Blockchain

Can Bitcoin Be a Financial Lifeline for Economies in Crisis?

Bitcoin, the world’s first and most widely-recognized cryptocurrency, has gained a reputation for being a volatile and risky investment. However, in certain economies around the world, Bitcoin is being embraced as a useful tool that is allowing for financial stability

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CGS-CIMB’s High-Net-Worth Investors Now Have Access to All ADDX Products

Securities brokerage CGS-CIMB Singapore’s individual accredited investors will now have access to private market exchange ADDX’s offerings. These offerings include private equity, private credit, venture capital, hedge funds, real estate, fixed-income products like bonds and commercial papers, as well as

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Alibaba Cloud to Launch the Blockchain Node Service to Bolster Web3.0 Growth

Alibaba Cloud announced that it will be launching the Blockchain Node Service in the first quarter of 2023. The new Platform as a service (PaaS) aims to aid developers by reducing operational and maintenance time while they are building and

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Indonesia’s Digital Rupiah Game Plan: Everything You Need to Know

Bank Indonesia announced the country’s very own central bank digital currency (CBDC), named the “digital rupiah,” to move forward with the country’s initiative of “advanced digital transformation.” Dubbed “Project Garuda,” named after Indonesia’s legendary bird, Bank Sentral Republik Indonesia or

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ADDX Fractionalises UOB and Temasek’s Venture Debt Fund to US$20,000

Global private market exchange ADDX announced that it has fractionalised a venture debt fund by Innoven Capital which is a joint venture between a Temasek Holdings‘ subsidiary Seviora and UOB. This move brings down the minimum subscription size for individual

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35 Asian Nations Are Developing CBDCs – Here’s Where They Stand

Economies worldwide are increasingly considering the viability of a digitised national currency, most commonly referred to now as a Central Bank Digital Currency, or CBDC. Eleven countries have already launched their CBDCs, but none in Asia yet.  There are currently 35

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Applications Are Now Open for the Singapore Blockchain Innovation Challenge 2022

The Singapore Blockchain Innovation Programme (SBIP) has announced the launch of the Singapore Blockchain Innovation Challenge 2022 hackathon. SBIP is an initiative funded by the National Research Foundation (NRF) and supported by Infocomm Media Development Authority (IMDA), Enterprise Singapore (ESG),

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DBS Completes Intraday Repo Transaction on J.P. Morgan’s Blockchain-Based Network

DBS announced that it had become the first bank in Asia to complete an intraday repurchase transaction on J.P. Morgan’s blockchain based network, Onyx Digital Assets. The network supports instant settlements and maturity of the transactions within hours instead of the

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VC Plus Gets In-Principle Approval to Provide Custodial Services for Digital Assets

Investment firm VC Plus announced that its subsidiary Custody Plus has received in-principle approval for a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS). This allows Custody Plus to provide custodial services for capital market products,

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ADDX Sells Stake in Taiwan’s Web 3.0 Infrastructure Platform CYBAVO to Circle

Global private market exchange ADDX has sold its stake in Taiwanese Web 3.0 infrastructure platform CYBAVO to Circle, a global financial technology firm and issuer of USD Coin (USDC). ADDX was a pre-Series A investor in CYBAVO and held a

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