Following a successful trial of DLT-based bond issues, SGX has formed a dedicated company with investment firm Temasek to extend and expand the use of the tech.
Singapore, the Republic of Singapore, is a city-state located on an island in Southeast Asia and shares borders with Malaysia and Indonesia. Singapore has a strong economy with a favorable investment climate, a competitive environment, and a high level of education and welfare. In this way, for companies that work with Bitcoin, Singapore is a good place to set up a business because cryptocurrency is allowed to be used in Singapore and has governmental support. Moreover, Singapore was one of the first countries to start regulating the usage of digital currencies in 2014 by imposing taxes on it. In terms of blockchain technology, authorities in Singapore are interested in applying this technology to their advantage.
Accredited investors can now own tokenized shares of a premium whiskey collection powered by Zilliqa.11290
Singapore-based Propine emerged from the MAS regulatory sandbox with a Capital Markets Services License and an authorization to begin offering digital-asset services to institutions.10875
These five countries have led the way in driving cryptocurrency and blockchain adoption in 2020.13489
OSL is now officially licensed to operate regulated brokerage and automated trading services for digital assets.5469
Singapore’s stock exchange SGX will also have a stake in the platform.7079
Executives from Facebook’s ‘Diem’ Association, Circle, Soramitsu, and Coinbase discussed how and when digital currencies will go mainstream, at the Singapore Fintech Festival.18493
The new platform aims to establish an institutional corridor between Europe and Asia.5372
Survey results suggest “blockchains thrive when being used for multiple integrated applications.”3480
After an earlier attempt, China Construction Bank has gone back to the drawing board with new partners and a new proof-of-concept for a blockchain-based bond.11610
Following the launch of a nationwide APS blockchain network for federal, state and local staff, Australia has launched an international blockchain trial with Singapore.7044
The chief fintech officer at Singapore's central bank told Cointelegraph about his thoughts about Singapore's wholesale CBDC.27168
BlockShow 2020 at Singapore FinTech Festival to reflect on achievements of blockchain and how the mainstream finance industry is starting to accept blockchain and digital currency tech.3359
HSBC Bangladesh has completed the country’s first blockchain-powered cross-border trade settled using a letter of credit.12388
The forthcoming digital asset exchange from Singapore’s largest bank DBS is expected to encourage other Asian financial institutions to reveal their crypto strategies.6974