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Euroclear, HSBC join Singapore’s GL1 public permissioned blockchain initiative –

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 …

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Bakong blockchain provider Soramitsu partners Nigerian public research body Image by Ledger Insights

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 …

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$Trillion asset manager Schroders creates digital assets hub in Singapore

Image by Ledger Insights Asset manager Schroders (AUM £758bn / $1 trillion) is setting up a digital assets center of excellence in Singapore after participating in the local Project Guardian tokenization sandbox. While Singapore has been at the forefront of digital asset and tokenization innovations, it’s notable that a UK headquartered entity would choose the …

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Amazon, Walmart mull stablecoin issuance – report

Image by Ledger Insights The Wall Street Journal reported today that Amazon and Walmart are exploring potentially issuing their own stablecoins, or failing that, using an existing one. A lot depends on the outcome of the GENIUS Act stablecoin legislation winding its way through the Senate. Another e-commerce giant mulling a digital currency is travel …

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Korean legislation plans to remove stablecoin oversight from central bank

Image by Ledger Insights Today the ruling Democratic Party of Korea introduced the Basic Digital Asset Act at a press conference. The draft legislation aims to allow non banks and payment providers to issue stablecoins, and also relaxes rules for crypto exchanges, enabling them to participate in lending and choose which tokens to list. Under …

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ECB consults on extending RTGS hours – could help DLT payments, digital euro

Image by Ledger Insights On Friday the European Central Bank launched a consultation on extending the hours of T2, its main real time gross settlement (RTGS) system. DLT payments and the digital euro are one of the considerations, although not the primary driver of the plans. T2 already operates 22.5 hours a day, but consumer …

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Pudgy Penguins To Launch PENGU Token on Solana Blockchain

Image by The Crypto Times The company itself will retain 11.48% of the token supply, also with similar vesting conditions. Pudgy Penguins, one of the most popular NFT projects, is launching its cryptocurrency called PENGU later this year. The announcement was made by the Pudgy Penguins team in a post on X on Thursday. The …

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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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Thai government plans Baht stablecoin backed by gov bonds

Image by Ledger Insights During a press conference yesterday Thailand’s Minister of Finance, Pichai Chunhavajira, discussed plans to issue a Thai Baht stablecoin backed by government bonds. The launch target is October. It follows previous reports of plans to use Bitcoin and cryptocurrencies as payments on the holiday island of Phuket. However, former prime minister …

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