While tokenization could offer numerous benefits for the financial system and broader economy, costs and risks also need to be considered. New BIS report highlights four key considerations for central banks: private sector initiatives; trade-offs between different types of settlement assets; sound regulation, supervision and oversight for tokenization; and the impact on monetary policy implementation. […]
Cow Group, in collaboration with leading tokenization technology provider DigiShares, has announced the launch of MyGold™, a gold-backed stablecoin aimed at revolutionizing stable asset investments. Launched on September 25, 2024, MyGold™ offers a unique blend of physical gold security and passive income potential through Cow Group’s Systematic Wealth & Income Multiplier (SWIM) program. MyGold™ is poised to become […]
iSHANG Technology Limited (iSHANG), a leader in Web3 enterprise solutions, has announced a major partnership with 3Business, the corporate brand of Hutchison Telecommunications (Hong Kong) Limited. The collaboration, part of the Cyberport Web3 Proof-of-Concept Subsidy Scheme, aims to introduce the Web3 Coupon Enterprise Solution (Web3-Coupon), an innovative platform that will revolutionize customer engagement and rewards by […]
