Category: Market News
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Crypto, Tokenization, AI Are Priorities for Monitoring, FSB Says Ahead of G20 Meeting
Source: CoinDesk The Financial Stability Board plans to publish a status report on its crypto roadmap and a report on the financial stability implications of tokenization. The FSB said it will continue spearheading crypto policy efforts in 2024. The body plans to release reports on crypto, tokenization and AI, and ensure its global regulatory framework…
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UBS Issues Hong Kong’s First Investment-Grade Tokenised Warrant on Ethereum
Source: Fintech News Hong Kong UBS has launched Hong Kong’s first investment-grade tokenised warrant, leveraging the Ethereum public blockchain. This product is part of the bank’s UBS Tokenise initiative, aimed at advancing its in-house tokenisation services. The product is a call warrant with Xiaomi Corporation as the underlying stock. The tokenised warrant is also reportedly…
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Citi the latest TradFi player to test out asset tokenization
Source: Blockworks Banking giant brings a Wellington Management-issued private equity fund onto Avalanche’s Spruce subnet as part of a proof of concept Citi is the latest financial firm to test bringing real-world assets onto distributed ledger technology networks, finding that such efforts can offer big advantages over traditional models. “Tokenization unlocks the value in traditional…
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RD Technologies, HashKey Exchange, Allinpay Exploring Stablecoin Integration
Source: Fintech News Hong Kong RD Technologies announced its intent to collaborate with the Hong Kong licensed virtual assets trading platform, HashKey Exchange, and financial payment company Allinpay International. This partnership is focused on exploring the integration of stablecoins into payment services, aiming to enhance the functionality and efficiency of online and offline transactions. The…