digital assets

The asset manager's blockchain-native bond fund marks another milestone in Hong Kong's push to build regulated tokenised capital markets.

With the HKMA close to issuing licences, yuan-linked stablecoins could help boost the internationalisation of the Chinese currency.

Global regulators are seeing a convergence of digital-asset standards, even as differences in pace and risk culture persist. Speakers at the Singapore Fintech Festival said responsible innovation, is becoming the organising principle for harmonisation.

HSBC’s John O’Neill discusses the bank’s growing focus on digital assets and why Hong Kong has emerged as a key launchpad for its strategy.

Standard Chartered is providing full FX services with more services expected in Q4; FA understands that FalconX will partner with more banks soon.

While banks should remain conservative, a balance with innovation can be reached, according to Deutsche Bank’s Boon Hiong Chan.

The new regulation is targeting digital asset and payment service providers in both cryptocurrencies and stablecoins; draft legislation is expected by the end of 2025.

The HKEX listed exchange benefitted from surging crypto prices, and is looking at overseas markets and payment expansion.

Even as the market cap for digital currencies rises, experts say regulators in Asia will prioritise a prudent oversight path rather than follow Washington in lockstep; HK and Singapore's rivalry is set to continue.