S Token

MEET48 completed its token round financing, led by Liang Xinjun, Hash Global, and Hashkey Capital

ChainCatcher news, focusing on the entertainment sector's AI-Agent and AIUGC creators and fan economy ecosystem MEET48 has announced the completion of its token round financing, with a fully diluted valuation (FDV) of $100 million. Co-founder of Fosun Group, Liang Xinjun, along with Hash Global and HashKey Capital, led the investment, with participation from Animoca Brands, Infinity Labs, Promontory, Oak Grove, and several Web3 individuals. The new funds will be used to support the development of its team and the creation of related AI products. The MEET48 ecosystem community will provide users with a one-click customization feature for virtual idol AI Idol-Agent, enabling various functions such as chatting, live streaming, and virtual performances, while efficiently generating AI images, texts, songs, and dance content using AIGC technology in the virtual music and dance vertical. Additionally, the community will offer an AI-exclusive creation tool, AIShowBOX, supporting 3D character customization, intelligent choreography, and other in-depth creations, assisting users in automated operations and global dissemination of Idol-Agent.The MEET48 community's supporting MEME cultivation and launch platform, MarsProtocol, will be launched on the BNB Chain, providing a tokenized trading platform for Meme creators and serving as a source of AI creators for the entire ecosystem community. Furthermore, the AI-AGENT social foundation of the MEET48 ecosystem, the AI-AGENT large-scale music and dance simulation game, and the AI-AGENT large-scale casual game will also be launched successively, all utilizing the same governance token for community incentives.

Dubai Financial Services Authority launches tokenization regulatory sandbox

According to ChainCatcher news, as reported by Cryptoslate, the Dubai Financial Services Authority (DFSA) has announced an invitation for companies to apply to join its tokenization regulatory sandbox, with the application deadline set for April 24, 2025. The DFSA is an independent authority responsible for regulating the Dubai International Financial Centre (DIFC). In an announcement on March 17, the DFSA stated that the sandbox program aims to attract companies looking to offer tokenized investment products and services. The sandbox provides a controlled environment for businesses to test tokenized financial solutions under the supervision of regulators.The DFSA explicitly stated that eligible services include tokenized stocks, bonds, sukuk, and collective investment fund units. Both existing firms that are already authorized by the DFSA and wish to expand their tokenization business, as well as eligible new applicants, can submit applications. After submitting an application, businesses will enter the assessment process. Successful applicants will receive structured testing opportunities within the sandbox and tailored regulatory guidance. The DFSA emphasized that only companies with strong business models and solid compliance capabilities will be selected. This sandbox program is part of the DFSA's broader innovation testing license initiative, aimed at helping businesses refine financial products and prepare for full authorization.
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