Vikas Jakhar

DBS Bank Launches Blockchain-Powered Treasury Tokens Pilot with Ant International for 24/7 Treasury and Liquidity Management  Read more: https://lnkd.in/dbJnszSR #DBS #Blockchain #TreasuryTokens #AntInternational #LiquidityManagement #Finance #Fintech #FinancialIT

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Hex Trust Partners To Integrate Stacks For DeFi Apps ➡️ Read All : https://lnkd.in/eEtjbV-d Hex Trust, a digital asset custody and markets service provider, has partnered with the Stacks Asia Foundation to support the Stacks layer and all Stacks-based... [...] #HexTrust #StacksAsiaFoundation #DigitalAssetCustody #CryptoAdoption #InstitutionalInvestors #Crypto #DeFi #NBTC

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🌍 Iran and Russia Explore CBDC and Tokenized Assets for Payments 🔄 Iran and Russia are collaborating to advance the use of central bank digital currencies (CBDC) and tokenized assets for cross-border settlements, a move driven by their exclusion from traditional international payment systems like SWIFT. This partnership highlights an emerging trend in the global financial landscape, where nations explore alternative payment mechanisms under economic constraints. Key Developments: 1️⃣ Legal Framework Adjustments: Recent legislative changes in Russia now permit the use of digital financial assets, including tokenized commodities like gold, for cross-border payments, paving the way for these new financial interactions. 2️⃣ CBDC Advancements: Both nations are also examining the potential of CBDCs to streamline transactions and potentially mitigate issues related to exchange rate discrepancies, although practical deployment is anticipated to begin no earlier than January 2025. 3️⃣ Technological and Regulatory Challenges: The integration of such innovative financial instruments involves significant logistical challenges, including the need for counterparties to integrate with designated platforms and potentially open local bank accounts. 4️⃣ Strategic Financial Navigation: Amidst international sanctions, this initiative reflects a strategic pivot to alternative currencies and digital assets, aligning with broader efforts to maintain economic stability and continuity in international trade. 🌟 Reflections on Global Finance: This development is part of a broader narrative where countries under economic pressures explore innovative financial technologies to sustain and secure their international trade relationships. 💬 What are your thoughts on the use of digital currencies and tokenized assets in international finance? How do you see these technologies impacting global economic policies and trade in the future? 🔄 Share this post to discuss the evolving role of digital finance in global trade and the strategic maneuvers nations are making in response to economic sanctions. #DigitalCurrency #GlobalFinance #CBDC #Tokenization #Sanctions 📖 For a deeper dive into the specifics of this Iran-Russia financial collaboration and its implications for the future of international payments: https://lnkd.in/eqKUCurn

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Zodia Custody partners with Securitize to bolster institutional access to tokenized assets “BUIDL’s sharp rise and adoption easily shows the opportunities that tokenized assets can offer,” Zodia Custody CEO Julian Sawyer said. “More importantly, it also demonstrates the transformative potential that tokenization presents institutions and digital asset-native businesses alike.” Read Brian McGleenon's report in The Block to learn how this partnership is bridging the gap between TradFi and blockchain technology: https://lnkd.in/eBqauwrF

