Blockchain

NYSE files first SEC rule change on tokenization journey

The New York Stock Exchange (NYSE) has filed a rule change with the SEC to enable the trading of tokenized securities on its main order book. This closely mirrors a March Nasdaq rule change that allows stocks tokenized by the DTC to be traded in the same way as conventional stocks. This is one step in NYSE’s …

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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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UAE’s RAKBANK uses mBridge wholesale CBDC solution for Chinese payment

Image by Ledger Insights Earlier this week the UAE’s RAKBANK confirmed it made its first cross border payment using the mBridge platform. mBridge is multi-wholesale CBDC payment solution founded by the BIS Innovation Hub and the central banks of Thailand, Hong Kong, China and the UAE, with Saudi Arabia joining in June. In the same …

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Offchain Labs Launches Arbitrum Stylus for DApp Development

Arbitrum Stylus Revolutionizes DApp Development by Integrating Multiple Languages, Significantly Boosting Performance and Reducing Costs. Image by The Crypto Times Offchain Labs has launched Arbitrum Stylus, a new virtual machine designed to support development of decentralized applications (DApps) by expanding support for different programming languages. This innovation could significantly alter the Web3 environment by reducing …

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