Blockchain
dltledgers: As senior banking executives move to fintech, does it signal a shift in Singapore’s finance sector?

While the Monetary Authority of Singapore assesses 21 applications for its digital banking licenses, there is much talk within the finance community about the increasing impact of technology. The question is: can established banking institutions keep pace? One sign that the balance may be shifting is the increasing number of finance executives that are finding their way into the employ of Singapore’s leading fintech (financial technology) companies.
The migration of senior bankers to tech firms is nothing new in Singapore. As far back as 2017 the press reported on the finance industry’s struggle to attract top talent. This only increased, as tech firms like Google, Facebook, Microsoft, and Amazon, in particular, continued to climb up the list of ideal employer rankings. What is new is the extent to which technology companies are penetrating the financial services industry.
What began as a flurry of startup companies in payments has now snowballed into a barrage of well-funded technology platforms, covering almost every element of financial services. These include retail banking (Grab), e-wallets (Razer), local payments (Rapyd), investment management (Stashaway), insurance (Singapore Life), commercial banking (Aspire, Arival Bank), robo-advisors (Bambu), and most recently, trade finance (dltledgers).
These companies are growing quickly – many on the back of significant, recent, venture capital investment. According to a report released by Accenture, Singapore-based fintech firms raised more in the first nine months of 2019 (a record US$735 million (S$1 billion)) than in all of 2018 (US$642 million). It is no coincidence that these businesses all fit broadly within the Singapore government’s vision for a future economy built on intellectual property and fintech, alongside other “deep tech” industries like biotech, quantum computing, and robotics.
With this amplification in funding and attention, perhaps not surprisingly, has come acceleration in the shift of senior talent away from traditional banking institutions. This may even be partly assisted by government initiatives, such as Tech@SG. This is a pilot programme by the Economic Development Board (EDB) and trade promotion agency Enterprise Singapore, which is specifically designed to help “high-potential” technology companies to attract talent.
What is more, the trend can be seen at all levels of seniority – with technology companies snapping up the brightest minds in both mid- and senior-level positions. Recent high-profile appointments include Razer Fintech’s appointment of Neal Cross, in December 2019, to its board advisors. Cross previously headed up innovation at DBS – “the world’s leading digital bank” – and is best known for being named the world’s most disruptive CIO/CTO, by a panel that included Apple co-founder, Steve Wozniak, and Virgin Group founder, Sir Richard Branson. The announcement of Cross joining Razer came only shortly after Societe Generale director, Jason Tay, joined Singapore-based currency conversion platform, M-DAQ, which at almost the same time doubled in its valuation, in its most recent funding round, to S$500m. Most recently, Nikhil Joshi, who was responsible for strategic and economic decision-making as Business Manager at Barclays, APAC, announced a move to one of Singapore’s newest, but fast-growing tech startups companies – cross-border trade platform and leading blockchain developer, dltledgers. Mr Joshi’s experience with complex transactions across credit, equity and FICC asset classes, specifically in relation to balance sheet and regulatory capital, demonstrates how Singapore’s fintech ecosystem has diverged a long way from its relatively simple beginnings.
These are far from isolated examples. Tushar Tejuja, Managing Director of Singapore-based HR tech startup focussed on technology recruitment, HackerTrail, says that the appointments you read about in the press are only the tip of the iceberg:
“At HackerTrail we’ve seen a huge increase in appetite for fintech among senior banking professionals. Not long ago a career in Singapore’s banking sector was seen as the ultimate goal, but now we see quite the opposite. Despite the finance sector’s investment in innovation, many bank employees tell us that, given the constraints caused by legacy infrastructure, compliance, and bureaucracy, it is difficult – if not impossible – for them to compete with the more agile, well-funded, and flexible fintech firms. It is literally a case of ‘if you can’t beat them, join them’, and in many cases we see candidates accepting significantly smaller packages in order to join what they see as a fintech revolution.”
There are 150 banks in Singapore, with a total asset size of nearly S$2 trillion. To foster innovation and stay relevant, many of these banks operate fintech-focused investment funds and accelerators, including all three of the dominant local banks – DBS Innovates, The Open Vault at OCBC, and UOB. Leading banking figures have spoken publicly about so-called “dirsuptors”, and how the banks are prepared for their impact, but how extensive this impact will be in Singapore’s business world is yet to be seen.
SOURCE dltledgers
Blockchain
Blocks & Headlines: Today in Blockchain – April 25, 2025 | BitNile, Dutch Blockchain Week, Citigroup, Philippine Blockchain Week, D.O.G.E Foundation

Blockchain’s metamorphosis from niche ledger technology to the backbone of Web3 has never been more evident. Today, we cover five stories that illustrate the evolving ecosystem: a gaming platform issuing its own token on Solana; Europe’s marquee Web3 summit; a major bank forecasting a “ChatGPT moment” for blockchain; a Southeast Asian conference aimed at busting crypto myths; and a foundation rebuilding blockchain from the ground up to solve scalability. Each development—whether product launch, industry gathering, macro forecast, educational initiative, or infrastructure innovation—offers a window into the trends shaping decentralized finance, NFTs, DeFi, and beyond.
1. BitNile.com to Launch Nile Coin on Solana
News Summary
Hyperscale Data’s subsidiary BitNile.com will introduce the Nile Coin on Solana starting May 1, 2025. The U.S.–based social gaming site chose Solana for its high throughput and low fees, aiming to enhance in-game economies, reward engagement, and deliver seamless micro-transactions. Details on tokenomics and governance are forthcoming, but management touts Nile Coin as a cornerstone of future gaming experiences.
