Monetary Authority of Singapore

PingPong at SFF 2023: Keys to successfully navigating the risks in a volatile global market

Retrieved on: 
Saturday, November 18, 2023

SINGAPORE, Nov. 18, 2023 (GLOBE NEWSWIRE) -- PingPong, a global payment platform, announced several significant milestones and achievements in advancing the cross-border payments industry during the Singapore Fintech Festival 2023.

Key Points: 
  • David Messenger, CEO of Global Businesses for PingPong, shared strategies to protect, manage, and grow cross-border enterprises amid uncertainties.
  • PingPong highlighted its capability to partner with enterprises worldwide, seeking world-class global partners in Singapore and Southeast Asia for mutual growth.
  • This allows PingPong to offer a comprehensive range of payment services, facilitating faster global expansion for local businesses.
  • David Messenger, CEO of Global Businesses for PingPong, stated, "These announcements underscore our commitment to empowering businesses globally.

Temenos to Work with MAS to Advance Sustainable Finance

Retrieved on: 
Thursday, November 16, 2023

Gprnt is the culmination of MAS’ Project Greenprint and aims to address the financial sector and real economy’s needs in collecting and accessing trusted climate- and sustainability-related data.

Key Points: 
  • Gprnt is the culmination of MAS’ Project Greenprint and aims to address the financial sector and real economy’s needs in collecting and accessing trusted climate- and sustainability-related data.
  • With the Temenos Carbon Calculator, an industry-first, Temenos’ clients get CO2 emissions insights from their actual use of Temenos Banking Cloud.
  • Temenos tops global indices and ratings including a Triple A MSCI ESG rating and a top ranking in Dow Jones Sustainability Indices.
  • Temenos is the only banking technology company to have ambitious carbon emissions reductions validated by the Science-Based Targets Initiative (SBTi).

DigiFT Obtains Recognition as Recognised Market Operator and Capital Markets Services Licence From the Monetary Authority of Singapore

Retrieved on: 
Tuesday, December 5, 2023

DigiFT, a digital assets exchange , is pleased to announce today that it has obtained a Capital Markets Services (CMS) licence and has been recognised as a Recognised Market Operator (RMO) by the Monetary Authority of Singapore (MAS).

Key Points: 
  • DigiFT, a digital assets exchange , is pleased to announce today that it has obtained a Capital Markets Services (CMS) licence and has been recognised as a Recognised Market Operator (RMO) by the Monetary Authority of Singapore (MAS).
  • As a RMO, it will also be able to operate an organised market for secondary trading of security tokens on the public blockchain.
  • Established in 2021, DigiFT is the first exchange with an Automatic Market Making (AMM) mechanism to have been admitted into the MAS FinTech Regulatory Sandbox.
  • "Singapore, a leading hub for financial services and technological innovation, has proven to be a conducive launchpad for fostering fintech breakthroughs.

Pantheon raises $3.25bn for its largest-ever private equity secondaries program, exceeding target

Retrieved on: 
Tuesday, November 28, 2023

Pantheon, a leading global private markets investor, is pleased to announce the successful closing of Pantheon Global Secondaries Fund VII and associated vehicles (PGSF VII), its latest flagship global private equity secondaries offering, with commitments totalling $3.25bn1.

Key Points: 
  • Pantheon, a leading global private markets investor, is pleased to announce the successful closing of Pantheon Global Secondaries Fund VII and associated vehicles (PGSF VII), its latest flagship global private equity secondaries offering, with commitments totalling $3.25bn1.
  • Pantheon’s deep expertise in private equity secondaries attracted investments from a wide range of new and existing clients.
  • Amyn Hassanally, Partner and Global Head of Private Equity Secondaries at Pantheon, commented: “We are grateful for the strong support of our investors across the world who have entrusted us with their capital.
  • Like its predecessor vehicles, the program invests in a blend of both traditional LP stake secondaries and the growing range of GP-led secondaries opportunities.

Ant International Unveils Web3 Technology-Powered Next-Generation Treasury Solutions

Retrieved on: 
Wednesday, November 15, 2023

Ant International today unveiled its next-generation treasury management solutions powered by Web3 technologies during Singapore Fintech Festival.

Key Points: 
  • Ant International today unveiled its next-generation treasury management solutions powered by Web3 technologies during Singapore Fintech Festival.
  • At the Tech Stage of Singapore Fintech Festival, Kelvin Li, Head of Global Fund Platform at Ant International, presented the solutions and their use cases.
  • According to Li, the solutions so far have been deployed in multiple business scenarios of Ant International, including cross-border acquiring and instant tax refund services.
  • On November 1, HSBC announced that it had built tokenized deposit-based treasury management capabilities based on the solutions.

Citi Develops Blockchain FX Solution under the Monetary Authority of Singapore’s Project Guardian

Retrieved on: 
Wednesday, November 15, 2023

Citi has developed an innovative application that uses blockchain infrastructure to price and execute bilateral spot foreign-exchange (FX) trades.

Key Points: 
  • Citi has developed an innovative application that uses blockchain infrastructure to price and execute bilateral spot foreign-exchange (FX) trades.
  • The application is a part of Project Guardian(i), a collaborative initiative by the Monetary Authority of Singapore (MAS) and the financial industry.
  • While the current phase of the application tested spot FX for USD/SGD, the underlying solution could be used for any fiat currency pair.
  • (i) The Monetary Authority of Singapore’s Project Guardian is a collaborative initiative with the financial industry that seeks to test the feasibility of applications in asset tokenization and DeFi, while managing risks to financial stability and integrity.

