The move is seen as a breakthrough for the crypto industry as it represents a leap for stablecoins to be used to invest in crypto asset strategies.
This latest pilot project involved HK-based MTC Electronic exporting a shipment of LCD parts and panels to its parent company, Shenzhen MTC.
The new Layer 2 Exchange (L2X) protocol has been developed in association with its partner Enuma Technologies
This collaboration with Thai-based PTT oil trader also marks the first digitization of the cross border Letter of Credit (LC) in the oil industry.
The industry is likely to be driven primarily by blockchain consortiums and large global corporations such as Microsoft, Amazon and IBM.
The partnership underscores both UBX and OneConnect’s commitments in using technology to promote financial inclusion in the country, where 77% of the population is reportedly unbanked.
1exchange is billed as the world’s first regulated exchange for private securities built on a public blockchain. It is designed to get rid of middlemen in capital markets such as investment banks and traditional stock exchanges.
In a shift of tone, BIS’ Augusten Carsten tells FT that central bank digital currencies might happen sooner than expected.
C Block’s Mun Shing Cheong speaks on various topics such as the challenges and opportunities in the brand new field of asset tokenization in the context of Asia.
Blockchain in trade finance has practice use for firms like Procter Gamble that benefit from transparency and understanding of the status of their container shipments.