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Telkom Indonesia has disclosed the completion of its two-step division of network infrastructure assets into its operational subsidiary, InfraNexia. The entire transaction, amounting to IDR 85.7 trillion (equivalent to USD 4.8 billion), was first proposed in…
Sygnum, a regulated digital asset bank, was conceived with a dual vision between Singapore and Switzerland. Gerald Goh, co-founder and CEO of Sygnum Asia-Pacific, has been a key player in establishing this transcontinental structure since 2017. Even with the…
21Shares, a well-known firm that specializes in exchange-traded products (ETPs) tied to cryptocurrency assets, recently unveiled some major changes in its leadership structure. Having recently been taken over by a U.S. broker, the company currently oversees…
Kegstar New Zealand is seeking approval from the Commerce Commission to acquire assets from the now-liquidated Konvoy New Zealand. The requested assets include kegs, beacons attached to these kegs or stored in inventory, and New Zealand keg records. The…
The Philippine thrift banking sector revealed strong performance indicators as it reported total assets reaching $19.5 billion (PHP1.1 trillion) by the end of 2024, marking a 6% increase from the previous year. The data, released by the Chamber of Thrift…
Bega Cheese, an Australian dairy company, has indicated its intention to file an application with the Australia Competition and Consumer Commission (ACCC) seeking authorisation for its planned acquisition of Fonterra Oceania. Enhancing Outcomes through…
Last year proved to be a remarkable period for Swiss private banks, as they reveled in impressive results bolstered by favorable financial markets and substantial net new money inflows. This surge in assets under management (AuM) occurred amid a backdrop of…
Many central banks have or plan to launch digital central bank money. A PwC study looks at the winners and losers. A study from PwC released Monday analyzing central banks’ level of maturity and development of their digital currencies (CBDCs), shows that…
Russia’s largest bank has been approved by the Bank of Russia to issue digital financial assets on its platform starting a month from now. Sberbank received regulatory approval to start issuing digital financial assets (DFAs), Russia’s largest bank announced…
The Swiss Bitcoin Association recommends the first technical standards for simplified payment verification (SPV) using digital currencies, eliminating the need to download entire the blockchain for transactions. Switzerland’s Bitcoin SV Technical Standards…
Assets under management at HSBC Private Banking climbed higher, driven in part by more than $9 billion of net new inflows in the first half of 2021. Asia assets under management at HSBC Private Banking grew 25 percent to $193 billion in the first half of this…
ZA International has established a partnership with BC Technology Group which operates the city’s only licensed digital asset platform. ZA International and BC Technology Group have entered into a mutual collaboration agreement, according to a statement. ZA…
The country’s finance regulator is banning licensed digital asset exchanges from trading meme coins, fan-based tokens, NFTs and social coins as part of its ongoing regulatory action against crypto trading. The Thai Securities and Exchange Commission (SEC) is…
The country’s finance regulator is banning licensed digital asset exchanges from trading meme coins, fan-based tokens, NFTs, and social coins as part of its ongoing regulatory action against crypto trading. The Thai Securities and Exchange Commission (SEC) is…
Powered by 5G, eSIM or embedded subscriber identity module is a rising technology that is threatening to replace traditional SIM cards. With 5G revolutionizing connectivity, eSIM emerges as a seamless way to harness greater connectivity between a future of…
The blue chip-focused Singapore sovereign wealth fund has invested in a crypto bank, in a signal that digital assets are here to stay. In an announcement on its blog last week, U.S.-based digital asset bank Anchorage said it raised $80 million in a Series C…
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