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"By partnering with Libeara to offer a tokenized Singapore dollar government bond fund for all our investors, we are ensuring that we can provide additional investment opportunities enabled by lower operating costs, higher transparency and higher operational efficiency,” Sue Lynn Lim, CEO and COO of FundBridge Capital said in the
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Foresight Ventures sees the acquisition as an opportunity to establish a significant foothold in the US and contribute to The Block’s growth amidst challenges in the crypto media industry. Singapore-based Foresight Ventures has completed the acquisition of a majority stake in The Block, a prominent crypto news and data provider. The
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The Block, a crypto-focused media company, sold a majority stake of its company to a venture capital firm in Singapore, according to Axios, which has valued it at $70 million.Foresight Ventures, the firm behind the deal, is buying an 80% stake for $60 million. The venture capital (VC) firm says
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SC Ventures and SBI Holdings' Digital Asset Joint Venture investment company will be established in the United Arab Emirates (UAE) and focus on firms in market infrastructure, risk and compliance, decentralized finance (DeFi) and tokenization, according to a Thursday email. Original Source
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The UDPN’s transaction nodes are where the magic happens, being connected to currency systems and currency pools,” Schacher said in an interview. “The way to envision it is each currency needs a transaction of its own, so to speak. This could be central banks in the future, owning transactions and
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To demonstrate the potential of UDPN, Standard Chartered’s SC Ventures and Deutsche Bank conducted a trial. Standard Chartered’s SC Ventures and Deutsche Bank have achieved a significant milestone by completing the first Proof of Concept (PoC) for the Universal Digital Payments Network (UDPN). This groundbreaking initiative aims to revolutionize the way digital
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“The state is home to innovative entrepreneurs, major corporations with global reach and policymakers including Rep. French Hill and Sen. John Boozman, both of whom have taken an interest in digital asset technology. All of this makes Arkansas a great place to work with the startup community,” Tillemann told Cryptox. Source
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Crypto data aggregator CoinGecko released a study on Oct. 10 about the most active cryptocurrency firms, with Coinbase Ventures emerging as the most active. Data in the study showed that the Coinbase Ventures made 144 investments in pre-seed or seed stage and an additional 199 investments at the early stages of
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Damoon, a Tether subsidiary in which Northern Group acquired a stake earlier this year, has purchased $427 million of Nvidia chips for generative AI cloud computing. Original Source
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Blockchain Capital secures a record $580 million in new funding to invest in emerging and later-stage crypto initiatives, focusing on decentralized finance, gaming, and blockchain infrastructure. The freshly obtained investment will be channeled towards budding and innovative startups specializing in diverse crypto sectors. This includes the trending decentralized finance (DeFi), crypto
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