Custody & Infrastructure

Custody & Infrastructure

Australian Banks Expand Use of Blockchain For Bank Guarantees

By Sanday Chongo Kabange | 05/09/2020

ANZ, CBA, Westpac, IBM and Scentre Group are opening up to early adopters a blockchain platform that in trials has reduced the issuance time for bank guarantees to just one day.

Custody & Infrastructure

CSRC Grants Citigroup Fund Custody Licence in China

By Editors | 02/09/2020

Standard Chartered is the only other foreign bank to have obtained a fund custody licence in China. Citi becomes the first US bank to do so.

Structural Regulation

Singapore, Israel to Enhance Supervisory Cooperation for Dual Listings

By Editors | 12/08/2020

SGX and the Tel-Aviv Stock Exchange entered a partnership in May 2018 pledging to engage technology companies to list on both exchanges, but so far no companies are dual listed on both.

Payments & Settlements

PBOC Clearing Arm to Adopt Blockchain for Letters of Credit

By Lucy Zhang | 12/08/2020

The China National Clearing Center has signed an agreement with three major banks to use their blockchain forfaiting platform to enhance its letter of credit system.

CBDCs

China Moves Closer to Launching Sovereign Digital Currency

By Sanday Chongo Kabange | 07/08/2020

PBOC has formed a new subsidiary to streamline efforts to launch a central bank digital currency, which is now being tested at four state-run banks.

Payments & Settlements

HKMA, BIS Innovation Lab Seek Solutions in Trade Finance

By Editors | 03/08/2020

Private firms are invited to submit innovative solutions that can help enhance trade finance mechanisms, connectivity and infrastructure.

Payments & Settlements

Italian Banks Adopt Blockchain to Reconcile Interbank Transactions

By Editors | 31/07/2020

55 banks are using a blockchain platform to share interbank transfer data and reconcile transactions, an initiative made possible by a rule change last May.

Tokenisation

Malaysia to Experiment with Tokenised Bonds in Offshore Market

By Manesh Samtani | 31/07/2020

Bursa Malaysia has partnered with Singapore fintech Hashstacs to develop a blockchain solution for the issuance, servicing, trading, clearing and settlement of bonds.

Custody & Infrastructure

Malaysia SC to Engage with Digital Asset Wallet Providers

By Editors | 24/07/2020

Digital asset wallet providers are asked to contact the SC for an engagement on their business operations and to provide feedback on a regulatory framework for such providers.