Hong Kong expands digital asset ecosystem with tokenization push and $2B in government bonds

The post How the House Financial Services Committee is taking on tokenization: State of Crypto appeared on BitcoinEthereumNews.com. Last month, Rep. French Hill, who chairs the House Financial Services Committee, told CoinDesk that he expected the Clarity Act to secure bipartisan consensus, that tokenization was the next major agenda item and that crypto would continue to receive bipartisan support. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative After stablecoins and market structure, tokenization is the next major focus for the House Financial Services Committee, Chairman French Hill told CoinDesk last month. Why it matters The House Financial Services Committee is one of the few groups in Congress with direct oversight over federal regulators working on digital asset policy. It played a key role in advancing both the stablecoin-focused GENIUS Act and the marke

The post Stellar ($XLM) Surges 33% As DTCC Eyes Tokenization Integration appeared on BitcoinEthereumNews.com. $XLM, the native token of Stellar, has witnessed a notable spike on Friday, expressing a resurgence in institutional momentum. Particularly, $XLM’s price has jumped by a staggering 33.7% amid the tokenization plans of the U.S. Depository Trust & Clearing Corporation (DTCC). As per the data from CoinGecko, the latest rally of $XLM is crucial, showing the rapid sentiment shift amid the wider blockchain integration. In this respect, the DTCC intends to link the tokenized securities thereof to the Stellar network by the year 2027. $XLM Sees Wider Momentum as DTCC Integration Triggers Trading Frenzy While heading into June, Stellar’s $XLM token is making noteworthy progress, with this Friday expressing a 33.7% rise. This occurs after the US DTCC’s announcement of the plans to integrate its tokenized securities entity into the Stellar ecosystem. This development will reportedly be fi

Crypto.com and Fanatics Collectibles will embed the official UEFA Champions League Final match coin into a one of one Topps trading card, merging tokenization with physical memorabilia. Crypto.com and Fanatics Collectibles are using the 2026 UEFA Champions League Final in…

The post Hong Kong bets on RMB trading amid Crypto ETFs demand surge appeared on BitcoinEthereumNews.com. An amendment to Hong Kong’s Stamp Duty bill could mean that dual-counter securities traded in yuan are subject to stamp duty directly in renminbi.  This is also another effort aimed at boosting RMB offshore liquidity and strengthening the city’s position as the region’s hub for digital asset and ETF trading. The proposed Stamp Duty (Amendment) (No. 2) Bill 2026 is distinct from the Residential Property Stamp Duty amendment legislation that was passed by the Legislative Council on May 20. This earlier legislation, enacted in the government’s 2026-27 Budget announcement, raised stamp duty for high-end residential sales above HK$100 million to 6.5% from 4.25%. This new securities-focused bill is slated to have its first reading at the Legislative Council on June 10. Hong Kong pushes RMB trading growth Hong Kong’s dual-counter trading system allows some selected securities listed on HK

The leader of the regulator's Crypto Task Force said privacy-enhancing technologies can strengthen investor protection and urged regulators not to treat them with suspicion.

Insider Brief Hong Kong-listed Mint Incorporation is forming a joint venture with Rice Robotics to develop AI companion robots for the consumer market. The first batch of consumer-ready robots is expected to launch initially in Asian markets in the third quarter of 2026, according to Mint. In the deal, Mint’s subsidiary Aspiration X will invest […]

DTCC’s tokenization plans on Stellar put XLM back in focus as Wall Street tests public blockchain rails for regulated assets.

Hong Kong's gold-clearing system could reshape global bullion trading, enhancing regional financial integration and boosting digital asset credibility. The post Hong Kong launches gold-clearing system to become Asia’s top bullion hub appeared first on Crypto Briefing.