September 7, 2024

Why Singapore Is Bringing Blockchain Into Mutual Funds

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(Bloomberg Opinion) — Most people see “blockchain” and “funds” in the same sentence and immediately think of pools of money betting on cryptocurrencies like Bitcoin and Ether. That isn’t how Singapore sees the utility of distributed ledgers.It has taken a less glamorous view, which may nevertheless be more useful. The Asian financial center has more than 1,200 asset management companies supervising S$146 billion ($112 billion) in so…

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