Daily edition
Material developments in payments, digital finance and regulation, selected for an HKMA audience.
5 stories
The story shows wholesale tokenisation is being tested with real bank money in regulated cross-border payment flows, which could eventually reduce settlement friction if central banks and commercial banks align on implementation.
The PoC suggests banks may be able to use tokenized deposits to settle tokenized-asset and stablecoin flows with atomic finality while reducing reconciliation and counterparty-risk frictions.
If the pilot works, BPI could cut the cost and settlement time of overseas-to-Philippines transfers for workers and households that rely on remittances.
This suggests Canadian recipients of inbound international transfers may see a more predictable and potentially faster experience as major banks adopt shared cross-border retail payment rules.
The story signals that the UK is trying to move tokenisation from pilots to coordinated market-wide adoption, which could reshape settlement, financing and market infrastructure if policy and industry execution keep pace.