BOK to Test Feasibility of Tokenized Bank Money-Based Voucher
South Korea's central bank, in collaboration with the Financial Services Commission and the Ministry of Science and ICT, will test a tokenized deposit-based digital voucher system as part of its wholesale CBDC trials. The program aims to transition traditional paper and plastic vouchers to a digital format usable on smartphones for cultural, educational, and other purposes. This initiative is expected to simplify settlement processes.
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South Korea's central bank, in collaboration with the Financial Services Commission and the Ministry of Science and ICT, will test a tokenized deposit-based digital voucher system as part of its wholesale CBDC trials. The program aims to transition traditional paper and plastic vouchers to a digital format usable on smartphones for cultural, educational, and other purposes. This initiative is expected to simplify settlement processes.
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Particula to Assign an "A" to Backed' bIB01 US$ Treasury Bond 0-1 Year Token
Tracking the iShares $ Treasury Bond 0-1yr UCITS ETF, bIB0 is reflecting its strong market presence, regulatory backing, and secure infrastructure. While the token shows expanding utility and secure design, the rating also notes risks such as counterparty exposure, liquidity issues, and technical vulnerabilities. Primarily targeting professional investors, bIB01 is integrated across major blockchains like Ethereum and Polygon.
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Tracking the iShares $ Treasury Bond 0-1yr UCITS ETF, bIB0 is reflecting its strong market presence, regulatory backing, and secure infrastructure. While the token shows expanding utility and secure design, the rating also notes risks such as counterparty exposure, liquidity issues, and technical vulnerabilities. Primarily targeting professional investors, bIB01 is integrated across major blockchains like Ethereum and Polygon.
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UBS to Pilot Digital Cash For Blockchain-Based Multi-Currency Payments
The Swiss banks' pilot included domestic and cross-border payments in multiple currencies, such as U.S. dollars, Swiss francs, euros, and Chinese yuan. UBS Digital Cash leverages a private blockchain for permissioned clients, with smart contracts enabling automated settlement. UBS plans to expand the system, which enhances intraday liquidity management and cash visibility for clients.
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The Swiss banks' pilot included domestic and cross-border payments in multiple currencies, such as U.S. dollars, Swiss francs, euros, and Chinese yuan. UBS Digital Cash leverages a private blockchain for permissioned clients, with smart contracts enabling automated settlement. UBS plans to expand the system, which enhances intraday liquidity management and cash visibility for clients.
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Australia's RBA & DFCRC to Trial Wholesale CBDC for Asset Tokenization in 2025
The Reserve Bank of Australia (RBA), alongside the Digital Finance Cooperative Research Centre (DFCRC), has launched Project Acacia to explore wholesale CBDC and asset tokenization, inviting industry input by December 11. The project will focus on domestic wholesale settlement and include trials in 2025. Project Acacia will investigate five potential settlement models using tokenized deposits and wholesale CBDC, examining the tradeoffs of digital money models, like atomic settlement benefits versus central bank oversight.
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The Reserve Bank of Australia (RBA), alongside the Digital Finance Cooperative Research Centre (DFCRC), has launched Project Acacia to explore wholesale CBDC and asset tokenization, inviting industry input by December 11. The project will focus on domestic wholesale settlement and include trials in 2025. Project Acacia will investigate five potential settlement models using tokenized deposits and wholesale CBDC, examining the tradeoffs of digital money models, like atomic settlement benefits versus central bank oversight.
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Amazon to Simulate Tokenized Seller Receivables Settled With Stablecoins
During the Singapore Fintech Festival, Amazon conducted a blockchain tokenization simulation, which involved tokenizing seller receivables, allowing lenders to purchase them at a discount, which could enable sellers to access funds faster. Sellers received payments in the form of StraitsX's XSGD stablecoin, wrapped with Purpose Bound Money (PBM) to ensure regulatory compliance. Though promising, this was a trial, not an official Amazon solution.
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During the Singapore Fintech Festival, Amazon conducted a blockchain tokenization simulation, which involved tokenizing seller receivables, allowing lenders to purchase them at a discount, which could enable sellers to access funds faster. Sellers received payments in the form of StraitsX's XSGD stablecoin, wrapped with Purpose Bound Money (PBM) to ensure regulatory compliance. Though promising, this was a trial, not an official Amazon solution.
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Tether Trade Finance to Completes Stablecoin Funding of Middle Eastern Crude Oil Transaction
Financing $45 million for the loading and transport of 670,000 barrels of Middle Eastern oil between a major oil company and a top-tier commodity trader, this marks a significant move by Tether Investments. Separate from Tether’s stablecoin reserves, this venture uses Tether’s USD₮ to streamline payments, reducing costs and processing times compared to traditional methods.
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Financing $45 million for the loading and transport of 670,000 barrels of Middle Eastern oil between a major oil company and a top-tier commodity trader, this marks a significant move by Tether Investments. Separate from Tether’s stablecoin reserves, this venture uses Tether’s USD₮ to streamline payments, reducing costs and processing times compared to traditional methods.
