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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.

Tokenisation
New BIS Project Seeks Overhaul of Global Payment System
By Manesh Samtani | 04/04/2024
Seven central banks will develop common infrastructure that can accommodate tokenised versions of wholesale central bank money and commercial bank deposits.

CBDCs
HKMA to Explore Common Industry Standards for Digital Money
By Manesh Samtani | 02/04/2024
Phase 2 of HKMA’s e-HKD testing initiative will explore the development of standards on interoperability and smart contract design.

Cloud & Infrastructure
HKMA to Soon Issue Guidelines for Banks on DLT Adoption
By Manesh Samtani | 02/04/2024
HKMA’s Raymond Chan said the new guidelines will not be binding nor exhaustive, but they will provide a “helpful benchmark” for banks looking to plan and develop DLT solutions.

Tokenisation
Regulatory Certainty Needed to Fully Benefit from Tokenisation: SFC
By Nithya Subramanian | 01/04/2024
The SFC’s Elizabeth Wong says intermediaries planning to offer tokenised products must demonstrate that they have done their due diligence and can manage the associated risks.

Tokenisation
UK Proposes Two New Use Cases for Fund Tokenisation
By Manesh Samtani | 29/03/2024
Tokenising MMF units could facilitate their use as collateral, and reduce redemption pressures on MMFs during market stress.

Tokenisation
MAS to Clarify Regulatory Treatment of Tokenised Funds
By Ranamita Chakraborty | 28/03/2024
MAS is reviewing its regulatory framework to ensure it addresses the legal and regulatory implications of tokenised funds.

Tokenisation
HSBC Launches Tokenised Gold Product in Hong Kong
By Editors | 28/03/2024
The product allows investors to acquire fractional ownership of physical gold represented by tokens recorded on a distributed ledger.

CBDCs
SWIFT Concludes Second Phase of CBDC Sandbox Tests
By Ranamita Chakraborty | 27/03/2024
SWIFT will extend its CBDC interlinking solution to support a wider range of emerging digital networks, including platforms for tokenised deposits.

CBDCs
New Mediums of Exchange Will Add to HK’s GDP: Report
By Manesh Samtani | 25/03/2024
BCG, DLA Piper, HKT Payment Limited, paywith.glass, VSFG and ZA Bank say CBDC, tokenised deposits and stablecoins will add HK$160bn to Hong Kong’s GDP by 2032.

Cryptocurrency
Japan GPIF Considers Diversifying Holdings Into Forests and Bitcoin
By Editors | 22/03/2024
World’s largest pension fund seeking information on investing in forests, farmland, gold, and crypto-assets; plans to resume foreign stock lending.
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