SBI Remit Collaborates With SBI Ripple Asia and Vietnamese Bank Tien Phong to Launch First Blockchain-Powered Money Transfer Service Between Vietnam and Japan
SBI Ripple Asia recently announced that they had formed a partnership with SBI Remit along with Vietnamese bank Tien Phong Commercial Joint Stock Bank to launch a blockchain-powered remittance service between the countries of Vietnam and Japan. The money transfer service will be the first such venture between both countries…Continue Reading
Indonesian E-commerce Unicorn Tokopedia Looking at Getting 10% of Total Transactions to Come from Its Freshly Launched Tokopedia Salam Marketplace
Jakarta-based technology company Tokopedia is targeting to get its newly launched Islamic marketplace Tokopedia Salam to generate at least ten percent of its total transactions, according to its chief executive officer Garri Juanda. The tech unicorn, which was founded in 2009 by William Tanuwijaya and Leontinus Alpha Edison and is…Continue Reading
MAS, Temasek, JPMorgan Build Blockchain Prototype Payments System
JPMorgan, Temasek and the Monetary Authority of Singapore (MAS) have jointly developed a blockchain-powered cross-border payments system that is capable of making payments across a broad range of currencies on the same network. MAS, Singapore’s central bank, announced that the prototype network has the potential to improve cost efficiencies for…Continue Reading
End-to-end Staffing Platform Startup Workmate Raises US$5.2 Million in Atlas Ventures-led Series A Funding
Singapore-based on-demand staffing platform startup Workmate, formerly known as Helpster, announced that it has secured US$5.2 million in a Series A funding round led by Atlas Ventures, an early stage VC fund based in Singapore. The funding round also saw the participation of Beacon Venture Capital, the corporate venture capital…Continue Reading
Vietnam’s Ho Chi Minh City to Promote Blockchain in Drive to Build a Smart City
Ho Chi Minh City plans to develop and implement a regulatory framework alongside policies associated with blockchain technology to ensure that the technology can flourish while minimizing potential risks when building a smart city, a top city official said at Saigon Hi-tech Park’s annual conference held last Friday. The city’s…Continue Reading
Singapore-based DBS Collaborates with Trafigura and IMDA to Develop Open-sourced Blockchain Trade Platform
Singapore-headquartered DBS Bank and commodity trading company Trafigura are collaborating with Infocomm Media Development Authority (IMDA), the International Chamber of Commerce (ICC), Enterprise Singapore and tradetech Perlin to build a blockchain-powered open source trade platform, called the ICC TradeFlow platform. The platform is developed with an eye towards improving trade…Continue Reading
Vietnam-based Digital Entertainment Startup POPS Raises US$30 Million in Eastbridge Partners-led Round
Vietnamese digital entertainment startup POPS Worldwide announced that it has secured US$30 million in an investment round led by Mirae Asset-Naver Asia Growth Fund and South Korean independent private equity firm Eastbridge Partners. Both investors are looking to invest in Southeast Asia’s burgeoning digital entertainment market, and with the funding…Continue Reading
Indonesia-based Logistics Startup Crewdible Secures US$1.5 Million in Pre-Series A Funding Round Led By Global Founders Capital
Indonesia-based micro-warehousing solutions startup Crewdible announced that they have raised US$1.5 million in a pre-Series A funding round led by Berlin-based Global Founders Capital (GFC), a stage agnostic, globally oriented seed and growth venture capital firm. In a press statement, Crewdible chief executive officer and founder Dhana Galindra said that…Continue Reading
Utilizing Blockchain Technology, Armanino Launches World-First Tool that Promises Instant and On-Demand Attest Services
Armanino, one of the United States’ 25 largest accounting and business consulting firms, announced recently that they have released a new blockchain-based application that is the world’s first to offer real-time attestation, reducing the time of attestation reporting windows from 30 days down to just 30 seconds. Named TrustExplorer 2.0,…Continue Reading
Singapore-based Jungle Ventures Closes Third Fund at US$240 Million to Invest in Southeast Asian Startups
Singapore-based Jungle Ventures, a venture capital firm that primarily focuses on Series A and Series B investments in startups in Southeast Asia, announced on October 30, 2019 that they just closed their Jungle Ventures III and successfully raised US$240 million – including US$40 million in separately managed account commitments –…Continue Reading