Libra Association Names HSBC Chief Legal Officer as First CEO
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.
HSBC said the transaction over the Contour trade finance blockchain platform slashed the time normally taken to process letters of credit.
Ian Jenkins joins fellow HSBC alum James Emmet, now the stablecoin group's CEO.
An HSBC representative said the bank has “limited appetite to facilitate products or securities that derive their value from virtual currencies.”
Corporate bonds from Olam International – a major commodities supplier – were issued on SGX's digital asset platform.
The Bank of France’s central bank digital currency experiments are moving forward with eight candidate firms picked.