Group 1: Company Project Advancement - State Street Bank announced the launch of a digital asset platform on January 19, 2026, focusing on the development of tokenized money market funds (MMFs), exchange-traded funds (ETFs), and cash products such as tokenized deposits and stablecoins [1] - The platform aims to support the development of tokenized products across jurisdictions, marking a strategic shift from traditional custody services to direct participation in the digital asset issuance market [1] Group 2: Brand Market Activities - At the end of 2025 and the beginning of 2026, State Street Bank will rename its asset management business brand from "State Street Global Advisors (SSGA)" to "State Street Investment Management" to unify its visual identity and enhance focus on investment solutions [2] - This brand update involves global business line adjustments, including collaboration with Galaxy Digital to advance tokenized fund projects [2]

Group 1 - The core focus of the news is the recent establishment of a regulatory framework for stablecoins in Hong Kong, marking a significant step in the global financial landscape [1][3]. - The Hong Kong Monetary Authority (HKMA) has initiated a pilot program for the digital Hong Kong dollar (e-HKD+), collaborating with various financial institutions to explore the role of tokenized currencies in cross-border transactions [2][3]. - The second phase of the e-HKD+ pilot program emphasizes three themes: settlement of tokenized assets, programmability, and offline payments, with a specific focus on the interaction between new digital currencies and money market funds (MMFs) [3]. Group 2 - The Hong Kong Legislative Council passed the Stablecoin Ordinance, making Hong Kong the first jurisdiction to establish a comprehensive regulatory framework for fiat-backed stablecoins, effective from May 30, 2024 [3][4]. - The Stablecoin Ordinance introduces a licensing system for stablecoin issuers and allows the HKMA to facilitate the application of blockchain technology in the financial sector [4]. - Several participants, including JD Coin Chain Technology (Hong Kong) and Standard Chartered Bank (Hong Kong), are set to engage in sandbox testing for stablecoin issuance, focusing on cross-border payments and retail applications [4]. Group 3 - Ant International has signed a strategic cooperation memorandum with Deutsche Bank to develop innovative solutions in global treasury management and cross-border payments, including tokenized deposits and stablecoins [5]. - Ant International plans to apply for stablecoin licenses in Singapore and Hong Kong, as well as seek permission in Luxembourg to enhance its blockchain operations [6].