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Paxos Secures Full Approval to Offer Digital Payment Token Services from Monetary Authority of Singapore; DBS to be Primary Banking Partner

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Paxos to issue a stablecoin that is substantively compliant with MAS’ upcoming stablecoin framework

DBS selected as primary banking partner for cash management and custody of stablecoin reserves

SINGAPORE, July 1, 2024 /PRNewswire/ — Paxos, the leading regulated blockchain & tokenization infrastructure platform, received full approval from the Monetary Authority of Singapore (MAS) for its Singapore entity, Paxos Digital Singapore Pte. Ltd. to offer digital payment token services as a Major Payments Institution. The approval enables Paxos to issue stablecoins in line with MAS’ upcoming stablecoin framework.

With the approval, Singapore becomes the third market, alongside the US and United Arab Emirates, that Paxos and its related entities are authorized to issue stablecoins, showcasing a commitment to expanding access to regulated, secure stablecoins worldwide. This also highlights how stablecoin issuance and operation under prudential regulatory oversight is possible when a company is committed to protecting consumers.

Walter Hessert, Head of Strategy at Paxos, said: “Stablecoins issued in accordance with standards set by a regulator like MAS – known for its rigorous regulatory standards – represent a significant step towards democratizing access to commerce and financial services. Receiving approval from MAS is an important step for Paxos and our global enterprise partners to safely offer access to US dollars to more users around the world.”

One important aspect that provides users confidence in a stablecoin is having a trusted institutional-grade partner. In this regard, Paxos is pleased to announce that it has selected DBS Bank as its primary banking partner for cash management and the custody of stablecoin reserves. DBS is Southeast Asia’s largest bank by assets, named the Safest Bank in Asia for 15 consecutive years by Global Finance, and has been recognized as a leader in banking innovation. DBS is an ideal partner for Paxos as the company builds and launches cutting-edge, secure and regulated financial solutions.

Evy Theunis, Head of Digital Assets, Institutional Banking Group at DBS Bank, said: “We are pleased to support Paxos’ new chapter in Singapore. We firmly believe that trust and security are key to wider stablecoin adoption. Having examined all relevant aspects that come with managing reserve assets, stablecoin issuers will find that our solutions will help them meet the robust standards regulators and customers expect from them. This partnership further expands DBS’ wide-ranging involvement across the digital asset ecosystem, of which we have been a pioneer and innovator for several years now.”

Receiving full approval from MAS reinforces Paxos’s commitment to comply within regulated frameworks as it expands products and services to global markets. This milestone showcases how Paxos is the most comprehensively regulated blockchain platform in the world, meeting the highest operating standards in New York, United Arab Emirates and Singapore.

To learn more about Paxos, its regulated infrastructure or its products, visit www.paxos.com.

About Paxos
Paxos is the leading regulated blockchain infrastructure and tokenization platform. Its products are the foundation for a new, open financial system that can operate faster and more efficiently. Today, trillions of dollars are locked in inefficient, outdated financial plumbing that is inaccessible to millions of people. Paxos is replatforming the financial system to enable assets to instantaneously move anywhere in the world, at any time, in a trustworthy way.

Paxos partners with leading global enterprises to tokenize, custody and trade assets. Its blockchain solutions are used by leaders like PayPal, Interactive Brokers, Mastercard, Mercado Libre and Nubank. It is the issuer of numerous regulated digital assets including PayPal USD (PYUSD), Pax Dollar (USDP) and Pax Gold (PAXG). Its affiliate company Paxos International issues the yield-bearing regulated stablecoin Lift Dollar (USDL). Prudentially regulated by the NYDFS in the US, the MAS in Singapore and FSRA in Abu Dhabi Global Market, Paxos is a top-funded fintech company with more than $540 million raised from leading investors including Oak HC/FT, Declaration Partners, Founders Fund, Mithril Capital and PayPal Ventures.

Contact: press@paxos.com

About DBS

DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 15 consecutive years from 2009 to 2023.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.

DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.

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SOURCE Paxos

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TMGM Enters Esports Through New Collaboration with OG Esports as Official Global Partner

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June 18, 2026

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SYDNEY, June 18, 2026 /PRNewswire/ — TMGM today announced a new collaboration with OG Esports, marking TMGM’s first esports campaign. As the Official CFD Partner of OG’s Dota 2 and Counter-Strike 2 teams, TMGM will engage esports audiences through fan-focused digital activations, exclusive rewards and branded content.

The collaboration reflects TMGM’s commitment to engaging digitally native audiences through performance-driven communities. The initiative highlights similarities between competitive gaming and financial markets, where preparation, precision, speed and resilience drive success.

“Success, whether in financial markets or competitive gaming, is built on preparation, resilience and the ability to adapt in a fast-changing environment. These qualities are deeply embedded in both TMGM and OG Esports,” said Nick Yang, Chief Commercial Officer of TMGM.