Source: CoinTrus
Analysis & Commentary
Launching a proprietary token underscores two converging trends: the gamification of finance and finance-ification of gaming. By minting Nile Coin, BitNile.com taps into DeFi mechanics—staking, liquidity pools, NFT rewards—while leveraging Solana’s scalability. Strategically, BitNile.com positions itself for partnerships with NFT marketplaces and DeFi protocols, potentially opening secondary markets for in-game assets and generating new revenue streams beyond ad sales or subscription fees.
2. Dutch Blockchain Week 2025 Gears Up in Amsterdam
News Summary
From May 19–25, Amsterdam will host the sixth annual Dutch Blockchain Week, culminating in the two-day summit (May 21–22) at De Meervaart. Tier 1 exchanges (Bitvavo, Kraken, Coinbase), Web3 pioneers (WOW.ai, Blockrise), regulators (European Commission, De Nederlandsche Bank), and industry partners (Mastercard, Deloitte) will convene. Side events range from AI-powered hackathons tackling compliance to padel networking meetups—underscoring the event’s blend of technology, policy, and community.
Source: Dutch Blockchain Week
Analysis & Commentary
Dutch Blockchain Week typifies the maturation of blockchain conferences into multidisciplinary forums. Beyond token talk and yield farming, panels on regulation, institutional adoption, and security reflect Web3’s integration into mainstream finance. Anticipate announcements on CBDC pilots, DeFi compliance frameworks, and cross-chain interoperability projects that may emerge from the Block & Order Hackathon.
3. Citigroup Predicts Blockchain’s “ChatGPT Moment”
News Summary
In an April 23 report, Citigroup analysts argue that 2025 could be blockchain’s “ChatGPT moment,” driven by regulatory clarity around stablecoins and integration with traditional financial systems. They forecast stablecoin market capitalization ballooning to $1.6 trillion (base case) or as much as $3.7 trillion (bull case) by 2030—anchored by dollar-denominated issuers and collateralized with U.S. Treasuries. Regulatory frameworks like the GENIUS Act could catalyze adoption among banks and fintechs.
Source: Cointelegraph
Analysis & Commentary
Drawing parallels to generative AI’s explosive growth, Citigroup envisions a tipping point where blockchain moves from experimental to essential infrastructure. Successful integration will hinge on robust compliance tools, auditability, and clear governance models. Enterprise blockchain vendors should prepare for surging demand in tokenized payments, on-chain settlements, and embedded DeFi rails within legacy systems.
4. Philippine Blockchain Week 2025 Debunks Crypto Myths
News Summary
Scheduled for June 10–11 at SMX Convention Center Manila, Philippine Blockchain Week (PBW) 2025 will tackle misinformation and spotlight real-world use cases. Highlights include “Crypto, Unpacked” sessions demystifying the technology; “Smart Regulation” panels uniting policymakers and innovators; and “Blockchain for Impact” showcases on remittances, disaster relief, and digital identity. Founding President Donald Lim emphasizes government support and public–private collaboration to spur inclusive growth.
Source: UseTheBitcoin
Analysis & Commentary
PBW exemplifies how emerging markets leverage education to accelerate Web3 adoption responsibly. By engaging regulators early, PBW can shape balanced frameworks that encourage innovation while protecting consumers—an instructive model for markets wrestling with both hype and skepticism.
5. D.O.G.E Foundation Launches New Blockchain, Opens Seed Round
News Summary
The D.O.G.E Foundation announced a ground-up blockchain rebuild designed to solve the scalability and reliability challenges plaguing existing networks. This modular architecture separates validation from execution to enable parallel transaction processing—targeting real-time gaming, DeFi under high load, and AI-driven applications. A seed funding round is now open to investors who share the vision of a performant, decentralized infrastructure.
Source: D.O.G.E Altcoin GlobeNewswire
Analysis & Commentary
As layer-1 congestion and high gas fees persist, new entrants must justify a “why now” with clear architectural advantages. If the D.O.G.E blockchain delivers real-world throughput and maintains decentralization, it could spur a renaissance of high-performance DeFi protocols and NFT platforms hungry for cost-effective base layers.
Conclusion & Key Takeaways
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Tokenization of Entertainment: BitNile’s Nile Coin on Solana highlights blockchain’s expansion into gaming economies and NFT reward systems.
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Convergence of Tech, Policy & Community: Dutch Blockchain Week showcases Web3’s evolution into an ecosystem engaging regulators, enterprises, and developers under one roof.
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Mainstream Inflection Point: Citigroup’s “ChatGPT moment” thesis suggests blockchain is poised for exponential adoption given regulatory support.
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Education as Catalyst: Philippine Blockchain Week’s myth-busting curriculum underscores the importance of public–private dialogue in emerging markets.
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Infrastructure Innovation: The D.O.G.E Foundation’s modular, high-throughput chain exemplifies the next wave of layer-1 networks addressing real-time, real-world use cases.
Today’s stories convey that blockchain’s next chapter will be written through strategic token launches, global convenings, regulatory clarity, educational outreach, and radical infrastructure redesign. By tracking these threads, industry participants can anticipate opportunities in DeFi, NFTs, Web3 games, and enterprise integration. Stay tuned for tomorrow’s Blocks & Headlines, where we’ll continue to decode the innovations shaping decentralized finance.
The post Blocks & Headlines: Today in Blockchain – April 25, 2025 | BitNile, Dutch Blockchain Week, Citigroup, Philippine Blockchain Week, D.O.G.E Foundation appeared first on News, Events, Advertising Options.
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