Digital assets expected to charge on in 2025 amid bullish sentiment, say industry players

Quick Summary:

Observers think a pro-crypto US leadership will spur innovation and Singapore will benefit.

Mr Shawn Chan, co-CEO at Singapore Gulf Bank (SGB), said that as the digital asset space develops, he is seeing higher demand for reliable banking services that bridge traditional and digital finance.

While the US leadership changes will lead to more favourable environments for developers and financial institutions to bring more crypto products and services to market, Ms Ong said these are expected to take time.

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Article Details

Author / Journalist: Claire Huang

Category: EconomyBusiness

Markets: SingaporeBahrainHong Kong

Topics: Singapore Digital Defi Crypto Market Investors Adoption Regulatory Industry Players Assets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-21 @ 05:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1923 words

Reading Time: 11 minutes read

Sentences: 73 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 24571820

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 6 posts per day

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