Category: Press Releases

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nCino and Salesforce Expand Strategic Partnership to Further Modernize the Financial Services Industry

Leaders in cloud innovation reinforce alliance to provide best-in-class solutions to the financial services industry by extending successful partnership to 2031

Updated commercial terms expected to improve nCino’s subscription gross margins

WILMINGTON, N.C., Dec. 21, 2023 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced an expanded partnership with Salesforce to accelerate the delivery of best-in-class cloud solutions to the financial services industry. This builds on nCino and Salesforce’s long-standing collaboration, established in 2011, to empower financial institutions with digital innovations that increase efficiency, transparency, and reduce risks while driving customer growth and loyalty.

“Our strategic partnership with Salesforce has enabled nCino to transform the financial services industry by providing industry-specific solutions that drive efficiencies, deliver intelligence, and help institutions modernize for a more agile future,” said Pierre Naudé, Chairman and CEO of nCino. “We’re glad to again be expanding our work with Salesforce and are committed to utilizing each other’s strengths to further benefit financial institutions of all sizes around the globe.”

“nCino’s success is a testament to the enormous opportunity in front of ISVs building on Salesforce,” said Brian Landsman, Executive Vice President, Global Technology Partners, at Salesforce. “Salesforce is the world’s #1 AI CRM, trusted by thousands of partners to power purpose-built solutions for highly specialized industries. The expansion of our work with nCino will only accelerate how our customers are reimagining the future of personalized financial services.”

As part of the agreement, nCino will deepen its connectivity to Salesforce platform tools including CRM, powered by AI and automation, and Financial Services Cloud. These innovations will empower financial institutions utilizing nCino and Salesforce to further modernize customer experiences like onboarding, loan origination, deposit account opening, and portfolio management.

The expanded agreement also includes updated commercial terms which are expected to improve nCino’s subscription gross margins, minimum payment commitments from nCino during the first four fiscal years of the term of the extension, and an extension of the term of the agreement to 2031.

About nCino
nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. Through its single software-as-a-service (SaaS) platform, nCino helps financial institutions serving corporate and commercial, small business, consumer, and mortgage customers modernize and more effectively onboard clients, make loans, manage the loan lifecycle, and open accounts. Transforming how financial institutions operate through innovation, reputation and speed, nCino is partnered with more than 1,850 financial services providers globally. For more information, visit www.ncino.com.

Salesforce, Financial Services Cloud and others are among the trademarks of Salesforce, Inc.

nCino Media Contacts
Natalia Moose
press@ncino.com

Safe Harbor Statement
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC’s web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.

GlobeNewswire Distribution ID 9008284

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Richborough Energy Park battery connects to grid on site of former coal plant

pacificgreen-bess-unit

Battery Energy Storage Container

London, Dec. 21, 2023 (GLOBE NEWSWIRE) —  A battery storage project developed by Pacific Green, and owned by the Sosteneo Energy Transition Fund, a fund managed by Milan based investment manager Sosteneo Infrastructure Partners, is now connected and energised on the electricity transmission network following work by National Grid to plug the facility into its 400kV Richborough substation in Kent.

Richborough Energy Park’s 100MW/100MWh battery will boost the capacity and flexibility of the network, helping balance the system by soaking up surplus clean electricity and discharging it back when the grid needs it – with a capability to power 250,000 homes for an hour.

The battery will also provide grid stability services, for example helping to manage voltage and frequency imbalances as renewable generation dips up and down. The facility is managed by Pacific Green under a long term asset management agreement and was Sosteneo’s first acquisition in the UK.

Richborough-Battery-Energy-Park

Richborough Battery Energy Storage Park, UK

To ensure a safe connection, National Grid upgraded its Richborough substation to accommodate new switchgear and installed new protection and control systems on its supergrid transformer, plugging in the project via a tertiary connection – a complex but cost-effective connection type.

Richborough substation already hosts the connection for National Grid’s own 1GW Nemo Link interconnector with Belgium, while Thanet Offshore Wind Farm – the world’s biggest at the time of its launch – also connects into an adjacent substation on the wider Richborough Energy Park site.

