HONG KONG: Asian financial regulators should do more to support large-scale trials of “ tokenised

announced the issuance of its first product, a RM150mil tokenised primary offering of a shariah

being Hong Kong’s Tokenised Green Bond which was launched in 2023. That’s not all, since 2016 there

NEW YORK: Plans for a US$ 1bil( RM4. 2bil) bitcoin bond in El Salvador sent the nation’s dollar-denominated bonds to an all-time low.El Salvador’s dollar denominated notes due in 2050 fell 2.2 US cents to 64.4 US cents( 92 sen to RM2.70) on the US dollar on Monday, the lowest ever. The Central American country’s debt was among the world’s worst performers on Monday as investors considered whether President Nayib Bukele’s plan to sell sovereign bitcoin bonds closes the door on a deal with the Int

PETALING JAYA: My E.G. Services Bhd( MyEG) has entered into the non-fungible token( NFT) space with the launch of NFT Pangolin.It said the global NFT marketplace supports the issuance and trading of NFTs and is set to operate on the soon-to-be-launched Zetrix Layer 1 blockchain network which serves as a parallel chain to the International Backbone and Supernodes of Xinghuo, China’s national blockchain infrastructure.“ NFT Pangolin currently supports ethereum but will also introduce Zetrix-based

SINGAPORE: Singapore’s DBS Group expects to double the number of members on its new platform for cryptocurrency trading to 1, 000 by end-December and grow this by 20%-30% annually for the next three years as digital tokens gain acceptability.In an interview, DBS senior executives said DBS Digital Exchange, set up in December as a members-only bourse, is seeing robust demand from corporate investors, accredited individuals and investment firms that manage the fortunes of wealthy families.“ We are

Getting early into that game means we can have a head start, and better understand its potential benefits as well as its risks.” The stakes are high for the small island nation, which has already earned a reputation as a global wealth hub.... About 30 withdrew their application after engaging with the regulator.... The MAS has also boosted resources to cope with high volumes of prospective services operators, he said.“ We don’t need 160 of them to set up shop here....

SINGAPORE: DBS Bank has launched a fully digital and automated fixed income execution( FIX) platform where issuers can directly connect with investors without the involvement of a bank. This is the first such platform in Asia amid digital transformation of the capital markets, the bank said yesterday. Keppel Corporation is the first corporate issuer to have its US$ 1bil( RM4. 15bil) Euro-commercial paper programme digitalised for issuances under the FIX Marketplace, and has appointed DBS the sol

SINGAPORE may have set its sights on becoming the world’s cryptocurrency capital.... — BloombergAndy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services.... The views expressed here are the writer’s own....

Is the idea of a digital dollar just a fad — like the 1980s craze with parachute pants that became synonymous with Michael Jackson and MC Hammer?... He wasn’t trying to prejudge the monetary authority’s thinking, which will soon be outlined in an eagerly awaited discussion paper on a so-called FedCoin.... But speaking for himself, Quarles isn’t convinced that the Fed should have to issue its own electronic money to the public even if other central banks do so....