Blockchain
Mastercard Launches Central Bank Digital Currencies Testing Platform
Mastercard announced a proprietary virtual testing environment for central banks to evaluate Central Bank Digital Currencies (CBDC) use cases. The platform enables the simulation of issuance, distribution and exchange of CBDCs between banks, financial service providers and consumers. As every
Read MoreBanks View Digitising Trade Finance as a Top Priority
Around the world, banks are reconsidering their trade finance business model, viewing digitalization as one of the most important trends that will shape the industry in the coming years, according to a new survey. The International Chamber of Commerce (ICC)
Read MoreSGX Completes First Digital Bond with Temasek and HSBC using Smart Contracts
Singapore Exchange (SGX), working together with HSBC Singapore and Temasek, has completed its first digital bond issuance on SGX’s digital asset issuance, depository and servicing platform, successfully replicating a S$400 million 5.5-year public bond issue and a follow-on S$100 million
Read MoreDBS’ Report: Asia at the Forefront of the Digital Currency, Payments Revolution
Asia is the largest market for digital payments and will maintain its leading position with an estimated 16% compounded annual growth (CAGR) rate through the first half of this decade, according to a new report by Singapore’s DBS Bank. In
Read MoreSingapore’s BondEvalue Launches Blockchain-Based Bond Exchange
Singapore fintech BondEvalue has launched the BondbloX Bond Exchange (BBX), a blockchain-based exchange that makes possible fractional ownership of bonds by allowing them to be traded in smaller denominations of US$1,000. The company said that this paves the way for
Read MorePhilippines Central Bank Joins Digital Currency Race
Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, has created a committee to look at the feasibility and policy implications of issuing its own digital currency, governor Benjamin E. Diokno said on July 29. “We have to first look
Read MoreAsia’s Crypto Derivatives Market Overview and Infographic 2020
2020 has seen a major surge in product offerings catering to sophisticated and institutional investors in the crypto space. Exchanges around the world have recognised the importance of services such as institutional-grade custody, research & data analytics, prime brokerage and
Read MoreStandard Chartered Enters Crypto Custody Business, Targets Year End Pilot Launch
Standard Chartered is the latest bank to get into the crypto custody business, unveiled earlier this month that its innovation, ventures and fintech investments unit, SC Ventures, has been working on a solution for the institutional market that would support
Read MoreMAS Proposes New Regulations Amid Emerging Risks Arising from Digital Assets
Singapore’s central bank, the Monetary Authority of Singapore (MAS), is proposing new regulations that it would give it more power to regulate the financial services industry, notably in the fields cybersecurity and virtual assets, the regulator said on July 21.
Read MoreMastercard Accelerates Cryptocurrency Program for Crypto Card Issuers
Mastercard announced the expansion of its cryptocurrency program by inviting cryptocurrency firms to join their Accelerate program. The partnership makes it simpler and faster for the parties involved to bring secure and compliant payment cards to market. The program provides
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