As Bitcoin and other digital assets become mainstream, more and more companies want part of the action.
Singapore’s more cryptologically acceptable regulations are paving the way for the industry to grow, and the rapid pace of asset digitization is also a place of opportunity.
For starters, the Singapore government announced last year that it was investing its money in strengthening the blockchain ecosystem by investing $ 12 million, first national effort expand blockchain technology research. The investment will facilitate the development, commercialization and adoption of broader real-world applications.
Naturally, there is more and more commercial adoption of distributed general ledger technology and crypto-related business models in the republic.
For example, the new digital exchange of DBS reflects the growing interest in digital assets. Institutional interest in cryptocurrencies and digital assets they also grew in in recent months.
Here are six companies that are expanding into this area in Singapore and are not taking a break from increasing the number of crypto and / or blockchain.
DBS
Singapore’s largest bank, DBS, has announced its interest in crypto space, such as trading opportunities and digital custody.
DBS is actively exploring new revenue opportunities. That launched a digital exchange a few months ago, and also announced a partnership with Temasek and JP Morgan to establish a new global blockchain-based payment platform.
According to the latest earnings report, DBS’s daily value of crypto trading has risen more than 10 times since launch and he said his crypto trading business is constantly building.
He recently released his own the first tokenized bond on the stock exchange.
The bank is stepping up its capabilities in this space and has more vacancies in Singapore for crypto and blockchain. This includes customer support and technical roles such as blockchain programmers and engineers.
See his employment portal here.
Razer
Last month, gaming company Razer announced that it was exploring potential entry into the space of cryptocurrencies.
Tan said there is a growing opportunity for Razer in the cryptocurrency space, given the wide reach of its Razer Fintech unit.
He said Razer is unlikely to issue its own cryptocurrency, but would not rule out the firm accepting one or more other currencies for its hardware and services.
True to Tana’s word, Razer afterwards place job ads recruiting blockchain, crypto and decentralized finance (DeFi) leads in Singapore, to explore business opportunities and investments.
Razer is also looking for a global engineering executive with crypto / blockchain knowledge that is mentioned as a desired skill.
See his employment portal here.
Ant Group
Alibaba’s Ant Group is known to be making great strides in the cryptosphere. It kept its own first place last year as the largest holder of blockchain patents.
Since 2015, the fintech company has been investing significantly in blockchain research and development. Ant also owns the Chinese mobile payment app Alipay. He launched blockchain-powered cross-trading settlements platform last year.
Singapore is Alibaba’s international business subsidiary, established to support its globalization strategy. Antina’s parent company, Alibaba, bought it last year half a commercial tower along the Shenton Way, further cementing its presence here.
The Singapore office focuses on building and designing applications and solutions based on ant chains tailored to the overseas market and businesses. The ant won the digital banking offer for a wholesale license last year, the company should further customize its technology capabilities here in Singapore.
Currently, Ant has released several blockchain-related Singapore roles, such as engineering and technology solutions. It has also hired leading business development to accelerate the adoption of Ant’s innovations and applications.
See his employment portal here.
Visa
Visa is another payment company that has allowed use crypto on your payment network.
The global payment technology firm has approved the use of the cryptocurrency USD Coin (USDC) to settle transactions on its payment network, which is another sign of the growing acceptance of digital currencies by the mainstream community.
The company has launched a pilot program with the Crypto.com platform to use stablecoin USDC, which is pegged directly to the U.S. dollar.
Visa eavesdrops on the ethereum blockchain for these transactions, eliminating the need to convert a digital coin into a fiat when making a purchase. It plans to offer the option to more partners soon.
With Singapore’s crypto-friendly policies, it’s no surprise that Visa is working here on related technological developments. The company said it is working to build its next-generation payment platform and will accelerate the recruitment of software engineers in Singapore.
See his employment portal here.
Binance
The world’s largest digital asset exchange by volume of Binance trade has been located in Singapore for many years.
The company is actively hiring and has grown to an annual revenue of nearly $ 1 billion, according to Glassdoor.
Crypto exchange launched its platform in Singapore two years ago. At that time, Binance CEO Changpeng Zhao said that Singapore would grow into a major crypto market. He praised the local government for its in-depth understanding of cryptography and openness to financial innovation.
Zhao even said Singapore would be the country that would lead the next financial revolution. Zhao stressed that a progressive regulatory environment is often a more important factor in a company’s decision-making process when entering a new market.
The company’s website states that it has more than 2,000 employees in more than 20 locations. Its homepage features more than 50 vacancies in Singapore, from business development to finance and business.
See his employment portal here.
Coinhako
Singapore crypto exchange Coinhako was established in 2014 to improve access to digital currencies for major consumers in Singapore and Asia.
It was founded by Yusho Liu and Gerry Eng. According to the fintech tracker comedians, the platform registers about 100,000 visits per month. The stock exchange has over 300,000 registered users in Singapore.
He said he did last month thinking about the initial public offering after the volume of trade increased by 500 percent from January to May compared to the whole of last year.
Amid a surge of interest in cryptocurrencies, Coinhako said it was augmentation operations and improving its services to better provide services to its customers.
A company that has more than 20 employees according to Rocketreach, it registers its office space on Boulevard Marina. He currently employs engineers and operations managers.
See his employment portal here.
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Credit for featured images: Reuters
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