HKMA Offers Subsidies for Tokenized Bond Issuance
Hong Kong Monetary Authority has launched a three-year digital bond grant program that offers incentives of up to HK$2.5 million. Hong Kong has strengthened its position in the digital financial revolution by launching a new program designed to promote the growth of tokenized bonds in an effort to encourage blockchain usage. The program’s goal, unveiled […]
Echelon Launches Debt-Driven Move Appchain
Echelon Chain, a debt-driven Move appchain, has been introduced by Echelon as a decentralized lending protocol on Aptos. The Echelon team said on Nov. 28 that the appchain, which is based on Initia’s Interwoven Stack, uses Celestia’s modular blockchain technology. Echelon Chain’s launch comes after the Echelon Roadmap’s publication, which highlighted $132 million in borrowed […]
OKX Launches Crypto Trading Services in Belgium
OKX broadens its European presence by launching in Belgium and offering free Euro deposits through a collaboration with regional payment processor Bancontact. OKX, a cryptocurrency exchange headquartered in the Seychelles, has opened for business in Belgium. It provides various cryptocurrency services through its wallet and exchange, including spot trading and conversion. According to a press […]
Ondo Integrates LayerZero for Multi-Chain USDY Support
Ondo Finance, a tokenized real-world asset marketplace, has incorporated LayerZero’s interoperability protocol for multi-chain transfers of its tokenized assets. A statement states that Ondo will use LayerZero’s technology to broaden the market reach of its U.S. Dollar Yield (USDY) stablecoin. This yield-bearing tokenized asset is worth more than $452 million. The third-largest tokenized U.S. Treasury […]
Router Chain integrates Sui Network for Cross-Chain Experience
Users can now easily transfer tokens between Sui and EVM chains thanks to the Router Chain platform’s addition of the Sui network to its cross-chain ecosystems. Along with Tron (TRX), Osmosis (OSMO), Solana (SOL), and Bitcoin (BTC), Router Chain’s expanding portfolio now includes the Sui network. Users of Sui can use Sui’s connectivity directly through […]