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
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JP Morgan-backed blockchain firm ‘Partior’ closes $60M series B
Partior is already processing transactions on behalf of several firms including JP Morgan, DBS, and Temasek. Go to Source
DBS Digital Exchange Sees 3-Fold Surge in Trading Value — Custodied Crypto up 80%
DBS, a leading financial services group in Asia, reports a significant increase in the trading value of digital payment tokens on its digital exchange for the first five months of this year. The surge reflects growing institutional interest in digital assets as part of alternative portfolios. “We are studying listing stablecoins on our exchange and … Read more
Singapore Exchange CEO Discusses Future of Crypto Listings
Singapore Exchange (SGX) CEO Loh Boon Chye has shared his insights on whether Singapore’s largest stock exchange will offer crypto-based listings. The executive emphasizes the need for a sustainable ecosystem, stating: “That really means demand, that really means governance, that really means structure.” Despite global trends and institutional pressure, Loh asserts that current conditions are … Read more
Singapore Court Orders Multichain to Pay Fantom Foundation $2.19 Million
The High Court of Singapore has awarded Fantom Foundation Ltd. damages totaling $2.19 million in a case against Multichain Foundation Ltd. and Multichain Pte Ltd. This ruling followed a default judgment due to Multichain’s failure to deliver 4.175 million FTM tokens or their equivalent value. Singapore Court Rules in Multichain Case Fantom Foundation Ltd. (the … Read more
VC Founders Summit Takes Over Singapore: Shaping the Future of Innovation
PRESS RELEASE. [Singapore, 2024] – Venture capitalists and industry leaders are gearing up for the much-anticipated VC Founders Summit on September 21st, promising to elevate discussions, foster collaboration, and chart the future course of innovation and investment. Building on the momentum of past gatherings, the summit aims to bring founders of unique projects and investors … Read more
Paxos Gains Full Approval From Singapore’s Monetary Authority for Digital Token Services
Paxos has secured full approval from the Monetary Authority of Singapore (MAS) to offer digital payment token services, positioning Singapore as a key player in Paxos’s global stablecoin operations. The approval permits the issuance of stablecoins compliant with MAS’s forthcoming regulatory framework. DBS Bank Named Main Banking Partner as Paxos Secures MAS Approval Paxos, a … Read more
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
Singapore’s National Goalkeeper, Hassan Sunny, Appointed as Chief Security Officer for HTX Global and TRON
Singapore’s national goalkeeper, Hassan Sunny, has been appointed as the Chief Security Officer and spokesperson for HTX Global and TRON. The announcement was first made by Justin Sun on social media. Drawing parallels between Sunny’s role on the football field and his new position, Sun expressed confidence that just as Sunny defends the goal line … Read more
CBDC Interest Climbs Steadily Over Five Years, Google Trends Data Shows
Google Trends data reveals a consistent increase in search interest for “CBDC,” which stands for central bank digital currency, over the past five years. The term has maintained a score above 20 since August 2022, on a scale of 1 to 100, where 100 signifies peak interest. CBDCs See Consistent Search Growth, Top Regions Include … Read more
