HSBC, SGX to Investigate if DLT Offers Efficiency Boost for Bond Markets
A new trial will examine if digitalizing fixed income securities with DLT can bring new efficiencies to the Asian markets.
The Bank of France’s central bank digital currency experiments are moving forward with eight candidate firms picked.
The Libra Association named HSBC Chief Legal Officer and former U.S. Under Secretary of the Treasury Stuart Levey as its new CEO. Levey will take the reins later this year.
Corporate bonds from Olam International – a major commodities supplier – were issued on SGX's digital asset platform.
HSBC is using blockchain as opposed to a traditional database because it plans to tokenize the $10B in private placements after it digitizes them.
HSBC plans to track $20 billion in private-placement assets on its Digital Vault, allowing investors real-time access to their records.