Michael Wong

BioMatrix Launches Human Participation Network for AI Economy at Consensus 2026

BioMatrix has launched a new platform it says will help AI projects secure verified human participation as companies grapple with the rapid spread of synthetic content online. The company launched BioMatrix 3.0, which it describes as a “human participation network” for the AI economy, at… Read More

Jito Foundation, Solana Company Team Up to Expand Institutional Solana Infrastructure in APAC

Jito Foundation has teamed up with Nasdaq-listed Solana Company to expand institutional-grade Solana validator and staking infrastructure across the Asia-Pacific region. The move comes as blockchain networks compete to attract regulated financial institutions and professional investors, analysts said. Per the announcement, the partnership will see… Read More

Kraken, MoneyGram Partner to Tackle Crypto’s Cash-Out Problem

Crypto exchange Kraken is partnering with MoneyGram to allow customers convert digital assets into cash through the money transfer firm’s global retail network. The move addresses one of crypto’s long-running practical challenges: moving funds from digital weallets into local currency. The companies said Kraken users… Read More

Stablecoin Firm Mesta Expands Platform as Startups Target Business Treasury

Stablecoin infrastructure startups are heading into corporate treasuries as businesses seek faster, cheaper ways to manage cross-border money. Among them is Mesta, which is expanding its platform beyond payments into accounts, wallets, yield, and card products, according to an announcement. The Miami-based company said it… Read More

Wire Wallet Sets May 27 Launch for ‘Active Wallet’ Crypto App

Miami-based crypto startup Wire Wallet said it will launch its crypto wallet app on May 27, introducing what it describes as an “active wallet” designed to execute financial actions. The wallet will act on behalf of users within rules and guardrails they define, per the… Read More

Nasdaq-listed OwlTing Bets on AI-driven Payments with Stablecoin Wallet Launch

Taiwan-based blockchain technology firm OwlTing Group said it has launched a self-custody digital wallet designed for AI agents, betting on the rise of “agentic commerce” where AI systems can make payments and conduct transactions on behalf of users. The Nasdaq-listed company said its new OwlPay… Read More

Featherless.ai Raises $20 Million Series A to Scale Open-Source AI Infrastructure

Featherless.ai, a Singapore-based artificial intelligence infrastructure firm, has secured $20 million in Series A funding to expand its platform for deploying open-source AI models. The round was co-led by AMD Ventures and Airbus Ventures, with participation from BMW i Ventures, Kickstart Ventures, Panache Ventures, and… Read More

MAS Advances SGX-Nasdaq Dual Listing Framework to Support Cross-Border Capital Formation

The Monetary Authority of Singapore (MAS) has moved forward with proposed changes to the Securities and Futures Act 2001 that would make it easier for companies to pursue dual listings on the Singapore Exchange and overseas markets. The proposed framework is designed to support the… Read More

Ant International’s Global Network Surpasses 150M Merchants on AI Commerce Push

Digital payments major Ant International announced that its global network now connects more than 150 million merchants with over 2 billion user accounts. The growth comes as the fintech firm expands its payments, cross-border commerce, and AI-driven financial services infrastructure, according to an announcement. The… Read More

VaultsPay, Mastercard Tie-Up Points to Growing Competition in UAE Digital Payments

UAE-based Fintech VaultsPay has entered into a strategic collaboration with Mastercard, in a move that could strengthen its card issuance and merchant acquiring capabilities as competition intensifies in the country’s digital payments market. Under the agreement, VaultsPay will use Mastercard’s global network and payments technology… Read More

OxPay Secures Bhutan Payment Licence as Stablecoin Payments Push Moves Ahead

Singapore-listed OxPay Financial has secured a financial services license for its Bhutan subsidiary, Oxygen7, allowing the company to move ahead with a crypto-enabled payments platform in Gelephu Mindfulness City. The license, granted by the Gelephu Financial Services Office on April 29, authorizes Oxygen7 to provide… Read More

Carlyle Backs CC Capital’s Insignia Financial Acquisition with Preferred Equity Financing

Carlyle Group has announced providing preferred equity financing to support CC Capital Partners in its acquisition of Insignia Financial Ltd, a major player in Australia’s retirement and wealth management sector. The financing is made throug its Global Credit platform. Insignia Financial, listed on the Australian… Read More

HKMA Warns Public Over Fake Tokens Linked to Licensed Stablecoin Issuers

The Hong Kong Monetary Authority has warned the public about tokens falsely claiming to be linked to licensed stablecoin issuers, as the city begins rolling out its regulated stablecoin framework. The HKMA said tokens using the tickers “HKDAP” and “HSBC” have appeared in the market,… Read More

Southeast Asia Leads Asia in Fintech Density, Study Finds

Southeast Asia is emerging as Asia’s most concentrated Fintech market, underscoring both the region’s maturity and the significant growth potential in less-developed ecosystems across the continent, according to a new study. The analysis by Singapore-based UnaFinancial found that Southeast Asia hosts an average of 14… Read More

Robinhood Secures Singapore Approval to Launch Brokerage Services

Robinhood (NASDAQ:HOOD)  has received in-principle approval from the Monetary Authority of Singapore (MAS) to offer brokerage services in the city-state, marking a key step in the U.S.-based fintech firm’s expansion into Asia’s fast-growing retail investment market. The approval allows Robinhood to move closer to launching a… Read More

Malaysia, Microsoft Launch AI Skilling Push As Digital Economy Ambitions Grow

Malaysia’s Ministry of Digital and Microsoft have launched Microsoft Elevate, a national artificial intelligence (AI) capacity-building initiative to strengthen the country’s AI talent pipeline as it seeks to become a regional AI hub. The program, aligned with Malaysia’s AI Nation 2030 ambitions, expands the country’s… Read More

SE Asia PE Deal Value Falls to $14.3bn As Exits Remain Constrained: Bain

Southeast Asia’s private equity market remained under pressure in 2025 as deal value declined and exit activity weakened, highlighting ongoing liquidity challenges for private capital investors, according to a new report by Bain & Company. Total deal value in the region fell about 10% year-on-year… Read More

DBS, Singapore Agencies Expand GenAI Programme to Support SME Digital Transformation

Singapore SMEs do not appear to lack interest in artificial intelligence. What many lack is a clear starting point, and the financing, partners, and safeguards to move from experimentation to deployment. DBS, Enterprise Singapore and the Infocomm Media Development Authority are seeking to address that… Read More

Cross-Border QR Payments Gain Ground as Vietnam, Korea Connect Retail Networks

For South Korean travelers in Vietnam, paying for coffee, taxis, or hotel bills may soon feel much more like paying at home. BIDV, Vietnam National Payment Corporation (NAPAS), South Korea’s KEB Hana Bank, and GLN International have launched a cross-border QR code payment service linking… Read More

Singapore Gulf Bank Launches Stablecoin Mining Service As Banks Deepen Digital Asset Push

Financial institutions are moving further into blockchain-based settlement infrastructure, with Singapore Gulf Bank (SGB) launching a stablecoin minting and redemption service aimed at corporate and high-net-worth clients. The Bahrain-based lender said the new offering enables clients to convert fiat currencies into digital tokens, and vice… Read More

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