Singapore

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DBS Expands Blockchain Capabilities by Tokenizing Structured Notes on Ethereum for Wider Investor Access

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DBS Bank has announced the expansion of its blockchain capabilities by tokenizing structured notes on the Ethereum public blockchain, making them accessible to eligible investors through three digital investment platforms. This marks DBS’s first token distribution, featuring crypto-linked structured notes that allow non-DBS clients to access this asset class via the bank’s digital asset ecosystem. … Read more

Ripple Unveils New Accelerator to Boost XRP Ledger Innovation in DeFi and AI

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Ripple’s XRPL Accelerator is unleashing a powerful new wave of tokenization and enterprise blockchain innovation, driving real-world adoption and massive growth across the XRP Ledger ecosystem. Ripple’s New XRPL Accelerator Set to Reshape DeFi and AI Infrastructure Fast Ripple announced on July 3 a strategic collaboration with global fintech incubator Tenity “to launch a new … Read more

Davis Commodities Bets on Bitcoin in $30 Million Digital Assets Strategy

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Davis Commodities is pivoting into digital finance with a $30 million initiative, blending bitcoin reserves and real-world asset tokenization to modernize the global agricultural trading industry. Agricultural Giant Davis Commodities Unveils Digital Finance Push With $30 Million Bitcoin and Tokenization Strategy Davis Commodities Limited (Nasdaq: DTCK), a Singapore-based leader in agricultural commodities trading, has announced … Read more

Singapore Clarifies Crypto Licensing Rules With Offshore-Only Activities Under Fire

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Singapore’s looming licensing mandate forces offshore-only crypto providers into urgent compliance mode, threatening to cut off unregulated access to tokenized finance and digital asset markets. June 30 Sparks Compliance Race for Offshore-Only Crypto Providers in Singapore The Monetary Authority of Singapore (MAS) issued clarifications on June 6 regarding the scope and application of its regulatory … Read more

Singapore Finalizes Crypto Rules—Firms Serving Overseas Must Comply by June

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Singapore is mandating crypto service providers operating locally but serving overseas customers to get licensed or exit by June, with no grace period or phased rollout. Singapore Gives Crypto Firms Until June 2025 to Comply, Without Grace Period or Tiered Rollout The Monetary Authority of Singapore (MAS) finalized its position on May 30 regarding the … Read more

Partnership Signed to Enhance Blockchain-Powered Trade Between Malaysia and Singapore

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MYEG, a Malaysian e-government and digital services provider, has signed a Memorandum of Understanding (MoU) with Sgtradex, Singapore’s national digital infrastructure for trade data exchange, to facilitate seamless blockchain-powered trade between Malaysia and Singapore. The agreement, signed at the ASEAN-GCC-China CEO Roundtable, aims to enhance digital connectivity in the ASEAN region by enabling interoperable, cross-border … Read more

Singapore Crypto Awareness Hits High Despite Ownership Dip

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Cryptocurrency ownership in Singapore has decreased, with nearly half of crypto users selling their holdings, as reported by the Independent Reserve Cryptocurrency Index. The percentage of residents owning crypto fell from 40% in 2024 to 29% in 2025, primarily due to profit-taking and portfolio rebalancing. Bitcoin, Ethereum Most Preferred Cryptocurrency ownership in Singapore has trended … Read more

Sonic Labs Wins Court Order to Liquidate Multichain Foundation

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Sonic Labs CEO Michael Kong announced that the Singapore High Court has approved the liquidation of Multichain Foundation, appointing KPMG’s Singapore branch as liquidators. Multichain’s Refusal to Cooperate Forced Sonic Labs’ Hand Sonic Labs CEO Michael Kong said the Singapore High Court has approved his firm’s application to liquidate Multichain Foundation. Kong revealed that the … Read more