Blockchain/Bitcoin
CGS-CIMB Issued S$150-Million Commercial Paper in Digital Securities on iSTOX
CGS-CIMB Securities International, an integrated financial service provider in Asia, and digital securities platform iSTOX announced the issuance of a short-term debt instrument in the form of digital securities. The S$150-million (US$112-million) multi-tranche commercial paper will be used to fund
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NFT Craze and Institutional Participation Fuels the Crypto World
The cryptocurrency rally continued in Q1 2021 fueled by the craze surrounding non-fungible token (NFT) and rising participation from institutional investors, according to CoinGecko’s latest crypto report. The CoinGecko Q1 2021 Quarterly Cryptocurrency Report, released earlier this month, looks at
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DBS, J.P. Morgan and Temasek to Develop a Blockchain-Based Interbank Payments Platform
DBS, J.P. Morgan and Temasek announced that they will jointly develop a blockchain-based platform for payments, trade and foreign exchange settlement. The company named Partior aims to use blockchain solutions to enable next generation, programmable value transfer for participating banks
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R3’s Fund Records US$10 Million in Investment Into 20 Early-Stage Blockchain Startups
Global enterprise software firm R3’s Development Fund announced that it has hit the US$ 10 million mark in capital deployed across over 30 investments in more than 20 promising early-stage blockchain and confidential computing companies. The fund invests in startups
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HSBC Executes Singtel’s Billion Dollar Digital Asset Issuance on Marketnode’s Platform
HSBC Singapore and Marketnode successfully completed a digital bond issuance on Marketnode’s digital asset issuance, depository and servicing platform. Marketnode is a joint venture between Singapore Exchange (SGX) and Temasek. The transaction with Singtel is said to represent the largest
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STACS Raises S$4.8 Million Ahead of Series A Funding Round
Singaporean blockchain development company Hashstacs (STACS) announced the completion of its US$ 3.6 million (S$ 4.8 million) pre-Series A funding round, bringing its fundraising total to more than US$ 6 million (S$ 8 million). The fundraise led by Wavemaker Partners
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R3 Inks Deal With IMDA and Tramés to Build a Blockchain Based Supply Chain Solution
R3, the enterprise software firm, Tramés, a Singapore-based supply chain orchestration technology startup, and Singapore’s Infocomm Media Development Authority (IMDA), signed a Memorandum of Intent (MOI) to accelerate global trade and supply chain digitalisation. The MOI will support the collaboration
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DBS Report Looks at Digital Assets’ Buoyant 2021 First Quarter
Digital assets, including cryptocurrencies, non-fungible tokens (NFTs) and central bank digital currencies (CBDCs), are having an exciting year 2021, with many developments and booming adoption witnessed in Q1’21, DBS’ latest quarterly update on digital assets outlines. In Q1’21, digital assets
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STACS Teams up With Bluecell for Blockchain-Powered Green Loans
Bluecell and Hashstacs (STACS) announced a new collaboration to offer green and sustainability-linked loans though GreenSTACS, which runs on top of latter’s patent-pending blockchain technology. Bluecell will connect its live end-to-end loans matching engine integrated with MyInfo, to STACS’ sustainability-enabling
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Singapore-Based Blockchain Firm #dltledgers Raises US$ 7 Million, Switches to R3’s Corda
#dltledgers, a Singaporean blockchain platform for cross-border trade, trade finance, and supply chain digitisation, has raised US$ 7 million during a Series A funding round. The fundraising round was led by Regis and Savoy Capital, Vittal, Walden International and various
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