Tagged: singapore

January 6, 2022 @ 9:29 am By JD Alois  |  

Payments Fintech Wirex has added another stablecoin to its platform. According to Wirex, XSDG, a Singapore dollar backed stablecoin is now available alongside other popular stablecoins. Currently, Wirex offers six stablecoins; STASIS EURO (EURS), True (TUSD), USD Coin, (USDC), Tether (USDT), USDP, and now XSGD…. Read More

January 6, 2022 @ 8:01 am By Omar Faridi  |  

Digital banking platform Revolut has reportedly acquired approval from the Monetary Authority of Singapore (MAS) to provide clients with gold and silver exposure via the firm’s Fintech app. Revolut‘s management noted that they aim to introduce the service to their Singapore clients this year. After… Read More

January 5, 2022 @ 10:56 pm By JD Alois  |  

Radar Payments by BPC has been by Red Dot Payment (RDP), an e-commerce service focused primarily on serving the e-commerce and hospitality verticals. According to a release, RDP has selected the Fraud Risk Management and Prevention solutions delivered as a SaaS model. RDP was founded… Read More

January 5, 2022 @ 2:12 pm By Omar Faridi  |  

The VeChain Foundation, a non-profit entity established in Singapore, recently revealed that they’re pleased to confirm that following months of development, the contract for VeUSD, VeChain’s first native stablecoin, will “soon go live on mainnet, ushering in a new era for VeChainThor.” With their international… Read More

December 30, 2021 @ 11:07 am By Omar Faridi  |  

Zhikai Chen, Head of Asia Equities at BNP Paribas Asset Management, notes that a number of factors justify their hopes for “a better year after the challenges that 2021 brought to Asian equities, and northern Asian equities in particular.” Chen writes in a blog post… Read More

December 28, 2021 @ 9:45 am By JD Alois  |  

Once again, the Monetary Authority of Singapore (MAS) is urging the population to give e-hong baos as opposed to physical cash. While telling people the digital version is more environmentally friendly, the digital version should also help limit queuing at banks that can fuel COVID… Read More

December 27, 2021 @ 11:27 pm By Omar Faridi  |  

Mr Leong Sing Chiong, Deputy MD at the Monetary Authority of Singapore (MAS), noted (during the annual IBF Distinction Evening program) that every year, the financial services industry gathers to “recognize those who have reached the pinnacle of their professions, and those who have contributed significantly… Read More

December 27, 2021 @ 8:01 pm By Omar Faridi  |  

Dr. Ben Livshits, CEO at Zilliqa, the high-performance, a high-security blockchain platform, notes in an end-of-year update that in a fast-paced industry, the crypto market lows and highs, and uncertainties around Covid-19 “continued to create a trifecta of challenges for all this year.” But the… Read More

December 17, 2021 @ 11:10 am By JD Alois  |  

Digital platforms for private securities, including the issuance, trading, and management of these assets, are becoming a thing in the Fintech sector. As individual investors have learned, much value is generated before a company pursues a public listing – or gets acquired. Jumping ahead of… Read More

December 17, 2021 @ 7:30 am By Omar Faridi  |  

Deutsche Börse has completed the acquisition of a majority stake in Crypto Finance, a FINMA-regulated provider of trading, custody, and investment services for digital assets. The agreement was “signed in June, and closing was on 15 December 2021,” the announcement confirmed. The acquisition lays the… Read More

December 16, 2021 @ 11:46 am By Omar Faridi  |  

JST Capital, an international financial services company specializing in digital assets, has  announced that it has joined the Pyth Network, which claims to be a next-gen Oracle platform designed to offer trusted and verifiable market data to decentralized applications (dApps), and will be offering real-time… Read More

December 13, 2021 @ 10:48 am By Omar Faridi  |  

BNP Paribas, China Construction Bank (Asia), DBS, MUFG, Societe Generale and Standard Chartered have all joined the iLex platform to “accelerate the digitization of corporate loan markets.” The 6 global syndicated loan book runners are joining iLex as partner banks in order to support “innovation… Read More

December 13, 2021 @ 9:37 am By JD Alois  |  

Binance has shut down its Singapore-facing crypto exchange. The news follows a series of events that have eventually led to Binance exiting the top Asian Fintech market with a wholly owned trading platform. Binance Singapore was originally granted an exemption from holding a license under… Read More

December 4, 2021 @ 2:59 pm By Omar Faridi  |  

Uppsala Security, a provider of security tools and services for Crypto AML/CTF, Transaction Risk Management, Regulatory Compliance, Transaction Tracking, and Cyber Security, has announced a new joint cooperation with Matrix USA, a US based firm that focuses on “building and strengthening business relationships in the… Read More

December 4, 2021 @ 10:02 am By Omar Faridi  |  

Gigacover, a Singapore-headquartered Fintech firm that offers gig workers with access to employment/worker benefits, has announced that it’s expanding its operations into the Philippines, which has a 1.5 million+ informal workforce. Gigacover provides freelancer workers with special incentives associated with maintaining regular employment. In statements… Read More

December 2, 2021 @ 4:40 pm By JD Alois  |  

Grab, an Asian delivery firm and Fintech, traded on the Nasdaq today as part of a SPAC deal that raised gross proceeds of USD $4.5 billion in the largest-ever U.S. public market debut by a Southeast Asian company. The value of the deal was pegged… Read More

December 1, 2021 @ 8:04 pm By Tony Zerucha  |  

Asian cryptocurrency payments company TripleA has been granted a digital payment token license by the Monetary Authority of Singapore (MAS). TripleA is the first standard payment institution to receive this license, the company said. The designation allows TripleA to provide end-to-end cryptocurrency payment services for… Read More

November 30, 2021 @ 9:30 pm By Tony Zerucha  |  

Endowus, a digital wealth app based in the Fintech hotbed of Singapore, this week announced it has raised $27 million. The new capital infusion brings its total 2021 raise to $50 million. Prosus Ventures and EDBI led the round, with contributions from Z Holdings and… Read More

November 30, 2021 @ 8:30 am By Omar Faridi  |  

Crypto.com Exchange has announced that it’s working with Silvergate, the provider of financial infrastructure solutions to the virtual currency industry, in order to introduce USD deposits and withdrawals to its institutional clients. As mentioned in an update shared with CI, this integration is “an additional… Read More

November 29, 2021 @ 9:43 pm By JD Alois  |  

  YouTrip, a digital financial services platform and aspiring neobank, has raised US$ 30 million in Series A funding, according to a company statement. YouTrip is a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) that launched in Singapore in 2018 and… Read More