JPMorgan, DBS, Temasek bet big on Asia's blockchain race

Investors and Singapore regulator join efforts despite crypto headwinds

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The Monetary Authority of Singapore has been dabbling with blockchain technology on several fronts, including with JPMorgan, DBS and Marketnode. (Source photos by AP) 

TSUBASA SURUGA and DYLAN LOH, Nikkei staff writers

SINGAPORE -- Big banks and investors in Singapore are betting large on blockchain technology as a gateway to send money and trade assets more efficiently around the clock, even as the volatile cryptocurrency industry comes under intense scrutiny from regulators.

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