Singapore Gulf Bank looks to sell equity stakes to fund product expansion and a 2025 stablecoin payments acquisition.
Singapore news
The Monetary Authority of Singapore is pulling together the projects and participants needed for the next step in its asset tokenization trials.
Temasek, a state-owned investment company in Singapore, currently has a total portfolio value of approximately $288 billion.
The GFTN is established as the second phase of Singapore’s fintech growth initiative, which focuses heavily on payments, asset tokenization, AI and quantum computing.
DBS Bank has launched its “DBS Token Services” for real-time blockchain payment settlements, using smart contracts for enhanced security and transparency.
The major European securities settlement firm has found an Asian platform for its FundPlace offering.
The Singapore-based exchange will officially shutter on Nov. 30, 2024.