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Results of the ixCrypto Index Series Quarterly Review (2024 Q4) & IX Digital Asset Industry Index Series Half Yearly Review (2024 2H)
1. Constituent Review – ixCrypto Index Series
1.1 ixCrypto Index (“IXCI”)
The number of constituents will remain unchanged at 19 constituents with 2 additions and 2 deletions.
Additions
1. Stellar
2. Sui
Deletions
1. Aptos
2. Polygon
After the change, the free float adjusted market capitalization coverage is 82.62%*, while the 90-day-average volume is 77.39%* (excluding stable coin which has 6.21% of the total crypto universe). The constituents change above and recapping at 40% will be effective on 17 January 2025 (Friday).
Since the last review, there has been an increase in the crypto total market capitalization from USD2.17tn to USD2.89tn (+33.18%)#, and a increase in the daily volume from USD71.42bn to USD152.20bn (+113.11%)#. Bitcoin remains as the largest crypto in the constituent list, with its price has increased by 41.15% since the last review.
1.2 ixCrypto Portfolio Indexes
1.2.1 ixCrypto 5 Equal Weight Index (“IXEW5”) and ixCrypto 5 Square Root Index (“IXSR5”)
Addition
No addition
Deletion
No deletion
1.2.2 ixCrypto 10 Equal Weight Index (“IXEW10”) and ixCrypto 10 Square Root Index (“IXSR10”).
Addition
No addition
Deletion
No deletion
1.2.3 ixCrypto Altcoin 10 EW Index (“IXAEW10”) and ixCrypto Altcoin 10 SR Index (“IXASR10”).
Addition
1. Chainlink
Deletion
1. Polkadot
1.3 ixCrypto BTC/ETH Indexes
As of 31st December 2024, the market capitalization represented by the two indexes IX Bitcoin Index (IXBI) and IX Ethereum Index (IXEI) in ixCrypto BTC/ETH 5050 Index (“IX5050”) was 40.99%/59.01% respectively, a change from 43.69%/56.31% from 30th September 2024.
As of 31st December 2024, the market capitalization represented by the two indexes IXBI and IXEI in ixCrypto BTC/ETH Proportional Index (“IXPI”) was 43.69%/56.31% respectively, a change from 40.99%/59.01% from 30th September 2024.
The weight of IXBI & IXEI will be adjusted to 81.60%/18.40% respectively, at effective date 17th January 2025 from 78.19%/21.81% on 18th October 2024 (last effective date).
2. Constituent Review- IX Digital Asset Industry Index Series
2.1 ixCrypto Stablecoin Index
The number of constituents will increase to 5 with 1 addition and no deletion. Stable coin comprises 6.21% of the total crypto universe, and ixCrypto Stablecoin Index covers around 99.26% of the 90-day average market capitalization in stablecoin universe.
Addition
1. Ethena USDe
Deletion
No deletion
2.2 ixCrypto Infrastructure Index
The number of constituents will increase to 23 constituents, with 2 additions and no deletions.
Additions
1.Sui
2. Fantom
Deletion
No deletion
3. Exchange Review
As a result of exchange review, 10 exchanges passed the review process, which are as follows:
Passed Exchanges
1. Binance
2. Bitrue (New)
3. Bybit (New)
4. Upbit
5. Whitebit
6. Coinbase Advanced
7. OKEX
8. Gate.io
9. DigiFinex
10. Bitget
Removed Exchanges
1. P2PB2P
2. Huobi Global
The selected 10 exchanges will be taken to generate each of the fair average prices for the IX indexes’ constituents. The exchange review covers volume rankings, exchange background checking, founders’ background checking, USD/USDT/USDC/BTC pairs coverage, overconcentration rules, exchange API coverage checking and stability etc for an exchange.
After the meeting, IX Asia Indexes announces that the IX Asia Indexes will adopt a revised exchange selection methodology to reduce the number of selected exchanges from 10 to 8. This means each index constituent’s price will be an average of 8 instead of 10. This change has been approved by the IX Asia Indexes Index Advisory Committee and will take effect together with the next quarter’s review effective date in April 2025. The revision aims to raise the data stability and exchanges credit ratings that already have high market volume coverage. This strategic update reinforces our commitment to providing accurate, reliable, and high-quality benchmarks for the digital asset market.
