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World Economic Forum Launches Global Consortium for Digital Currencies Governance

World Economic Forum Launches Global Consortium for Digital Currencies Governance

The World Economic Forum has unveiled a global consortium that aims to design a framework for the governance of digital currencies, including stablecoins. The consortium will focus on increasing access to the financial system through innovative policy solutions, which are interoperable and inclusive. The inspiration behind the formation of the consortium is based on the premise that opportunities for financial inclusion can only be unlocked if the space is properly regulated and include private-public cooperation across emerging and developed markets.

BNY Mellon Joins Marco Polo Trade Finance Consortium

BNY Mellon Joins Marco Polo Trade Finance Consortium

The Bank of New York Mellon, which boasts nearly $2 trillion under management, is the 28th bank to join the Marco Polo trade finance consortium. And according to CoinDesk, the bank is quite eager to go “live:”

EY-Led Consortium Submits Bid To Help Develop South Korea's CBDC

EY-Led Consortium Submits Bid To Help Develop South Korea's CBDC

A consortium led by Ernst & Young has made the first and only bid to construct the business model for the Bank of Korea’s Central Bank Digital Currency project.

Ant Financial Launches OpenChain for China's Small Businesses to Leverage its Enterprise Blockchain Consortium

Ant Financial Launches OpenChain for China's Small Businesses to Leverage its Enterprise Blockchain Consortium

Ant Financial, the parent company of AliPay, has launched OpenChain, a new blockchain platform that gives developers and small and micro enterprises (SMEs) the power to leverage the Chinese blockchain giant’s proprietary blockchain consortium and efficiently and cost effectively deploy smart contracts and create decentralized apps (DApps).

Auto Giants Consortium MOBI Reveals First Blockchain-based EVGI Standard

Auto Giants Consortium MOBI Reveals First Blockchain-based EVGI Standard

MOBI, A blockchain initiative for the electric automobile industry, backed by auto giants Honda and General Motors debuted a blockchain standard for EV charging

Stellar (XLM) Development Foundation Joins New Blockchain Payments Consortium

Stellar (XLM) Development Foundation Joins New Blockchain Payments Consortium

The Stellar (XLM) Development Foundation becomes a founding member of the Blockchain Payments Consortium, aiming to standardize digital asset transactions globally.

Kraken Joins Consortium to Support, Build Liquid Staking Protocol

Kraken Joins Consortium to Support, Build Liquid Staking Protocol

Crypto exchange Kraken has joined a consortium meant to support and build an enterprise-grade liquid staking protocol dubbed Liquid Collective.

South Korean Brokerage Firms Form Consortium for Tokenized Securities

South Korean Brokerage Firms Form Consortium for Tokenized Securities

South Korean brokerage firms KB Securities, NH Investment & Securities, and Shinhan Investment Corporation form a consortium to jointly venture into the tokenized securities market. The collaboration aims to build a common infrastructure and explore strategic business models, targeting cost efficiency and market expansion.

European Union Parliament Considers Petition for Crypto Fraud Victims Fund

European Union Parliament Considers Petition for Crypto Fraud Victims Fund

European Union Parliament is considering a petition from a consortium of individuals and companies to establish a restitution fund for victims of crypto-fraud.

MUFG Seeks Seamless Automatic Securities Settlement via Blockchain

MUFG Seeks Seamless Automatic Securities Settlement via Blockchain

MUFG (Mitsubishi UFJ Financial Group), one of Japan’s biggest banking institutions, has announced the establishment of an ST (Security Token) Research Consortium intended at protecting investors’ rights, as well as offering fund settlement and seamless automatic securities settlement via blockchain.

Netherlands CBD Producers Harness Blockchain Technology for Enhanced Traceability

Netherlands CBD Producers Harness Blockchain Technology for Enhanced Traceability

A consortium of Netherlands CBD producers called the Cannabinoid Association of the Netherlands (CAN) is leveraging blockchain technology to enhance traceability, accountability, and transparency in the CBD market.

Coinbase and Circle Add Algorand Blockchain to Multi-Chain USDC Stablecoin Framework—Faster than Ethereum

Coinbase and Circle Add Algorand Blockchain to Multi-Chain USDC Stablecoin Framework—Faster than Ethereum

Coinbase and Circle Centre Consortium have expanded USDC from Ethereum to Algorand’s blockchain as part of its multi-chain USDC framework.

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