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Fed Considers New Account Model for Fintech and Stablecoin Access

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 …

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HKEX to use smart contracts, DLT to automate ETP issuance, redemption

Image by Ledger Insights Today the Hong Kong Exchanges and Clearing (HKEX) announced plans to automate the creation and redemption of some exchange traded products (ETPs) in 2025. The new web based platform will use distributed ledger technology and smart contracts and is subject to regulatory approval. The aim is to boost efficiency and encourage …

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Huawei mobile OS Harmony embeds digital yuan so don’t need CBDC app

Image by Ledger Insights After the U.S. government blocked Google from working with Chinese technology firm Huawei, it developed its own operating system, Harmony OS, which drops compatibility with Google’s Android. It previously announced plans to integrate with the digital yuan, but now it has done it, incorporating the central bank digital currency (CBDC) at …

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Nigeria’s President Urges Judges to Learn Blockchain to Fight Crimes

Image by The Crypto Times Nigerian President Bola Ahmed Tinubu, has asked the judges to learn about blockchain, cryptocurrency, and new digital systems so they can tackle modern financial crimes better. During his speech at the at the Economic and Financial Crimes Commission (EFCC)–National Judicial Institute (NJI) Workshop for Justices and Judges in Abuja, Nigeria …

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Deutsche Bank, UBS settle tokenized deposit payments in Bundesbank Trigger solution experiment

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 …

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BIS hands over mBridge CBDC payment system, after BRICS controversy

Image by Ledger Insights The Bank for International Settlements (BIS) has been involved with the mBridge cross border CBDC payment system for four years. Today the General Manager of the BIS, Agustín Carstens, said the project has been handed over to the central banks. They are the central banks of China, Hong Kong, Saudi Arabia, …

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ANZ joins Project Guardian for blockchain interoperability

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. …

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UK opens applications for Digital Securities Sandbox

Image by Ledger Insights In January new legislation came into force in the UK supporting a five year Digital Securities Sandbox (DSS) which temporarily relaxes some legal requirements to explore new technologies including DLT experimentation. Today the Bank of England and Financial Conduct Authority (FCA) opened applications for the sandbox. In traditional markets, trading is …

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Citi, Fidelity Intl combine money market fund tokenization with FX swaps

Image by Ledger Insights As part of Singapore’s Project Guardian which explores tokenization, Citi and Fidelity International have developed a solution that combines a tokenized money market fund (MMF) with an embedded digital FX swap. Conventionally, if an institution outside of the United States wants to buy a US dollar MMF, that involves currency risks. They …

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