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

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.
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
TechCurrent Updates Money20/20 USA 2026 Research with 452 Sponsor Records and Downloadable Dataset
Updated October 8 research covers 19 sectors, sponsor tiers, published locations, websites and LinkedIn links.
Las Vegas, California, October 8, 2026, ZEX PR WIRE — TechCurrent, an independent B2B technology research publication, has updated its Money20/20 USA 2026 sponsor analysis using 452 public sponsor-directory profiles. The update replaces an earlier 312-record snapshot and includes a downloadable company-level CSV.
Payments & Payments Technology accounts for 104 records (23.0%), followed by Software / IT / Cloud Services with 90 (19.9%). Combined, they represent 194 of the 452 sponsor records, or 42.9%. The third-largest group, Data, Analytics & AI, has 67 records (14.8%). These three directory categories together account for 57.7%.
What the updated research includes
- The snapshot covers 452 distinct displayed company names and sponsor profile URLs across 19 organizer-defined sectors. Entries may include separate brands or subsidiaries, so they should not be read as 452 independent corporate groups.
- Five selected infrastructure categories — payments, software/IT/cloud, banking, regulatory technology and cybersecurity — account for 272 records (60.2%). This is an editorial grouping, not a measure of sector demand.
- Public profiles list event locations for 388 records, company websites for 422 and LinkedIn pages for 402. The downloadable CSV keeps missing fields blank rather than guessing.
The report lists six organizer-defined sponsorship tiers and links to official profiles. Its earlier 312-record snapshot remains a dated baseline; the expanded capture does not prove new sponsor registrations or market growth.
Practical reference for fintech event research
Financial technology leaders, attendees and researchers can use the report to compare categories and locate sponsors. Readers should verify vendor products and event locations with official sources.
Read the full Money20/20 USA 2026 sponsor analysis and download the 452-record CSV, including sector breakdowns, methodology, source coverage and limitations: https://techcurrent.co/articles/money2020-usa-2026-exhibitor-dataset-analysis/
About TechCurrent
TechCurrent publishes B2B technology research, industry event intelligence, company profiles and curated shortlists across fintech, AI, software and enterprise technology. Its research uses dated public sources and states its methods and limitations.
Website: https://techcurrent.co/
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
DATA Network joins Sui and Walrus to scale the supply chain for AI training data
Palo Alto, United States, October 12th, 2026, Chainwire
Trace, the onchain registry for rights-cleared AI training data with more than 250 million verifiable receipts, brings its training data to Sui and Walrus to power the next generation of AI models.
Sui Foundation and The DATA Foundation today announced that the DATA Network and its Trace registry are joining the Sui stack, bringing a live supply of rights-cleared AI training data onto the infrastructure Sui has built for AI workloads. Walrus, the data platform with integrity proofs anchored on Sui, becomes the default storage layer for applications operated by DATA Foundation. Separately, the DATA Network will be upgraded to run as a protocol natively on Sui.
The upgrade gives AI labs a single place to source real-world training data they are allowed to use, with its provenance recorded by Trace and the original file stored and access-controlled on Walrus.
The data AI needs next
The next generation of AI models is constrained by access to real-world data. The open internet has been scraped, and the data that comes next must be sourced from people, with consent and with provenance that regulators and legal teams will accept. The EU AI Act and ongoing litigation over training data have made provenance a procurement requirement for labs.
The data those models need sits with people rather than on the open web: a nurse describing a patient’s night in her own words, a dashcam recording of a rainy commute in Jakarta, a factory technician’s hands as they diagnose a fault, or a customer call conducted in Bengali. It is personal and often regulated, and it belongs to the people who generated it.
Trace, launched by DATA Foundation in June as an onchain registry for AI training data, was built for exactly this kind of data. It records the origin of each contribution and the rights attached to it, and settles payment to the person who contributed it. It has registered more than 250 million contributions since launch and now processes over 3M receipts per day on average. Applications writing to Trace include Kled, the largest opt-in human data marketplace with over 1.5 billion records being onboarded, along with Numo and Oto, applications that already license data to frontier AI labs and robotics companies.
Why Sui and Walrus
Sui represents every asset as a programmable object, allowing datasets and their licenses to be managed onchain like tokens. Independent transactions execute in parallel and settle in under a second, making the network capable of handling millions of daily registrations. Walrus extends this capability to large files: it stores massive AI datasets efficiently and ensures data is only readable by licensed buyers. No other network offers storage, access control, and ownership tracking built natively into a single ecosystem, together with verifiable compute.
Trace now adds a flagship supply of rights-cleared data, with existing demand from the AI labs that license it today. The result of the integration will be stronger provenance guarantees and tamper evidence. Today a Trace record proves that a file was registered and when, and with Walrus, Trace will be able to hold an encrypted, immutable copy of the contributed file itself as a reference guarantee. The hash of the record can be regenerated from the data itself rather than from metadata an application supplied, and any later processing of the file can be checked against the original.
The upgrade is backed by a long-term strategic investment. Sui Foundation is investing $30 million in the DATA Network, establishing the largest institutional stake in the network, alongside the continuing holdings of PIP Labs and the DATA Foundation. Furthering the alignment, SY Lee, Chairman of Poseidon and CEO of PIP Labs, joins Sui Foundation as Strategic Advisor.