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France's Caisse des Dépôts to Issue €100 Million in Tokenized Bonds
Partnering with BNP Paribas, Euroclear, and others, the issuance leverages Euroclear's D-FMI platform and the Banque de France's DL3S blockchain for secure settlement, accommodating both CBDCs and regulated stablecoins.
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Partnering with BNP Paribas, Euroclear, and others, the issuance leverages Euroclear's D-FMI platform and the Banque de France's DL3S blockchain for secure settlement, accommodating both CBDCs and regulated stablecoins.
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DWF Labs to Partner with UCLA for Tokenized Securities Education
The educational initiative is focused on tokenized securities aims to deepen institutional understanding of security token offerings (STOs). This collaboration, led by UCLA faculty member Alex Nascimento, will include DWF Labs in a case study for The STO Financial Revolution, a forthcoming book on blockchain's role in finance.
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The educational initiative is focused on tokenized securities aims to deepen institutional understanding of security token offerings (STOs). This collaboration, led by UCLA faculty member Alex Nascimento, will include DWF Labs in a case study for The STO Financial Revolution, a forthcoming book on blockchain's role in finance.
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Deutsche Bundesbank to Join Singapore’s Project Guardian
Deutsche Bundesbank will help test a blockchain platform for tokenized funds, aiming to leverage its expertise in supporting cross-border transactions and fostering frameworks for tokenized assets, especially in fixed income and asset management sectors.
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Deutsche Bundesbank will help test a blockchain platform for tokenized funds, aiming to leverage its expertise in supporting cross-border transactions and fostering frameworks for tokenized assets, especially in fixed income and asset management sectors.
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Intesa Sanpaolo to Issue Tokenized Commercial Paper as Part of ECB DLT Settlement Trials
The Italian bank has issued €10 million in commercial paper on Clearstream’s D7 platform, using the Bank of Italy’s TIPS Hashlink for settlement. With German participants favoring the Trigger solution, TIPS Hashlink has been used in only two transactions, including a €25 million digital bond by Cassa Depositi e Prestiti.
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The Italian bank has issued €10 million in commercial paper on Clearstream’s D7 platform, using the Bank of Italy’s TIPS Hashlink for settlement. With German participants favoring the Trigger solution, TIPS Hashlink has been used in only two transactions, including a €25 million digital bond by Cassa Depositi e Prestiti.
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STM October Market Update to Reveal $46 Billion Market Cap for Tokenized Securities
The report, which benchmarks the security token market against the CoinDesk 20 Index (CD20), provides insights into individual asset class performance. Covering 680 tracked tokens, it includes sections on key takeaways, quantitative highlights, asset class breakdown, on-chain liquidity products, a spotlight on Hashnote, and new token announcements.
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The report, which benchmarks the security token market against the CoinDesk 20 Index (CD20), provides insights into individual asset class performance. Covering 680 tracked tokens, it includes sections on key takeaways, quantitative highlights, asset class breakdown, on-chain liquidity products, a spotlight on Hashnote, and new token announcements.
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Particula to Shed Light on Navigating U.S. Regulatory Frameworks for Tokenized Fixed Income Products
Key U.S. structures include the Investment Company Act of 1940 for mutual funds, exemptions like Regulation S and D for international and private offerings, and the Delaware Statutory Trust (DST) for asset-backed securities. Registered transfer agents, governed by the Securities Exchange Act of 1934, play a crucial role in managing securities transactions and recordkeeping for bondholders.
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Key U.S. structures include the Investment Company Act of 1940 for mutual funds, exemptions like Regulation S and D for international and private offerings, and the Delaware Statutory Trust (DST) for asset-backed securities. Registered transfer agents, governed by the Securities Exchange Act of 1934, play a crucial role in managing securities transactions and recordkeeping for bondholders.
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AFME to Propose MiCA-Like Regulations for Tokenization to Address CSDR Issues with DLT
The Association for Financial Markets in Europe (AFME) has advised the EU to update its regulations to better support DLT and tokenization. Key recommendations include adapting the CSDR to allow DLT-based securities without requiring central securities depositories, which AFME argues is redundant with blockchain's capabilities.
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The Association for Financial Markets in Europe (AFME) has advised the EU to update its regulations to better support DLT and tokenization. Key recommendations include adapting the CSDR to allow DLT-based securities without requiring central securities depositories, which AFME argues is redundant with blockchain's capabilities.
