Singapore regulators are set to enhance their tokenization initiatives in response to growing demand for tokenized assets in fixed-income, foreign exchange, and asset management markets. In a November 4 announcement, the Monetary Authority of Singapore (MAS) outlined its plans to foster the commercialization of these assets by developing market infrastructure, ...
RWA tokenization platform Securitize has partnered with Wormhole Foundation to enhance the cross-chain functionality of its assets. In a blog post published on September 20, the Foundation revealed that this partnership will allow assets issued through Securitize to take advantage of Wormhole's blockchain interoperability framework. Securitize will customize the blockchain's ...
The Colorado House of Prayer, a network of church groups, has launched an innovative initiative to repurchase their main chapel building using blockchain technology. The Church group aims to raise $2.5 million by tokenizing the historic "Old Stone Church," an 11,457-square-foot building with a distinctive stone exterior. Pastor Blake Bush, ...
Hong Kong and Saudi Arabia set their sights on deeper integration of financial services as they engaged in crucial discussions on financial infrastructure development, open market operations, market connectivity, and sustainable growth. On July 26, 2023, a bilateral meeting between the Hong Kong Monetary Authority (HKMA) and the Saudi Central ...
The Bank for International Settlements (BIS), the global monetary authority based in Switzerland, has proposed the development of a universal ledger to accommodate Central Bank Digital Currencies (CBDCs) and tokenized assets. Despite its skepticism towards cryptocurrencies, the BIS believes that regulated tokenization platforms overseen by central banks will play a ...
