Daily edition
Material developments in payments, digital finance and regulation, selected for an HKMA audience.
4 stories
The story suggests tokenized deposits are no longer mainly a technology build problem; scaling will depend on whether banks and regulators can align operating models, compliance treatment and cross-bank interoperability.
The dispute shows that tokenized equities may face adoption friction not because issuers reject tokenization outright, but because market-structure, disclosure, and investor-protection questions remain unresolved.
Even if no acquisition happens, the report underscores that major card networks are treating stablecoin and tokenization infrastructure as strategically important payments plumbing rather than a niche crypto add-on.
The launch shows another large traditional asset manager using tokenization on a live money market fund structure, suggesting on-chain fund distribution is moving from pilots toward operational treasury and liquidity use cases.