LOS ANGELES, January 28, 2025–(BUSINESS WIRE)–Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future,” “FF” or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, announced today that it has received the full net proceeds from the $30 million previously committed financing announced in December 2024.

This latest capital infusion can support both ongoing FF 91 2.0 deliveries in 2025 and FF’s dual brand operational requirements, which will also help progress the FX project this year. The Company continues to establish its position within the luxury AIEV market through its FF brand, while concurrently establishing its FX brand’s presence in the mass AIEV market.

ABOUT FARADAY FUTURE

Faraday Future is the pioneer of the Ultimate AI TechLuxury ultra spire market in the intelligent EV era, and the disruptor of the traditional ultra-luxury car civilization epitomized by Ferrari and Maybach. FF is not just an EV Company, but also a software-driven intelligent internet Company. Ultimately FF aims to become a User Company by offering a shared intelligent mobility ecosystem. FF remains dedicated to advancing electric vehicle technology to meet the evolving needs and preferences of users worldwide, driven by a pursuit of intelligent and AI-driven mobility.

FORWARD LOOKING STATEMENTS

This press release includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding the use of proceeds from the $30 million offering, future FF 91 2.0 deliveries, and establishing the Company’s second brand (FX), are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.

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Ondo Finance, a tokenized real-world asset platform, is bringing its $185 million U.S. Treasury token to the enterprise-focused XRP Ledger network to expand the offering for institutions, the companies said Tuesday.

The Ondo Short-Term US Government Treasuries (OUSG) token is backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and allows qualified investors to mint and redeem tokens around the clock near instantaneously using the Ripple’s RLUSD stablecoin. The deployment is set to go live within the next six months, Ondo Finance said in a blog post.

Both Ripple, the creator of XRP Ledger, and Ondo Finance committed seed investments in the token on the XRP Ledger for initial liquidity. They did not reveal the size of the allocations.

Tokenization of real-world assets (RWA) is a rapidly growing industry that involves representing traditional finance assets such as bonds, credit and funds on a blockchain. Participants do so in pursuit of faster settlements and increased efficiency compared with traditional banking plumbing.

Tokenized versions of U.S. Treasury notes spearheaded the trend, and have more than quadrupled over the past year to become a $3.5 billion asset class, rwa.xyz data shows.

“The 24/7 intraday settlement enabled by tokenized assets like OUSG marks a transformative shift in capital flow management, breaking free from traditional trading hours and slow settlements,” Markus Infanger, a senior vice president of RippleX, an XRP Ledger development firm, said in a statement. “These low-risk, high-quality liquidity options not only provide better accessibility for investors but also introduce greater stability to blockchain-based markets.

OUSG follows OpenEden’s TBILL as the second tokenized treasury product available on XRP Ledger. OUSG previously was available on Ethereum, Polygon and Solana.

In The Wolf of Wall Street Leonardo DiCaprio’s character rants about all the “hookers” he has encountered while in The Big Short Margot Robbie relaxes in a bubble bath to keep the audience captivated as she explains mortgage-backed bonds.

These “deeply disappointing” portrayals of women are symptomatic of the stereotypical way in which films and TV shows portray the world of finance, according to a study by King’s Business School.

The Alpha Portrayals report found that women were commonly addressed as “honey” or “sweetheart” and subject to derogatory comments about their appearance or lack of financial know-how. They were relegated to supporting roles as wives, mistresses or assistants amid overwhelmingly male-centric narratives in which the majority (83 per cent) of discriminatory behaviour was conducted by