The battery will help exploit the clean electricity potential of these and other renewable projects in the region, storing and releasing green energy to power homes and businesses and also helping to relieve any system constraints.

Chris Twomey, COO & Head of Asset Management for Sosteneo said:

“We commend the work of Pacific Green and National Grid in bringing the Richborough Energy Park to life, helping establish our presence in the UK and representing an important milestone for our clients”

Scott Poulter, Chairman & CEO of Pacific Green, commented:

“It’s been a pleasure to work with the National Grid to develop Richborough Energy Park, and we look forward to continuing our relationship with many more projects to come.

“Having taken control of the site in 2021, I’m proud at the speed and efficiency with which my team has steered the project to financial close in summer 2022, first energisation a year later, full energisation last month, and now into commercial operation.”

Stuart Jones, Portfolio Director for the Customer Connection South Region at National Grid Electricity Transmission, said:

“Battery storage has a crucial role to play in delivering a net zero energy system in Britain, so connecting projects like Pacific Green’s at Richborough Energy Park to our transmission network marks key progress on our country’s clean energy journey.

“Given the Richborough site’s history, it’s apt that it’s becoming a pivotal part of our network for the energy transition, with our substation connecting clean electricity projects like batteries and interconnectors – all of which are helping Britain harness increasing volumes of renewable power into the future.”

The Richborough site embodies the energy transition from old to new, occupying land where a coal power station generated electricity from the early sixties through to 1996, and stood until its demolition in 2012.

The former coal plant, with its iconic hyperboloid cooling towers, played an important role powering Britain’s early supergrid, just as the new green technologies on site today will help deliver the country’s net zero ambitions. Richborough was also host to an experimental 1MW wind turbine in the late eighties, which at the time was the UK’s largest.

National Grid started redeveloping the site following the demolition of the coal plant, building the converter station for Nemo Link where the plant’s cooling towers once stood.

The subsequent completion of the Richborough Connection project in 2021 plugged the subsea link into the electricity transmission network via the first major new power line to be constructed in Kent since 1961.

National Grid is investing billions to innovate and evolve the transmission network in England and Wales to support Britain’s net zero goals, notably through The Great Grid Upgrade – the biggest overhaul of the electricity grid in generations.

[end]

Notes to editors

About Pacific Green

Pacific Green is focused on addressing the world’s need for cleaner and more sustainable energy. It offers grid-scale battery energy storage systems, renewable and environmental technologies.

For more information, visit Pacific Green’s website: www.pacificgreen.com

About Sosteneo

Sosteneo is an investment manager that specialises in greenfield infrastructure projects related to the energy transition with the aim of providing an attractive long-term commercial return to clients whilst making an active contribution to the decarbonisation of the global energy system.

Sosteneo invests in a wide range of technologies, spanning clean energy production (such as solar PV and wind), clean energy enablers (such as battery storage and networks), as well as industry decarbonisation projects. The Sosteneo team brings together a wealth of investment management expertise, complemented by a practical, hands-on background in the energy sector. The team’s collective experience dates back to the inception of renewable energy infrastructure as an institutional-grade asset class over 20 years ago.

Sosteneo is part of the Generali Investments ecosystem of asset management firms.

For further information, visit sosteneo.com.

About National Grid in the UK

National Grid sits at the heart of Britain’s energy system. The individual companies in our group run the networks and infrastructure that connect millions of people to the electricity they use every day.

Our regulated businesses own and develop the high voltage electricity transmission (ET) network in England and Wales, and the electricity distribution (ED) network in the Midlands, South West England and South Wales. The electricity system operator (ESO) is the legally separate (and in the process of becoming fully independent) arm of our group which manages supply and demand on Britain’s electricity transmission networks. Operating separately from these core regulated units, National Grid Ventures (NGV) focusses on competitive markets, investing in energy projects, technologies and partnerships such as electricity interconnectors.