For more details about our exchange selection criteria, please email in**@******ex.com
More details about the ixCrypto index, including their constituents, constituents’ weight are provided in the Appendices, or refer to the website https://ix-index.com/
*Exclude stable coins and exchange coins (based on conflict-of-interest rule methodology effective Oct 2, 2020)
#As of 31 December 2024, based on past 90 days average
Appendix 1
ixCrypto Index (“IXCI”)
| Universe | All crypto coins traded in at least two different exchanges around the world |
| Selection Criteria | Cryptocurrencies ranking in the top 80% of cumulative full market capitalization (“MC”) coverage and within an acceptable range in accordance with the Volume Buffer Rule in terms of 90-day average trading volume |
| Number of Constituents | Variable/19 in Q4 2024 |
| Launch Date | 12th December 2018 |
| Base Date | 3rd December 2018 |
| Base Value | 1,000 |
| Reconstitution Rule | If the coverage is below 75% or any of constituents is not within an acceptable range in accordance with the Volume Buffer Rule in terms of 90-day average trading volume, IXCI will be reconstituted to bring MC coverage back and do liquidity screening. |
| Reconstitution and Rebalancing Frequency | Quarterly and with a fast entry rule |
| Weighting Methodology | Free float adjusted market capitalization weighted with a cap of 40% |
| Currency | US Dollar |
| Dissemination | Every 5 seconds for 24×7 |
| Website | https://ix-index.com/ |
Appendix 2
| Crypto | 90-day-average- Market Cap | 90-day-average-volume * | Cut-off
Price |
Cumulative
Market Coverage before Cap |
Weighting (%) After 40% Cap# | |
| 1 | Bitcoin | $ 1,653,346,686,963 | $55,700,564,812 | 92643.21 | 57.19% | 40.00% |
| 2 | Ethereum | $ 372,904,493,611 | $28,923,854,773 | 3356.39 | 70.09% | 28.97% |
| 3 | Solana | $ 92,517,695,642 | $4,696,383,712 | 191.03 | 73.29% | 6.57% |
| 4 | XRP | $ 73,519,084,861 | $8,093,922,867 | 2.06 | 75.84% | 8.46% |
| 5 | Dogecoin | $ 40,671,209,916 | $5,987,716,000 | 0.31 | 77.24% | 3.31% |
| 6 | Cardano | $ 24,222,742,887 | $1,588,004,259 | 0.86 | 78.08% | 2.17% |
| 7 | TRON | $ 17,918,987,041 | $1,106,336,563 | 0.25 | 78.70% | 1.56% |
| 8 | Avalanche | $ 14,453,177,241 | $752,645,851 | 35.91 | 79.20% | 1.05% |
| 9 | Toncoin | $ 14,198,145,889 | $326,520,961 | 5.58 | 79.69% | 1.02% |
| 10 | Shiba Inu | $ 13,201,346,341 | $1,259,766,322 | 0.00 | 80.15% | 0.89% |
| 11 | Chainlink | $ 10,523,400,832 | $951,515,621 | 20.58 | 80.51% | 0.94% |
| 12 | Polkadot | $ 9,415,826,014 | $570,815,666 | 6.70 | 80.84% | 0.74% |
| 13 | Sui | $ 8,871,169,768 | $1,522,100,374 | 4.18 | 81.15% | 0.88% |
| 14 | Bitcoin Cash | $ 8,574,389,714 | $566,961,600 | 443.34 | 81.44% | 0.63% |
| 15 | Stellar | $ 7,631,351,513 | $1,046,598,022 | 0.33 | 81.71% | 0.72% |
| 16 | Litecoin | $ 6,706,780,617 | $857,128,864 | 99.31 | 81.94% | 0.54% |
| 17 | NEAR Protocol | $ 6,651,505,963 | $602,999,876 | 5.04 | 82.17% | 0.43% |
| 18 | Pepe | $ 6,605,970,390 | $2,739,283,209 | 0.00 | 82.40% | 0.55% |
| 19 | Uniswap | $ 6,444,330,873 | $497,335,285 | 13.32 | 82.62% | 0.57% |
Weightings of the Constituents of ixCrypto Index
As of 31 December 2024
* 90-day-average-volume ranking in total market is shown in the parentheses
# Weighting (%) after 40% Cap is adjusted according to the cut-off price, the arrangement of order may not be the same as 90-day-average-Market Cap
Selection of index constituents is based on the past 90-day-average market capitalization and volume.
