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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 Standard Chartered to use FundsDLT for blockchain-based transfer agency, why centralized exchange OKX launches decentralized L2 with Polygon CDK and how Citi trials FX solution are using Avalanche blockchain.
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Remember to listen to Unchained podcast with Laura Shin, where she dives into the week’s hottest news story, and then gives a rundown of the biggest headlines in the weekly news recap on Fridays.
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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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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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Following BIG's successful business development over the last five years with a focus on financial services, implementing various projects related to blockchain and digital assets, we are expanding into new industries and are looking for an experienced industry leader with hands-on experience in business development, project management and technology.
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Standard Chartered to use FundsDLT for blockchain-based transfer agency
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The key benefits of the software are efficiency and cost reductions. It enables asset managers, distributors and client investors to share data in a permissioned fashion. Additionally, it supports real-time cash collection.
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Centralized exchange OKX launches decentralized L2 with Polygon CDK
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OKX is launching its own zkEVM layer-2 network testnet using Polygon’s CDK. The network, named X1, will mark the centralized exchange’s first steps into building and developing its own on-chain environment.
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Project Guardian: Citi trials FX solution using Avalanche blockchain
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Citi developed a public blockchain FX solution as part of Project Guardian, a Monetary Authority of Singapore tokenization initiative. FX prices for the USD/SGD pair were streamed to the blockchain using an oracle.
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REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)
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Korea’s Hana Securities plans security token platform for 2024
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Korea’s Hana Securities announced it selected INF Consulting as technology partner for its security token offering (STO) platform. It plans to launch it in the second half of 2024.
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Crypto Exchange BGX Hong Kong invests $90M for digital asset innovation
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This subscription, will set a landmark in the BC Technology Group’s endeavor to foster a new age of digital asset innovation.
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Standard Chartered’s SC Ventures incubates tokenization platform Libeara
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Libeara supports the tokenization of funds for regulated managers. It wants to work with governments to issue native bond tokens. Plus it’s a general purpose security token issuance platform.
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FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)
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India full-scale wholesale CBDC launch may happen in early 2024
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Barely one year after launching a wholesale central bank digital currency pilot, there is speculation that the Reserve Bank of India will proceed with a full-scale rollout in early 2024.
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IMF says CBDC can replace cash: 'This is not the time to turn back'
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CBDCs are the digital form of a country's fiat currency, which are regulated by the country's central bank. They are powered by blockchain technology, allowing central banks to channel government payments directly to households.
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How to make CBDC work for offline payments
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In ‘virtual’ bank notes scenario the central bank issues cash in the form of unique and immutable digital tokens, which can be held in a digital wallet. This is CDBC, and every unit of CBDC is a claim on the central bank.
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CRYPTOCURRENCIES, DeFi and NFT
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Maine state treasurer to focus on handling abandoned cryptocurrency accounts
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According to official data, the state of Maine currently holds over $328M in unclaimed property. The state is looking into how to handle abandoned cryptocurrency accounts.
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Navigating the waves of change: A week in DeFi
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DeFi world has been a whirlwind of activity, showcasing both the potential and challenges of this rapidly evolving sector. As Wedefin continues to shape the future of inclusive finance, let’s dive into some of the most significant developments.
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Disney reveals NFT platform with Dapper Labs, including Star Wars and Pixar
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NBA Top Shot maker Dapper Labs is expanding beyond sports with digital Disney pins minted as NFTs on Flow. The platform will include digital pins based on Disney, Pixar, and Star Wars characters and properties.
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RECOMMENDED INDUSTRY REPORTS AND BOOKS
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2023 State of Crypto Report:
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Introducing the State of Crypto Index
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Swiss Digital Asset Custody Report 2023
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The safekeeping of financial assets is a global strength of Switzerland’s banking industry.
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Laura Shin is a crypto/blockchain journalist and host of the Unchained podcast. As a former senior editor of Forbes, she was the first mainstream reporter to cover crypto assets full-time. She gives an overview to all experts and novices alike on the use cases making a real impact, and their vision for the future of this innovative technology!
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Crypto Finance Conference 2024
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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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