Bitcoin
$43,510.80+6.27%
Ethereum
$3,032.99+9.50%
XRP
$0.989097+12.88%
Cardano
$2.24+12.46%
Polkadot
$31.45+18.41%
Stellar
$0.291254+7.93%
Dogecoin
$0.228867+10.91%
Chainlink
$24.15+11.55%
Uniswap
$21.32+11.50%
Polygon
$1.20+14.76%
Algorand
$1.85+18.62%
Litecoin
$159.90+5.81%
Cosmos
$38.68+28.54%
Bitcoin Cash
$541.93+5.77%
Wrapped Bitcoin
$43,506.59+6.52%
Filecoin
$74.13+5.13%
The Graph
$0.728218+11.16%
Tron
$0.097644+8.49%
Ethereum Classic
$50.64+9.29%
Aave
$298.54+10.86%
Tezos
$5.41+15.87%
Monero
$239.19+9.75%
NEO
$42.49+11.38%
EOS
$4.27+8.56%
IOTA
$1.35+11.18%
BitTorrent
$0.003490+9.72%
Bitcoin SV
$146.23+5.75%
Maker
$2,514.55+8.79%
Waves
$24.72+14.22%
Dash
$173.32+8.34%
Decentraland
$0.716886+16.12%
Decred
$117.12+8.84%
ICON
$1.69+14.13%
NEM
$0.156816+10.21%
Zcash
$120.59+8.75%
OmiseGO
$9.57+9.05%
NuCypher
$0.290152+12.82%
Yearn Finance
$30,324.46+10.64%
Qtum
$10.67+11.76%
Paxos Standard
$0.999850-0.68%
Bitcoin Gold
$55.23+7.24%
Basic Attention Token
$0.682900+10.63%
0x
$0.941889+10.61%
Bancor
$3.58+8.81%
Ren
$0.813387+12.33%
Fetch.ai
$0.704648+16.81%
Kava.io
$5.58+16.03%
Siacoin
$0.015924+13.15%
Band Protocol
$7.72+10.40%
Nano
$5.02+17.12%
Loopring
$0.406191+5.26%
Storj
$1.14+9.20%
Numeraire
$42.40+14.72%
Lisk
$3.07+11.02%
Civic
$0.424399+9.29%
Orchid
$0.348884+8.37%
PAX Gold
$1,776.23-0.04%
Enzyme
$152.29+25.97%
Augur
$21.75+7.19%
Aragon
$5.16+13.78%
district0x
$0.157139+9.70%
Kyber Network
$1.53+9.50%
SingularDTV
$0.001342-0.21%
Tether
$1.00+0.05%
USD Coin
$0.999877-0.06%
Dai
$1.00+0.02%

Binance to Partner With Singapore-Based Platform CapBridge to Broaden Its Services

The legally non-binding agreement indicates the two firms intend to build a strategic STO.

Mar 24, 2021 at 12:49 p.m. UTC
Updated Sep 14, 2021 at 12:31 p.m. UTC

Blockchain and cryptocurrency infrastructure firm Binance has signed a Memorandum of Understanding (MoU) with Singapore-regulated private markets platform CapBridge to broaden its services.

  • According to the Binance blog post Wednesday, the legally non-binding agreement indicates the two firms intend to build a strategic security token offering (STO).
  • Singapore-headquartered firm CapBridge was founded in 2015. It is regulated by the Monetary Authority of Singapore (MAS) and backed by the Singapore Exchange.
  • CapBridge has two separate arms: a distribution arm that holds a Capital Markets Services License and the 1exchange, which is MAS-regulated, built on blockchain technology and holder of a Recognized Market Operator license in Singapore.
  • “By joining forces with CapBridge, Binance will be able to work with a fully licensed firm to broaden services securing compliance with local regulations,” said Binance CEO Changpeng Zhao. 
  • More details on the partnership will be announced at a later date.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...