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Anemoy’s Liquid Treasury Fund to Become First Tokenized Fund Rated by Moody’s and Particula
Moody’s awarded the Liquid Treasury Fund (LTF) an Aa rating due to its high-quality U.S. Treasury assets and Janus Henderson’s reputable management, while Particula gave an A+ rating, citing the fund’s robust blockchain integration, transparency, and regulatory compliance. This marks a significant milestone, underscoring institutional confidence in tokenized finance. Learn more about LTF
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Moody’s awarded the Liquid Treasury Fund (LTF) an Aa rating due to its high-quality U.S. Treasury assets and Janus Henderson’s reputable management, while Particula gave an A+ rating, citing the fund’s robust blockchain integration, transparency, and regulatory compliance. This marks a significant milestone, underscoring institutional confidence in tokenized finance. Learn more about LTF
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UK Likely to Issue Digital Gilts Within the Next Two Years
The UK Chancellor, Rachel Reeves, is expected to announce the issuance of digital gilts—tokenized government bonds on blockchain—in her Mansion House speech, slated within the next two years. Initially proposed in Spring 2024 and supported by industry group UK Finance, digital gilts are intended to complement the UK’s digital strategy, which includes the Digital Securities Sandbox.
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The UK Chancellor, Rachel Reeves, is expected to announce the issuance of digital gilts—tokenized government bonds on blockchain—in her Mansion House speech, slated within the next two years. Initially proposed in Spring 2024 and supported by industry group UK Finance, digital gilts are intended to complement the UK’s digital strategy, which includes the Digital Securities Sandbox.
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Avalon Labs to Launch Bitcoin-Backed USDa Stablecoin
USDa, the first Bitcoin-backed, overcollateralized stablecoin, launches with a supply of 100 million tokens backed by $200 million in Bitcoin. The stablecoin offers participants APYs between 20% and 50% on deposits, with a rewards system, and has achieved a total value locked (TVL) of $318 million.
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USDa, the first Bitcoin-backed, overcollateralized stablecoin, launches with a supply of 100 million tokens backed by $200 million in Bitcoin. The stablecoin offers participants APYs between 20% and 50% on deposits, with a rewards system, and has achieved a total value locked (TVL) of $318 million.
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Libeara & FundBridge to Launch US Treasury Fund on Avalanche
Libeara and FundBridge Capital are launching a tokenized U.S. Treasury bill fund on the Avalanche blockchain, following the debut on Ethereum back in October. Avalanche is gaining traction as a platform for tokenization, highlighted by DTCC’s recent pilot using tokenized Treasuries on its Evergreen subnet.
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Libeara and FundBridge Capital are launching a tokenized U.S. Treasury bill fund on the Avalanche blockchain, following the debut on Ethereum back in October. Avalanche is gaining traction as a platform for tokenization, highlighted by DTCC’s recent pilot using tokenized Treasuries on its Evergreen subnet.
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BIS to Appoint New Tokenization-Friendly General Manager
The Bank for International Settlements (BIS) announced that Pablo Hernández de Cos, former Governor of the Bank of Spain, will take over as BIS General Manager in July 2025, succeeding Agustín Carstens, who has strongly promoted financial digitalization, tokenization, and cross-border payment innovation. Meanwhile, tokenization-friendly François Villeroy de Galhau, Governor of the Banque de France, was re-elected as BIS Chair, bolstering continuity in BIS's innovative agenda.
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The Bank for International Settlements (BIS) announced that Pablo Hernández de Cos, former Governor of the Bank of Spain, will take over as BIS General Manager in July 2025, succeeding Agustín Carstens, who has strongly promoted financial digitalization, tokenization, and cross-border payment innovation. Meanwhile, tokenization-friendly François Villeroy de Galhau, Governor of the Banque de France, was re-elected as BIS Chair, bolstering continuity in BIS's innovative agenda.
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BlackRock to Launch BUIDL on Aptos, Arbitrum, Avalanche, Optimism and Polygon
BlackRock has announced the expansion of its tokenized USD Institutional Digital Liquidity Fund (BUIDL), initially launched on Ethereum, across multiple blockchain networks including Aptos, Arbitrum, Avalanche, Optimism, and Polygon. All about BUIDL
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BlackRock has announced the expansion of its tokenized USD Institutional Digital Liquidity Fund (BUIDL), initially launched on Ethereum, across multiple blockchain networks including Aptos, Arbitrum, Avalanche, Optimism, and Polygon. All about BUIDL
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Copper to Offer Custody Services for Tokenized Money Market Funds Such as BUIDL
Crypto custodian Copper has gained approval from Abu Dhabi's FSRA to allow clients to use tokenized money market funds, like BlackRock's BUIDL, as collateral in derivatives trades.
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Crypto custodian Copper has gained approval from Abu Dhabi's FSRA to allow clients to use tokenized money market funds, like BlackRock's BUIDL, as collateral in derivatives trades.
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Reltime & ISON to Launch €150M Tokenized Real Estate Investment in Norway
This collaboration, will allow global investors to buy digital tokens representing property shares, starting with the Oslofjord Project, through Reltime’s Real-World Asset Tokenization Platform, offering transparency and accessibility to high-value real estate investments.
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This collaboration, will allow global investors to buy digital tokens representing property shares, starting with the Oslofjord Project, through Reltime’s Real-World Asset Tokenization Platform, offering transparency and accessibility to high-value real estate investments.
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