Bank of Thailand’s CBDC Project Prototype Is Being Finalized by R3 and Wipro

Blockchain consortium R3 and global IT leader Wipro Limited have developed a blockchain solution prototype to enable digital currency for interbank settlements in Thailand, according to apress release from May 7. The release states that the solution will be used by the country’s central bank, the Bank of Thailand (BoT), and eight local commercial banks to enable decentralized interbank real-time gross settlement using a wholesale…

Thai SEC Deputy Secretary: New Regulation Allows for Digital Shares, Tokenized Securities

The Thai Securities and Exchange Commission (SEC) deputy secretary-general Tipsuda Thavaramara has said that the recently introduced regulation allows for the issuance of digital shares and a tokenized securities depository platform. English-language local media Bangkok Post reported the declarations on May 2. In her comments, Thavaramara referred to the amendment to the Securities and Exchange Act of 2019, which…

How building owners are seeking new sources of capital via blockchain

Known as “tokenization,” companies are trying to pioneer a system for trading ownership shares in real estate using blockchain technology and REITs as the vehicle Real estate’s much-anticipated affair with blockchain technology seems to be becoming a reality. Just as investors in real estate investment trusts can buy shares that represent an ownership stake in…

The Security Token Academy is Tokenizing Commercial Real Estate Properties under CREST

The Security Token Academy is Tokenizing Commercial Real Estate Properties under CREST

The commercial real estate world is pivoting towards the tokenization of assets. The real estate world is turning to smart contracts and the blockchain for improved management systems. You’re probably thinking, “why is the toothpaste company involved in security tokens?”. They aren’t, CREST stands for Commercial Real Estate Security Tokens. It’s a new venture started…