Tag "digital assets"

More Than a Quarter of Asian Financial Institutions Are Investing in Digital Assets

As the financial landscape undergoes a digital revolution, institutional investors are increasingly turning their attention to digital assets such as cryptocurrencies and Central Bank Digital Currencies (CBDCs). A recent report by SBI Digital Asset Holdings (SBI DAH) sheds light on

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5 Top Fintech Trends Set to Define Singapore

As the tech-driven economic landscape continues to evolve at a remarkable pace, Singapore remains at the forefront of this transformation, particularly in the realm of fintech. In 2024, some of the top fintech trends in Singapore showcase how the city-state

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Global Crypto Funding Slumps 42.5% Amidst Crypto Winter

Funding to cryptocurrency companies plummeted 42.5% in 2022, plunging from an all-time high (ATH) of US$37.08 billion secured in 2021 to US$21.26 billion last year, a new report by crypto data aggregator CoinGecko shows. While the drop may appear significant,

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Digital Assets Wealth Management: A US$54B Opportunity for Asia’s Wealth Managers

In Asia, adoption of digital assets as an investment is growing at a staggering pace, emerging this year as the fifth largest asset class in the region. But despite soaring demand from investors, the majority of wealth management firms are

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Thailand’s Financial Regulator Lays out Plans for Payments Using Digital Assets

Thailand’s central bank and financial regulator have shared their views and positions on regulating the new, digital-powered financial landscape, outlining plans to issue virtual banking guidelines, rules on the use of digital assets for payments, as well as relaxing regulation

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Regulators and Financial Institutions in APAC Waking up to Digital Asset Opportunities

In Asia Pacific (APAC), financial institutions and regulators are recognizing the potential of tokenized securities and exploring the concept. But despite recent positive developments, several challenges still need to be addressed, including regulatory heterogeneity and the need for deeper industry

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Vietnam’s Prime Minister Calls for Pilot of Central Bank Backed Digital Currency

Vietnam’s Prime Minister Pham Minh Chinh is asking the State Bank of Vietnam (SBV) to study and carry out a pilot implementation for a digital currency powered by blockchain technology in the 2021-2023 period. The surprise move came in the

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NFT Craze and Institutional Participation Fuel the Crypto World

The cryptocurrency rally continued in Q1 2021 fueled by the craze surrounding non-fungible token (NFT) and rising participation from institutional investors, according to CoinGecko’s latest crypto report. The CoinGecko Q1 2021 Quarterly Cryptocurrency Report, released earlier this month, looks at

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DBS Report Looks at Digital Assets’ Buoyant 2021 First Quarter

Digital assets, including cryptocurrencies, non-fungible tokens (NFTs) and central bank digital currencies (CBDCs), are having an exciting year 2021, with many developments and booming adoption witnessed in Q1’21, DBS’ latest quarterly update on digital assets outlines. In Q1’21, digital assets

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