The rapid rise of tokenisation risks repeating China's earlier boom-and-bust cycle in peer-to-peer lending unless clear industry standards are established to ensure discipline and innovation, according to a senior Chinese asset manager. Some multilevel marketing companies in mainland China have already started holding meetings discussing real-world asset (RWA) tokenisation projects over the past year, raising "genuine concerns" that the nascent industry might be heading towards a peer-to-peer-style crisis ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The Bank of England unveiled comprehensive regulations on Nov. 11 that could make the U.K. a global hub for digital assets—or drive major stablecoin issuers straight to America’s more lenient shores. The proposals introduce strict reserve requirements for “systemic” stablecoins, with issuers forced to park 40% of their backing in non-interest-bearing accounts at the BoE and another 60% in U.K. government b ...

🚀 Web3 Unleashed 2025 is officially wrapped!Proud to partner with DMCC for our third global hackathon — bringing together 90 teams across DeFAI, DeSci, DeFi, Gaming, SocialFi, Infrastructure and Tokenisation.🌟 Congrats to this year’s winners: @YumiFinance @GlintAnalytics @sorachain_ai Aurayale (@MustaverseLab) @0xspoutDubai’s Web3 ecosystem is rising fast, and we’re proud to help build what’s next 🌐✨ ...

Free Newsletter Get the hottest Fintech Hong Kong News once a month in your Inbox The Dubai Financial Services Authority (DFSA) and the Hong Kong Monetary Authority (HKMA) held the second Joint Climate Finance Conference on 26 November in Dubai.The hybrid event attracted nearly 250 participants from the Middle East and Asia.The conference is a key initiative of the DFSA-HKMA partnership to support climate finance.This year, it focused on financial risks linked to climate change and the role of innovatio ...

By Elizabeth Howcroft and Hannah Lang (Reuters) -The Securities and Exchange Commission's possible plan to grant crypto companies relief from regulation to sell "tokenised" stocks risks harming investors, a group ​of stock exchanges said in a letter to the U.S. regulator this week. Several crypto companies plan to sell ‌crypto tokens linked to listed equities to retail investors who want to get exposure to stocks without owning them directly. But to sell the products in ‌the U.S., crypto companies which ...

Kraken, the 14-year-old crypto exchange, is launching a new Mastercard debit card for its UK and European users. On Tuesday, the company announced that the Krak card will offer up to 1% cash back rewards, denominated in cash or Bitcoin, with no forex or monthly fees. Krak is the exchange’s mobile app. The card’s launch comes as Kraken also expands Vaults, an in-app savings feature which lets users earn up to 10% yield on their holdings. Kraken’s rollout is just the latest in a growing list of crypto com ...

Hong Kong-based Tykhe Capital Group and Malaysia's Skyvast Digital have launched a US$150 million tokenised fund that offers investors exposure to artificial intelligence infrastructure, using an innovative arrangement designed to share project revenues and boost liquidity. SKYD Token was "the world's first global-grade AI infrastructure tokenised fund", Tykhe's subsidiary, Pioneer Asset Management, and AI infrastructure developer Skyvast said in a press release on Monday. The fund will provide investors ...

Core Viewpoint - Hong Kong's initiative to create a tokenised financial system is expected to attract more companies to establish treasury centres in the city, enhancing investment options and lowering transaction costs [1] Group 1: Benefits of Tokenisation - Both corporations and individuals are anticipated to benefit from the increased tokenisation of money and assets, leading to faster, more efficient, and accessible financial services [2] - Tokenised financial products are projected to enhance corporate cash and treasury management by decreasing the time and cost associated with cross-border transactions [4] Group 2: Commercial Applications and Initiatives - Government-led tokenisation and digital asset initiatives, such as Project Ensemble, are gaining traction, with expectations for more commercial applications to emerge [3] - The Hong Kong Chinese Enterprises Association has established a Corporate Treasury Centre Committee, consisting of 43 member companies managing assets exceeding US$240 billion, with financing around US$100 billion and annual settlements close to US$3 trillion [5] Group 3: Role of Corporate Treasury Centres - Corporate treasury centres provide clients with global finance management services, including foreign exchange trades, financial products, and risk management [6]

Hong Kong's de facto central bank has begun facilitating real-value transactions using tokenised deposits and digital assets under a controlled pilot programme from Thursday, reinforcing the city's status as a fintech hub. The new phase of the Project Ensemble sandbox would enable seven commercial banks and 13 industry participants to settle tokenised transactions "faster, more transparently and efficiently", the Hong Kong Monetary Authority (HKMA) said in a press release on Thursday. The programme would ...

SINGAPORE (Reuters) -Singapore's central bank will hold trials to issue tokenised MAS bills next year and bring in laws to regulate stablecoins ​as it presses forward with plans to build a scalable and secure tokenised financial ‌ecosystem, the bank's top official said on Thursday. "Tokenisation has lifted off the ground. But ‌have asset-backed tokens achieved escape velocity? Not yet," said Chia Der Jiun, Managing Director of the Monetary Authority of Singapore (MAS), a keynote address at the Singapore F ...