Tag "DBS"

DBS Emerges as First Bank in Southeast Asia to Join the Hedera Governing Council

DBS Bank has joined the Hedera Governing Council, the group of diverse organisations responsible for stewarding the Hedera network which is a sustainable, enterprise-grade public network for the decentralised economy. As the first and only bank in Southeast Asia to join

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MAS Green Lights DBS’ Brokerage Arm for Digital Payment Token Services

DBS Vickers (DBSV), the brokerage arm of DBS Bank, announced that it has received formal approval from the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019 to provide digital payment token services as a Major Payment Institution.

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DBS Set to Hire Tech Talent to Bolster AI, Blockchain Capabilities Through Hack2Hire

DBS plans to hire around 150 of Singapore’s top technology talent through its Hack2Hire hackathon to bolster its AI and blockchain capabilities. Following a year-long hiatus due to Covid-19, DBS Hack2Hire will enable candidates to meet like-minded technologists and participate

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MAS Set to License DBS’ Brokerage Arm for Digital Payment Token Services

DBS Vickers (DBSV), the brokerage arm of DBS Bank, has received in-principle approval from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA) to provide digital payment token services. DBSV is one of the first few financial

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DBS and Temasek Launches US$500 Million Debt Financing Platform for Tech Startups

DBS and Temasek announced that they have entered into an agreement to jointly launch a US$500 million growth stage debt financing platform called EvolutionX Debt Capital. Headquartered in Singapore, EvolutionX will provide non-dilutive financing to growth stage technology-enabled companies across

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Singapore’s Incumbent Banks: How Are They Stepping Up Their Digital Game?

In December 2020, the Monetary Authority of Singapore (MAS) announced four successful digital bank applications. Out of 14 eligible applicants, the four successful entities – a consortium comprising Singapore Telecommunications Ltd (Singtel) and Grab Holding Inc. (Grab), a consortium of

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DBS First Bank in the Region to Issue Security Token at S$15 Million

DBS announced that it has priced an SGD 15 million digital bond, marking DDEx’s first Security Token Offering (STO) as part of efforts to broaden the suite of products on the DBS Digital Exchange (DDEx). The DBS Digital Bond, which

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DBS, SGX, StanChart and Temasek Tackles Climate Action With Global Carbon Exchange

DBS, Singapore Exchange (SGX), Standard Chartered and Temasek joined forces to take climate action through a joint venture Climate Impact X (CIX) which aims to be a global exchange and marketplace for high-quality carbon credits. CIX will offer distinct platforms

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DBS Launches Asia’s First Bank-Backed Trust Solution for Cryptocurrencies

DBS Private Bank has introduced a trust solution for the asset class via DBS Trustee, the bank’s wholly-owned, licensed trust company, to enable its private banking clients to invest, custodise and manage their digital assets. According to DBS, this offering

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DBS, 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

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