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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
Hong Kong: Prototype Created to Issue Electronic Bills of Lading
By Manesh Samtani | 21/03/2024
The eBL prototype, developed by GSBN and Ant Group, is being used in the HKMA’s wholesale CBDC sandbox project.

DeFi & Web3
OECD Assesses DeFi’s Role in ASEAN to Promote Financial Inclusion
By Manesh Samtani | 20/03/2024
Innovation associated with DeFi, provided in a regulated and compliant form, could offer possible financial inclusion benefits such as in MSME financing.

CBDCs
HKMA Launches Second Phase of e-HKD Testing
By Sanday Chongo Kabange | 15/03/2024
Phase 2 will focus on programmability, tokenisation and atomic settlement, leveraging the ‘Project Ensemble’ sandbox.

Cryptocurrency
Thai SEC to Allow Private Funds to Invest in Spot Crypto ETFs
By Editors | 14/03/2024
SEC Secretary General Pornanong Budsaratragoon said the funds can only be offered to institutional investors and ultra-high-net-worth investors.

Custody & Infrastructure
Major FIs Conclude Blockchain Pilot on Canton Network
By Editors | 13/03/2024
Dozens of participating FIs settled transactions across 22 different permissioned blockchains that were connected to the Canton Network.

Tokenisation
CFTC Publishes First-Ever US Taxonomy for Digital Assets
By Editors | 11/03/2024
The digital asset taxonomy is one of three recommendations advanced by the CFTC’s Global Markets Advisory Committee.

CBDCs
HKMA Commences wCBDC Project to Drive Tokenisation
By Editors | 07/03/2024
Project Ensemble could help to forge new financial market infrastructure that can bridge tokenised assets and money in transactions, the HKMA said.

Payments & Settlements
BNM to Upgrade RENTAS, Including to Facilitate CBDC
By Sanday Chongo Kabange | 07/03/2024
BNM’s modernisation plan for RENTAS includes future-proofing the system and enhancing its risk management functionalities.

CBDCs
UDPN Launches “All-in-One” Digital Currency Sandbox
By Editors | 05/03/2024
The sandbox contains technologies for CBDC, tokenised deposits, stablecoins, purpose-bound money, and security and bond tokenisation systems.

Tokenisation
Rabobank Executes €2b in Commercial Paper Transactions on Blockchain
By Sanday Chongo Kabange | 29/02/2024
Rabobank has completed a series of pilots to execute commercial paper transactions on a blockchain platform called ‘Ubermorgen’.
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