Australia’s Journey Towards a Tokenized Financial System, according the RBA’s assistant governor
The Reserve Bank of Australia (RBA) has expressed interest in adopting a central bank digital currency (CBDC) as the monetary future, envisioning a system where digital money, issued by the state, would act as a tokenized version of central bank reserves. In an address titled “A Tokenised Future for the Australian Financial System,” Brad Jones, […]
Quant Elevates Blockchain Security with its New Central Bank-Grade Key Management Solution
In a significant development for the banking and financial sector, a pioneering solution called Overledger Authorise has been launched to bolster the security of blockchain-based transactions. Historically, financial institutions have banked on advanced key management systems to shield data, applications, and transactions. The dawn of blockchain and digital assets posed a challenge: the prevailing key […]
CBDCs: A New Chapter in Global Banking
Source: Ripple The emergence of blockchain technology, coupled with real-world use cases and the dramatic free fall in global cash usage have led to a surge in CBDC research and development today. Nine out of ten central banks are actively exploring CBDCs, and Juniper Research predicts CBDC payments will reach $213 billion by 2030. This boom is […]
The Evolution of Finance: The Role of Digital Settlement Assets in Transforming Financial Markets
In this webinar, our panellists discuss the role of wholesale settlement assets in the financial services ecosystem, looking at questions such as: Panellists include:
BIS: Stablecoins vs. Tokenized Deposits – Implications for the Uniqueness of Currency
The modern monetary system rests upon a fundamental concept known as the “uniqueness of currency.” This principle ensures that monetary transactions are not subject to fluctuating exchange rates between various forms of money, whether they are privately issued (e.g., deposits) or publicly issued (e.g., cash). The uniqueness of currency establishes an unequivocal unit of account […]
Visa Expands Stablecoin Settlements with Solana and Partners Worldpay and Nuvei
Visa is taking significant steps to modernise cross-border money transfers, with plans to expand its stablecoin settlement capabilities to the Solana blockchain. The company is collaborating with merchant acquirers Worldpay and Nuvei to facilitate this development. Visa has already initiated live pilots with issuers and acquirers, effectively moving millions of USDC (USD Coin) between its […]
Citi Survey Reveals Rising Momentum for CBDCs in Accelerating Settlements
Escalating approval of Central Bank Digital Currencies (CBDCs) receives reinforcement from ongoing domestic trials and transnational endeavours in diverse jurisdictions, according to a study conducted by the prominent banking institution, Citi. In the context of discussions aiming to truncate local financial settlement cycles within the forthcoming five years, the majority of securities firms are setting […]
Reserve Bank of Australia and Digital Finance CRC Conclude Study on CBDC Implementation
The Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) have collaboratively presented the findings from their joint research initiative, which focused on evaluating the viability of introducing a central bank digital currency (CBDC) in Australia. The report outlines conclusions drawn from the endeavour, which entailed active involvement from the industry […]
Is safe the new sexy? CBDCs, trust and the evolution of money
Source: Mastercard Central banks have been exploring ways to issue their own digital currencies for years. Yet their efforts haven’t captured the public’s attention — for better or, more recently, for worse — like cryptocurrencies have. But central bank digital currencies, or CBDCs — essentially a digital version of fiat currency backed by a government […]
Palau’s Inaugural Blockchain Summit: Building on Ripple’s CBDC Partnership and Web3 Innovation Drive
The picturesque island nation of Palau is setting the stage for its inaugural event, the Palau Blockchain Summit. This summit signifies Palau’s stride into the realm of blockchain technology, with a focus on accelerating the nation’s digital transformation. By embracing various Web3 initiatives and collaborating with industry leaders, Palau aims to position itself as a […]
