Category: Singapore

Central Banks of Canada, Singapore and UK Propose CBDCs for Cross-Border Payments

The reserve banks of Canada, Singapore and the United Kingdom have singled out central bank digital currencies as being one of the solutions that can be implemented in order to solve the challenges encountered when making cross-border payments.

Singapore’s KuCoin Hits Funding Target Despite Bearish Markets

Singapore based KuCoin crypto exchange has raised $20 million in its first round of financing. The news comes as cryptocurrencies continue to get battered in a year that has seen the market crash by over 70%.

Blockchain Valley Ventures Launches New Unit in Singapore as Part of Asia Expansion Plans

Blockchain Valley Ventures (BVV), a Switzerland-based venture capital firm and accelerator, has announced it is launching a new regional unit in Singapore.

Singapore Gov’t Develops Blockchain Based Security Token System

An automated Delivery versus Payment (DvP) platform has been jointly developed by the Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX). Its purpose is to allow the settlement of tokenized securities across various blockchain platforms.

Singapore’s Central Bank, Stock Exchange Settle Tokenised Assets on a Blockchain

In a blockchain breakthrough, Singapore’s central bank and the country’s primary stock exchange have successfully developed an automated method for rapid settlements of tokenized assets.

Singapore Exchange Successfully Trials Blockchain for Tokenized Assets Settlemen

Singapore Exchange Limited (SGX), along with the Monetary Authority of Singapore (MAS), have successfully tested the use of blockchain technology for tokenized assets settlement, according to a SGX release issued Sunday, Nov. 11.

Singapore and Korea to become Hub for blockchain tech and dApps riding on ASTON

The formation of ‘Asia Blockchain Promotion Global Consortium’ was announced by ASTON, a Korean blockchain platform company, on Nov 1, indicating the arrival of the Singapore-Korea region as the hot hub for blockchain technology evolution as well as dApps development.

Binance Records 40,000 Ugandan Crypto Traders In One Week, Singapore Next?

Although the world-renowned Binance Exchange, which facilitates crypto-to-crypto transactions, has seen waning demand as of late, the startup has forged ahead and has made notable strides in the fiat-to-crypto realm.

What’s Preventing Blockchain Becoming Mainstream in Singapore Business?

lockchain has been mentioned as a technology that could be set to revolutionise many industries for a few years now. It rose to prominence as the technology underpinning bitcoin and other cryptocurrencies and has since been touted as a solution for many other sectors.

Singapore Launches ‘Token Day’ to Bring Crypto to The Masses

Yesterday, October 31st, cryptocurrency Bitcoin (BTC) celebrated its tenth birthday. As part of the celebration, a company called Bizkey has decided to start a new campaign called “Token Day” in Singapore.

Singapore Power Unveils Blockchain Market for Renewable Energy Trading

Singapore Power Group, the country's energy utilities provider, has launched a blockchain-powered marketplace for renewable energy certificates (RECs).

Temasek’s Vertex Invests in Binance to Expand in Singapore

Vertex Ventures, the venture capital arm of Temasek Holdings Pte, said it made an investment in digital asset trading platform operator Binance to develop a fiat-to-cryptocurrency exchange in Singapore.