Asia Express | Crypto

Four years on, Binance is back in South Korea! Plus, Morgan Stanley and Japan’s largest bank have a new digital asset division. Asia Express. Binance is returning to South Korea nearly five years after exiting the market in December 2020, following the Financial Intelligence Units (FIU) approval of its acquisition of Gopax one of only five local exchanges authorized to provide crypto-to-fiat services. According to a Maeil Business Newspaper exclusive, the FIU granted final approval on Wednesday, ending more than two years of uncertainty over Binances reentry. The exchange acquired a majority stake in Gopax in 2023, but the deal stalled amid regulatory scrutiny and Binances legal troubles in the US. The return of the worlds largest cryptocurrency exchange could shake up South Koreas long-standing duopoly of Upbit and Bithumb. Under the countrys crypto regulations, exchanges must partner with a domestic bank to offer real-name verified accounts. Though the system is designed to strengthen Anti-Money Laundering ...

Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma.  Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more

Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma.  Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more

Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma.  Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more

Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma.  Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more

Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma.  Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more

Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma.  Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more

Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma.  Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more

Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma.  Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more

Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma.  Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more

Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma.  Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more

Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma.  Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more

Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma.  Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more

Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma.  Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more

Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma.  Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more

Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma.  Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more

Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma.  Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more

Alibaba founder’s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma.  Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications. Read more

Avalanche inks a deal to tokenize South Korean financial giant’s ETFs, Hong Kong hits back at yuan stablecoin ‘fake news.’ Asia Express. Mirae Asset Global Investments has signed a memorandum of understanding with Ava Labs, the developer of the Avalanche blockchain, to tokenize fund products and build onchain asset management and settlement systems.  Mirae Asset Group is one of South Koreas largest independent asset managers. The total assets under management (AUM) in the groups umbrella are estimated at 1.024 quadrillion Korean won (over $730 billion). Mirae Asset Global Investments, which handles the groups overseas investments, as the name suggests, contributes 430 trillion won (about $306 billion). The global investment arm is also a top 12 exchange-traded fund issuer in the world based on estimated revenue, and 15th by AUM, as of Thursday, according to data from ETFdb. Read more

Avalanche inks a deal to tokenize South Korean financial giant’s ETFs, Hong Kong hits back at yuan stablecoin ‘fake news.’ Asia Express. Mirae Asset Global Investments has signed a memorandum of understanding with Ava Labs, the developer of the Avalanche blockchain, to tokenize fund products and build onchain asset management and settlement systems.  Mirae Asset Group is one of South Koreas largest independent asset managers. The total assets under management (AUM) in the groups umbrella are estimated at 1.024 quadrillion Korean won (over $730 billion). Mirae Asset Global Investments, which handles the groups overseas investments, as the name suggests, contributes 430 trillion won (about $306 billion). The global investment arm is also a top 12 exchange-traded fund issuer in the world based on estimated revenue, and 15th by AUM, as of Thursday, according to data from ETFdb. Read more