Friday, August 14, 2026

Bitget Institutional Launches $300 Million Project Archimedes to Back Quant Firms and Asset Managers

The initiative will boost institutional trading firms' scale strategies, improve capital efficiency and access emerging opportunities across digital assets and tokenized markets.

VICTORIA, Seychelles - Thursday, 13. August 2026

 

(GLOBE NEWSWIRE) -- Bitget, the world's largest Universal Exchange (UEX), has launched Project Archimedes, a $300 million institutional capital program for quantitative trading firms, asset managers and market makers.

With the vision of backing minds that move markets, Project Archimedes will support firms at different stages of growth through two programs:

  • Capital Provider Program ($100 million): Allocated to accelerate emerging and growing quantitative firms running market-neutral strategies. Bitget will provide capital, with returns shared under an agreed structure and risk framework.
  • Interest-Free Lending Program ($200 million): Available to established institutions with mature strategies and existing trading scale. Eligible firms can access interest-free capital by meeting defined trading volume or position requirements, reducing funding costs while increasing the capital available to their strategies.

Institutional trading is entering a period where access to capital, execution quality and risk control increasingly determine which strategies can scale. Arbitrage returns across established crypto markets have tightened as competition has increased, leading quantitative firms to explore market structures such as basis spreads, funding-rate differences and tokenized assets.

"Strong strategies often reach a point where talent is no longer the constraint but capital might," said Gracy Chen, CEO at Bitget. "Project Archimedes gives capable teams the acceleration it needs to scale, while aligning capital, risk and execution around sustainable performance. Our goal is to boost over fifty projects in the next six months with this capital."

The program takes its name from Archimedes’ principle that the right fulcrum can move the world. For institutional trading firms, capital provides that fulcrum, while product structure and infrastructure determine how effectively it can be used.

Tokenized US stocks offer one example. Arbitrage opportunities can arise from differences in basis and funding rates across spot and derivative markets. These strategies typically require firms to maintain positions on both sides of a trade, which can tie up margin across separate accounts.

Under Bitget’s Unified Account, eligible rToken spot positions can serve as collateral for derivatives trading without requiring transfers between accounts. This structure allows institutions to maintain tokenized stock exposure while deploying related contract strategies through the same account, improving the use of available capital. Weekend collateral valuation follows the underlying stock’s Friday closing price, providing a fixed reference while traditional US markets are closed.

Project Archimedes will focus initially on market-neutral strategies with established operating histories and measurable risk controls. Participating institutions will undergo strategy assessment, due diligence and drawdown reviews.

The program is structured as a long-term capital cooperation framework with rolling admissions and phased deployment. Bitget Institutional plans to disclose program developments over time, including participation figures, deployed capital and strategy distribution. Product specifications, market-structure research and institutional case studies will provide further insight into how participating firms use capital and trading infrastructure.

Project Archimedes also supports Bitget Institutional's broader role as a capital partner with market insight, connecting firms with liquidity, unified trading infrastructure and an international institutional network. Through capital allocation and interest-free lending, the program aims to help emerging teams establish stronger foundations and enable mature institutions to convert proven strategies into greater trading scale.

About Bitget

Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 500+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships such as MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.

For more information, visit: Website | X | Telegram | LinkedIn | Discord

For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0a56e2e0-f1de-4548-9f53-2892bb7af7ca


TVS Motor Accelerates Global EV Expansion With TVS iQube Launch in Kenya, the First Indian OEM to Introduce a Premium Electric Scooter in Africa

NAIROBI, Kenya - Thursday, 13. August 2026

(BUSINESS WIRE) -- In line with its commitment to sustainable mobility on a global scale, TVS Motor Company (TVSM), part of TVS VENU, a leading global manufacturer of two and three-wheelers, has launched its premium electric scooter, the TVS iQube, in Kenya, its first entry into Africa market. Designed for the modern rider, the TVS iQube sets new benchmarks in performance, comfort, safety, and build quality.

"The TVS iQube in Kenya marks our entry into the African EV market and reflects our continued focus on expanding innovative electric solutions across international markets. It’s a key milestone in our growth journey,” said Peyman Kargar, President, International Business, TVS Motor Company.

The TVS iQube combines high performance with superior comfort. Delivering a peak power of 4.6 kW (on par with a 125cc scooter), it accelerates from 0–40 km/h in just 4.2 seconds. Its advanced lithium-ion battery ensures durability and long-lasting performance.

“While the overall African two-wheeler market is growing at 7-10% CAGR through 2030, the electric two-wheeler market is growing much faster, with forecasts ranging from 15%-25% CAGR through 2030-31. EV penetration’s still low relative to the size of the industry and the runway promises to be extremely long,” added Vijay Gidoomal, CEO, Car & General.

