Blockchain
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
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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
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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
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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
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StraitsX Pilots Three Stablecoin Applications at SFF to Showcase Real-World Use Cases
Crypto payment infrastructure company StraitsX is piloting a series of stablecoin applications at the Singapore Fintech Festival 2022 to showcase stablecoins’ real-world use cases and business benefits. The three use cases, done in collaboration with IDEMIA, The HBAR Foundation, Mastercard
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Circle Gets In-Principle Approval to Offer Digital Payment Tokens in Singapore
Circle, the issuer of USDC and Euro Coin, has received in-principle approval as a Major Payments Institution license holder from the Monetary Authority of Singapore (MAS). The license allows Circle to offer digital payment token products, as well as cross-border
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MAS Initiates Digital Singapore Dollar Trials
The Monetary Authority of Singapore (MAS) has published a report detailing potential uses of a purpose-bound digital Singapore dollar (SGD) and the supporting infrastructure required. The report also marked the successful completion of Phase 1 of Project Orchid which explored
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Alta Acquires Hg Exchange to Provide Tokenisation and Digital Custody Services
Alternative assets marketplace Alta, previously known as Fundnel, has acquired private digital securities exchange Hg Exchange (HGX) to enable it to provide tokenisation and digital custody services. Alta has generated over US$600 million in transactions, created access to over US$22
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Switzerland Plays a Pioneering Role in Blockchain Regulation
One year ago, Switzerland’s blockchain legislation entered fully into force. The country is an international pioneer in this regard. So, what are the lessons that could be drawn now that a year has passed? The distributed ledger technology such as
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Partior Among the Winners of G20 TechSprint Challenge by BIS and Bank Indonesia
The Bank for International Settlements (BIS) and Bank Indonesia has announced the winners of the G20 TechSprint 2022 challenge during a live award ceremony in Jakarta. The G20 TechSprint 2022 focused on solving technology challenges related to wholesale and retail central
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