For the calculation methodology of the index, please refer to the “ixCrypto Index Methodology Paper” on our website
Appendix 3
Weightings of the Constituents of ixCrypto Portfolio Indexes
| Index Constituents | ixCrypto 5 EW Index | ixCrypto 5 SR Index | ixCrypto 10 EW Index | ixCrypto 10 SR Index | ixCrypto Altcoin 10 EW Index | ixCrypto
Altcoin 10 SR Index |
|
| 1 | Bitcoin | 20.00% | 47.50% | 10.00% | 38.42% | – | – |
| 2 | Ethereum | 20.00% | 22.30% | 10.00% | 18.04% | 10.00% | 27.82% |
| 3 | Solana | 20.00% | 10.62% | 10.00% | 8.59% | 10.00% | 13.25% |
| 4 | XRP | 20.00% | 12.05% | 10.00% | 9.75% | 10.00% | 15.04% |
| 5 | Dogecoin | 20.00% | 7.53% | 10.00% | 6.10% | 10.00% | 9.41% |
| 6 | Cardano | – | – | 10.00% | 4.93% | 10.00% | 7.61% |
| 7 | TRON | – | – | 10.00% | 4.19% | 10.00% | 6.46% |
| 8 | Avalanche | – | – | 10.00% | 3.44% | 10.00% | 5.31% |
| 9 | Toncoin | – | – | 10.00% | 3.38% | 10.00% | 5.22% |
| 10 | Shiba Inu | – | – | 10.00% | 3.16% | 10.00% | 4.88% |
| 11 | Chainlink | – | – | – | – | 10.00% | 5.00% |
Appendix 4
Weightings of the Constituents of ixCrypto BTC/ETH 50/50 Index
and ixCrypto BTC/ETH Proportional Index
| 90-day-average Crypto Market Cap | 90-day-average Crypto Volume | Index Level | Cumulative Market Cap Coverage | Weight in BTC/ETH 50/50 | Weight in BTC/ETH Proportional | |
| IXBI | $1,653,346,686,963 | $55,700,564,812 | $22373.87 | 57.19% | 50.00% | 81.60% |
| IXEI | $ 372,904,493,611 | $28,923,854,773 | $ 28838.88 | 70.09% | 50.00% | 18.40% |
Appendix 5
Weightings of the Constituents of ixCrypto Infrastructure Index
| Crypto | 90-day-average- Market Cap | 90-day-average-volume * | Cut-off Price | Cumulative
Market Coverage before Cap |
Weighting (%) After 40% Cap# | |
| 1 | Ethereum | $ 372,904,493,611.13 | $28,923,854,773 | $3,356.39 | 12.90% | 40.00% |
| 2 | Solana | $ 92,517,695,641.63 | $4,696,383,712 | $191.03 | 16.10% | 21.06% |
| 3 | Cardano | $ 24,222,742,887.03 | $1,588,004,259 | $0.86 | 16.94% | 6.94% |
| 4 | TRON | $ 17,918,987,041.10 | $1,106,336,563 | $0.25 | 17.56% | 5.01% |
| 5 | Avalanche | $ 14,453,177,241.43 | $752,645,851 | $35.91 | 18.06% | 3.38% |
| 6 | Toncoin | $ 14,198,145,888.78 | $326,520,961 | $5.58 | 18.55% | 3.27% |
| 7 | Chainlink | $ 10,523,400,831.52 | $951,515,621 | $20.58 | 18.91% | 3.02% |
| 8 | Polkadot | $ 9,415,826,014.13 | $570,815,666 | $6.70 | 19.24% | 2.36% |
| 9 | Sui | $ 8,871,169,768.28 | $1,522,100,374 | $4.18 | 19.55% | 2.81% |
| 10 | NEAR Protocol | $ 6,651,505,962.99 | $602,999,876 | $5.04 | 19.78% | 1.35% |
| 11 | Aptos | $ 5,775,300,789.13 | $455,906,191 | $8.87 | 19.98% | 1.14% |
| 12 | Hedera | $ 5,570,631,325.54 | $862,787,795 | $0.28 | 20.17% | 2.44% |
| 13 | Internet Computer | $ 4,687,766,472.02 | $191,472,147 | $10.03 | 20.33% | 1.10% |
