Reserve Bank of India: Shaping the Digital Rupee Landscape
According to sources cited by Reuters, the Reserve Bank of India (RBI) is collaborating with banks to introduce innovative features intended to promote the digital rupee. These enhancements encompass several vital developments. Firstly, they involve facilitating offline digital rupee transactions and seamlessly integrating e-rupees into India’s widely utilized Unified Payments Interface (UPI). The UPI is […]
Taiji Capital’s Launches Inaugural Real Estate STO
Taiji Capital Group reportedly made history by initiating Hong Kong’s first Real Estate Fund Security Token Offering (STO), as a local news source reported. Under the management of its subsidiary, Pioneer Asset Management, the closed-end investment fund will issue tokens exclusively to professional investors to raise approximately HK$100 million. This initiative will raise funds to […]
Avalanche HyperSDK Blockchain Tops 143K TPS on Testnet
Ava Labs is currently conducting trials on a high-capacity infrastructure framework designed to empower developers to create their personalized virtual machines. The testnet of Avalanche, a layer-1 blockchain network , reportedly achieved a remarkable throughput of more than 140,000 transactions per second while testing its HyperSDK blockchain upgrade. Presently, Avalanche is testing a framework designed […]
Ripple’s Fortress Trust Acquisition Expands US Licensing
Fortress possesses a Nevada Trust license, enabling them to provide asset custody services, whereas Ripple holds in excess of 30 licenses spanning various jurisdictions within the United States. Ripple, a financial technology company, has announced its intention to acquire Fortress Trust to acquire additional regulatory licenses in the United States. This development was disclosed in […]
Nasdaq gets SEC Approval for AI trading Orders
Artificial intelligence-driven order classification has the potential to further enhance the efficiency of stock trading. The United States Securities and Exchange Commission (SEC) has approved Nasdaq’s request to launch the first AI-driven order type on September 8. This innovative system, dubbed the “dynamic midpoint extended life order” (M-ELO), develops upon the existing M-ELO automated order […]