VICTORIA, Seychelles, May 15, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, proudly participated in the HODL Summit 2025, held on May 14-15 in Dubai. Oliver Stauber, CEO of KuCoin EU, joined distinguished panelists Gracy Chen, CEO of Bitget, Nils Andersen-Röed, Global Head of FIU at Binance, and moderator Nic Watson, Host of Encrypted Podcast, to discuss “Crypto’s Trust Crisis: Navigating Security, Innovation & Adoption Post-Hacks.” During the panel, Oliver emphasized KuCoin’s commitment to security and trust, highlighting the industry’s resilience and unity in the face of challenges.

Strengthening Crypto’s Foundation

“Innovation drives growth, but trust secures the future,” Oliver stated. “Security is the bedrock of KuCoin’s operations, paired with sustainable growth as our guiding principle.” KuCoin balances rapid global expansion with user asset safety through a focus on compliance and cutting-edge technology. The exchange has invested heavily in rebuilding its core systems, ensuring technical excellence and scalability for the long term.

Industry Unity and Resilience

During the panel, Oliver contrasted the crypto industry’s response to security challenges with the 2008 financial crisis. “When Lehman Brothers collapsed, trust among banks evaporated, leading to years of suffering for clients and the broader economy,” he said. “In contrast, when hacks occur in crypto, industry leaders collaborate swiftly. This unity ensures no user or the market as a whole suffers long-term damage, fostering trust from both users and the market.”

Rebuilding for a Secure Future

Oliver shared KuCoin’s proactive approach to security, noting that over the past years, the exchange has undertaken a comprehensive rebuild of its core systems. This initiative focuses on enhancing security protocols, improving scalability, and ensuring reliability to meet the demands of its growing user base while maintaining the highest standards of asset protection. These efforts reflect KuCoin’s commitment to staying ahead of threats and delivering a robust platform for its 40 million users worldwide.

Building Trust in the Crypto Ecosystem

“Exchanges are the backbone of crypto’s future, built on transparency and trust. Our ISO 27001:2022 certification is a testament to our unwavering commitment to security,” Oliver asserted. KuCoin reinforces reliability with maintaining over 100% Proof of Reserves audited monthly by a third party, SOC 2 Type II certification, and the newly earned ISO 27001:2022 certification, announced May 13, 2025, as part of its efforts to build a more secure and trustworthy crypto ecosystem. Further, KuCoin recently announced its $2 billion Trust Project, aiming to set new benchmarks for security and compliance.

With five global regulatory licenses in hand, KuCoin plans to launch compliant platforms in Europe and Australia by late 2025, while expanding the KCS ecosystem to deliver greater value to its global community.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and exceptional user experience. With a connected user base exceeding 40 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.

KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more: https://www.kucoin.com/. 

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In a move that could redefine the future of institutional finance, JPMorgan Chase & Co. (NYSE:JPM) has completed its first test transaction involving tokenized treasuries on a public blockchain. The landmark trial was conducted using Ondo Finance’s testnet and Chainlink’s cross-chain communication infrastructure, pushing the bank further into the evolving world of decentralized finance (DeFi).

This marks a significant milestone in the adoption of blockchain within traditional finance, particularly as major institutions like JPMorgan look to improve payment and settlement systems using smart contract-enabled solutions.

JPMorgan’s First Public Blockchain Transaction

The trial, completed in early May, involved a Delivery versus Payment (DvP) transaction—an established mechanism in financial markets that ensures the delivery of securities only occurs if payment is made. Traditionally, DvP processes rely on fragmented systems and are prone to costly delays.

To overcome these challenges, JPMorgan used Kinexys, its internal blockchain division, to transfer digital payments across two accounts. The payment leg was matched against the asset leg—Ondo’s tokenized Short-Term US Treasuries Fund (OUSG)—on Ondo Chain’s testnet. The asset exchange and payment settlement were orchestrated simultaneously using Chainlink’s (CRYPTO:LINK) interoperability framework.

This is the first time JPMorgan has utilized a public blockchain to settle tokenized treasuries, signifying a growing comfort with decentralized infrastructure in the financial mainstream.

Why Tokenized Treasuries Matter

Tokenized treasuries are digital representations of traditional U.S. Treasury bonds and bills, issued and settled on a blockchain. They combine the safety and stability of government debt with the speed and transparency of decentralized systems.

