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As a Project Guardian participant, Ant International also leveraged its blockchain-based Whale platform to develop a global treasury management usecase for real-time multi-currency clearing and settlement. Tokenised bank liabilities and shared ledgers tackle these challenges directly.
Tokenisation is now a core enabler of secure, interoperable digital paymentspowering embedded finance, asset tokenisation, and evolving identity flows. Once a system for masking sensitive data, tokenisation has evolved into a foundational technology for enabling secure, interoperable, and scalable digital payments.
The processes included converting reserve account balances into digital Rupiah and vice versa, ensuring seamless interoperability with Bank Indonesias Real-Time Gross Settlement (BI-RTGS) system. Following the success of the Immediate State, the Intermediate State phase will expand digital asset usecases.
Ripple Payments employs blockchain and digital assets, and a global network of payout partners to deliver fast, transparent, reliable cross-border payments and on/off ramps for banks, crypto companies, and fintechs worldwide.
Through this collaboration, Paycode and Algorand will explore integrating public blockchain technology to strengthen digital identity systems, improve transparency, and unlock new models for delivering secure, inclusive payments at scale. “Paycode is already reaching some of the most difficult places to serve. .
Launched in May 2022, Project Guardian brings together policymakers and key financial industry players to improve market liquidity and efficiency through the innovative use of technology. The Bundesbank is very pleased to be cooperating with a partner that is as competent as MAS.”
Valued at $28.93billion in 2024 and set to hit $49.18billion in 2025, according to The Business Research Company , the blockchain market is thriving. While this growth is in part due to the success of the crypto industry, the blockchain industry is not dependent on crypto. Blockchain has not experienced the same rapid growth.
The launch of the new BVNK wallet will create a solution to this friction by providing users with direct access to blockchains and local and international payment schemes, all within a single solution. But theyre not perfect for every usecase and moving money between traditional currencies and stablecoins is still challenging.
The Wisconsin-based company is embedding the blockchain-based payments tool directly into its global financial infrastructure by the end of the year. The new stablecoin will be made available at no additional cost to clients, giving them access to a new, interoperable digital asset service to integrate into their banking and payment flows.
Ricky now serves as Managing Director for South Asia at TBCASoft, a global fintech driving next-generation cross-border NFC and QR person-to-merchant (P2M) payments usingblockchain-based technology. What practical usecases and insights emerged from the ASEAN-5 implementation phase of Project Nexus?
Furthermore, the report takes a forward-looking approach, incorporating forecasts for 2025 and exploring pivotal themes such as artificial intelligence in payments, the evolution of tokenisation and decentralised finance (DeFi), and the adoption of emerging technologies like blockchain, generative AI, and machine learning.
As demand for real time, global payments grow, Rain is seeing strong momentum from partners looking to issue and use onchain cards and settle in stablecoins. Rain’s technology stack allows for card transactions on the Visa network to be interoperable with stablecoins across multiple blockchains.
This partnership is set to empower African communities, governments, and businesses, and represents a significant step toward realising the shared goal of financial inclusion and economic advancement across Africa, with blockchain and decentralised finance at the forefront of this transformation.
However, PSPs must ensure their systems and processes support this capability, which may involve implementing blockchain analytics tools and strengthening compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. This also positions them as thought leaders in the sector.
The company was an early adopter of distributed ledger technology (DLT), teaming up in 2017 with Ripple Labs and pioneering blockchain-based remittances from Japan to Thailand and Vietnam. With a strategic partnership with MoneyGram and other financial institutions, SBI Remit enables transfers to over 200 countries and regions.
Circle has launched the Circle Payments Network (CPN) to modernize the $190 trillion cross-border payments market with blockchain-based, near-instant settlement. CPN enables financial institutions to securely exchange payment instructions and settle transactions using USDC on public blockchains. per transaction.
For the US government, the play here is pretty simple: reaffirm the U.S. dollar’s dominance in the digital era – ensuring that as money goes blockchain-shaped, it’s American-regulated stablecoins that people are using, not unregulated offshore tokens or rival nations’ digital currencies. So, what exactly is JPMD?
Blockchain-powered financial infrastructure is on the rise, and it’s important for banks, fintechs, and regulators to understand new developments in the space, what’s possible, and what’s next. Another key differentiating factor between the two blockchain-based payment tools is that they have opposite effects on liquidity.
The trials have explored usecases ranging from foreign exchange (FX) to debt capital markets, providing valuable insights into the practical implementation and challenges of tokenisation. GL1 is not merely a technological endeavour; it also addresses the crucial aspects of governance, risk management, and compliance.
Among these, the integration of blockchain and stablecoins in cross-border payments and treasury management emerged as a central theme. Now, digitally native businesses are leveraging blockchain and stablecoins not to speculate, but to optimise cost and speed in cross-border transactions.
According to OpenPayd officials, the addition of stablecoin capabilities is intended to support business usecases such as treasury management, global payouts, and digital asset services. The addition of stablecoin on- and off-ramps is expected to expand the platform’s interoperability between fiat and digital currencies.
Mastercard already allows for some purchases using stablecoins, but it’s also aiming to expand those usecases, partly by partnering with other companies operating in that arena. The company also said last month that it’s linking with blockchain company Paxos to smooth the acceptance of stablecoins across its network.
