Akshay Naheta, a former MIT alumnus and SoftBank executive, has launched a Dirham-backed stablecoin called DRAM. The Abu Dhabi-based company has been developing the technology since October 2022 and the Ethereum ERC-20 token is issued by DRAM Trust, a Hong Kong law governed trust. The independent trustee responsible for approving token mints and burns is […]
GMX, a decentralized perpetual futures trading protocol, has collaborated with Bitget Wallet to integrate it as a recommended wallet for accessing the GMX platform. This collaboration marks the beginning of discussions between both parties about future community collaborations that add value for users. Bitget Wallet had already extended a range of wallet support services to […]
Composable is presenting at Cosmoverse’23 as a Keynote Speaker and Diamond Sponsor, in collaboration with Polkadot and the Web3 Foundation. The Composable team is building the infrastructure and necessary primitives to abstract away the cross-ecosystem user and developer experience. Their efforts align with their ethos of eliminating blockchain borders and siloes, as they are strong […]
Binance, the world’s leading blockchain ecosystem and digital asset infrastructure provider, recently assisted the Royal Thai Police in two major operations to dismantle criminal networks engaged in crypto scams. In the first operation, codenamed ‘Trust No One’, Binance’s Investigations team worked closely with the U.S. Homeland Security Investigation (HSI) and the Cyber Crime Investigation Bureau […]
Sygnum Singapore, a subsidiary of Switzerland-based cryptocurrency bank Sygnum, has been granted a license to offer crypto brokerage services to accredited investors and institutions in Singapore. The Major Payment Institution Licence (MPIL) was granted by the Monetary Authority of Singapore (MAS). Sygnum Singapore also plans to expand its regulated offering to the Asia–Pacific (APAC) markets, […]
Recent advancements in Hong Kong’s crypto space could provide a potential boost to the East Asian region, which has been largely affected by a China-wide ban on crypto trading activities since 2019. According to a report from Chainalysis, East Asia’s share of crypto transaction value dropped from around 30% in 2019 to less than 10% […]
UBS Asset Management, a major global fund management company, has launched its first “live pilot” of a tokenized money market fund on the Ethereum blockchain. The company is using its proprietary service, UBS Tokenize, to explore on-chain processes such as subscriptions and redemptions. This pilot program is part of the broader Project Guardian, an initiative […]
Coinbase, a US-based cryptocurrency exchange, has been granted a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS). This license allows Coinbase to provide regulated digital payment token (DPT) products and services to both individuals and institutions in Singapore. Coinbase has expressed its gratitude to the MAS for its instrumental role in […]
UBS Asset Management has achieved a major milestone in the tokenization of real-world assets with the launch of its first live pilot of a tokenized Variable Capital Company (VCC) fund in Singapore. The fund is part of Project Guardian, an industry initiative led by the Monetary Authority of Singapore (MAS) to explore tokenizing various real-world […]
UBS Asset Management has announced the launch of a “tokenized money market fund” pilot program on Ethereum (ETH). The pilot program, led by the Monetary Authority of Singapore (MAS), uses UBS Tokenize, the company’s in-house tokenization service, to manage fund subscriptions and redemptions through a smart contract. This initiative is part of UBS’s global strategy […]
