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Synbit uses synthetic assets to build a more comprehensive income market and volatility structure to boost the development of DeFi

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With the momentum of liquidity mining getting stronger and stronger, DeFi is transforming traditional financial products into protocols at a hundred times faster. Decentralized trading platforms, stablecoins, decentralized lending and borrowing platforms, synthetic assets, and insurance products will all be decentralized, trustless and transparent in the decentralized network protocols. We believe that compared with traditional finance, DeFi has a more ambitious vision, that is to allow anyone to publicly own or trade any financial assets anywhere in the world.

Because DeFi lacks some basic products and services, it is still incomplete in the construction of a “decentralized financial market (DeFi market)” and needs the support of structured financial tools.

We find that in the traditional financial market, a large number of monetary asset collaterals, including short-term debt collaterals, long-term debt collaterals based on sovereign credit, and quasi-currency created based on repurchase or asset securitization, constitute large-scale financial derivative instruments and form a systematic financial market, playing an important role in risk management, asset pricing, and improving market liquidity. DeFi also requires durable and stable assets and liquidity. Currently, the basic assets supporting liquidity mining can be roughly divided into three categories: Transaction fees, income from loan interest rate spreads, and guaranteed governance tokens. When basic asset income (or “productivity”) is insufficient to sustain the credit boom, a risk similar to the traditional “financial crisis” will appear.

Synbit is committed to building a more comprehensive income market and volatility structure. In the mapping process of traditional financial market products, it has broken through the construction of comprehensive decentralized financial derivatives, laying a rich and solid asset foundation for the development of the DeFi industry. In the setting of collaterals, Synbit supports multiple pledge methods, such as ETH, stablecoins, and SYN. The mortgage rate of each asset is calculated through modeling based on the stability of its price. In the future, the calculation model and its mortgage rate can be adjusted through the community governance mechanism. Users can mortgage the synthetic assets issued or directly exchange with other types of synthetic assets by purchasing synthetic assets. Synbit’s excess mortgage mechanism and unique liquidation mechanism ensure the safety of all debts. The collaterals can perfectly cover the debts, which means that the systemic risks mentioned above are unlikely to occur in Synbit. In order to attract users to participate in the Synbit ecosystem and ensure the smooth launch and sustainable development of the Synbit platform, the platform has formulated targeted incentive plans for ecological participants such as mortgagers, traders, and coin holders. In addition, Synbit adopts a unique debt pool model, traders do not need counterparties when trading, which effectively solves the liquidity and slippage problems faced by DEX (decentralized exchange). The multi-pledge, multi-form, and multi-reward setting can provide liquidity for Synbit’s continuous transfer of assets.

Of course, Synbit is more than that. We hope to fully map the traditional financial market and build a complete “decentralized financial market (DeFi market)”. From swaps to futures and options, interest rates, stocks, foreign exchange, commodities and other asset products are widely used on the chain to meet the needs of position risk balance, liquidity, hedging, leverage, and other investment portfolio and liquidity managements, create long-term value, and exploit the huge potential of the decentralized derivatives market. It will be the most promising part, the core of the entire DeFi ecosystem, and the most difficult part to accomplish and overcome in the DeFi industry.

We have overcome some of the problems-breaking the isolation of the DeFi protocol, and creating a financial product with rich risk-return characteristics – Synbit by making full use of the composability of DeFi. We will continue to explore the depth and breadth of products, redefine the nature of asset management, and meet the needs of professional investment consulting and services. Achieve our grand vision, which is to “combine everything and cross the financial boundary”.

Synbit will release a beta version on the Ethereum Kovan network on December 11. Synbit is a decentralized synthetic asset issuance protocol based on Ethereum smart contracts, allowing users to mint assets and trade financial derivatives in a decentralized manner. Every user who participates in the test and provides feedback will get a certain token incentive. Welcome to join the Synbit community to participate in the test. Specific test-related contents and test incentives will be released on the official Twitter and Discord channel later.

Synbit’s official website:https://www.synbit.io

Twitter:https://twitter.com/SynbitProtocol

Telegram:https://t.me/Synbit

Discord:https://discord.gg/MycR8DK

Looking forward to entering a new world of synthetic assets together with you.