Attachments

Contact for media information only

Pacific Green
media@pacificgreen.com

Sosteno
media@sosteneo.com

National Grid Electricity Transmission
Alex Roache
+44 (0)7843 802 006
alex.roache@nationalgrid.com

GlobeNewswire Distribution ID 9008254

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Fluence Stands by its Work on the Diablo Plant, and Will Vigorously Pursue the Payments it is Owed for its Work and Dispute the Allegations in the Counterclaim Filed by the Operator of the Plant

ARLINGTON, Va., Dec. 20, 2023 (GLOBE NEWSWIRE) — Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products and services, and optimization software for renewables and storage, became aware of an article published today by Energy Storage News reporting that Fluence is the defendant in a counterclaim relating to its contract with Diablo Energy Storage, LLC. This information was disclosed in our recent Annual Report on Form 10–K for the fiscal year ended September 30, 2023 filed on November 29, 2023 with the Securities and Exchange Commission (the “SEC”).

The article only focuses on the counterclaim which was filed in reaction to Fluence’s original claim against Diablo Energy Storage, LLC (“Diablo”), even mentioning the law firm which filed it. Fluence’s original claim was for Diablo’s failure to comply with the terms of their contract, including payment of the remaining balance owed to Fluence and for other related damages. Instead of discussing Fluence’s position, set forth in its complaint, the article focused on the counterclaim.

Fluence is pleased with the work it accomplished on the Diablo Plant, which is the subject of the complaint, and it wants and expects to be paid for its work. Fluence believes the counterclaim is without merit, and Fluence will vigorously pursue its affirmative claims as well as defend against the claims by the defendant Diablo Energy Storage, LLC.

Additional details are available in Fluence’s Annual Report on Form 10-K for the fiscal year ended September 30, 2023 filed on November 29, 2023 with the Securities and Exchange Commission and available on the company’s website. There have been no material developments in the litigation since the filing of the 10-K.

About Fluence

Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader in energy storage products and services, and optimization software for renewables and storage. With a presence in 47 markets globally, Fluence provides an ecosystem of offerings to drive the clean energy transition, including modular, scalable energy storage products, comprehensive service offerings, and the Fluence IQ Platform, which delivers AI-enabled SaaS products for managing and optimizing renewables and storage from any provider. The Company is transforming the way we power our world by helping customers create more resilient and sustainable electric grids.

For more information, visit our website, or follow us on LinkedIn or Twitter. To stay up to date on the latest industry insights, sign up for Fluence’s Full Potential Blog.

Forward-Looking Statements

The statements described herein that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, Fluence’s plans regarding such active litigation matters. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “may,” “possible,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” or “continue” or the negative of these terms or other similar expressions and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, such factors set forth under Item 1A.“Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2023, filed with the SEC on November 29, 2023, and in other filings we make with the SEC from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law.

Media Contact
Shayla Ebsen, Director of Communications
Email: media.na@fluenceenergy.com
Phone: +1 (605) 645-7486

Analyst Contact
Lexington May, Vice President Finance & Investor Relations
Email: investorrelations@fluenceenergy.com
Phone: +1 (713) 909-5629

GlobeNewswire Distribution ID 9008223

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[INVNT GROUP]™, the Global Brand Storytelling and Marketing Agency Portfolio, Marks a New Era in Global Expansion with Significant Advances in United Arab Emirates (UAE)

From Expo2020 Dubai, to Audi, and technological world-firsts at COP28, the agency portfolio is powering immersive brand activations, campaigns and strategies, engaging local audiences, leaders, and the international community throughout the region

Dubai, United Arab Emirates, Dec. 20, 2023 (GLOBE NEWSWIRE) — [INVNT GROUP] THE GLOBAL BRANDSTORY PROJECT™ strengthens its commitment to EMEA and the UAE, growing it’s local Dubai team and full-service, integrated, strategic, and experiential marketing services to partners and clients including PepsiCo (Aquafina, Gatorade, Lay’s, Rockstar Energy), Audi, COP28, Emirates Airline, and more.

The group represents a growing portfolio of complementary disciplines designed to help forward-thinking challenger brands everywhere, impact the audiences that matter, both globally and locally.

