Pune-headquartered FPL Technologies, which operates credit card issuance and virtual payments platform One Card, has reportedly acquired about $25.5 million in new funding via an investment round that was led by QED Investors. Peak XV Partners, Z47 (formerly known as Matrix Partners India) and Better… Read More
Read more in: Asia, Fintech | Tagged fpl technologies, one card, pune, qed investors
Fireblocks has strengthened its presence in the Asia-Pacific region by establishing a regional office in Tokyo, Japan. According to the update from Fireblocks, Japan is said to be emerging as a key player in institutional blockchain adoption, driving Fireblocks to grow its presence by providing… Read More
Read more in: Blockchain & Digital Assets, Asia | Tagged Fireblocks, japan, wallet
BitGo reports that it has submitted an application to establish its Taiwan-based entity, BitGo Taiwan. This furthers their commitment to supporting demand for digital assets within APAC by providing clients with secure solutions. Establishing this entity paves the way for an application to the FSC… Read More
Read more in: Asia, Blockchain & Digital Assets | Tagged bitgo, Crypto Adoption, digital assets, taiwan
Digital asset platform Taurus SA is expanding into Turkey, according to a note distributed by the firm. Taurus shares that the new office is due to the new regulatory framework for digital assets. The expansion is also expected build upon a presence in Dubai and… Read More
Read more in: Blockchain & Digital Assets, Asia, Global | Tagged switzerland, taurus, turkey
Crypto industry firms Circle Internet Group Inc. and Binance have joined forces in a partnership announced at Abu Dhabi Finance Week that will expand adoption of USDC and support the development of the global digital assets and wider financial services ecosystem. With the growth and… Read More
Read more in: Blockchain & Digital Assets, Asia, Global | Tagged binance, circle, digital assets, stablecoins
Paxos, the regulated blockchain and tokenization infrastructure platform, has partnered with Standard Chartered to enhance Global Dollar (USDG) and Lift Dollar (USDL) reserve management. Through this collaboration, Standard Chartered will provide cash management, trading, and custody services, strengthening the infrastructure supporting the “trusted” digital assets… Read More
Read more in: Blockchain & Digital Assets, Asia, Global | Tagged paxos, stablecoins, standard chartered, tokenization, uae
Airwallex reported strong YoY growth across the APAC region as the global payments and financial operating platform for businesses. In Q3, Airwallex delivered an 83 percent revenue increase YoY and grew transaction volume by “49 percent YoY across the APAC region, as well as significant… Read More
Read more in: Global, Asia, Fintech | Tagged airwallex, apac, Cross-Border Transactions, fintech adoption, global payments
Alpaca noted that it is cementing its self-clearing foundation through its DTCC membership and product launches, including Options Trading and High Yield Cash Accounts. Alpaca, a brokerage infrastructure tech firm and self-clearing broker-dealer, delivering execution and custody solutions for Stocks, ETFs, and Options, that support… Read More
Read more in: Asia, Fintech, Investment Platforms and Marketplaces | Tagged alpaca, derayah financial, investing, middle east, saudi arabia, trading
CIMB Bank Philippines will not seek a digital banking license from the Bangko Sentral ng Pilipinas (BSP), opting instead to enhance its digital banking capabilities using its existing commercial banking license. The bank believes this approach provides sufficient flexibility to introduce a broader range of… Read More
Read more in: Asia, Fintech | Tagged banking, cimb, CIMB Philippines, digital bank, digital banking, Philippines
Indonesia-based real estate marketplace Lamudi, a subsidiary of Australia’s Digital Classifieds Group, announced the acquisition of Ideal, a Fintech aggregator specializing in mortgage products in Indonesia. This strategic move aims to integrate mortgage facilitation into Lamudi’s platform, offering a more comprehensive solution for property buyers… Read More
Read more in: Fintech, Asia | Tagged acquisition, ideal, indonesia, Lamudi, mortgages
