Blockchain

New BIS Project Explores Wholesale CBDC for Faster, Cheaper Cross Border Payments

The Bank for International Settlements (BIS) has launched Project Rialto to test the potential for improving instant cross-border payments through a combination of a modular foreign exchange (FX) component and wholesale central bank digital currencies (wCBDC). Enhancing cross-border payments is

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Marketnode Raises Series A Funding from HSBC and Temasek

Marketnode, a Singapore-based digital market infrastructure operator, has announced the first close of its Series A investment round, led by HSBC with additional support from existing shareholder Temasek. The investment sum was not disclosed. The funding aims to scale Marketnode’s

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More Than a Quarter of Asian Financial Institutions Are Investing in Digital Assets

As the financial landscape undergoes a digital revolution, institutional investors are increasingly turning their attention to digital assets such as cryptocurrencies and Central Bank Digital Currencies (CBDCs). A recent report by SBI Digital Asset Holdings (SBI DAH) sheds light on

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Southeast Asia Shows Strong Interest in “Degen” Crypto Tokens

The Philippines has been uncovered to be the leading country in Southeast Asia showcasing overall interest in degen crypto and small cap cryptocurrency tokens, according to an extensive recent update from crypto resource platform CoinGecko. The research study released by

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Singapore’s peaq Among 5 Global Startups in Mastercard’s Blockchain Accelerator

Payment giant Mastercard has announced the inclusion of five global startups in its Start Path Blockchain and Digital Assets programme. This initiative aims to enhance user experiences and expand the applications of blockchain technology in solving real-world problems. Singapore-based startup

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BIS’ Project Agorá Opens to Private Sector for Tokenised Cross-Border Payments

Project Agorá, an initiative by the Bank for International Settlements (BIS) alongside major central banks and the Institute of International Finance (IIF), is moving forward and inviting private sector involvement. The project aims to explore how tokenisation can improve wholesale

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Deutsche Bank Joins MAS’ Project Guardian to Explore Asset Tokenisation

Deutsche Bank has announced its participation in the Monetary Authority of Singapore’s (MAS) Project Guardian. This initiative focuses on exploring the potential of asset tokenisation in regulated financial markets. Project Guardian, a multi-year effort, involves collaboration between global policymakers such

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Tenity and XDC Network Launch Accelerator for Early-Stage Blockchain Startups

Tenity, an innovation ecosystem specialising in early-stage fintech startups, has partnered with XDC Network to introduce a new accelerator programme aimed at revolutionising the US$28 trillion global trade industry. The 12-week XDC Accelerator Programme invites startups to develop solutions using

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Bank of Thailand Concludes Retail CBDC Pilot Programme, Reveals Key Findings

As digital technologies continue to transform the financial landscape, central banks worldwide are exploring the potential of Central Bank Digital Currencies (CBDCs). Thailand, under the guidance of the Bank of Thailand (BOT), has been at the forefront of this movement,

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KASIKORNBANK, J.P. Morgan Set to Reduce Cross-Border Payment Times to Minutes

Thailand’s KASIKORNBANK, in partnership with J.P. Morgan, has introduced Project Carina, a new initiative aimed at accelerating cross-border payments through blockchain technology, according to RYT9. Announced at Money20/20 Asia in Bangkok, the project integrates KASIKORNBANK’s Quarix blockchain with J.P. Morgan’s

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