Tag: Financial technology
Indian Central Bank Takes Cautious Approach to CBDC Implementation
The Reserve Bank of India (RBI) is taking a cautious approach to the nationwide rollout of its Central Bank Digital Currency (CBDC), known as the e-rupee. Deputy Governor T. Rabi Sankar stated that the...
Franklin Templeton Launches $410M Money Market Fund on Ethereum Blockchain
Franklin Templeton has recently made a significant move by launching its OnChain U.S. Government Money Market Fund on the Ethereum blockchain. This allows the fund to be traded on Ethereum, which is currently the...
UK Government to Pilot Digital Gilt on Distributed Ledger Technology
The UK government is set to launch a pilot program to introduce a Digital Gilt Instrument using distributed ledger technology (DLT), according to a recent statement. This move is part of the government's efforts...
Digital Asset Investment Platform Proposed by Russia for Emerging Markets
Russian President Vladimir Putin recently put forth a proposal to create a digital asset investment platform within the BRICS bloc. This platform aims to enhance investment opportunities in emerging markets, particularly in South Asia,...
Real-Time Forex Swap Onchain: Citi and Fidelity Showcase Proof-of-Concept
Citi and Fidelity, two major players in traditional finance, have collaborated on a proof-of-concept for a digital foreign exchange swap within an onchain money-market fund. This innovative concept will be showcased at the upcoming...
HKMA Collaborates with Brazilian Central Bank for Cross-Border Tokenization Test
The Hong Kong Monetary Authority (HKMA) recently announced a new collaboration with Banco Central do Brasil (BCB) to further advance cross-border tokenization initiatives. This partnership aims to explore payment and delivery systems for trade...
Unlocking the Potential: How Bitcoin’s Original Blockchain Could Revolutionize DeFi
The developers behind the BOB project, which stands for "Build everything on Bitcoin," have introduced a new vision paper outlining a design for a hybrid layer-2 network that could potentially position Bitcoin as the...
The Future of Stablecoins: Allaire Predicts Trillion-Dollar Expansion in 10 Years
The future of stablecoins looks promising, according to Circle CEO Jeremy Allaire. He predicts that stablecoins could capture 5%-10% of the global money supply over the next decade. This growth could lead to the...
Tokenized Gold: The Latest Addition to the Digital Gold Market
Swarm Markets, a platform that deals with real-world assets and is licensed by the German regulator BaFin, has partnered with OrdinalsBot to offer a new investment opportunity in the digital gold market. This collaboration...
SocGen’s Euro Stablecoin Shifts to Solana Blockchain for Improved Performance
SG Forge, a subsidiary of Societe Generale, is making a strategic move by shifting its euro stablecoin, EUR CoinVertible (EURCV), to the Solana blockchain. This decision comes after the initial launch of EURCV on...