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Digital euro wins 420-158 backing in EU Parliament straw poll as right divides

Today the European Parliament held a vote on the European Central Bank’s (ECB’s) annual report. Two of the amendments added to the report shortly before the vote involved support for the digital euro (as first reported by EuroNews), effectively providing an indicative vote on the central bank digital currency, given legislative negotiations are ongoing. The result was …

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Bank of Japan starts exploring wholesale CBDC

For years the Bank of Japan has operated a retail CBDC research initiative with seven working groups and 64 companies involved. That research has continued despite comments last year that there’s no need for a launch. In early February this year, as part of the ongoing CBDC Forum, central bank director Kazushige Kamiyama said that the …

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Doha Bank issues $150 million digital bond

Doha Bank has issued a $150 million Digitally Native Note (DNN) on Euroclear’s D-FMI distributed ledger platform, marking one of the first digital bonds listed on the London Stock Exchange’s International Securities Market. The floating rate note achieved same-day settlement. Standard Chartered acted as sole global coordinator and sole arranger for the transaction, with South …

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Standard Chartered launches tokenized deposit solution with Ant International

Image by Ledger Insights Standard Chartered’s Hong Kong and Singapore subsidiaries today announced Today Standard Chartered in Hong Kong and Singapore announced the launch of tokenized deposit solutions through an integration with Ant International’s blockchain treasury platform Whale. While the bank first announced the collaboration a year ago, this marks the move from pilot to production. Between …

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Standard Chartered, Coinbase expand digital asset partnership

Image by Ledger Insights Standard Chartered announced today that it is expanding its partnership with Coinbase to explore the development of digital asset trading, prime services, custody, staking and lending solutions for institutional clients. The collaboration builds on an existing banking relationship in which Standard Chartered enables real time SGD transfers for Coinbase customers. Margaret Harwood-Jones, Global …

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 ECB plans mid 2027 digital euro pilots

Image by Ledger Insights During a meeting at the Italian banker’s association ABI, European Central Bank (ECB) Executive Board member Piero Cipollone revealed a few new details about the digital euro. Firstly, a pilot is planned for mid 2027, provided the central bank digital currency (CBDC) gets the regulatory go ahead this year. It’s unclear whether …

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StanChart forms JV for HK stablecoin with HK Telecom, Animoca Brands

Image by Ledger Insights Last July Standard Chartered Bank Hong Kong announced a collaboration with Hong Kong Telecom (HKT) and web3 firm Animoca Brands to explore stablecoin issuance as part of a Hong Kong sandbox. Now the bank says it is creating a joint venture with the same partners in order to apply for a license …

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ECB responds to market calls for permanent wholesale CBDC including from Deutsche Börse

Image by Ledger Insights As part of a recent Deutsche Börse paper on the European capital markets union, the company called for a permanent wholesale CBDC (wCBDC). This follows a series of wholesale DLT settlement trials that ended last November. Twice during the last couple of weeks, ECB Director Piero Cipollone has stated that a short …

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StanChart partners stablecoin issuer StraitsX

Image by Ledger Insights Standard Chartered has partnered with Singapore stablecoin issuer StraitsX to provide cash management and custody services for two of its stablecoins in Singapore dollars and US dollars. StraitsX provides the most popular Singapore dollar stablecoin XSGD and has been involved in numerous trials run by the Monetary Authority of Singapore (MAS), including …

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Circle exec’s Korean visit: no plans to issue a won stablecoin

Image by Ledger Insights During the past week Circle’s President Heath Tarbert visited Korea and held meetings with the central bank and big four commercial banks, KB Kookmin, Shinhan, Hana and Woori. Multiple news outlets reported that Circle has no intention of participating in the issuance of a won stablecoin. Instead, Mr Tarbert aimed to …

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