Blockchain

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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Standard Chartered launches tokenized deposit solution with Ant International

Image by Ledger Insights Standard Chartered’s Hong Kong and Singapore subsidiaries today announced Today Standard Chartered in Hong Kong and Singapore announced the launch of tokenized deposit solutions through an integration with Ant International’s blockchain treasury platform Whale. While the bank first announced the collaboration a year ago, this marks the move from pilot to production. Between …

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Stock exchange NPEX partners Tether backed stablecoin firm Quantoz Payments

Image by Ledger Insights Three organizations based in the Netherlands are collaborating on the issuance of a MiCAR compliant euro stablecoin, EURQ. Technically, it’s an ‘electronic money token’ (EMT). Stablecoin firm Quantoz Payments is partnering EU multilateral trading facility NPEX and its blockchain partner Dusk, aiming to support regulated finance on the Dusk blockchain. EURQ already …

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State Street’s tokenization partner floats private token standard for public blockchains

Image by Ledger Insights Taurus, the tokenization and digital asset custody technology firm, has unveiled a new open source standard for private token transactions on permissionless blockchains. It developed the open source standard for smart contracts in association with the Aztec Foundation that oversees the Layer 2 blockchain protocol, which uses zero knowledge proofs (ZKP) …

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Thailand plans $148m tokenized government bond issuance by October

Image by Ledger Insights Last week Thailand’s Finance Minister Pichai Chunhavajira said the government plans to issue Baht 5 billion ($148m) in government bonds directly to the public by the end of the fiscal year (September 30). The initial issuance will be treated as a sandbox project and tradable on a digital bond platform, perhaps …

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SocGen FORGE to expand stablecoin to Stellar blockchain

Image by Ledger Insights Societe Generale FORGE (SG-FORCE) said it plans to introduce its MiCAR compliant stablecoin EURCV to the Stellar blockchain. The stablecoin was first launched on Ethereum, which remains the sole blockchain so far. However, it also plans to issue on Solana and the XRP Ledger. “Our upcoming integration with Stellar represents a …

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5TARS.io migrates to Concordium Blockchain to scale its Web3 Sports Gaming

Image by The Crypto Times 5TARS.io, a Dubai based web3 sports fantasy gaming platform, is migrating to Concordium, a public blockchain platform, to access its Layer 1 scalable infrastructure to host its popular Web3 games. The move will see popular games like 5TARS Football game ported to Concordium, the new home for all its future releases. The …

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UBS trials blockchain for expanding digital gold reach geographically

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 …

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Ant International partners Standard Chartered, OCBC for blockchain settlement

Image by Ledger Insights Today Ant International made two Singapore announcements about its blockchain-based Whale platform for international treasury management. Standard Chartered integrated with Whale to provide instant and 24/7 liquidity in Singapore dollars. Plus, Ant signed a deal with OCBC bank to enable 24/7 real-time payments between Singapore and Malaysia. Ant has two goals …

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UBS Digital Cash piloted for blockchain-based multi-currency payments

Image by Ledger Insights UBS is the latest bank to launch a blockchain based solution targeted at corporates and institutions. Given there are often delays with cross border payments, the appeal is the ability to instantly move money between different UBS branches dotted around the world. So far it has piloted domestic transactions and international payments in …

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