Daily edition
Material developments in payments, digital finance and regulation, selected for an HKMA audience.
4 stories
If major banks align on shared tokenization standards instead of fragmented proprietary approaches, regulated digital-asset and tokenized-market infrastructure may become easier for institutions to adopt at scale.
This shows tokenization moving from niche cash-management products into mainstream indexed fund structures, which could make blockchain-based fund servicing more credible for large institutional asset managers.
The deal shows how stablecoin infrastructure firms are using licensed local entities to plug stablecoin settlement into domestic payment rails such as Pix, potentially lowering frictions for cross-border business payments in Brazil.
The deal gives banks using Aquila a faster way to offer multi-currency cross-border payments and FX without building their own market connectivity and workflow integration from scratch.