Hong Kong’s central bank has launched a wholesale central bank digital currency (wCBDC) project. The effort, dubbed “Project Ensemble,” is designed to support a new...
Stablecoins have held the promise of serving as a link between the cryptocurrency realm and traditional financial services. Turns out that nowadays, the digital holdings...
Visa, in collaboration with HSBC and Hang Seng Bank, has successfully completed a pilot test in Hong Kong to study tokenized deposits using central bank digital currencies (CBDCs)....
The Bank for International Settlements, central banks and traditional financial institutions (FIs) are in the midst of tackling various ways and means of creating and...
JPMorgan Chase is committed to tokenize traditional finance despite upheaval in the cryptocurrency sector. The bank’s digital asset program, Onyx, is already being used by Goldman...
In the debate over stablecoins vs. cryptocurrencies, it may be tokenized deposits that wind up gaining ground. Tokenized deposits are tied to existing bank deposits;...
Warnings on stablecoins from a trio of regulators may cause banks to seek digital alternatives instead. And digital dollars (aka CBDCs) and tokenized deposits issued...
A bank-to-bank digital currency may threaten the appeal of traditional, privately-issued stablecoins. News came last month that the New York Fed has seen the benefits of such...
Bad crypto news has brought a big opportunity for traditional banks to advance tokenized deposits. Add in the unreliable, peg-breaking status of so-called stablecoins, as...