According to Foresight News, the Philippines Department of Finance has partnered with virtual asset company PDAX and fintech firm GCash to introduce government securities with a minimum investment of 500 pesos (approximately 9 USD). These securities will be maintained in the Philippines Distributed Ledger Technology (DLT) registry, a blockchain-based system owned by the Department of

Yesterday UK-based payments firm BVNK announced a $50 million Series B funding round led by Haun Ventures, including DRW Venture Capital, Coinbase Ventures, Scribble Ventures and existing investors Avenir and Tiger Global. It follows a $40 million Series A in 2022. The company is using stablecoins to optimize business payments. The funding comes shortly after

Luxembourg is leading this transformation with the revamped European Long-Term Investment Fund (ELTIF) framework, which opens private asset markets to retail investors. ELTIF 2.0 lowers minimum investments, offers greater liquidity, and targets diversified sectors like real estate, infrastructure, and private equity, making it appealing for retail participation. Challenges remain, including liquidity constraints and operational complexities

Homepage > News > Finance > Philippine central bank concludes wholesale CBDC testing The Bangko Sentral ng Pilipinas (BSP) announced it has concluded testing for Project Agila, an initiative that allows financial institutions (FIs) to facilitate large-value fund transfers beyond traditional banking hours. According to the BSP, this capability extends to evenings, weekends, and holidays

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. December 17, 2024 The Hong Kong Monetary Authority (HKMA) will offer eligible digital bond issuances up to HK$2.5 million ($320,000) in a subsidy, as the city eyes

The Hashgraph Group (THG), the Swiss-based international business, technology, and investment firm that operates exclusively within the Hedera ecosystem, has secured a fund management license through its subsidiary Hashgraph Ventures Manager Ltd in ADGM. Licensed and regulated as a venture capital (VC) fund manager by the ADGM Financial Services Regulatory Authority (FSRA), Hashgraph Ventures Manager

Experiments show two DLT-based platforms are capable of serving as a ledger Bank Indonesia announced on December 13 that it had successfully completed a proof-of-concept study for its wholesale central bank digital currency. The study focused on testing the issuance, redemption and fund transfer of a wholesale CBDC prototype on two potential platforms based on distributed