| 14 | Ethereum Classic | $ 3,722,758,894.98 | $398,857,535 | $25.41 | 20.46% | 0.88% |
| 15 | VeChain | $ 2,922,926,364.19 | $127,235,272 | $0.04 | 20.56% | 0.82% |
| 16 | Stacks | $ 2,906,816,986.95 | $213,096,487 | $1.49 | 20.66% | 0.52% |
| 17 | Arbitrum | $ 2,903,723,109.63 | $534,575,605 | $0.73 | 20.76% | 0.71% |
| 18 | Mantle | $ 2,810,706,862.04 | $119,998,236 | $1.20 | 20.86% | 0.93% |
| 19 | Cosmos | $ 2,435,639,693.81 | $273,561,507 | $6.34 | 20.94% | 0.57% |
| 20 | Optimism | $ 2,425,343,124.03 | $367,872,059 | $1.82 | 21.03% | 0.57% |
| 21 | Fantom | $ 2,414,473,266.10 | $416,274,281 | $0.73 | 21.11% | 0.47% |
| 22 | Injective | $2,345,116,959.18 | $187,573,289 | $20.04 | 21.19% | 0.45% |
| 23 | Polygon | $1,046,202,224.40 | $18,988,005 | $0.46 | 21.23% | 0.20% |
As of 31 December 2024
* 90-day-average-volume ranking in total market is shown in the parentheses
# Weighting (%) after 40% Cap is adjusted according to the cut-off price, the arrangement of order may not be the same as 90-day-average-Market Cap
Selection of index constituents is based on the past 90-day-average market capitalization and volume.
For the calculation methodology of the index, please refer to the “ixCrypto Index Methodology Paper” on our website.
Appendix 6
Weightings of the Constituents of ixCrypto Stablecoin Indexes
| Crypto | 90-day-average- Market Cap | 90-day-average- volume |
Cut-off Price |
Cumulative Market Coverage before Cap |
Weighting (%) After 40% Cap | |
| 1 | Tether USDT | $128,448,943,914 | $122,344,000,567 | $1.00 | 4.44% | 40.00% |
| 2 | USDC | $38,123,748,722 | $9,087,285,469 | $1.00 | 5.76% | 40.00% |
| 3 | Dai | $5,364,795,644 | $127,138,381 | $1.00 | 5.95% | 7.99% |
| 4 | Ethena USDe | $3,831,640,493 | $111,784,914 | $1.00 | 6.08% | 8.73% |
| 5 | First Digital USD | $2,344,937,137 | $6,974,820,760 | $1.00 | 6.16% | 3.28% |
As of 31 December 2024
Appendix 7
ixCrypto Indexes Dissemination
Real time indexes are disseminated every 5-second interval for 24×7 since 23 June 2022. The real-time indexes are available for viewing on the IX Crypto Index official webpage. For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers “IXCI”, “IXBI” and “IXEI”, with dissemination interval kept at 15-second unchanged.
The vendor tickers are shown below:
| Index Name | Bloomberg Ticker | Reuters Ticker |
| ixCrypto Index | IXCI | .IXCI |
| ixBitcoin Index | IXCBI | .IXBI1 |
| ixEthereum Index | IXCEI | .IXEI1 |
For further information about ixCrypto Index and other available indexes including IX Crypto spot price index series, please visit company official webpage https://ix-index.com or subscribe to LinkedIn: IX Asia Indexes
For data licensing and product, please contact us at li*******@******ex.com.
