11-10
Bank of England Proposes Regulatory Framework for Systemic Sterling Stablecoins
The Bank of England has published a consultation paper proposing oversight rules for systemic sterling-denominated stablecoins used in payments and settlements. The framework requires issuers to hold at least 40% of reserves at the central bank and up to 60% in short-term UK government debt. Temporary holding limits are set at £20,000 for individuals and £10 million for businesses during the implementation phase.
11-10
11-4
UBS Executes First Live Tokenized Fund Transaction Using Chainlink DTA Standard
UBS has completed the world's first live tokenized fund transaction in collaboration with UBS Tokenize and DigiFT. The transaction processed subscription and redemption requests for the UBS USD Money Market Investment Fund Token (uMINT) on Ethereum. The operation utilized Chainlink's Digital Transfer Agent (DTA) technical standard to automate fund workflows and enhance efficiency across the fund lifecycle.
11-4