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News on regulatory considerations, market adoption, technical infrastructure and use cases for tokenising traditional assets like real estate, securities, and commodities on blockchain platforms.

Trading & Investment
Fintech and Regulation to Create Two-Tier Securities Sector: Fitch
By Editors | 29/10/2025
A Fitch Ratings report finds that technology-backed global platforms and bank-affiliated firms are set to win as traditional domestic brokers face mounting pressure.

CBDCs
BNM to Complete Domestic Wholesale CBDC Trial by Year-End
By Nithya Subramanian | 28/10/2025
The initiative, alongside cross-border projects such as Project Dunbar and Project Mandala, aims to strengthen payment systems while deepening DLT and tokenisation.

AI Risk & Governance
HKMA Declares Fintech Push a Success, Pilots AI and DLT in Sandboxes
By Sanday Chongo Kabange | 28/10/2025
The HKMA says 95 percent of banks have adopted fintech and that it is now advancing to the next phase involving innovation in GenAI and tokenisation.

Tokenisation
Australia Pilots Tokenised Government Bonds in RBA-Led Initiative
By Sanday Chongo Kabange | 27/10/2025
Fintech firm, Forte Tech Solution, has tokenised AUD 3.07 million in government bonds using a stablecoin for settlement as part of an RBA research project.

Trading & Investment
HK LegCo Panel Reviews Key Financial Reforms Amid Economic Headwinds
By Sanday Chongo Kabange | 24/10/2025
A legislative report details discussions with regulators on key initiatives, including AI sandboxes, tokenised bonds, and deepening Mainland China market access.

Trading & Investment
Malaysia’s Islamic Banks to Jointly Deepen Market Collaboration
By Nithya Subramanian | 24/10/2025
The agreements between the banks reinforce regulatory efforts to deepen interbank collaboration and enhance governance within the Islamic financial market.

Structural Regulation
Hong Kong Signals Further Listing Reforms, Eyes Tokenised ETFs
By Sanday Chongo Kabange | 23/10/2025
Officials have outlined plans to further refine Hong Kong's listing rules and promote innovative products like tokenised ETFs.

Capital Adequacy
ISDA Chief Urges Jurisdictions to Follow Japan's 'Pragmatic' Basel III Lead
By Manesh Samtani | 22/10/2025
Scott O’Malia also outlined plans to promote tokenisation for collateral and highlighted new digital post-trade tools.

Custody & Infrastructure
SFC Backs Industry Initiatives on Digital Asset Fund Compliance
By Sanday Chongo Kabange | 21/10/2025
The SFC has signalled its support for efforts to strengthen risk management and compliance standards for digital and tokenised investment funds.

Stablecoins
China Directs Tech Giants to Halt Hong Kong Stablecoin Plans
By Editors | 21/10/2025
Mainland regulators intervened to assert monetary sovereignty, casting a shadow over Hong Kong's new digital asset framework and the e-CNY's role.
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