Blockchain / Crypto

Fasset, a United Arab Emirates (UAE) financial superapp, has secured approval from Malaysia to provide banking services.

Dtcpay, a Singapore-based licensed major payment institution (MPI), announced last Wednesday a strategic partnership with WalletConnect, the connectivity layer for the financial internet, to advance onchain payments and stablecoin adoption.

YY Group Holding Limited, a Singapore-based workforce solutions and integrated facility management (IFM) platform provider, announced Wednesday that it has partnered with Obita, an enterprise-level cross-border payment and digital financial network, to strengthen global ecosystem with stablecoin payment infrastructure.

The Monetary Authority of Singapore (MAS), in collaboration with DBS, HSBC, OCBC, UOB, SPTel and SpeQtral, has successfully completed a proof-of-concept (PoC) sandbox to evaluate the use of Quantum Key Distribution (QKD) for secure communications in the financial sector.

Fnality, the operator of next generation wholesale payment systems in the United Kingdom, announced Tuesday it has raised $136 million in a Series C funding round led by WisdomTree, Bank of America, Citi, KBC Group, Temasek and Tradeweb.

Amber International, a Singapore-based provider of institutional digital asset financial services and solutions operating under the brand name “Amber Premium”, announced Monday its comprehensive expansion into the digital assets treasury (DAT) sector.

Singapore-based tech firm Synthesys (formerly known as Equitize) has raised $11 million, in combined seed and strategic funding to build next-generation infrastructure for tokenized securities globally.

Japan-based venture capital firm Credit Saison has established “Onigiri Capital,” a fund specializing in blockchain investments, through its Singapore-based subsidiary, overseas corporate venture capital (CVC).

Singaporean bank DBS, American multinational investment management Franklin Templeton and technology firm Ripple are partnering to provide accredited and institutional investors with innovative trading and lending solutions, powered by tokenized money market funds on the XRP ledger blockchain and stablecoins such as Ripple USD (RLUSD).

If exchanges want to earn the confidence of Asia’s investors again, they need to understand that money alone won’t build credibility. Transparency, professionalism, and reliability will. And to project that image, they will need clear communication practices.