Singapore advances asset tokenization with new MAS frameworks
The Monetary Authority of Singapore is pulling together the projects and participants needed for the next step in its asset tokenization trials. Go to Source
MAS
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Paxos launches USD-backed USDG stablecoin with DBS Bank
Paxos launches USDG, a Singapore-compliant stablecoin, partnering with DBS Bank for US dollar reserves in line with Singapore’s MAS framework. Go to Source
Singapore bolsters fintech hub with Global Finance Technology Network
The GFTN is established as the second phase of Singapore’s fintech growth initiative, which focuses heavily on payments, asset tokenization, AI and quantum computing. Go to Source
Gemini crypto exchange receives preliminary approval in Singapore
Gemini has received in-principle approval for a Major Payment Institution license in Singapore. Go to Source
Bitcoin Bounces Back Above Key Averages, Glassnode Sees New Investor Resilience
Bitcoin has recaptured its Short-Term Holder (STH) cost basis of $61,900 following the Federal Reserve’s recent 0.5% interest rate cut, according to Glassnode’s recent analysis. Despite the market’s ongoing consolidation, the report suggests new investors have demonstrated notable confidence in the long-term market outlook. Report Shows Despite Consolidation, New Bitcoin Investors Display Strong Market Confidence … Read more
Singapore probes illegal Worldcoin accounts and token sales
Singapore investigates unauthorized Worldcoin account sales as regulators raise concerns over data misuse and criminal activity. Go to Source
OKX bags Singapore crypto license
OKX Singapore also announced that it onboarded Gracie Lin, who previously worked at MAS, as its CEO. Go to Source
US crypto firm BitGo wins payment license in Singapore
Before receiving the license, BitGo served users in Singapore and APAC, but the offering included only custody services from the US South Dakota Trust and hot wallets. Go to Source
Singapore commits $74.3M for quantum and AI in finance
MAS injects funds to enhance quantum computing and AI in Singapore’s finance sector, supporting local institutions with substantial co-funding. Go to Source
Paxos gains approval for Singapore stablecoin launch with DBS partnership
Paxos will partner with Southeast Asia’s largest bank, DBS, for the stablecoin launch. Go to Source
