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. […]
Original story published by Coindesk. State Street, the Boston-based banking and asset management giant, is moving forward with plans to tokenize bonds and money market funds as part of its digital asset strategy. However, the company has no immediate plans to issue a stablecoin or develop tokenized deposits, according to Donna Milrod, State Street’s Chief […]
HSBC has issued a HK$1 billion (US$128 million) digital note using distributed ledger technology (DLT), marking a significant milestone in the digitization of Hong Kong’s financial markets. The one-year bond, listed on the Hong Kong Stock Exchange (HKEX), is the first digital note issued by a Hong Kong company and the first under English law […]
