SBI Targets $6T On-Chain Finance Market With Canton Network Expansion and New Digital Unit

Key Takeaways: SBI Holdings has changed the name of its company SBI Security Solutions to SBI Digital Practice to favour on-chain finance activitie | Bitget crypto news!

• SBI Holdings has rebranded its subsidiary to SBI Digital Practice to focus on on-chain finance and expand its services on the Canton Network.
• The Canton Network, supporting over 600 institutions and $6 trillion in tokenized assets, is designed for regulated financial entities, offering privacy and interoperability.
• SBI's initiative aims to provide comprehensive blockchain solutions, including infrastructure development and cross-border payment systems, signaling growing institutional confidence in tokenized markets.

Topics: Infrastructure providers, Integration with defi, Jurisdictions, Tokenization platforms, On chain treasury management, Regulatory sandboxes pilots

Tags: #sbiholdings #cantonnetwork #onchainfinance #digitalpractice #tokenizedassets #institutionaladoption #blockchaininfrastructure #crossborderpayments #regulatedfinancialinstitutions #dtcc

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Hydra X Launches Canton Network API to Accelerate Institutional Tokenization - TokenPost

Hydra X has launched a new integration tool aimed at speeding up how regulated financial institutions build and deploy services on the Canton Network—an increasingly important battleground as tokenized capital markets move...

• Hydra X has launched the HX Gateway API to simplify and accelerate the integration of regulated financial institutions with the Canton Network.
• The API aims to reduce 'time-to-market' by up to 80% by abstracting complex workflows and offering familiar endpoints for asset issuance, management, and transfer.
• This launch signifies a shift towards prioritizing integration speed and operational reliability in the tokenization sector as markets move from pilots to production.

Topics: Infrastructure providers, Scalability, Blockchain usage, Tokenization platforms, Growth metrics, Private enterprise ledgers

Tags: #hydrax #cantonnetwork #institutionaltokenization #hxgatewayapi #daml #regulatedfinancialinstitutions #timetomarket #digitalasset #sharedledger

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US Agencies Push User ID Requirements for Stablecoin Issuers Akin to Regulated Banks

• US agencies are proposing new rules that would require stablecoin issuers to verify user identities, similar to regulated banks, under the Bank Secrecy Act.
• This proposal is part of the implementation of the GENIUS Act and aims to address Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) requirements.
• The rule is currently open for public comment, highlighting ongoing regulatory efforts to integrate stablecoins into the traditional financial framework and address concerns about illicit finance.

Topics: Legal regulatory, Compliance, Jurisdictions, 3 1 securities law classification, 33 2 kyc aml frameworks, 2 1 established hubs

Tags: #stablecoinissuers #useridentification #banksecrecyact #geniusact #amlcft #usagencies #regulatedfinancialinstitutions #customerduediligence #fincen #treasury

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