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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 UBS pushes ahead with blockchain initiatives, why new Hyperledger members include Deloitte, Norges Bank, Japan’s CCP, Indian payments and what it takes to be a blockchain city.
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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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UBS pushes ahead with blockchain initiatives
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The Swiss bank has successfully implemented a repo solution from US financial services provider Broadridge Financial Solutions based on DLR platform.The global expansion of the platform to include sell-side and buy-side firms enables a network effect with increased value.
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New Hyperledger members include Deloitte, Norges Bank, Japan’s CCP, Indian payments
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The ecosystem for enterprise-grade blockchain technologies, announced seven new members. They reflect the growing enterprise focus on tokenization, blockchain and central bank digital currency.
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What it takes to be a blockchain city
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Busan continues to advance in blockchain adoption and innovation. With a supportive regulatory framework, and integration across multiple sectors, the city is well on its way to becoming a leading global blockchain hub..
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REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)
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Adoption of digital assets in Nigeria
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DLT brings the power to share stakes in illiquid assets and secure ownership in the asset of business by providing a transparent, irrevocable record of identity, ownership or data in a single universally accepted ledger.
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South Korea’s regulatory landscape for digital assets
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Digital assets with stake in the operation of business or represent ownership or project will be considered STOs and subject to securities regulations.
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Qatar to allow investment tokens under its digital assets framework
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The Regulatory Authority and the QFC Authority has developed a QFC digital assets framework designed to achieve the following objectives, develop a legal and regulatory framework for digital assets through the establishment of a tokenization framework
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FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)
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Korean wholesale CBDC pilot to support tokenized deposits, Unified Ledger
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BoK announced plans for a wholesale central bank digital currency pilot in conjunction with BIS. Key motivations for the Korean wholesale CBDC include acting as a settlement asset for commercial bank tokenized deposits.
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CBDC lays foundation for new global monetary system: French central bank
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Denis Beau sees several paths for developing a CBDC. The first is the development of common standards and interoperability between wholesale CBDCs and legacy systems. The second promoted by the IMF and BIS is the development of regional or global CBDC platforms.
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Ghana launches CBDC hackathon
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Ghana’s central bank has announced the launch of an eCedi hackathon. The project will run for 12 weeks and bring together teams of programmers, designers, engineers and other financial professionals to identify the potential use cases of a Central Bank Digital Currency
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CRYPTOCURRENCIES, DeFi and NFT
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Bitcoin mining restricted to legal entities in Uzbekistan
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Cryptocurrency mining in Uzbekistan faces major changes as the country’s crypto market supervisor has approved a framework for licensing crypto mining operations. NAPP issued a decree on licensing cryptocurrency mining operations.
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BIS crypto, DeFi data project may identify inflated crypto exchange volumes
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BIS Innovation Hub shared the results of its first proof of concept as part of Project Atlas. It aims to create a data platform for DeFi enabling central banks worldwide to analyze crypto-asset data.
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Adidas and Moncler collab features AI 'Adventurers' and NFTs
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The collaboration between iconic apparel brands Adidas and Moncler includes a campaign created with generative AI, plus NFT collectibles.
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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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Pacific Bitcoin Festival 2023
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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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