Remove Interoperability Remove Multi-Currency Remove Settlement
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Project Guardian: Interoperability From Tokenised Bank Liabilities Could Save Firms $50bn in FX Fees

The Fintech Times

As a Project Guardian participant, Ant International also leveraged its blockchain-based Whale platform to develop a global treasury management use case for real-time multi-currency clearing and settlement. Tokenised bank liabilities and shared ledgers tackle these challenges directly.

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Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

Indonesia has reached a significant milestone in its journey toward exploring the potential of Central Bank Digital Currencies (CBDCs) with the completion of the Proof of Concept (PoC) for the wholesale Digital Rupiah under the auspices of Bank Indonesias Project Garuda.

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USDC Stablecoin Integrated into Core Banking by Matera and Circle

Trade Credit & Liquidity Management

This marks the first time a banking technology provider in the region has natively integrated USDC, aiming to bridge digital currencies and traditional financial systems. Industry Impact The move is described as a “game-changer” for banks and fintechs seeking global operations with near-instant settlement and low costs.

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Monetary Authority of Singapore Unveils Plans to Enable Industry-Wide Adoption of Tokenisation

The Fintech Times

Under Project Guardian, an international collaboration of industry and regulators that explores the use of fund and asset tokenisation, the Monetary Authority of Singapore has conducted over 15 industry trials in six currencies across multiple financial products.

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Swift Works on Enabling Real-Time Exchange of Digital Assets and Payments

Fintech News

Swift, the global financial messaging network, is actively working to incorporate regulated digital assets and currencies onto its platform. A key focus of these developments is testing multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions.

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Nium Boosts Cross-Border Payment Efficiency with Partior

Fintech News

Nium, a global payments infrastructure provider, announced a partnership with Partior , a blockchain-based clearing and settlement network, at the Singapore Fintech Festival 2024. Partior’s platform addresses key inefficiencies in global payments by cutting settlement times, lowering costs, and improving transparency.

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Whalet Joins Forces with TerraPay to Empower SMEs with Seamless Global Payouts

Fintech Finance

The integration will streamline transactions, reduce settlement complexities, and enhance operational efficiency for SMEs. ” Whalet specializes in supporting SMEs with comprehensive global payment solutions, including one-click store setup, global accounts, pay-ins, payouts, currency exchange, and card issuance. .”