🚀 BNPP AM Launches Tokenized Money Market Fund Shares for Cross-Border Transactions
#BNPParibas #TokenizedAssets #MoneyMarketFund #CrossBorderTransactions #DistributedLedgerTechnology #FinancialInnovation #Blockchain
According to PANews, BNP Paribas Asset Management (BNPP AM) has announced the launch of native tokenized money market fund shares to test cross-border transactions using distributed ledger technology (DLT). This initiative involves collaboration with Allfunds Blockchain, the technology provider, and BNP Paribas Securities Services, which offers transfer agency and fund dealing services.#BNPParibas #TokenizedAssets #MoneyMarketFund #CrossBorderTransactions #DistributedLedgerTechnology #FinancialInnovation #Blockchain
🚀 Japan's Central Bank Explores Digital Yen Integration with Emerging Technologies
#Japan #CentralBank #DigitalYen #CBDC #EmergingTechnologies #DistributedLedgerTechnology #Blockchain #Layer2 #KazushigeKamiyama
According to Odaily, the Bank of Japan has released the second progress report on its Digital Yen pilot program. The report reveals that a working group is examining how central bank digital currencies (CBDCs) can integrate with emerging technologies like distributed ledger technology (DLT). As part of this exploration, researchers are considering deploying CBDCs on public blockchains. Although this approach is currently deemed unfeasible, future developments may involve adopting more controlled Layer 2 blockchain solutions.
Notably, shortly after the report's release, Kazushige Kamiyama, an executive member of the Bank of Japan, stated that there are no immediate plans for issuing a central bank digital currency.#Japan #CentralBank #DigitalYen #CBDC #EmergingTechnologies #DistributedLedgerTechnology #Blockchain #Layer2 #KazushigeKamiyama
🚀 Financial Lobby Groups Urge Reevaluation of Upcoming Crypto Banking Regulations
#FinancialLobby #CryptoBanking #Regulations #BaselCommittee #DistributedLedgerTechnology #DigitalAssets #Policymakers #Reassessment
According to BlockBeats, major global financial lobbying groups have called on regulators to halt the impending implementation of new regulations concerning banks' cryptocurrency operations. They are urging a reassessment of measures they deem excessively stringent.
In a joint letter addressed to the Basel Committee on Banking Supervision, these industry associations emphasized the need for policymakers to "seek the latest information" to understand the use cases of distributed ledger technology that underpins digital assets. They suggest that before formally adopting the related standards in 2026, there should be "appropriate redesign and recalibration."#FinancialLobby #CryptoBanking #Regulations #BaselCommittee #DistributedLedgerTechnology #DigitalAssets #Policymakers #Reassessment
🚀 Stuttgart Stock Exchange Launches Blockchain-Based Settlement Platform
#StuttgartStockExchange #Seturion #Blockchain #DLT #DistributedLedgerTechnology #SettlementPlatform #PostTrade #TokenizedAssets #PanEuropean #BXDigital #FINMA
According to Foresight News, the Stuttgart Stock Exchange has introduced a blockchain-based pan-European settlement platform named Seturion. This initiative aims to streamline the fragmented post-trade systems for tokenized assets and reduce settlement costs by up to 90%. The platform is accessible to banks, brokers, traditional and digital exchanges, as well as tokenization platforms. It is currently operational on the BX Digital platform, which is regulated by the Swiss Financial Market Supervisory Authority (FINMA) and utilizes distributed ledger technology (DLT).#StuttgartStockExchange #Seturion #Blockchain #DLT #DistributedLedgerTechnology #SettlementPlatform #PostTrade #TokenizedAssets #PanEuropean #BXDigital #FINMA
🚀 Indonesia to Launch Digital Rupiah by 2030
#Indonesia #digitalrupiah #RupiahDigital #BankofIndonesia #SRBI #paymentSystem #distributedledgertechnology #monetaryoperations #financialmarkettransactions #tokenization #programmability #composability #2030
According to PANews, the Bank of Indonesia is set to introduce a digital version of the Indonesian rupiah, known as Rupiah Digital, as part of its Sekuritas Rupiah Bank Indonesia (SRBI) initiative. The rollout is planned to occur in phases, with completion targeted by 2030.
