World Banking Giants Join Project Agora to Reengineer Cross Border Payments

September 18, 2024 Bitcoin.com

bitcoin.com

Over 40 leading private banking institutions have joined Project Agora, a Bank for International Settlements (BIS) initiative to integrate smart contracts to change the current payment flow standard. The objective is to design a system combining public and private money to enhance cross-border settlement processes. Project Agora Gains Support From Private Banking Giants Project Agora, […]

Web 4.0 – Blockchain and AI Will Usher In a More Humane and User-Friendly Web

Australia’s central bank launches 3-year program for wholesale CBDC

September 18, 2024 Coin Telegraph

Australia

RBA Assistant Governor Brad Jones said the potential benefits of a retail CBDC in Australia appear modest or uncertain at present.

The Reserve Bank of Australia (RBA) says it won’t be pursuing a retail CBDC anytime soon, but instead, it will focus its efforts on launching a wholesale CBDC.

In a Sept. 18 speech at the Intersekt Fintech Conference in Melbourne, RBA Assistant Governor Brad Jones presented the Australian central bank’s three-year roadmap, which focuses largely on the development of a wholesale CBDC.

Jones said the RBA’s research had found a retail CBDC offered little in the way of genuine innovation for public use in Australia, whereas a wholesale CBDC would offer several key advantages to commercial and central banks.

Web 4.0 – Blockchain and AI Will Usher In a More Humane and User-Friendly Web

Qatar Financial Centre Activates Digital Assets Lab

September 17, 2024 Bitcoin.com

bitcoin.com

Qatar Financial Center (QFC) has launched its Digital Assets Lab, selecting 24 participants to develop innovative digital solutions using distributed ledger technology. Key partners include Google Cloud, Masraf Al Rayan, The Hashgraph Association, and R3. Lab Participants to Lead Digital Transformation In a move signaling Qatar’s embrace of digital assets, the QFC, the region’s leading […]

Web 4.0 – Blockchain and AI Will Usher In a More Humane and User-Friendly Web

ParaFi Capital to tokenize $1.2B fund on Securitize

September 12, 2024 Coin Telegraph

ParaFi Capital to tokenize .2B fund on Securitize

Assets

ParaFi Capital will tokenize part of its $1.2 billion portfolio using the Avalanche blockchain and tokenization platform Securitize.

Digital asset management firm ParaFi Capital has taken its first step into fund tokenization by offering a minority stake in its latest venture capital fund on the Avalanche blockchain.

According to a Sept. 12 Bloomberg report, the firm’s $1.2 billion fund will be partially tokenized and available for trading through the Securitize platform, marking a move toward integrating blockchain technology into traditional asset management.

“We decided we want to eat our own dog food,” said ParaFi founder Ben Forman. “We are investors in this technology, but we didn’t just want to invest in the tokenization infrastructure, we wanted to use it ourselves.”

Web 4.0 – Blockchain and AI Will Usher In a More Humane and User-Friendly Web

Accenture invests in Emtech to strengthen CBDC, fintech solutions

September 10, 2024 Coin Telegraph

Accenture

The deal will see Emtech’s CBDC solutions and its regulatory and compliance sandboxes integrated into Accenture’s offerings.

Information and financial technology services company Accenture has invested in fintech startup Emtech, which provides software-as-a-service to central banks and fintech companies. Accenture plans to integrate Emtech products into its core banking services.

Emtech was founded in 2019 by former IBM Blockchain executive Carmelle Cadet. It counts seven central banks — those of Ghana, Nigeria, the Republic of Guinea, Liberia, Sierra Leone, The Gambia and the Bahamas — among its clients. It also created a central bank digital currency (CBDC) proof-of-concept for the Bank of the Republic of Haiti.

In addition to the infrastructure for CBDC, Emtech offers a regulatory sandbox feature and is developing a compliance feature for financial service providers. Emtech states that it has over 200 fintech clients. Cadet said in a statement:

Web 4.0 – Blockchain and AI Will Usher In a More Humane and User-Friendly Web

State Street Expands Crypto Offerings in New Partnership With Real World Assets-Focused Firm Taurus: Report

August 20, 2024 The Daily Hodl

Blockchain

State Street is announcing a new collaboration with Swiss cryptocurrency firm Taurus to introduce digital asset services to institutional investors. According to Reuters, the partnership will enable State Street to offer custody services for cryptocurrency holdings and assist in creating tokenized versions of traditional assets, such as funds and securities. The service targets asset management […]

The post State Street Expands Crypto Offerings in New Partnership With Real World Assets-Focused Firm Taurus: Report appeared first on The Daily Hodl.

Web 4.0 – Blockchain and AI Will Usher In a More Humane and User-Friendly Web

Colorado Church group tokenizes $2.5M chapel

August 18, 2024 Coin Telegraph

Colorado Church group tokenizes .5M chapel

Blockchain

This may be the first tokenized church in the world.

A network of affiliated church groups called the “Colorado House of Prayer” has tokenized its main chapel in an effort to purchase the $2.5 million building.

The pastor heading the project, Blake Bush, says he was compelled by a higher power to use blockchain technology as a tool for advancing the group’s mission.

According to a report from Forbes, Bush’s congregation and other church groups had been renting the building from its owner, a local businessperson who also owns a car dealership.

Web 4.0 – Blockchain and AI Will Usher In a More Humane and User-Friendly Web

Ripple and SBI Digital Community Partner to Advance Web3 With XRP Ledger

August 14, 2024 Bitcoin.com

bitcoin.com

SBI Digital Community Co. Ltd. has partnered with Ripple Labs Inc. to promote the use of the XRP Ledger in the Web3 space. The partnership will also involve issuing non-fungible tokens (NFTs) on the XRP Ledger and rewarding creators in XRP, aiming to enhance consumer experiences and make Web3 technologies more accessible. SBI Digital Community […]

Web 4.0 – Blockchain and AI Will Usher In a More Humane and User-Friendly Web

Former NBA Star Scottie Pippen to Tokenize Legendary Chicago Bulls Ball

July 28, 2024 Bitcoin.com

bitcoin.com

Scottie Pippen, a former Chicago Bulls’ small forward, 6-time NBA champion, and 2-time Olympic Gold medalist, has announced the tokenization initiative for a historic ball. Pippen alleges that he had saved the ball that started the Chicago Bulls dynasty, used in the fifth game of the team victory against the Los Angeles Lakers during the […]

Web 4.0 – Blockchain and AI Will Usher In a More Humane and User-Friendly Web

Fintech Company Tecban Pilots Tokenization Platform for Brazil’s Drex CBDC

July 27, 2024 Bitcoin.com

bitcoin.com

Tecban, a fintech that provides interconnection technology for banks, has launched a tokenization and associated services platform called Nexchain. This platform facilitates the process of placing assets on the blockchain for third parties as part of the Drex pilot. The platform will be launched in tandem with the second pilot phase of the Brazilian CBDC, […]

Tokenization

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