Decentralised finance (DeFi)

OCBC and partners launch South-east Asia’s first on-chain tokenised physical gold fund 

StanChart says that it aims to “set the blueprint” for how commercial banks can help companies move money between traditional bank accounts and modern blockchain networks.

StanChart, Ant International launch blockchain-based tokenised deposits in Singdollar, greenback

The techno-anarchist vision behind cryptocurrencies such as Bitcoin was to free the financial well-being of individuals from the clutches of large custodial institutions – and the monetary mandarins supervising them.
THE BOTTOM LINE

What will central banks do when tokens replace money?

World Liberty has been marketed as a DeFi lending platform, it has not become operational yet. So far, the project is known for purchasing niche tokens.

Trump’s World Liberty Financial plans to create ‘strategic’ token reserve

Donald Trump has been a recent and vocal proponent of digital assets such as Bitcoin.

Trump crypto project gets US$30 million investment from Justin Sun

Aspen Digital attributes an increasing interest in altcoin exposure to the US Securities and Exchange Commission’s recent approval of Bitcoin and Ethereum exchange-traded funds.

Investors remain cautious on digital assets despite growing interest

The former president’s profile may make many more people aware of DeFi, proponents of which claim gains in efficiency resulting from cutting out traditional intermediaries such as banks.

Trump unveils crypto project, says US should dominate sector

Contrary to expectations, Decentralised Finance has become a shortcut for a small number of people to make a fortune, get rich and line their own pockets.
THE BROAD VIEW

Finternet – the new financial architecture

A collaborative effort by MAS and industry players will explore potential decentralised finance applications in wholesale funding markets.

MAS partners foreign financial regulators on tokenisation of funding markets

BIS and its partners, including the Monetary Authority of Singapore, will continue to explore the benefits and challenges of tokenisation and DeFi technologies.

Singapore concludes joint project using decentralised finance technology