DBS, OCBC and UOB have conducted live SGD interbank transactions together using tokenised deposits for the first time. The domestic Singapore dollar transactions were completed through Swift’s blockchain-based ledger, which coordinated payment messages across the banks’ separate tokenised deposit systems. The resulting obligations were recorded on each bank’s tokenised deposit infrastructure before being matched and [...] The post Singapore’s Three Local Banks Make First Live Tokenised Deposit Payments Together appeared first on Fintech Singapore .
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DBS and Citi used tokenised deposits to complete a cross-border US dollar payment between Singapore and the United States on 5 September 2026. The weekend transaction was processed through Citi’s New York office using the Swift Digital Ledger. It took minutes to complete. DBS described it as the first successful weekend US dollar payment between [...] The post DBS and Citi Complete Weekend USD Payment With Tokenised Deposits appeared first on Fintech Singapore .
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KAST has introduced a business platform that uses stablecoins to settle cross-border transactions around the clock. KAST Business combines accounts, cards, international transfers, cashback and potential yields on eligible balances in one dashboard. The platform is available across more than 170 countries, although specific services vary by jurisdiction. Companies can manage fiat virtual accounts provided [...] The post KAST Launches Business Accounts in More Than 170 Countries appeared first on Fintech Singapore .
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Singapore is moving closer to regulating stablecoin issuers under a dedicated framework. The Monetary Authority of Singapore (MAS) is seeking feedback on changes to the Payment Services Act 2019. These would establish the requirements issuers must meet to qualify as MAS-regulated stablecoin issuers. Who Can Use the MAS Stablecoin Label Only issuers licensed under the [...] The post Singapore Moves Closer to Dedicated Stablecoin Regulation appeared first on Fintech Singapore .
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The Bank for International Settlements (BIS) has backed tokenised deposits as a stronger foundation for future payments than stablecoins. BIS General Manager Pablo Hernández de Cos outlined the position at the Jackson Hole Economic Symposium on 28 August. Tokenised deposits could enable programmable payments while remaining connected to central bank money. This would help ensure [...] The post BIS Sees Tokenised Deposits Playing Bigger Role Than Stablecoins in Future Payments appeared first on Fintech Singapore .
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UOB and HSBC have completed live cross-border Hong Kong dollar transactions using tokenised deposits on Swift’s ledger. The transactions make UOB the first Singapore-headquartered bank to conduct live transactions on the blockchain-based ledger. Swift announced in July 2026 that the ledger was ready for initial use, with 17 banks across six continents preparing to pilot [...] The post UOB Is First Singapore Bank to Complete Live Tokenised Deposits With HSBC on Swift appeared first on Fintech Singapore .
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Revolut has launched its first stablecoin as part of plans to expand its cryptocurrency services. The euro-denominated token, called EURR, is designed to maintain a value of €1. It is issued by payments infrastructure provider Bridge and integrated into the Revolut app. Eligible customers can use EURR across supported crypto services, external wallets and blockchain [...] The post Revolut Debuts Euro Stablecoin EURR in Denmark, Poland and Portugal appeared first on Fintech Singapore .
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Visa is working with Nium to explore seven-day stablecoin settlement through Singapore’s BLOOM initiative. Led by the Monetary Authority of Singapore (MAS), BLOOM stands for Borderless, Liquid, Open, Online and Multi-currency. It brings together financial institutions and other industry participants to test faster and more programmable cross-border payments. Maybank Singapore also recently joined BLOOM to [...] The post Visa, Nium Pilot Stablecoin Settlements Beyond Business Days Under MAS’ BLOOM appeared first on Fintech Singapore .
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Fasset has raised US$68 million in a Series C funding round led by Japan’s SBI Group, valuing the stablecoin neobanking platform at US$1 billion. The investment expands Fasset’s existing relationship with SBI Group, which includes a partnership with its international remittance arm SBI Remit. The remittance network supports bank account transfers to around 200 countries. [...] The post Fasset Earns Unicorn Badge After US$68 Million Funding Round appeared first on Fintech Singapore .
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Coinbase has secured regulatory approval to establish an international tokenisation hub in Abu Dhabi. The company received a Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market. The approval allows it to arrange investment deals and provide custody services for tokenised securities. Coinbase said securities issued and registered in [...] The post Coinbase Gets Abu Dhabi Green Light for Tokenisation Hub appeared first on Fintech Singapore .
