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Deutsche Bank and STACS Complete PoC for Digital Assets and ESG Bonds
Deutsche Bank’s Securities Services in Singapore and Hashstacs (STACS) announced the completion of their proof-of-concept (POC) referred to as Project Benja on the use of distributed ledger technology (DLT) for digital assets and sustainability-linked digital bonds. Set in the context
Read MoreDBS, J.P. Morgan and Temasek to Develop a Blockchain-Based Interbank Payments Platform
DBS, J.P. Morgan and Temasek announced that they will jointly develop a blockchain-based platform for payments, trade and foreign exchange settlement. The company named Partior aims to use blockchain solutions to enable next generation, programmable value transfer for participating banks
Read MoreAll The Major Singapore Fintech Festival Announcements At a Glance
The Singapore Fintech Festival (SFF) 2020 took place between December 7 to 11 this year, featuring a unique hybrid format that combined a 24-hour online platform with satellites events around the world. The 2020 week-long fintech gathering included more than
Read MoreSingapore 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
Read MoreAPAC Leads the Way on Central Bank Digital Currencies
The global crisis caused by the COVID-19 pandemic has rapidly pushed many businesses into a digital world. Central banks are now also adapting the architecture of money to this new digital business reality, but some countries are more forward-thinking than
Read MoreDBS’ Report: Asia at the Forefront of the Digital Currency, Payments Revolution
Asia is the largest market for digital payments and will maintain its leading position with an estimated 16% compounded annual growth (CAGR) rate through the first half of this decade, according to a new report by Singapore’s DBS Bank. In
Read MoreMAS Proposes New Regulations Amid Emerging Risks Arising from Digital Assets
Singapore’s central bank, the Monetary Authority of Singapore (MAS), is proposing new regulations that it would give it more power to regulate the financial services industry, notably in the fields cybersecurity and virtual assets, the regulator said on July 21.
Read MoreA Review of Singapore’s Top Fintech Developments in 2019
In 2019, Singapore continued to pursue its ambition to become the world’s first Smart Nation with a leading Smart Financial Centre, inking partnerships with international peers, launching nationwide initiatives to further development and adoption of cutting-edge technologies, and introducing new
Read More5 Key Announcements from Singapore Fintech Festival 2019 (Day 1 )
The 2019 Singapore Fintech Festival (SFF) kicked off on Monday at the Singapore EXPO, marking the first day of the world’s biggest annual fintech gathering. Last year, the week-long event brought together a staggering 45,000 participants from 130 countries. This
Read MoreMAS Announces Successful Trial of Blockchain Based Prototype for Multi-Currency Payments
The Monetary Authority of Singapore (MAS) announced that they have led the successful development of a blockchain-based prototype that enables payments to be carried out in different currencies on the same network. In a media statement, they stated that this
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