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Press Release

SAP Fioneer Launches Cloud Accounting Subledger to Simplify Multi-GAAP Accounting for Financial Institutions

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Walldorf, Germany, July 30th, 2026, FinanceWire

SAP Fioneer, a leading provider of software solutions for financial services, today announced the launch of its Cloud Accounting Subledger (CAS), a cloud-based solution designed to help financial institutions manage complex accounting requirements and modernize finance operations. 

As financial institutions continue to advance their cloud transformation strategies, many finance organizations remain challenged by fragmented accounting landscapes and increasing regulatory complexity. Multiple accounting systems, disparate processes, and parallel reporting requirements across entities and accounting standards often result in significant reconciliation effort, limited transparency, and higher operational costs. 

“Financial institutions across North America have already made significant progress in cloud adoption, with the vast majority investing heavily in cloud-based architectures. At the same time, many core finance and accounting processes remain fragmented and difficult to modernize,” said Sascha Maric, Managing Director at SAP Fioneer USA. “With Cloud Accounting Subledger, we help institutions address this challenge by providing a unified foundation for managing complex, multi-GAAP accounting in the cloud.” 

SAP Fioneer’s Cloud Accounting Subledger enables financial institutions to manage accounting standards such as IFRS and US GAAP within a single, unified subledger. Purpose-built for AI and by consolidating accounting processes in one environment, the solution helps reduce reconciliation complexity while improving transparency, consistency and auditability across finance and reporting functions. 

Built for SAP S/4HANA Public Cloud, Cloud Accounting Subledger applies a consistent, rule-based accounting approach across portfolios, products and legal entities. This creates a single source of truth for finance, risk and reporting, while enabling closer integration between accounting processes and core finance operations. 

“The launch of Cloud Accounting Subledger marks an important step in the continued expansion of SAP Fioneer’s public cloud portfolio for financial services,” said Frank Hammann, Co-CEO Finance at SAP Fioneer. “By bringing multi-GAAP accounting into a single, SAP-native environment, we help financial institutions to reduce operational complexity and establish a scalable foundation for modern finance operations.” 

About SAP Fioneer  

SAP Fioneer was launched in 2021 as a strategic partnership between entrepreneurial investor Dediq and global technology leader SAP SE to become the leading international digital transformation partner and provider of software solutions and platforms to the financial services industry. With a broad ecosystem of partners, over 1,200 financial services customers and more than 1,500 employees, SAP Fioneer is a global business present in 17 countries across Europe, North and Latin America, Middle East and Asia-Pacific. 

By combining the speed and agility of a start-up with the proven capabilities of a best-in-class enterprise-grade software company, SAP Fioneer enables banks, insurance companies and challengers to run, transform and grow while meeting their need for speed, scalability, and cost-efficiency through digital business innovation, cloud technology, and solutions that cover banking and insurance processes end-to-end. 

Contact

Julia Schwendner
press@sapfioneer.com

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Press Release

Mercury Publishes Global Cold Chain Logistics Performance Benchmarks

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Mercury publishes global cold chain logistics performance benchmarks for healthcare and life sciences shippers, covering transit times, reach, and reliability.

Boston, MA, 30th Jul 2026 – Mercury Business Services, a specialty logistics provider serving the healthcare and life sciences sector since 1984, today released performance benchmarks from its cold chain and parcel operations, reporting a 99.6% success rate on temperature-controlled shipments and a median cold chain transit time of 2.77 days.

The company also reported that customers using the Mercury Portal — its booking, tracking, and proactive monitoring platform — experienced a 39.7% reduction in parcel incidents compared to shipments managed outside the platform.

For laboratories, clinical trial sponsors, and diagnostics companies, a single compromised shipment can mean lost patient samples, delayed study timelines, and irreplaceable research material. Biological specimens, cell and gene therapy products, and diagnostic kits often have narrow stability windows and no second chance at collection.

Benchmark Highlights

  • 99.6% successful cold chain shipments
  • 2.77 days median cold chain transit time
  • 39.7% reduction in parcel incidents for Mercury Portal users
  • 236+ countries and territories served
  • 1,500+ customers served since 2020
  • 40+ years of continuous operation

Mercury attributes the results to a combination of proactive shipment monitoring, healthcare-specific customs brokerage that anticipates country-level documentation requirements before goods move, and 24/7 support teams assigned to individual accounts.

