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German Central Bank Joins MAS-Led Project Guardian

Fintech News

As a member of the Project Guardian policymaker group, the Bundesbank will contribute to cross-border collaboration by working with other central banks and institutions to develop common standards and improve interoperability for this emerging technology.

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Coinbase Sets Sights on Thai Baht and Philippine Peso Stablecoins

Fintech News

Instead, the company is focusing on its wallet business and blockchain platform Base to drive blockchain adoption by enabling local developers to create solutions for baht and peso stablecoins. The company currently has no plans to directly enter Southeast Asian jurisdictions.

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UBS Successfully Pilots Blockchain-based Payment Solution for Cross-Border Transactions

The Fintech Times

Global asset manager and Swiss bank UBS has developed and successfully piloted a blockchain-based payment solution, aiming to increase efficiency and transparency, as well as enable the programmability of money movements for corporate and institutional clients.

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Mastercard Leads New Central Bank Digital Currency Test Platform

PYMNTS

Mastercard has announced a new virtual testing platform for Central Bank Digital Currencies (CBDCs). The testing tool comes as the global economy embraces digital payments and central banks investigate how to support innovation while maintaining financial stability as they issue the currency. In a Wednesday (Sept.

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Australia Central Bank Unveils 3-Year Digital Money Plan

Fintech News

Australia has unveiled a three-year initiative to explore the potential of central bank digital currencies (CBDCs) with a focus on wholesale CBDC opportunities, industry outreach and regulatory improvements, Brad Jones, Assistant Governor (Financial System) at the Reserve Bank of Australia (RBA), told the audience at an industry event in September.

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Central bank digital currencies are diverse, but all should be open

Payments Source

A CBDC has the potential to be a real game changer for the payment industry if one condition is met: central bank digital currency has to be built as an open and shared infrastructure for the private sector to easily build on top of it, says ConsenSys' Matthieu Saint Olive.

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Partior Closes Series B at US$80 Million with Deutsche Bank Investment

Fintech News

Deutsche Bank has joined the extended Series B funding round for blockchain-based fintech firm Partior , bringing the total raised to US$80 million and marking the close of the round. Established in 2021 and backed by DBS Bank, J.P. Morgan, Jump Trading Group, Standard Chartered, Temasek, and Valor Capital Group.