Image by Ledger Insights Yesterday PayPal held its first investor day under new CEO Alex Chriss, where it briefly touched on its cryptocurrency activities. To date, the stablecoin has mainly been used within the crypto ecosystem, despite being available via the PayPal app and Venmo. PayPal intends to change that by rolling it out for …
PayPal plans to use stablecoin for merchant payments, mass payouts 查看全文 »
Image by Ledger Insights Today Euroclear announced a new initiative for tokenized collateral with DLT firm Digital Asset. Collateral mobility is viewed as one of the killer use cases for DLT and tokenization. One example is for margin requirements, where cash is often used to meet urgent needs. If non-cash assets are used, it takes too …
Euroclear launches tokenized collateral initiative with Digital Asset 查看全文 »
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 …
5TARS.io migrates to Concordium Blockchain to scale its Web3 Sports Gaming 查看全文 »
Image by Ledger Insights Last year the BIS Innovation Hubs in Europe and Singapore announced plans for Project Rialto to explore foreign exchange (FX) for retail cross border payments. Today the BIS published a work in progress paper outlining its plans, including the involvement of the central banks of France, Italy, Malaysia and Singapore. The …
BIS Project Rialto to explore DeFi style FX for retail cross border payments 查看全文 »
Image by Ledger Insights China Asset Management Hong Kong (ChinaAMC HK) is partnering with Standard Chartered to issue one of the first tokenized money market funds (MMFs) in Asia to target retail investors. It confirmed it has received approval from the Securities and Futures Commission (SFC). The tokenized fund, which aims to launch later this …
StanChart partners ChinaAMC for retail tokenized fund 查看全文 »
Image by Ledger Insights For some time there’s been talk of stablecoins replacing eurodollars, but the discussion has accelerated with the new Trump administration. In one of his executive orders, he promoted the idea of dollar stablecoins being used ‘worldwide’. It’s likely the motivation is more about increasing the stock of stablecoins to ramp up …
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 …
UBS trials blockchain for expanding digital gold reach geographically 查看全文 »
Image by Ledger Insights This coming Monday’s Eurogroup meeting will include a discussion about tokenization, DLT and central bank money for wholesale settlement, as well as the status of the retail digital euro. The Eurogroup is an informal body of economic and finance ministers that meet to discuss issues relating to the euro currency. Mr …
EU finance ministers to discuss tokenization, wholesale DLT settlement 查看全文 »
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 …
Ant International partners Standard Chartered, OCBC for blockchain settlement 查看全文 »
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 …
UBS Digital Cash piloted for blockchain-based multi-currency payments 查看全文 »
