In a significant move towards bolstering its position as a global virtual asset hub, Hong Kong’s Securities and Futures Commission (SFC) has announced guidelines allowing the tokenization of securities and regulated funds. The circular, issued on Thursday, provides a framework for regulated intermediaries, including fund managers, to issue tokenized securities, described as “blockchain-based tokens that […]
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 […]
