Deutsche Bank and STACS announced the completion of their Project Benja earlier (18 May 2021)

SINGAPORE, 2 June 2021 — UBS, Bursa Malaysia, and Union Bank of the Philippines (‘UnionBank’) join Hashstacs Pte Ltd (‘STACS’) and Deutsche Bank as industry collaborators in their proof-of-concept (‘POC’) known as “Project Benja”. The three industry participants contributed their various domain expertise towards the final Environmental, Social, and Governance (ESG)-enabling and interoperable end-to-end Distributed Ledger Technology (‘DLT’)-enabled bonds lifecycle management solution for the financial industry.

Sharing its perspective as a bond arranger and investor, UBS provided insight into primary market workflows, ESG and green bond formats including sustainability-linked bonds, and ESG-focused investor preferences. …


Digital assets and sustainability-linked bonds are a key component of the future of financial services, as the world transitions to green mandates in every industry including banking.

At STACS, with our mission to make capital markets simpler and sustainable, this shift to green fintech has been at the forefront of our agenda for some time, evidenced by the launch of our GreenSTACS platform.

While only a proof-of-concept (PoC), most recently we marked an important milestone by completing our ‘bond in a box’ solution with Deutsche Bank in Singapore and put out a corresponding public report co-written with Deutsche Bank that delved into detail on ‘Project Benja’. …


Industry participants include UBS, Malaysia National Stock Exchange Bursa Malaysia and Union Bank of the Philippines (UnionBank)

SINGAPORE, 18 May 2021 — Deutsche Bank Securities Services in Singapore and Hashstacs Pte Ltd (‘STACS’) today announced the completion of their proof-of-concept (‘POC’) referred to as “Project Benja”. Set in the context of tokenized securities in the securities market, the teams worked on digital assets interoperability across platforms and related custody, digital securities and cash delivery-versus-payment practice, distributed ledger technology (‘DLT’) to traditional systems connectivity, operating model evolution and smart contract templates including those involving sustainability-linked digital bonds.

STACS, in collaboration with…


How is DLT really making an impact in the capital markets space today? Listen to the episode here.

Our inaugural joint podcast with The ValueExchange: DLT In the Real World — the facts & figures behind digitisation, as Barnaby Nelson, Chief Executive Officer at The ValueExchange and Nigel Lam, Product and Strategic Partnership Senior Manager at STACS break through the noise of the day and unravel the blockchain transformation of Trade Processing. In this episode, we discussed how our Real-Time Synchronised DLT Trade Processing platform, Mercury, can solve a USD800 billion industry problem, and eliminate trade breaks by 96%, minimising costly risks and unlocking balance sheets and opportunities.

This podcast is part of The ValueExchange’s newest mini-series of…


GREEN FINTECH: BRIDGING SUSTAINABILITY AND PROFITABILITY

In celebration of Earth Day 2021, STACS co-hosted a Green FinTech panel at Bridge+ 79 Robinson Road in partnership with Tribe Accelerator, Alibaba Cloud, and enabled by flexible workspace Bridge+ by CapitaLand. Headline issues discussed in the nearly hour-long panel on 21 April 2021 include macro trends in green finance and fintech, as well as key stakeholders in the emerging category and the need to balance sustainability goals alongside corporate profitability.


Investors include Wavemaker Partners, Tribe Accelerator, and Stellar Partners, bringing total funding to date to more than S$8 million

SINGAPORE, 20 April 2021 — Singapore FinTech Start-Up Hashstacs Pte Ltd (“STACS”) today announced the completion of its US$3.6 million (S$4.8 million) pre-Series A funding round, bringing its fundraising total to more than US$6 million (S$8 million). This is a prelude to STACS’ Series A funding round, which will commence on a larger scale later this year. The fundraising comes at a strategic time, propelling STACS forward in its key plans to expand its ecosystem of global leading financial institutions on…


SINGAPORE, 31 March 2021 — Bluecell Intelligence Pte Ltd (“Bluecell”) and Hashstacs Pte Ltd (“STACS”) today announced a new collaboration to jointly commercialise an industry-wide common technology infrastructure towards green and sustainability, “GreenSTACS”, which runs on top of STACS’ patent-pending Blockchain technology. The partnership largely focuses on supporting effective green and sustainability-linked loans, among other Environmental, Social, and Governance (ESG) financing formats.

The agreement formalises the partnership and mutual commitment between Bluecell and STACS at the strategic and working level. …


Teamwork above all. This is a core value at STACS. It is truly through our many close collaborations and Teamwork with our clients, partners, and other friends-of-STACS that we are where we are today. At STACS, we are thankful for the great guidance and support throughout every step of our growth, as we build a better, simpler, and sustainable infrastructure for the financial industry together.


Singapore’s financial services leadership must incorporate green finance to tackle existing issues and pave the way for a sustainable future.

4 March 2021Below is our Chairman Ray Ferguson’s byline on The Business Times. Ray was previously CEO of Standard Chartered Singapore.

The original article appeared on: https://www.businesstimes.com.sg/opinion/sustainability-the-rise-of-green-agendas

About STACS

STACS (Hashstacs Pte Ltd) is a Singapore FinTech development company with a Vision to provide Transformative Technology for the Financial Industry, with its complete infrastructure of ready platforms that make global markets simpler. STACS is leading the way forward by digitalizing assets, processes, and documents using its proprietary STACS Blockchain technology. Its clients and partners include global investment banks, national stock exchanges, custodian banks, asset managers, and private banks. STACS is…

STACS

Digitise All, Digitise the World. — Your Blockchain Development Partner with Core Financial Expertise

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store