Chainlink Labs’ director of capital markets said traditional finance is not the best use case for tokenization, real-world data is. Real-world asset (RWA) tokenization is one of the largest market opportunities in the blockchain industry, with a potential market size in the hundreds of trillions of dollars. 1/ The tokenized RWA opportunity is measured in…
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Banking giant HSBC is now allowing retail investors in Hong Kong to buy real gold through digital tokens. HSBC’s new gold investment is available through the bank’s online banking service and app, it said Wednesday. It’s the first time HSBC has used its private distributed ledger for everyday investors. To power the gold token, the…
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The Bank of International Settlements (BIS) has published a report on cryptocurrencies and explains that the technology has serious “flaws.” BIS researchers insist that permissionless blockchains have “inherent limitations” that lead to network congestion and high fees. BIS Report: ‘Crypto Has So Far Failed to Harness Innovation to the Benefit of Society’ In its latest…
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The head of the South African central bank has insisted that regulators and policymakers should be involved in directing any potential move to markets that are based on distributed ledger technology (DLT).
Pondering the Implications of Innovation
The governor of the South African Reserve Bank (SARB), Lesetja Kganyago, has argued that central banks, regulators,…
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