Daily edition
Material developments in payments, digital finance and regulation, selected for an HKMA audience.
5 stories
This shows the ECB is moving from consultation into structured design work on how tokenised deposits, securities and central bank money could operate together in Europe’s future market infrastructure.
Selecting the connectivity providers turns the digital euro project from design work toward operational build-out, giving banks and payment firms a clearer path for how they would technically connect if the project proceeds.
If adopted, the approach could let clearing members mobilise eligible collateral faster and manage margin calls more efficiently without changing the underlying risk standards for central clearing.
A major dealer adopting post-trade DLT in securities finance suggests incremental real-world traction for tokenized or ledger-based market infrastructure aimed at cutting reconciliation costs and operational friction.
The deal shows a marketplace operator using a specialist payments platform to simplify cross-border B2B settlement and compliance while trying to reduce payment friction and fees.