Klaudia Archimowicz’s Post

UK Finance’s Digital Innovation Summit During a panel session at UK Finance’s Digital Innovation Summit last week, a panel discussed the #digitalpound with that included senior representatives from Citi, the Bank for International Settlements – BIS, the Bank of England and Quant. “The grand vision is you have not only tokenised money but also tokenised assets." Rod Garratt, Senior Adviser, Bank for International Settlements – BIS Settlements #tokenisation #tokenization #assettokenization #tokenisationoffinance #tokenize #cbdcs #centralbankdigitalcurrency #digitalassets

The Hong Kong Monetary Authority recently set out expectations for banks looking to provide digital asset custody services, and sell and distribute tokenised products. This guidance continues the momentum of digital asset regulation in Hong Kong and aims to deliver more certainty for banks and securities firms seeking to capitalize on the latest developments. https://lw.link/WQOLge #DigitalAssets

Our Co-Founder and Head of Network Strategy, Eric Saraniecki, sat down with Disruption Banking in Zurich to discuss the Global Synchronizer, Canton Network, blockchains, capital markets, #tokenization, and disruption in finance. Eric shared valuable insights, including: “It is important to note that the Foundation does not govern the network, not even the members do. This is because the Canton Network is an unlimited number of databases. And, like the internet, there is no need for any single entity to govern the network. Each member governs their own application instead.” Read more: https://lnkd.in/edVWf5wM #PZF2024

HSBC explores tokenisation.    The banking giant just launched a new investment product tokenising the ownership of physical gold.    HSBC is using Distributed Ledger Technology (DLT) for the product, and it is investing more in the sector given the interest in ‘tokenisation solutions that can maintain a link to specific real-world use cases.’    Discover how this can boost the adoption of digital assets:    https://lnkd.in/e7yh8F8H    #digitalassets #banking #tokenisation 

"SIX Digital Exchange (SDX) announces that digital asset issuances facilitated on its platform will surpass 1 billion Swiss Francs (CHF) with the settlement of the CHF 200mn bond by the World Bank priced on 15 May (World Bank partners with Swiss National Bank and SIX Digital Exchange to advance digitalization in capital markets). This achievement marks a groundbreaking advancement in the realm of institutional adoption of digital assets, as SDX continues to lead the way in providing innovative solutions in partnership with customers and regulators. The participation of key issuers, including The World Bank, UBS AG, the City of Lugano, the Canton of Zurich, the Canton of Basel City, the City of St. Gallen and SIX Group AG, has been instrumental in advancing the Swiss Financial Centre’s digital transformation journey. Notably, several issuances have been part of SNB’s Project Helvetia Phase III, enabling settlements in Swiss Franc (CHF) wholesale Central Bank Digital Currency (wCBDC). Switzerland is the sole major financial center that has enabled the settlement of securities transactions in wCBDC." #switzerland #cryptoadoption #digitalassets #cbdc #crypto #cryptoassets

Hong Kong FinTech Week 2023: Cross-Border Success Factors - Euromonitor.com: Explore the key success factors for cross-border transactions discussed at Hong Kong FinTech Week 2023. Stay informed for strategic financial ... #finpeform #fintech

Companies mentioned in the news today: Wells Fargo, Economist Impact, Temenos, Central Bank of the UAE, Central Bank of Egypt, Jordan central bank, Iraq central bank, Valu, Deluxe, Aliaswire, Brazil, Visa, BaFin, Deutsche Bank, LexisNexis Risk Solutions, Coinbase, Monetary Authority of Singapore, Gemini, Distributed Technologies Research (DTR), Ex-Goldman, UBS, Broadridge, Muinmos, TConsult, Payments Innovation, Brick-and-Mortar, Revolut, FCA, UBS Asset Management, Tap, Zero Hash, Baton Systems, Coinbase Payment Institution Licence, WorkFusion, Visa, Expel, FCA, Revolut. Wells Fargo sells its private equity fund investments Economist Impact, Temenos conduct study on emerging trends in banking Central Bank of the UAE and Central Bank of Egypt join forces Jordan and Iraq central banks sign cooperation agreement Valu to launch in Jordan Deluxe partners with Aliaswire Brazil rolls out blockchain-based digital ID Visa programme fights global friendly fraud losses for small businesses BaFin appoints monitor at Deutsche Bank LexisNexis Risk Solutions releases new study on global financial crime costs Coinbase gets MPI licence from the Monetary Authority of Singapore Gemini to end operations in the Netherlands by mid-November 2023 Distributed Technologies Research (DTR) licences Dirham-backed stablecoin technology Ex-Goldman associate charged with insider trading UBS goes live opn Broadridge DLT-based repo platform Muinmos and TConsult ink deal over digital investor tax self-declarations Did Payments Innovation Kill Brick-and-Mortar? Revolut attracts FCA scrutiny over red-flagged accounts UBS Asset Management launches blockchain VCC fund pilot in Singapore Tap partners with Zero Hash to launch in the US Baton Systems launches automated settlement orchestration platform Coinbase gains Payment Institution Licence in Singapore WorkFusion releases AI transaction monitoring investigator Visa eneters alliance with Expel to help clients manage cybersecurity risks FCA probes Revolut over red-flag accounts This edition summarizes the news in Payments and Fintech for Oct 2, 2023. Don't miss out, subscribe to our Youtube channel at youtube.com/@baypayforum #payments #fintech #baypayforum #paykademy This episode is sponsored by PayKademy, the first business academy to learn Payments and Fintech at paykademy.com at your own pace when you want. This is the video version of the newsletter we send by email every day. We hope you enjoyed it and see you tomorrow for our next edition or on our website at baypayforum.com. You can read the details of the news at baypayforum.com/news.

In the series about a recent research paper by Oliver Wyman titled "Inside The Competition For Big Money" 🤑 How tokenization and digital money may transform high-value payments and wholesale finance Here is Part 2 💰 Reliable #DigitalMoney for #Tokenization: The future of payment networks and dominant forms of money require reliable and safe digital money for tokenization to scale. Corporate treasurers and asset managers need safe instruments for transacting and liquidity management, and trust in digital money's stable value. 🏛️ Policy: Central banks and policymakers play a vital role in maintaining trust and overseeing financial systems. They are exploring options like Central Bank Digital Currencies (CBDCs) and #tokenizing central bank money, while addressing challenges related to regulatory frameworks, singleness of money, and access to #tokenizedmoney. 🧩 Technology: Overcoming technical challenges is crucial for the full potential of #tokenization. Security, scalability, and governance are key considerations in building #blockchaininspired financial infrastructure. Achieving interoperability between different networks and ensuring data privacy are also significant challenges. 💼 Commercialization: Attracting users and valuable assets to networks is essential. Traditional banks and fintech firms may compete to develop the right products for clients, but the transition from legacy systems to DLT technology can be time-consuming and costly. Economic factors, regulatory changes, and client preferences will shape commercialization strategies. 🔮 Visions of the Future: The article presents four visions for how digital money may transform financial systems, including scenarios where traditional financial institutions continue to dominate, banks leverage relationships and #tokenizeddeposits, and consortia-led networks drive competition and innovation. These drivers will shape the future of money and financial markets, with a combination of policy, technology, and commercialization strategies determining the outcome. 🚀 Read the report here -> https://lnkd.in/eNgmfEnk Gregory Stone, Michael Wagner, Benjamin J., Steven Abel, Alex Lyall, Dean Faulkner, Frances Ferguson, Chris DeBrusk, Serdar Dincaslan, Tyler Wallace, Ryan Seaman, Amy Hamilton