Blockchain
Hong Kong’s Hex Trust Secures Digital Custody License From MAS
Hex Trust, a Hong Kong-based digital asset custodian, has secured a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS). The CMS license allows the company to provide custodial services regulated under Singapore’s Securities and Futures Act.
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Digital Assets Platform Zipmex Raises US$41 Million Led by Bank of Ayudha’s VC Arm
Zipmex, a Singaporean digital assets platform, has raised US$41 million in its Series B funding round where Bank of Ayudhya’s venture capital arm Krungsri Finnovate was a lead investor. The fundraise was also joined by Plan B Media Public Company
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StanChart Forms JV with Linklogis for Blockchain-Based Trade Finance Platform
Standard Chartered has formed a joint venture with Linklogis, a supply chain finance technology solution provider in China, to establish a blockchain-enabled trade finance platform dubbed as Olea. The bank said that Olea is a fully-digitised trade finance origination and
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What Are NFTs? Behind the Trend That’s Taking the World by Storm
In March 2021, Mike Winkelmann, a digital artist, sold a piece of his digital art for a whopping $69.3 million. The buyer of the piece called ‘Everydays: The First 5,000 days’, was Vignesh Sundaresan, a blockchain entrepreneur who is based
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Binance Appoints New Australian CEO, Reiterates Regulatory Focus Moving Forward
Crypto exchange platform Binance Australia has announced the appointment of Leigh Travers as its Australian Chief Executive Officer. Travers was formerly the CEO and Director of DigitalX, a digital asset funds management firm listed on the Australian Securities Exchange, where
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Binance Appoints ADGM’s Senior Exec as CEO To Get Ahead of Regulatory Concerns
Singaporean crypto exchange platform Binance appointed Richard Teng, the former CEO of Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM) as its Chief Executive Officer. Teng played a pivotal role in enabling ADGM to gain international recognition by
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Thai Central Bank Set To Test Retail Digital Currencies in 2022
The Bank of Thailand (BOT) has laid out its plans following a recent study to begin testing a Retail Central Bank Digital Currency (Retail CBDC) in the second quarter of 2022. BOT had conducted a study on the implications of
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ADDX Partners Investcorp to Tokenise US Real Estate on the Blockchain
Investment management firm Investcorp and Singaporean private capital exchange ADDX partnered to expand the use of digital securities in the private market space. The first product that was offered under the partnership was a diversified portfolio of US residential properties
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Central Bank Digital Currency vs. Crypto: When Two Quarrel the Golden Third Rejoices
Cryptocurrencies are increasingly competing with state-issued legal tender. To hamper the advance of Bitcoin, central banks are developing digital legal tender. An old acquaintance from economic history will be rejoicing a third option. Central banks will do themselves a tremendous
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Kakao Sets up Non-Profit Entity in Singapore To Lead Klaytn Blockchain’s Expansion
South Korean Internet giant Kakao has set up a non-profit entity headquartered in Singapore named the Klaytn Foundation to accelerate the sustainable growth of Klaytn blockchain and its ecosystem. Klaytn is a service-centric blockchain platform that was previously led by
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