Blockchain
MAS Set to License DBS’ Brokerage Arm for Digital Payment Token Services
DBS Vickers (DBSV), the brokerage arm of DBS Bank, has received in-principle approval from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA) to provide digital payment token services. DBSV is one of the first few financial
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GME Remittance Joins RippleNet for Payments Push From South Korea to Thailand
Global Money Express (GME Remittance), a non-bank remittance service provider in South Korea, has joined Ripple‘s blockchain-based payments network, RippleNet to accelerate and scale payments from South Korea to Thailand. This partnership was established through SBI Ripple Asia, a joint
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STACS Joins Mastercard’s Start Path Blockchain Programme
Singaporean blockchain development company Hashstacs (STACS) announced that it is joining Mastercard’s new global startup engagement programme Start Path. The programme is dedicated to supporting fast-growing blockchain and digital assets companies. STACS said in a statement that it is one
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Independent Reserve Gets MAS’ First in-Principle Approval for Digital Payment Tokens
Australian cryptocurrency exchange Independent Reserve has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a regulated provider for digital payment token (DPT) services. According to a statement from the Independent Reserve, the firm said that
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Bitmain’s Spin-off Matrixport Valued Over US$1 Billion With US$129 Million Fundraise
Matrixport, a digital assets financial services platform that is a spin-off of Bitmain, has closed its US$129 million Series C funding round with a valuation of over US$1 billion two years since its inception. The Singapore-based startup has raised US$129
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Swiss SEBA Bank Strengthens APAC Presence With Appointment of New Asia CEO
SEBA Bank, a digital assets firm with a Swiss banking license from FINMA, announced the appointment of Sam Lin as its Chief Executive Officer for Asia with immediate effect. This appointment is in line with SEBA Bank’s aim to strengthen
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Vietnam’s Prime Minister Calls for Pilot of Central Bank Backed Digital Currency
Vietnam’s Prime Minister Pham Minh Chinh is asking the State Bank of Vietnam (SBV) to study and carry out a pilot implementation for a digital currency powered by blockchain technology in the 2021-2023 period. The surprise move came in the
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Crypto Firm Fireblocks Bags US$310M From Sequoia, Siam Commercial Bank’s VC Arm
New York-based digital asset custodian Fireblocks announced that it has raised US$310 million in a Series D funding round, boosting the company’s valuation to US$2 billion. The round was co-led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC and
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Can DeFi Truly Become the Future of Financial Services?
In his book Crossing the Chasm, Geoffrey Moore suggests disruptive innovations follow an s-curve, where there is a gap or chasm between early adopters and the early majority. It would be fair to say Decentralised Finance or commonly abbreviated as
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Siam Commercial Bank’s VC Arm to Invest In DeFi Asset Aggregator Ape Board
SCB 10X, the venture arm of Siam Commercial Bank, has announced its latest investment in the decentralised finance (DeFi) sector via asset aggregator and portfolio dashboard, Ape Board. The company, which now has more than 350,000 users, within 4 months
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