The central bank's strategy involves a gradual implementation, beginning with trials for digital securities issuance, transfers, and withdrawals between 2025 and 2026. Further testing will take place from 2027 to 2028, focusing on monetary operations and financial market transactions. Advanced features such as programmability, composability, and tokenization are expected to be introduced between 2029 and 2030.
The digital rupiah will be built on distributed ledger technology, as outlined in the Bank of Indonesia's 2030 Payment System Blueprint.#Indonesia #digitalrupiah #RupiahDigital #BankofIndonesia #SRBI #paymentSystem #distributedledgertechnology #monetaryoperations #financialmarkettransactions #tokenization #programmability #composability #2030
🚀 South Korea Advances Token Securities Issuance with Legislative Amendments
#SouthKorea #TokenSecurities #STO #Blockchain #ElectronicSecurities #CapitalMarkets #LegislativeAmendments #DistributedLedgerTechnology #InvestmentPlatforms #Regulation #RealEstate #Art #MusicCopyright
According to Foresight News, South Korea is moving forward with the institutionalization of token securities issuance (STO) through amendments to the Electronic Securities Act and the Capital Markets Act. These amendments have been approved by the National Assembly's Political Affairs Committee Bill Review Subcommittee, laying the groundwork for the STO circulation market to open in the first half of next year.
The amendments aim to officially incorporate blockchain distributed ledger technology into the electronic registration system, allowing issuers to register and manage token securities based on distributed ledger technology as electronic securities. Additionally, the amendments will bring small-scale over-the-counter trading platforms for investment contract securities and non-monetary trust income securities under regulation, providing a basis for the legal operation of fragmented investment exchanges.
If the bill is passed in the National Assembly's plenary session next month, the tokenization and circulation of various physical assets, including real estate, artwork, and music copyrights, will be able to proceed within a regulatory framework.#SouthKorea #TokenSecurities #STO #Blockchain #ElectronicSecurities #CapitalMarkets #LegislativeAmendments #DistributedLedgerTechnology #InvestmentPlatforms #Regulation #RealEstate #Art #MusicCopyright
🚀 Swiss Banks Achieve Real-Time Settlement with Distributed Ledger Technology
#SwissBanks #RealTimeSettlement #DistributedLedgerTechnology #AminaBank #DeutscheBörse #CryptoFinanceGroup #GoogleCloud #UniversalLedger #FiatCurrencySettlement #Blockchain #CrossBorderPayments #FinancialInnovation #RegulatoryCompliance #POSIntegration #FinancialStability
According to PANews, Swiss compliant crypto bank Amina Bank and Deutsche Börse's Crypto Finance Group have successfully completed a real-time fiat currency settlement pilot on Google's Universal Ledger. This initiative enables 24/7 instant settlements while maintaining full compliance throughout the process. The pilot demonstrated the modernization potential of distributed ledger technology (DLT) in scenarios such as cross-border payments, multi-currency settlements, and POS systems, with all participating banks adhering to existing regulatory frameworks.
Amina Bank's CEO highlighted that the pilot proves that technological innovation can coexist with financial stability, offering a practical model for transforming the global financial system. As the currency operator for the pilot, Crypto Finance Group was responsible for setting transaction rules and overseeing compliance processes. A Google Cloud executive noted that this infrastructure can be integrated into banks' core systems to provide near real-time payment services to customers. The next phase of the pilot will expand into consumer POS integration and cross-border payment sectors.#SwissBanks #RealTimeSettlement #DistributedLedgerTechnology #AminaBank #DeutscheBörse #CryptoFinanceGroup #GoogleCloud #UniversalLedger #FiatCurrencySettlement #Blockchain #CrossBorderPayments #FinancialInnovation #RegulatoryCompliance #POSIntegration #FinancialStability
🚀 Swiss Banks Complete DLT Pilot for Real-Time Settlements
#SwissBanks #DLT #RealTimeSettlements #CryptoBank #GoogleCloud #DistributedLedgerTechnology #CryptoFinanceGroup #FiatCurrency #BankingInnovation #Blockchain #CrossBorderPayments #MultiCurrencySettlements #POSPayments #Web3 #TraditionalBanking #FinancialSystemTransformation
According to ChainCatcher, Swiss crypto bank Amina Bank, in collaboration with Crypto Finance Group and its partner banks, has successfully completed a distributed ledger technology (DLT) pilot using Google Cloud Universal Ledger. This initiative enables near real-time, 24/7 fiat currency settlements between Swiss regulated banks.
