This innovative tool not only facilitates Bitcoin interoperability but also enhances connectivity among major blockchain platforms, including Polkadot and Hedera. Big Leap in Blockchain Interoperability The Interchain Amplifier, a smart-contract-based toolkit, is a unique offering from the Axelar network. It’s designed to simplify the integration of new chains by enabling …
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This initiative marks a significant step in Kraken’s ongoing efforts to deepen its footprint in the European market. Kraken Partners With DLT Finance In Germany Scheduled to start on July 10, 2024, this collaboration will see Kraken providing German clients access to crypto. The partnership leverages the expertise and infrastructure …
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Ironlight aims to be an SEC-supervised marketplace for tokenized real-world assets (RWAs). The company secured $12 million of investment, mostly from individual investors with a Wall Street background, co-founder Celebuski said in an interview. Asset tokenization has become one of the hottest trends in crypto, with estimates of growing into …
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UK sharpens focus on crypto regulation in latest anti-money laundering report
by Mike Daltonby Mike DaltonThe UK Financial Conduct Authority (FCA)’s recent anti-money laundering and counter-terrorist funding (AML/CTF) efforts have focused heavily on crypto. The UK Treasury said in a May 1 report that the FCA considers crypto firms — like retail and wholesale banks and wealth management firms — to be “particularly vulnerable” to …
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We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Tokenization firm Securitize just closed a $47 million strategic funding round led by none other than …
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The Bank of England (BoE) and the UK Financial Conduct Authority (FCA) have announced the launch of the Digital Securities Sandbox (DSS) on April 3. The new framework aims to facilitate the use of emerging technologies, such as distributed ledger technology (DLT), in issuing, trading, and settling financial securities. It …
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The Bank of England and Financial Conduct Authority are looking for feedback on their draft guidance for using a planned digital securities sandbox. Participants will be able to use the sandbox to test products and services based on distributed ledger technology. The Bank of England (BoE) and the Financial Conduct …
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SWIFT completes second test phase of CBDC with smart contract, atomic settlement capability
by Mike Daltonby Mike DaltonSWIFT said on March 25 that it discovered several applications for its central bank digital currency (CBDC) solution following a successful six-month test. The company did not create its own CBDC but instead developed an interlinking solution for existing CBDCs — dubbed the SWIFT connector. The company wrote: “At the …
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WOW Summit Hong Kong 2024 Unveils Stellar Lineup of Speakers, Partners, Agenda, and Digital Art Exhibition Curated by Sotheby’s
by Advertorialby AdvertorialEditorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions. The event, set to take place on March 26 and 27 …
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Hong Kong issues regulatory standards for tokenized financial products
by Assad Jafriby Assad JafriThe Hong Kong Monetary Authority (HKMA) unveiled comprehensive regulatory standards on Feb. 20 for the sale and distribution of tokenized financial products by authorized institutions. The initiative aims to foster innovation while ensuring robust consumer protection within the burgeoning field of tokenization, where real-world assets (RWA) are digitally represented using …