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Standard Chartered, Ant Complete First Blockchain-Based SGD Settlement

Fintech News

This solution leverages blockchain technology, including advanced encryption and AI, to enhance the efficiency and transparency of fund movements for improved global liquidity management. This achievement builds on a recent successful test settlement of a Hong Kong dollar (HKD)-denominated transaction between the two companies.

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BNY Sends Largest Instant Payment in U.S. History, $10 Million Following Transaction Limit Increase

Fintech Finance

The $10 million inter-company liquidity management payment, from a leading, global transfer agent, Computershare, to an account at another financial institution, marks a significant milestone in the evolution of instant payments, unlocking new opportunities for businesses to move money faster, optimize cash flow, and streamline financial operations.

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DBS Launches Blockchain-Powered Treasury Tokens Pilot With Ant International for 24/7 Treasury and Liquidity Management

Fintech Finance

DBS has announced the pilot launch of DBS Treasury Tokens, a next-generation treasury and liquidity management solution, in collaboration with Ant International. DBS Treasury Tokens enables Ant International to reduce the settlement of intra-group transactions from potentially days to seconds.

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Somalia Launches First Nationwide Instant Payment System Powered by BPC

Fintech Finance

Additionally, integrated settlement and liquidity management solutions, overseen by the Central Bank as the clearing and settlement agent, provide real-time net position updates and multiple settlement cycles, while a national QR payment standard known now as “SOMQR” enables fast contactless transactions with a simple scan.

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RTGS.global and TransferMate Announce Strategic Partnership to Streamline Cross-Border B2B Payments

Fintech Finance

By integrating with RTGS.global’s instant settlement infrastructure, TransferMate will deliver seamless, real-time international payments for RTGS.global’s business customers, reducing reliance on traditional banking intermediaries and eliminating the risk associated with moving money cross-border.

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Successful Migration of the Kenya Electronic Payment and Settlement System to the ISO20022 Global Messaging Standard

Fintech Finance

The Central Bank of Kenya (CBK) announces that the Kenya Electronic Payment and Settlement System (KEPSS) has been successfully migrated to the ISO20022 Global Messaging Standard (“ISO20022 Standard”). KEPSS, which is Kenya’s Real-Time Gross Settlement (RTGS) system, is operated by CBK to process large-value and time-critical payments.

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Ondo Finance Joins the Mastercard Multi-Token Network (MTN) as the First Real-World Asset (RWA) Provider

Fintech Finance

As the first tokenized RWA integrated into the MTN, Ondo’s Short-Term US Government Treasuries Fund (OUSG) will allow participating businesses to earn daily yield via tokenized assets with 24/7 subscriptions and redemptions, without the need for stablecoins onramps or settlement windows.

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