Daily edition
Material developments in payments, digital finance and regulation, selected for an HKMA audience.
5 stories
This shows a major Korean bank moving from pilot-style blockchain experimentation toward client-facing cross-border payment operations, which could pressure other regional banks to offer always-on treasury and payment services.
If BNY can extend Treasury settlement beyond Fedwire hours, stablecoin issuers, tokenized fund operators and other market participants could move collateral and reserves more quickly across weekends and global trading windows.
If the Fed proceeds, the final guardrails will shape whether newer digital-asset or payments-focused institutions can gain direct access to U.S. central bank payment rails, affecting competition, settlement design and compliance burdens.
This suggests a cross-border payments provider is investing in infrastructure that could make stablecoin-based funding, settlement, and treasury services more usable for mainstream business payments.
The results suggest incumbents like Visa are still benefiting from strong card spend while using that scale to extend into newer payment rails such as push payments, tokenized commerce and stablecoin-based infrastructure.