Gemini Exchange Adds Local Currency, DeFi Tokens in Singapore Expansion
The exchange has increased the trading options for Singapore users, including several DeFi tokens. Source
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Singapore
Singapore Exchange to streamline trading processes with blockchain tech
The use of distributed ledger technology can bring efficiencies to many aspects of the lifecycle of financial products, from listing and issuing through to the settlement of trades.Singapore Exchange, or SGX, has announced a joint venture with investment firm Temasek to use DLT to streamline the issuance and trading of
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Singapore Exchange, Temasek Launch Digital Asset Business for Capital Markets
The new venture will focus on capital markets, and the firms are looking to partner with fixed income issuance platforms for their post-trade infrastructure. Source
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Crypto custody firm graduates Singapore Monetary Authority’s regulatory sandbox
Crypto-custody provider and securities firm, Propine, has graduated from the Monetary Authority of Singapore’s fintech regulatory sandbox program, emerging with a Capital Markets Services License and the green light to commence full operations.The Singapore-based securities services firm for institutional clients was admitted entry to the MAS regulatory sandbox on Nov.
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SBI Teams Up With Swiss SIX Exchange to Offer Institutional Crypto Services in Singapore
An SBI Holdings subsidiary and SIX Digital Exchange will offer digital asset services for institutional investors in Singapore. Source
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Jack Ma’s Ant Group, 3 Other Digital Banks Get OK to Operate in Singapore
The approved digital banks will be able to start operating from Singapore in early 2022. Source
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Australia and Singapore to Trial ‘Paperless’ Trade Using Blockchain Technology
The Australian Border Force (ABF), the country’s customs and border protection agency, wants to simplify cross-border trade with Singapore using blockchain technology.In collaboration with Singapore Customs and the Singapore Infocomm Media Development Authority (IMDA), the blockchain trial aims to reduce administration costs and increase trade efficiency. Specifically, it will test
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HSBC Bangladesh uses blockchain to import 20,000 tons of fuel oil from Singapore
The Bangladesh branch of global banking firm HSBC has conducted the country’s first blockchain-based letter of credit (LC) transaction on the Contour DLT platform.The transaction was used to settle the importation of 20,000 tonnes of fuel oil from United Group’s Singapore subsidiary United Mymensingh Power.HSBC Bangaladesh’s chief executive, Md Mahbub
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Ripple Move to UK or Singapore Possible After Garlinghouse Praises Both Regulatory Authorities
Ripple CEO Brad Garlinghouse pays tribute to the UK’s Financial Conduct Authority, as well as the Monetary Authority
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Singapore Bank DBS Looks to Be Planning a Digital Asset Exchange
DBS is planning to launch an exchange for trading bitcoin and other cryptocurrencies, according to a cached website page. Source
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