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 […]
UBS, SBI, and DBS have achieved a groundbreaking milestone by conducting the world’s first live repurchase transaction (repo) with a natively-issued digital bond on a public blockchain. This revolutionary transaction automatically and instantly settled a repo, digital bond purchase, and redemption using regulated digital payment tokens across entities in Japan, Singapore, and Switzerland. Part of […]
In a significant move towards fostering innovation in the asset management sector, the Economic Secretary to the Treasury’s Asset Management Taskforce, following its re-establishment in April 2023, has unveiled a Technology Working Group. Chaired by Michelle Scrimgeour, CEO of Legal and General Investment Management (LGIM), the group comprises industry experts collaborating closely with the Financial […]
