HSBC Launches Retail Tokenized Gold Products in Hong Kong

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Daily News:

1) Azuki Chooses Arbitrum For Anime-Focused Project AnimeChain

2) HSBC Launches Retail Tokenized Gold Products in Hong Kong

3) NEAR Launches Tool For Signing Transactions on BTC, ETH & More

4) Bolt Appoints Interim CEO

5) Philippines Sets Up New Payment Systems Regulations

Azuki Chooses Arbitrum For Anime-Focused Project AnimeChain:

• AnimeChain, announced by the Arbitrum Foundation, Weeb3 Foundation, and Chiru Labs, aims to be a blockchain-powered ecosystem for anime creators and fans, offering original and third-party content, games, merchandise, and NFTs.

• The platform will use the Arbitrum network, an Ethereum scaling solution that can handle up to 40,000 transactions per second, to provide a seamless experience for users and onboard millions of anime fans.

• AnimeChain will feature an intuitive user interface to ensure accessibility for anime fans new to Web3, and will be maintained by the Weeb3 Foundation, with Azuki, an anime-themed NFT collection, launching its productions, games, and physical products on the platform.

HSBC Launches Retail Tokenized Gold Products in Hong Kong:

• HSBC has launched tokenized gold products for retail clients in Hong Kong, utilizing its private distributed ledger and digital assets platform, HSBC Orion, marking the first time HSBC has tokenized a retail investment product.

• The HSBC Gold Token can be accessed via online banking and the bank's mobile app, with the launch authorized by the Securities and Futures Commission and signaling HSBC's exploration of blockchain technology for financial use cases.

• HSBC's move follows a broader trend in the traditional finance industry towards tokenization, with other banks like Standard Chartered's SC Ventures launching similar platforms, as HSBC continues to explore digital asset custody services and the tokenization of physical gold ownership.

  

  Source: Blockworks

NEAR Launches Tool For Signing Transactions on BTC, ETH & More:

• The NEAR Foundation has introduced "Chain Signatures," allowing users to sign transactions across multiple blockchains, including Bitcoin, Ethereum, Cosmos, DogeCoin, and XRP Ledger, from a single NEAR account, with plans to expand support to Solana, TON Network, and Polkadot.

• Chain Signatures enable DeFi protocols to utilize assets from various chains without the need for cross-chain bridges, facilitating innovative use cases such as using XRP as collateral to borrow USDC or trading DOGE for SOL.

• The Chain Signatures mechanism links NEAR account addresses to other blockchains and is secured by a Multi-Party Computation (MPC) network in partnership with EigenLayer, which will transition to a permissionless version where node operators re-stake ETH and are penalized for malicious authorizations.

Bolt Appoints Interim CEO:

• Bolt, a San Francisco-based fintech, has appointed its global head of sales, Justin Grooms, as interim CEO following the departure of Maju Kuruvilla, who served as CEO for over two years after succeeding Bolt's founder Ryan Breslow.

• Kuruvilla, who was previously COO and has held leadership positions at Amazon and Milliman, has remained tight-lipped about his departure, which was reportedly amicable according to The Information.

• During Kuruvilla's tenure, Bolt saw significant growth, with the uptake of its e-commerce checkout solution by major brands and the expansion of its API-based shopper network from 10 million to over 80 million users, with the company expressing confidence in its current leadership team to guide its next phase and continue developing innovative solutions for the e-commerce industry.

Philippines Sets Up New Payment Systems Regulations:

• The Bangko Sentral ng Pilipinas (BSP) has introduced the Manual of Regulations for Payment Systems (MORPS), the first comprehensive codification of payment system regulations in the Philippines, aimed at streamlining regulatory guidelines and aligning with global standards.

• The MORPS serves as a detailed guide for participants of the National Payment System (NPS) and the public, covering services, processes, and responsibilities, with annual updates planned to keep the document current.

• The manual emphasizes the importance of compliance with regulations to enhance the safety, efficiency, and reliability of the national payment system, introducing new sections on regulatory frameworks, retail payment systems, governance, licensing, settlement processes, and an enforcement framework to manage compliance, supporting the BSP's commitment to a robust and inclusive financial ecosystem.

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