Daily edition
Material developments in payments, digital finance and regulation, selected for an HKMA audience.
5 stories
The launch shows another major bank using tokenized deposits to offer always-on corporate payments while keeping liquidity and settlement activity within bank deposits rather than shifting to stablecoins.
Pontes would give tokenised wholesale markets in Europe a central-bank-money settlement option tied into existing Eurosystem infrastructure, which could lower settlement risk and support broader institutional adoption.
This shows a major asset manager using tokenized fund share classes to make institutional cash products more transferable and interoperable without discarding the existing regulated fund framework.
It shows a major remittance provider trying to turn stablecoins from a back-end transfer tool into a consumer wallet-and-card spending product, which could pressure rivals to add similar dollar-value storage and spend capabilities.
A prolonged slowdown in migrant-driven remittance volumes could reshape the economics of cross-border money transfer providers, especially those still reliant on retail cash corridors.