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BIG Weekly Newsletter
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A Message To The Reader
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Welcome to the BIG weekly Newsletter!
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This week read about how the World Bank issues digital bond in Switzerland on the blockchain, why Panasonic explores using DCJPY digital currency for tourist passes and how Mastercard picks five startups for program on blockchain use-case development.
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We offer a free consultation with access to the blockchain insights. Book your free consultation with us here.
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TRUSTED PARTNERS
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BIG EXPERTISE
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Harness the power of blockchain with a trusted partner. BIG is transforming financial futures through strategic, compliant, and operational excellence.
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- Proven Expertise: Architected and executed strategies for multiple global entities, seamlessly integrating digital assets and pioneering tokenization.
- Swiss Localization: Successfully onboarded several firms in Switzerland, optimizing their governance and fundraising capacities.
- Strategic Guidance: Elevated numerous projects to success with effective board and corporate structures.
- Tailored Solutions: Designed and deployed tailored products for several industry leaders, ensuring alignment with individual functional needs
- Seamless Integration: Managed end-to-end integrations for numerous service providers, ensuring smooth transitions to live operations.
- Project Mastery: Transformed numerous project concepts into operational successes, consistently meeting and exceeding client expectations.
- Regulatory Partnerships: Forged strong ties with legal specialists, SROs, and FINMA, setting the gold standard in regulatory navigation.
- Compliance Leadership: Rolled out internationally recognized compliance tools and frameworks, guiding best practices in the sector.
- Crypto Assurance: Pioneered innovative methods for cryptocurrency ownership verification, securing assets for multiple global entities.
- Operational Excellence: Spearheaded operational setups for several renowned industry leaders, championing peak performance.
- Cybersecurity Vanguard: Protected clients from numerous potential cyber threats, establishing a reputation for unmatched security.
- Infrastructure Prowess: Revolutionized IT for several firms with state-of-the-art setups and blockchain optimizations.
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World Bank issues digital bond in Switzerland on the blockchain
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The coupon and redemption payments will be made using tokenized CHF on the SDX. The SDX connects to conventional settlement systems such as Euroclear and Clearstream.
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Panasonic explores using DCJPY digital currency for tourist passes
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Panasonic announced a project to explore using the DCJPY digital currency for tourist passes. DCJPY is the tokenized deposit initiative is backed by Japan’s largest firms, which plans to launch in mid 2024.
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Mastercard picks five startups for program on blockchain use-case development
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Five startups have been chosen to join Mastercard’s Start Path blockchain and digital assets program to develop blockchain use cases and user experiences.
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REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)
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House advances FIT21 Act for digital asset regulation
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The FIT21 Act aims to provide regulatory clarity for digital assets, addressing longstanding uncertainties that have hindered innovation and consumer protection.
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XECO and CS-PRO announce the first green security token offering for NEVs charging network in Hong Kong
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New Energy Vehicles are a major step forward in the aim to get to a zero-carbon transport sector. It predicted that the global demand for NEVs will be four-fold from 2022 to 2030.
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Senate votes to overturn SEC crypto custody rule
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The U.S. Senate voted for a bipartisan resolution to overturn the Securities and Exchange Commission’s (SEC) SAB 121, the staff accounting bulletin that makes it prohibitive for banks to offer digital asset custody services.
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FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)
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Arta TechFin’s eHKD CBDC trial shows interest-free currency can disrupt banks
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The Arta pilot explores converting cash balances to a CBDC (or stablecoin or tokenized deposit) and automating the subscription to a money market fund.
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Safeguarding central bank digital currency systems in the post-quantum computing age
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Central banks must embed cryptographic agility into CBDC systems to defend against quantum cyberattacks targeting payment infrastructure.
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IMF outlines trade offs for retail cross border CBDC design
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If the PSP tries to do the same thing, it would also need to be able to access the foreign CBDC. If it can’t, it would have to go through an intermediary or use correspondent banking, which rather defeats the object.
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CRYPTOCURRENCIES, DeFi and NFT
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Cryptocurrency prompts major shifts in banking industry
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The rise of digital currencies and blockchain technology integration led to a growing need for professionals skilled in both traditional banking systems and cryptocurrency.
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Defi builders must choose their bridge wisely
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Bridges—blockchain protocols fostering cross-chain interoperability—have contributed to defi’s expanded capabilities by unlocking isolated “islands” of liquidity, enabling assets to flow more freely.
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Dolce & Gabbana sued for messing up delivery of its NFTs
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The complaint alleged that the company promoted the NFTs, telling customers that buying the DGFamily NFTs would grant them access to various digital rewards.
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RECOMMENDED INDUSTRY REPORTS
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Swiss Blockchain Federation updates Circular on Staking
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Staking is an energy-efficient mechanism for consensus building in public blockchain networks such as Ethereum, Solana and Cardano.
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Masterthesis "Onchain-Finance"
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New and innovative services for Swiss banks with digital assets
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presented by Daniel Stüssi, MAS Digital Excellence for Financial Services at Zürcher Fachhochschule and HWZ Hochschule für Wirtschaft Zürich.
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Searching for Mana podcast is focused on tech innovation in finance, where Lloyd Wahed meets with some of the influencers, leaders and founders in the tech and finance space.
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Unchained podcast with Laura Shin, is where she dives into the week’s hottest news story, gives an overview to all experts and their vision for the future of this innovative technology!
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The Security Token Show podcast hosted by Kyle Sonlin and Herwig Konings, where they share news, innovation, and development is the finance.
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Paul Barron Network podcast dives into crypto news, reviews, research, and interviews with the leading experts and change agents defining the future of crypto and blockchain.
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London Blockchain Conference
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Got a question?
Or perhaps a suggestion? We'd love your feedback.
Contact Rali Hill
- content provider of this Newsletter.
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