MetaComp’s Pre-A+ funding round, backed by Alibaba and Spark Venture, brings the total capital raised to $35 million, with aims to expand its StableX Network globally.
Singapore News
Singapore, known officially as the Republic of Singapore, is a city-state located on an island in Southeast Asia. Singapore has a strong economy with a favorable investment climate, a competitive environment and a high level of education. Although Singapore has regulations around the industry, the country is commonly known for showing positivity toward blockchain and crypto. Regarding fintech, Singapore has a bustling scene. In Singapore, cryptocurrency trading is prevalent.
The country’s central bank, the Monetary Authority of Singapore, or MAS, has put forth a number of efforts relating to crypto regulation. A sign of its leadership in innovation, Singapore’s government was discussing Bitcoin taxes back in 2014, in the asset’s early days.
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A pilot involving the central bank and major financial institutions tested whether distributed ledger infrastructure could streamline bond issuance, trading and settlement.
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The appointments add traditional finance and institutional crypto experience as the layer-1 blockchain scales its post-launch strategy.
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Japan’s SBI Holdings has signed a letter of intent to buy a controlling stake in Singapore-licensed crypto exchange Coinhako.
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The six-month central bank pilot brings together market infrastructure providers, banks and Web3 companies to assess how core UK markets could move onchain.
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StraitsX will expand its Singapore dollar and US dollar stablecoins to Solana by early 2026, targeting payments, DeFi and AI use cases.
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Singapore’s MAS has widened Ripple’s MPI license scope, enabling regulated token services, end-to-end payments and major growth across Asia-Pacific.
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Ripple has also made several acquisitions this year to expand its business and institutional-focused offerings, with the latest being crypto custody and wallet company Palisade.
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Binance’s latest move targets demand from traditional wealth clients and asset managers taking their first steps into the crypto space.
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Survey data points to cautious allocations, long-term holding and a preference for regulated platforms as Singapore’s retail market continues to mature.
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Institutions across the globe are adopting cryptocurrency, offering new services and buying into blockchain tech, despite slumping Bitcoin price.
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Southeast Asian super app Grab’s MOU with StraitsX shifts its Web3 efforts from pilots to infrastructure, exploring a unified stablecoin settlement layer across Asia.
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SGX is aiming to capture rising institutional crypto demand by launching the second set of Bitcoin and Ether perpetual futures products in Singapore.
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The Monetary Authority of Singapore says only fully regulated, reserve-backed stablecoins will qualify as settlement assets as Singapore prepares legislation and expands CBDC trials.
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Expanding outside the US, Coinbase Business launches in Singapore to give startups and SMEs a unified platform for USDC payments, asset management and more.
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