Malaysia, Singapore Explore Importing Wind Energy from Vietnam
The 'industry alliance' will look to export green electricity, especially offshore wind power, from Vietnam to the other two countries, according to a statement from Singapore's Sembcorp Industries Ltd. on Monday.
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Forbes
5 minutes ago
- Forbes
Rewiring Finance: Why Tokenization Is An Infrastructure Story, Not A Digital Assets One
Eric Piscini, Chief Executive Officer of Hashgraph. 'Tokenization' might be the buzzword of the industry, and while it's easy to get swept up thinking it's the next big thing in digital assets, like the metaverse or memecoins, it's really not about hype. It's about replacing outdated financial systems and processes with programmable, 24/7 infrastructure, where speed, compliance and transparency are built in from the start. I believe the future of finance won't be built by banks but by those who are building the rails and the blockchain infrastructure itself. Think of it not only as a technical overhaul but also as an operational one, transforming how assets are issued, transferred and settled. The smart institutions aren't asking whether it will work. They're mapping out how far they can go with it. Why All The Fuss? What may start with a narrow use case, like accelerating real-time payments and settlements, often evolves into a broader rethinking of market infrastructure that can quietly transform the way the world does business. What's promising is that regulators aren't just watching—they're actively responding. In the U.K., UAE and Singapore, frameworks are emerging that actively support the future of digital finance. From the U.K.'s sandbox initiatives to Singapore's detailed token classification and licensing regimes, these governments are building rulebooks around the reality that tokenization is here to stay. And major financial players are moving in. BlackRock is tokenizing money market funds. Citi is piloting custody and settlement. Franklin Templeton has been issuing shares on-chain since 2021. J.P. Morgan is piloting a USD deposit token (JPMD) to support on-chain payments and native cash settlement for institutional clients. These aren't crypto startups; they're established financial institutions rebuilding their own systems from the inside out. Think of it less like launching a new app and more like Wall Street quietly swapping out dial-up for fiber internet. The Numbers Say It All Tokenized RWAs have just surpassed $24 billion. This isn't a trend line; it's a launch curve. The steady rise in the first half of 2025 signals velocity, not just growth. And with Standard Chartered projecting $30.1 trillion in tokenized assets by 2034, a figure notably on par with the current U.S. GDP, we're not looking at a niche upgrade. We're witnessing a full-scale reallocation of the financial system's plumbing. Visibility, Speed And A Seat At The Table Legacy systems created silos. Private markets often operated with limited transparency and slow reporting. That kind of opacity rewarded insiders and excluded broader participation. Tokenization flips that model. Imagine running a business where every stakeholder sees a different version of the ledger—that's what private markets used to be. With tokenization, everyone sees the same data at the same time, like moving from fragmented spreadsheets to a single live dashboard. That shift eliminates inefficiencies, improves accountability and builds the kind of shared visibility that real trust is built on. In fact, Coinbase and Kraken are actively exploring the tokenization of traditional equities, with the goal of enabling 24/7 stock trading on-chain. This could extend market access, improve settlement efficiency and increase competitive pressure on traditional exchanges such as the NYSE. Settlement can now happen in minutes, not days. Compliance and documentation can be handled by smart contracts instead of paper and PDFs. Fractional ownership opens up access to asset classes that used to be out of reach for most investors. Tokenization doesn't just modernize systems; it reshapes who gets to participate. There's Friction, But Also A Clearer Path Forward Yes, there are still hurdles as regulation lags behind the tech. But global regulators are slowly catching up. The EU's MiCA framework is now live. The UAE has established a dedicated Virtual Asset Authority. The U.K. is planning a Crypto Roadmap by 2026. In the U.S., if the CLARITY Act is passed, it would provide a much clearer regulatory framework for digital assets, particularly by distinguishing between "digital commodities" and "securities." This would offer companies a more defined path to engage with digital assets in a compliant manner, replacing the uncertainty that has historically hindered the growth of tokenization. On the enterprise side, many are wary of diving deep into Web3 due to a need for privacy, particularly in highly regulated industries. That's where hybrid infrastructure comes in: models that blend public transparency with private transaction control. Enterprises can scale into public systems while keeping sensitive data shielded. It's not a binary choice between 'status quo' and public networks with utility tokens; it's now a spectrum. Still, forward-looking companies aren't waiting. They're engaging regulators, aligning with emerging standards and investing in interoperability now. This isn't defensive. It's a long-term advantage. Looking Ahead Tokenized real-world assets aren't here to replace traditional instruments. They're here to expand the menu. Lower entry points, broader access and new formats will complement existing portfolios, not compete with them. This is evolution, not upheaval. But make no mistake: Tokenization is changing how ownership is defined, how capital flows and how trust is embedded in systems. So the real question isn't when this will happen. It's whether your organization is building for it now. Because the rails are being rebuilt. And those building them will shape what comes next! Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?