[INVNT GROUP] established its presence in the UAE with the architecting of three interactive, award-winning PepsiCo pavilions at Expo 2020 Dubai (2021), which featured activations with hall-of-fame athletes Lionel Messi, Serena Williams, and Usain Bolt, welcoming over 24 Million people across 6 months. The success of the global gathering led to the INVNT-produced launch event of PepsiCo’s Rockstar Energy, a market-first in the region, setting the stage for a series of milestone campaigns and projects including: COP28 in Dubai, Audi’s Investor Gala at the Geneva International Motorshow in Qatar, and the Emirates Airline debut of their industry first, immersive experience employee training platform, MIRA, at the Dubai Air Show.

For COP28, INVNT designed, produced, and project managed a series of activations, seamlessly integrating the traditionally separate Blue and Green Zones into a comprehensive experience at the repurposed Expo city site, accommodating for a daily crowd of 70,000 attendees.

INVNT’s activations at COP28 included:

  • The “Tree of Life”: A world-first, interactive, Artificial Intelligence powered digital art installation and contemporary symbol of environmental sustainability, educating attendees about the key themes and topics of COP28. The AI-generative art experience allowed for individuals to pledge commitment to global environmental sustainability.
  • The Stella McCartney Marketplace: An experience spotlighting product displays and information on the LVMH brand’s unwavering commitment to sustainability and conscious luxury movement.
  • One World One Humanity: A large-scale interactive entertainment performance using human-driven, larger-than-life characters to deliver a narrative inspired by COP28’s central message: “UNITE. ACT. DELIVER”, while celebrating our planetary connection through a unified lens.
  • The CNN x United Nations Foundation Exhibition: An educational immersive experience focusing on the climate crisis’s impact on gender inequality, displaying powerful film and imagery captured by Global South female photojournalists.
  • “Energy for Health” Activation (collaboration between the World Health Organization, Selco Foundation, and UNICEF): An immersive educational experience highlighting the importance of solar energy in delivering medical services to remote regions, showcased through compelling films and innovative technical solutions.

“Our investment across global geographies and the rapidly expanding UAE market, has endowed us with a specialized expertise, where innovative storytelling and technological mastery are not just aspirations but realities. Through projects like COP28, Expo 2020 Dubai, Emirates’ MIRA and others, our global team has immersed itself in the vibrant UAE ecosystem, where technology serves a cornerstone of society – reshaping our social fabric and global economy. We are not mere participants in this transformative era; we are leading the storytelling narratives, that elevate and define brands throughout the region and beyond, on the global stage. Through our commitments to impact driven marketing and audience engagement, we continue to deliver world class experiences, cultivating new strategic partnerships, and offering unparalleled value to our clients, partners, and stakeholders. Our mission is to weave a panoply of global communities, guided by the vision that creativity and technology are the lodestars of our collective future,” said Scott Cullather, President & CEO of [INVNT GROUP] and CEO of INVNT.ATOM.

The group has also grown its local partnerships and teams across various business units including INVNT™ the live brand storytelling agency, and INVNT.ATOM™, the digital innovation and Web3 agency based in Singapore. INVNT.ATOM recently launched BZAR™, the group’s patent-pending, self-funded, content-led immersive digital platform, built exclusively for brands and fans.

INVNT.ATOM – in partnership with AWS (Amazon Web Services) and other tech partners – powered the Dubai Airshow debut of Emirates Airlines’ immersive employee experience platform ‘MIRA’, which uses extended reality (iXR) to train new joiners and will revolutionize employee training. VR offers realistic simulations, providing hands-on experience without the physical constraints, enhancing how skills are taught and learned through greater consistency of message, increased engagement, and retention, while offering safe and scalable training environments redefining the future of employee learning.

“In today’s rapidly evolving global landscape, our focus across the group is squarely on engaging both global and local audiences through immersive brand storytelling. We’re not just expanding our reach in the UAE and world at large, we’re redefining frontiers of engagement by creating experiences that resonate universally while honoring local narratives and cultures; inspiring new dialogues, fostering connection, and pioneering alongside brands looking to reach new plateaus of audience engagement. We are committed to pushing the boundaries of what’s possible, challenging everything, and leveraging the power of next-generation creativity and technology to build bridges between diverse communities and creating a truly global impact,” said Kristina McCoobery, CEO of INVNT and COO of [INVNT GROUP].

