourne Airport, offering a growing fleet of economy cars, SUVs, vans, people movers and practical rental vehicles for short-term and longer-term use.
With 90 vehicles now operating across Sydney and Melbourne, Chippendale Carshare continues to expand its presence as an online-first car rental provider focused on convenience, flexibility and accessible vehicle hire.
Media Contact
Organization: Chippendale Carshare Pty Ltd
Contact Person: Alexander Munao
Website: https://chippocarshare.com.au
Email: Send Email
Contact Number: +611300011135
Address:81-83 Campbell Street
City: Chippendale
State: NSW
Country:Australia
Release id:45374
The post Chippendale Carshare Expands to 90 Vehicles Across Sydney and Melbourne 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
OSL Lists State-Supervised Gold-Backed Stablecoin USDKG as Platform Expands Asia’s Digital Asset Ecosystem
HONG KONG – USDKG, the gold-backed stablecoin issued by the Kyrgyz Republic, today announced its official listing on OSL HK, the Hong Kong-licensed digital asset exchange of global stablecoin payment and trading platform OSL Group. The milestone marks a significant step for the state-supervised, asset-backed digital currency as it enters one of the world’s most established licensed virtual asset markets.
Link: https://www.osl.com/hk-en/announcement/new-listing-on-osl-hk-gold-dollar-usdkg
Pegged 1:1 to the U.S. Dollar and fully backed by physical gold reserves, USDKG is now accessible to professional investors through OSL’s institutional-grade infrastructure. The initial trading pair USDKG/USDT is now available to professional investors across OSL HK’s over-the-counter (OTC) platform.
The listing of USDKG aligns with OSL’s commitment to contribute to the development of a secure and compliant digital asset ecosystem in Asia and beyond. It also expands USDKG’s reach into new markets through a regulated platform aligned with institutional standards, supporting its use in cross-border settlement and broader financial applications.
Jason Liu, Global Exchange COO of OSL, said: “OSL is dedicated to providing investors with access to regulated, innovative assets. The listing of USDKG not only enriches OSL’s product offerings for the market, but also strengthens its compliant stablecoin ecosystem, as the introduction of a state-backed, compliant digital asset further underscores OSL’s credibility and leadership within the industry.”
Biibolot Mamytov, CEO of Gold Dollar (USDKG), said: “This listing represents an important milestone for USDKG as we enter one of the most established and highly regulated digital asset markets globally. Hong Kong is widely regarded as the gold standard for digital asset regulation, and working with OSL reflects our focus on transparency, gold-backed reserves, and institutional-grade infrastructure.”
About USDKG
USDKG is issued by OJSC Virtual Asset Issuer, a state-owned entity under Kyrgyzstan’s Ministry of Finance, with an initial issuance of $50 million backed by physical gold reserves audited by Kreston Global. The stablecoin is deployed on Ethereum and TRON, with smart contract audits conducted by ConsenSys Diligence.
The token is already accessible through decentralized exchanges, including Curve and Uniswap, and supported by major wallets such as Ledger Live, MetaMask, Trust Wallet, and TronLink. The stablecoin is fully compliant with FATF KYC/AML standards and is designed to facilitate financial inclusion and efficient cross-border value transfer.
With this listing, Kyrgyzstan continues to position itself as a regional first-mover in regulated, asset-backed digital currencies, bridging traditional finance and blockchain infrastructure while maintaining full sovereign oversight and public accountability.
About OSL Group
OSL Group (HKEX: 863) is a global stablecoin payment and trading platform that strives to provide compliant and efficient digital financial infrastructure services globally, empowering enterprises, financial institutions and individuals to seamlessly exchange, pay, trade, and settle between fiat and digital currencies. Grounded in the core values of Open, Secure, and Licensed, it is committed to building a more efficient ecosystem that connects global markets and enables instant, seamless and compliant value movement worldwide. For media inquiries, please contact: media@osl.com.
Social Links
GitHub: https://github.com/USDkg/USDkg
X: https://x.com/USDKG_Official
LinedIn: https://www.linkedin.com/company/usdkg/
Media Contact
Brand: USDKG
Contact: William Campbell
Email: business@usdkg.com
Website: https://www.usdkg.com
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.
General Compute has opened its production inference cluster to developers building agent applications, running SambaNova SN40 and SN50 dataflow silicon that posts the fastest independently benchmarked speeds on the MiniMax M2.7 model family.
San Francisco, California, United States, 22nd May 2026 – General Compute today announced the general availability of General Compute Cloud, the first ASIC-native neocloud purpose-built for the next generation of autonomous AI development tools. Where existing neoclouds rack incumbent GPUs, General Compute has designed its serving stack around its inference-optimized ASICs.
Unlike traditional cloud platforms designed around human operators clicking through dashboards, General Compute Cloud is also the first major cloud to treat AI agents as first-class users. Coding agents can complete the entire onboarding flow themselves, creating an account, claiming the launch credit, and retrieving a working API key, without requiring a developer to step in. The result: a developer can ask their AI agent to “switch its inference to General Compute,” and minutes later be looking at running infrastructure they never had to provision by hand.
Agentic workloads issue dozens or hundreds of model calls per task, which means even small per-token gains compound into dramatic differences in developer experience and unit economics. By optimizing the silicon, runtime, and API surface for inference rather than retrofitting general-purpose accelerators, General Compute aims to push down both first-token latency and sustained token throughput on the open and frontier models developers use most.
Agent-native signup is supported out of the box. When invoked through OpenCode, OpenClaw, or any compatible client, the agent can complete account creation, verify the workspace, claim launch credit, and return a scoped API key back to the developer’s environment — turning what was historically a multi-step onboarding into a single natural-language instruction.
“Our goal is simple: we want General Compute to be the fastest inference provider on the market, and we want to ship the fastest inference API any developer or AI agent can call,” said Jason Goodison, CTO and co-founder of General Compute. “Optimizing the silicon is how we get there. The $200 in launch credit is our way of inviting builders, and their agents, to put us up against anyone else and see the numbers for themselves.”
General Compute Cloud is available immediately to customers globally at generalcompute.com. The launch credit is automatically applied to new accounts created between May 20 and May 27, 2026. OpenCode and OpenClaw users can begin a General Compute session directly from within their agent by asking it to “sign me up for GeneralCompute.com”
About General Compute
General Compute is the first ASIC-native neocloud, building custom inference silicon and the cloud platform that runs on it. The company’s stated goal is to operate the fastest inference provider and the fastest inference API for AI agents and the developers who deploy them. Founded in 2025 and headquartered in San Francisco, General Compute is backed by leading technology investors. Learn more at generalcompute.com.
Media Contact
Organization: General Compute Inc
Contact Person: Jason Goodison
Website: https://generalcompute.com
Email:
jason@generalcompute.com
Contact Number: +14257537666
Address:440 North Barranca Avenue
City: Covina
State: California
Country:United States
Release id:45346
The post General Compute Launches the First ASIC-Native Neocloud 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.
Chippendale Carshare Expands to 90 Vehicles Across Sydney and Melbourne
OSL Lists State-Supervised Gold-Backed Stablecoin USDKG as Platform Expands Asia’s Digital Asset Ecosystem
General Compute Launches the First ASIC-Native Neocloud
Benzinga Money Article Discusses How to Become Part of the 12% of Retirees Who Have Achieved the Recommended $550,000 Minimum Retirement Savings Threshold
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