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🌏 This Week in Crypto 🌏 We've just released this week's edition of our newsletter, where we share some of the latest developments in the crypto industry. Check it out below! ⬇ DBS, Singapore's largest bank, has launched a pilot program for blockchain-powered treasury tokens. This initiative aims to enhance liquidity management for institutional clients by leveraging blockchain technology to tokenize and streamline the issuance of short-term corporate debt. Link to article ➡ https://lnkd.in/dXpXpUfx   Circle, the issuer of the USDC stablecoin, has proposed a new capital risk framework aimed at strengthening the stability and resilience of stablecoins. The proposal suggests enhanced capital requirements and liquidity standards for stablecoin issuers to ensure better protection against market volatility and systemic risks. This initiative is part of Circle's broader efforts to foster regulatory clarity and build trust in the stablecoin ecosystem. Link to article ➡ https://lnkd.in/gt9maHVc   Malaysia's government has initiated a review of Worldcoin's iris-scanning technology used for digital verification. This move comes amid concerns over privacy and data security related to the use of biometric data for identification purposes. Worldcoin, which aims to create a global digital identity system, has faced scrutiny from regulators and privacy advocates. Malaysia's review highlights the growing global debate on the ethical and regulatory implications of using biometric data in digital identity systems. Link to article ➡ https://lnkd.in/gHuCPPwa   Dragonfly Capital and Crypto.com have provided their input on the CFTC's proposed rules for prediction markets. The discussion centers around the regulatory challenges and opportunities these markets present, particularly in terms of market integrity and innovation. Both companies emphasize the need for balanced regulations that protect consumers while fostering growth and innovation in the prediction market space. This ongoing dialogue underscores the evolving relationship between the crypto industry and regulators. Link to article ➡ https://lnkd.in/gw7BKmwD

Ant International partnered with DBS Bank to launch its blockchain-powered DBS Treasury Tokens, a new token-based innovation that will enable organizations with more efficient treasury and liquidity management across multiple currencies and markets. The integration of DBS' permissioned blockchain with Ant International's Whale platform, our next-gen treasury management solution utilizing blockchain, advanced encryption and AI, furthers our efforts to work with industry partners to address challenges in cross-border transactions such as time, costs and risks, particularly benefitting more SMEs and promoting a more open and inclusive ecosystem. Both Ant International and DBS are active participants of Monetary Authority of Singapore (MAS)'s Project Guardian, a collaborative initiative between policymakers and the financial industry to enhance liquidity and efficiency of financial markets through asset tokenization. Read more: https://lnkd.in/ggW9ta6e #AntInternational #tokenization #digitalization

Decentralized Finance: Transforming Traditional Banking Systems. DeFi, or Decentralized Finance, is a revolutionary movement in the financial industry that uses blockchain technology and cryptocurrencies to establish a more open, accessible, and inclusive financial system. Unlike traditional finance, which is based on centralized institutions like banks and intermediaries, DeFi seeks to eliminate intermediaries and replace them with smart contracts and decentralized platforms, making financial services more efficient, transparent, and accessible to a worldwide audience. The rise of cryptocurrencies and the need for financial institutions to adopt new technology is driving the industry to embrace blockchain and DeFi to remain competitive. Cryptocurrencies provide faster, more secure transactions, and as interest in cryptocurrency develops, banks must provide crypto services. This change is more than just staying current; it is about meeting client expectations and securing banking's future. DeFi's importance in transforming traditional banking cannot be overstated. Eliminating intermediaries reduces costs and accelerates transactions, improves financial inclusion by providing access to banking for the unbanked and underbanked, and enhances security and transparency. With rising cryptocurrency acceptance, institutions must embrace DeFi or risk falling behind. This transformation is about more than just efficiency; it's about making money more accessible, efficient, and secure for everyone. DeFi has the potential to democratize finance and transform the banking and financial services industry. Reduced reliance on intermediaries, lower transaction costs, and increased financial inclusion for the unbanked and underbanked are among the many benefits it offers. However, institutional leaders face challenges and risks in navigating the varied regulations, compliance costs, and uncertainty surrounding rapidly changing regulations. Navigating these hurdles is crucial for the widespread acceptance and integration of cryptocurrencies into the mainstream financial system. The question remains: Was cryptocurrency created to change the financial sector, or is it basically a product that is incompatible with the current framework of the global economy? #crypto #blockchain #web3 #finance #economics

DBS Bank, Singapore’s largest bank, has launched a pilot for "DBS Treasury Tokens" in collaboration with Ant International, the global division of Alibaba's Ant Group. This groundbreaking project leverages DBS’s permissioned blockchain to revolutionize treasury and liquidity management for Ant International across multiple markets. The pilot aims to significantly reduce intra-group transaction settlement times—from days to seconds—enhancing liquidity, visibility, and control over cash positions for corporate treasurers. As businesses adapt to the demands of 24/7 e-commerce, DBS’s blockchain solution offers new efficiencies, enabling programmable, fractionalized, and atomic value transfers. https://lnkd.in/eigBwsQW

