Remove Digital Currency Remove Interbank Settlement Remove Treasury
article thumbnail

Project Ensemble: Hong Kong Embraces Asset Tokenisation With New Sandbox

The Fintech Times

Looking to harness this potential, the Hong Kong Monetary Authority (HKMA) launched ‘Project Ensemble’ in March earlier this year, a wholesale central bank digital currency (wCBDC) project, to support the development of the tokenisation market in the region.

article thumbnail

Bitcoin Daily: Banque de France Seeks CBDC Experiment Applications; Bitget Looks To Grow In The US

PYMNTS

The Banque de France is seeking applications “to experiment with a central bank digital currency for interbank settlements,” according to an announcement from the French central bank. ” The submission deadline for digital applications is May 15. .”

CBDC 98
article thumbnail

Hong Kong Monetary Authority Launches Wholesale CBDC Project to Develop Local Tokenisation Market

The Fintech Times

The Hong Kong Monetary Authority (HKMA) has begun ‘Project Ensemble’, a new wholesale central bank digital currency (wCBDC) project, to support the development of the tokenisation market in Hong Kong. It could forge a new FMI that bridges the gap between tokenised real-world assets and money in transactions.

CBDC 69
article thumbnail

A Closer Look At Ripple’s Money-Saving Claims

PYMNTS

We break down the company’s argument as presented in “ The Cost-Cutting Case for Banks: The ROI of Using Ripple and XRP for Global Interbank Settlements.” To achieve this, Ripple is placing its bets on XRP, a digital currency that the firm argues will be instrumental as a bridge asset to facilitate interbank transactions.

article thumbnail

Tales from the Crypto: Funding Startups, Fighting Fraud, and Why the U.S. is a CBDC Laggard

Finovate

lags behind its peers when it comes to central bank digital currencies (CBDCs), and learn about U.S. Swiss digital asset bank Sygnum scores new funding Has crypto winter yielded to the year’s first crypto unicorn? ” Report: U.S. Department of Justice charges – and a guilty plea- in a $1.9

CBDC 64