Philippines to Sell Tokenized Treasury Bond Next Week
The Bureau of the Treasury has set a minimum target of 10 billion pesos.
Binary trading platforms with better performance and payouts
Tokenization
The Bureau of the Treasury has set a minimum target of 10 billion pesos.
The test will explore bilateral digital asset trades, foreign currency payments, multicurrency clearing and settlement, fund management and automated portfolio rebalancing.
Libeara will enable the creation of a tokenized Singapore dollar government bond fund.
The proposed stablecoin, which tokenizes ownership of Treasuries, mentions BlackRock, Circle, Fireblocks and Coinfirm as “institutional partners.”
Tokenization of assets could be the answer to the risky complexities of settling the movement of funds and securities, said Michael Hsu, the acting head of the U.S. Office of the Comptroller of the Currency.
The move appears to be another step in Hong Kong’s recently accelerated ambitions to become a virtual asset hub.
Tokenized versions of U.S. Treasuries grew nearly seven-fold so far in 2023 as competition between investment offerings and blockchain venues intensified.
The digital bond was issued on R3’s Corda blockchain, while global bank Citi and investment manager TD Securities assisted in the issuance.
Securrency provides institutions with blockchain-based regulatory technology on top of existing legacy systems to enable digital asset adoption in a compliant manner.
Tokenized real-world asset (RWA) marketplace Untangled Finance went live Wednesday on the Celo network after securing a $13.5 million venture capital boost to bring tokenized private credit to the blockchain, the company told CoinDesk.