The pilot did not introduce any new digital currencies but continued to use traditional commercial bank funds. This demonstrates that DLT technology can seamlessly integrate with traditional banking systems within existing regulatory and compliance frameworks. Officials stated that this achievement lays the groundwork for future advancements in 'cross-border payments,' 'multi-currency settlements,' and 'point-of-sale (POS) integrated payments,' indicating a potential transformation of the traditional financial system towards Web3 and blockchain infrastructure.#SwissBanks #DLT #RealTimeSettlements #CryptoBank #GoogleCloud #DistributedLedgerTechnology #CryptoFinanceGroup #FiatCurrency #BankingInnovation #Blockchain #CrossBorderPayments #MultiCurrencySettlements #POSPayments #Web3 #TraditionalBanking #FinancialSystemTransformation
🚀 EU Proposes Enhanced Regulatory Powers for Market Oversight
#EU #regulatorypowers #marketoversight #ESMA #cryptocurrency #financialregulation #securities #centralbank #distributedledgertechnology #EUproposal #marketcentralization #EUbudget #cryptoserviceproviders #financialservices #EUparliament #cyprus
According to PANews, the European Union's executive body has unveiled a proposal to transfer more regulatory and enforcement authority to its market oversight agency, sparking a debate among national regulators about ceding power to Brussels. The proposal, announced on Thursday, suggests granting the Paris-based European Securities and Markets Authority (ESMA) new powers over significant clearinghouses, central securities depositories, and trading venues. Less than a year after introducing a national regulatory framework for cryptocurrency companies, these entities and pan-European market operators are now included under ESMA's jurisdiction. The centralization of most market regulatory powers within the EU requires approval from both the European Parliament and the Council of Member States, with some member countries strongly opposing the move.
The proposal aims to bolster ESMA's authority and resources, establishing a board of five independent members with terms of up to five years. The EU budget will cover preparatory costs, while trading venues, central securities depositories, and crypto asset service providers will bear ongoing expenses. To streamline European market operations, the European Commission plans to amend legislation, limiting member states from imposing additional requirements on securities issuers, simplifying licensing processes to enhance cross-border central securities depository services, and integrating distributed ledger technology into the regulatory framework. Negotiations on this comprehensive plan are set to begin in January, with Cyprus assuming the rotating presidency of the EU Council at that time.#EU #regulatorypowers #marketoversight #ESMA #cryptocurrency #financialregulation #securities #centralbank #distributedledgertechnology #EUproposal #marketcentralization #EUbudget #cryptoserviceproviders #financialservices #EUparliament #cyprus
🚀 Doha Bank Issues $150 Million Digital Bond with Instant Settlement
#DohaBank #DigitalBond #InstantSettlement #Euroclear #DistributedLedgerTechnology #DLT #LondonStockExchange #CapitalMarkets #TokenizedDebt #StandardCharteredBank #SoleGlobalCoordinator
According to BlockBeats, Doha Bank has successfully issued a $150 million digital bond, achieving instant settlement through Euroclear's distributed ledger technology (DLT) infrastructure. The bond is now listed on the London Stock Exchange's International Securities Market. Standard Chartered Bank served as the sole global coordinator and arranger for this transaction.
