More than 40 financial institutions and eight central banks have tested a shared platform for tokenised cross-border payments under Project Agorá. The initiative, led by the Bank for International Settlements (BIS) and the Institute of International Finance (IIF), is exploring whether tokenisation can improve wholesale cross-border payments. Its prototype combines tokenised central bank reserves and [...] The post Eight Central Banks Test Tokenised Cross-Border Payments Under Project Agorá appeared first on Fintech Singapore .
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In yesterday’s Mansion House speech, the UK’s Chancellor Rachel Reeves confirmed that the issuance of the country’s digital government bond, DIGIT, will take place in early 2027, making the UK the first G7 country to issue a digital sovereign bond. Simultaneously, a joint US-UK statement on stablecoins was published alongside the recommendations of the Transatlantic […] The post UK-US Transatlantic Taskforce prioritizes tokenized assets, stablecoins appeared first on Ledger Insights - blockchain for enterprise .
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Global financial messaging network SWIFT has launched a blockchain-based shared ledger and is preparing to begin live pilots with 17 major banks marking one of the banking industry’s biggest moves toward tokenized cross-border payments. The pilot will allow participating institutions, including HSBC, Citi, BNP Paribas, UBS, Standard Chartered, DBS, ANZ, BNY, Wells Fargo and others, to move tokenized bank deposits across borders 24 hours a day, including nights and weekends, while continuing to settle transactions through existing banking infrastructure. […]
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Swift has made the initial phase of its blockchain-based ledger available for use, with banks preparing to pilot live transactions. The financial messaging network is enabling 17 global banks to pilot 24/7 cross-border payments using tokenised deposits through the new ledger. The shared ledger provides participating financial institutions with a secure orchestration layer. Banks can [...] The post Swift’s Blockchain Ledger Enters Pilot Phase with 17 Global Banks appeared first on Fintech Singapore .
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Mastercard has opened the fourth edition of its Innovation Circuit in Singapore to examine how AI agents, digital identity and tokenisation could reshape payments. The programme, themed “Next Lap in Payments,” is being held at the Mastercard Experience Center in Singapore, its Asia Pacific innovation hub. It brings financial institutions, fintechs, merchants and other partners [...] The post Mastercard Launches Its Fourth Edition of Innovation Circuit in Singapore appeared first on Fintech Singapore .
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In preparation for a talk at the ECB Forum today, the Bank of Korea published a paper on its unified ledger Project Hangang (Han River). It involves tokenized deposits from commercial banks, with interbank settlement using a wholesale CBDC. Seven banks participated in Phase I earlier this year, expanding to nine for Phase II which […] The post Korea’s unified ledger paper is silent on privacy. Central banks should take note appeared first on Ledger Insights - blockchain for enterprise .
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Asset management giant, Invesco, has filed with the U.S. Securities and Exchange Commission to launch a tokenized money market fund designed for the rapidly expanding stablecoin reserve market marking the firm’s latest push into on-chain finance as Wall Street intensifies efforts to capitalize on digital asset infrastructure. The proposed Invesco Stablecoin Reserves Onchain Fund would issue fund shares directly on public blockchains while investing in cash, short-term U.S. Treasuries and overnight repurchase agreements backed by Treasuries, the types of […]
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INFINIOS has signed an agreement with Circle Internet Financial to integrate stablecoin infrastructure into its digital payment and treasury products. The company will use USDC, EURC, and API-enabled onchain capabilities to support institutional and enterprise clients across the Middle East. The integration targets cross-border payments, treasury and liquidity management, merchant settlement, platform payouts, tokenised financial [...] The post INFINIOS and Circle Partner to Expand Stablecoin Infrastructure in the Middle East appeared first on Fintech News UAE .
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HSBC has partnered with Mastercard to launch a mobile virtual card solution for corporate clients in the UAE. By embedding tokenised virtual commercial cards directly into digital wallets, businesses can now manage contactless business and travel expenditures more easily. Using the Mastercard In Control for Mobile Payments platform, HSBC becomes the first global bank to [...] The post HSBC and Mastercard Introduce Mobile Virtual Corporate Cards in UAE appeared first on Fintech News UAE .
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