Company: Cathay Financial Holding Co., Ltd.
Company Description: Cathay Financial Holdings, a leader in Taiwan's financial industry, incorporates cutting-edge technologies like blockchain into its services. Its Digital Data & Development Center focuses on using big data and AI to revolutionize financial services, positioning Cathay at the forefront of digital finance transformation in Taiwan.
Nomination Category: Product & Service Categories - Business Technology Solutions
Nomination Sub Category: Digital Asset Management Solution
 Nomination Title: Pioneering STO Platform for Enhanced Financial Services
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the the nominated new or new-version product or service, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: If this is a brand-new product, state the date on which it was released. If this is a new version of an existing product, state the date on which the update was released:
The Cathay STO Trading Management Platform, a joint venture between Cathay Financial Holdings and Cathay Securities, launched on October 2, 2023, marking a significant milestone in the financial sector. This platform represents the first platform in Taiwan specifically designed for STO trading, setting a new industry standard.
- If you are providing written answers for your submission, you must provide an answer to this second question: Describe the features, functions, and benefits of the nominated product or service (up to 350 words):
Total 196 words used.
Cathay Financial Holdings' Digital, Data & Technology, in collaboration with Cathay Securities, has introduced Taiwan's first STO trading management platform. This innovative platform utilizes advanced blockchain technology to transform traditional fundraising, providing secure and efficient virtual asset management.
Key Features and Benefits:
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Innovative Technology: The platform converts traditional securities into digital tokens. These tokens operate on blockchain technology, significantly improving transparency, liquidity, and efficiency. This results in faster transaction settlements, lower operational costs, and increased market accessibility for both investors and issuers.
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Secure Asset Custody: Using a distributed ledger, the platform ensures immutable recording of asset ownership and transactions. It employs private key sharding technology to prevent theft and unauthorized access, greatly enhancing security.
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Enhanced Scalability: The platform operates on a consortium blockchain, which provides strict data access control and robust privacy protection. This design is tailored for financial industry needs and facilitates easier participation by global investors in STOs, thereby broadening potential funding sources.
In 2023, this platform played a crucial role in launching Taiwan’s first-ever STO, thereby pioneering the digital transformation of the financial sector. It offers investors a secure, reliable investment avenue and sets a new benchmark for financial transactions and asset management.
- If you are providing written answers for your submission, you must provide an answer to this third question: Outline the market performance, critical reception, and customer satisfaction with the product or service to date. State monetary or unit sales figures to date, if possible, and how they compare to expectations or past performance. Provide links to laudatory product or service reviews. Include some customer testimonials, if applicable (up to 350 words):
Total 142 words used.
The Cathay STO trading management platform has significantly impacted the market, illustrated by Cathay Securities obtaining Taiwan's first securitized token license and using it to issue the inaugural Deb type STO Token. The platform's initial offering raised $30 million, surpassing our initial expectations and demonstrating robust demand for this innovative financial instrument. This debut STO, offering up to a 5.8% floating interest rate, has attracted substantial investor interest.
Customer feedback and industry response have been exceptionally positive. The platform is praised for its role in enhancing transaction transparency and improving operational efficiency. The incorporation of private key sharding encryption algorithms and the automation of security token issuance, management, and trading have significantly reduced operational costs and security risks. Additionally, the platform's smart contract design, audited and validated by independent third parties, was awarded a gold medal, reflecting its excellence and reliability.
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 128 words used.
In support of our nomination, we have included several key attachments that substantiate the innovative features and market success of our STO trading management platform.
Product Video - STO: Pioneering the New Era of Blockchain
This video provides a dynamic overview of the platform, highlighting its critical features and functionalities. It visually demonstrates the platform’s user-friendly interface, its efficiency in managing STO transactions, and its robust security measures, thereby corroborating our claims of enhancing investor and issuer experiences.
Attachment - Technical Presentation
This presentation offers a deep dive into the technical underpinnings and security protocols of our platform. Detailed explanations of our blockchain infrastructure, encryption methodologies, and the automation process of token issuance and management are included. These details verify our assertions of technological advancement and operational efficiency.
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