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Project Ensemble: Hong Kong Embraces Asset Tokenisation With New Sandbox

The Fintech Times

Through the project , HKMA explores financial market infrastructure that facilitates seamless interbank settlement of tokenised money through a wCBDC. Having completed building the sandbox, HKMA will use it to facilitate interbank settlement using experimental tokenised money, focusing on transactions involving these tokenised assets.

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Banque De France Has Finished CBDC Trial

PYMNTS

Banque de France has successfully conducted its own central bank digital currency (CBDC) trial, with a blockchain platform for interbank settlement, CoinDesk reported. A statement from the bank said the pilot involved a settlement on a private blockchain, which U.K. million), per CoinDesk.

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Today In Digital-First Banking: Banque de France Completes CBDC Pilot; New PPP Extends $5 Billion In Loans In First Week

PYMNTS

Banque de France has successfully finished its CBDC pilot, with a blockchain infrastructure for interbank settlement. The effort involved a settlement on a private blockchain provided by British upstart SETL of approximately 2 million euros (roughly $2.4 Banque De France Has Finished CBDC Trial.

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Deep Dive: Weighing The Federal Reserve’s Faster Payments Proposal

PYMNTS

The system would facilitate 24/7 year-round interbank settlements of faster payments and also provide a liquidity management tool to support transfers between Federal Reserve accounts. The Federal Approach. Against this backdrop, the Federal Reserve proposed creating its own real-time payments service in October 2018.

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Hong Kong Monetary Authority Launches Wholesale CBDC Project to Develop Local Tokenisation Market

The Fintech Times

Through the new project, Hong Kong Monetary Authority will explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money through a wholesale CBDC.

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A Closer Look At Ripple’s Money-Saving Claims

PYMNTS

Blockchain proponents say the disruptive technology is worth the onboarding process. We break down the company’s argument as presented in “ The Cost-Cutting Case for Banks: The ROI of Using Ripple and XRP for Global Interbank Settlements.” ” A Bit Of Background.

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Fintech in Singapore: 2023 in Review

Fintech News

To complement the digital money trials, MAS said that it will commence the development of CBDC for wholesale interbank settlement in 2024. Future pilots could include the use of the “live” wholesale CBDC for the settlement of cross-border securities trade, MAS said. 136), regtech (119) and investments and wealthtech (82).

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