For free API use on academic research or trial, please contact en*****@******ex.com
Hashtag: #IXAsia #IXAsiaIndexes
The issuer is solely responsible for the content of this announcement.
About IX Asia Indexes and IX Asia Index Advisory Committee
IX Capital International Limited is an award-winning index and investment advisory company. The index business arm- IX Asia Indexes, providing real-time digital asset and innovative indexes, disseminated 24×7 globally and built on robust infrastructure. Since the launch of the first crypto benchmark index (“IXCI”) launched in Hong Kong in December 2018, the ixCrypto index series expand into 29 indexes designed for exchange futures product, mark to market and fund managers’ portfolio construction purposes. To ensure the professionality and impartiality of the index methodologies and operations, IX Asia Indexes has established its index advisory committee with representation from different industries, including fund management, exchanges, brokerage, financial blockchain experts, crypto service providers, etc. The committee will meet quarterly a year to discuss matters relating to the IX Asia Indexes, including to review and to comment the data sources, methodologies, and operations of IX Asia Indexes, to provide guidance to the future development of new IX Asia Indexes and to handle other issues and decisions on an as-needed basis.
IX Asia Indexes was awarded the Fintech Award (wealth investment and management) 2019 and 2021 organised by ETNet. It as well won an award for Startup of the Year and Basic Technology (Big Data) from Hong Kong Fintech Impetus Awards 2022 by Metro Broadcast and KPMG. It also won Asia Pacific Enterprise Achievement Award 2024 by Echolade. IX Asia Indexes completed its IOSCO compliance statement and obtained ISO/IEC 27001:2013 UKAS certification.
Website: https://ix-index.com/
Advisory Committee: https://ix-index.com/committee.htm
About IX Crypto Indexes
The ixCrypto index (“IXCI”) is the first crypto index launched in Hong Kong. It was launched on 12 December 2018. It is denominated in USD with a base value of 1000 and a base date on 3 December 2018. Designed to be easy to understand while providing a good representation of the crypto market, ixCrypto index aims to cover the top 80% of the cumulative free-float adjusted market capitalization in the crypto universe and, at the same time, the crypto currencies should fall within the top liquid cryptos ranked by trading volume in the 90 days preceding the review date. The index is to be reviewed quarterly and with a fast entry rule. Real time indexes are disseminated every 5-second for 24×7 since 23 June 2022. Real time index data together with ixBitcoin Index and ixEthereum Index can be obtained from IX Asia Indexes Data Services and Bloomberg terminal on IXCI <GO>. For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers “IXCI”, “IXBI”, “IXEI”, with dissemination interval kept at 15-second unchanged.
Media OutReach
Global Wellness Forum 2026 Set for June 23 in Kuala Lumpur as Malaysia’s Nutraceutical Industry Embarks on Next-Gen Transformation
As a core component, James Pereira, general manager of MADSA, will share insights on Malaysian health industry regulations. Adrian Toh, CEO & Executive Director of R Pharmacy, will provide frontline retail channel observations regarding shifting consumer demands. Alex Liao, General Manager of Welbloom Bio-Tech, will represent Taiwan to share how format innovation effectively responds to brand differentiation, consumption experiences, and market compliance needs.
Faced with brands’ attention toward differentiated experiences, Welbloom Bio-Tech will showcase its proprietary, Halal-certified FRESH-Jelly® technology on-site, demonstrating the innovative application to make supplements more food-like. Through ingredient payload capacities, zero- or low-sugar designs, and customized flavor development, FRESH-Jelly® allows supplements to maintain functionality while becoming more enjoyable to consume regularly, providing Malaysian brands with a distinctive option beyond capsules and tablets.
With the rapid rise of Malaysia’s wellness consumer market, its mature distribution channels and exceptional potential for regional expansion are accelerating the country’s growth as a critical hub for the Southeast Asian health industry. Welbloom Bio-Tech states that this forum is a bridging platform connecting Taiwan’s manufacturing capabilities with Malaysian market insights, aiming to unlock commercially viable partnerships for both regions.
