Swift said it has concluded a digital assets interoperability trial with a trio of banks. The global messaging platform said this effort—conducted in collaboration with BNP Paribas Securities Services, Intesa Sanpaolo and Societe Generale’s SG Forge—allowed for “the seamless exchange and settlement” of tokenized bonds,...
Financial markets infrastructure provider LSEG launched its new digital settlement service, known as Digital Settlement House (LSEG DiSH). The service allows for “programmatic and instantaneous settlement between independent payment networks, both on- and off-chain,” according to a Thursday (Jan. 15) press release. “LSEG DiSH expands...
Blockchain-based lender Figure has launched a way for companies to list their equity native on blockchain. The company said its On-chain Public Equity Network (OPEN), announced Wednesday (Jan. 14), differs from other tokenization efforts in that OPEN equities are blockchain registered, and not a tokenized...
Stablecoin infrastructure provider BVNK is set to start powering stablecoin payments for Visa’s money movement network. The partnership between the two companies, announced Wednesday (Jan. 14) in a news release shared with PYMNTS, will see BVNK power Visa Direct’s stablecoin services such as stablecoin pre-funding,...
By any reasonable definition, stablecoins work. But “working” is not the same as working compliantly. Built to move value at internet speed, stablecoins promise and provide a cleaner, faster alternative to legacy rails, particularly for cross-border payments, on-chain settlement and crypto-native financial services. For most...
When PYMNTS and Citi launched the “From the Block” podcast, the goal was not to unpack the mechanics of blockchain or recap legislative fine print. It was to answer a more practical question: What actually changes “on the block” when digital asset innovation moves out...
BNY enabled the on-chain mirrored representation of client deposit balances on its Digital Assets platform and said this marks the first step in its strategy to tokenize deposits. With this initiative, the bank aims to support programmable, on-chain cash for institutional market infrastructure, BNY said...
Digital Asset and Kinexys by J.P. Morgan have announced a collaboration that will bring Kinexys by J.P. Morgan’s products to Digital Asset’s Canton Network. The collaboration will initially focus on enabling the native issuance of Kinexys by J.P. Morgan’s deposit token product JPM Coin on...
Solana Mobile will reportedly launch its SKR token, which is designed to serve as the governance and incentive layer for the company’s ecosystem, on Jan. 21. This ecosystem is centered on Solana Mobile’s Seeker smartphone and a decentralized app store, and SKR will be used...