SINGAPORE

Crypto / Digital Assets

FCA, MAS to Explore Regulatory Considerations for Tokenisation

By Manesh Samtani | 07/11/2024

The FCA and ICMA welcomed reports released by MAS this week offering tokenisation frameworks for funds and fixed income securities.

ESG / Sustainability

Singapore: Gprnt Launches New Sustainability Reporting Tools

By Nithya Subramanian | 06/11/2024

A new Disclosure tool will simplify sustainability reporting for businesses while a new Marketplace will enable them to connect to an ecosystem of sustainability solutions.

Fintech / Regtech

MAS, BdF Complete Joint Experiment on Post Quantum Cryptography

By Editors | 06/11/2024

The experiment tested the use of quantum-resistant cryptographic algorithms for email communications. The next phase will focus on payments.

Crypto / Digital Assets

Paxos Launches New US Dollar Stablecoin via Singapore Unit

By Nithya Subramanian | 05/11/2024

Paxos said the stablecoin, known as USDG, is designed to comply with Singapore’s upcoming stablecoin framework.

Crypto / Digital Assets

SBI Digital Markets to Push Adoption of Tokenised Securities

By Nithya Subramanian | 05/11/2024

SBI Digital Markets will focus its efforts on building regulated frameworks to facilitate the end-to-end flow of tokenised securities.

Crypto / Digital Assets

UBS Launches First Tokenised Money Market Fund

By Nithya Subramanian | 05/11/2024

The so-called uMINT fund UBS Asset Management’s first ever money market investment fund built on Ethereum distributed ledger technology.

Crypto / Digital Assets

Citi and Fidelity International Announce PoC of On-chain MMF

By Editors | 04/11/2024

The solution, a tokenised MMF with an embedded digital FX swap, can “enable faster, seamless management of treasury positions, eliminate delays and improve efficiency”.

Crypto / Digital Assets

MAS Unveils New Initiatives to Promote Tokenisation in Financial Services

By Nithya Subramanian | 04/11/2024

The initiatives include establishing a multi-member network to help FIs commercialise their tokenisation trials and providing access to a SGD wCBDC for market testing purposes.

AML / KYC

MAS Publishes Findings from Recent AML Inspections at FIs

By Manesh Samtani | 03/11/2024

The new information paper addresses customers with multiple nationalities, source of wealth establishment, and post-STR risk mitigation measures, among other areas.