This issuance highlights the preference for regulated DLT systems over public blockchains as the primary infrastructure for institutional tokenized debt. Euroclear's DLT platform is specifically designed for regulated capital markets, offering controlled access, legal finality, and integration with existing custody and settlement systems.#DohaBank #DigitalBond #InstantSettlement #Euroclear #DistributedLedgerTechnology #DLT #LondonStockExchange #CapitalMarkets #TokenizedDebt #StandardCharteredBank #SoleGlobalCoordinator
🚀 Axiology Secures €5 Million in Seed Funding for Distributed Ledger Technology
#Axiology #SeedFunding #DistributedLedgerTechnology #ExponentialScience #e2vc #CoinvestCapital #TIBASVentures #PlugAndPlay #BSVVentures #NGLVentures #ForesightNews
Axiology, a European distributed ledger technology pilot company, has announced the completion of a €5 million seed funding round. According to Foresight News, the round was led by Exponential Science, e2vc, and Coinvest Capital. New investors TIBAS Ventures and Plug and Play joined existing investors such as BSV Ventures and NGL Ventures, bringing the total funding to €7 million.#Axiology #SeedFunding #DistributedLedgerTechnology #ExponentialScience #e2vc #CoinvestCapital #TIBASVentures #PlugAndPlay #BSVVentures #NGLVentures #ForesightNews
🚀 Hong Kong Monetary Authority Unveils Fintech Promotion Blueprint
#HongKongMonetaryAuthority #FintechPromotion #BankingSector #PostQuantumCryptography #AI #DistributedLedgerTechnology #Cybersecurity #Fintech #BankingInnovation #QualificationDevelopment
The Hong Kong Monetary Authority has announced the release of a fintech promotion blueprint, which includes four flagship projects. According to Odaily, the initiatives aim to enhance the banking sector's capabilities in various technological areas.
The first project, the Quantum Readiness Index, will assess the banking industry's preparedness in the field of post-quantum cryptography (PQC). The second initiative involves a new risk data strategy designed to leverage the potential of AI and distributed ledger technology (DLT) for advanced applications, thereby strengthening data management capabilities in the banking sector.
The third project focuses on establishing a fintech cybersecurity benchmark, concentrating on the application of emerging technologies like AI and DLT. This aims to provide clear security guidelines for collaborations between fintech companies and banks.
Lastly, the blueprint includes a qualification development support initiative, which will help professionals better understand the skills required to integrate AI and DLT into the next generation of financial products and services.#HongKongMonetaryAuthority #FintechPromotion #BankingSector #PostQuantumCryptography #AI #DistributedLedgerTechnology #Cybersecurity #Fintech #BankingInnovation #QualificationDevelopment
🚀 EU Digital Asset Firms Warn of Losing Blockchain Market Lead to U.S.
#EU #DigitalAsset #Blockchain #CapitalMarkets #US #DistributedLedgerTechnology #CME #NYSE #Nasdaq #Regulation #Securitize #21X #Seturion #StuttgartStockExchange #CentralSecuritiesDepository #Lise #OpenBrick #STX #Axiology
Eight digital asset companies regulated by the European Union have issued a warning to European regulators about the potential loss of their early lead in blockchain-based capital markets to the United States. According to Foresight News, these firms argue that the EU's distributed ledger technology pilot regime imposes excessive restrictions, which could result in capital shifting to U.S. markets. Major U.S. trading venues, including the Chicago Mercantile Exchange (CME), New York Stock Exchange (NYSE), and Nasdaq, have already developed tokenized asset plans.
