Category: Digital Currency

April 29, 2025 BY Sam Boughedda

Mastercard Unveils New Capabilities to Power Stablecoin Transactions

The global payments giant said it is aiming to bring digital currencies into the mainstream by enabling transactions from wallets to checkouts. The initiative is part of Mastercard’s broader strategy to integrate blockchain-based assets into traditional finance.  The company has partnered with OKX and Nuvei to support stablecoin transactions across its network, allowing consumers to…

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Broadridge
April 14, 2025 BY Sam Boughedda

Broadridge and Fnality to Collaborate On Real-Time Settlement for Intraday Repo Transactions

The collaboration integrates Broadridge’s Distributed Ledger Repo (DLR) platform with Fnality’s Payment System (FnPS), enabling delivery versus payment (DvP) using digital representations of funds held at central banks.  Broadridge said in a press release that the initiative is expected to improve efficiency, optimise liquidity management, and reduce operational risk in repo markets. “This leap forward…

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Standard Chartered bank HQ
February 17, 2025 BY Sam Boughedda

Standard Chartered, Animoca Brands and HKT Establish JV For HKD-Backed Stablecoin

SCBHK, which has actively participated in HKMA’s tokenised money projects, will contribute its bank-grade infrastructure and governance to the JV.  “Stablecoins play a critical role in the overall digital asset ecosystem,” said Bill Winters, Group Chief Executive of Standard Chartered. “Standard Chartered’s bank-grade infrastructure, governance and global reach mean that we are in a good…

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Standard Chartered bank HQ
December 12, 2024 BY Sam Boughedda

Standard Chartered and Paxos Announce Partnership

Through the collaboration, the company explained that Standard Chartered will deliver a range of services, including cash management, trading, and custody, strengthening the infrastructure supporting USDG and USDL in Singapore and the UAE.  According to Paxos, both stablecoins are fully backed by US dollar reserves and operate under strict regulatory oversight. The company added that…

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Central Bank of Brazil
October 28, 2024 BY Sam Boughedda

HKMA and BCB Collaborate on Cross-Border Tokenisation Initiatives

The two central banks explained that they will link their experimental central bank digital currency (CBDC) infrastructures, Ensemble Sandbox and Drex pilot platform, to explore payment-versus-payment (PvP) and delivery-versus-payment (DvP) settlement use cases in areas such as trade finance and carbon credits. The partnership builds on a 2018 agreement between the two organisations to foster…

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Eurex ESG
October 24, 2024 BY Sam Boughedda

Eurex Clearing Successfully Participates in ECB's Digital Money Trials

The company took part in the Eurosystem's exploratory work on new technologies for wholesale central bank money settlement, with the initiative, led by the European Central Bank (ECB), aiming to explore the potential of distributed ledger technology (DLT) in enhancing financial market infrastructures. Eurex explained that the trials focused on cash settlement in cleared intraday…

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November 23, 2023 BY Elizabeth Anderson

Another blockchain cyber attack: HTX and Heco Bridge in trouble

Despite initially appearing as separate, coincidental attacks, both incidents were allegedly performed by the same party due to the similarity in exploitative techniques and the connection between both targets. In response to the security breach, HTX exchange has taken precautionary measures by temporarily suspending withdrawals from its platform. _____________________________________________________________________________________________________________________________________ Don’t miss out the latest news,…

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May 18, 2023 BY Steffy Bogdanova

The FedNow digital USD to be released in July 2023

Conspiracy theories A digital currency could allow countries to bypass traditional payment systems and engage direct trade with the US and by doing so, reduce the role of intermediaries like banks. Some have suggested that a digital currency could allow the US to default on its debt without actually defaulting. This could be possible if…

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