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OCBC announced that it is the first bank in Singapore to offer intraday institutional lending using blockchain technology. By utilising blockchain technology, the exchange of cash and securities becomes near-instantaneous, a significant improvement over traditional repo markets where the process can take at least one business day.
OCBC Bank has partnered with the Land Transport Authority of Singapore (LTA) to pilot a new blockchain payments solution for construction projects. This initiative builds on OCBC’s participation in Project Orchid , a Monetary Authority of Singapore initiative to develop infrastructure for a digital Singapore dollar.
Instead, the company is focusing on its wallet business and blockchain platform Base to drive blockchain adoption by enabling local developers to create solutions for baht and peso stablecoins. The company currently has no plans to directly enter Southeast Asian jurisdictions.
Deutsche Bank has joined the extended Series B funding round for blockchain-based fintech firm Partior , bringing the total raised to US$80 million and marking the close of the round. The Series B initially secured US$60 million in July 2024, led by Peak XV Partners, with participation from J.P.
Global asset manager and Swiss bank UBS has developed and successfully piloted a blockchain-based payment solution, aiming to increase efficiency and transparency, as well as enable the programmability of money movements for corporate and institutional clients. The pilot also included the transfer of liquidity between various UBS companies.
Imperial College London will host a workshop on 26 March 2025, exploring the influence of AI, blockchain and quantum computing on the financial services industry. Participants will also engage in breakout groups to delve deeper into specific issues, providing an overview of how these innovative technologies are shaping the future of finance.
The integration with Nium Verify is powered by Liink, Kinexys’ blockchain-based platform. Liink, a blockchain-based platform developed by Kinexys, facilitates secure and private information exchange among global institutions, including banks, credit unions, fintechs, and digital banks.
Utilising the Base blockchain allows for low-cost transactions. Fireblocks provides the secure wallet-as-a-service infrastructure for the platform, while Elliptic provides blockchain analytics to ensure transaction transparency. Users can make instant mobile payments via a closed-loop QR code system.
The Land Transport Authority of Singapore (LTA) will now be able to disburse mobilisation advance payments to its main contractors with better transparency as a result of the multinational banking and financial services corporation, OCBC , integrating a blockchain-based conditional payments solution with its business banking platform.
StraitsX, a digital asset payments infrastructure provider in Southeast Asia, has partnered with Ant International and superapp Grab to launch a new blockchain-based cross-border payment system. The new system uses Purpose Bound Money (PBM), which specifies the conditions for using stablecoins, and the Avalanche blockchain.
From cash-reliant to a cashless Vietnam The report, based on a consumer survey of over 2,100 participants, reveals that 37% of respondents used bank apps for their most recent purchases, making it the most popular payment method. E-wallets followed at 31%, ahead of bank cards at 18%. rate in 2023.
The National University of Singapore (NUS) has partnered with Northern Trust and UOB to launch a first-of-its-kind initiative that uses blockchain technology to track green bond credentials. NUS, the first university in Singapore to adopt blockchain for ESG reporting, issued its third green bond in 2023.
India has emerged as a key hub for blockchain development, with its share of global onchain developers increasing from 3% in 2018 to 12% in 2023. The company intends to be an active participant in this dialogue as it deepens its presence in India. said John O’Loghlen, Regional Managing Director for APAC at Coinbase.
Furthermore, the report takes a forward-looking approach, incorporating forecasts for 2025 and exploring pivotal themes such as artificial intelligence in payments, the evolution of tokenisation and decentralised finance (DeFi), and the adoption of emerging technologies like blockchain, generative AI, and machine learning.
Ricky now serves as Managing Director for South Asia at TBCASoft, a global fintech driving next-generation cross-border NFC and QR person-to-merchant (P2M) payments using blockchain-based technology. How can APAC banks differentiate themselves by participating in Nexus? Ricky Lim : The key idea behind Nexus is “one connection”.
Enabling seven-day-a-week settlement for stablecoins: Visa has settled more than $225 million to date in stablecoin volume that has been settled through Visa across participating clients. Participating issuers will enable cardholders to accept contactless payments through their bank’s mobile app.
Top regulators attending the event include Roong Mallikamas, Deputy Governor of the Bank of Thailand; Adnan Zaylani, Deputy Governor of Bank Negara Malaysia; and Nik Mohamed Din Nik Musa, Director General of Labuan FSA, with more participants to be announced. Spanning four stagesthe Exchange Stage, MoneyPot, Unfiltered Stage, and HumanA.I.ty
The survey had a strong representation from senior roles, with 58% of participants holding C-level, VP, or director positions, indicating that the insights gathered are from those with significant decision-making power. Among the respondents, 54% were from the United Kingdom, followed by 7% from the United States and 3% from Germany.
Fiserv is positioning FIUSD as a “bank-friendly coin,” making it possible for banks to participate and compete in the tokenized financial ecosystem. The Wisconsin-based company is embedding the blockchain-based payments tool directly into its global financial infrastructure by the end of the year.
Pioneering Technological Advancements One of the significant outcomes of the PoC was the demonstration of smart contractsself-executing codes embedded within the blockchain. For example, the observer node feature implemented during the PoC allowed Bank Indonesia to monitor transactions without compromising participants’ confidentiality.
Attendees can participate in sessions that explore: Regulatory Frameworks: Understanding international and local regulations to ensure compliance. Technological Innovations: Exploring blockchain, real-time payments, and artificial intelligence applications.
