The Swiss National Bank (SNB) has announced that it will be launching a pilot project called Helvetia Phase III, which will involve the use of central bank digital currency (CBDC) on the SIX Digital Exchange (SDX) platform. This marks a significant step forward in the SNB’s exploration of digital currencies, as it will be the […]
The Horizon project, created by Brazilian duo Raffaela Loffredo and Barba, has been recognized as one of the winners of the Chainlink Constellation Hackathon’s ‘High Quality’ award. This innovative project operates as a consortium platform on the blockchain, allowing users to deposit values into a pool and participate in monthly adjudication rounds. The selection of […]
An overwhelming majority of respondents in a recent survey conducted by digital asset bank Sygnum believe that crypto assets and blockchain technology are crucial for the future of global finance. The survey revealed that 81% of participants view crypto assets as essential in shaping the future of finance. This marks a significant shift in perception […]
The Canton of Basel-Stadt is embracing the benefits of digitalization in its financial procurement processes. With the support of Basler Kantonalbank, it has launched a digital bond worth 105 million Swiss francs. This bond is being issued on the SDX platform, which is based on blockchain technology, and can be purchased using digital Swiss francs […]
The cities of Basel and Zurich in Switzerland have made history by settling tokenized bonds using a wholesale central bank digital currency (CBDC) issued by the Swiss National Bank (SNB). This milestone was achieved as part of Project Helvetia Phase III, an initiative exploring the real-world use cases of a wholesale CBDC for commercial banks. […]
Mastercard has announced its support for Fideum Group’s vision to merge cryptocurrency with traditional finance. Fideum aims to leverage Mastercard’s global network to expedite the integration of digital assets into the financial industry.This collaboration between Mastercard and Fideum signifies a significant step towards bridging the gap between the crypto world and traditional financial systems. By […]
The concept of using the Internet as a marketplace faced initial challenges in implementation. As the Internet became more accessible, the demand for secure online transactions grew. However, convincing users about the importance of privacy and anonymity online proved to be difficult, which limited the adoption of ecash. Despite this, ecash aimed to solve the […]
Circle, the US company behind the USDC stablecoin, has expanded its operations into the European market by registering as a digital asset service provider (DASP) in France. To begin its operations in France, Circle needs to obtain approval as a payment services provider (PSP) or register as an agent of a PSP. The company has […]
Circle, the US company behind the USDC stablecoin, has expanded its operations into the European market by registering as a digital asset service provider (DASP) in France. To begin its operations in France, Circle needs to obtain approval as a payment services provider (PSP) or register as an agent of a PSP. The company has […]
Finpact, a spin-off of the University of St. Gallen, has been granted a license as an asset manager by the financial regulator. The company specializes in digital wealth management for customers aged 50 and above, catering to capital payouts, inheritances, and savings. The license from the Swiss Financial Market Supervisory Authority (Finma) is seen as […]
