- Singapore investor and former parliamentarian Calvin Cheng's newly rebranded Swiss company, Anchored Coins, was granted membership in the Swiss VQF in early 2023.
- VQF is the largest and oldest cross-industry self-regulatory organisation in Switzerland and is officially recognised by FINMA, the country's financial services watchdog.
- Anchored Coins is launching a Swiss Franc-backed stablecoin (ACHF) and a Euro-backed stablecoin (AEUR), and will be issued on the Ethereum and BNB Chain blockchains.
- DCS Card Centre in Singapore is planning to issue credit cards collateralised by AEUR and ACHF.

- Members will get access to the XelebX club through tradable NFTs
- XelebX will launch with a community of 200+ million existing fans across the Eros ecosystem

- Ex-Singapore Parliamentarian Calvin Cheng forms the first regulated non-fungible token (NFT) and fan token investment holding company in Dubai.
- The Dubai Virtual Asset Regulatory Authority (VARA) has granted the company a provisional license to operate under full regulatory supervision alongside Binance, FTX, Crypto.com and Bybit.
- The holding company, through its portfolio companies AmberX and Celeb X, will offer exclusive membership access to lifestyle and entertainment lounges, and celebrities, via NFT and fan token system.
- Dubai's seamless integration of cryptocurrency and virtual assets have become increasingly attractive to investors, specifically due to focus on prudent regulatory guard-rails.