The companies involved in this warning are Securitize, 21X, Seturion from the Stuttgart Stock Exchange Group, Central Securities Depository, Lise, OpenBrick, STX, and Axiology. They emphasize the need for the EU to reconsider its regulatory approach to maintain its competitive edge in the rapidly evolving blockchain sector.#EU #DigitalAsset #Blockchain #CapitalMarkets #US #DistributedLedgerTechnology #CME #NYSE #Nasdaq #Regulation #Securitize #21X #Seturion #StuttgartStockExchange #CentralSecuritiesDepository #Lise #OpenBrick #STX #Axiology
🚀 SEC Chairman Criticizes Biden Administration's Crypto Policy as Missed Opportunity
#SEC #PaulAtkins #BidenAdministration #CryptoPolicy #Cryptocurrency #GaryGensler #DistributedLedgerTechnology #TokenizedDeposits #CryptoInnovation #MissedOpportunity
SEC Chairman Paul Atkins has expressed criticism towards the Biden administration's approach to cryptocurrency policy, describing it as a missed opportunity. According to NS3.AI, Atkins highlighted the previous SEC's rigid stance under Gary Gensler, which he believes hindered progress in the crypto industry. He has pledged that the SEC will adopt a more proactive approach, aiming to lead the industry by approving innovations such as tokenized deposits. Despite the volatility in cryptocurrency prices, Atkins remains optimistic about the broader potential of distributed ledger technology.#SEC #PaulAtkins #BidenAdministration #CryptoPolicy #Cryptocurrency #GaryGensler #DistributedLedgerTechnology #TokenizedDeposits #CryptoInnovation #MissedOpportunity
🚀 Hong Kong to Validate Debenture Registers Using Distributed Ledger Technology
#HongKong #DebentureRegisters #DistributedLedgerTechnology #DigitalCurrency #Tokenization #BondMarket #ElectronicSigning #Digitization #BearerBonds #TraditionalFinance #RegulatoryFramework
Hong Kong is preparing to release guidance that will confirm the legal validity of maintaining debenture holder registers through distributed ledger technology. According to NS3.AI, this initiative is designed to encourage electronic signing and the digitization of bearer bonds, aligning with the ongoing tokenization trends in the bond market. Experts view this development as a crucial step towards integrating digital currency with traditional finance within a compliant regulatory framework.#HongKong #DebentureRegisters #DistributedLedgerTechnology #DigitalCurrency #Tokenization #BondMarket #ElectronicSigning #Digitization #BearerBonds #TraditionalFinance #RegulatoryFramework
🚀 DTCC Highlights Interoperability Challenges in DeFi Ecosystem
#DTCC #Interoperability #DeFi #DistributedLedgerTechnology #DLT #CapitalMarkets #Standardization #RegulatoryRisks #OperationalCosts #TraditionalFinance #AssetIntegration
The U.S. Depository Trust & Clearing Corporation (DTCC) has published a comprehensive white paper addressing the critical need for interoperability within the decentralized finance (DeFi) ecosystem. According to NS3.AI, the report cautions that fragmentation among distributed ledger technology (DLT) networks may lead to increased operational costs and regulatory risks by isolating assets. To mitigate these issues, the paper advocates for standardization across essential capital market areas, including assets, ownership, lifecycle protocols, ledgers, and compliance. This approach aims to enhance integration between traditional finance and DeFi, promoting a more cohesive financial landscape.#DTCC #Interoperability #DeFi #DistributedLedgerTechnology #DLT #CapitalMarkets #Standardization #RegulatoryRisks #OperationalCosts #TraditionalFinance #AssetIntegration
🚀 Hong Kong Securities Chief Advocates Market Infrastructure Upgrade
#HongKong #SFC #MarketInfrastructureUpgrade #Tokenization #DLT #DistributedLedgerTechnology #DeFi #DigitalAssets #AsiaPacific #APAC #ASIC #OnlineScams #Standards
Hong Kong Securities and Futures Commission CEO Leung Fung-yee emphasized the need for a comprehensive upgrade of market infrastructure during her keynote speech at the 2026 EU-Asia Financial Services Dialogue organized by the Asia Securities Industry & Financial Markets Association. According to ChainCatcher, Leung highlighted the importance of addressing issues related to the fragmentation, clearing, and settlement of financial products. She pointed out that distributed ledger technology and tokenization offer solutions, with the programmable nature of tokenization supporting a wide range of investment products, including bonds, funds, and gold.
As the tokenization ecosystem continues to expand, it is crucial to effectively integrate related innovative projects. This integration aims to seamlessly combine market confidence in traditional finance with the efficiency of decentralized finance, thereby enhancing liquidity.
