DBS Bank floats digital yuan offering for corporate clients in China
DBS Bank backs the mass adoption of China's CBDC, laying plans to launch a new offering that would allow mainland customers to receive payments in digital yuan.
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Singapore central bank issues Project Guardian report following experimentation with 3 use cases
The Monetary Authority of Singapore, along with notable financial firms and the BIS, conclude their exploration of blockchain interoperability in three use cases: OTC forex transactions, trade finance, and OTC-structured notes.
Singapore launches first industry pilot for digital assets and decentralized finance
Dubbed Project Guardian, MAS is hoping to leverage DeFi to improve the securities sector as it increasingly leans towards distributed ledger technology (DLT).
Singapore collaborates with finance industry to explore digital currency use cases
The project will develop and pilot use cases focused on four main areas: open, interoperable networks, trust anchors, asset tokenization, and institutional-grade DeFi protocols.
DBS Bank approved to offer digital currency services in Singapore
When the license is officially approved, DBSV said its clients would be able to access digital payment token services directly through its exchange platform, DBS Digital Exchange (DDex).