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Blockchain was never about crypto Or, metaverse for that matter. . Blockchain, or more appropriately, Distributed Ledger Technology (DLT), has always been about improving efficiencies within and across organizations. Many years ago (far too many to count), I had the fortunate opportunity to attend graduate school in the U.K. Sure, the courses were challenging, but it was the simple task of moving money from one country to another to pay for it that caused all the stress. One would think it would be easy, especially since I was using the same bank, one branch in the U.S. and the other in the U.K. But I quickly realized while trying to get a student loan: The two branches were complete strangers. After school, my monthly loan payments became a painful process. Between unfavorable exchange rates, costly wire transfers, and the manual effort required each month to make a payment, it was ridiculously challenging. So, I opted to move my student loan back to the U.S., but of course, the bank couldn't treat my loan as a student loan once it came to the U.S. so I had to get a personal loan to pay off my student loan. Are you kidding me? So, I ended up paying higher interest rates just to make my life easier – simply because the bank couldn't get its act together internally to streamline the process between branches. This is just one example of the many inefficiencies that exist within large enterprise when it comes to tracking assets / data across the organization. This is where DLT/Blockchain comes in. At its core, blockchain excels at connecting disparate data and partners who need visibility into the movement of assets. And when I say asset, I mean anything that has value to someone: a driver's license, passport, mortgage, legal contracts, products, financial transactions, etc. Citi seems to have figured this out, launching its Token Services for Cash. This system processes multimillion-dollar cross-border transactions between branches using a private and permissioned blockchain solely owned and managed by Citi. While many organizations are experimenting around the hype of blockchain with crypto, digital assets, or pushing to get clients to join blockchain networks and having limited success, Citi's doing innovation right. The key to innovation? Start small and remove friction in order to test and learn. With Citi's implementation, "clients are not required to hold or manage any tokens to access the services." Citi has removed the friction to implement while they adopt, learn, and scale... making it easier for clients to benefit from blockchain technology without overhauling their entire systems. And that's how you innovate on an emerging technology. . . #innovation #future #blockchain #DLT

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🌍 Central Bank Group Launches Tokenization Project Agorá to Revolutionize Monetary Systems 💡🏦 In an ambitious move, the Bank for International Settlements (BIS) has announced Project Agorá, a groundbreaking initiative involving a consortium of seven central banks from around the globe including the U.K., Japan, South Korea, Mexico, Switzerland, New York, and Europe. This project aims to enhance the global financial infrastructure by integrating tokenized commercial bank deposits with central bank money using smart contracts and programmability. Key Features of Project Agorá: 1️⃣ Integration of Banking Layers: The project seeks to seamlessly combine tokenized commercial bank deposits with wholesale central bank digital currencies (CBDCs) to create a more cohesive monetary system. 2️⃣ Smart Contract Utilization: Leveraging the technology behind cryptocurrencies, Project Agorá will employ smart contracts to automate and secure transactions within this newly integrated framework. 3️⃣ Global Collaboration: Combining efforts from central banks across various continents, along with private financial entities, the project underscores the potential for international cooperation in enhancing financial technologies. Impact and Vision: Project Agorá is not just a technological advancement; it's a step towards redefining how current and future financial systems operate. By building a "usable" solution that brings together various layers of banking with enhanced security and efficiency, the BIS aims to set a new standard for the financial industry worldwide. The Bigger Picture: As digital currencies and tokenization gain momentum globally, such initiatives highlight the evolving nature of money and banking. They not only promise to enhance market efficiency but also aim to foster a financial environment that is accessible, transparent, and robust against economic fluctuations. What’s Next?: With Project Agorá in the pipeline, the financial sector could see significant shifts in how transactions are processed and how monetary policies are implemented across borders. This could lead to more integrated and dynamic global financial systems. 💬 How do you think the integration of tokenization in central banking will impact global financial stability and innovation? What are the challenges and opportunities you foresee? 🔄 Share your thoughts and let’s explore the future of banking and finance together! 🔗 For more details on Project Agorá and its implications, read the full article here: https://lnkd.in/g4NM-wRe #CentralBanking #Tokenization #FinancialTechnology #ProjectAgorá #BIS #DigitalCurrency #BlockchainTechnology

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Eigenpie is a subDAO platform within the Magpie ecosystem, providing liquid restaking services on EigenLayer. Users can restake their assets through Node Operators to validate other projects while earning rewards and maintaining liquidity via LRT. According to DefiLlama data on September 24, Eigenpie’s TVL reached $1.17 billion. On September 23, Bitget PoolX announced the listing of Eigenpie. The EGP token is scheduled to be listed on HTX at 12:00 (UTC) on September 25.  #Coinbay #Eigenpie #EigenLayer #EGP #liquidrestaking

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