blockchain

DLT’s potential to drive transaction efficiency is more widely acknowledged, while some crypto native players are looking to tap into traditional financial products; however, Apac’s regulatory framework is fragmented.

The HKMA has launched a grant scheme of up to HK$2.5m for future digital bond issuances, which is the SAR’s latest move to build its virtual asset ecosystem.

FA spoke with industry players who explained how the city will roll the scheme out, and what still needs to happen.

Axelar Foundation has published a white paper on blockchain interoperability across financial institutions as asset tokenisation develops.

After the world’s first multi-currency digital bond offering was oversubscribed, a government spokesperson told FA that tokenised bonds are moving from ‘proof of concept’ into ‘production’.

StraitsX and XREX have become the latest two blockchain firms to receive approval from MAS as major payment institutions (MPI) under the city’s payment service providers licensing scheme. They discussed their plans with FA.

The multi-party computation wallet solutions provider has joined hands with the Israeli blockchain security company to address Web3 security challenges through safer private key management.

Hong Kong's regulator sees scope for opening up a maturing crypto market to retail investors, but questions remain about whether investors are sufficiently protected.