The event is organized by The PAGE, co-organized by Welbloom Bio-Tech and SEAbizs, and supported by NTBSA, MATRADE, R Pharmacy, and MADSA.
【Event Information】
Time: June 23, 2026, 09:30 – 14:00
Venue: The Zenith – Connexion Conference & Event Centre, Kuala Lumpur
Hashtag: #WelbloomBioTech
The issuer is solely responsible for the content of this announcement.
About Welbloom Bio-Tech
Welbloom Bio-Tech focuses on health supplement R&D, manufacturing, and dosage form innovation. Through forward-looking market foresight and robust R&D technologies, it provides one-stop services from formulation design and flavor development to manufacturing, assisting clients in Malaysia and Singapore to build highly competitive health supplements.
To learn more, please search “Welbloom” or click the link:
https://welbloom.com/malaysiaforum2026/
Media OutReach
Doing Good Index 2026: Asia’s US$753 Billion Philanthropic Potential Remains Unrealized
- Asia’s social sector is under strain: 78% of the 2,166 social delivery organizations (SDOs) surveyed report insufficient domestic funding.
- Asia is one of the fastest-growing regions for wealth creation, yet the policies and incentives needed to channel it toward social good are not keeping pace.
- Singapore has become the first economy to enter the “Doing Excellent” category, demonstrating what alignment across regulations, tax incentives, government partnerships and efforts to create a culture of giving can achieve.
- 84% of Asian SDOs surveyed apply the UN Sustainable Development Goals (SDGs) in their operations, pointing to their enduring value as a shared framework for coordination and collective action beyond 2030.
HONG KONG SAR – Media OutReach Newswire – 16 June 2026 – Asia’s social needs are intensifying, and official development assistance is declining. Yet, while the region’s wealth is growing dramatically, the policies, incentives and partnerships needed to channel private capital toward social good are not keeping pace. That is a key finding of the Doing Good Index 2026, the fifth edition of CAPS’s flagship policy report, which assesses the enabling environment for private social investment across 17 Asian economies.
The report finds that while the enabling environment for private social investment is in place across much of the region, its effectiveness remains uneven. Improvements in registration processes and accountability mechanisms have been accompanied by persistent barriers, including restrictions on foreign funding, regulatory complexity, and inconsistent government engagement. In many cases, policies exist on paper but are not fully implemented in practice, limiting their impact.
At the same time, although trust in SDOs remains high across the region, broader ecosystem conditions, such as media sentiment, talent pipelines, and institutional support, are showing signs of strain. 81% of SDOs struggle to secure unrestricted funds for their work, while 73% report difficulty recruiting staff, constraining the sector’s ability to turn trust into impact.
“Asia has the wealth, the will, and in many economies, the foundations of a strong enabling environment. What is needed now is concerted, aligned effort to bring them together. The potential is enormous,” said Ruth Shapiro, Co-Founder and CEO, Centre for Asian Philanthropy and Society.
Even as Asia’s wealth continues to grow, the region faces significant and intensifying challenges across climate, education and health. Official development assistance is declining, and there is increasing pressure on domestic resources at precisely the moment demand for social services is rising.
If Asian economies were to contribute just 2% of GDP to philanthropy, as the United States does, it could generate an estimated US$753 billion annually for social good. That represents 15 times the official development assistance flowing into the region, and almost half the financing needed to hit the UN’s SDGs in Asia. But realizing that potential depends on strengthening the policies, incentives and partnerships that enable private capital to flow toward social good. The Doing Good Index 2026 finds that across much of Asia, those conditions are not yet in place.
“The world has changed dramatically, and Asia can no longer rely on others to address its social challenges. The Doing Good Index 2026 shows the region has the potential to meet this moment, but only if governments and philanthropists act together to build the conditions that make it possible,” said Ronnie Chan, Chairman, Centre for Asian Philanthropy and Society.
