Sygnum, a global digital asset banking group, just announced the launch of Sygnum Connect, a groundbreaking 24/7 multi-asset instant settlement network. This innovative platform is designed to streamline fiat, digital assets, and stablecoin transactions for institutional investors, liquidity providers, stablecoin issuers, brokers, and selected exchanges. Revolutionizing Settlement in the Digital Asset Ecosystem Sygnum Connect addresses […]
Reported by Ledger Insights. Singapore-based Partior has successfully completed a proof of concept (PoC) for foreign exchange (FX) payment versus payment (PvP) settlement using its blockchain network. The PoC involved key participants, including co-founders JP Morgan and DBS Bank, along with Mizuho, Japan’s third-largest bank. Partior already offers a production solution for instant 24/7 cross-border […]
Paxos has received full approval from the Monetary Authority of Singapore (MAS) for its entity, Paxos Digital Singapore Pte. Ltd., to offer digital payment token services as a Major Payments Institution. This approval allows Paxos to issue stablecoins under MAS’ upcoming stablecoin framework. With this approval, Singapore joins the United States and United Arab Emirates […]