The protocol upgrade
DATA Network will be upgraded to run as a protocol natively on Sui, and its independent chain will be retired. $DATA continues as the token of the DATA protocol on Sui, carried over one-to-one, with holder economics and governance rights at least equivalent to today. Locked and vesting positions carry over unchanged. In parallel, Walrus becomes the default storage layer for DATA Foundation applications.
Adeniyi Abiodun, Co-Founder and Chief Product Officer at Mysten Labs, the original contributor to Sui and Walrus, said: “The AI industry has reached the point where the open internet has been read, and the next frontier is defined by access to datasets with the consent and provenance that regulators require. Sui and Walrus were built to be the home where AI data is stored, licensed, and paid for, capable of operating at the scale these systems demand. The migration of DATA Network and Trace to our stack now brings massive volumes of high-quality, rights-cleared data that is already serving the world’s frontier AI labs.”
SY Lee, Chairman of Poseidon and CEO of PIP Labs, said: “The next generation of AI will be trained on data that lives with people rather than on the open web, and that data needs consent and provenance built in, along with a way to pay the people it comes from, and Trace was built to be that layer. It now becomes part of the Sui stack alongside Walrus, backed by one of the strongest engineering organizations in the industry and with Sui Foundation as the network’s largest strategic holder. This is the right home for the network we built, and I am looking forward to helping Sui make it the data layer for AI.”
Andrea Muttoni, CEO of DATA Foundation, said: “Training data is critical for continuously expanding the frontier, and making sure it is traceable, auditable and cleared to use is just as important for AI safety as it is a precursor for data quality. With Trace, we have been tracking hundreds of millions of data assets. Joining forces with Sui now allows us to build out more of the stack, offering more than just an audit trail, like encrypted reference file storage and potentially fully verifiable TEEs for evals and fine tunings in the future.”
The existing DATA Network will continue to operate until the upgrade is complete, and a detailed timeline and holder transition plan will be published prior to the upgrade.
About DATA Foundation
DATA Foundation supports the DATA Network, the protocol for tracking provenance of the real-world data AI models need. Through Trace, each contribution is registered with its provenance receipt and a full audit trail. Applications building on the network include Kled, Numo, Oto, and others. Formerly Story Foundation, the organization refocused on AI training data in June 2026. The DATA Network is being upgraded to run as a protocol on Sui.
About Sui
Sui, where money moves as freely as messages, is a next-generation Layer 1 blockchain built for onchain finance and agentic infrastructure. Founded by the core team behind Meta’s stablecoin initiative and powered by an object-centric model, Sui makes assets, permissions, and user data programmable and verifiable. Sui’s primitives offer everything necessary to create high-performance finance and AI-native applications. Learn more at sui.io.
About Walrus
Walrus is the data platform built for the demands of AI. It lets builders, enterprises, and AI agents move data across apps and models, protect it with built-in access rules, and make it verifiable by anyone. As AI takes actions with consequence, the data it runs on has to be provable. Created by the cryptographers and distributed systems engineers behind Sui and Meta’s first stablecoin initiative. walrus.xyz
Media contacts
DATA Foundation: datafoundation@150bond.com
Sui Foundation: comms@sui.io
Contact
Head of Communications
HV
DATA Foundation
henri.vues@piplabs.xyz
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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
The World’s Best Magazine Releases Issue 16 – October 2026 Edition, Excellence in Action

Australia, 10th Oct 2026, Grand Newswire –
The World’s Best Magazine has released Issue 16, the October 2026 edition, under the theme Excellence in Action: Where Knowledge, Leadership and Human Potential Shape a Better Future.
The edition examines leadership, education, wellness, health and human performance, focusing on how knowledge is applied, how learning approaches evolve and how innovation informs professional practice.
Four cover stories address these subjects. Future-Shaping Excellence examines how approaches to excellence respond to changing circumstances and emerging opportunities. Leaders Turn Expertise Into Action considers the application of professional knowledge in leadership and decision-making.
Rethinking How We Learn explores approaches to learning and the role of adaptation in education and development. On Wellness, Health & Human Performance: Ethical and Effective Innovations examines innovation in health and human performance, including the consideration of ethics and effectiveness.
Across its cover stories and interviews, Issue 16 considers how knowledge, experience and learning inform decisions and practices across different fields. The edition brings these subjects together under the theme of applying expertise and developing human capabilities.
The October 2026 edition forms part of The World’s Best Magazine’s coverage of people, ideas and work across professional and creative fields. More details about this announcement can be found via the website of The World’s Best Magazine.
About The World’s Best Magazine
The World’s Best Magazine is a publication featuring interviews, articles and cover stories about people, ideas, work and developments across a range of fields. Its editorial coverage includes leadership, education, business, health, creativity and human potential. The magazine publishes editions that examine the experiences, practices and ideas shaping professional and creative activities.
Media Contact
Organization: The World’s Best Magazine
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Email:
info@theworldsbestmagazine.com
Country:Australia
The post The World’s Best Magazine Releases Issue 16 – October 2026 Edition, Excellence in Action
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It is provided by a third-party content provider. Grand Newswire makes no
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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.
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