Leung also revealed that the Hong Kong Securities and Futures Commission, in collaboration with the Australian Securities and Investments Commission, is co-leading a working group under the Asia-Pacific Committee to combat online scams. Additionally, they are exchanging intelligence with global counterparts to establish and coordinate standards in the digital asset sector.#HongKong #SFC #MarketInfrastructureUpgrade #Tokenization #DLT #DistributedLedgerTechnology #DeFi #DigitalAssets #AsiaPacific #APAC #ASIC #OnlineScams #Standards
🚀 SEC Chair Discusses Potential Benefits and Challenges of Distributed Ledger Technology
#SEC #DistributedLedgerTechnology #DLT #FinancialServices #Blockchain #T0Settlement #DigitalAssets #LiquidityIssues #TokenizedSecurities #CFTC #RegulatoryFramework #SECandCFTC
U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins recently shared insights on distributed ledger technology (DLT) during an appearance on the All-In Podcast. According to BlockBeats, Atkins highlighted the potential advantages of DLT for the financial services industry, emphasizing the possibility of achieving T+0 settlement, which would enable near-instantaneous delivery and payment, potentially through digital assets on the blockchain.
Atkins acknowledged the excitement surrounding these developments but also pointed out challenges such as liquidity issues. He questioned the implications of traditional market concepts like the best bid and offer in this new system, indicating that these are among the issues that need resolution.
He reiterated the principle that if an asset is inherently a security, it remains subject to federal securities laws even if tokenized. Regulatory bodies have a responsibility to ensure that rules are applicable to new practical uses. As transaction purposes and delivery methods evolve, adjustments to the regulatory framework are necessary. The SEC is actively reviewing its regulations to ensure they accommodate emerging technologies.
Atkins also mentioned ongoing coordination between the SEC and the Commodity Futures Trading Commission (CFTC) for regulatory oversight. He clarified that tokenized securities fall under the SEC's jurisdiction, while digital currencies, tokens, tools, or collectibles are regulated by the CFTC.#SEC #DistributedLedgerTechnology #DLT #FinancialServices #Blockchain #T0Settlement #DigitalAssets #LiquidityIssues #TokenizedSecurities #CFTC #RegulatoryFramework #SECandCFTC
🚀 Fidelity Seeks SEC Guidance on Crypto Asset Trading Framework
#Fidelity #SEC #cryptoassets #brokerdealers #alternativetradingsystems #tokenizedsecurities #distributedledgertechnology #recordkeeping #decentralizedplatforms
Fidelity, the third-largest asset manager in the United States, has formally requested the Securities and Exchange Commission (SEC) to establish a comprehensive framework for broker-dealers dealing with crypto assets. According to NS3.AI, Fidelity's letter to the SEC emphasizes the need for rules that allow alternative trading systems to manage tokenized securities from third-party issuers, rather than being limited to assets issued by the broker-dealer itself. Additionally, Fidelity seeks guidance on enabling broker-dealers to utilize distributed ledger technology for recordkeeping, as decentralized platforms face challenges in meeting disclosure requirements through a central authority.#Fidelity #SEC #cryptoassets #brokerdealers #alternativetradingsystems #tokenizedsecurities #distributedledgertechnology #recordkeeping #decentralizedplatforms
🚀 Europe's First Onchain IPO: ST Group to List on France's Lightning Stock Exchange
#Europe #OnchainIPO #STGroup #France #LightningStockExchange #DistributedLedgerTechnology #EU #StockMarket #Cryptocurrency #Blockchain #Innovation
France's Lightning Stock Exchange is set to list ST Group on April 9, marking what could be Europe's first fully onchain initial public offering (IPO). According to NS3.AI, this listing was approved last year under the European Union's Distributed Ledger Technology pilot regime. ST Group has projected approximately 59 million euros in potential program revenue over the next decade.#Europe #OnchainIPO #STGroup #France #LightningStockExchange #DistributedLedgerTechnology #EU #StockMarket #Cryptocurrency #Blockchain #Innovation