HSBC, Franklin Templeton, Tradeweb and Fireblocks last week demonstrated a tokenized treasury solution for Uber on the Canton Network. Using HSBC tokenized deposits, Uber purchased Franklin Templeton’s Benji tokenized money market fund (MMF) through Tradeweb with delivery versus payment settlement, then liquidated a portion over a weekend. Tradeweb’s involvement is notable. In 2024 the firm

Amundi and CACEIS launched a blockchain-recorded share class for AMUNDI FUNDS CASH EUR, adding a digital subscription option while keeping the fund’s traditional distribution channels available to investors. The class, AMUNDI FUNDS CASH EUR - J28 EUR DLT (C), uses distributed ledger technology on the public Ethereum blockchain. The system records the fund’s shares on

The UK government has taken another step towards the pilot launch of a Digital Gilt Instrument (DIGIT) by allocating specific Lead Manager roles to Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC Capital Markets. The roles cover key aspects of preparing and delivering the transaction, from documentation and bookbuilding to investor communications and helping investors

A UPI payment looks instant. When one fails, getting the money back can take days. The delay is not a flaw in the app. As Ashish Singhal, co-founder and CEO of CoinSwitch, points out, it sits in the back office, where banks must reconcile separate ledgers before funds come back. The same layered machinery lies

The Digital Chamber submitted a comment letter to the SEC on its proposed transfer-agent rules. The group is urging changes that would expand the ways issuers and transfer agents can record securities ownership. The Digital Chamber wants the SEC to recognize distributed ledger technology (DLT) as the official master record of securityholders. It also wants

Amundi, Europe’s largest fund manager by assets, has launched a tokenized share class of its STOXX Europe 600 equity index fund on Ethereum, expanding its blockchain-based investment offerings beyond money market funds. The new share class was issued on Ethereum in collaboration with CACEIS, a European asset-servicing company that provided the tokenization infrastructure. The fund

Odaily Planet Daily reports: European asset manager Amundi, in collaboration with CACEIS, has launched its first tokenized shares for the AMUNDI FUNDS CASH EUR money market fund. The fund employs a hybrid distribution model, allowing investors to invest through traditional channels or subscribe to the tokenized shares AMUNDI FUNDS CASH EUR - J28 EUR DLT

LayerZero and 21X AG completed a monthlong pilot for tokenized U.S. stocks on a private blockchain instance, testing whether an order book can match and settle trades in a single transaction. The test ran on a private, permissioned version of Zero, LayerZero’s Ethereum Virtual Machine (EVM)-compatible blockchain. It could match up to 10,000 orders per