Blockchain/Bitcoin

Digital Asset Custodian Hex Trust Raises Undisclosed Sum From Cyberport

Hong Kong-based digital asset custody service provider Hex Trust announced it has successfully secured investment from Cyberport, a local fintech hub and digital community. The sum was not disclosed. The investment enables Hex Trust to scale operations, hire key talents

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Singapore’s GIC Invests US$ 70 Million in Digital Asset Firm BC Group

BC Technology Group, a digital asset and fintech company as well as the parent company of OSL, secured an investment of US$ 70 million (HKD 543.19 million) from GIC, a Singaporean sovereign wealth fund. The company intends to develop and enhance

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WeBank Ties up With Singaporean University to Nurture Blockchain Innovation

WeBank, a digital-only bank in China, announced its summer enrichment programme on FISCO BCOS Blockchain Experience at the Singapore Management University (SMU). FISCO BCOS is a secure, reliable, easy-to-use, and high-performance financial-grade blockchain platform, which was launched by FISCO open-source

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HK’s BC Group Partners StanChart to Launch Crypto Platform for Institutional Clients

SC Ventures, the innovation and ventures unit of Standard Chartered, announced a partnership with BC Technology Group, the parent company of Hong Kong’s licensed digital asset platform OSL. The joint venture (JV) was formed to establish a digital asset brokerage and

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Hong Kong Releases Consultation Conclusions for Virtual Asset Exchange Licensing Regime

Hong Kong’s Financial Services and the Treasury Bureau (FSTB) has released a paper outlining the conclusions to its consultation on a proposed licensing regime for virtual asset exchanges. The Hong Kong government is proposing legislative changes to enhance anti-money laundering

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Robo Advisor AQUMON Unveils Bitcoin Investment Solution

Robo-advisor AQUMON has introduced SmartGlobalX, a smart bitcoin ETF investment portfolio that integrating its flagship SmartGlobal algorithms with a Bitcoin Exchange Traded Fund (ETF), to allow clients to invest in securitised cryptocurrency assets from US$ 1,000 onwards. AQUMON said that

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Asia Leads the Way with Central Bank Backed Digital Currencies (CBDCs)

Central banks in Asian countries including Cambodia, Thailand, Mainland China, Hong Kong and Singapore, have more advanced central bank digital currency (CBDC) projects than their global counterparts, outperforming those of Canada, the UK and Sweden, a new analysis by PwC

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YAS Launches Microinsurance for NFTs

Hong Kong-based insurtech YAS announced the launch of of a NFT (Non-Fungible Token) microinsurance called NFTY, joining hands with Generali‘s Hong Kong Branch to co-develop it. YAS claims that NFTY will become the world’s first microinsurance product to cover NFTs.

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ConsenSys Raises US$ 65 Million from JP Morgan, Mastercard, and UBS

Global blockchain software company ConsenSys announced the final close of its US$65 million funding round from the likes of J.P. Morgan, Mastercard, and UBS. Other investors include Protocol Labs, the Maker Foundation, Fenbushi, The LAO, Alameda Research, CMT Digital, Greater

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Hong Kong’s OSL Facilitated Meitu’s US$ 10 M Bitcoin Transaction

OSL announced that its SFC-licensed digital asset brokerage OSL Digital Securities acted as the trade execution and custody partner for Hong Kong-listed Meitu, and facilitated its latest digital asset treasury transaction, a purchase of approximately 175 units of Bitcoin with

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