Fireblocks and Bakkt expand partnership for streamlined. News Thu, 05 Nov 2026 22:13:49 UTC 1 hour ago Bakkt is enhancing its partnership with Fireblocks to integrate its payments stack directly into the Fireblocks Network for Payments. This move aims to provide institutions with new settlement corridors without disrupting their existing custody setups. As noted in a recent tweet from Bakkt, the focus is on making payments infrastructure simpler and more accessible. This development is likely to attract more institutional interest and could reshape the competitive landscape in crypto payment solutions. The latest. The broader crypto market currently exhibits mixed signals, with various assets showing different momentum. In this context, Bakkt's integration with Fireblocks stands out as a significant development. By allowing institutions to utilize Bakkt's payment solutions seamlessly within the Fireblocks ecosystem, this partnership could enhance operational efficiency for crypto transactions. As the demand for streamlined payment processes increases, this strategic expansion positions both companies to capitalize on evolving market needs. ... Continue reading the full article at the original source below. This content is automatically aggregated. Full credit goes to the original publisher (coinfomania.com).

Standard Chartered launches Tokenised Deposits in Hong Kong as HKMA opens EnsembleTX to 24/7 settlement. The bank says Hong Kong is the first market in its group to get the product for corporate clients, which settles between banks in central bank money around the clock. Blockhead reported a Singapore launch with Ant International in December November 3, 2026. 5:01 PM Standard Chartered said on November 2 that it has launched its Tokenised Deposits solution for corporate clients in Hong Kong, the first market in the group to offer it. The bank plans to expand the product to more markets over time. It is aimed at corporate treasurers, banks, investment platforms and digital asset businesses that want to run treasury and liquidity operations around the clock. The solution runs on Standard Chartered's own blockchain infrastructure and connects to the Hong Kong Monetary Authority's EnsembleTX platform. It was developed with support from the HKMA's Supervisory Incubator for Distributed Ledger Technology. The bank says tokenised deposits can be transferred in real time across participating banks, with interbank settlement in central bank money, including wholesale central bank digital currency, on a 24/7 basis. It adds that settling in central bank money reduces counterparty risk as value moves between institutions. China AMC, Finloop and PantherTrade are already executing live tokenised deposit transactions and settling tokenised money market funds through EnsembleTX, according to the bank. Standard Chartered is also working with Fireblocks to embed banking capabilities in the platform and give it native access to digital asset clients, and HashKey has joined the ecosystem. The announcement gives no transaction volumes, fees, client numbers or timetable for other markets, and it does not name the blockchain. Mary Huen, who leads the bank's Hong Kong, Greater China and North Asia business, called the launch "the first in our global network." Ole Matthiessen, the bank's global head of transaction services and digital assets, said the aim is to move tokenisation "from experimentation towards broader scalable adoption." The launch came on the opening day of Hong Kong FinTech Week, where the HKMA said it had advanced EnsembleTX to a stage that supports 24/7 real-value transactions. The pilot now has 12 banks, including HSBC, Standard Chartered Hong Kong, Bank of China (Hong Kong), China Construction Bank (Asia) and ICBC (Asia), with Ant International, BlackRock and China Asset Management (Hong Kong) among its pioneers, according to Unchained. HKMA chief Eddie Yue said the work is moving from piloting toward commercialising tokenisation applications. Financial Secretary Paul Chan said banks will also be able to use tokenised deposits for cross-border payments, and that the HKMA is testing tokenised Exchange Fund Bills. Blockhead reported on EnsembleTX's start, when the HKMA launched the real-value pilot with seven banks in November 2025. At that stage, interbank settlement ran on Hong Kong's existing real-time gross settlement system for Hong Kong dollars, and the HKMA said it would gradually allow tokenised deposits to settle 24/7. This week's update delivers that step. The timing links to a regulatory change a week earlier. On October 26, the SFC approved round-the-clock secondary trading of two ChinaAMC tokenised money market funds on PantherTrade, the licensed platform owned by Futu. The SFC said tokenised public funds could eventually use tokenised deposit capabilities developed with the HKMA, so investors could sell tokenised holdings and move the proceeds immediately. Ledger Insights reported that the funds hold about $660 million and that trading runs in a closed loop, with ownership staying on the fund's off-chain register. It also reported that ChinaAMC began using HSBC's tokenised deposit capabilities for the fund's underlying deposits in September, which puts HSBC and Standard Chartered on the same infrastructure in a different role. Blockhead covered the SFC's framework when FORMS HK, Chainlink and partners launched a shared standard for tokenised securities, noting the SFC's April circular on 24-hour trading and settlement using tokenised deposits and stablecoins. In March, SFC chief Julia Leung argued that banks and asset managers must adopt tokenisation to meet 24/7 demand. Standard Chartered has described a tokenised deposit product before. Blockhead reported in December that the bank launched a tokenised deposit solution with Ant International as its first client, supporting SGD and USD in Singapore, with HKD, CNH and USD capabilities in Hong Kong. The November 2 announcement says Hong Kong is the first market in the group to offer the solution to corporate clients, and it does not say how the two launches relate. The bank may be distinguishing a single-client deployment from a general corporate offering on EnsembleTX, but the release does not explain it. The bank's other Hong Kong bets sit alongside the deposits. Anchorpoint, the joint venture with HKT and Animoca Brands, began phase-one beta access for its HKD stablecoin in August, after Blockhead argued in April that Hong Kong's licensed stablecoins would be whitelisted and tightly controlled. A tokenised deposit is the literal version of that thesis: a commercial bank deposit on a ledger, settled by the central bank. The tokenised fund that Standard Chartered helped launch in 2025 also connects to this week's news. Blockhead reported at the time that Standard Chartered was supporting ChinaAMC's tokenised retail money market fund, built on the Libeara platform that SC Ventures incubated. The details that will show whether this is a commercial product are volumes, fees, the number of corporate clients and which banks accept each other's tokens on EnsembleTX. HKMA plans to run trials of regulated stablecoins next on the same platform, and Standard Chartered has not said which market follows Hong Kong.

