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Singapore’s MAS Awards RF Fund Management Registered Fund Management Company Status

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Photo source: sunrise-travel.eu

 

Singapore’s RF Fund Management, a subsidiary of RF International Holdings, has unveiled that the Monetary Authority of Singapore (MAS) has approved its application for the commencement of business as a Registered Fund Management Company on 3rd February 2020.

The announcement of the award paves the way for RF Fund Management to pursue their inaugural US$50 million Private Equity Fund. With a strong focus on the Digital Economy, the fund will support the enhancement of Singapore’s value as an international fund management centre under the recently launched MAS Variable Capital Companies (VCC) framework.

“Our vision is creating sustainable, cross-border wealth and opportunity for all. Through our Private Equity Fund, we shall deploy our innovative modelling strategy, geared towards high capital appreciation, to identify, curate, and invest in select SMEs and startups. Helping them and our investors realise their full potential in line with the Singapore Budget 2020,” said Eric Neo Say Wei, Group Chief Executive of RF International Holdings and Non-Executive Director of RF Fund Management.

The Singapore Ministry of Finance (MoF) has set aside S$8.3 billion over the next three years to enable transformation and growth. In addition, another S$300 million has been set aside to support startups in the deep-tech sector alone, through the Government scheme, Startup SG Equity.

“What we see from the MoF is that the focus is the future. In ‘Redefining the Future’ with our aspiration of adopting Blockchain technologies within our fund management operations such as Distributed Ledger Technology and Smart Contracts, we aim to set a benchmark for the industry in Singapore,” said Eric.

Singapore is home to around 3,800 technology startups. “However, many technology startups run into difficulty when it comes to sourcing strategic investors. We need to get them to that next stage of growth, but it needs to be in a trusted, flexible and sustainable way,” added Eric.

Leading by example, RF Fund Management’s parent company, RF International Holdings, has supported Singapore’s digital startup ecosystem, beyond just money and capital. An early investor in iSTOX established and operated by ICHX Tech regulated by MAS, RF International Holdings strategically invested US$3 million on 18th April 2019 and was the third ICHX’s external shareholder after Singapore Exchange and Heliconia Capital, a unit of Temasek.

“We are involved in each stage of growth. From new acquisitions and market penetration, whether it be ChinaJapanSingapore or other ASEAN nations, to advocacy and higher price realization, our unique ecosystem enables select SMEs and startups to get their ideas off the ground through investments, mentorship, and leveraging the digital economy. We invite all like-minded investors to join us in fuelling the growth of these select SMEs and startups,” Eric concluded.

 

SOURCE RF Fund Management

Blockchain

Decentralized science can be the next big thing for blockchain utilization

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Decentralized science leverages blockchain’s decentralized ledger technology to address common challenges faced by researchers, including data integrity, reproducibility, and collaboration. By recording scientific data and research findings on a tamper-proof blockchain, researchers can ensure the integrity and authenticity of their work, reducing the risk of data manipulation or fraud.

Moreover, blockchain enables transparent and traceable peer review processes, allowing researchers to validate and verify each other’s work more effectively. This enhances the credibility and reliability of scientific publications, fostering trust within the scientific community and among the general public.

Blockchain-based platforms also facilitate greater collaboration and knowledge sharing among researchers, breaking down traditional barriers to access and enabling interdisciplinary collaboration. Through decentralized science platforms, researchers can securely share data, resources, and expertise, accelerating the pace of scientific discovery and innovation.

Despite its potential benefits, decentralized science still faces challenges, including regulatory uncertainties, technological barriers, and resistance to change within the scientific community. However, as blockchain technology continues to evolve and gain acceptance, decentralized science is poised to emerge as a transformative force in scientific research and collaboration.

Source: cointelegraph.com

The post Decentralized science can be the next big thing for blockchain utilization appeared first on HIPTHER Alerts.

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Blockchain

How blockchain-based voting can restore trust in the electoral process

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In this article we’re discussing the potential of blockchain-based voting systems to rebuild trust in electoral processes. These systems leverage blockchain technology’s transparency and immutability to address concerns surrounding election integrity and voter fraud.

Blockchain-based voting solutions offer several advantages over traditional methods, including increased transparency, security, and accessibility. By recording votes on a decentralized ledger, blockchain ensures that each vote is securely stored and tamper-proof, reducing the risk of manipulation or fraud.

Moreover, blockchain-based voting systems can enhance voter participation by providing greater accessibility to remote and disenfranchised populations. Through secure digital platforms, voters can cast their ballots from anywhere, reducing barriers to participation and promoting inclusivity.

Despite the potential benefits, the adoption of blockchain-based voting systems faces challenges, including regulatory hurdles and technological limitations. Governments and electoral authorities must navigate these obstacles to implement effective and trustworthy voting solutions.

Overall, the article highlights the transformative potential of blockchain technology in restoring trust and integrity to electoral processes. By embracing innovative voting systems built on blockchain, societies can uphold democratic principles and ensure fair and transparent elections.

Source: tradingview.com

The post How blockchain-based voting can restore trust in the electoral process appeared first on HIPTHER Alerts.

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Blockchain

Binance Integrates USD Coin (USDC) on CELO Network

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binance-integrates-usd-coin-(usdc)-on-celo-network

Binance has announced the integration of USD Coin (USDC) onto the Celo network, marking a significant step forward in expanding the utility and accessibility of USDC within the cryptocurrency ecosystem.

This integration enables users to seamlessly transfer USDC tokens across the Celo network, leveraging its high-speed and low-cost transactions. By integrating USDC on Celo, Binance aims to enhance the interoperability and accessibility of USDC, making it easier for users to engage with decentralized finance (DeFi) applications and access financial services on the Celo network.

USDC is a stablecoin pegged to the US dollar, offering users a reliable and transparent means of transacting value on the blockchain. With its integration on the Celo network, USDC gains access to Celo’s ecosystem of decentralized applications (DApps) and services, further expanding its utility and adoption.

The collaboration between Binance, USDC, and Celo underscores the growing importance of interoperability and cross-chain compatibility within the cryptocurrency space. By leveraging the strengths of each network, users can benefit from enhanced liquidity, accessibility, and functionality when using USDC on the Celo network.

Overall, the integration of USDC on the Celo network represents a significant milestone in advancing the capabilities of stablecoins and decentralized finance, providing users with greater flexibility and choice in managing their digital assets.

Source: blockchain.news

The post Binance Integrates USD Coin (USDC) on CELO Network appeared first on HIPTHER Alerts.

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