Singapore-based blockchain developer dltledgers, which combines blockchain with trade finance, claims to have seen over $1bn in deals over its platform in the past 18 months. The big recent customer is Agrocrop, which is now bringing 4,500 Australian food producers onto the platform, and has already processed 50 orders that amounted to some $100m, while at the sometime seeing its own costs reduced by 15-20%.
The Monetary Authority of Singapore (MAS) has shut down a security token offering (STO) for a “regulatory breach.” MAS said the issuer in question failed to comply with advertising restrictions. Specifically, the STOs legal advisors […]
An automated Delivery versus Payment (DvP) platform has been jointly developed by the Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX). Its purpose is to allow the settlement of tokenized securities across various […]
A coin project called Singapore Dollar Rate (SGDR) has launched in Singapore. Created by the team behind blockchain startup Rate, SGDR is said to be the first Singapore dollar-backed stablecoin, “guaranteeing users full redeemability for […]