News list for " dlt"
Next Monday's meeting of the Eurogroup, an informal body of economic and financial ministers that meets to discuss issues related to the euro, will discuss tokenization, distributed ledger (DLT) technology and central bank funding for wholesale settlements, as well as the state of retail digital euros. Hyun Song Shin, economic advisor and head of the Monetary and Economic Department at the Bank for International Settlements (BIS), will participate in the discussion. He is involved in the Agora p...
On August 19, Finschia said that with the establishment of the Kaia DLT Foundation in the Dubai International Financial Centre and Abu Dhabi Global Market (ADGM), most of the preparations for the launch of the Kaia mainnet have been completed and will be launched on August 29, 2024. Previously, the Klaytn Foundation said that the two teams have been working hard since the Klaytn/Finschia chain merger proposal "Project Dragon" was passed, and today published a post to introduce the new brand Kaia...
The Bank of England has said it plans to conduct a series of experiments with distributed ledger technology (DLT) and wholesale central bank digital currencies (wCBDCs) to keep pace with changes in the payments landscape and assess the opportunities and risks presented by fintech developments. The bank said it will work with the Treasury, the Payment Systems Regulator and the Financial Conduct Authority to ensure that the unity of money is maintained even when it comes to stablecoins. That is, e...
The European Central Bank's wholesale DLT experiment using central bank currencies for settlement has inspired a number of institutions to issue digital bonds. The latest is LBBW subsidiary Berlin Hyp, which plans to issue a €100 million mortgage-backed digital bond on the SWIAT blockchain on August 2. This will be the first mortgage bond (Pfandbrief) to issue bearer bonds or "crypto securities" using German eWPG law. This means that the law no longer requires a physical certificate or the inv...
Palau has contracted Soramitsu Labs, a DLT firm, to develop a government bond issuance platform with the goal of using it as an investor for less than 20,000 people in Palau. Soramitsu is known for developing Cambodia's Bakong National Payment System and has CBDC projects in Laos, the Philippines and Vietnam. Palau plans to test the system later this year with the goal of issuing its first bond next year. Other countries such as the Philippines and Thailand have also used blockchain for governme...
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