Digital Assets
HSBC and Metaco to Offer Digital Assets Custody Service for Institutional Clients
HSBC is set to introduce a new custody service for managing digital assets like tokenised securities, aimed at its institutional clients. This service is expected to start in 2024 and will work alongside HSBC‘s existing digital platforms, including Orion for
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Sumsub Boosts Crypto Fraud Detection with Merkle Science’s Wallet Tracking
Global full-cycle verification platform Sumsub is augmenting its Travel Rule solution by partnering with Merkle Science, a predictive Web 3.0 risk and intelligence platform. The Travel Rule, mandated by the Financial Action Task Force (FATF), is a crucial compliance requirement
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Can Singapore’s Insurers Adapt to the Ageing Well Challenge?
Singapore, often called the “Lion City,” is well-known for its thriving economy. Yet, beneath this successful exterior lies a significant demographic shift that brings challenges and opportunities. The country is witnessing a rapid rise in its ageing population, with a
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Singapore, Japan, Swiss, UK Join Forces for Responsible Digital Asset Innovation
The Monetary Authority of Singapore (MAS) has partnered with regulators from Japan, Switzerland and the UK for responsible digital asset innovation. This collaboration is called the Project Guardian policymaker group, comprising the Financial Services Agency of Japan (FSA), the Swiss
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Triple-A Bags US$10 Million Series A Led by Peak XV, Shorooq Partners
Crypto payment gateway Triple-A announced that it has raised US$10 million in Series A funding. The round was led by repeat investors Peak XV Partners and Shorooq Partners. The company had previously secured US$4 million in seed funding in June
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Matrixport’s Cactus Custody Taps OneDegree to Upgrade US$50M Insurance
Cactus Custody, Matrixport’s digital asset custodian service provider, has upgraded its US$ 50 million insurance coverage to include crime protection for warm wallets. The insurance is issued by Hong Kong’s digital insurer OneDegree. This means that Cactus Custody’s clients will
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Coinbase Singapore Receives Major Payment Institution Licence from MAS
Coinbase Singapore has been granted a Major Payment Institution (MPI) licence by the Monetary Authority of Singapore (MAS). This follows its initial In Principle Approval and facilitates an extended offering of Digital Payment Token services in Singapore. Singapore’s growing role
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BIS, France, Singapore, and Switzerland Report Success in Cross-Border Wholesale CBDCs Test
The Bank for International Settlements (BIS), in collaboration with the central banks of France, Singapore, and Switzerland, have concluded “Project Mariana“. This project examined the cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs) using state-of-the-art decentralized finance
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FOMO Pay Enables Merchants to Accept Digital Singapore Dollar for Industry Pilot
Singapore-based payment institution FOMO Pay is participating in the Singapore Pitstop Pack industry pilot to enable merchants to accept Purpose Bound Money (PBM). Under the pilot programme, FOMO Pay will provide its hero merchants (Mount Faber and Jumbo) and participating
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dtcpay Taps Sumsub’s e-KYC Solution for Secure Digital Currency Transactions
Singapore-based digital payments platform dtcpay has tied up with global full-cycle verification platform Sumsub to enhance the security and reliability of digital currency transactions in target markets, including Singapore, Hong Kong, Dubai, the UK, and Europe. Sumsub’s e-Know Your Customer
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