Singapore’s tech news in November of 2023 picked up headlines on subjects including: the city-state’s stance on cryptocurrencies, stablecoins and central bank digital currency; a blockchain-based approach to bond markets in Singapore; Tech In Asia‘s forthcoming acquisition by the parent firm of Singapore’s Straits Times; and more.
Other editions: Asia’s tech news, daily via LinkedIn, Facebook and Twitter/X, and weekly Indo-Pacific tech newsletters.
Also available: November’s coverage of semiconductors, critical minerals, space launch & satellite technologies.
Google, Bain & Co, Temasek: e-Conomy SEA 2023 – Singapore report
- Singapore: Monetary Authority and IMDA jointly publish paper proposing Shared Responsibility Framework assigning financial institutions and telcos with duties, and victim payouts, around phishing scams
- Enterprise Singapore unveils new Global Innovation Alliance nodes in Mumbai, Melbourne and Sydney, aiming to further facilitate Singapore tech and startup collaborations
- Tech in Asia to be acquired by Singapore Press Holdings Media, the parent firm of The Straits Times and The Business Times newspapers
- Singapore: Authentick raised $4M with Authentickator NFT platform to simplify exploring, purchasing and authenticating digital collectibles and NFTs, notably without users requiring a crypto wallet
- Singapore: A brief intro to the 6 tech startups selected for Singtel Group Future Makers 2023, working in counselling, aged care, budgeting and more
KPMG: Venture Pulse Q3 2023 Report – Asia findings
- Singapore: BondbloX secured $6M Series B with blockchain-based digitisation of bond markets
- Singapore: dtcpay to launch system using fiat and crypto for in-store and online payments, partnering China’s PlatON and Allinpay Int’l for blockchain, terminals and interfacing
- Singapore’s REVIVO BioSystems takes overall DeepTech Startup of the Year win at X-PITCH 2023 global startup competition, focusing on 4D human tissue testing models
- Singapore: Paxos blockchain firm gains in-principle approval to issue a stablecoin, pegged to the US dollar and backed one-for-one by the dollar and cash equivalents
“Stablecoins and central bank digital currencies, not crypto, will be part of the financial ecosystem in the future, the managing director of Singapore’s central bank said…”
- Singapore: BeeX raised $2M with autonomous underwater robotics, focusing on infrastructure maintenance, and monitoring in maritime, energy and defense sectors
- Singapore: Aqualita Ecotechnology launches ‘Our Fish Storey’, testing feasibility of farming jade perch in shipping containers
- Singapore: An intro to Nutrition Technologies, farming fly larvae for animal feed and fertilizers
- Singapore’s WindApp raises $3.8M pre-seed funding with decentralized finance approach to payments, built around blockchain and crypto
- Singapore: Monetary Authority publishes guidelines for digital currency landscape, including a blueprint for tech infrastructure required to facilitate digital money transactions
“The blueprint also involves protocols on purpose-bound money, as well as methods for translating wallet addresses – which are typically jumbled letters and numbers – to be more readable for verification.”
“Additionally, the regulator will begin developing a CBDC for wholesale interbank settlement in 2024. In the first pilot, MAS will use a ‘live’ wholesale CBDC to settle retail payments between commercial banks, while later tests will explore cross-border securities trading.”
- ICYMI: Thunes, Singapore B2B payments major serving Uber, Deliveroo and others, inks cross-border digital yuan cooperation deal with China Construction Bank
- An overview of the Taiwan Pavilion at Singapore FinTech Festival 2023, focusing on Taiwan’s fintech startups and innovations in finance
- Singapore’s Entobel opens fly larvae facility in Vietnam capable of producing 1000 tons of protein meal annually for use in a range of feed products, with sights on 10,000 tons in 5 years
MERICS: Chinese state-affiliated hacking for strategic goals
Indo-Pacific Technology news
All-day tech news updates from across the broad – and increasingly strategically and technologically important – Indo-Pacific region, and across South and Southeast Asia:
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Note: Our mobile app is currently offline, due to the ongoing devolution of what was Twitter, now X. We aim to have the app back online with a much-improved interface and broader functionality in Q1 of 2024.
World Economic Forum: Space Applications in Agriculture
Indo-Pacific tech newsletters
Our weekly email newsletters go out on Substack and LinkedIn, providing readers with an at-a-glance grasp of the week’s technology news from the Indo-Pacific and Asia.