Singapore Shows What Alignment Can Achieve
Singapore has, for the first time, entered the top “Doing Excellent” category in the Doing Good Index 2026, reflecting years of deliberate effort to build a strong culture of philanthropy and civic engagement. Clear regulations, generous tax incentives, openness to foreign funding, and close collaboration between government and the social sector have created a strong enabling environment.
Singapore’s achievement demonstrates that when regulations, fiscal policy, ecosystem conditions and procurement work in concert, the outcomes are stronger. While no two economies will follow the same path, Singapore’s experience highlights the conditions that matter, such as the active promotion and alignment of philanthropy and giving across the whole of society.
The SDGs: Falling Short but Still Relevant in Asia
In the run-up to 2030, global progress toward the SDGs has fallen short of ambition, and Asia is no exception. Yet the Doing Good Index 2026 finds that 84% of SDOs continue to apply the SDGs in their work. Further, the rise of Environmental, Social and Governance (ESG) reporting has not displaced them, because most SDOs see the two frameworks as complementary rather than competing.
As the deadline approaches, the Index points to their enduring value not as a target but as a shared framework for strategy, coordination and collective action in the years ahead.
Other Findings from the Report
- Talent shortages persist for Asia’s social sector: more than 70% of SDOs face difficulty recruiting and retaining staff across Asia.
- AI adoption is happening, but usage remains limited: only 13% of surveyed SDOs report using AI regularly.
- 39% of SDOs say claiming tax benefits is difficult, suggesting administrative barriers may be limiting the impact of existing incentives for giving.
Hashtag: #CAPS #DoingGood #PrivateCapital #PublicGood #Philanthropy #Impact
The issuer is solely responsible for the content of this announcement.
About the Doing Good Index
Released biennially and now in its fifth edition, the Doing Good Index is CAPS’s flagship policy research that assesses the enabling environment for doing good in Asia: the systems, policies and practices that facilitate or constrain philanthropic giving and the deployment of this capital.
CAPS’s research team surveyed 2,166 social delivery organizations (SDOs) and conducted 132 interviews with sector experts across 17 Asian economies to provide a comparative, evidence-based view of where environments are supportive, where gaps persist, and how systems can be strengthened to better mobilize private resources for public good.
The Index looks at indicators under four sub-indexes: regulations, tax and fiscal policy, ecosystem, and government procurement, which provide an understanding of the specific measures economies have taken to catalyze philanthropic giving and promote social sector development.
Since its inception, the Index has been an essential resource for policymakers, philanthropists, and nonprofit leaders seeking to understand and improve the conditions for giving across the region.
For more information,
download the report and visit
the Doing Good Index 2026 dedicated microsite.
About the Centre for Asian Philanthropy and Society (CAPS)
Established in 2013 and working across more than 17 economies in Asia, the Centre for Asian Philanthropy and Society (CAPS) is a nonprofit organization committed to improving the quantity and quality of philanthropic and private giving throughout Asia. Our mission is to maximize private capital for public good, conducting research, advisory, convening and capacity building to engage philanthropists, foundations, family offices, corporates, government bodies, social sector organizations and experts on best practices, models, policies and strategies to facilitate private giving and social investment in the region. For more information, visit
www.caps.org and
LinkedIn.
Media OutReach
Frost & Sullivan White Paper Names Phancy Rise vGPU a Tier 1 Leading Platform
Rise vGPU + ModelHub Power China’s AI into the Heterogeneous Orchestration Era
HONG KONG SAR – Media OutReach Newswire – 15 June 2026 – Frost & Sullivan, a globally renowned growth consulting firm, has released its “2026 AI Infrastructure Orchestration Platform White Paper”. The report recognizes Phancy Group’s Rise vGPU as a Tier 1 Leading Platform, the highest maturity tier in heterogeneous GPU orchestration. Phancy’s ModelHub also achieved the highest Overall Score in the enterprise-grade model management platform evaluation. This marks a significant endorsement of Phancy’s technological capability in heterogeneous AI infrastructure.
According to the white paper, as large model applications scale rapidly, China’s AI industry is facing structural challenges stemming from multi-chip coexistence. These include hardware heterogeneity, fragmented software stacks, persistently low GPU utilization (generally below 30%), and rising model adaptation complexity — all of which have become major bottlenecks for enterprise-scale AI deployment.
