Singapore
IDX partners MVGX to develop Indonesia’s carbon exchange system
Indonesia Stock Exchange (IDX) is exploring the possibility of working with MetaVerse Green Exchange (MVGX), a digital green exchange licensed and regulated by the Monetary Authority of Singapore (MAS), to develop Indonesia’s carbon exchange system.
ADDX tokenises vintage French Burgundy wine portfolio by SGX-listed Intraco’s subsidiary
Singapore tech company ADDX has tokenised a curated portfolio of French wines from top wineries in the Burgundy region, giving individual investors a chance to get exposure to fine wine investments at a fraction of the usual cost.
Thailand’s SCB 10X invests $10M in Singaporean digital asset custodian RakkaR Digital
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.
MAS conducts trial for digital Singapore dollar
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.
Singapore’s Alta acquires private digital securities exchange Hg Exchange
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).
DBS introduces programmable money live pilot for government vouchers
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, says report
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.
Southeast Asia’s digital economy expected to hit $200B GMV in 2022, report
Southeast Asia’s digital economy is on track to hit $200 billion gross merchandise value (GMV) in 2022, three years earlier than was anticipated in the inaugural report shared in 2016, said Google, Temasek and Bain & Company in its released seventh edition of the e-Conomy SEA report.
Singapore’s Toku announces Series A extension to $10M as it accelerates APAC growth
Toku, a Singapore-based dedicated cloud communications provider, announced Wednesday a $5 million extension of its Series A round, bringing its total funding to $10 million.The extended round was co-led by Delivery Hero Ventures and Malaysia's OSK Ventures International with participation from Betatron Venture Group.
Singapore top trade associations launch new sustainability alliance
Top trade associations in Singapore namely the Singapore Chinese Chamber of Commerce and Industry (SCCCI), the Sustainable Energy Association of Singapore (SEAS), and the premier trade association for the tech industries in Singapore, SGTech, through a memorandum of understanding launched a new sustainability alliance.
