Sygnum, a global digital asset banking group, announced it has completed its Strategic Growth Round, raising $58 million. This funding gives the company a post-money valuation exceeding $1 billion. The round was led by Fulgur Ventures, a venture capital firm specializing in Bitcoin technologies, alongside other strategic and financial investors. Supporting Growth and Expansion The […]
The Monetary Authority of Singapore (MAS) today announced plans to advance tokenisation in financial services. These include: forming commercial networks to deepen liquidity of tokenised assets; developing an ecosystem of market infrastructures; fostering industry frameworks for tokenised asset implementation; and enabling access to common settlement facility for tokenised assets. Deepening liquidity of tokenised assets through formation of commercial networks […]
Launched as part of the Monetary Authority of Singapore’s (MAS) Project Guardian, new pilot demonstrates how financial institutions can leverage existing Swift infrastructure to facilitate off-chain cash settlements for tokenized funds. Swift, UBS Asset Management, and Chainlink have completed a pilot for settling tokenized fund subscriptions and redemptions using the Swift network. This initiative would enable digital asset […]
