Daily edition
Material developments in payments, digital finance and regulation, selected for an HKMA audience.
5 stories
This suggests stablecoin-based settlement is moving from pilot-style positioning into live card-linked payments infrastructure in Bahrain, which could broaden options for regional issuers if adoption follows.
For payments and tokenisation markets, the bottleneck is no longer proving that deposit tokens can exist, but getting enough banks, legal clarity and settlement interoperability in place for them to work across institutions at meaningful scale.
The episode shows that a banking-sector shock can quickly pressure a major stablecoin’s peg and force changes in reserve management, reinforcing why reserve liquidity and transparency matter for payment stablecoins.
This shows a mainstream asset manager using a public blockchain to distribute a regulated money market fund share class without changing the underlying fund structure, which could lower operational friction for institutional cash products.
The case shows U.S. regulators are willing to coordinate large cross-agency penalties when firms fail to fix known AML monitoring and SAR-reporting weaknesses, especially after prior enforcement.