News list for " Monetary Authority"
Hong Kong's central bank, the HKMA, has launched a scheme to subsidize part of the cost of issuing tokenized bonds, aiming to encourage greater adoption of tokenization in its capital markets. According to the Nov. 28 announcement and accompanying guidance, HKMA's Digital Bond Funding Scheme (DBGS) will provide a subsidy of up to 50% of "qualifying expenses" for each eligible digital bond issue, subject to a maximum amount. Hong Kong Financial Management...
According to official news, the HKMA announced the launch of the "Digital Bond Funding Scheme", which originated from the 2024 Policy Address and aims to promote the development of the digital securities market and encourage the wider use of tokenization technology in the capital markets. The scheme is now open for applications for a period of three years. Eligible digital bond issuance in Hong Kong can be funded up to HK $2.50 million.
The Monetary Authority of Singapore today announced plans to advance the tokenization of financial services, including the formation of commercial networks to deepen the liquidity of tokenized assets; the establishment of a market infrastructure ecosystem; the cultivation of an industry framework for the implementation of tokenized assets; and the use of common settlement facilities for tokenized assets.
HKMA announced the development of innovative financial marekt infrastructure through the Ensemble project to advance the development of the Hong Kong tokenization market, and partnered with the Bank of Thailand to explore cross-border tokenization use cases. Jing Xiandong, chairperson and CEO of Ant Group, believes that tokenization has a great impact on global cross-border transfer. At present, SMEs have many pain points in the payment experience when doing cross-border business, such as expens...
According to Hong Kong media reports, the Hong Kong Monetary Authority announced the list of participants in the sandbox of stablecoin issuers in July this year. Standard Chartered is one of them. Dominic Maffei, head of digital assets and financial technology at the bank, said that Standard Chartered's research direction is to launch "universal stablecoin", that is, a coin can be linked to different application scenarios to expand future development potential.
The HKMA (HKMA) has launched the second phase of its Digital Hong Kong Dollar (e-HKD) pilot study, where 21 Financial Institution Groups are studying 11 use cases for central bank digital currencies and tokenized deposits. In light of the expanding scope of the project, the HKMA has renamed it the "e-HKD + Project", and the new phase of the project will have its own sandbox for about a year. The e-HKD + project will focus on three themes: tokenized asset settlement, programmability, and offline ...
On September 23rd, according to the HKMA (HKMA) official website, the HKMA today launched the second phase of the "Digital Hong Kong Dollar" pilot program to further explore new digital currencies that can be used by individuals and businesses, including "Digital Hong Kong Dollar" and tokenized deposits. The project name has been changed to "Digital Hong Kong Dollar +" to reflect the broader exploration of the digital currency ecosystem. The 11 selected institutions will conduct innovative use c...
The Hong Kong Financial Services and the Treasury Bureau and the Hong Kong Monetary Authority Deputy Secretary Chen Haolian reiterated at the event that necessary preparations are being made for the legislation on the regulatory regime for fiat currency stablecoin issuers, with the goal of submitting the draft legislation to the Legislative Council by the end of this year. The Hong Kong government is committed to the development of virtual assets and the third-generation Internet (Web 3...
OKX SG is licensed as a major payment institution by the Monetary Authority of Singapore. OKX Star said on social media that it will continue to invest, build and support the local fintech community and blockchain ecosystem in Singapore. We take seriously the commitment of global regulators and continue to build OKX into a highly compliant cryptocurrency company. More than 10% of our employees are professional lawyers and compliance managers. At the same time, we also focus on innovation and wil...
China Asset Management (Hong Kong) has announced its participation in the first phase of the HKMA Ensemble Sandbox Project's fixed income and investment fund use case theme. China Asset Management (Hong Kong) said it hopes to contribute to the development of Hong Kong's tokenization market through its digital asset management experience and innovation capabilities.
In the first phase of the Ensemble (sandbox) project announced by the HKMA, the first domestic order based on new energy physical assets RWA completed by Ant Digital and Langxin Technology in Hong Kong was officially announced. This is one of the four tokenization theme cases in the progress of the HKMA sandbox project, and it is also the case that has attracted the most attention.
HKMA and Hong Kong Cyberport Launch Generative Artificial Intelligence Sandbox. The new GenA.I. Sandbox is a ground-breaking initiative to promote responsible innovation and development of GenA.I. in the banking industry, according to HKMA Chief Executive Officer David Yu. The sandbox will assist banks in testing various innovative use cases of GenA.I. within a risk-controlled framework, and provide the required technical support and targeted regulatory advice. We encourage banks to make full us...
HKMA today released a review report on virtual banks. According to the review results, the development of virtual banks has so far achieved three policy objectives for the introduction of virtual banks in Hong Kong. In addition, the innovative banking business model of virtual banks using technology as the leading is widely accepted in the Hong Kong market. By the end of 2023, the number of depositors of virtual banks reached 2.20 million. The market responded well to the products and services o...
HKMA posted on social media that as HKMA promotes the development of digital assets through initiatives such as the sandbox of stablecoin issuers, be vigilant against scammers. Explore digital assets securely, understand their nature and risks, carefully assess an individual's risk tolerance, and make informed decisions.
The Monetary Authority of Singapore (MAS) has committed 100 million Singapore Dollars (74.36 million USD) to bolster quantum computing and artificial intelligence capabilities in its financial sector, aiming to help local Financial Institution Groups build quantum computing infrastructure and accelerate the development and adoption of artificial intelligence.
7x24 Newsflash
Hot News
