SECDEX Group

The Seychelles-based Securities, Commodities and Derivatives Exchange (“SECDEX”) ecosystem.

[SECDEX Group @SecdexG]

Africa is predicted to become the world’s fastest-growing continent when it comes to fintech revenue, with a CAGR of 32%. According to a report by @BCG, this means that by 2030, the African #fintech market will be worth around $65 billion.
https://t.co/7rdsDUjwhT

[SECDEX Group @SecdexG]

The Monetary Authority of Singapore (MAS) has unveiled a multilateral collaboration with financial regulators in several jurisdictions as it advances its regime of #digitalasset pilots.
https://t.co/nuSwdlPKvk

[SECDEX Group @SecdexG]

The global payments arena is undergoing significant transformation, with Africa emerging as a focal point of exceptional growth. Forecasts suggest that by 2030, African fintechs could amass an astounding revenue pool of $520 billion.

https://t.co/PxEoY5c29k

[SECDEX Group @SecdexG]

@StanChart SC Ventures and @DeutscheBank recently completed the first proof of concept (PoC) for the Universal Digital Payments Network (#UDPN). It aims to connect payments across various CBDC and blockchain networks using messages (similar to Swift). https://t.co/lSnFhofUqM

[SECDEX Group @SecdexG]

We are excited to share that we have been selected as finalists for the #Africa #Custodian Of The Year category at this year's forthcoming Asset Servicing Times Industry Excellence Awards, along with @SBGroup.

[SECDEX Group @SecdexG]

Blockchain can create a much more efficient operating model for asset managers and will be a game changer for private markets according to Duncan Moir, senior investment manager at UK fund manager @abrdnInv_UK. https://t.co/toFzWV6Pbg

[SECDEX Group @SecdexG]

JPMorgan Chase has transformed money market fund shares into tokens to execute an OTC derivatives trade between BlackRock & Barclays Bank using blockchain technology. 
https://t.co/GCxoptije6

[SECDEX Group @SecdexG]

Australia's central bank on Monday said tokenised money could help save billions of dollars in costs in domestic financial markets, by using different forms of digital money and infrastructure that could support the development of tokenised asset markets. https://t.co/tag9dj5eL8

[SECDEX Group @SecdexG]

The Comissão de Valores Mobiliários of #Brazil is planning to start a second #regulatorysandbox program in 2024, tokenizing roughly $36 million in assets. 
https://t.co/4ehlB4fge0

[SECDEX Group @SecdexG]

Swiss bank @UBS has launched a live pilot of a tokenized version of its variable capital company (#VCC) fund as part of #ProjectGuardian, an initiative led by Singapore’s central bank to bring different types of real-world assets (#RWA) to the blockchain. https://t.co/ahLW3avJxL

[SECDEX Group @SecdexG]

The Dubai International Financial Center (@DIFC) plans to enact a digital assets law, a new law of security, and related amendments to some of the existing regulations to cater to the requirements of the financial center's proposed #digitalassets.
https://t.co/8ATHeCr91W

[SECDEX Group @SecdexG]

Indian states are spearheading blockchain-related initiatives from data management to the issuance of verifiable certificates. Local and state governments across the country have initiated numerous projects incorporating #blockchain.

https://t.co/zwl9WG3c54

[SECDEX Group @SecdexG]

Institutional investors are projected to allocate 5.6% of their portfolios to #tokenizedassets by 2026, according to surveys by @EY_Parthenon.

https://t.co/ro9CHkK5W3

[SECDEX Group @SecdexG]

The @swiftcommunity has launched a new beta test for central bank digital currency (#CBDC) interoperability with three participating central banks: the @nationalbank_kz, the @hkmagovhk and the third bank remains unknown.

https://t.co/VtJZjcSvIe

[SECDEX Group @SecdexG]

@BIS_org has announced the completion of the Proof-of-Concept for a new retail #CBDC model with inclusivity and privacy at the core. Called #ProjectSela, the BIS teamed up with the @BankofIsrael and @hkmagovhk for the experiment.
https://t.co/TJ4e1wmg10

[SECDEX Group @SecdexG]

@BHDigitalAssets reports that there were $11 trillion onchain #stablecoin transactions, compared to Visa’s $11.6 trillion in 2022. The research was based on analyzing #blockchain transactions, and found 5 million stablecoin addresses are active each week.
https://t.co/bMujYx1ckr

[SECDEX Group @SecdexG]

The Central African Republic is embarking on a new initiative to tokenize its land and natural resources, seeing this as a tactic to promote the country as an alluring commercial location within Africa. #sango
https://t.co/fBzzUj105a

[SECDEX Group @SecdexG]

According to global asset management firm Bernstein, the #tokenisation markets could be on track to reach a staggering US$5tn over the next five years, making one thing abundantly clear: the future of finance is heading more towards #digitalisation. https://t.co/PRZ0sx75dD

[SECDEX Group @SecdexG]

African nations have yet to address the regulatory aspects of #AI. While some existing legal frameworks offer potential avenues for incorporating AI elements, AI's rapid advancement has outpaced the scope, particularly concerning data collection.
https://t.co/icTbfbUWO4

[SECDEX Group @SecdexG]

#Blockchain Layer 1 refers to the foundational protocol layer that is responsible for establishing consensus mechanisms, programming languages, block time, dispute resolution & the rules and parameters governing a blockchain network's fundamental operation.https://t.co/07zYlVjqd5