Blockchain
Partior Pilots SGD and USD Settlements in Near Real Time With Participating Banks
Partior, a blockchain technology provider for payments clearing and settlement, announced that it is operational and has begun its first pilot with participating banks, achieving end-to-end settlements in SGD and USD of less than 120 seconds. The new platform uses
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Nium Launches Crypto As a Service Platform in the U.S
Singapore’s payment unicorn Nium, today launched its Crypto-as-a-Service (CaaS) solution. Initial API-based elements from the new Crypto-as-a-Service offering will allow financial institutions to add in-demand capabilities for cryptocurrency investment. The cryptocurrency investment services will support five cryptocurrencies in the U.S.
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FinIQ Partners BondEvalue to Offer Fractional Bonds
Fractional bonds will now be available on the FinIQ platform. Banks and financial institutions which use FinIQ would have direct access to the BondbloX Bond Exchange (BBX). This would enable these banks to trade fixed income live on an instant
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Temasek-Backed Crypto Firm FTX Bags US$420 Million at Valuation of US$25 Billion
FTX Trading, owner and operator of global cryptocurrency exchange FTX.COM, announced the closing of a US$420.7 million Series B-1 fundraise, increasing its valuation to US$25 billion. The round saw the participation of 69 investors, including Ontario Teachers’ Pension Plan Board,
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Ripple Deepens Partnership With Tranglo Following 40% Stake Acquisition
Ripple, the provider of enterprise blockchain and crypto solutions for cross-border payments, announced new milestones in its partnership with cross-border payment firm Tranglo’s Singapore arm. This follows Ripple’s intent to acquire a 40% stake in Tranglo to scale the footprint
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Hg Exchange Brings KILDE on Board as Its Fourth Member Firm
KILDE, a Singaporean alternative investment platform licensed by the Monetary Authority of Singapore will join Hg Exchange (HGX) as its fourth member firm. HGX is a member-driven exchange to support the issuance and trading of private company shares, including security
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KASIKORNBANK’s Tech Arm Launches DeFi Incubator, NFT Marketplace
KASIKORN Business-Technology Group (KBTG), KASIKORNBANK’s technology arm, has launched a venture builder and incubator for decentralised finance (DeFi) startups dubbed as KASIKORN X (KX). KX’s business operations will be independent of KASIKORNBANK and KBTG. The entity has previously spun off
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Coinhako Launches Crypto Trading Platform for Institutions, High Net Worth Individuals
Singapore-headquartered cryptocurrency trading platform Coinhako, has launched a digital assets platform for High Net Worth Individuals (HNWIs) and institutions dubbed as ‘Coinhako Privé’. Privé members will need to qualify as accredited investors and have a minimum of SGD 300,000 in
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Xfers’s Digital Assets Platform StraitsX Rebrands, Hits SGD 2 Billion in Transactions
StraitsX, a Southeast Asian digital assets platform developed by Xfers, announced that it has surpassed the SGD 2 billion mark in digital assets-related transactions on its payment platform in 2021 and will be rebranding its platform. The new StraitsX platform
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UOB and ADDX Partner for S$50 Million Sustainability-Linked Digital Bond
UOB and digital securities exchange ADDX have concluded the digitisation and digital custody of the inaugural sustainability-linked bond recently launched by Sembcorp Industries (Sembcorp). The bank was appointed as a joint lead manager for the S$675 million sustainability-linked bond issued
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