Stablecoins have held the promise of serving as a link between the cryptocurrency realm and traditional financial services. Turns out that nowadays, the digital holdings are also a favorite of fraudsters. Blockchain analysis firm Chainalysis found in its latest report on the state of crypto...
Visa, in collaboration with HSBC and Hang Seng Bank, has successfully completed a pilot test in Hong Kong to study tokenized deposits using central bank digital currencies (CBDCs). The pilot program, part of the “Digital Hong Kong Dollar” initiative organized by the Hong Kong Monetary Authority (HKMA), aimed to...
The Bank for International Settlements, central banks and traditional financial institutions (FIs) are in the midst of tackling various ways and means of creating and using tokenized bank deposits. And what remains to be seen is whether those initiatives will define competition, or co-existence, with...
JPMorgan Chase is committed to tokenize traditional finance despite upheaval in the cryptocurrency sector. The bank’s digital asset program, Onyx, is already being used by Goldman Sachs, DBS Bank and BNP Paribas, and 15 other banks and broker dealers are looking to sign up for it,...
January 18, 2024
Stablecoins have held the promise of serving as a link between the cryptocurrency realm and traditional financial services. Turns out that nowadays, the digital holdings are also a favorite of fraudsters. Blockchain analysis firm Chainalysis found in its latest report on the state of crypto crime trends that stablecoins have supplanted bitcoin as a key […]
December 15, 2022
Bad crypto news has brought a big opportunity for traditional banks to advance tokenized deposits. Add in the unreliable, peg-breaking status of so-called stablecoins, as well as a swirl of...
September 26, 2022
In the bid to change financial services, to broaden financial inclusion, the promise of challenger banks was that they’d upend the way financial products could be designed and could come...
March 07, 2024
Hong Kong’s central bank has launched a wholesale central bank digital currency (wCBDC) project. The effort, dubbed “Project Ensemble,” is designed to support a new financial market infrastructure (FMI) for the development of the Hong Kong tokenization market, the Hong Kong Monetary Authority (HKMA) said in a news release Thursday (March 7). “At the core of Project […]
November 02, 2023
Visa, in collaboration with HSBC and Hang Seng Bank, has successfully completed a pilot test in Hong Kong to study tokenized deposits using central bank digital currencies (CBDCs). The pilot program, part of...
April 27, 2023
JPMorgan Chase is committed to tokenize traditional finance despite upheaval in the cryptocurrency sector. The bank’s digital asset program, Onyx, is already being used by Goldman Sachs, DBS Bank and BNP...
February 08, 2022
Researchers with the Federal Bank of New York have said stablecoins are not likely to be the future of payments, CoinDesk reported Monday (Feb. 7). A research group has argued...
