London-based financial powerhouse HSBC has made a significant leap into the world of digital assets, unveiling its gold tokenization platform on Wednesday. The move is part of the bank’s broader strategy to embrace blockchain technology and cater to the increasing demand for tokenized assets. HSBC’s gold tokenization platform, built on distributed ledger technology (DLT), allows […]
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, […]
