Singapore-based Alchemy Pay plans to launch a Web3 bank this year, pending approval for an Authorised Payment Institution license from UK authorities. The proposed Web3 bank accounts will support both enterprises and retail users and offer accounts in euros and US dollars. Alchemy Pay currently provides fiat-to-crypto on-ramping and payment solutions in 173 countries.

In other news, anime avatar NFT collection Milady has seen its floor price double to $19,000 each, with over 3,339 Ether worth of Milady NFTs traded recently. Hong Kong Monetary Authority has also greenlit the regulated development of tokenized assets in the city through a new initiative called Project Ensemble.