Daily edition
Material developments in payments, digital finance and regulation, selected for an HKMA audience.
5 stories
Saudi Arabia’s exit suggests major central banks may still treat multi-CBDC cross-border rails as experimental, which could slow confidence in scaling alternative settlement infrastructure.
This gives euro-area tokenised securities markets a live central-bank-money settlement rail and signals official-sector willingness to use it, which could help institutional issuance and trading move from pilots toward production.
The partnership points to a practical attempt to reduce cross-border settlement friction by giving participating banks more continuous access to liquidity outside legacy operating windows.
This signals that Brazil is moving from tokenization discussion to regulator-led market testing, which could shape how tokenized securities are issued, traded and settled under future rules.
The story suggests that even where a central bank lacks formal licensing power, senior policymaker pressure can still shape market access for major crypto firms in Europe.