Federal Reserve Explores Asset Tokenization and Risk-Weighted Assets: A Deep Dive
The Federal Reserve has recently published a comprehensive working paper that takes an in-depth look into asset tokenization and its correlation with Risk-Weighted Assets (RWA). In a continuously evolving financial landscape, these innovative financial instruments have been in the spotlight due to t ...
CBDCs seen offering faster settlements by 87% global securities firms: Citi survey
Discussions around ways to shorten local settlement cycles within the next five years have got most securities firms eyeing local central bank digital currencies (CBDCs). CitiBank’s latest edition of the Securities Services Evolution whitepaper highlighted India’s recent move to T+1 settlements, ...
Australia’s Central Bank Concludes CBDC Pilot, Identifies Key Use Cases
Australia’s central bank has completed its pilot of a central bank digital currency exploring use cases for a potential digital dollar, finding it useful in four main areas, including enabling complex payments and asset tokenization. The Reserve Bank of Australia and the Digital Finance Coope ...
Venom Foundation Partners with Kenyan Government to Create Pan-African Blockchain Hub
Venture investment firm Venom Foundation announced a strategic partnership with the Kenyan government to create a pan-African blockchain hub. The company's Kenyan unit is going to focus on developing applications for Venom's Web3 solutions and blockchain for use in key se ...
BlackRock CEO Larry Fink Sees Cryptocurrencies Boosting Financial Inclusion
BlackRock CEO Larry Fink has expressed his view that cryptocurrencies could play a significant role in increasing financial inclusion worldwide. In a recent letter to investors, Fink reiterated BlackRock's commitment to supporting the emerging cryptocurrency industry and revealed that the company ...