| Mobile Web

Search results for Foundation

Crypto

Swyftx eyes crypto payments after securing Australian licence

Australian cryptocurrency exchange Swyftx has secured an Australian Financial Services Licence and is pushing to enter the crypto payments business. The licence allows Swyftx to offer derivatives such as crypto options and futures to retail clients, as well as non-cash payment services. The company said it has a foundation to launch payment services for corporate and individual customers, but it does not hold an AFSL covering spot cryptocurrency services.

AI & Enterprise

Govt applies moving-target approach to R&D for three major mega physical AI projects

South Korea\'s government will apply a \"moving target\" approach to a 1.4 trillion won physical AI research and development programme, seeking proposals from the contest stage on how teams will detect technological change and adjust plans, participants and budgets if needed. The Jeonbuk and South Gyeongnam projects run from 2026 to 2030 and aim to build a Korean reference model for autonomous factories operated by AI, with an emphasis on data pipelines and integrated factory operation systems.

Industry

LG Energy Solution selected as first AI distribution grid ESS operator

LG Energy Solution said on Thursday it was selected as the operator for the Ministry of Climate, Energy and Environment’s 2026 support project for building AI-enabled energy storage systems. The distribution-grid ESS support project is the first of its kind in South Korea. LG Energy Solution joined a consortium with Shinhan Asset Management and secured seven distribution lines, totaling 140 MWh. Commercial operation starts in 2027 and will run for 20 years.