Singaporean blockchain platform DigiFT has announced that it will tokenize a $6.30 billion private credit fund owned by Invesco. The fund has posted an annualized net return of 4.5% since its inception in 2006 and invests primarily in corporate priority secured loans. According to a statement released by DigiFT on February 19, institutional investors can purchase tokenized shares of the fund using US dollars or stablecoins (USDC and USDT). DigiFT CEO Henry Zhang said the move is the latest examp...
Singaporean blockchain platform DigitFT will offer a tokenized version of the $6.30 billion Invesco private credit fund. Institutional investors can buy tokenized stakes in the underlying assets of the Invesco fund using US dollars or stablecoins USDC and USDT, DigitFT said in a statement on Wednesday. DigitFT CEO Henry Zhang said the Invesco fund, which invests in the company's senior secured loans, has produced an annualized net return of 4.5% since its inception in 2006. H...
Wintermute Asia, a Singaporean derivatives trading entity owned by cryptocurrency market maker Wintermute, has launched Contracts for Difference (CFDs) linked to the GMCI US Select Index, which tracks the performance of top cryptocurrency projects with legal entities in the US based on supply in circulation, enabling traders to quickly adapt to changing market narratives, particularly about the potential for building strategic digital asset reserves. Payments-focused cryptocurrencies XRP, Solana...
Singapore-based digital asset exchange Crypto.com has launched institutional-grade trading services under its new US-based platform Crypto.com Exchange. According to the announcement, Crypto.com Exchange offers users more than 300 cryptocurrencies and 480 trading pairs to complement its existing retail Crypto.com app for US customers. The Block's data dashboard shows that Crypto.com is the second-largest digital asset exchange after Binance in terms of monthly spot trading volume. As of press ti...
According to The block, the Singapore-based digital asset exchange Crypto.com has received approval in principle for a Crypto Asset Market (MiCA) license. While the exchange does not appear to be fully licensed yet, obtaining final approval will allow Crypto.com to offer services within the European Union once the MiCA rules come into effect in late December 2024. First adopted in April 2023, the MiCA establishes a regulatory framework for digital assets in the European Union, allowing companies...
Switzerland and Singapore-based crypto bank Sygnum raised $58 million at a valuation of $1 billion. The new capital will be used to expand its product portfolio with a focus on Bitcoin technology, expand its institutional infrastructure, strengthen its compliance team and explore strategic acquisition opportunities. Proceeds will also help Sygnum's European Union expansion plans and build a regulated business in Hong Kong.
On January 12, according to @alexzuo4 feedback, Polymarket has been defined as a gambling website in Singapore and blocked. Users will be prompted when they log in to Polymarket's official website in Singapore "This website is an illegal gambling website hosted by an unlicensed gambling service provider, and users may be fined up to $10,000 or imprisoned up to 6 months."
Play2Earn gaming platform Nakamoto Games announced that it has received a $10 million investment from Singapore and New Zealand venture capital firm Make It. The funds will be unlocked in 24 months from January 2026, with a 12-month lock-up period. The funds will be used to maintain a team size of more than 100 people, expand smart contract development and AAA game design, increase liquidity, acquire Web2 game studios and convert them into Web3 studios, increase marketing efforts and drive user ...
Singapore's second-largest bank, OCBC, has launched a blockchain-based customized corporate bond tokenization scheme designed to help corporate clients diversify their financial assets. The scheme allows corporate clients to invest in bonds as low as S $1,000, with customizable bond maturities and interest rates based on demand, and the tokens refer to existing investment-grade bonds.
The main contract for iron ore futures in Singapore fell nearly 3% to $98.2 a tonne.
According to the Union Times, the Monetary Authority of Singapore issued a total of 13 Major Payment Institution Licenses in 2024. Those who have obtained the license of the main payment institution of the Monetary Authority include cryptocurrency exchange OKX, South Korea's largest cryptocurrency exchange Upbit, cryptocurrency bank Anchorage, digital currency wallet and trading service platform BitGo, cryptocurrency market maker GSR, etc.
According to Bloomberg, Singapore issued 13 cryptocurrency licenses to a range of cryptocurrency players in 2024, including OKX and Upbit, as well as Anchorage, BitGo, and GSR. This number is twice the number of licenses granted last year, compared to the similar approval system in Hong Kong. The analysis pointed out that both Xinggang and Xinggang are competing to attract virtual asset companies to their markets through dedicated systems, tokenization projects, and regulatory sandboxes, but pro...
QCP Capital, a Singapore-based crypto investor, said spot prices remained sideways after a market wash last week. Nearly $20 billion of bitcoin and ethereum options expire this Friday, accounting for nearly half of Deribit's total holdings. Option expiration could trigger a quarter-end volatility sell-off, especially if spot prices are sideways and sellers continue to roll short positions. If BTC breaks through $100,000, volatility may remain stable, otherwise counterfeit products may usher in a...
Nasdaq-listed Canaan Technology announced that its Singapore subsidiary, Canaan Creative Global Pte. Ltd., has signed a mining machine purchase agreement with AGM Group Holdings Inc. to initially provide 2,000 bitcoin mining machines, in addition to providing users with the option to purchase approximately 30,000 additional BTC mining machines.