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Several major financial firms are collaborating to test the benefits of shared-ledger technology for jointly settling tokenized assets like commercial bank money and various securities. The initiative, known as the Regulated Settlement Network, is a proof-of-concept designed to expedite and secure cross-border transactions using a singular system for tokenized assets. This trial is an extension … Read more
Crypto firms Aptos Labs, Paxos and Circle also took part in the funding that bodes well for the future of real-world asset tokenization. Go to Source
Hong Kong’s leading commercial bank, HSBC, continues to invest in its tokenization product lineup. The bank’s CEO, Noel Quinn, stated that he is “very comfortable with the concept of tokenization.” He indicated that the bank will look at ways of tokenizing assets backed by “real” assets. HSBC’s CEO Discusses Tokenization Plans Hong Kong’s leading commercial … Read more
Blockchains without interoperability are like computers without an internet connection — incapable of transferring data and value, a Chainlink Labs executive says. Go to Source Powered by WPeMatico
The Office of the Comptroller of the Currency (OCC) said the digital asset industry was maturing but was “not yet robust” in its risk management. Go to Source Powered by WPeMatico
Cost efficiencies, improved liquidity, 24/7 market access, and the removal of intermediaries were the main advantages’ cited which blockchain infrastructure has over current legacy systems. Go to Source Powered by WPeMatico
“There’s a strong value proposition here that we can essentially tokenize any asset and bridge that into the ASX ecosystem,” said Zerocap CEO Ryan McCall. Go to Source Powered by WPeMatico
The Central Bank of Iran soon plans to launch the pilot phase of its digital currency project, an official unveiled. The Islamic Republic hopes to a join a growing club of nations that want to take advantage of having a sovereign coin, while it also seeks to implement blockchain technology in other areas. Iran to … Read more
Amid an ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC) over XRP, Ripple is launching a new product, Liquidity Hub, which aims to be “a one-stop shop for enterprises to source any tokenized asset.” The product “will allow customers to seamlessly access crypto assets from a variety of global venues, including market makers, … Read more
As part of its partnership with Arca Labs, Securitize will help launch tokenized financial products for the firm, starting with Arca’s registered tokenized treasury fund. Go to Source Powered by WPeMatico
