Standard Chartered and DBS to set up blockchain-based Trade Finance Registry

Standard Chartered and DBS, with the support of 12 other banks, have kicked off a project that will use a blockchain network to register trade finance transactions.

I Transferred $100 SGD To The App [GUIDE] has now enabled FAST deposits of SGD from your bank account to the App.

With this, you are now able to purchase any cryptocurrencies on the App directly from SGD. This is in contrast to the previous method of sending XSGD from StraitsX, where you can only buy 8 cryptocurrencies directly from XSGD.

This is now possibly one of the best ways to buy cryptocurrencies directly from SGD. The previous best way to do so was to send USD directly to FTX via DBS Remit.

However, the spreads on the App have been known to be high. As such, you may still incur some hidden fees even though does not charge you anything!

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Withdrawing SGD From
Depositing USD To FTX From Singapore:
Singapore Crypto Guides: Guides:

Linking StraitsX To
Depositing USD Into FTX From Singapore:

�� App ($25 USD in CRO after staking for a Ruby Steel card):
⚫️ FTX (5% OFF your trading fees):

�� Maiar (USD $10 in eGLD when you buy USD $200 of eGLD):
�� ZenGo ($10 cashback in BTC):

�� Celsius ($50 in BTC when you transfer ≥ $400 worth of assets and hold for 30 days):
�� BlockFi ($10 in BTC when you transfer ≥ $100 worth of assets and hold for 30 days):
⚪️ Nexo ($25 in BTC when you transfer ≥ $100 worth of assets and hold for 30 days):
�� Hodlnaut: ($30 in USDC when you transfer ≥ $1,000 worth of assets and hold for 31 days):

�� Koinly (Easily Calculate Your Taxes):
�� Unstoppable Domains (Get Your Crypto Domain FOR LIFE):
�� TradingView: &aff_id=29920

⚪️ Ledger Nano:
⚫️ Trezor: &aff_id=10498
⚪️ SafePal:

�� NordVPN:


0:00 Intro
0:06 Step 1
0:19 Step 2
0:33 Step 3
0:55 Are Comments Needed?
1:07 Some Precautions
1:16 Step 4
1:25 What Cryptocurrencies Can I Buy With SGD?
1:33 Contrast With StraitsX
1:40 Hidden Costs?
1:47 Outro

Any information that is on this YouTube channel does not constitute as financial advice, as I am not a licensed financial advisor. All videos are based on my own experiences.

Blockchain Testimonial: Citi Realizes the Value of Blockchain for Trade Finance with ConsenSys

Citi’s Global Head of Commodity Trade Finance Kris Van Broekhoven explains how some of the world’s largest institutions are coming together to build an end-to-end blockchain solution for commodities trade financing.

Download our free blockchain case study for commodity trade finance:

Watch our free on-demand webinar, “Blockchain and International Trade”:

Learn more about Enterprise Ethereum:

For more enterprise blockchain use cases:
Connect With ConsenSys on

Digitising Trade Finance

Learn how trade finance can embrace new technologies, modernise processes and adapt to changing customer preferences.

Standard Chartered Bank’s View on Digitization of Trade and Supply Chain Finance

Standard Chartered Bank’s Michael Sugirin, Head of Open Account and Trade Implementation talks to Finastra about the paradigm shift in trade finance and how the bank is looking to adopt new digitalized processes.