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) announced the introduction of two new electronic payment solutions set to launch in mid-2025. These initiatives aim to facilitate the transition from traditional cheques to digital payments for both corporate and… Read More
Read more in: Asia, Fintech | Tagged abs, association of banks in singapore, mas, payments, singapore
Singapore’s Temasek announced the formation of a wholly-owned private credit platform. Temasek explained that it has been investing in credit funds for more than 10 years, the announcement noted. In 2016, Temasek assembled a credit & hybrid solutions team to buildout its direct and fund investments… Read More
Read more in: Asia, General News | Tagged investing, private credit, singapore, temasek
Ant International has joined Swift’s Network Interoperability Reference Implementation program, becoming part of a select group of global payment service providers (PSPs) working to enhance interoperability across cross-border payment systems. The initiative, announced on Friday, is structured as a pre-pilot designed to improve payment transparency… Read More
Read more in: Asia, Fintech | Tagged ant international, Network Interoperability Reference Implementation, swift
Themis, a global firm that’s focused on financial crime prevention, announces the official launch of Tathabbat. This reportedly marks an important step in Saudi Arabia’s fast-growing compliance landscape, aligning with Vision 2030 as well as the Middle Eastern nation’s ongoing push to adopt innovative Know-Your-Finance… Read More
Read more in: Asia, Regtech & Legaltech | Tagged financial crime, mena, saudi arabia, tathabbat, themis
US e-commerce giant Amazon (NASDAQ:AMZN)announced that it has invested more than S$2 billion ($1.49 billion) across its retail and cloud businesses in Singapore in 2023, bolstering its presence in the Southeast Asian market and supporting over 10,000 indirect jobs. The investment encompasses capital expenditure on… Read More
Read more in: Asia, General News | Tagged amazon, asia, aws, singapore
Taiwan’s Financial Supervisory Commission (FSC) has recently announced a considerable acceleration of its anti-money laundering (AML) regulatory guidelines for digital currency service providers. The Taiwanese authority has confirmed that it moved the registration deadline to November 30, 2024 from the initial January 1, 2025 date…. Read More
Read more in: Asia, Blockchain & Digital Assets, Politics, Legal & Regulation | Tagged aml, anti money laundering, Crypto Regulations, taiwan
ADGM, the international financial centre (IFC) of Abu Dhabi, announced another quarter of steady growth, with a number of key achievements for the third quarter (Q3) of 2024 across various metrics. The results are said to underscore ADGM’s role in Abu Dhabi’s strategic goal to… Read More
Read more in: Asia, Fintech, Politics, Legal & Regulation | Tagged abu dhabi, adgm, mena region, progress report, uae
Monochrome Asset Management is pleased to announce that it has expanded its custody solution by onboarding BitGo Trust Company, Inc to its list of crypto-asset custodians for the Monochrome Bitcoin ETF (IBTC) and Monochrome Ethereum ETF (IETH). This partnership reportedly aligns with Monochrome’s growth initiatives… Read More
Read more in: Asia, Blockchain & Digital Assets | Tagged bitcoin, bitgo, custody, digital assets, ethereum, monochrome asset management
Hong Kong is reportedly planning to waive taxes on investment gains made from cryptocurrencies as well as other alternative assets for hedge funds, private equity funds and various family offices as the city-state aims to improve its attractiveness as a wealth management center. In a… Read More
Read more in: Asia, Blockchain & Digital Assets, Politics, Legal & Regulation | Tagged capital gains, crypto-assets, hong kong, taxes
The Asian Development Bank and the Mastercard Impact Fund, administered by the Mastercard Center for Inclusive Growth, have signed a memorandum of understanding to establish a partnership aimed at supporting micro, small, and medium-sized enterprises (MSMEs) across Asia and the Pacific. The initiative will initially… Read More
Read more in: Global, Asia | Tagged asian development bank, Bhagrav Dasgupta, Jon Huntsman, mastercard
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