Asia

Avalanche Foundation Forms DLT Entity in Abu Dhabi Global Market for MENA Region Growth

The Avalanche Foundation has recently announced the formal incorporation of a Distributed Ledger Technology (DLT) Foundation within Abu Dhabi Global Market (ADGM), a milestone in Avalanche’s vision to support Web3 adoption, enterprise partnerships, and ecosystem growth across the MENA region. The DLT entity (The Avalanche… Read More

South Korea Fast-Tracks Stablecoin Law Debate

South Korea’s push to tighten rules for virtual assets is moving into a second legislative phase focused on stablecoins, as policymakers and financial firms step up discussions on how won-linked tokens could be issued and used, according to organisers of an industry forum. The second… Read More

Digital Assets Firm Circle Focuses on UAE Expansion with ADGM License

Circle Internet Group, Inc. (NYSE: CRCL), one of the world’s internet financial platform companies, announced a regulatory milestone in the United Arab Emirates as it strengthens its presence in the region. Circle has secured a Financial Services Permission (FSP) license from the Financial Services Regulatory… Read More

Capital A, Standard Chartered Malaysia to Explore Ringgit Stablecoin Under Central Bank Hub

Capital A Berhad and Standard Chartered Bank Malaysia have signed a letter of intent to explore the development and testing of a ringgit-denominated stablecoin, joining a growing list of firms looking to build regulated digital-asset rails for payments and settlements. The project would be pursued… Read More

Copper Securities to Expand Digital Assets Custody and Dealing Services in Abu Dhabi Global Market

Copper Securities (ME) Limited (CSL), a member of the global Copper Group, announced its intention to expand activities within Abu Dhabi Global Market (ADGM), focusing on Digital Asset custody, collateral management, and settlement solutions subject to regulatory approval by the Financial Services Regulatory Authority (FSRA)…. Read More

Abu Dhabi Courts Private Capital with Bain Tie-Up

The Abu Dhabi Investment Office (ADIO) has signed a strategic partnership with private investment firm Bain Capital to support Bain’s expansion in the emirate, linking the move to the launch of a new financial-services cluster aimed at fintech, insurance, digital assets and alternative investments. The… Read More

Alpaca, GoTyme Bank Partner to Introduce Digital Assets Trading in the Philippines

GoTyme Bank, which claims to be one of the fastest-growing banks in the Philippines and a JV between the Gokongwei Group and Tyme Group, announced the launch of its cryptocurrency investment feature. This launch was reportedly made possible in partnership with Alpaca, a global player… Read More

RIQ Teams Up with Swiss Re to Enable Risk, Data and AI enhanced Reinsurance Solutions

RIQ and Swiss Re have signed a Memorandum of Understanding to develop and scale innovative capacity solutions, risk origination opportunities, and AI-enabled capabilities across the UAE region. Headquartered in the ADGM, RIQ is building an AI native reinsurance platform that integrates artificial intelligence and analytics… Read More

Crypto.com, LuLuFin Partner to Enhance Digital Assets Services in Middle East

Crypto.com and LuLu Financial Holdings (LuLuFin) have announced a strategic partnership to develop regulated digital asset capabilities across multiple markets, starting in the UAE. The collab will reportedly integrate Crypto.com’s trading infrastructure, custody, and payment technologies with LuLuFin’s financial services and global network, while adhering… Read More

Global Fintech iCapital Expands Operations with UAE Office

iCapital has opened its first office in the Middle East in Abu Dhabi within ADGM, the international financial center of Abu Dhabi, the Capital of the UAE. The firm has received its in-principle approval for advisory and arranging services in the ADGM, which is subject to… Read More

Alpha Dhabi Holding, Mubadala JV Acquires European Direct Lending Portfolio Managed by Apollo

Alpha Dhabi Holding PJSC, which claims to be one of the fastest-growing investment holding companies in the MENA region, listed on the Abu Dhabi Securities Exchange (ADX: AlphaDhabi), and Mubadala Investment Company PJSC, an Abu Dhabi sovereign investor, have recently announced that their joint venture… Read More

Anchorage Digital to Enable New Stablecoin USDGO by OSL

Alexander Hamilton Money Dollars USD

Anchorage Digital will partner with OSL to issue a new dollar-based stablecoin – USDGO. OSL Group (HKEX: 863) is a Hong Kong-based stablecoin trading and payment platform for financial institutions and individuals. The company offers crypto trading, custody, payments, and tokenization services. Anchorage Digital and… Read More

Hong Kong Exchanges and Clearing Announces Expansion of Tech Focused Index Portfolio

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce an expansion of its index portfolio with the launch of the HKEX Tech 100 Index (HKEX Tech 100), the Group’s first Hong Kong equity index that underscores its ongoing investment in building further on… Read More

Fintech Setu Introduces Agentic Bill Payments Experience via ChatGPT and Claude

Setu by Pine Labs has recently announced the launch of India’s agentic bill-payments experience, designed to address key challenges in bill payments: the fear of incorrect charges and the burden of missing important due dates. Although actually paying a bill takes minutes, keeping track of… Read More

Fintech Airwallex Enables APAC Growth with Acquisition of Majority Ownership of Indonesian Payments Firm

Airwallex, a global enabler of business banking products, has recently announced that it acquired majority ownership of PT Skye Sab Indonesia, a PJP (Penyedia Jasa Pembayaran) Category 1 license holder. The acquisition allows Indonesian merchants aiming to expand overseas “to tap into Airwallex’s financial infrastructure.”… Read More

Aberdeen Investments Marks 20 Years of Operations in Malaysia

Aberdeen Investments marks its 20th year of business operations in Malaysia, reportedly completing two decades of steady growth and partnerships in this fast-evolving financial market. Since forming its Kuala Lumpur office back in 2005, Aberdeen has served a key role in contributing to Malaysia’s investment… Read More

Malaysia To Step Up Push Into Europe, Latin America and Africa To Boost Trade

Malaysia will intensify efforts to enter new markets in Europe, Latin America and Africa to boost trade and strengthen its position as a competitive trading nation, Prime Minister Anwar Ibrahim said on Sunday, according to state news agency Bernama. Speaking at the closing ceremony of… Read More

Tether’s Stablecoin USDT Now Recognized as Accepted Fiat-Referenced Token in Abu Dhabi’s ADGM

Tether, which claims to be one of the largest companies in the digital assets industry, has announced recently that USD₮ issued on a number of major blockchains has been formally recognised as an Accepted Fiat-Referenced Token (AFRT) within ADGM. The recognition allows Authorised Persons licensed… Read More

Crypto Exchange Binance Secures Global License Under ADGM Framework

Binance, which claims to be the world’s largest cryptocurrency exchange by trading volume and users, announced a regulatory update: The Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, the Capital of the UAE, has approved the authorisation of Binance’s… Read More

China Vanke Debt Crisis Exposes Major Cracks in Beijing’s Property Rescue Efforts, Report Reveals

China Vanke, which has been long regarded as one of the safest names in Chinese real estate, has now seemingly emerged as a stark example of the mounting strain within Beijing’s ongoing property rescue efforts. The critical inflection point was Vanke’s “first-ever” proposal to investors… Read More

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