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Ripple's Custody Flex, EU's Crypto Regs, and J.P. Morgan's Collateral Caper: Willy's Wild Week in Crypto!
- 2024/12/19
- 再生時間： 4 分
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Ripple's Custody Flex, EU's Crypto Regs, and J.P. Morgan's Collateral Caper: Willy's Wild Week in Crypto!
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サマリー
あらすじ・解説
Digital Assets Decoded: Your Daily Crypto Guide podcast.
Hey there, crypto enthusiasts It's your buddy Crypto Willy here, and I'm excited to share the latest developments in digital asset infrastructure from the past two weeks. Let's dive right in!
First off, let's talk about custody solutions. Ripple recently launched new features and functionality to Ripple Custody, bringing bank-grade custody technology to fintechs and crypto businesses. This update includes a transaction screening service integration, added hardware security module options, and an XRPL integration for tokenizing Real World Assets (RWA). This is huge, folks, as it provides a secure and scalable way for businesses to manage their digital assets[2].
Now, let's move on to trading platforms. In the EU, the European Commission adopted a Delegated Regulation on RTS in relation to the content and format of order book records under MiCA. This requires cryptoasset trading platforms to keep records of all orders in cryptoassets and make these records available to competent authorities in a JSON format based on ISO 20022 methodology. This is a big step towards transparency and regulation in the crypto space[1].
In APAC, Hong Kong is making waves with its Stablecoins Bill and the Digital Bond Grant Scheme. The bill aims to introduce licensing requirements for certain activities related to Financial Return Systems (FRS) and provide the HKMA with the necessary powers for implementation. Meanwhile, the Digital Bond Grant Scheme promotes the development of the digital securities market and encourages tokenization in the capital markets[1].
Speaking of tokenization, State Street recently announced an agreement with Taurus to deliver a full-service digital platform for institutional investors. This partnership will enhance State Street Digital Asset Solutions and support the digital investment lifecycle. Tokenization is a game-changer, folks, and it's exciting to see big players like State Street getting on board[5].
Now, let's talk about payment systems. J.P. Morgan Securities Services has been developing solutions across their trading services, custody, and fund administration offerings to support clients' requirements in the digital assets space. Their Tokenized Collateral Network (TCN) enables clients to tokenize and transfer ownership rights to traditional assets to meet collateral margin obligations. This is a huge step towards increasing efficiency and reducing risk in the financial sector[4].
For all you beginners out there, let's take a step back and explain some of the basics. Cryptocurrency operates on a technology called blockchain, a decentralized and distributed ledger that records all transactions across a network of computers. This technology ensures transparency, security, and data integrity without the need for a central governing institution. When a user initiates a cryptocurrency transaction, it's verified by network participants, known as miners or validators, who use their computing power to solve complex cryptographic puzzles and validate the transaction[3].
That's all for today, folks. I hope you found this update informative and engaging. Stay tuned for more crypto news and explanations, and remember, I'm always here to help you decode the world of digital assets. Until next time, stay crypto-tastic, and keep on learning!
Your buddy,
Crypto Willy
Get the best deals https://amzn.to/3ODvOta
Hey there, crypto enthusiasts It's your buddy Crypto Willy here, and I'm excited to share the latest developments in digital asset infrastructure from the past two weeks. Let's dive right in!
First off, let's talk about custody solutions. Ripple recently launched new features and functionality to Ripple Custody, bringing bank-grade custody technology to fintechs and crypto businesses. This update includes a transaction screening service integration, added hardware security module options, and an XRPL integration for tokenizing Real World Assets (RWA). This is huge, folks, as it provides a secure and scalable way for businesses to manage their digital assets[2].
Now, let's move on to trading platforms. In the EU, the European Commission adopted a Delegated Regulation on RTS in relation to the content and format of order book records under MiCA. This requires cryptoasset trading platforms to keep records of all orders in cryptoassets and make these records available to competent authorities in a JSON format based on ISO 20022 methodology. This is a big step towards transparency and regulation in the crypto space[1].
In APAC, Hong Kong is making waves with its Stablecoins Bill and the Digital Bond Grant Scheme. The bill aims to introduce licensing requirements for certain activities related to Financial Return Systems (FRS) and provide the HKMA with the necessary powers for implementation. Meanwhile, the Digital Bond Grant Scheme promotes the development of the digital securities market and encourages tokenization in the capital markets[1].
Speaking of tokenization, State Street recently announced an agreement with Taurus to deliver a full-service digital platform for institutional investors. This partnership will enhance State Street Digital Asset Solutions and support the digital investment lifecycle. Tokenization is a game-changer, folks, and it's exciting to see big players like State Street getting on board[5].
Now, let's talk about payment systems. J.P. Morgan Securities Services has been developing solutions across their trading services, custody, and fund administration offerings to support clients' requirements in the digital assets space. Their Tokenized Collateral Network (TCN) enables clients to tokenize and transfer ownership rights to traditional assets to meet collateral margin obligations. This is a huge step towards increasing efficiency and reducing risk in the financial sector[4].
For all you beginners out there, let's take a step back and explain some of the basics. Cryptocurrency operates on a technology called blockchain, a decentralized and distributed ledger that records all transactions across a network of computers. This technology ensures transparency, security, and data integrity without the need for a central governing institution. When a user initiates a cryptocurrency transaction, it's verified by network participants, known as miners or validators, who use their computing power to solve complex cryptographic puzzles and validate the transaction[3].
That's all for today, folks. I hope you found this update informative and engaging. Stay tuned for more crypto news and explanations, and remember, I'm always here to help you decode the world of digital assets. Until next time, stay crypto-tastic, and keep on learning!
Your buddy,
Crypto Willy
Get the best deals https://amzn.to/3ODvOta