The International Monetary Fund (IMF), the World Bank, the Bank for International Settlements (BIS), and Switzerland’s central bank have joined forces to explore the concept of tokenization. The collaboration aims to leverage tokenization technology to streamline financial processes and enhance global economic development. Tokenization involves converting traditional financial assets into unique digital tokens, enabling faster […]
Two financial titans, JPMorgan Chase and Apollo, have revealed their collaborative efforts to establish an enterprise mainnet through the Monetary Authority of Singapore’s (MAS) Project Guardian pilot project. This pioneering initiative aims to test and enhance digital assets for more efficient investment and management of discretionary portfolios, addressing challenges related to automated portfolio rebalancing and […]
By Pat Patel, Executive Director of Elevandi Today’s fragmented regulatory landscape inadequately serves the ambitious innovators aiming to revolutionise the finance and technology sectors. Although discussions about regulating Big Tech have been ongoing for years, little has been done to counterbalance the sector’s growing influence or to bolster emerging players that are striving to improve […]