Blockchain
VC Plus Gets In-Principle Approval to Provide Custodial Services for Digital Assets
Investment firm VC Plus announced that its subsidiary Custody Plus has received in-principle approval for a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS). This allows Custody Plus to provide custodial services for capital market products,
Read More
ADDX Sells Stake in Taiwan’s Web 3.0 Infrastructure Platform CYBAVO to Circle
Global private market exchange ADDX has sold its stake in Taiwanese Web 3.0 infrastructure platform CYBAVO to Circle, a global financial technology firm and issuer of USD Coin (USDC). ADDX was a pre-Series A investor in CYBAVO and held a
Read More
R3 Teams up With ADB to Explore Use of Blockchain in Sustainability, Digital Assets
Global enterprise software firm R3 has partnered with the Asian Development Bank (ADB) to explore the use of distributed ledger technology (DLT) in driving digital transformation. The partnership involves a proof-of-concept (POC) project aimed at establishing a cross-border multi-currency securities
Read More
ADDX Extends Pre-series B Round With US$20 Million Raise Led by Korea’s KB Securities
Global private market exchange ADDX announced that it has raised approximately US$20 million in an upsized Pre-Series B round led by KB Securities, a subsidiary of Korea’s KB Financial Group (KBFG). The round kicked off in May 2022 when ADDX
Read More
New York Fed Reserve Partners With MAS to Explore Wholesale CBDCs
The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) announced a joint experiment to investigate how wholesale central bank digital currencies (wCBDCs) could improve the efficiency of cross-border wholesale payments
Read More
Monetising in the Metaverse: Distant Possibility or Reality?
In the virtual world of the metaverse, people don’t just visit – they inhabit. It’s a place where they can be whoever they want to be and do whatever they want. The term ‘metaverse’ was first coined in a book
Read More
DBS Tests DeFi-Enabled FX and Government Securities Live Trades With MAS
DBS announced that it is testing the trading of foreign exchange and government securities using permissioned DeFi liquidity pools on public blockchain as part of Monetary Authority of Singapore’s (MAS) Project Guardian. The trade involved the outright purchase and sale of
Read More
MAS Launches Project Ubin+
The Monetary Authority of Singapore (MAS) today launched Ubin+, an expanded collaboration with international partners on cross-border foreign exchange (FX) settlement using wholesale central bank digital currency (CBDC). Ubin+ will look into how atomic settlement based on digital currencies can improve
Read More
Standard Chartered Joins Partior as Founding Partner With Strategic Investment
Standard Chartered announced today at the Singapore Fintech Festival that it has made an investment in Partior and is now a founding shareholder. The sum was not disclosed and is subject to regulatory approvals. Founded by DBS, J.P. Morgan and
Read More
Singapore, France and Switzerland to Collaborate on Wholesale CBDC Project
BIS Innovation Hub is launching a project around central bank digital currencies (CBDCs) and Decentralised Finance (DeFi) protocols as part of its 2022 work programme. Dubbed Project Mariana, it explores automated market makers (AMM) for cross-border exchanges of the hypothetical
Read More