Bank of Korea Governor Rhee Chang-yong revealed South Korea is considering a new registration regime that would allow domestic institutions to issue virtual assets, while warning that won-denominated stablecoins could enable capital flow circumvention. Speaking at the Asian Financial Forum in Hong Kong, Rhee emphasized that exchange rate volatility could trigger rapid shifts into USD stablecoins and large fund transfers. The announcement comes as South Korean regulators remain deadlocked over comprehens ...

The New York Stock Exchange is working on a digital platform that would enable investors to trade digital tokens around the clock. The platform would be separate from the NYSE itself, which operates only on weekdays, and allow for instant settlement of transactions, orders sized in dollar amounts and stablecoin-based funding, NYSE owner Intercontinental Exchange said Monday. Tokenization uses blockchain technology that powers cryptocurrencies to create digital tokens as stand-ins for things like stocks, ...

Global financial services company BNY is focusing on digital assets and other new products and solutions as one of its four strategic priorities.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The other strategic p ...

Core Insights - BNY, the world's largest custodial bank, is launching a platform for institutional clients to settle bank deposits on a blockchain, marking a significant step towards tokenization [1][2] - The platform aims to enhance settlement speed and liquidity management by mirroring client balances on a private blockchain [1][4] Group 1: Tokenization and Blockchain Implementation - BNY has been testing blockchain deposits to modernize its payment settlement process, with tokenized deposits being a key part of this initiative [2][3] - Tokenized deposits allow for faster operations across collateral, margin, and payments, while maintaining regulatory compliance [3][5] Group 2: Operational Details - The capability is now live on BNY's Digital Assets platform, enabling clients to represent their deposit claims as on-chain entries, which streamlines collateral and margin workflows [4] - The platform operates on a permissioned blockchain controlled by BNY, ensuring adherence to established risk, compliance, and control frameworks [5] Group 3: Industry Context - BNY is not alone in exploring blockchain settlement technology; other financial institutions are also transitioning to digital infrastructures for 24/7 asset settlement [6]

Group 1 - Barclays has made a strategic investment in Ubyx Inc., a U.S. compensation system for digital money, including regulated tokenized deposits and stablecoins [1] - The investment aims to enhance interoperability, which is essential for unlocking the full potential of digital assets, allowing regulated financial institutions to interact seamlessly [2][3] - Ubyx's mission is to develop a common global acceptance network for regulated digital money, emphasizing the importance of bank participation to ensure the redemption of nominal value through regulated channels [3] Group 2 - The investment comes at a time of increasing interest in new forms of digital money based on tokens traded on public blockchain infrastructures, with regulatory clarity progressing in various countries [3] - Both Barclays and Ubyx are committed to the responsible development of tokenized money within the regulatory framework [3] - Ubyx aims to facilitate the ubiquity of tokenized money by connecting various issuers with receiving institutions in a common regulatory environment [5]

JPMorganChase is reportedly weighing cryptocurrency trading for its institutional clients.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The country’s largest bank is determining what products and services its mar ...

For the past few years, stablecoins have been defined by a narrow reality: essentially a two-horse race between Tether's USDT and Circle's (CRCL) USDC, with most activity concentrated on crypto-native exchanges. What comes next looks materially different, Alchemy co-founder and President Joe Lau told CoinDesk in an interview. The near-term trajectory for stablecoins has lots of directions, Lau said, but one theme dominates: stablecoin adoption is “exploding.” The reason, he argued, is that stablecoins de ...

Core Viewpoint - The Czech National Bank (CNB) has initiated a $1 million Bitcoin purchase to gain real-world experience with digital assets, acknowledging the potential for significant volatility in their value [1][2]. Group 1: Purpose and Strategy - The CNB's portfolio aims to provide hands-on experience with digital assets rather than relying on theoretical models, focusing on understanding tokenization and custody processes [2]. - The portfolio was created on October 30 and includes Bitcoin, dollar-denominated stablecoins, and tokenized deposits, with Bitcoin trading near $110,670 at the time of purchase [4]. Group 2: Investment Rationale - Bitcoin was included in the portfolio due to its low correlation with traditional assets, which can help diversify large portfolios [3]. - Simulations indicated that a 5% allocation to Bitcoin could have increased annual returns by approximately 3.5 percentage points over the past decade, albeit with a significant increase in portfolio volatility [5]. Group 3: Operational Challenges - A technical study by the CNB highlights significant operational hurdles in managing Bitcoin, particularly the risk of losing private keys, which is unique compared to traditional asset management [7]. - The CNB has consulted with the European Central Bank and the IMF, which concluded that Bitcoin cannot be classified as an official reserve asset and should be listed as "tangible and intangible assets" on the balance sheet [8][9]. Group 4: Regulatory Perspectives - Major European central banks have mixed views on cryptocurrencies, with some, like the Swiss National Bank, stating that they do not meet reserve policy requirements [10]. - Ukraine's central bank has expressed concerns that Bitcoin could create additional vulnerabilities, especially in wartime financial stability [11].

Group 1: Investment Preferences - The company favors certain investment banking plays, highlighting Deutsche Bank, UBS, and Barclays as attractive options due to their cost measures and valuation, with Barclays trading at approximately seven times earnings compared to Goldman Sachs at 15 times earnings [1] - Net West is noted for its strong performance as a pure retail bank in the UK, achieving an 18% return, indicating a healthy operating environment [1] - Southern European banks like Inasa are also included in the list of preferred stocks, suggesting a broader regional interest [1] Group 2: Concerns on Swedish Banks - The company expresses a lack of enthusiasm for Swedish banks, citing their high valuations and limited total yields, which contribute to constrained earnings growth [2] - There is a perception that the quality gap between Swedish banks and their European counterparts has significantly declined since the global financial crisis [3] Group 3: M&A Activity - The company anticipates limited M&A activity in European banks moving forward, despite some successful transactions this year, with Italy being a potential area for future M&A [3][4] - Acknowledgment of the high failure rate of past M&A transactions suggests skepticism about the viability of future deals in the sector [4] Group 4: Digital Banking and Cost Management - European banks are perceived to be lagging in digital banking advancements, raising concerns about their competitiveness against American banks over the long term [5][6] - The company notes that European banks are managing cost growth more effectively, with increases of 2-3%, compared to 5-10% in American banks, indicating a disciplined approach to cost management [5]

Tokenization Initiatives - HSBC 将于 2026 年上半年在美国和阿联酋为企业客户推出代币化存款 [1] - 该银行将提供 24/7 全天候即时转账服务 [1] Industry Trends - 银行业正在倾向于代币化而非稳定币 [1]