Tag "Distributed Ledger Technology (DLT)"

Market Participants See Potential in DLT and Tokenization to Shorten Settlement Cycle

The clearing and settlement landscape is on the brick of a major transformation, driven by the accelerated pace of technology development and adoption. In the coming years, market participants expect the settlement timeframe to substantially shorten as technology continue to

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What You Need to Know About EU’s Crypto Framework

The European Union (EU) brings crypto-assets, crypto-asset issuers and crypto-asset service providers under a regulatory framework for the first time. The Council presidency and the European Parliament reached a provisional agreement on the markets in crypto-assets (MiCA) proposal which covers

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Project Helvetia Successfully Integrates DLT-Backed Wholesale CBDC Into Existing Core Banking Systems

In Switzerland, Phase II of Project Helvetia has been completed, successfully demonstrating that it is possible to integrate a wholesale CBDC (wCBDC) running on a distributed ledger technology (DLT) platforms into existing core banking systems. Kickstarted in 2020, Project Helvetia

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What are Stablecoins and What Risks and Opportunities Do They Bring?

Stablecoins, or digital tokens with values tied to fiat currencies or other assets, have surged in popularity over the past year on the back of booming cryptocurrency transaction activity, the emergence of decentralized finance (DeFi), and a large rise in

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SWIFT Assesses What Roles It Could Play in Future CBDC Ecosystem

As central banks around the world accelerate their digital currency efforts, international payment network SWIFT is assessing what roles it could play in this new future. In a new paper released on May 11, 2021 and produced in partnership with

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How Policy Makers Around the World are Addressing Asset Tokenization

Applications of blockchain and distributed ledger technology (DLT) in finance have proliferated in recent years, forcing policy makers around the world to step in and formulate rules in regard to asset tokenization. In a report released in January 2021, the

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German Ministry of Finance Calls for Blockchain-Based, Digital, Programmable Euro

At a time when China is trialing its own central bank digital currency (CBDC), European leaders must urgently come together and work collectively on the development of a digital, programmable euro, the Fintech Council of the German Federal Ministry of

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New Blockchain-Based Payment Systems Seek to Improve Cross-Border Trade Transactions

A new partnership between banking consortium Fnality International and software development firm Epam will seek to use blockchain technology to improve efficiency in cross-border trade transactions, enable faster trade settlement and reduce risk, Epam announced in a release on May

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Why Are 80% of Central Banks Looking into Digital Currencies?

In 2019, 80% of central banks were engaged in work related to central bank digital currency (CBDC), compared with 70% the previous year. Amongst these, 40% had progressed from conceptual research to experiments or proofs-of-concept, and 10% had developed pilot

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What is Stellar Blockchain, and Why it Matters

Since the launch of the Bitcoin protocol over ten years ago, a horde of blockchain projects have emerged to solve various problems in the financial services industry, and in the remittances and cross-border payments area, perhaps one of the most

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