tokenized

BlackRock expands tokenized money market fund BUIDL to five more blockchains

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 …

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Reserve Bank of Australia confirms new wholesale CBDC initiative

Image by Ledger Insights Today the Reserve Bank of Australia and the Australian Treasury published a report on work done so far on central bank digital currency (CBDC). As stated previously, they see no immediate need for a retail CBDC, despite the Australian cash transactions (13%) as a proportion of retail payments nearing Scandinavian levels. …

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41 institutions join BIS tokenized cross border payment Project Agorá

Image by Ledger Insights Today the Institute of International Finance (IIF) released the names of 41 firms selected to participate in the public – private tests of Project Agorá. It’s an ambitious project initiated by the BIS to modernize correspondent banking using a unified ledger, tokenized deposits and wholesale CBDC from seven central banks. One …

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Tokenized Apollo fund launched on 6 public blockchains

Image by Ledger Insights Today tokenization firm Securitize announced a partnership with alternative asset manager Apollo Global (AUM $512 billion) to tokenize one of its funds. Securitize is creating a new tokenized feeder fund for the Apollo Diversified Credit Securitize Fund (“ACRED”). The fund will be available on six blockchains following Securitize going live with …

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Visa Direct launches stablecoin payout pilot

Image by Ledger Insights Visa has unveiled its latest stablecoin related pilot involving Visa Direct payouts using the digital currency to gig workers or employees. Visa Direct is the card company’s payment system that uses its own network, which is especially useful for international transfers. Usually the payment is sent to the recipient’s Visa card, …

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Hong Kong confirms HK$10 billion digital green bond issuance

Image by Ledger Insights The Hong Kong Government announced the pricing of its third digital green bond issuance of HK$10 billion ($1.29 billion). Demand far exceeded supply, with the bond 13x oversubscribed. The digital bond issuance will be roughly in equal amounts in four currencies: HKD, RMB, USD and EUR. “The HKSAR Government’s third issuance …

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Mastercard and JPMorgan to Bring B2B payments on Blockchain

Image by The Crypto Times Mastercard (MA) has integrated its blockchain-based Multi-Token Network (MTN) with JPMorgan’s (JPM) newly rebranded digital assets platform, Kinexys (formerly JPM Coin), to improve business-to-business (B2B) cross-border payments. The collaboration aims to deliver greater transparency, faster settlements, and reduced time zone-related delays. Mastercard launched the MTN in mid-2023 as a platform …

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11 banks say Regulated Liability Network experiments for tokenized deposits were a success

Image by Ledger Insights UK Finance released the results of the experimentation phase of the Regulated Liability Network (RLN) which explores the potential for tokenized deposits and programmability. The banks involved were Barclays, Citi UK, HSBC UK, Lloyds Banking Group, Mastercard, NatWest, Nationwide, Santander UK, Standard Chartered, Virgin Money and Visa. The overall conclusion was …

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