Tag: blockchain

The rollout marks the first live deployment of Citi's integrated 24/7 USD Clearing and Citi Token Services, enabling near real-time cross-border USD payments outside traditional banking hours.

Under the MoU, the HKMA, the SDB, and the NTICB, will conduct research on digital technology such as the use of electronic bills of lading and promote it in areas such as cargo trade and finance.

Brazil’s Banco Inter and Chainlink have completed a blockchain-based cross-border settlement pilot that many in trade finance have discussed for years.

Payment technology and infrastructure is advancing rapidly. CT asked how corporate payments in Asia will change in the near future.

34 banks from 16 markets will support a phased development of the blockchain-based network.

Kelvin Li, general manager of platform tech at Ant International, discussed with CT the fintech’s digital assets strategy to support large-volume, intragroup, cross-border fund moves.

Naveen Mallela, global co-head at JP Morgan's Kinexys, explained to CT how blockchain technology is enabling payments, and how global and Apac firms are embracing its use, including in the Middle East.

Jennifer Barker, global head of treasury services and depositary receipts at BNY, recently discussed cross-border and instant payments, collaboration, Swift, AI, trade finance, and more, with CT.

Tokenisation is expected to gain further traction, from money market funds to trade finance. Use cases and infrastructure support will be key.

Two groundbreaking projects, Project Ensemble and Project Guardian, are setting the stage for digital asset innovation in Hong Kong and Singapore.

The move comes from the Monetary Authority of Singapore's Project Guardian tokenisation project.

Global trade is projected to grow by 55% over the next decade. Tokenisation of trade finance will help close a funding gap, cater to investors’ interest, and increase lenders’ risk appetites, experts say.