Weavr A plug-and-play embedded finance platform designed for non-financial companies, with ready-made usecase templates. The best fintech tools for crypto enable safe, scalable engagement with blockchain-based finance. Best for : Businesses seeking quick-to-launch card solutions.
In a related announcement , Fiserv and PayPal Holdings said they’ll partner “to build future interoperability” so consumers can move funds with the FIUSD coin on PayPal. The partnership aims to “expand the use of stablecoins and programmable payments around the globe,” the companies said.
Location Joburg Followers 5 Opinions 24 Follow Unfollow Tokenised stocks are making headlines as the finance world flirts with the blockchain revolution. In this comprehensive look, well explore the proliferation of tokenised stocks, their usecases and benefits, and clear up some common misconceptions.
As more firms look to enter the blockchain and decentralised space, easy integrations and the ability to develop applications are an absolute must. Ensuring this is possible on the XRP Ledger (XRPL), Ripple , the crypto solutions provider, has partnered with Axelar Foundation , the nonprofit decentralised interoperability network.
Blockchain technology has revolutionised numerous industries by providing decentralised, secure, and transparent systems. However, one of the significant challenges it faces is interoperability between different blockchain networks. Interoperability is vital for several reasons.
At Sibos 2024, Angie Walker, Global Head of Banking and Capital Markets, Chainlink Labs, explored the topics of blockchain and tokenisation and how they are transforming the existing world as well as how the technology creates opportunities for the future.
WadzChain Network, a global leader in innovative blockchain technology, announced today the launch of one of the world’s first hybrid blockchains intending to transform global payments for businesses. The blockchain is perfect for diverse businesses and usecases, from small startups to large enterprises.
The UK’s Regulated Liability Network has chosen R3 , a company specialising in enterprise distributed ledger technology and services, as well as Quant , a blockchain provider for finance, to develop the technology prototype for its experimental stage.
Morgan ’s Onyx , told Karen Webster that peer-to-peer (P2P) private blockchain networks can help streamline information flows tied to cross-border payments and remove the complexities tied to legacy systems. Morgan said it had established Onyx, a new business unit dedicated to blockchain and digital currencies. Liink, J.P.
DBS has initiated the pilot of the “DBS Treasury Tokens”, a blockchain-based solution designed for next-generation treasury and liquidity management, in collaboration with Ant International. This launch underscores how established financial institutions can utilise blockchain technology to offer advanced, 24/7 banking services.
Ant International will be able to use the digital form factor to achieve instant, multi-currency treasury and liquidity management on DBS’ permissioned blockchain for their entities across multiple markets. DBS’ permissioned blockchain is Ethereum virtual machine (EVM)-compatible and is integrated with its core payments engine.
At its core, Onafriq is providing digital interoperability across mobile wallets, bank accounts, cards, and offline payment channels – bringing Africa closer to a seamless and integrated financial future. I’m incredibly proud of what we’ve achieved and even more excited about the road ahead.”
Ripple, a provider of enterprise blockchain and crypto solutions, plans to introduce a stablecoin tied directly to the US dollar (USD), pending regulatory approvals. With the stablecoin market currently valued at approximately US$150 billion and expected to soar to over US$2.8 said Brad Garlinghouse, CEO of Ripple.
Against that backdrop of moving away from paper payments, and toward ubiquitous real-time payments, TCH’s Waterhouse said there’s probably not a usecase “that’s going to tip the scale here.” But he pointed to a usecase that might be a bit under the radar. Interoperability In Focus .
The Web3 Foundation , in partnership with Scytale Digital , has led the seed funding round for Hyperbridge , a groundbreaking protocol poised to transform blockchaininteroperability. Unlike existing point-to-point bridge models, Hyperbridge introduces a hub model that scales verifiable interoperability across all chains.
To accelerate the development and use of blockchain in Malaysia, a new government-backed national operation and roadmap have been launched: the Malaysia Blockchain Infrastructure (MBI). Ultimately, MBI empowers the next generation of blockchain innovations that will benefit all Malaysians.”
Blockchains are becoming a key enabler of this digital transformation (in a similar way to how the emerging tech is disrupting other long-established industries like banking and insurance ). GET the 47-page blockchain TRENDS report. Why blockchain tech could benefit the real estate industry. Table of Contents. Challenges.
One of the main drivers for the new efficiencies they want to pursue is blockchain. Dubai’s smart city program, known as Smart Dubai, is looking to blockchain technology as the critical piece needed to implement a seamless and more efficient digital economy. The Blockchain Building Block. ” Dubai’s Smart Future.
Live briefing: BLOCKCHAIN TRENDS IN 2018. Join us for a deep dive into blockchain in 2018. Enter blockchain technology, a cryptographically secured form of shared record-keeping. Skeptics point out that there are serious obstacles for blockchain technology in an industry that hasn’t even fully embraced the cloud.
Singapore-based fintech Xalts is joining forces with smart contracts platform Avalanche , in a move to support financial services, governments, and other enterprise developers in building digital asset platforms for implementing blockchain, tokenisation, and smart contract applications.
And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the usecases to get there. Interoperability Is Key. To get there, interoperability is key, said Cunha. Digital dollars are a maybe – but if so, not for a while. No Race To Rollout .
The report, based on a survey of over 50 financial institutions across Asia, reveals that the digital assets space is poised for significant growth as institutional investors seek to diversify their portfolios and capitalise on the benefits of blockchain technology. of respondents predicting their growth in the coming years.
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