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Telecommunications & Media

DBS, Citi cut Singapore-New York transfers from 2 days to minutes

DBS and Citigroup processed their first live weekend transaction sending U.S. dollars from Singapore to New York, using tokenised deposits via the Swift digital ledger, reports said. The banks said the approach reduced cross-border settlement time from up to 2 business days to minutes by avoiding delays from weekends and time zones. No separate cryptocurrency was used. The banks are pitching the capability to corporates including e-commerce and digital services firms.

Crypto

Binance launches options trading for about 1,000 U.S. stocks and ETFs

Binance has started options trading on about 1,000 U.S. stocks and exchange-traded funds for eligible users outside the United States. The product can be accessed through a single Binance account and is physically settled, requiring delivery of the underlying shares when exercised. It is offered via Binance-affiliated broker-dealer Nest Trading under Abu Dhabi regulation, with Alpaca Securities handling execution, clearing, settlement and custody.

Crypto

Eastpoint: Seoul 2026 private digital asset conference to be held on Sept. 28

Global asset manager Franklin Templeton, venture capital firm Andreessen Horowitz (a16z) and stablecoin issuers Tether and Circle will take part in Eastpoint: Seoul 2026, a closed-door digital asset conference to be held on Sept. 28. The event in Seoul will bring together a small group of policymakers, global institutions and Web3 leaders to discuss South Korea’s digital asset market and global institutional adoption trends.