“We are pleased to collaborate with an organisation that has built a strong reputation within the esports industry, and we look forward to delivering meaningful experiences that resonate with audiences around the world.”

Throughout the campaign, fans can look forward to cashback rewards, signed OG Dota 2 and Counter-Strike 2 team jerseys, branded content and social media activations.

TMGM’s presence will be integrated across OG’s website, social channels and streaming platforms.

Through the collaboration, TMGM aims to deliver meaningful experiences and lasting value to OG’s global community.

“OG has a global fanbase that deserves the very best experiences. That’s why we’ve partnered with TMGM. As a leading CFD trading platform, TMGM will offer our community new ways to engage both through trading and unique OG experiences. We’re proud to support TMGM’s first step into esports and look forward to building a strong partnership that delivers lasting value for our fans,” said Xavier Oswald, Chief Executive Officer of OG Esports.

About TMGM

Founded in 2013 in Sydney, Australia, TMGM Group is the Official Regional Partner of Chelsea Football Club. As a broker providing global financial product trading, TMGM is regulated by ASIC(Australia), VFSC (Vanuatu), FSC Mauritius, and FSA (Seychelles).

Disclaimer: Investing in leveraged products carries high risks and is not suitable for all investors. You have no interest in the underlying asset. Read the Client Agreement and other disclosure documents set forth on our website. The above information is provided by TMGM Group (Trademax Australia Limited, ABN 76 162 331 311, AFSL 436416, Trademax Global Markets (SE) Limited, FSA licence number SD224, Trademax Global Limited, VFSC 40356 & Trademax Global Markets (International) Pty Ltd, Company No. 195323, Mauritius Investment Dealer Licence No. GB22201012). 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/tmgm-enters-esports-through-new-collaboration-with-og-esports-as-official-global-partner-302801919.html

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Huawei Expands Health and Fitness Ecosystem on HUAWEI WATCH FIT 5 Series, Deepening Commitment to Women’s Wellbeing

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June 18, 2026

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New app partnerships with Life: Period Tracker, Clue, and The Ginger Club signal growing momentum for third-party developers building on Huawei’s wearable platform

LONDON, June 18, 2026 /PRNewswire/ — Huawei announced the continued expansion of its health and fitness app ecosystem on the newly launched HUAWEI WATCH FIT 5 Series, reinforcing its strategy to build an open, partner-driven platform that delivers meaningful everyday value to users. The latest additions include Life: Period Tracker, the globally recognized women’s health app; Clue, the #1 women-led  period and cycle tracker; and The Ginger Club, a running community founded around women’s physiology, bringing advanced cycle tracking, data-driven health insights, and personalized training directly to the wrist.

The applications are available through HUAWEI AppGallery across all models of the HUAWEI WATCH FIT 5 Series. They reflect a broader ambition: to attract best-in-class app developers to Huawei’s wearable ecosystem and give them the platform, data integrations, and user reach to build health experiences that genuinely improve daily life.

A Platform Built Around Women’s Health

With women’s health being a clear strategic priority, Huawei’s ecosystem team has worked closely with partners to ensure the HUAWEI WATCH FIT 5 Series goes beyond step counting. Life: Period Tracker allows users to log cycle data, symptoms, mood, and flow level directly from the watch, discreetly and without reaching for a phone.

For users seeking deeper analysis, Clue’s integration with the Huawei Health app brings sleep data and body temperature readings from the watch into cycle analysis, supporting more personalized and data-driven health insights. Available with a Clue Plus subscription, the integration allows users to make the most of the data their watch already captures.  

From Wrist Data to Intelligent Coaching

The Ginger Club, founded by renowned running coach Candela Pérez, takes the ecosystem’s women’s health focus into athletic performance. With a Ginger Club subscription, training plans, from 5K to marathon, are designed around menstrual cycle phases. In addition, through seamless syncing with the HUAWEI WATCH FIT 5 Series, the app draws on real-time pace, heart rate, and recovery data to guide users on when to push and when to rest, enabling the watch to become a genuine coaching companion.

These partnerships illustrate the growing appeal of Huawei’s wearable platform: lightweight, all-day wear design enables higher data continuity and more engaged users, delivering a compelling proposition for developers looking to reach people in the real moments of their lives.

An Open Ecosystem Invitation

To celebrate the launch, new HUAWEI WATCH FIT 5 Series buyers will receive an exclusive three-month premium subscription, valued at €15, to Life: Period Tracker at no cost, and a 3-month free trial to Clue Plus, as part of Huawei’s commitment to making its ecosystem genuinely rewarding from day one.

For developers and health brands, the path to collaboration is open: whether through Health Kit integration or native app development for HUAWEI AppGallery, Huawei provides the tools, APIs, and go-to-market support to bring compelling wearable experiences to market. On top of this, the HUAWEI WATCH FIT 5 Series also supports contactless payments with Curve Pay, as well as access to Huawei MultiPass, including Huawei Health+ membership and exclusive benefits from popular sports, fitness, and lifestyle apps such as komoot, Naviki, URUNN and FIIT.

