Michael Wong

Hong Kong Releases Transition Finance Guide for Technology Sector

Hong Kong regulators and market participants have released a sector-focused transition finance guide for the technology industry, as the city seeks to give banks, investors, and issuers more practical tools for assessing climate transition plans in digital infrastructure and ICT financing. The Hong Kong Green… Read More

Singapore Central Bank Eases Advice Rules for Complex Investment Products in Singapore

Singapore’s central bank will ease some rules governing the sale of complex investment products to retail investors, as regulators seek to balance investor protection with growing demand for self-directed investing platforms and digital financial services. The Monetary Authority of Singapore (MAS) said it will proceed… Read More

Qatar Launches $30 Million Deep-Tech Venture Fund

Qatar has launched a $30 million deep-tech venture fund that will invest in early-stage startups headquartered in the country that are developing tech with measurable social or climate impact. The fund adds to a wave of state-backed investment vehicles across the Gulf aimed at attracting… Read More

Australia’s NEXTDC Opens $720m AI Data Center in Malaysia

Australia’s NEXTDC has opened a $720 million data center in Malaysia, betting on rising demand for AI infrastructure and cloud services in Southeast Asia as governments and companies race to expand digital capacity. The facility, known as KL1 Kuala Lumpur, marks NEXTDC’s first international expansion and comes… Read More

AI Startup Recursive Superintelligence Secures $650M

Recursive Superintelligence has raised $650 million at a $4.65 billion valuation in a funding round led by GV and Greycroft, according to the company. The round also included participation from AMD Ventures and NVIDIA, placing the stealth-mode AI lab among a growing group of venture-backed… Read More

Fasset Raises $51 Million to Expand Stablecoin Banking Platform

Los Angeles-headquartered fintech Fasset said it raised $51 million in a Series B funding round backed by SBI Group, Investcorp, Arz Portföy, and strategic family offices. The round comes as the company looks to expand stablecoin-powered banking and cross-border payment services across emerging markets, according… Read More

SE Asia Superapp Grab Posts Higher YoY Revenue in Q1

Southeast Asia’s food delivery market is becoming a structural part of household spending rather than a pandemic-era habit, BMI Country Risk and Industry Research said, pointing to Grab Holdings’ record first-quarter results as evidence of a broader shift in consumer behavior. Singapore-based Grab reported first-quarter… Read More

Singapore Retains Strong Global Standing in Fight Against Illicit Finance

Singapore retained its position among the world’s stronger jurisdictions for combating illicit finance after the Financial Action Task Force (FATF) said the city-state has a “robust and effective” framework to counter money laundering, terrorism financing, and proliferation financing. The development comes as regulators push for… Read More

ADB pledges $30bn for ASEAN resilience, power grid and capital markets

The Asian Development Bank (ADB) said it plans to mobilize $30 billion by 2030 to help Southeast Asian nations strengthen economic resilience, deepen capital markets, and accelerate regional energy connectivity as the bloc faces mounting geopolitical and economic uncertainty. ADB President Masato Kanda announced the commitment during the 48th… Read More

Inveniam Launches Blockchain Audit Layer for AI Agents in Finance

As regulators tighten scrutiny of artificial intelligence in finance, blockchain infrastructure firms are racing to build systems that can prove how autonomous AI agents make decisions. Inveniam Capital Partners, a data infrastructure company for private markets, launched NVNM Chain, a Layer 2 blockchain designed to… Read More

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

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