Digital Assets
XREX Singapore Gets In-Principle Nod for Crypto Payment Services
XREX Singapore, a blockchain-enabled fintech providing cross-border payments in emerging markets, has secured in-principle approval for a Major Payment Institution license to provide digital payment token services. The in-principle approval for XREX Singapore covers a range of payment services, including
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StraitsX, Paxos Secure MAS Approval to Issue SGD and USD Stablecoins
Three entities have received In-Principle Approvals (IPA) from the Monetary Authority of Singapore (MAS) to issue stablecoins that will align with the central bank’s proposed stablecoin regulatory framework. Stablecoins issued by the three entities – StraitsX SGD Issuance, StraitsX USD
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MAS to Issue “Live” Wholesale CBDCs to Settle Retail Payments Between Banks
The Monetary Authority of Singapore (MAS) unveiled a series of initiatives to ensure the secure and innovative use of digital money in the country. The three forms of digital money that MAS is promoting are wholesale Central Bank Digital Currencies
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Zodia Markets and Triple-A Team Up to Boost Digital Currency Payments
Zodia Markets, the digital asset exchange and brokerage platform backed by Standard Chartered, has announced a strategic partnership with Triple-A, a global digital currency payment institution. The partnership will enable corporate clients to accept digital assets and stablecoins as payment
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Sygnum Singapore Onboards Bordier & Cie as Inaugural B2B Client
Private bank Bordier & Cie (Singapore) has become the inaugural B2B client of Sygnum Singapore, marking a significant milestone for the latter, which received its MAS Major Payment Institutions license in October 2023. Sygnum Singapore recently launched its regulated Digital
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MAS Unveils Five New Industry Pilots Under Project Guardian
The Monetary Authority of Singapore (MAS) has teamed up with the financial industry to expand initiatives related to asset tokenisation. The goal is to enhance the foundational capabilities necessary to scale tokenised markets, ultimately driving institutional adoption of digital assets.
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Amazon Offers Exclusive Merchandise through Blockchain Wallets at SFF 2023
Amazon, StraitsX (part of Fazz) and Grab have launched an industry pilot at the Singapore Fintech Festival (SFF) that allows users to connect their blockchain wallet to redeem exclusive merchandise. The pilot is built on the Monetary Authority of Singapore’s
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SFF 2023 Attendees Offered S$1,000 in Demo Credits to Explore Project Guardian
Attendees of the Singapore Fintech Festival 2023 (SFF 2023) can get S$1,000 worth of demo trading credits to try out the Future of Finance Trading Portal. This initiative is part of Project Guardian, a collaboration between the Monetary Authority of Singapore
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dtcpay, PlatON, and Allinpay International Join Forces for Crypto Payments
Singapore-based digital payments platform dtcpay has partnered with PlatON, and Allinpay International to launch a digital currency payment system based on smart terminals. The new system will support Tether (USDT), Ethereum (ETH), Bitcoin (BTC), and other mainstream cryptocurrencies with the
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Ripple Unveils Enhanced Crypto-Enabled Cross-Border Payments Solution
Ripple, a provider of enterprise blockchain and crypto solutions, has unveiled an enhanced version of its crypto-enabled cross-border payments solution, Ripple Payments, formerly known as RippleNet. The solution provides enterprise-grade infrastructure required for businesses to leverage blockchain easily for faster,
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