Over a quarter of Asian Pacific ‘emerging giant’ startups tied to blockchain:...
A KPMG/HSBC survey finds NFTs and DeFi are more popular with Asian Pacific big startups than EV charging, quantum computing and a host of other new technologies. The Asia Pacific region is seeing a major business shift with increasing numbers of new technology startups appearing, even as venture capital investment is decreasing compared to last year. A report from Big Four accountant KPMG and international banking company HSBC based on a survey of 6,472 Asian Pacific startups found that over a quarter of them are blockchain related. Nonfungible tokens, or NFTs, led the way among sectors....
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Asia-Pacific (APAC) banks, credit card firms and startups can be expected to increasingly focus on blockchain technology in the coming years, according to a new report by Accenture. The management consulting services firm, which has recently been assertive in voicing its opinions on the emerging technology, stated that this trend would coincide with the need for FinTech firms to streamline operations and comply with regulations. The prediction formed part of a new report that projects FinTech investments in the Asia-Pacific region will "quadruple" in 2015, rising to $3.5bn this year, up....
IBM today opened an incubator where 5,000 computer scientists will work to build rapid prototypes using the company’s blockchain and Watson AI tools for businesses in the Asian-Pacific region. Called the Watson Centre at Marina Bay in Singapore, the incubator will also house Singapore’s IBM Garage, which will specialize in building blockchain applications using the company’s Open Standards tools. IBM Asia Pacific’s chairman and CEO, Randy Walker, described the operation in a statement: "Watson and blockchain are two technologies that will rapidly change the way we live and work, and....
Crypto adoption is expanding apace across Asia, with major global exchanges inking partnerships and making acquisitions on the continent. Major crypto exchanges originating from Asia as well as from the West have shown an increasing interest in the Asia-Pacific region. Coinbase launched in Japan last year, joining the selected group of exchanges to offer crypto trading services to native customers. Binance, the world’s leading crypto exchange by trading volume, has forged a series of new partnerships in Singapore, Indonesia and Thailand.The growing interest in global crypto exchanges in....
The emerging fintech and cryptocurrency industry in Asia received a major portion of total VC funds during the thrid quarter of 2016. Asia is an emerging economic power, thanks to the growth of some of the major countries in the continent. Staying true to its economic progress, the continent is also turning out to be an attractive market for the fintech industry. According to a recent report published by KPMG – one of the “big four” audit firms in the world, the Asian continent was the largest recipient of venture capital in the fintech and cryptocurrency technology sector during the third....
Since 2015, an increasing number of multi-billion-dollar financial institutions such as Goldman Sachs have exhibited their interest in emerging innovative financial technologies and startups. Several major banks and financial organizations have established various investment funds for fintech and blockchain startups, to research the application of fintech and blockchain technologies in the financial market. Blockchain technology focused startups have been the main attraction of these banks. According to the Outlier Ventures research team, there are over 1,000 blockchain startups in....