BlackRock eyes BUIDL for derivatives collateral in crypto exchanges
    19 Oct 2024
    69 Views

    Asset manager BlackRock is reportedly pushing its money-market digital token to be used as collateral in cryptocurrency derivatives trading. According to an Oct. 18 Bloomberg report, the company is in talks to integrate its BlackRock USD Institutional Digital Liquidity Fund (BUIDL) token with the trading systems of major crypto exchanges such as Binance, OKX and Debirit. Brokerage…

    DBS rolls out blockchain-based banking for institutions
    19 Oct 2024
    65 Views

    Singapore’s DBS Bank has introduced a new suite of blockchain-powered services for its institutional clients. In an announcement sent to Cointelegraph, DBS introduced the “DBS Token Services,” which facilitate real-time payment settlements using the bank’s permissioned blockchain. Permissioned blockchains are networks with an access layer that allows participants to only interact with a pre-approved level of…

    UAE stablecoin issuer gets nod from central bank
    19 Oct 2024
    88 Views

    The Central Bank of the United Arab Emirates (CBUAE) has granted in-principle approval to AED Stablecoin under its Payment Token Service Regulation framework, the company said in a press release. AED Stablecoin’s preliminary license approval makes it a frontrunner in the race to become the first issuer of a regulated dirham-pegged stablecoin in the UAE. The development…