Singapore News

Australian crypto hedge fund manager JellyC has merged with Singaporean Trovio Asset Management in an effort to attract bigger allocations from investors, such as pension fund investment. According to a Bloomberg report on Oct. 23, Australian hedge fund manager JellyC…

Komainu, a crypto custodian provider backed by Nomura Group, completed their first acquisition by buying Singaporean rival custodian Propine Holdings. According to an Oct. 22 Bloomberg report, Japanese Nomura-backed crypto custodian firm Komainu’s Propine purchase is still awaiting approval from…

Singapore-based blockchain infrastructure startup Marketnode has secured funding from European clearinghouse giant Euroclear to expand services in the Asia-Pacific region. Marketnode, a blockchain infrastructure startup based in Singapore, has announced a strategic investment from European clearinghouse Euroclear, aimed at expanding…

Singapore-based crypto financial services platform Matrixport has bought the asset management unit of Crypto Finance AG. On Sept. 30, Matrixport announced in a press release that they have completed an all-cash acquisition of the Switzerland-based Crypto Finance Asset Management, the…

TOKEN2049 has ended in Singapore. Here are three highlights from one of the most anticipated crypto conferences of the year. One of the largest industry conferences, TOKEN2049, was held from Sept. 18 to 19 in Singapore. It brought together leading…

BingX has temporarily suspended withdrawals following a suspected hacker attack on its hot wallet, with blockchain analysts estimating losses exceeding $40 million. Singapore-headquartered crypto exchange BingX has paused withdrawals after detecting a suspected hacker attack on its hot wallet, with…

Singaporean regulators have no plans to allow cryptocurrency use for gambling due to the risks of money laundering. During a Sept. 10 parliamentary address, Ms Sun Xueling, Minister of State for the Ministry of Home Affairs and Ministry of Social…

Crypto exchange OKX has appointed Gracie Lin, a former official at the Monetary Authority of Singapore, as the chief executive of its Singapore branch. The OKX cryptocurrency exchange has onboarded Gracie Lin as the new chief executive of its Singapore…

The number of crypto millionaires nearly doubled in 2024, reaching 172,300 as spot Bitcoin ETFs and other crypto assets surged. The global population of crypto millionaires has surged 95% over the past year, driven by the rise of spot Bitcoin…

Once China’s second-richest man was sentenced to six years in prison in Singapore for orchestrating a fraudulent crypto investment scheme. Tycoon Yang Bin, a Chinese-Dutch national and the second-richest man in China by Forbes for 2001, was sentenced to six…

Singaporean banking giant DBS has introduced a blockchain-powered solution that uses smart contracts to streamline the disbursement of government grants. According to a local media report, DBS completed the pilot in collaboration with Enterprise Singapore and the Singapore Fintech Association.…

Stablecoin infrastructure startup WSPN has secured $30 million in a seed round to boost its stablecoin adoption mission. Worldwide Stablecoin Payment Network — also known as WSPN — has attracted $30 million in seed funding to double down on its…

Singaporean financial giant DBS has launched a treasury token pilot with Ant International to improve cross-border treasury and liquidity management. DBS Group has initiated a blockchain-based pilot in collaboration with Ant International in a bid to streamline cross-border treasury and…

Real-world asset startup Zoth has raised $4 million in a strategic round to launch its Tokenized Liquid Note, featuring assets like U.S. Treasury Bills and corporate bonds. Zoth, a decentralized finance real-world assets startup, has secured a $4 million strategic…

Crypto custodian Hex Trust has been granted in-principle approval from the Monetary Authority of Singapore. According to a release shared with crypto.news, the license will let Hex Trust offer services related to regulated Digital Payment Tokens. This includes over-the-counter trading…

Decentralized crypto aggregator Jupiter has found itself in the middle of controversy after announcing a collaboration with an exposed influencer. Solana decentralized exchange aggregator Jupiter has sparked a furious outrage in the crypto community following its announcement of a collaboration…