Image by Ledger Insights   Last week we reported that the Hong Kong Monetary Authority (HKMA) launched its Project Ensemble Sandbox. The primary purpose is to trial a wholesale central bank digital currency (wCBDC) as a settlement tool for tokenized deposits. Additionally, various tokenization trials will use tokenized deposits for settlement. Some of the four […]

Image by Ledger Insights The International Chamber of Commerce’s (ICC) Digital Standards Initiative (DSI) for trade documents has come a long way since its founding in 2020. In April it published a document that outlined no less than 36 different trade documents and associated standards. Now it has released a series of 22 case studies, […]

Image by Ledger Insights   Today Citi published its latest Securities Services Evolution whitepaper. DLT and digital assets is one of three topics covered. A survey of almost 500 institutions found that there is less demand for using CBDC for digital asset settlement than in the past. Instead, there’s a greater emphasis on alternative digital […]

Image by Ledger Insights   Adhara has partnered with Ownera for tokenization interoperability. The goal is that together, the two tech firms provide financial institutions with access to digital cash and collateral across different blockchain platforms.   Adhara is best known as the technology partner for the Fnality tokenized payment solution, which is backed by […]

Image by Ledger Insights JP Morgan, 8 Italian banks involved in Banque de France wholesale CBDC trials Image by Ledger Insights Image by Ledger Insights The Eurosystem is currently running trials for wholesale DLT settlement in central bank money. One of the three central bank payment solutions is a wholesale CBDC using the Banque de […]

Image by Ledger Insights   After keeping quiet about the progress of its central bank digital currency (CBDC) pilot for a year, the People’s Bank of China has now reported digital RMB volumes for two consecutive months. The cumulative figure to the end of June was RMB 7 trillion ($988 billion), up from RMB 6.6 […]

Image by The Crypto Times The center will act as a catalyst for technological innovation, providing startups with crucial resources and support. The Indian Institute of Management Lucknow’s Enterprise Incubation Centre (IIML-EIC) has announced the establishment of a Centre of Excellence in Blockchain Technology (CoE-BT), with support from the Government of Uttar Pradesh under its […]

Image by Ledger Insights Banco Central do Brasil has announced the 13 themes that will be trialed during the second phase of the DREX pilots. Santander, Visa, Mastercard and Google are amongst the participants in the 16 consortia, which involve over 50 companies.   DREX is a wholesale Central Bank Digital Currency (wCBDC) system where […]

Image by Ledger Insights   In April, Circle, the issuer of the USDC stablecoin announced it is willing to purchase tokens in BlackRock’s BUIDL tokenized money market fund (MMF) as a secondary market buyer. So BUIDL investors can sell their tokens 24/7 in exchange for USDC. This was a groundbreaking move for a fund issued […]

Image by Ledger Insights Three senior executives at stablecoin issuer, Circle, published a paper outlining a Token Capital Adequacy Framework (TCAF), inspired by the Basel Committee rules for banks. One of the most interesting aspects of the paper is the conclusion that the USDC stablecoin would not have suffered the Silicon Valley Bank (SVB) de-peg […]