Search results for DCP
Crypto
Japan FSA approves trade settlement stablecoin pilot with three megabanks
Japan\'s Financial Services Agency has approved a fourth pilot project to use stablecoins for cross-border trade settlements, expanding tests into trade finance. The project will be led by TradeWaltz and involves Mizuho Bank, MUFG Bank and Sumitomo Mitsui Banking Corp, among others. The initial scope covers receivables purchases and settlement between exporters and banks. The pilot begins in September 2026, with a trust-based yen stablecoin expected for commercial use in the fiscal year ending March 2027.
AI & Enterprise
Alibaba\'s AI and semiconductor bets pay off, from CXMT to Zhipu AI
Alibaba Group Holding is posting large unrealised gains from investments in Chinese memory chipmaker CXMT and generative AI startups, after shifting away from large retail takeovers. It holds about 5 percent of CXMT, valued at more than 140 billion yuan, after investing about 7.6 billion yuan since 2021. Alibaba has also backed Zhipu AI and other Chinese AI startups, while continuing investments in semiconductors, data centres and robotics.
AI & Enterprise
Science ministry and SMEs ministry hold briefing for startups to avoid confusion over AI Basic Law
South Korea’s Ministry of Science and ICT held an “AI Startup Growth Strategy Briefing” with the Ministry of SMEs and Startups on Jan. 28 in Seoul to share key provisions of the AI Basic Law with AI startups. The ministries also explained related legislation and support programmes, including AI Challenge and Deep Tech Challenge Project. Officials said they would operate the law to avoid hindering innovation and strengthen communication with startups.