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BRICS is examining ways to make cross-border payments cheaper through closer links between fast payment systems and central bank digital currencies (CBDCs). Reserve Bank of India Governor Sanjay Malhotra said the proposals remain under discussion, according to Reuters. Possible approaches include greater interoperability between members’ instant payment networks and connections between their respective CBDCs. The [...] The post BRICS Explores CBDC Links to Cut Cross Border Payment Costs appeared first on Fintech Singapore .
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Thredd is supporting Cashi’s stablecoin spending card rollout in Hong Kong with Mexico next on its expansion plans. Thredd will provide the issuer processing infrastructure for the programme. The Cashi app lets users hold and send digital assets, while its card can be used for everyday purchases. The Hong Kong programme is now live with [...] The post Thredd Powers Cashi Stablecoin Card Launch in Hong Kong appeared first on Fintech Singapore .
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Mastercard and Borderless.xyz are testing whether assurance signals can reduce compliance friction in cross-border stablecoin payments. The pilot will explore how Mastercard Crypto Credential can support verification across stablecoin payment flows. The framework provides assurance signals that payment providers can incorporate into their approval, compliance and risk processes. Infinia, Walapay and Koywe will take part [...] The post Mastercard Tests Crypto Credential for Stablecoin Payment Verification appeared first on Fintech Singapore .
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Maybank Singapore has joined the central bank’s BLOOM initiative to advance programmable cross-border settlement. Launched in October 2025, BLOOM stands for Borderless, Liquid, Open, Online, Multi-currency. It builds on Project Orchid, which explored use cases for a digital Singapore dollar and the infrastructure needed to support it. The initiative explores cross-border settlement using tokenised bank [...] The post Maybank Singapore Joins MAS’ BLOOM for Tokenised Cross-Border Payments appeared first on Fintech Singapore .
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Western Union is bringing stablecoins into everyday payments with the launch of Stablecard in 37 markets. Developed with Rain, Stablecard combines a digital USDPT wallet with a Visa secured credit card linked to the U.S. dollar stablecoin. USDPT is issued by Anchorage Digital Bank on the Solana blockchain. It is redeemable one-for-one for U.S. dollars [...] The post Western Union Links Remittances, Stablecoin Spending With Stablecard appeared first on Fintech Singapore .
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More than 40 financial institutions and eight central banks have tested a shared platform for tokenised cross-border payments under Project Agorá. The initiative, led by the Bank for International Settlements (BIS) and the Institute of International Finance (IIF), is exploring whether tokenisation can improve wholesale cross-border payments. Its prototype combines tokenised central bank reserves and [...] The post Eight Central Banks Test Tokenised Cross-Border Payments Under Project Agorá appeared first on Fintech Singapore .
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Visa has introduced a stablecoin platform for minting, moving and managing digital dollars. The Visa Stablecoin Platform is designed for financial institutions, fintech companies and payment providers looking to run stablecoin operations through a single Visa-managed environment. The platform will initially support Open USD, a stablecoin introduced by Open Standard. Clients will be able to [...] The post Visa Launches Platform for Institutions to Mint, Move and Manage Stablecoins appeared first on Fintech Singapore .
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Swift has made the initial phase of its blockchain-based ledger available for use, with banks preparing to pilot live transactions. The financial messaging network is enabling 17 global banks to pilot 24/7 cross-border payments using tokenised deposits through the new ledger. The shared ledger provides participating financial institutions with a secure orchestration layer. Banks can [...] The post Swift’s Blockchain Ledger Enters Pilot Phase with 17 Global Banks appeared first on Fintech Singapore .
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Nium has acquired Cypher as it pushes deeper into infrastructure for payments between fiat currencies and digital assets. The financial details were not disclosed. The Singapore-based cross-border payments firm said the deal adds crypto-native expertise to its stablecoin-backed issuing and global money movement infrastructure. Nium has been expanding its network to support stablecoin funding and [...] The post Nium Acquires Cypher to Bridge Fiat and Digital Asset Payments appeared first on Fintech Singapore .
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TP will provide 24/7 customer support for dtcpay as the Singapore payments firm expands its stablecoin-enabled services across APAC. The partnership will cover customer and merchant support in English and Mandarin across digital and voice channels. dtcpay is a regulated digital payments provider in Singapore. The company has been expanding its payment services for businesses [...] The post dtcpay Taps TP to Scale 24/7 Customer Support Across APAC appeared first on Fintech Singapore .
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