Fusang Exchange has listed the world’s first tokenized sukuk linked to a sovereign instrument, making an A-1 rated sukuk available to global institutions. The exchange, located in Labuan, Malaysia, reported the digitisation of the sukuk issued by the International Islamic Liquidity Management Corporation (IILM), aiming to ease liquidity issues in Islamic finance. The digital sukuk, […]
R3‘s enterprise distributed ledger technology (DLT) platform, Corda, has played a pivotal role in the issuance of the first live digital bond by Euroclear’s International Central Securities Depository (ICSD). This significant milestone represents a major stride in Euroclear’s ongoing Digital Financial Market Infrastructure (D-FMI) initiative, focusing on enhancing transparency, speed, and resilience in the bond […]
In a significant stride towards the future of finance, the Monetary Authority of Singapore (MAS) has unveiled a strategic partnership with the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA), and the United Kingdom’s Financial Conduct Authority (FCA). Together, these regulatory powerhouses are set to drive digital asset pilots in […]