At the Geneva International Motorshow, INVNT partnered with Audi to produce the Investors Gala and Dealer Event in the National Museum of Doha (Qatar), unveiling the future of automotive innovation, and showcasing the company’s 2024 advancement strategy in the UAE and beyond.

“We are committed to deepening our connections and partnerships with brands, organizations, and the local UAE community. Our team blends global vision with local insights and tactics, ensuring our initiatives resonate meaningfully in the region. This approach allows us to contribute positively to the region’s growth while embracing and learning from its technological ethos and rich cultural heritage,” said Farah Hindiyeh, Managing Director of INVNT Dubai. 

###

ABOUT [INVNT GROUP]
[INVNT GROUP] THE GLOBAL BRANDSTORY PROJECT™ is a growing portfolio of complementary disciplines designed to help forward-thinking organizations everywhere, impact the audiences that matter, anywhere, with offices in New York, London, Sydney, Singapore, Dubai, San Francisco, Mumbai , Stockholm, Detroit, and Washington D.C. Led by President and CEO, Scott Cullather, [INVNT GROUP]™ was established as a growing evolution of the live global brand storytelling agency INVNT™, with a vision to provide engaging, well-articulated, impactful brand stories across all platforms.

The GROUP consists of: modern brand strategy firm, Folk Hero™; creative-led culture consultancy, Meaning; production studio & creative agency, HEVĒ™; events for colleges and universities, INVNT Higher Ed; digital innovation division, INVNT.ATOM™; creative multimedia experience studio, Hypnogram™; ITP Live (Any Venue Video, Thunder Audio, In Sync), portfolio of full-service production for live entertainment; and the original live global brand storytelling agency, INVNT.

For more information visit www.invntgroup.com

Attachment

Jhonathan Mendez de Leon
[INVNT GROUP]
Jmendezdeleon@invnt.com

GlobeNewswire Distribution ID 9008009

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Wecan is Now Listed on Bitstamp, One of the World’s Most Prestigious Exchanges

LUXEMBOURG, Dec. 20, 2023 (GLOBE NEWSWIRE) — Today, with great pride, we announce the listing of the WECAN Token on Bitstamp, one of the world’s most renowned exchanges. This marks a significant milestone for Wecan Group, positioning the token at the heart of the global financial landscape.

After a successful presale raising $1.9 million, the listing on Bitstamp represents a highly anticipated moment at the end of this year. The company has already brought together more than 13 private banks and 100 financial intermediaries, collectively managing assets exceeding $1.8 trillion.

The strategic decision to list the WECAN Token on Bitstamp comes just before major events such as Bitcoin’s halving, announcements of ETFs by international financial giants like BlackRock, and other significant developments in the sector. WECAN is positioning itself as the institutional token of choice, offering a robust and reliable solution for institutional investors and financial market players.

At the same time, Bitstamp is becoming a Wecan Group customer to facilitate onboarding for banks, financial intermediaries and their end customers.

“As market maturation continues to attract institutional investment, listing the WECAN Token as a secure and efficient digital asset is another step towards ensuring the development and widespread adoption of crypto,” said Jean-Baptiste Graftieaux, CEO of Bitstamp. “As such, we’re delighted to develop our partnership with Wecan Group, who share our commitment to transparency and security, alongside building credibility in our ever-expanding industry.”

“Wecan is honored to be listed on Bitstamp, a platform that epitomizes excellence and credibility in the world of cryptocurrency,” says Vincent Pignon, CEO of Wecan Group. “This milestone reflects our commitment to transparency, security, and innovation in the global financial sector.”

The WECAN Token, as an institutional token, provides a secure and efficient platform to facilitate large-scale financial transactions. With a strong financial backing and an expanded network of partner institutions, Wecan continues to strengthen its position as a key player in the evolution of the global financial landscape.

