🇭🇰 Hong Kong plans to introduce a new licensing regime for stablecoins. Licensing criteria include supporting all circulating stablecoins with reserves equal to at least the nominal value, segregating and safeguarding reserve assets, and regular reporting. Source
Luxembourg proposed a new DLT law to improve the issuance and registration of digital securities. This law introduces the role of a control agent to oversee the tracking and quantities of digital securities.
Citi, JPMorgan, and SIX see great business potential in Blockchain. Citi has launched a pilot of its private blockchain service, Citi Token Services, offering instant payments and 24/7 liquidity management to institutional clients. JPMorgan is trading tokenized assets with its Onyx Digital Assets platform and using the permissioned blockchain network, Quorum.
Ownera, supported by JP Morgan, aims to enhance the distribution and interoperability of tokenized assets through collaboration with Digital Asset’s Canton Network. Assets on the Canton network will be accessible via Ownera’s FinP2P routing network.
Kenedix, in collaboration with SMBC Trust Bank, Nomura Securities, and BOOSTRY, completed Japan’s first real estate security token public offering. Tokens representing 484 rental properties in and around Tokyo were issued, totaling 9.251 billion yen. This initiative is part of Kenedix’s goal to tokenize 2.5 trillion yen worth of real estate by 2030. Source