Search results for tokenised government bonds
Crypto
Kazakhstan pushes tax exemption on crypto trading income, overhauls capital market rules
Kazakhstan has issued a new decree covering cross-border payments using stablecoins, incentives to move offshore crypto assets into the domestic regulated market, and possible tax breaks for retail investors. The government is considering exempting personal income tax on digital-asset trading profits conducted through its regulated infrastructure. The decree also addresses crypto mining and power policy, allowing certain gas resources to generate electricity for mining. It includes instructions on tokenised financial products and possible tokenised government bonds.
Crypto
XRP overtakes bitcoin on Upbit as South Korea emerges as a core XRPL market
XRP has become one of the key traded assets on Upbit in South Korea, with its XRP/KRW market sometimes surpassing bitcoin and ether during periods of higher volatility, according to remarks by Evernode CEO Ashish Birla. He also pointed to a shift among major South Korean financial institutions toward investing in infrastructure supporting digital assets. Discussion at the Bitcoin Seoul event also highlighted tokenisation and real-world assets.
Crypto
XRP Ledger used for tokenised government bond settlement in South Korea
Ripple\'s XRP Ledger (XRPL) has been used in South Korea to settle tokenised government bonds. Ripple worked with Kyobo Life Insurance to apply XRPL across issuance, settlement and custody of the bonds. The case aligns with Ripple CEO Brad Garlinghouse\'s recent push for onchain bond settlement and his criticism of slow, inefficient traditional systems. Market participants say the approach is already being implemented in part, including an April transaction in South Korea.
