Asia

The Singaporean sovereign wealth fund and SoftBank Vision Fund 1 are working with a financial adviser and have reached out to potential investors to gauge interest.

MetaComp, a licensed cross-border foreign exchange and digital assets infrastructure provider headquartered in Singapore, and OSL Group, a Hong Kong-listed global compliant digital financial infrastructure platform, have announced a strategic partnership to foster compliant cross-border digital asset infrastructure between the two countries.

Wellous said the collaboration covers consumer insight-sharing for target markets, co-development of new business approaches, brand reputation building, as well as authorised sales and promotion of Jung Kwan Jang products by Wellous in designated countries.

Airwallex, a global financial platform for modern businesses, announced Wednesday the acquisition of OpenPay, a San Francisco-based billing platform that offers subscription management, payment orchestration, and revenue analytics.

Headquartered in San Francisco and Dublin, Stripe processes over $1.4 trillion of payments annually, equivalent to 1.3 percent of global GDP. Stripe users include half of the Fortune 100, 80 percent of the Forbes Cloud 100 and 78 percent of the Forbes AI 50.

StraitsX, a licensed Major Payment Institution (MPI) based out of Singapore and issuer of the XSGD and XUSD stablecoins, has announced a strategic memorandum of understanding (MOU) with TBCASoft, the U.S.-based on-chain finance innovator and the creator of the HIVEX® Network.

Amazon announced Monday the launch of the AWS Asia Pacific (New Zealand) region with potential investment of NZ$7.5 billion ($4.4 billion).

Insider threats, supercharged by artificial intelligence (AI), set for explosive growth in the Asia Pacific and Japan (APJ), Exabeam research showed recently.

Animoca Brands, the Hong Kong-based Web3 and digital property rights firm, Fosun Wealth Holdings, a digital global wealth management platform, and FinChain, an innovator in blockchain finance, have announced a strategic partnership to advance the development of Asia’s real-world asset (RWA) ecosystem.

SC Ventures, the Singapore-based innovation and ventures unit of Standard Chartered, and INSEAD, the business school for the world, have on Tuesday announced the launch of Lexarius, an artificial intelligence (AI)-powered EdTech venture with a bold vision to unlock human potential everywhere by making learning deeply experiential.