News linked to both this project and an event.
According to The Paper, the case of Qian Zhimin, involving over 40 billion yuan in illegal fund-raising and more than 60,000 bitcoins, has seen new progress in China's judicial proceedings. On October 13, the Second Intermediate People's Court of Tianjin Municipality announced that it accepted the case on September 28 concerning an application by the Second Branch of the Tianjin Municipal People's Procuratorate to confiscate the illegal proceeds of criminal suspect Qian Zhimin. The assets targeted for confiscation include 61,896.41552945 bitcoins, 72,745.79502 Bitcoin Cash, 72,745.78555 Bitcoin Gold, 72,745.7845 Bitcoin SV, 3,605,989.9995 Ripple (XRP), 70,081,208.62553222 Dogecoin, as well as cash, jewelry, financial assets, and other items.
CSD BR, Brazil's securities registration, custody and settlement institution, announced a strategic partnership with Ripple. In the first phase of the collaboration, CSD BR will leverage the Multi-Purpose Token (MPT) standard on the XRP Ledger (XRPL) to tokenize investment fund shares under BTG Pactual and establish a mirror of ownership records.