Singapore’s Sovereign Fund Temasek’s backed Vertex Ventures invests in crypto exchange Binance.

A podcast report by Coin Survey, 23 October 2018.

Vertex Ventures, made an investment Binance to develop a fiat-to-cryptocurrency exchange in Singapore.

Binance a digital asset trading platform operator, a year-old company and one of the world’s biggest cryptocurrency exchanges have already had their confrontations with authorities in Hong Kong, Japan, and New York.

As a result, shifted base in regulation friendly Malta.

Now they plan their further global expansion by this fiat-to-cryptocurrency exchange to allow users to swap cryptocurrencies into the Singaporean dollar.

Singapore already an innovation pioneer in Asia looks to become a hub for financial technology by embracing the revolutionary blockchain DLT  technology on all its fronts.

Though the amount of investment was undisclosed, there is no doubt both the parties are leading and future beneficiaries under their agreement.

Source: bloomberg.com / sbr.com.sgtodayonline.com 

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