News list for "settle"
According to Bloomberg, German automaker BMW AG has started using a blockchain-based system to automate some foreign exchange transactions, as companies increasingly look to leverage the technology behind cryptocurrencies to accelerate and streamline the multi-billion-dollar cross-border transfer process. The company uses JPMorgan Chase & Co.'s Kinexys platform, which automatically transfers euros from BMW's New York dollar account when the balance falls below a set threshold.
According to Cointelegraph, Visa has announced a new partnership with crypto infrastructure company Aquanow that will expand its stablecoin settlement business in the Central and Eastern Europe, Middle East, and Africa (CEMEA) region. The partnership will utilize approved stablecoins such as USDC for transaction settlement and aims to reduce cross-border transfer costs, reduce operational friction, and shorten settlement times. Godfrey Sullivan, head of products and solutions for Visa CEMEA, sai...
Securitize on Wednesday received European Union DLT pilot regulatory authorization to operate a regulated tokenized trading and settlement system, making it the only tokenized infrastructure company in both the United States and the European Union to have a license. Spain's National Securities Market Commission (CNMV) approved it to operate the system within the European Union and allow it to connect to existing U.S. infrastructure. Securitize plans to deploy the European trading and settlement ...
On November 18th, South East Asia ride-hailing giant Grab and Singapore-based stablecoin payment infrastructure provider StraitsX have signed a memorandum of understanding to jointly explore the construction of a Web3 wallet and stablecoin-based settlement layer in Asia. The partnership plans to integrate the Web3 wallet function into the Grab app, enabling users to hold and use stablecoins such as XSGD and XUSD for transactions, while allowing GrabPay merchants to accept stablecoin payments fro...
The UK's Financial Conduct Authority (FCA) has approved London-based company ClearToken to launch a regulated digital asset settlement platform, CT Settle, which will use the cargo-to-silver countermeasure (DvP) mechanism to support institutions to settle cryptocurrencies, stablecoins and fiat currencies simultaneously. It is reported that this regulatory approval gives ClearToken the dual status of "authorized payment institution" and "cryptoasset registered entity". The company plans to furthe...
英国金融行为监管局（FCA）已批准伦敦公司 ClearToken 推出受监管的数字资产结算平台 CT Settle，该平台将采用货银对付（DvP）机制，支持机构以加密货币、稳定币和法定货币进行同步交收。据悉本次监管批准赋予 ClearToken “授权支付机构”与“加密资产注册实体”双重资格，公司后续计划通过英格兰银行的“数字证券沙盒”进一步拓展至集中清算与保证金服务。
According to Cointelegraph, stablecoins are surpassing traditional credit card systems, with faster settlement speeds, lower cross-border costs, and programmable rewards.
On September 18, 2025 (Monday), the People's Bank of China will invite tenders to issue the seventh installment of central bank bills in 2025 through the HKMA Central Clearing System for Debt Instruments (CMU) bond bidding platform. The seventh installment of central bank bills has a term of 6 months (182 days). It is a fixed-rate interest-bearing bond with principal and interest repayment at maturity. The issuance volume is RMB 60 billion yuan. The interest rate starts on September 24, 2025. Th...
With Venezuela's annual inflation rate soaring to 229%, stablecoins such as USDT have become the "de facto" currency in the financial system for millions of Venezuelans. Locals are said to refer to Bitcoin as the "Binance Dollar", while the country's currency, the bolivar, has largely disappeared from daily business activities. Hyperinflation, strict capital controls, and a differentiated exchange rate landscape have made people increasingly prefer stablecoins to cash or local bank transfers. Fr...
Clearing firm Marex announced that it has integrated with JPMorgan's blockchain settlement system Kinexys Digital Payments through a partnership with Brevan Howard Digital, with the aim of modernizing payment infrastructure and reducing settlement risk by leveraging programmable, always-on digital ledger technology.
