Blockchain infrastructure firm Paxos has introduced a new stablecoin, USDG, in Singapore. USDG is backed 1:1 by the U.S. dollar, and it was developed in partnership with DBS Bank to meet the regulatory standards of the Monetary Authority of Singapore (MAS), according to Paxos' announcement on November 1, 2024. This ...
Singapore's leading financial institution, DBS Bank, has unveiled a new suite of solutions that incorporates tokenization and smart contract capabilities into its existing banking services. The new product, "DBS Token Services," combines the bank's Ethereum Virtual Machine (EVM)-compatible permissioned blockchain with its core payment engine and various industry payment systems. ...
Singapore's DBS Bank has revealed plans to launch over-the-counter cryptocurrency options trading and structured notes for qualified institutional investors and accredited wealth clients beginning in Q4 2024. Currently, the bank enables clients to trade cryptocurrencies and security tokens through its platform, DBS Digital Exchange. With the new initiative, clients will ...
Singaporean banking giant DBS has launched a blockchain-based solution that leverages smart contracts to simplify and expedite the distribution of government grants. According to local media reports, DBS completed a pilot project in partnership with Enterprise Singapore and the Singapore Fintech Association (SFA). During the pilot, 27 local fintech firms ...
DBS Bank, a Singaporean financial institution, has partnered with Chinese digital payment provider Ant International to launch a blockchain-based treasury and liquidity management solution. In a press release published today, August 13, 2024, DBS noted that the partnership aims to optimize workflow and improve transparency in treasury operations. Notably, DBS ...
