The National Bank of Cambodia (NBC) has signed a memorandum of understanding (MoU) with Alipay to provide users of its digital currency, bakong, with access to the Alipay merchant network. This partnership will enable cross-border transactions using QR codes on Alipay+. The bakong service, operated by the NBC on a blockchain, allows users to have […]
Osaka Digital Exchange (ODX) is set to launch its Proprietary Trading System (PTS) for security tokens by December 25. This move comes after receiving approval from Japan’s Financial Service Agency (FSA) for its securities token proprietary trading system. ODX aims to bring more liquidity and funding opportunities to securities token operations in the region. ODX […]
Mastercard has announced a new partnership with AI firm Feedzai to enhance its ability to detect and prevent fraud in cryptocurrency exchanges. The integration will involve Feedzai’s software being integrated with Mastercard’s CipherTrace Armada platform, which allows banks to monitor transactions from thousands of crypto exchanges for fraudulent activities. Feedzai’s AI-powered software can quickly identify […]
The Monetary Authority of Singapore (MAS) has unveiled its digital money strategy, focusing on wholesale central bank digital currency (CBDC), tokenized bank liabilities, and regulated stablecoins. This comprehensive vision positions Singapore as a frontrunner in the digital finance landscape. MAS aims to facilitate interbank settlement through the development of a wholesale CBDC, with local banks […]
As industry and finance continue to converge, the construction of treasury systems is becoming increasingly important for companies. This transition from cash management to synergistic growth requires a more centralized and secure approach to fund management. One strategic starting point for building treasury systems is leveraging supply chain finance. By deepening the integration of business […]
Mastercard, a leading payments company, believes that customers are too comfortable with traditional forms of money to readily adopt Central Bank Digital Currencies (CBDCs). According to Ashok Venkateshwaran, a representative from Mastercard, the challenge lies in getting people to adopt CBDCs and use them as easily as they use cash today. To address this, Mastercard […]
Singapore’s Monetary Authority (MAS) has launched a pilot program for the live issuance of a central bank digital currency (CBDC) based on the Singapore dollar. This move represents a significant departure from previous simulations, as MAS collaborates with local banks to practically test the use of CBDCs in real-world domestic payment scenarios. The pilot program […]
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has announced a pilot program for a live Singapore dollar-based central bank digital currency (CBDC). This wholesale CBDC will be used by local banks for settlements. MAS Managing Director Ravi Menon revealed the plan during the Singapore Fintech Festival. Previously, the MAS had only simulated the […]
The Philippines is making a significant move towards a digital era in finance by introducing tokenized treasury bonds. The Bureau of the Treasury plans to offer 10 billion pesos (approximately $179 million) in one-year tokenized bonds to institutional buyers. These bonds, issued by state-owned institutions, will have a minimum denomination of 10 million pesos and […]
Paxos, a blockchain platform, has received in-principle approval from the Monetary Authority of Singapore (MAS) to launch a US dollar stablecoin in Singapore. This move marks the expansion of Paxos Digital Singapore into the Asian market and aligns with MAS’ forthcoming stablecoin framework. The approval comes after the release of several tokenization pilots in the […]