The report highlights a fundamental shift in AI infrastructure competitiveness – moving away from “single-chip performance” toward “cluster-scale system coordination.” At this critical juncture, Phancy has positioned itself as a leader in advanced orchestration through its full-stack AI infrastructure platform, offering a proven solution to heterogeneous compute challenges and helping drive China’s AI industry from “compute accumulation” into a new era of “compute orchestration.”
Phancy Rise vGPU: Tier 1 Leading Platform
In its assessment of mainstream AI infrastructure platforms, Frost & Sullivan defined Tier 1 criteria across three core dimensions: heterogeneous support, fine-grained control, and production-grade execution. Phancy Rise vGPU meets all three standards and has been recognized as a Tier 1 Leading Platform.
Rise vGPU transforms AI infrastructure from fragmented, low-efficiency device-level management to a unified software-defined control plane. Its key technology breakthroughs include:
- Comprehensive Heterogeneous Management: Unified onboarding and management across more than 10 mainstream GPU/NPU vendors, including NVIDIA, Ascend, Cambricon, Hygon, and others.
- Ultra-Fine Resource Partitioning: Industry-leading sub-GPU level compute and MB-level memory granularity slicing.
- Significant Utilization Improvement: Through safe oversubscription and time/space multiplexing, GPU utilization is increased from industry averages below 30% to 70%-90%.
- Intelligent Precision Scheduling: Multi-dimensional scheduling algorithms based on priority, topology, load, and resource awareness to achieve optimal compute allocation.
- Production-Grade SLA Assurance: The Deterministic Execution Layer delivers committed and auditable SLA guarantees for critical inference workloads.
- Full Lifecycle Operability: Comprehensive monitoring, metering, and cost allocation capabilities that turn GPU resources into truly operable digital assets.
Model Hub: Highest Overall Score in Model Management Platform Evaluation
Beyond compute orchestration, the report underscores the strategic importance of enterprise-grade model management platforms. As a powerful complement to Rise vGPU, Phancy ModelHub enables enterprises to build a complete full-stack AI infrastructure — from compute to models and from resource scheduling to business delivery.
The white paper notes that Phancy ModelHub delivers leading performance in key areas such as Model & Chip Compatibility, Execution Stability & Performance, and Model-GPU Coordination & Scheduling, achieving the highest Overall Score. Through its unified model management and execution platform, ModelHub creates a seamless closed-loop process covering model onboarding, deployment optimization, inference services, and version governance — significantly lowering the barrier to model deployment and accelerating AI innovation.
Dr. Dai Wenyuan, Founder & CEO of Phancy, said: “The Frost & Sullivan white paper accurately captures the inflection point in AI infrastructure development. The recognition of Rise vGPU as a Tier 1 Leading Platform and ModelHub’s top Overall Score provide important authoritative validation of Phancy’s technology strategy and product strength. As a full-stack AI cloud service platform, Phancy believes the next wave of competitiveness in the AI industry will come from systematic improvements in compute orchestration efficiency. We will continue to focus on heterogeneous compute unified scheduling and model ecosystem operations, working closely with customers and industry partners to advance China’s AI industry from ‘compute accumulation’ to a true ‘compute orchestration’ era.”
Hashtag: #PhancyGroup
The issuer is solely responsible for the content of this announcement.
About Phancy Group
Phancy Group (6682.HK) is a leading full-stack AI cloud services platform, providing comprehensive solutions for the AI 2.0 era. Our offerings include Rise vGPU, ModelHub and SageAIOS, delivering efficient and scalable AI infrastructure with end-to-end capabilities. We provide a complete solution from heterogeneous compute resource management and optimization to the deployment of intelligent agent models. These solutions empower digital transformation across a wide range of industries, supporting our vision of building a large-scale and efficient “Token Factory.”
Guided by the mission of “AI for Everyone” and positioned as the “Navigator of AI,” Phancy Group is committed to becoming a global leader in Artificial General Intelligence.
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