Ondo Finance noted that traditional financial systems suffer from inefficiencies that lead to delays and settlement failures, which reportedly cost market participants over $914 billion in the past decade. Tokenization of treasuries addresses these pain points by enabling real-time settlement, reducing counterparty risk, and improving back-office operations through automation.

According to Nelli Zaltsman, Head of Platform Settlement Solutions at Kinexys, “By securely and thoughtfully connecting our institutional payments solution with both external public and private blockchain infrastructures, we can offer scalable and efficient solutions for clients.”

Institutional Interest in Public Chains Grows

The successful execution of this transaction highlights a broader trend: major financial institutions are actively exploring public blockchain networks. Traditionally cautious about DeFi due to regulatory and security concerns, banks like JPMorgan, Morgan Stanley (NYSE:MS), and Fidelity Investments are now dipping their toes into the space.

Morgan Stanley is reportedly working on a crypto trading platform for its E*Trade users, while Fidelity recently began testing its own stablecoin, signaling deeper institutional interest in blockchain-based assets.

As Sergey Nazarov, co-founder of Chainlink, stated, “It is becoming increasingly clear to the world’s institutions that they have a large addressable market in the public chain community.”

Market Reaction and Outlook

Despite the groundbreaking nature of the announcement, Ondo’s token (CRYPTO:ONDO) and Chainlink’s token (CRYPTO:LINK) both saw minor declines of around 1% on the day of the announcement, reflecting broader trends in the Real World Asset (RWA) sector, which slipped 0.7%.

Market volatility aside, the successful DvP transaction demonstrates how tokenized treasuries could become a staple of global finance. It opens the door to 24/7 markets, enhanced security, and significantly lower settlement times and costs.

The Future of Tokenized Treasuries

With more institutions experimenting with blockchain, tokenized treasuries may soon move from testnets to live production environments. If adopted widely, this could streamline capital markets and enable greater financial inclusivity.

As JPMorgan’s trial shows, tokenized treasuries are not just a concept—they’re a viable innovation ready to reshape how the world’s largest financial players operate.

With further regulatory support and interoperability improvements, tokenized finance could unlock new efficiencies, attract global participation, and transform how governments and institutions issue, trade, and settle assets.

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Atlanta-based crypto payment processor Bitpay has launched a groundbreaking service called HODL Pay, offering users a way to spend stablecoins without selling their cryptocurrency holdings. With a focus on long-term investors, HODL Pay leverages decentralized finance (DeFi) to unlock liquidity while allowing users to maintain exposure to digital assets.

This new option marks a major milestone in the evolution of crypto payments by letting holders borrow against their assets to make purchases. As adoption grows, HODL Pay could become a key bridge between the crypto economy and traditional commerce.

How HODL Pay Works

At the heart of HODL Pay is a seamless integration between Bitpay and Aave, a popular DeFi lending platform. To use the service, customers must deposit crypto assets as collateral on Aave. Supported networks include Ethereum, Arbitrum, Base, Polygon, and Optimism.

Once assets are deposited, users can borrow stablecoins—like USDC or DAI—directly from the Aave platform. These stablecoins can then be used to settle any Bitpay invoice, including those for:

• Retail purchases
• Travel bookings
• Gift cards
• Bill payments

Whether shopping for everyday goods or larger items, such as vehicles, HODL Pay allows users to access funds without triggering taxable events by selling their holdings.

The Power of HODLing While Spending

The name “HODL Pay” pays homage to the popular crypto slang HODL—a misspelled version of “hold” that has come to represent long-term belief in crypto assets. For users who want to hold onto their Bitcoin (BTC), Ethereum (ETH), or other digital currencies, this service is a game-changer.

By borrowing stablecoins, users can tap into the value of their crypto without relinquishing ownership. This is particularly useful during bull markets, when many prefer to maintain their positions in anticipation of price appreciation.

According to Bitpay Chief Marketing Officer Bill Zielke, “With HODL Pay, Bitpay gives users an innovative way to spend confidently today without giving up their future growth.”

Global Support with No Merchant Setup Required

One of HODL Pay’s biggest advantages is its instant global availability. Any merchant already accepting Bitpay automatically supports HODL Pay—no additional setup or integration is needed.

This frictionless implementation makes the service appealing for merchants seeking to accommodate crypto-savvy consumers. Whether it’s a boutique clothing store or a luxury car dealer, businesses can now accept borrowed stablecoins as easily as they would accept Bitcoin or fiat.

