Blockchain/Bitcoin

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

Read More

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

Read More

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

Read More

MAS: The Future of Money Is Too Important to Be Left Entirely to Central Bankers

At the Andrew Crockett Memorial Lecture, Mark Carney spoke about ‘Decentralised Finance and the Future of Money.’ Carney provided an overview of the transformation taking place that will “re-wire” monetary and financial systems. According to Carney, centrifugal forces are driving

Read More

Singapore, France Regulators Trial Wholesale Cross-Border Transactions Using Digital Currencies

The Monetary Authority of Singapore (MAS) and Banque de France (BdF) announced the successful completion of a wholesale cross-border payment and settlement experiment using central bank digital currency (CBDC). The experiment, supported by J.P. Morgan’s Onyx, simulated cross-border transactions involving

Read More

DLT-Platform Contour Sets up Trade Finance Innovation Lab in Singapore

Contour, a blockchain trade finance network that was formerly known as Voltron, has opened an innovation lab In Singapore where it will collaborate closely with its growing network of banks, corporates and ecosystem partners to research and develop novel, digitally

Read More

Ripple Joins Singapore NFT Marketplace Mintable’s US$13 Million Series A Fundraise

Ripple announced that it has made an investment in Mintable, a Singaporean non-fungible tokens (NFTs) marketplace that allows users to seamlessly create, buy, and sell digital items using fiat or cryptocurrency, during its US$13 million Series A funding round. The

Read More

MAS Seeks Innovative Digital Currency Solutions Through New Global Challenge

The Monetary Authority of Singapore (MAS) announced the launch of a global challenge for retail Central Bank Digital Currency (CBDC) solutions. The Global CBDC Challenge seeks innovative retail CBDC solutions to enhance payment efficiencies and promote financial inclusion. MAS had

Read More

Blockchain Analytics Firm Raises US$100 Million at a US$4.2 Billion Valuation

Chainalysis, a New York-based blockchain data platform, announced it secured a US$100 million Series E financing led by Coatue, bringing its valuation to US$4.2 billion. Previous investors Benchmark, Accel, Addition, Dragoneer, Durable Capital Partners, and 9Yards Capital increased their investment

Read More

Hg Exchange Graduates From MAS Fintech Regulatory Sandbox With RMO License

Hg Exchange (HGX), a private securities exchange formed by an alliance of leading capital market intermediaries, announced its graduation from the Monetary Authority of Singapore (MAS) Fintech Regulatory Sandbox with a Recognised Market Operator (RMO) license. With this RMO license,

Read More