Quick Breakdown MAS launches BLOOM to enhance global digital asset settlement using tokenized bank liabilities and stablecoins. The initiative builds on Project Orchid’s successful trials exploring a digital Singapore dollar. Collaborations with Circle, DBS, Stripe, and others aim to advance cross-border payments and financial innovation. MAS launches BLOOM to ...
As the global crypto industry matures and shifts toward regulation, nations are jockeying for position as the world’s leading crypto hub. But what is a crypto hub exactly? It’s not just a regulatory safe haven; it’s a dynamic intersection of innovation, investor confidence, institutional participation, and public-private collaboration. Among the ...
Quick Breakdown Singapore High Court approves WazirX’s restructuring plan for post-hack recovery. The exchange lost $234M in July 2024 to a Lazarus-linked hack. User repayments could begin within weeks, though timelines remain uncertain. WazirX wins court approval to begin repayments Crypto exchange WazirX has received the green light from ...
Quick Breakdown OKX launches Singapore’s first stablecoin-powered scan-to-pay service, enabling payments with USDT or USDC at GrabPay merchant-partners. Users can pay by scanning a GrabPay SGQR code within the OKX SG app, with merchants receiving SGD instantly while funds are deducted from stablecoin balances. The service expands stablecoin utility beyond ...
Quick Breakdown: Hong Kong and Singapore launch regulated token corridor for cross-border settlements. Framework integrates licensed stablecoins, tokenized deposits, and wholesale CBDCs. Initiative sets precedent for global corridors across Asia, Europe, and the Americas. Hong Kong and Singapore are fast-tracking efforts to establish a regulated token corridor that could reshape ...
Quick Breakdown QCP Trading has secured a full MPI license from MAS to provide institutional crypto trading services. The firm plans to expand hiring in Singapore after growing its team by 40% in the past year. Singapore’s strict licensing regime has forced unlicensed exchanges to exit, with only 34 firms ...
Singapore’s DBS Bank is extending its crypto offerings by launching tokenized structured notes on the Ethereum blockchain, a move designed to increase access to sophisticated crypto-linked investment products for accredited and institutional investors. source: DBS Bank via Google DBS is changing the traditional model of structured notes, which typically require ...
WazirX, once India’s largest cryptocurrency exchange, has cleared a major hurdle in its bid to recover from last year’s $230 million hack, winning overwhelming support from creditors for a revised restructuring plan. The proposal, backed by 95.7% of creditors on August 18, is now pending approval from the Singapore High ...
Tokenize Xchange, a Singapore-based cryptocurrency exchange, will cease all operations in the country by September 30 after the Monetary Authority of Singapore (MAS) declined to grant it a licence to provide digital payment token services. The company had previously operated under a temporary exemption but will now relocate its operations ...
In May 2025, Franklin Templeton received approval from the Monetary Authority of Singapore (MAS) to launch the Franklin OnChain U.S. Dollar Short-Term Money Market Fund, the first tokenized money market fund available to retail investors in Singapore. With a minimum investment of just US$20, this fund aims to democratize access ...
