Singapore Gulf Bank’s $50 Million Fundraising Plan Singapore Gulf Bank Seeks $50 Million to Expand with Stablecoin Acquisition. It’s a blockchain-focused digital bank. Which plans to raise $50 million in 2025 to acquire a stablecoin payments company. This strategic move reflects the bank’s focus on expanding its services and strengthening.
UBS Asset Management is making waves in the digital finance world by launching its first-ever tokenized money market fund, the UBS USD Money Market Investment Fund Token (uMINT), starting in Singapore. This innovative fund, built on Ethereum’s distributed ledger technology, aims to provide investors with a secure and efficient cash
Paxos has officially launched the Global Dollar (USDG), a US dollar-backed stablecoin, in Singapore. This move aligns with the Monetary Authority of Singapore’s (MAS) regulatory framework. Furthermore, the stablecoin’s reserves will be managed by DBS Bank, Southeast Asia’s largest bank, which ensures high compliance with financial standards. (1/4) Today marks
The cryptocurrency exchange Gemini, led by the Winklevoss Twins, has received In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for its Major Payment Institution (MPI) license. NEW: Gemini receives In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for its Major Payment Institution (MPI) license Application. This
While the Asian regions have been enhancing their crypto involvement, Singapore-based DBS bank announces a major step. Meanwhile, a recent survey showed that North America is home to the largest crypto market on the global level. These data and other cryptocurrency data from Q3 have also shown intriguing results. Notably,
CESS is continuing to solidify its leading role in the world of decentralized infrastructure with participation in several top blockchain events this month: the R3al World @ DePIN Summit, Polkadot Decoded Asia, and Token2049. These events, all held in Singapore, focused on innovative solutions driving the future of Web3, showcasing
In the last 24 hours, amid several news reports, the cryptocurrency sector witnessed the release of governmental institutions’ Bitcoin holdings data. The governmental reserves alone account for 2% of Bitcoin’s total supply. This indicates a widespread adoption of cryptocurrency in the global economy. Moreover, several banks have begun listing digital
Following its successful appearances at Japan’s WebX and Korea Blockchain Week (KBW), GGI continued to make waves at Token2049 Singapore, one of the largest blockchain conferences of the year. With exciting new partnerships and a strong presence across major side events, GGI demonstrated its ongoing commitment to leading innovation in
The highly anticipated ‘Meet Your Meme’ TOKEN2049 Afterparty, hosted by LBank in collaboration with Shiba Inu, Babydoge, and SaitaChain, concluded with resounding success. The event brought together a vibrant crowd of meme enthusiasts, crypto innovators, and community members for an unforgettable evening filled with fun, creativity, and interactive experiences. Held
Amsterdam, Netherlands, 18th September 2024, Chainwire
