Drex Brazilian CBDC pilot will work on privacy, DeFi in phase 2
The Brazilian central bank has 13 participants for phase 2 so far, and it is willing to take on an unlimited number. Go to Source
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Brazilian CBDC Drex Envisioned to Replace Current Transaction System
Fabio Araujo, the coordinator of Drex, the Brazilian CBDC, envisions this network substituting the current national transaction system and moving all the funds currently settled by the Reserve Transfer System. However, he stated that this would take some time, as the cost of this migration would be significant. Drex Coordinator Envisions Total Substitution Of Traditional … Read more
Archax, Assetera partner to offer 91 tokenized funds in UK market
Assetera and Archax are collaborating to provide UK and global investors with regulated access to tokenized funds, including real-world and digital assets. Go to Source
Hong Kong’s Crypto Framework Near Completion — 11 Platforms Awaiting Approval
Hong Kong’s Securities and Futures Commission (SFC) has confirmed that the full regulatory framework for digital assets is set to be completed by next year, according to CEO Liang Fengyi. She also noted that 11 more crypto platforms are in the process of applying for licenses, with the first round of assessments already finished. SFC … Read more
Brazil tests DeFi elements, compatibility in Drex CBDC pilot
Brazil’s central bank is developing a synthetic central bank digital currency, which aims to blend decentralization, privacy and programmability. Go to Source
CFTC reportedly mulling accepting digital assets as trading collateral
The proposal faces multiple steps before approval, but its passage could ultimately be a boon for the digital assets market. Go to Source
Banks to join SWIFT digital asset trials in 2025
SWIFT said it is uniquely positioned to interlink the fragmented digital asset landscape with its upcoming digital currency trials in 2025. Go to Source
Digital Asset’s Canton Network tokenizes gold, Eurobonds, gilts
After a successful US Treasurys project, Digital Asset has turned its attention to collateralizing more bonds and gold. Go to Source
Taurus, Chainlink collaborate to facilitate institutional tokenization
Taurus teams up with Chainlink Labs to address challenges related to tokenized assets, including cross-chain mobility, data integration and security. Go to Source
Wall Street’s Guggenheim Treasury tokenizes $20M paper on Ethereum
According to Guggenheim Treasury Services, the product is the first digital version of commercial paper on the Ethereum network. Go to Source