Image by Ledger Insights Today Euroclear announced a new initiative for tokenized collateral with DLT firm Digital Asset. Collateral mobility is viewed as one of the killer use cases for DLT and tokenization. One example is for margin requirements, where cash is often used to meet urgent needs. If non-cash assets are used, it takes too …
Euroclear launches tokenized collateral initiative with Digital Asset Read More »
Image by Ledger Insights China Asset Management Hong Kong (ChinaAMC HK) is partnering with Standard Chartered to issue one of the first tokenized money market funds (MMFs) in Asia to target retail investors. It confirmed it has received approval from the Securities and Futures Commission (SFC). The tokenized fund, which aims to launch later this …
StanChart partners ChinaAMC for retail tokenized fund Read More »
Image by Ledger Insights UBS offers Swiss retail and wealth clients the ability to make fractional gold investments through its UBS key4 gold product. It is managed using a permissioned blockchain, the UBS Gold Network, but now the bank wants to explore making the offering available outside of Switzerland. Hence, it ran a proof of …
UBS trials blockchain for expanding digital gold reach geographically Read More »
Image by Ledger Insights In September the Korean press reported that the central bank was preparing for a tokenized deposit trial targeting around 100,000 people. It follows the Bank of Korea announcing formal plans for such a trial a year ago, in combination with a wholesale central bank digital currency (wCBDC) for interbank settlement. Yesterday …
Bank of Korea signs agreement with regulators for CBDC, tokenized deposit trials Read More »
Image by The Crypto Times HKMA’s Howard Lee says the initiative will drive digital innovation in cargo trade a Key Highlights Hong Kong and Shanghai launch a blockchainhub to simplify shipping and link trade data globally. The platform boosts trade finance efficiency and supports tokenizedassets and stablecoin growth. Hong Kong’s clear rules and safeguards create …
Hong Kong Links Shanghai Trade Data via New Blockchain Hub Read More »
Image by The Crypto Times At the Federal Reserve’s Payments Innovation Conference on Tuesday, Governor Chris Waller announced plans for a new category of limited-access “skinny master accounts,” according to former Fox Business journalist Eleanor Terrett. The framework would allow all legally eligible institutions, including fintech firms, stablecoin issuers, and crypto custodians, to connect directly …
Fed Considers New Account Model for Fintech and Stablecoin Access Read More »
Image by Ledger Insights Last week UBS said it was piloting UBS Digital Cash, a blockchain-based solution for multi-currency payments that allows clients to move money between UBS branches around the world instantly. That works for intrabank payments, but what if the recipient is at a different bank? Today UBS and Deutsche Bank announced they …
Image by Ledger Insights Yesterday Australian bank ANZ said it has joined Project Guardian, the Monetary Authority of Singapore’s (MAS) initiative exploring asset tokenization. The bank’s goal is to explore blockchain interoperability between private blockchains. ANZ’s partners in the project are ADDX, the Singapore tokenized asset marketplace, and Chainlink which has its CCIP interoperability solution. …
ANZ joins Project Guardian for blockchain interoperability Read More »
Image by Ledger Insights Today Securitize, BlackRock’s tokenization partner, announced that BlackRock’s money market fund, BUIDL, is now available on five additional blockchains. It launched in March on Ethereum and has now expanded to Aptos, Arbitrum, Avalanche, Optimism’s OP Mainnet, and Polygon. BUIDL is the largest tokenized money market fund on a public blockchain with a market …
BlackRock expands tokenized money market fund BUIDL to five more blockchains Read More »
Image by Ledger Insights Today the Reserve Bank of Australia and the Australian Treasury published a report on work done so far on central bank digital currency (CBDC). As stated previously, they see no immediate need for a retail CBDC, despite the Australian cash transactions (13%) as a proportion of retail payments nearing Scandinavian levels. …
Reserve Bank of Australia confirms new wholesale CBDC initiative Read More »
