News linked to both this project and an event.
stablecoin payment infrastructure company Trace Finance has completed a $32 million Series A funding round, led by CoinFund with participation from Coinbase Ventures and others. Trace Finance plans to use this round of financing to expand its business in Latin America and the Asia-Pacific region and to advance more license applications. The company stated that it has processed over $10 billion in institutional cross-border transaction volume. (The Block)
According to PRNewswire, enterprise blockchain infrastructure provider Antier Solutions announced the completion of a $3 million funding round, led by GVFL. The new capital will support the development of secure transactions, verifiable workflows, and institutional-grade blockchain infrastructure; expand deployments in the government and banking, financial services, and insurance (BFSI) sectors; and grow its business operations in the United States, Middle East, and Asia-Pacific markets.
According to an official announcement, Robinhood has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) to launch brokerage services in Singapore, covering securities trading, exchange-traded derivatives, custody, product financing, and collective investment schemes. Robinhood stated that Singapore will serve as its Asia-Pacific headquarters to support its international expansion. Its subsidiary, Bitstamp Asia Pte. Ltd., already holds a Major Payment Institution (MPI) license issued by the MAS. Note that in-principle approval is not equivalent to a formal license; Robinhood Singapore Pte. Ltd. must still meet relevant conditions before receiving final approval to commence operations.