With over 1 million customers, TVS iQube has been collectively ridden for more than 17.81 billion kilometres, helping avoid 6,23,595 tonnes of CO₂ emissions, equivalent to planting 25 million trees, underscoring the tangible impact that electric mobility can create at scale.

The two model variants:

Specifications
    

TVS iQube 3.5
    

TVS iQube 2.2

Peak Power
    

4.6 kW
    

4.6 kW

No. of Batteries/Type
    

Two / Lithium-Ion
    

One / Lithium-Ion

Battery Capacity
    

3.5 kWh
    

2.2 kWh

Range Per Charge
    

Real world range of 115 kms.
    

Real world range of 75 kms.

Top Speed
    

82 km/h
    

75 km/h

Acceleration 0-40 km/h
    

4.2 s
    

4.2 s

Parking Assist
    

Reverse / Forward
    

Reverse / Forward

Peak Torque
    

140 Nm
    

140 Nm

Safety
    

BMS-Controlled Protection System & IP67 Waterproofing
    

BMS-Controlled Protection System & IP67 Waterproofing

Cluster
    

5” Digital Cluster
    

5” Digital Cluster

Charging Duration (0-80%)
    

2 hours 55 minutes (950W portable charger)
    

2 hours (950W portable charger)

Under seat storage
    

32 litres
    

30 litres

For more information: www.tvsmotor.com

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260812361211/en/

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Contacts

For details, contact:
Kanika Mehta: kanika.mehta@tvsmotor.com

Planet and the Government of Rwanda Launch First-of-its-Kind National Satellite Data Program in Africa

(BUSINESS WIRE) -- Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about change on Earth, and the Government of Rwanda today announced the launch of a new national program to provide Planet’s data to governmental agencies, public universities, selected startups, and strategic development partners supporting national development initiatives throughout the country. This groundbreaking deal marks Planet’s first national program of its kind in Africa.

The program, managed by the Rwanda Space Agency, will use Planet’s growing archive of near-daily satellite data to monitor agriculture and food security, track forest health and resilience, refine urban planning and zoning, and inform disaster planning, response, and recovery.

Planet imagery and data will be made available to public universities to train undergraduate students and support advanced research in Earth Observation in Rwanda. In addition, selected startups focused on core national interests and working with government agencies will draw on Planet’s daily feeds to support inclusive economic development.

“Rwanda is a true leader in African innovation, continually demonstrating how technology can drive national progress,” said Andrew Zolli, Chief Impact Officer at Planet. “This program is a blueprint for how Planet’s daily satellite data can directly support multiple national goals, including improving disaster planning, shaping education programs, protecting natural resources and more.”

Planet data supports government partners across a variety of civil use cases, including disaster preparedness and response, urban planning and development, and agriculture and resource management.

Learn more about this program on Planet Pulse.

About Planet

Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites. Planet provides mission-critical data, advanced insights, and software solutions to customers comprising the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation listed on the New York Stock Exchange as PL. To learn more visit www.planet.com and follow us on XLinkedIn, or tune in to HBO’s ‘Wild Wild Space’.

Forward-looking Statements

Certain statements contained in this press release are “forward-looking statements” about Planet within the meaning of the securities laws, including statements about Planet’s strategic partnerships and Planet’s future growth in new and existing markets. Such statements, which are not of historical fact, involve estimates, assumptions, judgments and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements. Such factors are detailed in Planet’s filings with the Securities and Exchange Commission. Planet does not undertake an obligation to update its forward-looking statements to reflect future events, except as required by applicable law.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260810773031/en/



Contacts

Planet Press
Rachel Cassells
press@planet.com

Planet Investor Relations
Cleo Palmer-Poroner
ir@planet.com


Thursday, August 13, 2026

Interactive Brokers Adds Access to the Bucharest Stock Exchange, Offering Access to One of Europe's Strongest-Performing Markets of 2025

 GREENWICH, Conn. - Thursday, 13. August 2026 AETOSWire 



Eligible clients can now trade Romanian stocks on the Bucharest Stock Exchange, alongside products from over 170 global markets, on one platform


(BUSINESS WIRE) -- Interactive Brokers (Nasdaq: IBKR), an automated global broker, today announced access to the Bucharest Stock Exchange (BVB). This expansion offers access to one of Europe’s strongest-performing emerging markets of 2025, expanding diversification opportunities for IBKR clients alongside over 170 other global exchanges on a single, advanced platform.


Romania was elevated to MSCI’s Advanced Frontier Market status while the BET index reached record highs in 2025 and continued its growth through the first half of 2026. With this integration, IBKR clients can access Romanian equities through the same platform they use for markets worldwide, making it easier to incorporate Romanian listed companies into their global investment strategies.


