Digitalisation

There have been several recent digital asset and payment initiatives from banks and fintechs aiming to better link Apac firms with the Middle East.

Swift's conference is underway in Miami with tokenisation, AI, trade finance, regulations and payments as key topics.

Ian Huang spoke to CT about managing the cash profiles of Gogolook’s fraud prevention and consumer lending arms, while targeting Asia and AI expansion.

The bank said connectivity to China’s cross-border payment system will support more efficient Renminbi settlement.

A trial has applied HKD stablecoin to logistics and hospitality-related payments, while Thailand has expanded a blockchain payment test.

The AI firm paired the $3bn convertible with a share placement, with proceeds earmarked for model development and business expansion.

As agentic AI moves closer to treasury decisions, it's prompting a push for stronger governance and oversight.

The banks used tokenised deposits on Swift’s ledger and the move could open up more services within corporate treasury.

The syndicated deal from five banks will help the new firm build GPU cloud infrastructure in Indonesia alongside Nvidia.

The USDC issuer will acquire Singapore’s Tazapay in a $400m all-stock deal.

The 12-month regulatory sandbox will test the government collateral-backed HUMO token, as the Central Asian nation advances its digital strategy.

The Chinese entertainment firms plan to use the funds to manage their balance sheets, shareholder returns and invest in the use of AI.