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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.
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.
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.
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.
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.
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.
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.
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.
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.
The 12-week XDC Accelerator Programme invites startups to develop solutions using XDC Network’s advanced blockchain technology. Rebecah Dausen “The XDC Accelerator Programme with Tenity will empower startups to transform their blockchain ideas into impactful solutions.
PayPal USD (PYUSD), PayPal ‘s USD stablecoin, will now be available on the Solana blockchain. The news was announced at Consensus 2024 , the long-running cryptocurrency, blockchain and web3 event. “Continued adoption from industry participants like PayPal helps realise the next generation of fintech innovation.”
Bitbank , the crypto assets exchange, has officially launched Bitbank Ventures , a new investment firm focusing on projects within the crypto and blockchain space. Bitbank Ventures will consider investing in any blockchain -related projects, ranging from pre-seed to series A.
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.
Payment giant Mastercard has announced the inclusion of five global startups in its Start Path Blockchain and Digital Assets programme. This initiative aims to enhance user experiences and expand the applications of blockchain technology in solving real-world problems.
As more firms look to enter the blockchain and decentralised space, easy integrations and the ability to develop applications are an absolute must. The partnership with Axelar Foundation propels interoperability into the broader blockchain realm. The Axelar Foundation will broaden blockchain adoption by facilitating RWA.
Morgan ’s Onyx , told Karen Webster that peer-to-peer (P2P) private blockchain networks can help streamline information flows tied to cross-border payments and remove the complexities tied to legacy systems. Morgan said it had established Onyx, a new business unit dedicated to blockchain and digital currencies. Liink, J.P.
Blockchain technology has revolutionised numerous industries by providing decentralised, secure, and transparent systems. However, one of the significant challenges it faces is interoperability between different blockchain networks. However, these networks often operate in isolation, limiting the potential of blockchain technology.
The UK’s Regulated Liability Network has chosen R3 , a company specialising in enterprise distributed ledger technology and services, as well as Quant , a blockchain provider for finance, to develop the technology prototype for its experimental stage.
Ripple , the global payments and financial solutions provider, is accelerating blockchain education in the US as its University Blockchain Research Initiative (UBRI) renews its $1.05million partnership with Morgan State University to support blockchain innovators across America’s Historically Black Colleges and Universities (HBCUs).
DBS has initiated the pilot of the “DBS Treasury Tokens”, a blockchain-based solution designed for next-generation treasury and liquidity management, in collaboration with Ant International. This launch underscores how established financial institutions can utilise blockchain technology to offer advanced, 24/7 banking services.
. “This partnership aims to equip new market participants with the knowledge to navigate the evolving landscape of digital assets,” he said. Jonas Thürig Jonas Thürig, Head of APAC at Tenity, expressed enthusiasm for fostering the growth of blockchain innovators.
Blockchain technology, initially synonymous with cryptocurrencies like Bitcoin , has evolved beyond its origins. This article delves into the diverse ways blockchain is reshaping fintech, focusing on smart contracts, cross-border transactions, and enhancing transparency and security.
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
Bridging the Gap: A Collaborative Approach to Blockchain & Crypto Partnerships with Shayaan Khanna at Mastercard As recently as 2022, it seemed as though blockchain and cryptocurrency companies were about to reshape large swathes of the global financial sector right away.
“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 $10 million consists of $3 million in pre-seed funds co-led by Tether and Polymorphic Capital with participation from Faculty Group, Octerra Capital, and Trive Digital. Photo by Magda Ehlers The post MANSA Raises $10 Million for Blockchain-Based Payments appeared first on Finovate.
The round also saw participation from angel investors and partners of DST Global and Goodwater Capital. They will differ fundamentally from the current generation of neobanks, which are limited in countries due to licensing, and struggle in integrating blockchain; their core systems and capabilities are just too different.”
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.
Ant International will be able to use the digital form factor to achieve instant, multi-currency treasury and liquidity management on DBS’ permissioned blockchain for their entities across multiple markets. DBS’ permissioned blockchain is Ethereum virtual machine (EVM)-compatible and is integrated with its core payments engine.
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.
Boerse Stuttgart Group is the only exchange operator in Europe to have successfully applied for the second wave of the European Central Bank's (ECB) EU-wide tests, in which the settlement of blockchain-based financial transactions against central bank money is being explored.
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.
Treasuries and operates across multiple blockchains. The companys USDM stablecoin is fully backed by U.S. Through this acquisition, Anchorage Digital plans to integrate Mountain Protocols team, technology, and licensing framework to enhance its support for institutional use cases in the stablecoin space.
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.
The report, based on a survey of over 50 financial institutions across Asia, reveals that the digital assets space is poised for significant growth as institutional investors seek to diversify their portfolios and capitalise on the benefits of blockchain technology. Institutional investors focus on digital assets.
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 participants also examined the role of collaboration in overcoming shared challenges, all while adapting to changing consumer expectations. Participants Emerging trends in merchant payments: The next 12 months The roundtable began with an exploration of emerging payment trends set to shape the industry.
Raheel Ahmed, group CEO of RAKBANK Raheel Ahmed , group CEO of RAKBANK commented: “The participation of RAKBANK in the mBridge platform and the execution of our first-ever central bank digital currency international payment highlight RAKBANK’s cutting-edge digital capabilities.
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.
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.
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.
This session drew participants from diverse industries, including retail, travel, telecommunications and hospitality, each grappling with unique yet interconnected fraud challenges. The topic concluded with participants agreeing that fraud is no longer limited to traditional theft or hacking. This is a loophole that needs to be closed.
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