Blockchain / Crypto

Tokai Tokyo Financial partners Singapore’s ADDX to offer private market investment products in Japan

Tokai Tokyo Financial Holdings and ADDX has announced a new partnership to offer fractional private market investment products to investors in Japan, after Tokai Tokyo secured a security tokens license from the Japanese regulator.

Singapore’s True Global Ventures invests $1.25M in walletless NFT platform Forza Ikonia

Forza Ikonia has previously pioneered the concept of Emotion NFTs to illustrate the emotional experiences of athletes during important moments. The first release was by tennis legend Björn Borg and Ikonia has upcoming drops with several top-tier sports stars. Other near future projects include esports teams and influencers. The goal is to become the Y…

Achieving the next-generation crypto exchange for the masses through DeFi platforms

The metaverse is expected to see the rise of a multitude of digital and online platforms and services. One specific sub-sector here that merits attention is that of Decentralized Exchanges (DEX). While digital currency exchanges have experienced setbacks over the years, they continue to grow and gain more users.

Siam Commercial Bank buys 51% stake in digital asset exchange Bitkub for $540M

Under the deal, SCB’s affiliate SCB Securities Co., Ltd. (SCBS) will become Bitkub’s major shareholder and will be responsible for driving and engaging closely with the company as a business partner in building a business and digital asset ecosystem whereby digital asset exchange will become one of the nation’s key infrastructure segments to achieve further…

Hong Kong-based gaming platform The Sandbox raises $93M funding led by SoftBank to grow its open NFT metaverse

The investment will enable the company team to scale the platform’s growth as a prime entertainment destination where brands, IPs, and celebrities can engage with their fans through virtual experiences including games, live performances, and social experiences.

Malaysia property developer Hatten Land partners Singapore FinTech Hydra X to develop and operate cryptocurrency exchanges

With every transaction being recorded on distributed ledgers, regulated financial institutions might reject Bitcoins that may have been used for illegal activities. However, freshly minted 'Virgin Bitcoins' with no transaction history are considered pristine and can potentially command a premium. 'Green Bitcoins' mined with renewable energy sources are also…

Vietnam blockchain game studio Sipher raises $6.8M Seed round to develop its upcoming World of Sipheria game

Sipher is fostering an ecosystem where people can play for fun while also being rewarded for their time spent in-game. By leveraging blockchain technology, Sipher is bringing economic freedom to gamers and providing the community with ownership of in-game assets which directly contributes to the growth and success of the gaming industry.

Hong Kong’s XanPool secures $27M funding round led by Valar Ventures to consolidate APAC presence and expand service offerings

XanPool software allows anyone to seamlessly enable Crypto to Fiat on- or offboarding, instantly executing and settling transactions without taking custody of customer funds. Its unique C2C software solution and liquidity network make the onboarding and offboarding infrastructure in crypto much more user-friendly, and resilient against existing…

The future of banking: Immersive banking – the holy grail (part 3 of 3)

In this new paradigm, key services such as deposit-taking service, asset-custodian, insurance, lending services, risk management, and the offer of securities, etc. will be redistributed between different tech layers and service providers. New capabilities, such as smart contract audit or underwriting (for non-crypto assets) could also be created along the…

Cryptocurrency exchange platform FTX Trading closes $420M Series B-1 funding round, now valued at $25B

FTX Trading Ltd. announced the closing of a $420.69 million Series B-1 fundraise, increasing the valuation of the company to $25 billion.