For instance, Nick Dossa of Vegas Auto Gallery noted that the service provides increased flexibility for customers purchasing high-ticket items like exotic cars.

Layer 2 and the Future of Crypto Spending

As blockchain networks seek scalability, layer two (L2) solutions are gaining popularity. Bitpay’s HODL Pay is fully compatible with major L2 chains like Polygon and Arbitrum, ensuring faster, cheaper transactions.

This compatibility supports Bitpay’s broader vision of enabling Web3 payments at scale. By aligning with popular L2 networks, HODL Pay reduces transaction fees and latency, making it viable for more frequent, real-world spending.

What It Means for the Future

HODL Pay isn’t just another crypto lending tool—it’s a potential catalyst for mainstream adoption of decentralized finance. It empowers users to manage wealth strategically while benefiting from real-world utility.

As the DeFi ecosystem matures and regulatory clarity improves, services like HODL Pay could become essential components of a modern financial toolkit. Crypto users get to HODL their assets and still participate in the economy—on their terms.

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SAINT HELIER, Jersey, May 13, 2025 /PRNewswire/ — CoinShares International Limited (“CoinShares” or “the Group”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), a leading global investment company specialising in digital assets, has today published its results for the quarter ending 31st March 2025.

Jean-Marie Mognetti, Chief Executive Officer of CoinShares said:

“Despite the sharp decline in digital asset prices during Q1, CoinShares has demonstrated exceptional operational resilience and strategic discipline. Our proactive approach to market volatility has not only enabled us to remain robust but has also supported continued growth—most notably through our CoinShares Physical platform, which is outperforming peers at an unprecedented pace.

Shifting conditions create opportunities. Our brand strength has positioned CoinShares as the leading provider of crypto ETPs in Europe, attracting sustained inflows and reinforcing our market leadership.

In parallel, we are re-affirming our long-standing objective of securing a U.S. exchange listing. With the US regulatory environment evolving in a more constructive direction, this goal is realistic—further advancing our strategy to extend CoinShares’ presence in the world’s largest and most influential capital market for digital asset firms.”

Q1 2025 financial highlights

• Asset management revenue of $29.6 million (Q1 2024: $24.5 million)
• Capital markets gains/income of $11.9 million (Q1 2024: $14.1 million)
• Principal Investment loss of $1.5 million (Q1 2024: $8.9 million gain)
• Total revenue, gains and other income of $40.0 million (Q1 2024: $47.5 million)
• EBITDA of $29.8 million (Q1 2024: $35.3 million)
• Net profit of $23.8 million (Q1 2024: $41.5 million)

Q1 2025 operational highlights

• CoinShares demonstrated robust performance across its platforms in Q1 2025, with management fees of $29.6m. CoinShares Physical led the European crypto ETP market with $268m in net inflows—triple its closest competitor—despite challenging market conditions that saw Bitcoin decline 12.1% and Ethereum fall 45.2%. While the flagship BITC product attracted $202m after strategically reducing its management fee to 0.25%, and a new partnership with BoursoBank expanded reach to 7m+ French clients, other platforms showed mixed results: XBT improved with reduced outflows of $154m (vs $370m in Q4 2024), the BLOCK Index outperformed peers despite a 13.1% decline, and the US Valkyrie platform experienced $288m in net outflows while maintaining its strong retail base amid broader market corrections that impacted total AuM across all platforms.
  
• CoinShares’ Capital Markets division experienced moderate Q1 performance across all segments, generating gains and other income totalling $11.9m, returning to typical levels following Q4’s exceptional post-election rally when Bitcoin appreciated 50%. Despite Bitcoin‘s 13% decline during the quarter, the Trading Team generated $3.6m from delta-neutral strategies, while liquidity provisioning contributed $1.9m amid cooling bullish sentiment. The company maintained strict credit discipline in its lending portfolio, prioritizing borrower quality over volume and ending with $101m in open loans at 4.2% average yield, while Ethereum‘s 46% decline affected staking revenues, which decreased 26% quarter-on-quarter to $5.6m.
  
• Since its 2021 Stockholm listing, CoinShares has pursued a U.S. exchange listing to enter the world’s largest digital asset market, a goal becoming more viable given recent regulatory improvements. Simultaneously, the company is boosting share liquidity through expanded analyst coverage and institutional roadshows while demonstrating shareholder commitment via the May 6 distribution of its first quarterly dividend for 2024.
  
