Fintech Daily Digest

Ambisafe is launching a project which will purchase SpaceX shares and then tokenize them to be traded on a secondary market. (SpaceX shares are restricted securities and cannot be traded on public exchanges.)

The Chilean government introduced a new crypto-asset and fintech regulation bill to Congress.

Nex Group and Baton Systems have built a real-time settlement system for foreign exchange trades, using distributed ledger technology (DLT) to cut the traditional two-day post-trade cycle down to as little as three minutes.

Forbes features 50 big US companies leading the way in adapting blockchains to their operating needs through industry consortiums and other proprietary projects.

Over 220 banks are signed up to JP Morgan's blockchain-based Interbank Information Network that will go live in Q3. The IIN speeds up inter-bank payment compliance resolution processes that can delay payments by weeks.

The TRON - Tether partnership will add another stable coin to the cryptocurrency sector. This latest example in the proliferation of stable coins will add use cases for digital currency and help increase mainstream adoption.

All the stablecoin attempts that exist today (i) have enormous risks of breaking, (ii) are centralized or (iii) are extremely complex in relation to their monetary policy. That is, they are the exact opposite of the reason for Bitcoin to exist.

A growth in the liquidity of crypto-assets will boost interest in and feasibility of using the underlying technology for tracking purposes. An effective use of blockchain technology would make it much harder to launder money using crypto than digital fiat currency.

The Central Bank of Russia is analyzing the impact of issuing a central bank digital currency in a paper published on April 18. The intention is to better understand possible use cases for CBDCs.

Tether has started issuing its stablecoin USDT on the Tron (TRX) blockchain, an upgrade from the OMNI protocol-based USDT.

The Universal Euro (UPEUR) stablecoin is the latest digital asset product issued by the Universal Protocol alliance joining UPUSD and UPBTC launched earlier this year.

The new Chinese P2P monitoring system consists of two databases: an information disclosure and real-time transaction monitoring database.

"In an effort to restrict supply and raise the value of DAI, MKR token holders have steadily been increasing what is known as the Stability Fee in larger and larger increments. However, this week, MKR token holders have signaled their support for a smaller, more measured increase to the Stability Fee of 3 percent."

The Reserve Bank of India published its draft framework for its regulatory sandbox that may include blockchain startups and tools, but explicitly excludes crypto-related projects.

Japanese online retailer Rakuten has begun accepting registrations for its new bitcoin and cryptocurrency exchange, Rakuten Wallet.

If Bakkt can get a New York license the CFTC may allow it to issue its futures by self-certification and sidestep the regulator's requirements that client funds are deposited at a bank or trust company, although it would still need CFTC approval for its wider operations.

"Here is a summary of how G20 countries are currently regulating crypto assets."

Bakkt's launch date has been delayed for months because of CFTC skepticism about how clients' tokens will be stored and safeguarded from possible theft and manipulation.

Cool Infographic!

Big Four professional services firm EY is rolling out free software designed to help corporate clients use the ethereum blockchain - and it's taken an unusual step to encourage adoption.