Tagged: singapore

September 12, 2022 @ 8:54 am By JD Alois  |  

Tokenization, the process of making an asset digital typically by leveraging blockchain technology, is predicted to hit $16 trillion by 2030, according to a report by ADDX and Boston Consulting Group (BCG). The report, “Relevance of on-chain asset tokenization in ‘crypto winter’” is available here…. Read More

September 9, 2022 @ 11:51 am By JD Alois  |  

Leading Asian bank DBS is entering the metaverse to demonstrate how the virtual realm may be utilized for good. In partnership with The Sandbox, a subsidiary of Aninoca Brands, DBS will launch DBS BetterWorld. DBS is a Singapore-based bank that operates in 18 different markets… Read More

September 7, 2022 @ 11:58 pm By Omar Faridi  |  

With financial services globally and in Singapore shifting towards embedded finance, KPMG announced the launch of Singapore’s first Embedded Finance Hub with ambitions “to accelerate the adoption of embedded finance in the country.” The Hub, set to run for at least 2 years is expected… Read More

September 6, 2022 @ 11:39 pm By Omar Faridi  |  

Calastone, which claims to be one of the largest global funds networks, announced the opening of their regional headquarters in Singapore, “underpinning their aggressive growth strategy to expand product offerings and footprint across the Asia-Pacific (APAC) region.” Calastone claims it has been “disrupting the investment… Read More

September 5, 2022 @ 10:59 pm By Omar Faridi  |  

GXS Bank, the virtual bank joint initiative of ride-hailing company Grab Holdings and Singapore Telecommunications, have reportedly introduced a digital bank in Singapore. Nasdaq-listed Grab’s financial services have become a vital part of its business expansion strategy as it aims to provide banking, virtual payments,… Read More

September 5, 2022 @ 9:07 pm By Omar Faridi  |  

The virtual banking sector in Singapore has grown significantly in the past few years. Recently, the launch of Trust Bank was announced via a partnership between Standard Chartered and retailer FairPrice. The Southeast Asian challenger bank platform provides the typical retail banking service, along with… Read More

September 5, 2022 @ 8:39 am By Omar Faridi  |  

Amazon Web Services (AWS), an Amazon.com company, announced international insurtech bolttech has built a new customer support platform on AWS “to enhance services for more than eight million customers in 30 markets globally.” Singapore-based bolttech “connects insurers, distributors, and customers to make it easier to… Read More

August 30, 2022 @ 11:19 pm By Omar Faridi  |  

The Lightnet Group announced that it has secured a $50 million capital commitment from LDA Capital Ltd “to grow its infrastructure, operations, and expand its technological partner’s (Velo Labs Technology) blockchain technology.” Lightnet will “have the option to increase the $50 million to a total… Read More

August 29, 2022 @ 12:47 pm By JD Alois  |  

MAS Supports Digital Asset Innovation, No Ban on Crypto Trading but Seeks to Limit Retail Access Singapore is a top global Fintech hub and the leading Asian center for innovation in financial services. The Monetary Authority of Singapore (MAS) has long aided the digitization of… Read More

August 28, 2022 @ 11:51 pm By Omar Faridi  |  

Fintech Revolut, the global financial superapp with over 20 million customers, has appointed Raymond Ng as Singapore CEO “as it continues to grow in Singapore.” The new appointment “follows Revolut recently announcing the launch of its crypto products in Singapore.” Revolut‘s customer base in Singapore… Read More

August 22, 2022 @ 10:02 am By JD Alois  |  

Funding Societies, a Southeast Asian SME finance provider, has gained a USD $50 million credit facility from HSBC Singapore. The additional capital will be utilized to provide financing to underserved SMEs in the region. Funding Societies reports that commercial lending in Asia Pacific is expected… Read More

August 21, 2022 @ 8:52 pm By JD Alois  |  

Surge a “rapid scale up program” for Southeast  Asia, has announced its 7th cohort including 15 startups. Surge is operated by Sequoia Capital India and Sequoia Capital Southeast Asia. The accelerator actively partners with founders from a wide range of companies, across categories, including BYJUs,… Read More

August 21, 2022 @ 8:02 pm By Omar Faridi  |  

The team at Gemini are pleased to announce the launch of Gemini Staking, which allows you to seamlessly “receive staking rewards in [their] Gemini account.” As of August 18, you may “start staking MATIC on the Polygon network.” Ethereum (ETH), Solana (SOL), Polkadot (DOT), and… Read More

August 18, 2022 @ 4:36 pm By JD Alois  |  

FOMO Pay, a regulated major payment institution based in Singapore, has raised a $13 million Series A round led by Jump Crypto. Other investors in the round include HashKey Capital, Antalpha Ventures, Ab Initio Capital, and Republic Capital. FOMO Pay provides a host of Fintech… Read More

August 16, 2022 @ 1:07 am By Omar Faridi  |  

Syfe, which claims to be a leading digital investment platform headquartered in Singapore officially launched in Australia. This is Syfe’s third market “after its launch in Hong Kong last quarter.” In July, Syfe celebrated its third anniversary and “revealed that it had reached a significant… Read More

August 13, 2022 @ 7:22 pm By Omar Faridi  |  

Southeast Asia-based Regtech company Tookitaki recently revealed that it has launch operations in the Philippines via a collaboration with payment gateway provider Paymongo. Tookitaki is based in Singapore and offers comprehensive financial crime solutions to major financial institutions. Ahead of its launch, Tookitaki had teamed… Read More

August 10, 2022 @ 9:55 pm By Omar Faridi  |  

Nearly 70 female secondary students across 26 schools in Singapore got the opportunity “to develop technology solutions for real world problems” in the country’s second annual edition of GenerationTech – J.P. Morgan’s flagship youth program that “aims to close the gender gap in technology careers.”… Read More

August 8, 2022 @ 10:22 am By JD Alois  |  

Hodlnaut, a Singapore-based crypto platform, has halted all withdrawals, token swaps, and deposits – effective immediately. Holdlnaut is a crypto lending and borrowing platform that was founded in 2019 by Bitcoin maximalists Juntao Zhu and Simon Lee. Hodlnaut supported seven different digital assets: BTC, WBTC,… Read More

August 7, 2022 @ 7:07 pm By Omar Faridi  |  

Network for Electronic Transfers (NETS), which is Singapore’s payment services group, and National ITMX, Thailand’s inter-bank payment infrastructure and central data processing system, recently confirmed the expansion of their cross-border QR payment partnership. This collaboration will aim to support inbound and outbound international payments between… Read More

August 4, 2022 @ 11:27 pm By Omar Faridi  |  

Bitso, the cryptocurrency platform in Latin America with over 5 million users, and Everest, the “first” licensed crypto custodian offering stablecoins, announced their partnership to provide Everest users “with the ability to receive cross-border transactions from the US, Europe, and Singapore into Mexico.” The Mexico-US… Read More