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 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, …
BIS hands over mBridge CBDC payment system, after BRICS controversy Read More »
Image by Ledger Insights State Street has appointed Vanessa Fernandes to head its Digital Asset Solutions team. She spent the last two years at BNY Mellon, but most of her career at the Itau Unibanco group, latterly as CEO of Itau Digital Assets in the United States. While at Itau, she was responsible for several …
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 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 …
UK opens applications for Digital Securities Sandbox Read More »
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 …
Citi, Fidelity Intl combine money market fund tokenization with FX swaps Read More »
Image by Ledger Insights The UK’s HM Treasury has confirmed plans to run a pilot for the issuance of digital gilts, UK government bonds, following leaked news earlier this week. The previous Conservative government had also planned to organize a pilot. It’s seen as an important step for UK capital markets, particularly as the UK …
UK government confirms digital gilts pilot. What’s the roadmap? 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 Five banks have been working with the Monetary Authority of Singapore (MAS) to flesh out its vision of the Global Layer One (GL1) blockchain, a public permissioned blockchain network that could form the foundation of numerous applications. The five institutions are BNY, Citi, J.P. Morgan, MUFG and Societe Generale-FORGE. They will …
Euroclear, HSBC join Singapore’s GL1 public permissioned blockchain initiative – Read More »
Today Japan’s Soramitsu announced a strategic partnership with the Nigerian Institute of Social and Economic Research (NISER), a government funded research body and think tank. The collaboration is for blockchain technology research and to develop skills and applications in Nigeria. Soramitsu is best known as the developer of Bakong, Cambodia’s very successful digital currency payment …
