Cryptocurrency’s wild ride isn’t over yet. Regulators are closing in, and innovation is speeding up. It’s safe to say that the blockchain landscape remains a bit of a battleground. Price volatility continues unabated, and scams are still peppering the landscape, including the Monday (Sept. 23)...
The last days of the third quarter are upon us, the waning days of the month, too. And it’s shaping up to be a September to remember for tokenized deposits. Tokenized deposits exist as digital holdings — not to be confused with stablecoins, a form...
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 financial market infrastructure (FMI) for the development of the Hong Kong tokenization market, the Hong Kong Monetary Authority (HKMA) said in a...
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 are also a favorite of fraudsters. Blockchain analysis firm Chainalysis found in its latest report on the state of crypto...
January 18, 2024
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 are also a favorite of fraudsters. Blockchain analysis firm Chainalysis found in its latest report on the state of crypto crime trends that stablecoins have supplanted bitcoin as a key […]
December 15, 2022
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 well as a swirl of...
September 26, 2022
In the bid to change financial services, to broaden financial inclusion, the promise of challenger banks was that they’d upend the way financial products could be designed and could come...
October 03, 2024
Swift wants to let banks test tokenized transactions on its global messaging network. Beginning next year, financial institutions (FIs) will be able to carry out pilot transactions for settling digital assets and currencies, Swift announced Thursday (Oct. 3), in hopes of demonstrating how FIs can transact interchangeably across asset and currency types using their Swift […]
March 07, 2024
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 financial market infrastructure (FMI) for...
November 02, 2023
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 pilot program, part of...
April 27, 2023
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 Sachs, DBS Bank and BNP...
