On location

Thailand-based SCB 10X, the venture investment arm of SCBX group, announced Monday that it has invested $10 million in RakkaR Digital, a Singapore-based institutional-grade digital asset custody platform for institutions powered by Fireblocks.

The Monetary Authority of Singapore (MAS) on Monday released a report detailing potential uses of a purpose-bound digital Singapore dollar (SGD) and the supporting infrastructure required, marking the successful completion of Phase 1 of Project Orchid.

Datasonic Group Berhad, a Malaysia-based ICT solutions provider, has entered into a memorandum of understanding (MOU) with Meta Doers World Holding Berhad (Meta Doers) to form a strategic partnership through incorporation of a joint venture company to explore the business opportunities related to metaverse in Malaysia and ASEAN countries.

In the interview, Bhanu also elaborates on its plans after raising funds and the firm’s ambition in the longer term. He, however, declined to comment on the company's financials and fundraising plans.

Together with the all-star advisory team, TechNode Global spent close to two weeks evaluating every nomination and determining the finalists.

Contemporary Amperex Technology Company (CATL) and VinFast Trading & Manufacturing Joint Stock Company (VinFast) on Monday announced a Memorandum of Understanding for global strategic cooperation to expand collaboration in areas including CIIC (CATL integrated intelligent chassis) skateboard chassis products.

Singapore-based digital marketplace for alternative investments Alta (previously known as Fundnel) announced Monday the acquisition of the leading private digital securities exchange Hg Exchange (HGX).

Indonesian e-commerce company Bukalapak announced Monday that its revenue grew by 86 percent year on year to IDR 898 billion ($57.58 million) in the third quarter of 2022 (3Q22), underpinned by strong performance of its online-to-offline solution Mitra Bukalapak.

DBS on Monday announced a partnership with Open Government Products (OGP) to launch a live pilot where purpose-bound money-based vouchers (PBM vouchers) are issued using tokenised SGD to facilitate “real-world” live transactions with selected merchants.

Singapore and Hong Kong lead green fintech development among the five economies in the Asia-Pacific Economic Cooperation (APEC), a report said Friday. Both Hong Kong and Singapore are in the stage of scaling up and accelerating to mature levels in terms of green fintech development compared to the past two years.