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Crypto

Alliances accelerate in tokenised securities from issuance to distribution and payment

With the tokenised securities system about 4 months away, partnerships among South Korean financial firms are speeding up. Firms are dividing roles with blockchain, tokenisation, platform and content companies to build business bases linking issuance, distribution and payment. Regulators have proposed amendments to related rules ahead of a Feb. 4, 2027 start date, while caps and capital requirements are set. Market competition is expected to hinge on commercial products and trading after the launch.

Crypto

Hong Kong shifts financial markets to 24-hour on-chain settlement, speeds up tokenised payments

Hong Kong is strengthening tokenised financial infrastructure and digital asset regulation at the same time. It plans to build a 24-hour on-chain payment environment using tokenised central bank money, while also revising licensing for crypto operators and regulatory frameworks for tokenised investment products. The Hong Kong Monetary Authority aims to upgrade its EnsembleTX pilot by year-end, and regulators also plan tougher oversight of custody and anti-money laundering, including market surveillance using systems and AI.

Crypto

Banks and regulators launch quantum-resistant crypto project

Responsible Finance Institute (RFI) and crypto custody infrastructure firm Safeheron have launched a pilot project to test a quantum-resistant cryptocurrency wallet and on-chain transfer infrastructure, Cointelegraph reported. Banks and financial regulators from Europe, the Middle East and Asia are participating. The project uses an MPC protocol supporting NIST’s ML-DSA-65 standard on a quantum-resistant NEAR testnet. RFI said regulators including ADGM, GFSO and MFSA have confirmed participation.