Tagged: temasek

UK’s Thought Machine Secures $160M via Series D, Doubling Valuation to $2.7B

Statue St. James Park London UK United Kingdom

Thought Machine, the Cloud native banking tech firm, recently announced it has closed its series D funding round, led by Temasek, the global investment company headquartered in Singapore, “with participation from Intesa Sanpaolo and Morgan Stanley.” Existing investors following-on in this investment round reportedly include:… Read More

Coinbase Rival FTX US Finalizes $400M Series A Round at $8B Valuation

Bitcoin and Liberty Dollar CBDC

West Realm Shires Services Inc. (FTX US) has announced the closing of a $400 million Series A round valuing the firm at $8 billion. As mentioned in an update shared with CI, this investment round is notably the first for FTX US and included contributions… Read More

Digital Assets: ADDX Makes Private Markets Available to More Investors, and They’re Just Getting Started

Oi Yee Choo ADDX

ADDX, a Singapore-based firm, is making private market investing available to many wealthy investors who were previously excluded from the opportunity. There is strong demand for the service, Oi-Yee Choo ADDX chief commercial officer said. Choo brings two decades of capital raising and mergers and… Read More

Private Digital Securities Exchange ADDX Tokenizes Credit Fund by Temasek

ADDX on iPhone

ADDX (formerly doing business as iSTOX) has tokenized a credit fund by Temasek-owned SeaTown. According to the company the deal reduces the fund’s minimum investment size from US$5 million to US$20,000, enabling fractional access to a private credit fund with more than USD $1 billion… Read More

Pine Labs, Standard Chartered Malaysia Launch Interest-Free Instalments to 25,000+ Merchants

Pine Tree Lake Shore

Pine Labs, a merchant commerce platform serving merchants in India and Southeast Asia, today announced a partnership with Standard Chartered Malaysia. Standard Chartered’s customers in Malaysia can now access interest-free installment options on credit cards at any offline point-of-sale system powered by Pine Labs. The… Read More

HSBC and Temasek to Support Sustainable Infrastructure Initiatives in Asia

HSBC Bank

HSBC and Temasek revealed that they’ve formed a partnership in order to launch a $150 million debt financing platform that’s aimed at supporting sustainable infrastructure initiatives with a special focus on Southeast Asia. This project is reportedly a part of efforts to address climate change… Read More

$500M Growth Fund for Early-Stage Startups Launched by DBS and Temasek for China, India, SE Asia

Marina Promenade Singapore

Singapore-based DBS Bank Ltd (SGX:D05), a multinational banking and financial services corporation with over $330 billion in assets, and Temasek have entered into an agreement to introduce a $500 million growth or early-stage debt financing platform, known as EvolutionX Debt Capital. Based in Singapore, EvolutionX… Read More

Soldo Closes Record $180 Million Series C Funding Round

Euro Money iPhone Digital Banking

Solda has raised $180 million in a Series C funding round led by Singapore-based Temasek. The European pay and spend automation platform reports that the investment round is the largest in its category to date. The funding round included new investors Sunley House Capital, Advent… Read More

Singapore’s UOB Leverages Marketnode’s Digital Issuance Platform to Issue SGD 600M Bond Offering, with SGD 1B Final Order Book

United Overseas Bank Wealth

Singapore‘s United Overseas Bank (UOB), a multinational banking organization with branches mostly based in Southeast Asian countries, has reportedly used Marketnode’s digital asset issuance, depository and servicing platform to issue a new bond offering valued at SGD 600 million (appr. $446 million), with a final… Read More

DBS Teams Up With JPMorgan & Temasek to Launch Cross-Border Blockchain Payments Platform

Singapore DBS Skyscrapers Asia

DBS announced on Wednesday it has partnered with JPMorgan and Temasek to launch a cross-border payments platform, known as Partior. According to the trio, Partior aims “to disrupt the traditional cross-border payments ‘hub and spoke’ model,” which has notably caused common “pain points” such as… Read More

