
Jakarta, Indonesia, Nov. 21, 2024 (GLOBE NEWSWIRE) -- The digital investment world is buzzing with excitement thanks to Asterion's latest breakthrough. The company has officially launched Asterion Token, a cutting edge blockchain-based token designed to bridge real-world assets (RWA) with the rapidly expanding digital ecosystem. This game-changing innovation promises to reshape the future of investments. Asterion Token has arrived as a revolutionary solution, seamlessly integrating blockchain technology to offer inclusive, secure, and transparent investment access. With an efficient and verified system, this token opens the door for the public to participate in the once-hard-to-reach digital investment market. Backed by a robust ecosystem, Asterion Token is not just an investment tool, it's a platform that simplifies asset management, making it practical, secure, and reliable for everyone. With every transaction, Asterion Token guarantees transparency and security, instilling trust among investors. This launch aims to open new opportunities, allowing the public to capitalize on the rapidly growing digital asset market. Asterion also hopes to accelerate blockchain adoption in Indonesia and expand access to digital investments. Investors will now have the chance to own digital stakes in high-value physical assets, including luxury resorts, commercial properties, mines, and commodities. The token will be launched on The Open Network (TON) blockchain, creating a powerful synergy between the digital world and real-world assets. Transforming Real World Assets with Asterion's RWA Project One of Asterion's flagship projects is the tokenization of luxury resorts in Bali, including Kampung Resort Ubud and King Dragon Residence. These resorts are now part of Asterion's real-world asset portfolio, offered within its ecosystem. Through the tokenization process, these assets provide a stable, measurable investment value while offering full transparency to token holders. By combining physical assets with blockchain technology, Asterion creates new investment opportunities accessible to a wide range of people, ensuring intrinsic value for each token issued. Asterion Ecosystem: More Than Just Investment Unlike traditional NFTs (Non-Fungible Tokens), NFT Asterion directly connects digital ownership with real-world assets. Each NFT holder is entitled to earn revenue from the physical assets backing the token. "Through NFT RWA, we offer a more inclusive, transparent, and secure investment opportunity, while empowering communities and increasing asset liquidity,” said Wiryanatha Wijaya, CEO of Asterion and founder of Monster Group, one of Asia's leading IT companies. Technological Support for Local Empowerment Asterion's commitment to local empowerment is embodied through the Media Desa platform. Media Desa supports communication between villages across Indonesia, utilizing blockchain technology to boost local economic growth. "Asterion, through Media Desa, strives to make communities active participants in the blockchain ecosystem. They can transact using Asterion's crypto-based token while also contributing to the economic development of their regions,” explained Rudi Cahyadi, Co-Founder of Asterion. Asterion Ecosystem It's More Than Just Investment Asterion also offers an innovative payment solution through AsterPay, which supports a variety of digital transactions, including Decentralized Exchange (DEX), crypto ATMs, international remittances, and crypto payments. With AsterPay, users can enjoy fast, secure, and efficient transactions. Looking forward, Asterion plans to expand its portfolio into other sectors, such as agriculture and mining, which will also be tokenized to provide broader access to global investment opportunities. Exploring DeFi and Asterion's Cutting Edge Advantages In its ecosystem, Asterion also integrates the concept of Decentralized Finance (DeFi), a technology that enables financial services without traditional intermediaries, offering high levels of transparency, security, and accessibility for investors. With the support of blockchain technology and a forward-looking approach, Asterion is committed to spearheading the development of digital investments connected to real-world assets. By bridging the gap between digital and physical markets, Asterion aims to provide secure, transparent, and accessible investment opportunities, reshaping the future of global finance. About Asterion Asterion is a digital investment platform that connects real-world assets with blockchain technology. By harnessing the power of NFTs and tokenization, Asterion provides easy access to a variety of global assets offering stable value and high transparency. Backed by an experienced team. Asterion aims to deliver innovative blockchain solutions to the global market by linking the digital world and real-world assets through Asterion Token and NFT RWA. The platform is designed to be secure, transparent, and accessible to anyone, making investment opportunities more inclusive and trustworthy. For more information, visit: Website: https://asterion.finance Twitter: https://twitter.com/AsterionGlobal Instagram: https://www.instagram.com/asterion.token YouTube: https://www.youtube.com/@AsterionOfficial/videos Telegram: https://t.me/asterionglobal Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. CONTACT: Aidah Dewi Info-at-asterion.finance
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MAI Capital Management trimmed its position in UFP Industries, Inc. ( NASDAQ:UFPI – Free Report ) by 13.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,179 shares of the construction company’s stock after selling 808 shares during the quarter. MAI Capital Management’s holdings in UFP Industries were worth $680,000 as of its most recent SEC filing. Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in UFP Industries by 300.0% in the 3rd quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock valued at $25,000 after acquiring an additional 144 shares during the period. Headlands Technologies LLC bought a new position in UFP Industries in the 2nd quarter valued at about $29,000. Signaturefd LLC raised its holdings in UFP Industries by 31.8% in the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock valued at $41,000 after acquiring an additional 76 shares during the period. Triad Wealth Partners LLC bought a new position in UFP Industries in the 2nd quarter valued at about $56,000. Finally, GAMMA Investing LLC raised its holdings in UFP Industries by 84.2% in the 2nd quarter. GAMMA Investing LLC now owns 512 shares of the construction company’s stock valued at $57,000 after acquiring an additional 234 shares during the period. 81.81% of the stock is owned by institutional investors. UFP Industries Stock Up 2.0 % Shares of UFPI opened at $133.07 on Friday. UFP Industries, Inc. has a 12 month low of $107.49 and a 12 month high of $139.54. The firm’s 50 day moving average is $130.63 and its 200-day moving average is $122.32. The stock has a market capitalization of $8.08 billion, a PE ratio of 18.30 and a beta of 1.39. The company has a current ratio of 4.31, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. UFP Industries Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 0.99%. UFP Industries’s dividend payout ratio is 18.16%. Analyst Upgrades and Downgrades Several research analysts have weighed in on UFPI shares. BMO Capital Markets increased their price target on shares of UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Wedbush reissued an “outperform” rating and issued a $155.00 price target on shares of UFP Industries in a report on Monday, November 4th. Benchmark raised their target price on shares of UFP Industries from $133.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus raised their target price on shares of UFP Industries from $125.00 to $157.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, UFP Industries currently has an average rating of “Moderate Buy” and a consensus price target of $148.00. Get Our Latest Stock Analysis on UFPI UFP Industries Company Profile ( Free Report ) UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and non-wood composites, and other materials in North America, Europe, Asia, and Australia. It operates through Retail, Packaging, and Construction segments. The Retail segment offers treated lumber products, including decking, fencing, lattice, and other products; pressure-treated and fire-retardant products used primarily for outdoor decking environments; and lawn and garden products, consisting of wood and vinyl fencing options, garden beds and planters, pergolas, picnic tables, and other landscaping products. Featured Articles Want to see what other hedge funds are holding UFPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UFP Industries, Inc. ( NASDAQ:UFPI – Free Report ). Receive News & Ratings for UFP Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UFP Industries and related companies with MarketBeat.com's FREE daily email newsletter .
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