Archive
Hong Kong’s HashKey Group Secures US$360 Million for Blockchain Fund
HashKey Group, a Hong Kong-based digital asset financial services group, announced that its asset management subsidiary has completed an initial closing of its new fund in December 2021 with commitments of US$360 million. The fund seeks to invest in companies
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Rapyd Finalises Acquisition of Hong Kong’s Neat
Global Fintech-as-a-Service platform Rapyd announced that it has completed the acquisition of Neat, a Hong Kong-based cross-border trade enabling platform for small and medium-sized businesses (SMBs) and startups. Neat’s services, capabilities, and licenses will be integrated into Rapyd’s platform providing
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Babel Finance Raises US$40 Million From Tiger Global Management, Sequoia China
Babel Finance, a Hong Kong-based crypto financial-services startup, has raised US$40 million from a slew of global investors. The investors include Tiger Global Management, Sequoia Capital China, Sequoia-affiliated Dragonfly Capital, Bertelsmann through its Asia-focused investment arm BAI Capital, and Zoo
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Hong Kong Seeks to Regulate Stablecoins by 2024
Though crypto-assets do not pose a risk to financial stability just yet, they very well might in the near future as this new asset class continues to develop at a rapid pace. The fast-growing cryptocurrency ecosystem, the rising prevalence of
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Animoca Brands’ The Sandbox Invests US$50 Million in Metaverse Accelerator
The Sandbox, a decentralised gaming metaverse and a subsidiary of Animoca Brands, has committed US$50 million to global venture accelerator Brinc for The Sandbox Metaverse Accelerator Programme, which will target 100 startups to enhance the open metaverse. With applications now
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EMQ Expands European Footprint With Addition of SEPA Instant Credit Transfer
Global payments network EMQ has deepened its reach across Europe by adding the SEPA instant credit transfer (SCT Inst) capabilities to its network. This further extends EMQ’s network infrastructure into the high-growth markets in the SEPA (Single Euro Payments Area)
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ZA Bank Gets SFC License to Expand Footprint Into the Investment Business
Hong Kong’s virtual bank ZA Bank has received a license from the Securities and Futures Commission (SFC) for Type 1 regulated activity which allows it to deal with securities. The bank claims to be the first local digital-only bank to
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Animoca Brands Now Valued at US$5 Billion With US$358.8 Million Fundraise
Animoca Brands, the company driving digital property rights via NFTs and gaming to build the open metaverse, announced that it has raised about US$358.8 million at a pre-money valuation of US$5 billion. The round was led by Liberty City Ventures,
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The 15th Asian Financial Forum Kicked off to Explore a More Sustainable Future
The 15th Asian Financial Forum (AFF) organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC) opened to explore a sustainable future for the world’s economy. AFF 2022 was a
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How Refinitiv is Empowering Developers in the Sustainable Finance Revolution
Refinitiv has created a global community for developers in the financial industry. In continuing its longstanding history as a leader of innovation and open tech, the Refinitiv Developer Community offers practical support for today’s business challenges. This community offers enterprise developers access
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