The Utility Settlement Coin initiative will tokenise fiat currencies on an Ethereum-based blockchain addressing the ‘cash on a ledger’ problem and potentially transforming the post-trade process, and, most importantly, banks are throwing their money behind it.
Tag: tokenised assets
Deutsche Börse stated the initiative is the latest milestone in building a comprehensive ecosystem for digital assets.
The Monetary Authority of Singapore and Singapore Exchange developed two Delivery versus Payment capabilities for the settlement of tokenised assets across different blockchain platforms.
A fully integrated trading, settlement and custody infrastructure for digital assets is set to launch in 2019.