tokenised deposits

  • BLOOM Digital Money Settlement: Malaysia and Thailand Join MAS

    On 23 October 2026 the Monetary Authority of Singapore (MAS) announced that Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) had joined BLOOM as policymaker members. BLOOM (Borderless, Liquid, Open, Online, Multi-currency) is the public-private initiative MAS launched in October 2025, and BLOOM digital money settlement work now brings three central banks together…

  • MiCA Review: The EBA’s Priorities for Token Issuers and CASPs

    On 24 September 2026 the European Banking Authority published its response to the European Commission’s targeted consultation on the MiCA review, an exercise feeding into the review framework under Article 140 of Regulation (EU) 2023/1114. The EBA asks the Commission to prioritise five things: a dedicated regime for third-country multi-issuer stablecoin schemes, a fresh look…

  • Project Agora: Tokenised Wholesale Payments Reach Real-Value Testing

    On 27 May 2026 the Bank for International Settlements and the Institute of International Finance published the findings report for Project Agora, and the headline was concrete. A prototype had settled wholesale cross-border payments across several currencies using tokenised central bank reserves and tokenised commercial bank deposits, and the project’s legal analysis found that settlement…

  • e-HKD Pilot Programme Ends: HKMA’s Wholesale Pivot for Banks

    On 28 October 2025 the Hong Kong Monetary Authority published the e-HKD Pilot Programme Phase 2 Report and, with it, drew a line under three years of retail testing. The report sets out the HKMA’s latest policy stance on Hong Kong’s central bank digital currency: the immediate priority for the e-HKD sits in wholesale settlement…

  • HKMA Project Ensemble: Tokenised Deposits Enter Real-Value Pilot

    On 13 November 2025, the Hong Kong Monetary Authority (HKMA) launched Ensemble TX, the pilot phase of Project Ensemble, and with it moved tokenised-deposit settlement out of the laboratory and into real-value transactions. HKMA Project Ensemble had spent more than a year as a sandbox; Ensemble TX now lets participating banks settle interbank tokenised deposit…

  • PRA Dear CEO Letter: Separate, Insolvency-Remote Stablecoin Issuance

    On 18 May 2026 the Prudential Regulation Authority sent a Dear CEO letter to the chief executives of UK banks and designated investment firms, reaffirming where the line sits between a deposit and everything that only looks like one. The PRA Dear CEO letter on innovations in the use of deposits, e-money and stablecoins, signed…