Tagged: singapore

November 6, 2024 @ 10:16 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) is launching a new Engineering Hub in Singapore, supported by Singapore Economic Development Board, in order to foster the local developer ecosystem. Coinbase noted in a recent update that it is officially introducing an Engineering Hub in Singapore to support the local developer… Read More

November 6, 2024 @ 8:17 am By Omar Faridi  |  

Banque de France and Monetary Authority of Singapore conducted post-quantum cryptography experiment to enhance communication security. The Banque de France (BdF) and the Monetary Authority of Singapore (MAS) today announced the completion of a joint experiment in post-quantum cryptography (PQC) conducted across “continents over conventional… Read More

November 4, 2024 @ 11:15 am By Omar Faridi  |  

Anchorage Digital Singapore Pte Ltd has reportedly received approval as a licensed Major Payment Institution from the Monetary Authority of Singapore (MAS), marking a key milestone in our global expansion. With this license, Anchorage Digital Singapore now offers a complete, integrated solution including custody, staking,… Read More

November 3, 2024 @ 7:18 pm By Tony Zerucha  |  

Paxos, a blockchain and tokenization infrastructure platform, has introduced Global Dollar (USDG) – a US dollar-backed stablecoin that Paxos said is “substantively compliant with MAS’ upcoming stablecoin framework.” Paxos Digital Singapore Pte. Ltd. is the issuer of USDG and is regulated by the Monetary Authority… Read More

November 2, 2024 @ 4:13 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) announced the establishment of the Global Finance & Technology Network (GFTN), a new initiative designed to reinforce Singapore’s standing as a major global fintech hub while promoting international connectivity for impactful financial innovation. The GFTN aims to build on… Read More

November 1, 2024 @ 7:51 am By Omar Faridi  |  

Remilty have expanded their seafarers product experience to the European Union, United Kingdom, Australia, and Singapore. With this launch, Remitly said that they aim to bring even more seafarers the reliable, “secure,” and accessible money transfer service they deserve Remitly noted in a blog post… Read More

October 30, 2024 @ 4:02 pm By Omar Faridi  |  

Digital assets firm Gemini says it has received In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for its Major Payment Institution (MPI) license application under the Payment Services Act 2019 in order to provide cross-border money transfer as well as digital payment token… Read More

October 20, 2024 @ 6:54 pm By Michael Wong  |  

Singapore’s Temasek Holdings and Saudi Arabia’s Public Investment Fund (PIF) are expected to maintain their credit strength advantage among rated sovereign wealth funds, Moody’s Investors Service said. Moody’s highlighted that both funds display stronger intrinsic credit quality, supported by superior credit metrics, excellent liquidity, and… Read More

October 12, 2024 @ 6:15 pm By Michael Wong  |  

Digital wealth management platform Arta Finance has announced its global launch alongside a significant partnership with Abu Dhabi-based fintech firm Wio Invest. This collaboration represents a major step in Arta’s business-to-business expansion, as Wio Invest plans to integrate Arta’s wealth-as-a-service platform into its digital offerings… Read More

October 10, 2024 @ 9:52 am By Michael Wong  |  

American artificial intelligence (AI) company OpenAI announced its expansion into Singapore, confirming plans to open a regional office later this year. This move underscores Singapore’s prominent role in technology and AI, as well as the increasing demand for advanced AI tools across the Asia Pacific… Read More

October 6, 2024 @ 2:39 pm By Michael Wong  |  

Singapore’s Inter-Ministerial Committee (IMC) unveiled a comprehensive report, outlining enhanced strategies and recommendations to strengthen the nation’s Anti-Money Laundering (AML) framework. The report emphasizes a whole-of-society approach, urging collaboration between frontline stakeholders and the government to combat increasingly sophisticated money laundering (ML) tactics. The IMC’s… Read More

September 25, 2024 @ 7:21 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) announced today the establishment of a Cyber and Technology Resilience Experts (CTREX) Panel. The Panel replaces MAS’ Cyber Security Advisory Panel, with an expanded mandate to “cover technology resilience which, together with cybersecurity, significantly underpins the operational resilience of… Read More

September 16, 2024 @ 6:29 am By JD Alois  |  

Stablecoin issuer Circle has revealed a collaboration with Sony Block Solutions Labs. According to a release, the partnership aims to boost innovation in decentralized tech on Soneium, a public  Ethereum Layer-2 blockchain ecosystem. USDC, Circle’s dollar-based stablecoin, will be integrated into Soneium. Circle explains that… Read More

September 14, 2024 @ 4:54 pm By Michael Wong  |  

Singapore-based Fintech group M-DAQ Global Pte. Ltd. has launched its Wallex cross-border foreign exchange (FX) and payment solution in Malaysia, following its acquisition of B2B payments service provider Easy Pay Transfers Sdn. Bhd. The launch of Wallex marks the expansion of M-DAQ’s footprint in the… Read More

September 12, 2024 @ 8:54 am By JD Alois  |  

Technology has opened the door to a new world of assets in which individuals may invest. This can help investors to diversify and participate in non-correlated asset classes. The WatchFund is an interesting example of the new landscape and today it is announcing €2 Million… Read More

September 11, 2024 @ 9:45 pm By Omar Faridi  |  

JST Digital, a global financial services firm specializing in digital assets, today announced that its Singapore subsidiary, JST Digital & Technology Pte. Ltd. (JST Singapore) has received an in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) to provide digital payment token… Read More

September 2, 2024 @ 9:06 am By Omar Faridi  |  

OKX, a global crypto exchange and Web3 technology company, announced that its local entity, OKX SG Pte. Ltd., received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), and appointed Gracie Lin as CEO of OKX SG. The license granted under… Read More

September 1, 2024 @ 5:44 pm By Michael Wong  |  

Singapore’s banking sector has emerged as a leader in decarbonisation policies among advanced economies in Asia, according to a recent report by Asia Research and Engagement (ARE), a sustainability-focused consulting firm. The report evaluated the climate goals and decarbonisation strategies of nine banks across Singapore,… Read More

August 30, 2024 @ 8:57 am By JD Alois  |  

Validus is reporting new capital from HSBC in the amount of USD $50 million. The funds will be utilized to provide online lending for micro, small, and medium enterprises (MSMEs) in Indonesia. Validus, based in Singapore, will release the funds via its subsidiary Batumbu, which… Read More

August 25, 2024 @ 10:36 pm By Omar Faridi  |  

Digital payment trends are said to be picking up in Singapore with Gen Z leading shift, according to a report. Currently, two-thirds (68%) of Singapore’s Generation Z “prefer to pay with PayNow and close to 3 out of 10 use GrabPay (29%). New research by… Read More