01
Visa joins MAS-led BLOOM initiative for stablecoin settlement pilot
If the pilot works, payment firms could gain access to cross-border settlement outside normal banking hours, reducing delays tied to business-day cutoffs.
Daily edition
Fintech / Payments Brief
Material developments in payments, digital finance and regulation, selected for an HKMA audience.
5 stories
Today’s brief
02
SBI leads $68m raise by stablecoin powered Islamic bank Fasset
The deal signals continued investor backing for stablecoin-based cross-border payment infrastructure that aims to connect regulated financial institutions rather than operate as a standalone crypto product.
03
EDX Markets adopts Figure’s YLDS as collateral and treasury asset
This shows a tokenized, yield-bearing onchain dollar instrument moving beyond investment use into collateral and treasury management inside institutional crypto market infrastructure.
04
Vanguard, Wellington test tokenized MMF collateral on Canton via Nasdaq Calypso
If asset managers can post tokenized money market fund shares through existing collateral systems, they may be able to mobilize collateral faster without forcing institutions to abandon established workflows.
05
White House meeting boosts industry hopes for the CLARITY Act
If White House engagement helps unblock the bill, crypto firms could get closer to a clearer U.S. market-structure framework after a prolonged period of legislative uncertainty.