Onyx by J.P. Morgan and Apollo Explore Tokenization in Investment Portfolios Across Blockchains as Part of Project Guardian

Retrieved on: 
Wednesday, November 15, 2023

Within the POC, Onyx Digital Assets leveraged the Axelar network to enable interoperability with a private and permissioned Provenance Blockchain Zone.

Key Points: 
  • Within the POC, Onyx Digital Assets leveraged the Axelar network to enable interoperability with a private and permissioned Provenance Blockchain Zone.
  • Oasis Pro enabled the tokenization of assets, such as Apollo funds, on the Provenance Blockchain Zone.
  • “With the support of Axelar and Oasis Pro, J.P. Morgan and Apollo demonstrated how portfolios could be rebalanced and trades executed between Onyx Digital Assets and Provenance Blockchain.
  • Axelar network connects all with robust security and programmability that automates away developer overhead and delivers world-class user experience.”

Ant International Unveils Strategy to Drive Inclusive Global Commerce with Payment and Digitalization Technologies

Retrieved on: 
Tuesday, November 14, 2023

Ant International, a digital payment and financial services leader dedicated to building an inclusive and sustainable global commerce ecosystem, today unveils its strategy in digital payment and digital commerce for global merchants at its flagship Voyage Conference, from its headquarters in Singapore.

Key Points: 
  • Ant International, a digital payment and financial services leader dedicated to building an inclusive and sustainable global commerce ecosystem, today unveils its strategy in digital payment and digital commerce for global merchants at its flagship Voyage Conference, from its headquarters in Singapore.
  • View the full release here: https://www.businesswire.com/news/home/20231113963839/en/
    Ant International began its journey by supporting the rapid rise of e-commerce and cross-border tourism in China.
  • Over the years, Ant International has built up a repertoire of foundational technology capabilities to support long-term growth in Asia and beyond.
  • Additionally, it boasts an extensive coverage worldwide, especially in Asia, deep expertise in digitalization, and a continuously expanding repertoire of cutting-edge technologies.

Chinese Firms Show Resilient Interest in U.S. IPOs Despite Regulatory Hurdles

Retrieved on: 
Monday, December 4, 2023

NEW YORK, Dec. 4, 2023 /PRNewswire/ -- Despite regulatory challenges and geopolitical tensions, there is a sustained interest among Chinese companies in listing on U.S. stock exchanges. This trend is indicative of the global financial clout and reputation of U.S. capital markets, which offer Chinese firms access to a wider investor base and potentially higher valuations than domestic or other international exchanges. The U.S. stock market, being one of the largest and most liquid in the world, provides significant advantages for Chinese companies seeking to expand their international presence and secure capital for growth and innovation. As of October, seventeen Chinese companies raising a total of $405 million started trading on U.S. exchanges this year, according to data from IPO research firm Renaissance Capital. Last year's 14 IPOs raised a total of $468 million. VCI Global Limited (NASDAQ: VCIG), Tencent Holding Ltd. (OTC: TCEHY), Lufax Holding Ltd (NYSE: LU), Qifu Technology, Inc. (NASDAQ: QFIN)

Key Points: 
  • NEW YORK, Dec. 4, 2023 /PRNewswire/ -- Despite regulatory challenges and geopolitical tensions, there is a sustained interest among Chinese companies in listing on U.S. stock exchanges.
  • VCI Global Limited (NASDAQ: VCIG), Tencent Holding Ltd. (OTC: TCEHY), Lufax Holding Ltd (NYSE: LU), Qifu Technology, Inc. (NASDAQ: QFIN)
    This ongoing interest, despite regulatory and geopolitical headwinds, underscores the strategic importance and perceived benefits of U.S. listings for Chinese companies.
  • "During the quarter, despite the macro uncertainty, we continued to improve our operational efficiency and drive for better economic returns.
  • Meanwhile, we are continuing to strengthen our commercialization efficiency by integrating advertising solutions and live broadcasting across our content ecosystem.

Chinese Firms Show Resilient Interest in U.S. IPOs Despite Regulatory Hurdles

Retrieved on: 
Monday, December 4, 2023

NEW YORK, Dec. 4, 2023 /PRNewswire/ -- Despite regulatory challenges and geopolitical tensions, there is a sustained interest among Chinese companies in listing on U.S. stock exchanges. This trend is indicative of the global financial clout and reputation of U.S. capital markets, which offer Chinese firms access to a wider investor base and potentially higher valuations than domestic or other international exchanges. The U.S. stock market, being one of the largest and most liquid in the world, provides significant advantages for Chinese companies seeking to expand their international presence and secure capital for growth and innovation. As of October, seventeen Chinese companies raising a total of $405 million started trading on U.S. exchanges this year, according to data from IPO research firm Renaissance Capital. Last year's 14 IPOs raised a total of $468 million. VCI Global Limited (NASDAQ: VCIG), Tencent Holding Ltd. (OTC: TCEHY), Lufax Holding Ltd (NYSE: LU), Qifu Technology, Inc. (NASDAQ: QFIN)

Key Points: 
  • NEW YORK, Dec. 4, 2023 /PRNewswire/ -- Despite regulatory challenges and geopolitical tensions, there is a sustained interest among Chinese companies in listing on U.S. stock exchanges.
  • VCI Global Limited (NASDAQ: VCIG), Tencent Holding Ltd. (OTC: TCEHY), Lufax Holding Ltd (NYSE: LU), Qifu Technology, Inc. (NASDAQ: QFIN)
    This ongoing interest, despite regulatory and geopolitical headwinds, underscores the strategic importance and perceived benefits of U.S. listings for Chinese companies.
  • "During the quarter, despite the macro uncertainty, we continued to improve our operational efficiency and drive for better economic returns.
  • Meanwhile, we are continuing to strengthen our commercialization efficiency by integrating advertising solutions and live broadcasting across our content ecosystem.