Yahoo
32 minutes ago
- Yahoo
EnCap Investments LP Launches Quantica Infrastructure to Deliver Integrated, AI- and Hyperscale-Ready Site Infrastructure across North America
Unique Approach to New Data Center Siting through Integrated Development of Renewable Power, Real Estate, and Diverse Fiber-Ready Routing HOUSTON, July 28, 2025--(BUSINESS WIRE)--Quantica Infrastructure, LLC (Quantica) has officially launched, serving the need for integrated digital infrastructure solutions to accelerate data center development. Quantica delivers shovel-ready sites where customers benefit from a seamless integration of renewable energy, traditional grid power, and robust network connectivity—minimizing risk and simplifying deployment. Quantica believes that its holistic approach to data center development, alongside its focus on maximizing community and environmental benefits, provides a compelling value proposition for large data center clients. Quantica is backed by the Energy Transition arm of EnCap Investments LP (EnCap), a leading provider of growth capital to independent energy companies that has raised approximately $47 billion in private capital since its inception in 1988. Quantica has partnered with EnCap to solve critical infrastructure challenges for the digital economy. Nationwide, the shortage of ready-to-build sites is driving investment toward new markets to meet unprecedented demand. The Quantica model accelerates site selection, lowers risk, and speeds project delivery. "Hyperscale and AI growth are demanding better solutions for power, land, and network connectivity," says John Chesser, CEO and founder of Quantica Infrastructure. "Quantica unlocks new opportunities by delivering shovel-ready, network-ready sites with dedicated renewable energy and resilient power supplies, so our customers can focus on innovation, not infrastructure logistics." Quantica's leadership team brings deep experience in power, network, and data center development, having developed and operated over 15 GW of energy projects, built major campuses in 22 states for global tech companies, and constructed extensive regional and international networks. "Quantica's platform is the solution needed to break through current barriers to AI and digital infrastructure expansion," said Jim Hughes, Managing Partner of EnCap. "Quantica's unique platform offers us the opportunity to deploy capital in all aspects of the digital infrastructure economy – renewable power generation, real estate, and network. We are excited about the company's existing project pipeline as it rapidly scales with the tailwinds pushing the digital economy." About Quantica Infrastructure Quantica Infrastructure delivers integrated digital infrastructure solutions by combining land, sustainable power, and resilient network solutions for AI, hyperscale, and data center operators across the U.S. For more information, see About EnCap Investments Since 1988, EnCap Investments has been a leading provider of growth capital to the independent sector of the U.S. energy industry. The firm has raised 25 institutional investment funds totaling approximately $47 billion and currently manages capital on behalf of more than 350 U.S. and international investors. Founded in 2019, the EnCap Energy Transition platform is led by three Managing Partners, each with 30-35 years of experience in the development and operations of renewables and power generation. For more information, see View source version on Contacts Media Contact for Quantica Infrastructure: iMiller Public RelationsTel: +1.914.315.6424Email: quantica@ Sales Contacts for Quantica Infrastructure: Email: sales@ Media Contact for EnCap Investments LP: Morgan MoritzEmail: mmoritz@
Yahoo
32 minutes ago
- Yahoo
Singapore Pools Toto jackpot snowballs to $10m after no winner for 28 July