The company’s services span specialty cold chain, discounted parcel, same-day and onboard courier, next flight out, air freight and charter, GMP warehousing and controlled room temperature storage, and customs brokerage. Mercury supports biological specimens, clinical trial materials, pre-clinical research, diagnostic testing kits, pharmaceuticals, medical devices, and regulated documents and records.

About Mercury Business Services

Founded in 1984, Mercury is a logistics provider built specifically for healthcare and life sciences shippers. Mercury delivers hundreds of thousands of shipments each year across 236+ countries and territories, combining a proprietary shipment management portal with dedicated client support teams. The company operates on three principles: Customers First, Relentless Improvement, and Extreme Ownership.

Media Contact

Organization: Mercury Business Services

Contact Person: Christian Gladwell

Website: https://www.shipmercury.com/

Email:
support@shipmercury.com

Address:61 Batterymarch St 1st Floor

City: Boston

State: MA

Country:United States

Release id:47719

The post Mercury Publishes Global Cold Chain Logistics Performance Benchmarks 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

Glasgow Law Firm Reports Increase in Divorce and Separation Enquiries

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Simplicity Legal has recorded a rise in divorce and separation enquiries in the weeks since Scotland supporters returned from the 2026 FIFA World Cup. The increase is based on the firm’s own enquiry data, and the firm notes that most enquiries do not lead to divorce proceedings.

Glasgow, United Kingdom, 30th Jul 2026 – Simplicity Legal, a law firm based in Glasgow, has recorded an increase in divorce and separation enquiries during July 2026. The increase is based on the firm’s own enquiry data and is measured against the enquiry levels the firm would normally expect at this time of year. The firm has not identified a single cause for the rise, and notes that enquiry volumes fluctuate throughout the year.

The period covered by the data follows the return of Scotland supporters from the 2026 FIFA World Cup in the United States. Scotland qualified for the tournament for the first time since 1998. The team played two of its three group matches at Gillette Stadium near Boston, and a third-place finish in Group C was not enough to reach the knockout rounds. Thousands of Scotland supporters travelled to the United States for the group stage in June.

Billy Smith, director at Simplicity Legal, said: “Our enquiry data shows a clear increase in divorce and separation enquiries in recent weeks compared with what we would normally expect during the summer. We are not in a position to attribute the increase to any single cause. Family law firms are used to enquiry levels changing through the year, and January, following the Christmas period, is the best-known example of a seasonal rise.”

He added: “It is worth saying clearly that an enquiry is not a divorce. Most people who contact us at this stage are simply looking for information, and a great many of them never take matters any further. Our advice is always the same. Talk to each other first, and if you want to understand where you stand, seek advice before making any decisions. In Scotland, the rules on finances, property and cohabitation are not always what people assume, and good advice early on saves a great deal of stress later.”

Simplicity Legal offers an initial consultation for anyone seeking advice on separation, divorce or other family law matters. The firm does not provide legal aid.

Simplicity Legal, 34 Woodlands Road, Glasgow G3 6UR Telephone: 0141 471 9166 Website: www.simplicitylegal.co.uk

Notes to editors

  • Simplicity Legal is a Scottish law firm and a trading name of Clarity Simplicity Ltd, which also trades as Complete Clarity Solicitors. The firm has offices in Glasgow, Edinburgh and Dumfries.
  • The firm advises on family law, divorce and separation, conveyancing, wills and estate planning, executry, dispute resolution and commercial matters.
  • The enquiry data referred to in this release is drawn from the firm’s own records for June and July 2026. Supporting figures are available on request.
  • For interviews, further comment or supporting figures, please contact Billy Smith, Simplicity Legal, 34 Woodlands Road, Glasgow G3 6UR. Telephone: 0141 471 9166.

Media Contact

Organization: Simplicity Legal

Contact Person: Billy Smith

Website: https://www.simplicitylegal.co.uk/

Email: Send Email

Contact Number: +441416738305

Address:34 Woodlands Road

City: Glasgow

Country:United Kingdom

Release id:47623

The post Glasgow Law Firm Reports Increase in Divorce and Separation Enquiries 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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