The question is how these markets can scale, rather than if the technology can be put to practical use.
SEC's rule for central clearing of eligible Treasury cash transactions goes live on 31 December.
The use of stablecoins is attracting growing attention as a means of advancing payments through blockchain.
The remaining regulatory processes to complete the offer are expected around year end.
Hong Kong Exchanges and Clearing is targetting implementation in the second half of 2028.
Clients can manage exposures to traditional assets outside typical exchange operating hours.
They bring diversifying risk premia to traditional institutional and crypto native investors.
Year-to-date net inflows of $432.4bn are the highest on record.
The letter calls for lower trading costs, improved access to liquidity & stronger market infrastructure.
