China’s Linklogis Partners XRPL, Philippines Blockchain Budget and More

Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment. Grab a green tea and watch this space.

Chinese fintech Linklogis joins XRPL’s expanding ecosystem while Philippine lawmakers advance blockchain transparency initiatives. As a whole, government adoption accelerates across APAC with strategic Bitcoin reserves and on-chain budget systems.

Chinese Fintech Linklogis Joins XRPL’s Growing RWA Ecosystem

Linklogis deploys trade finance applications on the XRP Ledger mainnet. The partnership targets faster cross-border settlements for global commerce. Integration aims to effectively tokenize supply chain real-world assets.

XRPL’s tokenized RWA volume surged 22.81%, reaching $305.8 million monthly. The network currently ranks ninth globally by RWA value. Recent partnerships span the Dubai real estate and Brazilian agribusiness sectors.

Linklogis processed $2.8 billion in cross-border assets last year. Future developments include stablecoin settlements and AI-enhanced trade finance. The collaboration strengthens XRPL’s enterprise adoption across multiple jurisdictions.

Founded in 2016 with backing from Tencent and other investors, Linklogis became China’s first listed supply-chain fintech in 2021. The company serves over 330,000 SMEs across 27 countries globally. Consequently, its asset scale exceeds RMB 1.5 trillion ($206 billion).

Philippine Senator Proposes Blockchain National Budget System

Philippine Senator Bam Aquino advocates placing the Philippines’ entire national budget on blockchain. The proposal would make every peso traceable to citizens, building upon the existing Department of Budget Management blockchain platform.

BayaniChain currently powers select government financial document recording systems. The platform uses Polygon’s Proof-of-Stake network for transparency. If realized, the Philippines could become the first country to have fully blockchain-based budget management.

Separately, Congressman Miguel Luis Villafuerte proposed acquiring 10,000 Bitcoin as a strategic reserve. The bill mandates a 20-year holding period with limited liquidation options, positioning Bitcoin alongside gold and foreign exchange reserves nationally.

BeInCrypto’s Asian Coverage

Former Coinbase CTO Balaji Srinivasan launches Network School in Malaysia, testing blockchain governance with 400 students.

Japanese auto parts maker Ikuyo invests $2 million in US stablecoin firm, stock soars.

Stablecoin card firm Rain raises $58 million from Samsung Next and Sapphire Ventures investors.

More Highlights

Trader White Whale battles MEXC over $3.1 million frozen funds, demanding in-person KYC verification.

Tiger Research forecasts Bitcoin could reach $190,000 in Q3 202,5 driven by institutional inflows.

Ethereum game Football.fun market cap jumps 10-fold to $65 million in two weeks.

Hedera’s stablecoin market cap plummets 30% signaling reduced network liquidity and HBAR decline risks.

Argentina’s opposition parties reactivate LIBRA investigation into President Milei amid new corruption scandals.