“Adding the Bucharest Stock Exchange expands the choices available to our clients and reinforces our commitment to providing the broadest possible access to global markets,” said Milan Galik, Chief Executive Officer of Interactive Brokers. “Romania is one of Europe’s stronger emerging economies, and we’re pleased to make this market available to our clients through the same platform they use to access exchanges around the world.”


Remus Vulpescu, Chief Executive Officer of the Bucharest Stock Exchange added: “We welcome Interactive Brokers to Romania’s capital market. Every new gateway matters: over the last 12 months, our market has built on the strong momentum of recent years, channeling more than EUR 5.0 billion into the Romanian economy, further broadening its listed universe and investor base, and delivering a total return of more than 80%, the highest among EU main market indices. Connecting millions of global investors to Bucharest Stock Exchange deepens liquidity, sharpens pricing, and brings Romanian listed companies the international visibility they have earned.”


Key Highlights:


Unparalleled Market Access: Trade Romanian equities alongside over 170 global markets on one integrated platform.


Seamless Integration: Leverage existing IBKR accounts, platforms (mobile, web, desktop), and support for Romanian investments.


Attractive Valuations & Growth: Capitalize on a market recently classified as an Advanced Frontier Market, exhibiting strong performance and growth potential.


IBKR Advantage: Benefit from low, transparent pricing and advanced trading tools across all accessible markets.


With the addition of the Bucharest Stock Exchange, Interactive Brokers further solidifies its leadership in providing investors the broadest, most integrated access to diverse global markets.


For more information, please visit:


US and countries served by IB LLC: BVB Exchange

Canada: BVB Exchange

United Kingdom: BVB Exchange

Europe: BVB Exchange

Hong Kong: BVB Exchange

Singapore: BVB Exchange

Australia: BVB Exchange


The best-informed investors choose Interactive Brokers.


About Interactive Brokers Group, Inc.:

Interactive Brokers Group, Inc. (NASDAQ: IBKR) is a member of the S&P 500. Its affiliates provide automated trade execution and custody of securities, commodities, foreign exchange, and prediction markets around the clock on over 170 markets in numerous countries and currencies from a single unified platform to clients worldwide. We serve individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation have enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. Interactive Brokers has consistently earned recognition as a top broker, garnering multiple awards and accolades from respected industry sources such as Barron's, Investopedia, Stockbrokers.com, and many others.


Follow Interactive Brokers on social media: Facebook, Instagram, LinkedIn, Reddit, X (Twitter), TikTok, YouTube


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20260813124100/en/



Permalink

https://www.aetoswire.com/en/news/1308202656736


Contacts

Contacts for Interactive Brokers Group, Inc. Media: Katherine Ewert, media@ibkr.com


 

Tecnotree Signs 17.5 Million USD Multi-Year Agreement with Existing Communications Service Provider in the Americas

ESPOO, Finland - Thursday, 13. August 2026



(BUSINESS WIRE) -- Tecnotree, a global provider of 5g and AI-native digital business support systems (BSS) and digital transformation solutions for communications service providers, announced the signing of a new multi-year, multi-region agreement with an existing communications service provider in the Americas.


The agreement reflects Tecnotree’s continued focus on expanding long-term customer relationships through its 5g AI-native digital platforms and services enabling communications service providers to modernize business operations, accelerate service innovation, and enhance customer experiences, Tecnotree continues to support the evolving digital transformation priorities of operators worldwide.


“The Americas remains an important market for Tecnotree, where the company continues to support communications service providers with solutions that simplify operations, enable business agility, and create sustainable value through next-generation digital services,” said Padma Ravichander, CEO Tecnotree.


About Tecnotree


Tecnotree is a global provider of AI-native digital business support systems (BSS) and digital transformation solutions for communications service providers. Its composable platform enables operators to accelerate digital transformation, monetize new business models, and deliver intelligent, personalized digital experiences. Tecnotree is listed on Nasdaq Helsinki (TEM1V). For more information, visit www.tecnotree.com.


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20260813102362/en/



Permalink

https://www.aetoswire.com/en/news/1308202656740


Contacts

Media Contact

Prianca Ravichander

CMO & CCO, Tecnotree

marketing@tecnotree.com

STL Selects Kinaxis Planning One to Strengthen Supply Chain Planning Across Global Operations

OTTAWA, Ontario & MUMBAI, India - Wednesday, 12. August 2026

Deployment reflects Kinaxis' continued investment in India and expanding access through its growing partner ecosystem

(BUSINESS WIRE) -- Kinaxis® Inc. (TSX:KXS), a global leader in supply chain orchestration, today announced that STL (NSE: STLTECH), a leading optical and digital solutions company, has selected Kinaxis Planning One to strengthen its supply chain planning capabilities and improve decision-making speed across its global operations.

