AsiaStrategy2026-10-10 00:26:44AsiaStrategy signs MOU with Plume to explore tokenized finance venture for Asia and other non-U.S. marketsNasdaq-listed AsiaStrategy (SORA) said on Oct. 1 that it has signed a non-binding memorandum of understanding with Plume, an open finance platform focused on institutional assets, to explore forming a joint venture. The proposed entity would structure, issue and distribute tokenized financial products for investors in Asia and other markets outside the United States. Under the MOU framework, Plume would contribute tokenization infrastructure, technical capabilities and regulatory qualifications, including registrations and licenses in several jurisdictions, while AsiaStrategy and the broader Sora Ventures network would bring origination, distribution and capital markets access across Japan, South Korea, Hong Kong, Thailand and the UAE. The two sides said they plan to start with products that combine established asset classes with compliant on-chain distribution, though the product scope, structure and launch sequence are still under discussion. No product has been launched or offered to investors at this stage. AsiaStrategy Chairman and Co-CEO Jason Fang said tokenization will become the default method for issuing and holding many financial assets, with Asia moving first.00
Nan Ya Plasti2026-10-08 03:23:17Nan Ya, LS ELECTRIC form joint venture to pursue Taiwan power infrastructure projectsNan Ya Plastics, part of Taiwan’s Formosa Plastics Group, has signed an agreement with South Korean power equipment maker LS ELECTRIC and KHI to launch a joint venture called Nan Ya LS. The new entity is aimed at Taiwan’s power infrastructure market and is meant to move the partners beyond a simple equipment supply relationship. According to The Korea Times, the three parties signed the agreement in Seoul on Tuesday, and LS ELECTRIC disclosed details a day later. Under the ownership structure released by LS ELECTRIC, the joint venture will be held 50% by LS ELECTRIC, 40% by Nan Ya, and 10% by KHI. KHI, a Formosa-backed company established in 2025, was set up to commercialize technology developed by the Korea Advanced Institute of Science and Technology, or KAIST. The partners’ roles are split across commercialization resources, manufacturing and design technology, and local production and engineering links in Taiwan. The company’s initial task will be to build local capabilities for bidding, design, and technical support for Taiwan power projects, while also tapping Nan Ya’s EPC network. LS ELECTRIC said the goal is to upgrade its Taiwan business from equipment sales to project-based orders tied to engineering execution, as the island expands investment in grid upgrades, energy storage, and smart grid infrastructure under its 2050 net-zero targets.00
AsiaStrategy2026-10-06 19:08:38AsiaStrategy and Plume plan joint venture for RWA tokenization outside the U.S.Nasdaq-listed AsiaStrategy (SORA) and blockchain company Plume have signed a non-binding memorandum of understanding to explore a joint venture focused on real-world asset tokenization products for Asia and markets outside the United States. Under the proposed arrangement, Plume would provide tokenization infrastructure, technology, and related regulatory qualifications. AsiaStrategy and its affiliated firm Sora Ventures would handle asset sourcing, distribution, and capital markets channels across Japan, South Korea, Hong Kong, Thailand, and the United Arab Emirates. The two sides said they plan to initially examine products that combine traditional assets with compliant on-chain issuance. Specific products, structures, and launch sequencing are still under discussion, and no product has been issued at this stage.20
Formosa Plast2026-09-30 01:49:31Formosa Plastics Group and Chung Hwa Chemical form JV to target semiconductor-grade sulfuric acidFormosa Plastics Group has moved deeper into higher-value chemicals by teaming up with Chung Hwa Chemical to establish Formosa Chung Hwa Advanced Chemicals Co. The new venture will have paid-in capital of NT$6 billion, with Chung Hwa Chemical holding 50% and four Formosa affiliates sharing the other 50%. Formosa Plastics will own 20%, while Formosa Petrochemical, Formosa Chemicals & Fibre, and Formosa Biomedical Technology will each take 10% stakes. The first-phase plant is scheduled to begin production in December 2028. According to the source report, the facility will be built in two phases and will mainly produce electronic-grade sulfuric acid used in key semiconductor processes such as wafer cleaning and etching. The report said demand for electronic-grade sulfuric acid in advanced process manufacturing in Taiwan is expected to exceed available supply capacity by 2028 as extreme ultraviolet, or EUV, scaling continues. The venture is aimed at ultra-high-purity semiconductor chemicals including EGSA. The companies said capital will be injected in stages based on actual funding needs of the new entity.200
stablecoin2026-09-01 16:04:4721 Major Financial Institutions Including BofA, Citigroup, Goldman Sachs to Form Company for USD StablecoinMore than 20 major financial institutions, including Bank of America, Citigroup, Goldman Sachs, Deutsche Bank, UBS, Fidelity, Wells Fargo, and MUFG, have pledged to jointly establish a new company to issue a U.S. dollar-pegged stablecoin. This move marks a significant entry of traditional finance into the stablecoin space.360
TVB2026-08-10 13:20:29TVB to Set Up JV with Gaw Capital for AI Computing Power ServicesTVB's board announced on Aug. 10 a plan to form a joint venture with Gaw Capital to provide AI computing power services. The two sides would hold 51% and 49% of ordinary voting shares respectively. The project will be rolled out in phases, pending government approval. Funding will come from up to HK$2 billion in equity from Gaw Capital, project bank financing, and TVB's internal resources. TVB says it is seeking government approval and is in talks with CLP Holdings and several international and domestic hardware vendors over electricity supply and GPU procurement. The partners are also building an expert team.1840
OpenAI2026-07-23 23:55:15OpenAI Courts Four Private Equity Giants in $10B Joint Venture to Dominate Enterprise AI and Push Toward IPOOpenAI is in advanced talks with TPG, Advent International, Bain Capital, and Brookfield Asset Management to form a joint venture valued at $10 billion pre-money, with each PE firm investing around $1 billion for preferred equity and board seats. The deal aims to embed OpenAI's enterprise AI into portfolio companies and accelerate an IPO as early as this year.480
ICE2026-07-22 20:20:14ICE and OKX Launch Joint Venture to Bring Tokenized US Stocks to 120 Million Retail UsersICE, parent of NYSE, and crypto exchange OKX announced a 50-50 joint venture to let OKX's 120 million users access ICE futures and NYSE tokenized stocks via a regulated broker-dealer, merging TradFi with crypto.1810
