Digital Assets

CBDCs

UPDATED – China to Include Beijing, Hong Kong in Digital Yuan Pilot

By Sanday Chongo Kabange | 16/08/2020

The move to expand the digital yuan pilot to major cities including Shanghai, Beijing, Guangzhou and Hong Kong brings coverage to a potential user base of around 400 million.

Tokenisation

Singapore Premiers Blockchain-based Bond Exchange, BBX

By Sanday Chongo Kabange | 13/08/2020

BondbloX Bond Exchange uses a permissioned blockchain to enable electronic trading of bonds in $1,000 denominations, with instant settlement and greater price transparency.

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.

Tokenisation

Philippines Launches DLT-based Distribution of Retail Treasury Bonds

By Sanday Chongo Kabange | 29/07/2020

The launch of ‘Bonds.PH’ paves the way for the unbanked to affordably and easily invest in retail treasury bonds, said National Treasurer Rosalia V. De Leon.