Daily edition
Material developments in payments, digital finance and regulation, selected for an HKMA audience.
5 stories
If pursued, the project could shorten securities settlement times and create infrastructure for tokenized capital-markets transactions built around central-bank money.
This lowers the integration burden for banks already using Taurus to access Swift’s emerging tokenised-deposit payment rail instead of building separate connectivity from scratch.
If the pilot progresses, banks and corporates could get faster cross-border settlement and liquidity movement using real-time payment rails rather than slower legacy processes.
Clearer SEC custody rules could materially affect how U.S. advisers and funds structure digital-asset safekeeping, which in turn influences institutional participation in tokenized and crypto markets.
This signals a coordinated push by U.S. banking trade groups to build regulated on-chain payment and deposit infrastructure inside the banking system rather than cede those use cases to crypto-native networks.