News
Sea makes major FinTech push as it acquires Indonesia’s Bank BKE
With this acquisition, Sea, which is regarded as Southeast Asia’s most valuable company, strengthens its foothold in the FinTech sector. The company is inching closer towards its goal of becoming the financial technology leader in the ASEAN region.
Crypto.com announces partnership with Alchemy to enhance its developer platform
This collaboration expands the company’s chain support ecosystem as it takes another significant step towards its Mainnet launch. The partnership is set to give rise to a suite of developer tools and services that allow Crypto.com chain partners to develop high-quality apps.
OpenBook Ventures is GitLab Co-Founder Sid Sijbrandij’s $100M VC fund reportedly looking to invest in Asia
Sid Sijbrandij, Co-Founder and Chief Executive Officer of GitLab, has reportedly established a $100 million venture fund in 2020 called OpenBook Ventures, which looks to invest in companies and innovations in Asia and other global markets, according to DealStreet Asia.
Singapore FinTech Zipmex raises $6M to grow its digital assets exchange in Asia Pacific
The company plans to grow the team and work on its current product offerings and set up new offerings to further diversify. This will include working on ZipUp, Zipmex’s interest-bearing product, and ZMT, its new native token.
Singapore sets new rules for payment service companies that support crypto
On the first working day of 2021, Singapore’s Parliament approved a bill to impose stricter oversight on virtual payment service providers that support DPTs or cryptocurrencies
