Daily edition
Material developments in payments, digital finance and regulation, selected for an HKMA audience.
5 stories
A modernization of U.S. transfer-agent rules could reduce legal and operational friction for tokenized securities by clarifying how official ownership records may be maintained and updated.
Owning a bank could give TabaPay more direct control over payment and banking capabilities, potentially reducing reliance on third-party sponsor banks for some services.
A large bank consortium backing a stablecoin could accelerate mainstream use of tokenized money in payments and settlement.
The transaction is a practical example of a GBP stablecoin being used as settlement cash for tokenised government-bond exposure, suggesting how regulated stablecoins could plug into institutional RWA markets.
This signals a practical expansion of European account-to-account payment rails from P2P into recurring merchant billing, which could increase competition with cards for subscription collections.