Entities providing tokenization tech have a limited track record and may contribute to increased risk, a new report by analysts at the credit-rating agency says.
UK to Cooperate With Crypto Industry on Legislation for Digital Securities
The government said its plans for a digital securities sandbox (DSS) were largely welcomed by respondents.
IOTA makes 40%+ move after $100M ecosystem foundation announcement
IOTA price saw a high volume surge that took the altcoin to a near 1-year high, but are there reasons to support further upside?
IOTA launches $100 million Abu Dhabi foundation for Middle East expansion
The IOTA Ecosystem DLT Foundation is the first to receive approval from regulators in Abu Dhabi after its financial authority passed a new, related law earlier in the month.
Decentralized file sharing, explained
Decentralized file sharing is a peer-to-peer network system where files are distributed across multiple nodes, eliminating the need for a central server.
Blockchain adoption continues unabated — Bloomberg analyst
Blockchain adoption has been “unabated” throughout bull and bear markets over the past years, says Bloomberg analyst Jamie Coutts.
Abu Dhabi Enacts DLT Framework for DAOs, Web3, TradFi Firms
AI and blockchain will ‘reshape sectors’ and create new markets from scratch — Moody’s
According to an analysis from Moody’s Investors Service, AI and distributed ledger technologies are set to disrupt companies, industries, and economies across the globe.
Blockchain, AI Set to Transform Financial Markets: Moody’s
Incorporating AI and DLT into business models may require “substantial investment” at first – but could help lower expenses and improve market liquidity over time, a new report said.
CBDCs offer faster settlements: Citi survey of global securities firms
The year-on-year growing support CBDCs is supported by ongoing domestic pilots and cross-border initiatives in various jurisdictions, banking giant Citi found.
UK Move to Digitize Trade Documents Could Rely on Blockchain, Government Says
The Electronic Trade Documents Act, set to take effect later this year, could make use of blockchain tech to improve security and reduce costs.
Wholesale CBDC Would Improve Cross-Border Payments, French Central Bank Tests Show
The French Central Bank has determined that its wholesale central bank digital currency (wCBDC) would improve cross-border payments, it announced on Friday.
Gaining speed on tokenization is vital for UK’s financial future, banking group warns
UK Finance says it’s not too late for the United Kingdom to make up for other jurisdictions’ faster start to securities tokenization, and the country better do it if it wants to remain a global financial leader.
NY Fed, banks wrap up regulated liabilities network proof-of-concept using wCBDC
The theoretical network would help the dollar maintain its status internationally with “game-changing” improvements in service.
Singapore central bank reports on tokenized asset network models after trials
Three trial use cases have been completed as part of the project, and the report uses them as a “framework for consideration” of financial market infrastructure.
BIS releases unified-ledger proposal for cross-border, tokenized asset transactions
Like the IMF’s single-ledger proposal released a day earlier, BIS’ unified ledger uses familiar concepts, such as tokenization, without the blockchain.
Distributed ledger tech could save TradFi $100B a year: Lobby group
A new report from the Global Financial Markets Association says regulators need to take distributed ledger technology more seriously.
China launches national blockchain center to train half a million specialists
The institution will reportedly train more than 500,000 specialists in distributed ledger technology.
Argentina says no to crypto payments, France tolerates ‘finfluencers’: Law Decoded, May 1–8
Argentina’s central bank banned payment providers from offering crypto transactions, adding that it intends to reduce the country’s payment-system exposure to digital assets.
White House to build international standards for DLT
The White House national strategy listed eight emerging technologies, focusing on building international standards and finding use cases in the economic sector.