Launched as part of the Monetary Authority of Singapore’s (MAS) Project Guardian, new pilot demonstrates how financial institutions can leverage existing Swift infrastructure to facilitate off-chain cash settlements for tokenized funds. Swift, UBS Asset Management, and Chainlink have completed a pilot for settling tokenized fund subscriptions and redemptions using the Swift network. This initiative would enable digital asset […]
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. […]
Gleipnir, Inc., a pioneering blockchain startup, has announced the launch of a fully tokenized business structure on the Polygon blockchain, signaling a major advancement in the financial sector. The company’s founder, Steve Dick, emphasized the significance of this groundbreaking initiative, which aims to revolutionize corporate shares and democratize investment opportunities on a global scale. Tokenization […]
