OCBC (SGX: O39) says that it has become the first bank in Singapore to launch the sale of tokenized bonds to corporate accredited investors (corporate AIs), which are corporations that have net assets exceeding SGD 10 million. The tokenized bonds, which reference investment grade bonds,… Read More
A recent study by ApeX ranked the top ten countries leading in blockchain and cryptocurrency technology, withĀ Singapore taking the lead as a global hub for innovation. The study evaluated countries using a composite index, which reflects blockchain development and adoption through three core metrics:Ā blockchain patents,… Read More
Singapore-based insurtech firm bolttech has successfully raised over $100 million in its latest Series C funding round, according to a company statement released on Friday. The funding round was anchored by Dragon Fund, with significant participation from Liquidity and MUFG. Additional investors in the round… Read More
The Singapore headquarters of Sygnum ā a global digital asset banking group ā Sygnum Pte. Ltd. announced its partnership with Moomoo Singapore to distribute its multi-manager fund to accredited investors on moomoo, a digital investment and wealth management platform with “over 1 million users” in… Read More
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) announced the introduction of two new electronic payment solutions set to launch in mid-2025. These initiatives aim to facilitate the transition from traditional cheques to digital payments for both corporate and… Read More
Singapore’s TemasekĀ announced the formation of a wholly-owned private credit platform. Temasek explained that it has been investing in credit funds for more than 10 years, the announcement noted. In 2016, Temasek assembled a credit & hybrid solutions team to buildout its direct and fund investments… Read More
US e-commerce giant Amazon (NASDAQ:AMZN)announced that it has invested more than S$2 billion ($1.49 billion) across its retail and cloud businesses in Singapore in 2023, bolstering its presence in the Southeast Asian market and supporting over 10,000 indirect jobs. The investment encompasses capital expenditure on… Read More
WadzPay Worldwide Pte. Ltd., an innovator in the blockchain tech and financial services company, announced it secured a capital commitment of SGD 50 million in the form of a Share Subscription Facility (SSF) from GEM Global Yield LLC SCS. The SSF will now aim to… Read More
BitGo Singapore Pte. Ltd., a subsidiary of BitGo, Inc., announced its official launch to provide regulated digital asset custody, trading, settlement, and token management services to the APAC region. The launch comes after BitGo obtained its Major Payment Institution License from the Monetary Authority of… Read More
The Singapore e-commerce market is growing at a steady pace and is now expected to register a “strong” compound annual growth rate of “8.9% between 2024 and 2028 to reach SGD33.3 billion ($24.8 billion) in 2028,” forecasts GlobalData, a data and analytics company. GlobalDataās E-Commerce… Read More
FortiCard, a Singapore-based global Fintech firm, has announced the establishment of its subsidiary in the United States and the acquisition of a Money Services Business (MSB) license issued by the Financial Crimes Enforcement Network (FinCEN) under the U.S. Department of the Treasury. This development marks… Read More
QCP Trading Pte. Ltd. received an In-Principle Approval (IPA) for a Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS). The IPA represents a step toward “full” licensing, allowing QCP Trading to prepare to offer regulated spot trading services for digital payment… Read More
Tencent announced a partnership with Visa (NYSE: V) to introduce its palm recognition technology for digital payments in international markets. The service will first be rolled out in Singapore, where Visa cardholders from participating banks, including DBS, OCBC, and UOB, will be “part of the… Read More
Boxo, a “Super App” enabler, announced a partnership with Checkout.com, a payment solutions provider. By leveraging Checkout.com’s platform, Boxoās clients across MENA and SEA regions will benefit from payment solutions and the ability to deliver seamless customer experiences. This translates to seamless transactions and convenience… Read More
Coinbase (NASDAQ:COIN) is launching a new Engineering Hub in Singapore, supported by Singapore Economic Development Board, in order to foster the local developer ecosystem. Coinbase noted in a recent update that it is officially introducing an Engineering Hub in Singapore to support the local developer… Read More
Banque de France and Monetary Authority of Singapore conducted post-quantum cryptography experiment to enhance communication security. The Banque de France (BdF) and the Monetary Authority of Singapore (MAS) today announced the completion of a joint experiment in post-quantum cryptography (PQC) conducted across “continents over conventional… Read More
Anchorage Digital Singapore Pte Ltd has reportedly received approval as a licensed Major Payment Institution from the Monetary Authority of Singapore (MAS), marking a key milestone in our global expansion. With this license, Anchorage Digital Singapore now offers a complete, integrated solution including custody, staking,… Read More
The Monetary Authority of Singapore (MAS) has announced plans to support the commercialization of asset tokenization. The Monetary Authority of Singapore (MAS) officially announced on November 4, 2024 its plans to advance tokenization in financial services. These include: forming commercial networks to deepen liquidity of… Read More
The Monetary Authority of Singapore (MAS) announced the establishment of the Global Finance & Technology Network (GFTN), a new initiative designed to reinforce Singaporeās standing as a major global fintech hub while promoting international connectivity for impactful financial innovation. The GFTN aims to build on… Read More
Digital assets firm Gemini says it has received In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for its Major Payment Institution (MPI) license application under the Payment Services Act 2019 in order to provide cross-border money transfer as well as digital payment token… Read More
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