Tag: Financial technology

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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...
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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...
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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...
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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,...
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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...
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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...
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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...
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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...
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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...
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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...