Uber tests weekend tokenized fund redemptions with HSBC on Canton. By: www.newsbtc.com | 11/01/2026 06:00:00 Predict stock movements and share a $1M prize pool Join now TL;DR: Uber used tokenized HSBC deposits to transact in Franklin Templeton money market fund assets on Canton and tested weekend redemption. It was a corporate treasury pilot, not a broad commercial launch. Uber has joined HSBC, Franklin Templeton, Tradeweb and Fireblocks in a trial aimed at one of corporate finance's longstanding headaches: keeping cash invested without losing access to it outside banking hours. The parties say the Canton-based workflow handled both investment and redemption using tokenized financial instruments. How the pilot worked. HSBC, Franklin Templeton, Tradeweb, Fireblocks and pilot client Uber announced on October 30 that they had demonstrated a round-the-clock liquidity workflow on the Canton Network. During the pilot, Uber used HSBC tokenized deposits to purchase Franklin Templeton tokenized money market fund holdings on Tradeweb, settling through a delivery-versus-payment process supported by Fireblocks. The participating companies said the workflow also allowed part of the fund investment to be redeemed during a weekend, improving access to working capital while seeking to keep idle cash earning yield. The intended use case is not retail cryptocurrency trading but a corporate treasury team balancing operational cash requirements against the opportunity cost of uninvested balances. The cash-management problem. Companies operating globally may need liquidity on weekends or outside the dealing hours of conventional money market funds. The proof of concept addresses a specific financing trade-off: keeping too much money idle sacrifices yield, but locking too much into instruments with delayed redemption can require overdrafts or emergency borrowing. Connecting an investment product with a payment instrument on shared rails could reduce that friction if it proves dependable at scale. This is a meaningful institutional test because the participants demonstrated a linked investment-and-payment workflow rather than merely announcing a technical standard. Its commercial value would come from reducing cash drag and unnecessary funding lines, not from speculative demand for a public cryptocurrency. Any investor trying to translate the pilot into a market thesis still needs to identify who would pay for the service, which counterparties earn fees and how custody and settlement risks are divided. Technical and legal limits. In the described process, a token representing an HSBC commercial bank deposit is exchanged against a tokenized fund interest in a coordinated transaction. Delivery-versus-payment is designed so the cash and asset legs settle together, limiting the risk that one side transfers without receiving the other. Canton's privacy controls and Fireblocks signing permissions restrict who can see and execute the transactions, while fiat payout destinations remain KYC-verified corporate bank accounts. The announcement describes a successful demonstration with a named participant, not general commercial availability or a claim that every fund redemption can happen instantly. Bank liability, fund ownership, privacy, eligibility and operational authority remain crucial. No independently verified dollar value for the pilot transaction was supplied in the company's description, and it would be misleading to infer one. Gmix price. -0.05% Past 30 days Gmix is currently trading at 0.00996 USD. Over the past 30 days, Gmix has fallen 0.05%. Learn more about Gmix. What would make it scalable. The practical next steps are repeatable transactions, wider corporate participation, published risk controls and proof that weekend dealing survives real market stress. Businesses will also want clarity about fees, eligible instruments, legal settlement finality and responsibility when the bank, fund administrator or network cannot complete a transfer. Representing an asset on a blockchain is the relatively straightforward part of tokenization. Making that representation useful requires legal rights, reliable valuation, restrictions on eligible holders, custody and a clear process for settlement and corporate actions. Primary source: Tradeweb and HSBC primary disclosure. Statements and figures are attributed to the organisation providing them; source dates are noted in the article metadata. This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations. You may also like. Contents. 11/01/2026