Developers and health brands interested in building for Huawei’s wearable platform are encouraged to explore partnership opportunities through the Huawei Developer Portal at https://developer.huawei.com/consumer/en/.

View original content to download multimedia:https://www.prnewswire.com/news-releases/huawei-expands-health-and-fitness-ecosystem-on-huawei-watch-fit-5-series-deepening-commitment-to-womens-wellbeing-302803547.html

SOURCE Huawei Consumer Business Group

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HDC 2026 Global Eco Summit: Huawei Ecosystem Fuels Partners’ Growth in China and Cross-Border Success

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June 18, 2026

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DONGGUAN, China, June 18, 2026 /PRNewswire/ — At the HDC 2026 Global Eco Summit, Huawei convened global ecosystem partners, brands, and developers to explore how its innovative technologies are reshaping digital interaction in an increasingly interconnected, multi-device world. Spanning luxury retail, tourism, financial services, and digital platforms, the summit highlighted how enterprises are leveraging Huawei’s ecosystem to drive innovation and business growth, with key partners sharing real-world collaboration cases and practical insights.

China Market Mastery: AI-Powered Audience Insights and Story-Driven Strategies for Scalable Brand Growth

Huawei’s ecosystem has established itself as a powerful platform enabling brands to navigate the China market with precision and creativity. Leveraging Petal Ads’ advanced AI capabilities and rich consumer insights, brands access multi-dimensional audience portraits, real-time behavioral signals, and omnichannel measurement tools. The ecosystem also provides access to affluent consumer segments, including over 22 million yearly outbound travelers — 76% of whom belong to middle-to-high consumption groups with strong interest in luxury goods, technology, and premium lifestyles.

A global leading luxury house demonstrated how these capabilities translate into meaningful China growth. To connect with high-net-worth consumers, the brand partnered with Huawei to leverage Petal Ads’ precision targeting, reaching premium audiences including foldable device users with immersive splash screen visuals optimized for Huawei devices. The campaigns generated tens of millions of impressions and strong click-through rates. The partnership has since expanded into experiential collaborations and in-store initiatives, blending the brand’s heritage with Huawei’s intelligent technology.

A Southeast Asian national tourism board showed how China-market strategy becomes more effective when media, content, devices, and offline experiences are connected. This collaboration leveraged Petal Ads, Huawei Wearables, SkyTone, and offline retail experiences to create a 360-degree immersive travel journey for Chinese consumers — including customized watch faces featuring destination mascots and KOL collaborations. The campaign generated hundreds of millions of exposures, significantly lifted brand awareness, and solidified the destination as a top choice for Chinese outbound travelers.

Expanding Global Horizons: Overseas Partners Strengthen Huawei’s Global Ecosystem

As cross-border travel and consumption grow, overseas partners are increasingly engaging with Huawei’s ecosystem to deliver seamless, locally relevant experiences for users abroad, embedding essential services such as ticketing, payments, and connectivity directly into users’ daily digital lives.

A leading Hong Kong ticketing platform partnered with Huawei to redefine cross-border event and travel experiences for Chinese outbound travelers. Leveraging Huawei’s hybrid architecture, localized support, and Huawei Login capabilities, the platform built a high-performance, cross-device application for concerts, sports events, and travel services across Hong Kong and Asia. Beyond ticketing, the integration spans the full travel journey: users can book tickets, navigate to venues via Petal Maps, and stay connected via SkyTone — all within Huawei’s ecosystem — transforming standalone transactions into continuous, connected travel moments.

BonusFlaş, Garanti BBVA’s digital payment and smart wallet platform and one of Türkiye’s leading digital payment solutions, demonstrated how Huawei’s ecosystem enables seamless and secure transactions. Through this partnership, BonusFlaş enabled NFC-based contactless payments on HUAWEI WATCH 5, HUAWEI WATCH GT 6 series, and other NFC-supported wearables, allowing users to make secure, one-tap payments at millions of POS terminals across Türkiye directly from their wrists. BonusFlaş’s upgraded platform brought together cards, digital payments, exclusive campaigns, and favorite brands in a single, user-friendly interface, expanding its user base and setting a new standard for fintech-wearable collaboration in Türkiye.

Forging a Connected Future Together

The HDC 2026 Global Eco Summit reaffirmed Huawei’s role as an open, collaborative global bridge, connecting brands, developers, and consumers to drive shared growth. As cross-border commerce and travel expand, Huawei stands ready to empower partners with its innovative technologies and expansive ecosystem. Huawei invites all global brands, developers, and ecosystem partners to join together building a fully connected, intelligent world that turns cross-border challenges into opportunities.

About HUAWEI Consumer BG

For more information, please visit https://www.huawei.com/en

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SOURCE Huawei Consumer Business Group

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