Daily edition
Material developments in payments, digital finance and regulation, selected for an HKMA audience.
5 stories
Saudi Arabia’s exit underscores that even high-profile cross-border CBDC projects may remain limited to pilot or proof-of-concept participation, affecting expectations for commercial rollout and network scale.
This gives Europe’s tokenised capital markets a live central-bank-money settlement rail while signaling official-sector support for tokenised bond market development.
Any change to MiCA reserve or issuance rules could reshape how EU stablecoin issuers manage liquidity, structure reserves, and organize cross-border issuance.
A coordinated multi-bank tokenized-deposit project could influence how regulated bank money is modernized for faster and more programmable interbank payments in Canada.
A live bank-issued stablecoin settlement use case on a major card network suggests tokenized payment rails are moving from pilot projects into production-scale card infrastructure.