Decentralised finance (DeFi) is offering a blockchain-based form of finance that does not rely on central financial intermediaries such as banks, exchanges, or insurance companies. Instead, it utilises smart contracts on blockchains, predominantly Ethereum.🪙 Here’s how DeFi is set to change the FinTech landscape: 1️⃣Increased Accessibility: DeFi makes financial services accessible to anyone with an internet connection, removing barriers posed by traditional banking systems. This inclusivity can significantly increase the global adoption of financial services. 2️⃣Enhanced Security and Transparency: Utilizing blockchain technology, DeFi offers a level of security and transparency that traditional financial systems struggle to match. Transactions are immutable and easily verifiable, reducing the risk of fraud and corruption. 3️⃣Innovation in Financial Products: DeFi enables the creation of innovative financial products that can be customized to individual needs. This includes everything from lending and borrowing platforms to stablecoins and tokenized assets, offering a broader range of investment opportunities. 4️⃣Reduction in Costs and Fees: By eliminating the middleman, DeFi has the potential to drastically reduce the fees associated with financial transactions and services, making it more cost-effective for users and potentially more profitable for providers. 5️⃣Empowerment of Users: DeFi shifts the control of financial assets from institutions to individuals. Users have complete control over their assets and can interact with the financial system without intermediaries. 6️⃣Actionable Insight for FinTech Professionals: Stay ahead of the curve by exploring DeFi technologies and considering how they can be integrated into your current offerings. Whether it’s adopting blockchain technology for enhanced security or creating innovative financial products, DeFi presents an opportunity for FinTech companies to lead in a rapidly evolving market. This is all well and good but, it has been around for a few years now, Do you think it will actually change fintech? Share your thoughts below!💬👇🏽 #defi

🚀 Exciting news from JUST Finance! 🚀 We've launched a Multi-Currency Stablecoin Exchange in collaboration with UBX and a consortium of Philippine banks, set to transform cross-border payments and FX using stablecoins. 💸 A huge step forward in accessible, efficient global finance! 💲 #blockchain #fintech #stablecoins #crossborderpayments

Rise of decentralised finance (DeFi): A new frontier for fintech in India Broadridge Broadridge India DeFi is not just a buzzword—it is here and rapidly growing. Across the globe, people are using DeFi for loans, investments, and even to earn interest on their savings. Believed to be the industrial revolution of our time, it aims to transform traditional finance through technology, promote financial inclusion, and democratise access at a time. Rise of DeFi in India and its future, DeFi provides more transparency, programmability, elimination of middlemen, accessibility, and inclusivity than traditional banking systems #defi #fintech #digitalpayments #blockchain Kishore Seshagiri Ashfaq Ahmed FSV Capital FSV Labs https://lnkd.in/drj52fKm

If you can’t beat them, join them! Open payment rails and architecture! Swift has spent the past couple of years running trials to test the potential for interoperability with CBDCs, private blockchain networks and tokenised assets. The Brussels-based messaging network says it now ready to move towards real-world solutions capable of interlinking various forms of digital assets and currencies - including plans to test how to enable multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions on the network.. "Without a globally accepted digital form of money, the cash leg in the execution of DvP settlement is particularly challenging," states Swift. "So we’re looking at ways to connect tokenised asset settlement with the corresponding payment transfer taking place on the Swift network. The payment leg will initially be made using existing fiat currencies, but will later be able to use tokenised forms of money, such as CBDCs, tokenised commercial bank money, or regulated stablecoins." The co-operative is also testing how its interlinking capabilities could be used to connect emerging bank-led networks such as the US Regulated Settlement Network with other financial infrastructure.

Cryptocurrency Regulations and Banking Law Visit Us: https://lnkd.in/gzepZEYn Cryptocurrencies and decentralized finance (DeFi) platforms have both conventional banks excited and nervous. #blockchaintechnology #Cryptocurrencyregulations #Decentralized #financeLegal Chhavi Pande Sonam Khan Medha Banta Harsha Aswani Ancy Jacob Amit kumar Neeraj Bondre Nishank Barolia Bhumika.U. Tewari Bhavya Verma

💡 DBS has just launched a pioneering initiative with Ant International, introducing blockchain-powered Treasury Tokens for 24/7 liquidity and treasury management! This breakthrough in digital finance will allow real-time, cross-border, multi-currency transactions, significantly cutting settlement times from days to seconds, and providing greater transparency over cash positions. Powered by blockchain technology, this marks a new era for global treasury operations and risk mitigation. #Blockchain #DigitalFinance #TreasuryManagement #Fintech #Innovation #Liquidity Read more: [DBS Newsroom](https://lnkd.in/efbNaVxT)