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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.

Finance

Meritz Securities nears ninth short-term note issuer status after SFC approval

Meritz Securities is close to becoming South Korea\'s ninth securities firm licensed to issue short-term notes after passing a review by the Securities and Futures Commission under the Financial Services Commission. Only a final decision at the FSC’s regular meeting on Sept. 23 remains. The firm’s approval timeline was delayed after it was dropped from an earlier agenda. Samsung Securities has completed the process and will start selling its first product on Sept. 21.

Industry

Musk says Tesla to open-source Model S and X; doubts raised on scope after Roadster precedent

Tesla CEO Elon Musk said the company would open-source the Model S and Model X, but questions are being raised over how much will actually be released, citing the earlier disclosure of the original Roadster. Only a small set of files and documents was published, with key design and firmware materials omitted. Licensing terms also drew criticism for lacking standard open-source permissions. Industry watchers are focused on whether a similar approach will be repeated for Model S and X.