Singapore Archives - Page 2 of 2

Despite 94% Crypto Awareness, Only 29% of Singaporeans Hold Any: Survey

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Nearly every Singaporean has heard of cryptocurrency, but fewer are diving in headfirst, a new survey by MAS-licensed crypto exchange, Independent Reserve, revealed. Crypto awareness among Singaporeans has hit a new high of 94%. However, only 29% currently own or have owned crypto in the past year, down from 40% in 2024. “This decrease in […]

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Sonic Labs Wins Court Order to Liquidate Multichain Foundation

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Sonic Labs CEO Michael Kong announced that the Singapore High Court has approved the liquidation of Multichain Foundation, appointing KPMG’s Singapore branch as liquidators. Multichain’s Refusal to Cooperate Forced Sonic Labs’ Hand Sonic Labs CEO Michael Kong said the Singapore High Court has approved his firm’s application to liquidate Multichain Foundation. Kong revealed that the

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Franklin Templeton Launches Singapore’s First Tokenized Fund for Retail Investors

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Franklin Templeton has received approval from Singapore’s central bank to launch a tokenized money market fund, the first of its kind for retail investors in the country. The move marks a significant step in integrating blockchain with traditional finance. Regulatory Greenlight for Blockchain-Based Money Market Fund by Franklin Templeton Franklin Templeton has secured regulatory approval

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Singapore Gulf Bank tackles global finance hurdles with crypto-focused SGB Net launch

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Singapore Gulf Bank (SGB) has launched SGB Net, a real-time clearing network designed to power digital asset transactions for businesses across the Middle East and North Africa (MENA). According to a May 1 statement, this move marks a significant step toward addressing long-standing issues in cross-border finance, including settlement delays and high transaction fees. Notably,

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