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 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 In September the Korean press reported that the central bank was preparing for a tokenized deposit trial targeting around 100,000 people. It follows the Bank of Korea announcing formal plans for such a trial a year ago, in combination with a wholesale central bank digital currency (wCBDC) for interbank settlement. Yesterday …
Bank of Korea signs agreement with regulators for CBDC, tokenized deposit trials 查看全文 »
Image by Ledger Insights Today the Hong Kong Exchanges and Clearing (HKEX) announced plans to automate the creation and redemption of some exchange traded products (ETPs) in 2025. The new web based platform will use distributed ledger technology and smart contracts and is subject to regulatory approval. The aim is to boost efficiency and encourage …
HKEX to use smart contracts, DLT to automate ETP issuance, redemption 查看全文 »
Image by Ledger Insights After the U.S. government blocked Google from working with Chinese technology firm Huawei, it developed its own operating system, Harmony OS, which drops compatibility with Google’s Android. It previously announced plans to integrate with the digital yuan, but now it has done it, incorporating the central bank digital currency (CBDC) at …
Huawei mobile OS Harmony embeds digital yuan so don’t need CBDC app 查看全文 »
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 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 …
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 查看全文 »
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 …
$Trillion asset manager Schroders creates digital assets hub in Singapore 查看全文 »