Singapore Exchange (SGX) and Temasek to Launch Initiative to Enhance DLT based Digital Asset Infrastructure

Marina Promenade Singapore

Singapore Exchange (SGX) and Temasek have teamed up to launch a joint venture that aims to enhance digital asset infrastructure through the use of blockchain or distributed ledger technology (DLT). SGX’s management stated that the joint project aims to be the Asia Pacific or APAC… Read More

When Will Singapore Adopt Blockchain-Based Multi-Currency Payments? In Due Course

Singapore Marina Bay Sands

Singapore recently completed a pilot program for a blockchain-based multi-currency payments network prototype. Project Ubin, launched in 2016, engaged with several private parties as well as government entities seeking to better understand the benefits of blockchain technology. The prototype was developed in collaboration with JPMorgan (NYSE:JPM) and… Read More

Singapore Exchange Completes First Pilot Digital Asset Issuance for Bond Offering

Digital Asset Issuance Platform SGX Singapore

The Singapore Exchange (SGX) has completed a digital bond issuance in partnership with Temasek and HSBC. The security was issued via SGX’s digital asset issuance, depository, and servicing platform and is the first type of offering completed by the exchange. According to a note posted… Read More

Blockchain: Singapore’s Project Ubin Completes Final Phase Depicting How Financial Services Can Benefit from Blockchain, Payments Prototype Included Participation of JPMorgan

Marina Promenade Singapore

The Monetary Authority of Singapore (MAS) and Temasek have published the final report on a blockchain trial. The report, “Project Ubin Phase 5: Enabling Broad Ecosystem Opportunities” shares insights into the blockchain-based multi-currency payments network prototype that was built and describes how the network could… Read More

Temasek, Paradigm and Slow Ventures Join the Libra Association

The Libra Association

The Libra Association has added three new members: Temasek, Paradigm, and Slow Ventures. Launched by Facebook, the Libra Association is a Switzerland-based independent entity seeking to launch a blockchain-based payment system. Recently, Libra tweaked its white-paper backing away from its original intent to launch a… Read More

Indonesia E-Commerce Marketplace Tokopedia Set to Finalize $1.5 Billion Round from Softbank, Alibaba, Temasek

Bandung City Indonesia fikri rasyid IBb unsplash

Tokopedia, an Indonesia-based e-commerce marketplace, is reportedly in the final stages of closing an investment round valued at around $1.5 billion from Japan’s Softbank, China’s Alibaba Group and Singapore-based Temasek. The Tokopedia marketplace, which is notably the largest of its kind in Indonesia, is now… Read More

The Monetary Authority of Singapore Partners with JP Morgan, Temasek on Blockchain based Payments

Coins Money Global Quarters

The Monetary Authority of Singapore (MAS) is partnering with JP Morgan Chase (NYSE:JPM) and Temasek on a blockchain-based payments platform that is capable of handling different currencies. JP Morgan has previously announced the development of an in-house crypto labeled JPM Coin. The eventual goal is… Read More

Report: Southeast Asia’s Growing Internet Economy Is Driving Fintech Adoption

Singapore China Town Market Shops Retail

Southeast Asia’s internet and e-commerce economy is growing steadily due to the widespread use of mobile phones. The region’s middle class has also been growing, according to a recent report compiled by Google, Temasek and Bain & Company. Published earlier this month, the e-Conomy SEA… Read More

Report: Temasek Bails on Traditional Finance to Focus on Fintech

Marina Bay Harbor Singapore Port View

Temasek Holdings, an investment fund owned by the government of Singapore (Singapore Minister for Finance is the sole shareholder), is exiting traditional finance to focus on Fintech. This is according to a report in the Straits Times that said Temasek has sold of its holdings… Read More

Peer to Peer Lender Validus Capital Tops S$100 Million in Loans

Ajit Raikar

Singapore based online lender Validus is reporting a milestone of having originated over S$ 100 million in loans to SMEs. Validus is claiming to the be Southeast Asia’s fastest growing SME lender. Validus is licensed by the Monetary Authority of Singapore (MAS) and is also… Read More

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