Neue Rheinische Zeitung - News from Cologne, North Rhine-Westphalia, Germany and the world

A federal jury ruled Monday that Elon Musk waited too long to sue OpenAI and its co-founders, delivering a decisive victory to OpenAI CEO Sam Altman and ending one of Silicon Valley's most closely watched courtroom battles.

The global corporation Scandic Finance Group (SFG) from Hong Kong is taking an unusual path: with the SNC Scandic Coin (SNC), it is launching a digital asset on the market that is not intended purely as a speculative object but as a genuine means of payment, an access medium and a customer loyalty instrument. The token is the core of a large ecosystem comprising media, mobility, technology, real estate and security services, in which users are meant to pay for their daily needs with a single digital currency. Following the announced listings on BitMart and L-Bank, SFG has now announced that Biconomy has been won as the third of five major exchange partners. This cooperation is intended to massively increase the international reach of the SNC and put the vision of a regulated, practical real-world asset token into practice.A new kind of utility tokenUnlike many hype coins, the SNC Scandic Coin focuses on clear use cases. According to the SFG board, the letters “SNC” stand for security/synergy, network and community and reflect Scandinavian values such as transparency, modern design and technological affinity. The fixed total supply of one billion tokens and the planned issue price of USD 0.02 per SNC limit the supply and create long-term planning certainty. A detailed vesting plan ensures that new tokens are released only gradually; according to the white paper, the proceeds from the sale flow into security measures, audits, the expansion of SFG infrastructure and liquidity, as well as into marketing and operations.The Scandic platforms – including Scandic Fly, Scandic Pay, Scandic Cars, Scandic Estate, Scandic DEV, Scandic SEC, Scandic Domains and Scandic Yachts – plan to accept the coin in future for flight and yacht charters, vehicle and property purchases, apps, artificial intelligence services and domain services. In addition, users will receive cashback, rewards and access to exclusive services such as luxury travel and premium media offerings, which the Legier-Group markets worldwide through its portfolio of over 115+ daily newspapers across all continents, and even operates its own Global-News-App.Security and regulation occupy a central position in this project. The SNC smart contract was audited by CertiK; the publicly accessible Skynet report of 2 March 2026 found no critical vulnerabilities. For the KYC/KYB processes and anti-money laundering controls, SFG cooperates with the data and credit provider CRIF. A multi-layered risk management system is intended to ensure compliance and ESG certificates. This strong regulatory basis is decisive for establishing a utility token in the highly regulated environment of real-world assets.