SINGAPORE — The latest Toto draw on 28 July ended without a Group 1 winner, snowballing the jackpot to an estimated $10 million for this Thursday's draw (31 July), according to Singapore Pools. The winning numbers on Monday evening were 2, 14, 16, 21, 36, and 47 while the additional number drawn was 1. Singapore Pools revealed that there were five Group 2 winners for today's (28 July) draw with each winning ticket securing a tidy $121,727. The five Group 2 winning tickets were sold at: 7-Eleven Store – Block 123 Bedok North Street 2 (1 QuickPick System 7 Entry) Singapore Pools Account Betting Service (1 QuickPick System 7 Entry) Singapore Pools – Block 446 Clementi Avenue 3 (1 QuickPick System 7 Entry) Singapore Pools – 62 Lorong 25A Geylang Road (1 QuickPick System 7 Entry) Singapore Pools Account Betting Service – (1 System 7 Entry) What is Toto? Toto was launched in 1968 as the first lottery game in the history of Singapore Pools. The game got its name from a combination of the words 'Totalisator' and 'Lotto'. The current format of Toto sees six winning numbers and one additional number drawn from 49 numbers (1 to 49) every Monday and Thursday. The jackpot sum begins from $1,000,000. A snowballing feature, which allows for the prize to increase if there are no winners, was introduced to the game in 1981. The System Entry option, where you can pay to be able to pick more numbers, was added later that year. What is the prize structure for Toto? Singapore Pools says that 54% of sales in each draw are added to the Toto prize pool. Your winnings from the pool is dependent on which prize group you land in after the draw reveals the winning numbers. Prize group Matching numbers Prize Group 1 (Jackpot) 6 winning numbers 38% of prize pool (Minimum guarantee of $1,000,000) Group 2 5 winning numbers + additional number 8% of prize pool Group 3 5 winning numbers 5.5% of prize pool Group 4 4 winning numbers + additional number 3% of prize pool Group 5 4 winning numbers $50 Group 6 3 winning numbers+ additional number $25 Group 7 3 winning numbers $10 What are the odds of winning Toto? The odds of winning the Toto jackpot (6 winning numbers) are one in almost 14 million, according to Singapore Pools. Prize group Matching numbers Odds of winning Group 1 6 winning numbers 1 in 13,983,816 Group 2 5 winning numbers+ additional number 1 in 2,330,636 Group 3 5 winning numbers 1 in 55,491 Group 4 4 winning numbers+ additional number 1 in 22,197 These figures are available on the Singapore Pools website. How do I calculate my Toto prize? Singapore Pools has a prize calculator for Toto which you can find here. How big can the Toto prize snowball to? The Group 1 prize amount will not snowball beyond the fourth consecutive draw. If there is no Group 1 winner at the end of four consecutive draws, the final jackpot amount (38% of the fourth draw's prize pool plus snowballed amount from the three preceding draws) cascades, i.e. it will be paid to the next prize group with winner(s) and shared equally. Prize amounts for Group 2, 3, and 4 will snowball until it is won. What are the largest jackpot prizes and winning shares in Toto history? Statistics from Singapore Pools includes lottery draws from 9 October 2014 onwards when Toto was updated to the current 6-out-of-49 format. According to their data, the biggest jackpot prize was $19,416,913 which was drawn on 11 February, 2022. The $19.4 million jackpot had eight winning shares which means the winning share amount worked out to over $2.4m each. A nice sum but nowhere close to the biggest winning shares in Toto history which came in at over $13m on two separate occasions. This happened first on 2 October in 2023 when a single winning share took home $13,077,918. In May last year, another lucky individual had the sole winning share of a very cool $13,123,509 jackpot. Help is available If you are facing stress due to gambling problems, the National Problem Gambling Helpline & Webchat are available daily from 8am to 11pm. Call 1800-6-668-668 or visit for support.
