The New York Stock Exchange (NYSE) has filed a rule change with the SEC to enable the trading of tokenized securities on its main order book. This closely mirrors a March Nasdaq rule change that allows stocks tokenized by the DTC to be traded in the same way as conventional stocks. This is one step in NYSE’s …
NYSE files first SEC rule change on tokenization journey Read More »
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 …
Hong Kong Advances Stablecoin Rules With First Licences Read More »
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 …
BIS report on AML uniformity: Who pays the price? Read More »
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 …
Standard Chartered appoints JP Morgan’s Kinexys co-head to lead payments Read More »
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 …
Image by The Crypto Times Image by Ledger Insights Read More »
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 …
Digital euro wins 420-158 backing in EU Parliament straw poll as right divides Read More »
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 …
Image by Ledger Insights During a meeting at the Italian banker’s association ABI, European Central Bank (ECB) Executive Board member Piero Cipollone revealed a few new details about the digital euro. Firstly, a pilot is planned for mid 2027, provided the central bank digital currency (CBDC) gets the regulatory go ahead this year. It’s unclear whether …
Image by Ledger Insights Last July Standard Chartered Bank Hong Kong announced a collaboration with Hong Kong Telecom (HKT) and web3 firm Animoca Brands to explore stablecoin issuance as part of a Hong Kong sandbox. Now the bank says it is creating a joint venture with the same partners in order to apply for a license …
StanChart forms JV for HK stablecoin with HK Telecom, Animoca Brands Read More »
Image by Ledger Insights As part of a recent Deutsche Börse paper on the European capital markets union, the company called for a permanent wholesale CBDC (wCBDC). This follows a series of wholesale DLT settlement trials that ended last November. Twice during the last couple of weeks, ECB Director Piero Cipollone has stated that a short …
ECB responds to market calls for permanent wholesale CBDC including from Deutsche Börse Read More »
