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Author: Wei Xiang

  • [SPICE ROUTE FINANCE] STAGES OF FUNDING

    [SPICE ROUTE FINANCE] STAGES OF FUNDING

    Wei Xiang

    Raising funds has its own difficulties for any company or individuals. But when it comes to startups, the story is different. It is a very strenuous task for any startup to raise equity funding in its initial stages and it is a time at which most of the entrepreneurs feel low and disheartened. But, once… Read more

  • [McKinsey Explainers] What is tokenization?

    [McKinsey Explainers] What is tokenization?

    Wei Xiang

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    Tokenization is the process of creating a digital representation of a real thing. Tokenization can be used to protect sensitive data or to efficiently process large amounts of data. Events of the past few years have made it clear: we’re hurtling toward the next era of the internet with ever-increasing speed. Several new developments are… Read more

  • [Kaiko] A practical guide to understanding MiCA

    [Kaiko] A practical guide to understanding MiCA

    Wei Xiang

    Preparation for MiCA: Data will be at the heart of your preparation for MiCA. We created this guide to help you understand the upcoming requirements and adapt your data strategy. We will outline MiCA’s scope, requirements, and challenges and at the end provide several case studies showing how Crypto Asset Service Providers (CASPs) and regulators… Read more

  • [Crypto.com] Tokenisation of RWAs & Yield-Bearing Stablecoins

    [Crypto.com] Tokenisation of RWAs & Yield-Bearing Stablecoins

    Wei Xiang

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    We have undoubtedly seen the rise of RWA tokenisation in 2024. Not only does it signify a bridge between TradFi and the digital asset space for crypto natives, it also opens up the crypto world to many new users and products. Various institutions have taken their first steps to jump on the bandwagon of tokenisation… Read more

  • [elven] Deep Dive into Singapore MPI License 🇸🇬

    [elven] Deep Dive into Singapore MPI License 🇸🇬

    Wei Xiang

    Singapore has strict and clear compliance regulations by the Monetary Authority of Singapore (MAS) in place for digital payment token service providers (DPTsp). The major payment institution (MPI) license is required by digital payment token service providers (DPTsp). In April 2024, Monetary Authority of Singapore (MAS) expanded the MPI’s coverage of digital payment tokens to… Read more

  • [Coincub] The Global Web3 Index 2024 Report

    [Coincub] The Global Web3 Index 2024 Report

    Wei Xiang

    CEO of Elven: “We have observed a notable surge in demand for crypto accounting software, particularly for reconciliation and compliance purposes in Hong Kong and Singapore. This trend may be attributed to the absence of a capital gains tax regime in these jurisdictions, coupled with a robust regulatory environment”. 🔍Reflections on 2023/2024: regulatory clarity and… Read more

  • [FINMA] Stablecoins: risks and challenges for issuers of stablecoins and banks providing guarantees

    [FINMA] Stablecoins: risks and challenges for issuers of stablecoins and banks providing guarantees

    Wei Xiang

    Stablecoin holders can usually make a payment request to the issuer at any time. These requests are generally classified as deposits under banking law or collective investment schemes under the Banking Act. To distinguish between a deposit under banking law and a collective investment scheme it is important whether the underlying assets are managed for… Read more

  • [HKMA] Consultation on Legislative Proposal to Implement the Regulatory Regime for Stablecoin Issuers in Hong Kong

    [HKMA] Consultation on Legislative Proposal to Implement the Regulatory Regime for Stablecoin Issuers in Hong Kong

    Wei Xiang

    The two-month consultation period ended on 29 February 2024. A total of 108 submissions were received from a wide variety of respondents comprising market participants, industry associations, business and professional organizations, individuals, etc. The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) have also been actively engaging in discussions… Read more

  • [DigiFT RESEARCH] Institutions Enter DeFi: The Current State of BlackRock’s BUIDL

    [DigiFT RESEARCH] Institutions Enter DeFi: The Current State of BlackRock’s BUIDL

    Wei Xiang

    On March 20, 2024, BlackRock, a prominent asset manager, expanded its presence in Web3 by collaborating with U.S.-based tokenization platform Securitize to issue the tokenized fund BUIDL (BlackRock USD Institutional Digital Liquidity Fund). This follows the approval of its Bitcoin spot ETF, marking a significant step for mainstream cryptocurrency investment. The tokenized fund BUIDL represents… Read more

  • [BINANCE] Half-Year Report 2024

    [BINANCE] Half-Year Report 2024

    Wei Xiang

    Following a notable 109% surge in 2023, crypto markets experienced a continued rise in the first half of 2024, with total market capitalization up by 37.3%. This growth was largely driven by a 60.2% gain in the first quarter of the year, while the second quarter reversed some of these gains as market capitalization declined… Read more