Asia

Tabi Chain’s Mori Xu Wants to Redefine Consumer Finance

Tabi Chain co-founder Mori Xu believes her blockchain infrastructure will redefine consumer finance through on-chain identity and decentralized payments. She shares her thoughts on how Tabi Chain addresses long-standing consumer finance issues, including those in emerging markets. 1) Start by sharing a bit about your… Read More

Animoca Brands Obtains In-Principle Approval from ADGM’s FSRA

Animoca Brands announced it has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial center of Abu Dhabi, the Capital of the UAE, to operate as a regulated Fund Manager. Currently subject to the fulfillment of conditions and… Read More

Monetary Authority of Singapore Announces Completion of Equities Market Review

The Monetary Authority of Singapore (MAS) announced the completion of the Equities Market Review Group’s review and release of its final report. Key measures announced to strengthen the competitiveness of Singapore’s equities market: The establishment of a dual listing bridge connecting the Singapore Exchange (SGX)… Read More

Alpaca Introduces US Stock Execution Service for Japan’s SBI Securities

Alpaca, a global enabler of tokenization and brokerage infrastructure APIs providing access to options, stocks, ETFs, fixed income, and crypto, announced the roll-out of US stock execution service for SBI SECURITIES Co. Ltd, Japan’s online brokerage firm. This provides options for US stock execution and… Read More

Grab, StraitsX to Explore Web3 Wallet and Stablecoin Settlement for Asian Payments

Grab Holdings and Singapore-based stablecoin issuer StraitsX have signed a memorandum of understanding to explore building Web3-linked wallets and a stablecoin settlement network, the companies said. The partnership could let Grab users pay merchants across Asian markets using regulated digital tokens, per the announcement. Under… Read More

Animoca Brands, Hang Feng Technology Innovation Aim to Enable RWA Tokenization Ecosystem

Hang Feng Technology Innovation Co., Ltd. (NASDAQ: FOFO), a Cayman Islands holding company providing corporate management consulting and asset management services, and Animoca Brands, a global enabler of Web3 and digital property rights, announced that they entered into a “non-binding” memorandum of understanding for a… Read More

Philippines to Tighten Monitoring of Corporate-Financial Links

Philippine financial regulators will begin a comprehensive mapping of corporate linkages across the economy next year, as regulators watch property prices and credit growth, the Financial Stability Coordination Council (FSCC) said. The inter-agency body, chaired by central bank governor Eli Remolona, made the project a… Read More

Hex Trust, Fireblocks Partner to Support Digital Asset Custody Solutions in Asia, Middle East

Hex Trust, which claims to be a regulated digital assets financial institution, announced a partnership with Fireblocks, an enterprise platform for secure digital asset custody, settlement, trading operations, and stablecoin payments. This collab now positions Hex Trust as a key Qualified Custodian in the Fireblocks… Read More

SGX, Nasdaq Set Dual-Listing Bridge to Court Asian Growth Firms

SGX Group and Nasdaq have agreed to build a cross-border “Global Listing Board” that would let large companies list in Singapore and the United States using a more unified process, as the city-state tries to revive a stock market that has struggled to attract high-growth… Read More

ERP Fintech Tailor Completes Series A, Has Raised $37M to Date

Tailor, the headless ERP platform enabling modern retail and e-commerce brands to build fully composable business systems, has completed its Series A funding round, bringing total investment to $37 million. “We’re grateful to our investors and customers who share our belief that ERP should be composable and… Read More

India’s Central Bank Stays Cautious on Crypto as it Reviews Financial Rulebook

India’s central bank is taking a “very cautious” stance on cryptocurrencies and stablecoins, arguing that their volatility and potential to bypass safeguards could threaten financial stability, Reserve Bank of India (RBI) Governor Sanjay Malhotra said. Malhotra’s remarks, delivered in a memorial lecture at Delhi School… Read More

Hong Kong Exchanges and Clearing Ltd (HKEX) to Acquire Stake in Holding Co. of CMU OmniClear

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce that it entered into agreements in order to acquire a 20 per cent stake in the holding company of CMU OmniClear Limited, as the financial market infrastructure operators strengthen their partnership to advance the… Read More

First Abu Dhabi Bank to Enable Real-Time Payments Across Middle East

Thunes, the so-called Smart Superhighway to move money across the globe, announced that First Abu Dhabi Bank (FAB), the UAE’s Global bank, and one of the world’s largest financial institutions, has reportedly selected Thunes as its provider to support international mobile wallet payouts via its… Read More

Tether Supports Royal Thai Police, US Secret Service in Seizing $12M from Scam Network

Tether, which claims to be one of the largest companies in the digital assets industry, recently announced that it supported the Royal Thai Police and the United States Secret Service in a “coordinated” international operation that led to the seizure of approximately 12 million USDT… Read More

DigiFT, SBI Holdings to Enable Onchain Finance Solutions with New Initiative

DigiFT, a digital asset exchange for institutional-grade real-world assets (RWAs), and SBI Holdings (Nasdaq : SBHGF), one of Japan’s financial groups, announced the establishment of a joint venture company, SBI Onchain, in order to enable the ongoing adoption of onchain finance across Japanese and international markets…. Read More

Singapore’s StraitsX Raises $10m from UQPAY for Asia Expansion

StraitsX, a Singapore-based stablecoin settlement firm, has secured a $10 million strategic investment from cross-border payments provider UQPAY to fund regional expansion, while existing backer NTT Docomo also joined the round, the company said on Wednesday. StraitsX said the funding strengthens its ability to link… Read More

Monetary Authority of Singapore (MAS) Issues Major Payment Institution License to BC Payments

Banking Circle S.A. is pleased to announce that its wholly owned subsidiary BC Payments Pte. Ltd. has now reportedly been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). A key milestone in Banking Circle’s expansion strategy, BC Payments  Singapore… Read More

Singapore, Cambodia tie Up QR Code Systems To Enable Real-Time Retail Payments

Singapore and Cambodia have launched a cross-border QR code payment link that allows Cambodian visitors to pay at merchants across the city-state using their home-grown Bakong system and other mobile banking apps, the National Bank of Cambodia (NBC) said. Under the first phase, Cambodian travellers… Read More

HKMA Announces Next Phase of Project Ensemble to Enable Transactions in Tokenized Deposits

The Hong Kong Monetary Authority (HKMA) announced the launch of EnsembleTX, officially marking the start of the pilot phase of Project Ensemble.  This latest milestone unveiled by the HKMA represents an advancement in enabling real-value transactions involving tokenised deposits as well as digital assets within… Read More

National Bank of Kuwait Targets E-Wallets with Virtual IBAN, QR Cash Services

National Bank of Kuwait (NBK) has rolled out a new suite of fintech infrastructure services for licensed e-wallet providers and digital businesses, seeking to embed itself more deeply in Kuwait’s fast-evolving digital payments market, according to an announcement. The “FinTech Services” package includes virtual IBANs… Read More

Send this to a friend