For more information on the WECAN Token and its listing on Bitstamp, please visit our website at https://wecangroup.ch/wecan-token/.

About Wecan
Wecan is an innovative company in the blockchain field. With the support of more than 13 private banks and 100 financial intermediaries managing over $1.8 trillion in assets, Wecan is committed to redefining standards of security and efficiency in the global financial sector.

More info is available at https://wecangroup.ch/
Wecan Media Contact: contact@wecangroup.ch

About Bitstamp
Bitstamp is the world’s longest-standing cryptocurrency exchange, continuously providing safe and open access to crypto since 2011. With a proven track record and mature approach to the industry, Bitstamp provides a secure and transparent trading venue to over five million individuals and is the preferred choice for a range of institutional clients seeking a trusted partner to participate in crypto markets. Bitstamp is a sector leader in both security and compliance, with more than 50 licences and registrations secured with financial regulators across the globe.

More info is available at bitstamp.net
Bitstamp Media Contact: Europe – Pagefield PR, bitstamp@pagefield.co.uk

GlobeNewswire Distribution ID 1000905065

Posted on

Wecan is Now Listed on Bitstamp, One of the World’s Most Prestigious Exchanges

LUXEMBOURG, Dec. 20, 2023 (GLOBE NEWSWIRE) — Today, with great pride, we announce the listing of the WECAN Token on Bitstamp, one of the world’s most renowned exchanges. This marks a significant milestone for Wecan Group, positioning the token at the heart of the global financial landscape.

After a successful presale raising $1.9 million, the listing on Bitstamp represents a highly anticipated moment at the end of this year. The company has already brought together more than 13 private banks and 100 financial intermediaries, collectively managing assets exceeding $1.8 trillion.

The strategic decision to list the WECAN Token on Bitstamp comes just before major events such as Bitcoin’s halving, announcements of ETFs by international financial giants like BlackRock, and other significant developments in the sector. WECAN is positioning itself as the institutional token of choice, offering a robust and reliable solution for institutional investors and financial market players.

At the same time, Bitstamp is becoming a Wecan Group customer to facilitate onboarding for banks, financial intermediaries and their end customers.

“As market maturation continues to attract institutional investment, listing the WECAN Token as a secure and efficient digital asset is another step towards ensuring the development and widespread adoption of crypto,” said Jean-Baptiste Graftieaux, CEO of Bitstamp. “As such, we’re delighted to develop our partnership with Wecan Group, who share our commitment to transparency and security, alongside building credibility in our ever-expanding industry.”

“Wecan is honored to be listed on Bitstamp, a platform that epitomizes excellence and credibility in the world of cryptocurrency,” says Vincent Pignon, CEO of Wecan Group. “This milestone reflects our commitment to transparency, security, and innovation in the global financial sector.”

The WECAN Token, as an institutional token, provides a secure and efficient platform to facilitate large-scale financial transactions. With a strong financial backing and an expanded network of partner institutions, Wecan continues to strengthen its position as a key player in the evolution of the global financial landscape.

For more information on the WECAN Token and its listing on Bitstamp, please visit our website at https://wecangroup.ch/wecan-token/.

About Wecan
Wecan is an innovative company in the blockchain field. With the support of more than 13 private banks and 100 financial intermediaries managing over $1.8 trillion in assets, Wecan is committed to redefining standards of security and efficiency in the global financial sector.

More info is available at https://wecangroup.ch/
Wecan Media Contact: contact@wecangroup.ch

About Bitstamp
Bitstamp is the world’s longest-standing cryptocurrency exchange, continuously providing safe and open access to crypto since 2011. With a proven track record and mature approach to the industry, Bitstamp provides a secure and transparent trading venue to over five million individuals and is the preferred choice for a range of institutional clients seeking a trusted partner to participate in crypto markets. Bitstamp is a sector leader in both security and compliance, with more than 50 licences and registrations secured with financial regulators across the globe.

More info is available at bitstamp.net
Bitstamp Media Contact: Europe – Pagefield PR, bitstamp@pagefield.co.uk

GlobeNewswire Distribution ID 1000905065