Asia

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

Saudi Fractional Real Estate Platform Ghanem Raises $7.1m

Ghanem, a Saudi digital real estate platform focused on fractional ownership, has raised $7.1 million from Al-Romaih Group to fuel expansion and product development as the kingdom pushes to broaden investment access under its Vision 2030 agenda. Al-Romaih Group, described by Ghanem as one of… Read More

Singapore Runs First Live Issuance of Wholesale CBDC for Interbank Funding Market

Singapore’s central bank has completed a live trial of using a wholesale central bank digital currency (CBDC) to settle overnight interbank loans, moving its experiments with tokenised assets onto an operational test network. The Monetary Authority of Singapore (MAS) said the trial, conducted on its… Read More

Global Fintech Thunes to Enable Real-Time Mobile Wallet Payouts for Mashreq Clients

Thunes, the so-called “Smart Superhighway” to move money across the globe, announces a new collab with Mashreq, a financial institution in the MENA region, to launch real-time mobile wallet payouts for millions of Mashreq customers. Enabled by Thunes’ Direct Global Network, the partnership will allow… Read More

AURAS Pay Introduces Decentralized Payment Tech Platform in Dubai

AURAS Technologies MENA FZCO, a Dubai-based firm that is specialized in Distributed Ledger Technology (DLT) services, has recently announced the launch of AURAS Pay, which is described as a non-custodial decentralized payments platform that allows various merchants to accept and manage digital asset transactions directly… Read More

Singapore’s MAS and UK’s FCA Partner on AI in Finance Initiative

The Monetary Authority of Singapore (MAS) and the UK’s Financial Conduct Authority (FCA) have recently announced a new partnership on artificial intelligence in Finance between Singapore and the United Kingdom (UK) – termed the UK-Singapore AI-in-Finance Partnership. Announced at the Singapore FinTech Festival, the partnership… Read More

US Treasury Central Clearing Survey : American Firms Have Confidence in Readiness while Europe and Asia Lag Behind

SIFMA, BNY, Broadridge and The Depository Trust & Clearing Corporation (DTCC), in collaboration with The ValueExchange, today released findings from their “U.S. Treasury Central Clearing Pulse Survey”, which draws upon insights from global market participants. The survey, conducted by The ValueExchange, was meant to provide… Read More

CoinMENA, botim Partner to Enable Digital Assets Adoption

CoinMENA FZE, a digital asset platform licensed and regulated as a broker-dealer by VARA, and botim, Astra Tech’s fintech-first, AI-native platform, have signed a partnership. The agreement will now aim to allow for easier, compliant funding into CoinMENA accounts for millions of users in the… Read More

APAC Equities Remain Steady as AI Adoption and Easing Trade Tensions Improve Sentiment : Research

APAC equities stayed fairly resilient throughout this year as the trade uncertainty, ongoing political shifts, and the acceleration of AI continued to impact regional markets. The key driver was a strong AI-led rise in tech and semiconductor stocks, helping cushion wider volatility. As the new… Read More

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