Darryl Yu

1 week ago | theasset.com | Darryl Yu

Estimated to have a global market capitalization of around US$200 billion, according to data from CryptoQuant, stablecoins have grown in prominence in recent years, with users seeing the asset class as a balanced position between decentralized finance and traditional finance. Unlike Bitcoin or Ethereum, stablecoins are a subclass of cryptocurrency designed to maintain a stable value relative to a specific asset such as US dollar, gold, or a basket of assets.

2 weeks ago | theasset.com | Darryl Yu

Despite ongoing economic uncertainties and geopolitical tensions, the Islamic finance industry is predicted to grow significantly in the coming years. That's according to a recent Standard Chartered report, which expects the size of the market to reach US$7.9 trillion by 2028. The market was valued at around US$5.5 trillion last year, up 43% from 2020. The industry has gained momentum amid increased awareness of Shariah-compliant products and a growing focus on ethical finance.

Jan 22, 2025 | theasset.com | Darryl Yu

Industry veteran Okan Pekin has resigned as Citi's global head of securities services. It is unclear why he decided to leave but industry sources suggest he may be aiming to pursue other opportunities. He is expected to stay in his role until the end of March 2025. Citi has been pursuing an aggressive strategy to trim costs, simplify operations, and meet returns objectives.

Nov 18, 2024 | theasset.com | Darryl Yu

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Oct 28, 2024 | theasset.com | Darryl Yu

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