• Despite recording a $3.0m unrealized loss on the Group’s treasury holdings due to Q1’s pronounced price declines, CoinShares continued building its strategic Bitcoin position, increasing holdings by 45% from 163 to 236 BTC by quarter-end.

Functional & presentation currency change

Effective 1 January 2025, the Group has amended its functional and presentation currency from GBP to USD to more accurately reflect the economic environment in which the Group is operating as it continues to expand.

In accordance with IAS 21 – The Effects of Changes in Foreign Exchange Rates, the change in functional currency has been applied prospectively from the date of change. Accordingly, all items in the financial statements were translated into USD at the exchange rate prevailing at that date. The change in presentation currency has been applied retrospectively. The comparative financial information has been restated as if USD had always been the Group’s presentation currency.

Further information, along with the full detail of the Q1 results, are included within the full report, available here.

Download the Swedish Executive Summary here.  

ABOUT COINSHARES

CoinShares is a leading global investment company specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.

For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | enquiries@coinshares.com
Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com 

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information in this press release has been published through the agency of the contact persons set out below, at 6:30 am CET on 13^th May 2025.

PRESS CONTACT

CoinShares
Benoît Pellevoizin
bpellevoizin@coinshares.com

M Group Strategic Communications
Peter Padovano
press@coinshares.com

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SOURCE CoinShares Group

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Summary

• KuCoin has been awarded the ISO 27001:2022 certification, the Gold Standard of Compliance for Information Security Management System (ISMS), affirming its dedication to safeguarding user assets and data.
• The certification reinforces KuCoin’s $2 billion Trust Project, a long-term initiative to enhance transparency, security, compliance, and responsible innovation across the Web3 industry.
• KuCoin remains committed to continuous improvement, ensuring a secure and trusted trading environment for its global community of over 40 million users.

VICTORIA, Seychelles, May 13, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, proudly announces that it has been awarded the ISO 27001:2022 certification, an internationally recognized Information Security Management Systems standard. This milestone underscores KuCoin’s commitment to the highest information security standards and marks a critical achievement in its $2 billion Trust Project, launched in April 2025 at TOKEN2049 Dubai.

A Benchmark in Information Security

ISO 27001:2022 is a globally recognized information security standard covering organizational management, cybersecurity, application security, endpoint security, encryption, vulnerability management, access control, and other aspects. This certification strengthens our protection of user assets and data, enhancing platform security and reliability. We are committed to continuous improvement, ensuring a secure and trusted trading environment.

A rigorous third-party audit confirmed KuCoin’s adherence to the highest global standards, reinforcing user confidence in our robust security practices.

A Core Component of the $2 Billion Trust Project

KuCoin’s $2 billion Trust Project aims to enhance transparency, security, and compliance in Web3. The ISO 27001:2022 certification is a key milestone, reflecting KuCoin’s focus on user protection and compliance.

“Security and trust are paramount,” said BC Wong, CEO of KuCoin. “This certification, as part of our Trust Project, underscores our commitment to a reliable platform.”

The Trust Project also bolsters the KCS (KuCoin Token) ecosystem, enhancing user incentives and utility to align value with KuCoin’s 40 million users.

Security and Compliance: Pillars of KuCoin’s Vision

KuCoin’s security team, led by industry veterans, employs cutting-edge technologies and protocols to safeguard the platform infrastructure. The ISO 27001:2022 framework institutionalizes these efforts, ensuring systematic risk assessments, continuous monitoring, and rapid incident response capabilities.

The exchange’s data protection practices exceed regulatory requirements across jurisdictions. By integrating ISO 27001:2022, KuCoin reinforces its commitment to a compliance-first approach, aligning with the Trust Project’s focus on legal adherence and cross-border cooperation.

Future Commitment: Continuous Improvement and Expanding Trust

KuCoin will uphold its ISO 27001:2022 certification and pursue additional certifications to strengthen global operations. The $2 billion Trust Project drives investment in advanced security, regulatory collaboration, and user education to set industry benchmarks. Serving over 40 million users in 200+ countries, KuCoin leads the way to a secure, transparent Web3 future.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 40 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.

KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more: https://www.kucoin.com/.

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SOURCE KuCoin

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