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Euro stablecoins could drive more sovereign bond demand than you’d think

The European Central Bank published its latest Macroprudential Bulletin this week, featuring a series of articles on tokenization spanning tokenized money market funds through to stablecoins. One of the standout pieces explores how the growth of euro denominated stablecoins could affect euro area sovereign bond markets, and the findings challenge some intuitive assumptions. The most …

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SoFi, Mastercard partner on stablecoin settlement as Visa expands Bridge card program

SoFi Technologies has struck a deal with Mastercard to enable its SoFiUSD stablecoin as a settlement option across the card network, while Visa has separately expanded its stablecoin linked card partnership with Bridge, a Stripe company, with plans to reach over 100 countries by year end. SoFiUSD is issued by SoFi Bank, an OCC regulated …

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Ondo Finance inks deal for tokenized stocks with Clearstream, 360X

Ondo Finance has entered into an agreement with Deutsche Börse’s post-trade subsidiary Clearstream and its DLT Pilot Regime trading venue 360X in connection with Ondo tokenized stocks and ETFs. Ten of the most popular securities are now live for trading on 360X alongside Kraken’s xStocks which have been live for a couple of months. The …

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Hong Kong Advances Stablecoin Rules With First Licences

HKMA grants initial licences under new law, prioritising risk controls and limiting approvals as the stablecoin framework takes shape. Key Highlights HKMA issues its first stablecoin licences to HSBC and Anchorpoint Financial Limited, marking the rollout of its regulatory regime. Only 2 of 36 applicants were approved, reflecting a cautious approach with a focus on risk management and viable use …

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BIS report on AML uniformity: Who pays the price?

The false positive problem in anti mone y laundering (AML) enforcement rarely makes headlines. Yet for every criminal that AML procedures identify, they generate tens of thousands of alerts that disrupt, delay or block entirely legitimate transactions. As SEC Commissioner Hester Peirce has observed, “the sledgehammer has become the tool of choice for monitoring for financial …

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Standard Chartered appoints JP Morgan’s Kinexys co-head to lead payments

Standard Chartered has appointed Naveen Mallela as Global Head of Payments, effective 4 May. He will be based in Singapore and report to Mahesh Kini, Global Head of Cash Management. The role consolidates the bank’s Collections, Clearing and Payments teams into a single organization, reflecting growing client demand for end-to-end solutions across both traditional and on-chain …

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Image by The Crypto Times Image by Ledger Insights

StanChart to be custodian, settlement agent for TP ICAP’s Fusion Digital Assets Standard Chartered has been appointed as digital asset custodian and settlement agent for TP ICAP’s Fusion Digital Assets platform, marking a significant operational step forward from the two firms’ initial collaboration announced in October 2024. That earlier announcement established connectivity between the two businesses, allowing …

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Digital euro wins 420-158 backing in EU Parliament straw poll as right divides

Today the European Parliament held a vote on the European Central Bank’s (ECB’s) annual report. Two of the amendments added to the report shortly before the vote involved support for the digital euro (as first reported by EuroNews), effectively providing an indicative vote on the central bank digital currency, given legislative negotiations are ongoing. The result was …

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Bank of Japan starts exploring wholesale CBDC

For years the Bank of Japan has operated a retail CBDC research initiative with seven working groups and 64 companies involved. That research has continued despite comments last year that there’s no need for a launch. In early February this year, as part of the ongoing CBDC Forum, central bank director Kazushige Kamiyama said that the …

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