ASX:KLV

2 stories mentioning ASX:KLVUpdated 21d ago

Every FINWIRES story that references ASX:KLV, newest first.

Klevo Rewards Plans Stablecoin Trial Launch by June 30; Shares Fall 4%

Klevo Rewards (ASX:KLV) said it plans to launch a trial of its KLVAUD Australian dollar-backed stablecoin by June 30, according to a Monday filing with the Australian bourse.The company's Fly Wallet subsidiary received legal advice indicating that the stablecoin may qualify as an eligible stablecoin under the current regulatory framework, subject to conditions, per the filing.KLVAUD is planned to be fully backed one-to-one by Australian dollars held in segregated reserve accounts, and aims to support Fly Wallet's broader payments system, the company said.Klevo Rewards shares fell 4% in recent Monday trade.

ASX:KLV

Asia25d ago

Klevo Rewards Names Chief Investment Officer

Klevo Rewards (ASX:KLV) appointed Andrew Shi as an executive director and Chief Investment Officer of the firm, effective Wednesday, according to a Thursday Australian bourse filing.Its shares rose 1% in recent trading on Thursday.

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