Daily edition
Material developments in payments, digital finance and regulation, selected for an HKMA audience.
5 stories
If Swift can make tokenised deposits interoperable across banks, treasurers and financial institutions could eventually move regulated commercial-bank money across borders on a 24/7 basis without being confined to a single bank’s ledger.
This shows the ECB is moving from exploration to implementation governance for wholesale tokenised settlement, giving market participants a formal channel to shape how central bank money connects with DLT-based financial infrastructure.
This signals that U.S. bank regulators are moving from case-by-case crypto guidance toward an operational licensing and supervisory pathway for payment stablecoin issuance.
The deal shows a major Hong Kong bank and a large fintech using tokenization and DLT not as a standalone crypto project, but as part of practical cross-border treasury, liquidity and settlement infrastructure for enterprises.
The deal suggests fintechs are still using bank correspondent and FX infrastructure to strengthen cross-border payout reliability and settlement efficiency rather than relying only on standalone alternative rails.