Blockchain/Bitcoin
DBS Launches Crypto Services With SGX Holding a 10% Stake
DBS announced that it will set up a digital exchange with Singapore Exchange (SGX) holding a 10% stake, enabling investors to tap into a fully integrated tokenisation, trading and custody ecosystem for digital assets. Crypto trading activities is said to
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Swiss’ SIX and SBI Digital Asset Holdings Plan for Singapore’s Digital Asset Exchange
SIX Digital Exchange, a Swiss-based end-to-end platform for digital assets, and SBI Digital Asset Holdings (SBI) announced plans for a digital asset exchange based in Singapore set to go live by 2022. The contemplated venture is set to formalise Singapore
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SGX and HSBC’s DLT Project Bags Financial Services Award by SwissCham
Singapore Exchange (SGX) and HSBC have jointly emerged as the winner for the Financial Services category at the inaugural Digital Transformation Award (DX Award) at this year’s SwissCham Business Excellence Awards. SGX and HSBC received the award for creating a
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Singapore Blockchain Ecosystem Report 2020 Unveiled At Singapore Fintech Festival
The Singapore Blockchain Ecosystem Report 2020 was launched at this year’s Singapore FinTech Festival x Singapore Week of Innovation and TeCHnology (SFF x SWITCH). The report highlights the impactful developments and trends in Singapore’s blockchain ecosystem over the past year.
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Blockchain Firm Lightnet Group Partners SCB to Ease Remittance Access in Thailand
Blockchain firm Lightnet Group, has announced a partnership with Siam Commercial Bank (SCB). The partnership will reportedly enable remittance services to become accessible to all Thai bank accounts and anyone who has signed up for PromptPay, a government-sponsored service that
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Australia Begins Blockchain Trial With Singapore for Cross Border Trade
The Australian Border Force (ABF) begins a blockchain trial for cross border trade with Singapore’s Infocomm Media Development Authority (IMDA). This partnership is in line with the bilateral Australia-Singapore Digital Economy Agreement. A trial was launched on 23 November with
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Singapore Leads the Way As Stock Exchanges in Asia Pacific Are Embracing DLT
Across Asia Pacific, stock exchanges have accelerated the adoption of smart contract technology and DLT to optimize market workflows. The Australian Securities Exchange (ASX) is looking to replace its Clearing House Electronic SubRegister System, or CHESS, with new DLT and
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Cambodia’s Central Bank Pioneers Digital Currency in South East Asia with Launch of Bakong
The National Bank of Cambodia has officially launched its retail central bank digital currency (CBDC) named Project Bakong, co-developed by Japanese fintech company SORAMITSU. The central bank is the first in South East Asia to do so. Bakong is a
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Trust and Security Challenges Remain Despite Rising Blockchain Adoption
Blockchain continues to mature this year as corporates move away from experiments towards the development of robust enterprise ready solutions. While 2019 revealed that blockchain is real and can serve as a pragmatic solution to business problems, 2020 saw leaders
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Choosing the Best Cryptocurrency for Investment
Since its inception, people have always had different opinions about different ways to buy bitcoin, cryptocurrencies, performance, and credibility. Despite all the debates and discussions, new cryptocurrencies keep emerging. It is expected that newbies won’t know their way around when
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