” Blockchain-enabled cross-border payments StraitsX , a payments infrastructure provider for the digital assets space in Southeast Asia, has officially gone live in partnership with Ant International and Grab. Visa is committed to meeting the evolving demands of consumers and merchants, ensuring seamless and secure payments.”
Whether youre addressing a niche regulatory challenge or innovating in blockchain, aim to simplify the language without diluting the substance. Great fintech brands dont just participate in conversations, they shape them. Showcasing real voices helps humanise your brand and makes your message more relatable.
Through the launch, the DTCC aims to leverage blockchain technology to streamline the flow of collateral across siloed infrastructure, unlocking major capital and operational efficiencies. Heading The collateral management platform is an application on the DTCC AppChain, built atop LF Decentralized Trusts Besu blockchain.
As a Project Guardian participant, Ant International also leveraged its blockchain-based Whale platform to develop a global treasury management use case for real-time multi-currency clearing and settlement.
With digital banking, mobile payments, and microloans, fintechs allow underserved businesses to participate in the formal economy. Innovations in AI, blockchain, and data analytics hold promise for further transforming SME finance, improving credit assessment, and providing tailored financial insights.
“Platforms like Participate allow banks to extend credit more confidently by reducing concentration risk, enhancing liquidity, and boosting efficiency. “Blockchain-based technologies, especially in payments and remittances, will enhance transparency and reduce costs for cross-border transactions.
“We believe that as soon as crypto payments are as seamless as fiat payments, nothing is left to stop the mass migration of global commerce onto blockchain rails. Users simply select the Apple Pay option at checkout, authenticate with Face ID, and complete the transaction as they would with any fiat payment.
The company has also participated in the Monetary Authority of Singapores Purpose Bound Money initiative and facilitated cross-border retail payment flows with partners including Alipay+ and Grab. It supports tokenised currency issuance, FX, and settlement across both public and private blockchain networks.
In addition to AI, blockchain DLT offers promising solutions for enhancing security in payment systems. Blockchains transparency and decentralisation can also make it particularly useful for preventing fraud, as every transaction is recorded on a tamper-proof ledger that is visible to all participants.
However, PSPs must ensure their systems and processes support this capability, which may involve implementing blockchain analytics tools and strengthening compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. This also positions them as thought leaders in the sector.
Geographically, the research spans six continents, with robust representation from the UK’s financial centres (London, Edinburgh, Manchester) and meaningful participation from the United States (4%), Ireland (2.7%), and major European markets including Germany, Netherlands, and France.
It combines real-time fiat payment rails with blockchain-powered stablecoin rails, addressing inefficiencies in global payments and trade. The company also announced it raised $2 million in pre-seed funding led by Garuda Ventures, with participation from Canonical Crypto, Everywhere Ventures, and Inventum Ventures.
The Financial Crime 360 State of the Industry Survey 2024, which involved 150 participants from 32 countries, provides critical insights into the payments industry. Digital wallets, open banking, and blockchain are increasingly becoming mainstream, leading to an evolving ecosystem where speed, security, and user experience are paramount.
As the first tokenized RWA integrated into the MTN, Ondo’s Short-Term US Government Treasuries Fund (OUSG) will allow participating businesses to earn daily yield via tokenized assets with 24/7 subscriptions and redemptions, without the need for stablecoins onramps or settlement windows.
Participants tackled five central themes: underleveraged innovation, the operationalisation of AI, regulatory challenges, the evolution of embedded finance, and strategic risk planning for 2025 and beyond. Among these, the integration of blockchain and stablecoins in cross-border payments and treasury management emerged as a central theme.
Best events: Fintech Surge / Future Blockchain Summit (Dubai) : Taking place this October at Dubai Harbour, this four-in-one event represents the best bang for your buck. While Future Blockchain Summit is an ideal platform for Web3 startups seeking visibility and early-stage investment in the blockchain and fintech sectors.
The stablecoin is available on Ethereum, Solana, and Ink blockchains, and underpins the Global Dollar Network’s infrastructure. Walter Hessert “As a world-class leader in the blockchain space, OKX has played a pivotal role in shaping digital finance. ” said Jeff Ren, Founder of OKX Ventures.
It’s money that lives on blockchain rails but doesn’t behave like Bitcoin. They Are Coins, But They Are Not the Same Thing While stablecoins live on the same blockchain infrastructure, their purpose is quite different from that of typical cryptocurrencies like Bitcoin or Ethereum.
The Bundesbank will participate in various pilot projects testing specific use cases for asset tokenisation, exploring its feasibility and its potential benefits for capital markets, and examining how it can leverage network effects. The Bundesbank is very pleased to be cooperating with a partner that is as competent as MAS.”
The ninth edition of the Singapore Fintech Festival (SFF) wrapped up on 8th November, concluding a dynamic week-long of celebration of fintech that brought together tens of thousands of participants from around the world. The year’s conference featured an impressive lineup of over 900 speakers across more than 400 sessions.
Open sourcing innovation Making innovation technology open-source would go a long way to helping make traditional financial providers more inclusive, according to Chris Chabot , VP developer relations at Shardeum , an auto-scaling layer 1 blockchain ecosystem.
Rain’s technology stack allows for card transactions on the Visa network to be interoperable with stablecoins across multiple blockchains. “By participating in Visa’s USDC settlement program, we are now able to conduct settlement 7 days a week, 365 days a year, operating outside of traditional banking hours.
Blockchain technology and cryptocurrencies could also disrupt traditional models, offering faster, more secure, and lower-cost transactions. As embedded finance becomes more sophisticated, it will likely expand its reach to underserved populations across Asia and beyond, enabling greater economic participation.
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