Asia

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.

91 percent of ASEAN enterprises expect generative artificial intelligence (GenAI) disruption within 18 months, with 16 percent having introduced GenAI applications into the production environment and 84 percent in the initial testing phase, a study showed Tuesday.

Origgin Ventures, a venture co-creation firm from Singapore, has announced the official launch of its $30 million Origgin Ventures Japan (Origgin Japan) in Fukuoka.

Tazapay, a Singapore-based cross-border payments infrastructure platform, announced Tuesday the successful close of its Series B funding round with investment from Peak XV Partners, Ripple (US), Circle Ventures, Norinchukin Capital (Japan), and GMO VenturePartners (Japan).

The firm is seeking cash for a new private credit and private equity fund, managing partner Rachel Lau said in an interview with Bloomberg.

B Strategy, an investment firm focused on digital assets, announced Tuesday it will launch $1 billion U.S.-listed BNB Treasury company with Hong Kong-based YZi Labs’ support (formerly Binance Labs).