DBS Bank Introduces Blockchain-Powered Treasury Token Pilot
The pilot offers DBS Treasury Tokens on a permissioned, EVM-compatible blockchain, improving corporate liquidity management across several markets. DBS Bank, a multinational banking and financial services company, has partnered with digital payment provider Ant International to launch a new blockchain-based treasury and liquidity management solution. On August 13, DBS Bank announced the pilot introduction of DBS […]
Hong Kong Virtual Banks Target Web3 Growth Amid Regulatory Challenges
Hong Kong’s virtual banks are exploring opportunities in the Web3 space despite capturing 0.3% of retail bank assets. Hong Kong’s virtual banks are reportedly facing a pivotal moment, capturing only a small share of the financial market with just 0.3% of the assets held by all retail banks. As reported by the South China Morning Post […]
Coinbase Adds New Directors To Its Board
While one of the new Coinbase directors has a wealth of experience in the management consulting industry, the other two have previously served under US presidents. Coinbase has expanded its board of directors with three new members, including a top OpenAI executive who once served as a political strategist for US President Bill Clinton in […]
Australian Securities Exchange Approves First Spot Bitcoin ETF
The Australian Securities Exchange has approved the VanEck Bitcoin ETF, which will begin trading on June 20. The Australian Securities Exchange (ASX), the third-largest stock exchange in Australia, has authorized the trading of its inaugural spot Bitcoin exchange-traded fund (ETF) on June 20. VanEck, an investment firm, will be the issuer of the VanEck Bitcoin […]
UK will launch Digital Securities Sandbox Q1 2024
The Digital Securities Sandbox of His Majesty’s Treasury will have “a new rule set that would allow it to do new things with digital securities.” By the first quarter of 2024, the United Kingdom will have its second crypto sandbox. It will emphasize digital securities explicitly. Helen Boyd, director of capital markets at the Financial […]