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On December
18 DBS bank launched a digital currency platform that allows traders to
exchange cryptocurrency and investors to fundraise through tokenization. The
move makes DBS the first traditional bank to launch such an exchange.
Firms and
accredited investors will be able to trade in four established cryptocurrencies:
Bitcoin, Ether, Bitcoin Cash and XRP. Four fiat currencies the Singapore, US and
Hong Kong dollars and the Japanese yen will be also available.
DBS said in a press release that the platform includes “fully integrated tokenization, trading and custody ecosystem for digital assets.” The platform aims to enable early-stage companies to trade digital currencies with other financial assets as collateral, providing more options for businesses to raise funds.
African Of The Year: Ngozi Okonjo-Iweala
Published 4 months ago
Ngozi Okonjo-Iweala has been adjudged the ‘2020 African of the Year’. Previous winners have been Rwandan President Paul Kagame (2018) and African Development Bank President Akinwumi Adesina (2019).
Okonjo-Iweala is well-positioned to take on the next big role, transforming Africa and negotiating on the world stage.
About 17 years ago, Dr. Ngozi Okonjo-Iweala challenged Nigeria’s patriarchy by becoming the longest-serving finance minister, the first foreign minister, and most importantly, the first woman to ever hold those positions.
Today, she is on the brink of yet another first, as a finalist to the top post as theseventh Director-General of the World Trade Organization (WTO), a position which will make Okonjo-Iweala the first African and once again the first woman to lead the prestigious trade body.