Global asset manager Franklin Templeton has launched Hong Kong’s first Luxembourg-registered tokenized money-market fund. Key Takeaways: Franklin Templeton launched Hong Kong’s first tokenized money-market fund investing in short-term U.S. government securities. The fund, initially open to institutional investors, uses blockchain to boost transparency and transaction efficiency. A retail version is planned pending SFC approval, expanding access to tokenized investment products in Hong Kong. The Fr ...

The European Central Bank has been told to “accelerate” the process of developing the digital euro—a central bank digital currency, or CBDC—by the European Council. If the European Parliament passes the necessary regulations in 2026, then the digital euro will be piloted in 2027 and, if successful, formally rolled out across Europe in 2029. Christine Lagarde, president of the European Central Bank, announced via social media on Friday that the Governing Council is moving into the “next and final phase” of d ...

They wrote: “We have a choice. We can let the Bank of England cap innovation, stifle entrepreneurs and push capital offshore – or we can seize the opportunity, set the rules in Parliament and lead the world.”Mr Farage and Mr Yusuf said they would pave the way for widespread cryptocurrency use if elected.While Mr Bailey has not directly rejected stablecoins, he told MPs this year he would need “a lot of convincing that the use case was made”.Rachel Reeves, the Chancellor, also risks a clash with Mr Bailey ov ...