Digital Asset

Societe Generale Revolutionizes the Repo Market with Bank of France Collaboration

Societe Generale has accomplished its first collateralized market transaction executed in collaboration with the Bank of France. It has employed the technological capabilities of Societe Generale’s blockchain subsidiary, SG-Forge. Moreover, this transaction is the first-ever repo operation in digital securities involving a central bank of the Eurosystem. This demonstrates the

December 13, 2024 2 mins read

Citi and Fidelity Set New Standards in Digital Asset Management

Fidelity International and Citi have unveiled a proof-of-concept (PoC) for an on-chain money market fund (MMF) featuring a digital foreign exchange (FX) swap solution. This was announced ahead of the Singapore FinTech Festival 2024 happening from November 6–8. The solution jointly developed demonstrates the real-time settlement of tokenized MMF transactions

November 4, 2024 1 min read

US Firm tZERO Obtains Broker Dealer License from Major Regulators

The US regulatory sector has shown persistent evolution this year. While some regulations have posed challenges for crypto advancements, others have aided the industry. Relatedly, in a recent report, tZERO announced that it had received a Special Purpose Broker-Dealer License from regulatory bodies – SEC and FINRA. According to tZERO’s

September 11, 2024 2 mins read

Hong Kong Launches First Crypto-Asset Tax Reporting Software

Hong Kong has witnessed numerous advancements in the digital assets sector these past few weeks. Notably today, TaxDAO, a Web3 Finance and Tax organisation launched the first crypto-asset tax reporting software earlier today. The software formerly named Intax was upgraded to FinTax and began seed funding today. With the launch

May 20, 2024 2 mins read

Australia CBDC Far Away, Will Take Years, But Why?

Australia’s central bank has completed the pilot of the Central Bank Digital Currency (CBDC), researching the use cases for a potential digital dollar. The report revealed that Australia would not make any decisions on CBDCs for some years due to some unresolved issues that came up at the end of

August 23, 2023 2 mins read

Goldman Sachs, Microsoft Team Up With Digital Asset To Unveil Blockchain Network

Digital Asset, a renowned leader in blockchain solutions, has made a groundbreaking announcement in collaboration with Goldman Sachs, Microsoft and others with its plans to unveil a cutting-edge privacy-enabled blockchain network explicitly tailored for institutional clients. This highly anticipated development promises to revolutionize blockchain by providing a decentralized infrastructure that

May 9, 2023 1 min read