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first_img PwC, Merck, and Hashgraph Group pilot cocoa traceability system

The Hashgraph Group, in collaboration with Merck and with consulting and implementation support from PwC Germany, is piloting a cocoa traceability solution. This solution combines Merck's M-Trust physical authentication technology with the TrackTrace digital product passport platform based on the Hedera network, aiming to verify the origin, authenticity, quality, recall requirements, and compliance data of cocoa from farm to consumer.Cocoa is one of the seven commodities covered by the EU Deforestation Regulation (EUDR). According to the rescheduled arrangement reached in December 2025, large operators and traders must fulfill their obligations starting from December 30, 2026, while micro and small operators will be subject to this from June 30, 2027. The solution also aligns with the direction of promoting digital product passports under the EU Ecodesign for Sustainable Products Regulation (ESPR); however, food and feed are currently explicitly excluded from the scope of the ESPR, and for cocoa, EUDR due diligence remains a recent binding requirement.Partners indicate that this framework is not limited to cocoa and can be expanded to areas such as pharmaceuticals, luxury goods, and industrial components in the future. Husen Kapasi, head of PwC Germany's enterprise blockchain business, pointed out that this solution has verifiability and can play a key role in food recalls or compliance investigations.

New Fire Group's asset management scale exceeds 2 billion Hong Kong dollars, Amber's Q2 revenue increased by 38.8% quarter-on-quarter

According to BBX data, global listed companies and leading financial institutions have disclosed the latest developments in digital asset management scale, quarterly earnings performance, and crypto clearing infrastructure in recent days. The core information is as follows:New Fire Group (01611.HK) asset management and trading volume hit a record high, AUM surpassed 2 billion HKD: Hong Kong-listed company New Fire Group disclosed its operating data for August. The group's private banking-level digital asset custodian Bitfire Premium successfully surpassed 200 million USD in asset management scale (AUM), a month-on-month increase of about 30%. The total asset management scale of New Fire Group's global market (including the Japanese site BitTrade) has officially surpassed 2 billion HKD. In addition, the platform's trading volume has exceeded 100 million USD for the second consecutive month, and the over-the-counter (OTC) business continues to expand, currently ranking among the major OTC digital asset trading platforms in Hong Kong.Amber (NASDAQ: AMBR) Q2 revenue 13.9 million USD, turning a profit: Nasdaq-listed company Amber announced its unaudited financial performance for the second quarter of 2026. The company's total revenue for Q2 reached 13.9 million USD, a significant month-on-month increase of 38.8%, with gross margin significantly improved to 79.5%. As a result, its operating income and adjusted EBITDA both turned positive, completely reversing the loss situation of the previous quarter.Digital bank SoFi partners with Kraken to enable 24/7 USD settlement and liquidity: Digital bank SoFi has reached a strategic cooperation with the well-known crypto exchange Kraken. Kraken's parent company Payward will officially join SoFi's USD settlement network "SEN," allowing its institutional clients to break the limitations of traditional bank operating hours, transferring USD and managing liquidity around the clock; at the same time, Kraken will launch the stablecoin SoFi USD issued by SoFi, while SoFi will introduce Kraken Prime as an additional underlying liquidity source for its clients' cryptocurrency trading.Bank-led digital currency network Cari completes 32.5 million USD financing: The digital currency network Cari, designed specifically for the banking industry, announced the completion of a 32.5 million USD first round of external financing. This round of funding comes entirely from traditional banking institutions, including First Horizon Bank, Huntington Bank, Key Bank, M&T Bank, Old National Bank, SouthState Bank, and Glacier Bank. Cari aims to help regional, mid-sized, and community banks fully participate in and establish compliant digital currency infrastructure.
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