OMFIF Study Urges Central Banks to Move Forward with CBDCs

A new report from the Official Monetary and Financial Institutions Forum (OMFIF) calls for decisive action from central banks on the issuance of central bank digital currencies (CBDCs). Titled CBDCs: It’s Time for Action, the study argues that hesitancy over implementation risks delaying crucial innovations in financial inclusion, resilience, and monetary sovereignty. The findings underscore […]
Societe Generale-FORGE Leverages Ethereum Blockchain and Wholesale CBDC for Repo Transaction

Societe Generale-FORGE (SG-FORGE) has announced the successful execution of a repurchase (repo) transaction involving a wholesale central bank digital currency (wCBDC) and a digital bond issued on a public blockchain. The bond, originally issued in 2020, was utilised in a repo trade that demonstrates the evolving role of distributed ledger technology (DLT) in financial markets. […]
Former Binance Executives Launching MiCA-Compliant Euro Stablecoin Within Two Weeks

As the Markets in Crypto-Assets Regulation (MiCA) approaches its final enforcement deadline later this year, Europe is set to welcome a new euro-backed stablecoin to the digital currency landscape. Schuman Financial, a recently established cryptocurrency firm founded by former Binance executives Martin Bruncko and Eduardo Morrison, has announced its launch, unveiling its inaugural product, the […]
UK Government’s Approach to Tokenisation and Regulation: Keynote Highlights from Tulip Siddiq MP

Tulip Siddiq MP, Economic Secretary to the Treasury, delivered a keynote at this year’s City and Financial Global Tokenisation Summit outlining the UK government’s progressive strategy in embracing tokenisation and digital assets. Her speech underscored the transformative potential of distributed ledger technology (DLT) and reaffirmed the government’s commitment to positioning the UK as a global […]
How Blockchain and Tokenization Is Revolutionising the Financial Industry | Poundcast Episode 19

In episode 19 of the Poundcast, we dive into the future of finance with Daniel Coheur, co-founder of Tokeny. Daniel shares his journey from traditional finance into the world of digital assets and tokenization, explaining how blockchain and tokenized assets are set to transform market infrastructure. Together with host Helen Disney, Daniel discusses the potential […]
Transforming Asset Servicing With AI, Oracles, and Blockchains: Chainlink, Avalanche, Swift, Euroclear, UBS, and Others Join Forces

A new industry initiative led by Chainlink and eight major financial market infrastructures and institutions aims to revolutionise corporate actions processing by leveraging advancements in AI, oracles, and blockchain technology. This ambitious multi-phase project seeks to solve one of the most pressing issues in financial markets— the lack of real-time, standardised data, particularly in fragmented […]
Ripple Prepares for RLUSD Stablecoin Rollout with Key Partnerships Announced at Swell 2024

Ripple has announced its exchange and market maker partners for the forthcoming launch of its dollar-pegged stablecoin, RLUSD, during the Ripple Swell 2024 conference in Miami. In addition, the firm has appointed former FDIC chair Sheila Bair and David Puth, ex-CEO of Centre, to its advisory board. Ripple’s latest venture into the stablecoin market underscores […]
Tokenization and DLT Set to Reshape European Financial Systems

In a notable speech this week, European Central Bank (ECB) Director Piero Cipollone advocated for the creation of a European ledger to support tokenization in capital markets. This would serve as the EU’s equivalent of a Unified Ledger. Cipollone acknowledged the difficulties in establishing a traditional Capital Markets Union, particularly the need for greater legal […]
Palau Unveils Blockchain-Based Savings Bonds Prototype with Soramitsu Support

The Government of Palau has taken a significant step towards modernising its financial infrastructure with the launch of a blockchain-based savings bond prototype system, Palau Invest, developed in collaboration with Soramitsu and Japan’s Ministry of Economy, Trade, and Industry (METI). This initiative is part of METI’s “Global South Future-Oriented Co-Creation Project,” showcasing Japan’s ongoing support […]
Bank of England Addresses Opportunities and Risks of Digital Assets in Recent Speech

In a recent address during Digital Assets Week in London, Sasha Mills of the Bank of England discussed the evolving landscape of digital assets and payments, highlighting both the opportunities and risks these innovations present in achieving the Bank’s monetary and financial stability objectives. Mills expressed her enthusiasm for participating in the event, emphasising the […]