The deployment reflects Kinaxis' continued commitment to the Indian market and represents another milestone in expanding customer access through its growing network of value-added reseller (VAR) partners, and its first customer win through the company's Google Marketplace mid-market initiative.

"Manufacturers are under increasing pressure to respond to volatility with faster, more coordinated decisions," said Ray Curbelo, SVP, Global Partner Organization at Kinaxis. "This engagement with STL reflects both the growing demand for modern supply chain planning in India and the role our partner ecosystem and Google Marketplace initiative are playing in expanding access to Kinaxis Planning One."

By implementing Kinaxis Planning One, STL will enhance visibility across its supply chain, improve cross-functional coordination and better respond to changing demand and supply conditions.

"For STL, strengthening supply chain planning is essential to how we operate and deliver for customers," said Rahul Puri, Chief Executive Officer, STL. "Kinaxis Planning One will help us improve visibility across operations, respond more quickly to change and support more consistent execution as our business continues to grow.

The announcement builds on Kinaxis' growing presence in India, where manufacturers are investing in advanced planning technologies to support business growth, improve resilience and compete more effectively in global markets.

For more information about Kinaxis Planning One, visit www.kinaxis.com.

About Kinaxis
Kinaxis is a leader in modern supply chain planning and orchestration, powering complex global supply chains, and supporting the people who manage them. Our powerful, AI-infused supply chain orchestration platform, Maestro, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain – from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today’s volatility and disruption. For more news and information, please visit kinaxis.com or follow us on LinkedIn.

Source: Kinaxis Inc.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260812540066/en/

Permalink
https://www.aetoswire.com/en/news/1208202656723

Contacts

Media Relations
Matt Tatham| Kinaxis
mtatham@kinaxis.com

Investor Relations
Victoria Hyde-Dunn | Kinaxis
vhyde-dunn@kinaxis.com

illumynt Appoints Matt Popieniuck as Vice President of Customer Success & Delivery


 BURLINGTON, Mass. -

28-year Dell Technologies veteran, most recently leading services sustainability strategy, joins to own end-to-end program execution as illumynt scales its AI hardware lifecycle business


 


(BUSINESS WIRE)--illumynt, a technology-driven leader in AI hardware lifecycle recovery and IT asset disposition (ITAD), today announced that Matt Popieniuck has joined the company as Vice President of Customer Success & Delivery, effective August 2026. He reports to CEO Jörg Herbarth.


Popieniuck joins illumynt after 28 years at Dell Technologies, where he progressed from group leadership through senior and principal program management roles before moving into services sustainability strategy. In that most recent chapter, he worked on the question now driving illumynt's market: what happens to enterprise technology after its first deployment, and how manufacturers and their customers recover value from it responsibly.


In his new role, Matt leads the execution of illumynt’s customer programs from commercial handoff through final delivery, ensuring programs consistently meet SLAs, operational objectives, and customer expectations. He leads the company's Program Account Manager organization, co-owns new program introduction alongside illumynt's solutions team, and will build the company's enterprise program management office as illumynt scales.


"Matt spent nearly three decades inside one of the world's largest technology manufacturers, and the last several years of it on what happens to hardware at the end of its first life," said Jörg Herbarth, CEO of illumynt. "He has sat on the customer's side of this table. He knows what a program is supposed to deliver, and he knows exactly what it costs an enterprise when it doesn't. That is the perspective we want owning execution."


The appointment comes as illumynt expands its global operational footprint. The company employs more than 180 people across facilities in Burlington, Massachusetts; Columbus, Ohio; Amsterdam; Hong Kong; and St. Petersburg, Florida, and will open the Talorem Innovation Center in Columbus this fall.


"I spent most of my career building the programs that put technology into the world, and the last few years working on what happens to it afterward," said Popieniuck. "The intent was never the hard part — the execution was. illumynt has built real engineering infrastructure behind that problem instead of treating it as a logistics exercise, and that is a rare thing in this industry. I'm here to make sure every customer program delivers on what we promised."


Popieniuck holds a Bachelor's degree in Business Administration and Management from Dean College.


About illumynt


illumynt is a technology-driven leader in AI hardware lifecycle recovery, providing engineering-grade testing, certification, and value recovery for retired AI infrastructure — including GPU grading, chip-level NAND recovery, and liquid-cooled hardware evaluation. illumynt's Talorem platform brings engineering rigor to an industry historically built on logistics alone.


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20260812482293/en/



Permalink

https://www.aetoswire.com/en/news/1208202656721


Contacts

Alyson Kaye 617.407.6381