ChainCatcher news, according to Coindesk, the UK Treasury stated in a statement on Thursday that the UK government will launch a pilot program to issue digital government bond instruments similar to bonds using distributed ledger technology.The Treasury stated: "The government will launch a pilot program to provide digital government bond instruments using distributed ledger technology (DLT) to demonstrate the government's commitment to innovation in the financial services sector." DLT is the underlying technology for crypto assets, where each node can store and update data. UK Treasury Economic Secretary Tulip Siddiq stated that the Labour Party will soon announce its plans in the cryptocurrency sector.Bloomberg cited unnamed sources as saying that the Labour Party is likely to continue following in the footsteps of the previous ruling Conservative Party by developing legislation for stablecoins and staking.

ChainCatcher news, Société Générale's subsidiary SG Forge will deploy its euro stablecoin EURCV on the XRP Ledger network. By deploying on XRPL, SG-FORGE aims to benefit from the network's cross-border payment and tokenization capabilities, promoting its fast settlement and low-cost transactions. EURCV will be issued using Ripple's custody service.RippleX Senior Vice President Markus Infanger stated, "Introducing trusted bank-grade stablecoins like EURCV to XRPL is crucial for enabling institutional use cases such as payments, which is a core focus for Ripple."EURCV was launched in 2023 on Ethereum and is a highly regulated product.

ChainCatcher news, Brazilian blockchain startup Multiledgers announced the completion of a new funding round of $1 million, led by Oxygea Ventures and Indicator Capital (investing $475,000 each), with Koyamaki Ventures participating (investing about $50,000). The company plans to use the new funds to help businesses create, manage, and integrate networks to manage and certify information and assets, with the primary use case being on-chain management of environmental certificates to ensure compliance.

ChainCatcher news, SwapKit.dev announced that Ledger has integrated the first decentralized cross-chain exchange protocol THORChain into the Ledger Live app. Ledger Live users can now seamlessly swap native assets like Bitcoin and Ethereum with complete security on their Ledger devices, with their private keys protected by top-notch encryption technology.This integration is made possible by SwapKit's innovative cross-chain software development kit and infrastructure solutions. With the THORChain integration, Ledger users can perform cross-chain swaps for BTC, ETH, USDT, USDC, DAI, and WBTC, with support for more ERC-20 tokens coming soon. All assets are handled directly within the Ledger Live desktop application, without the need to leave the app, undergo KYC, or create new accounts.Keaton Freeman, Business Development Director at SwapKit, stated: "By combining THORChain with Ledger's robust security through SwapKit's powerful cross-chain toolkit, we are simplifying the user experience and embracing a truly decentralized multi-chain future."

ChainCatcher news, according to official sources, Australian energy technology company Powerledger has announced the completion of its integration with the Solana mainnet.It is reported that this integration allows its POWR token to be available on both Ethereum and Solana, with no change in the total token supply. POWR will continue to serve as a payment token for services on the Ethereum and Solana platforms, incentivizing green actions such as offsetting carbon emissions and reducing energy consumption.

ChainCatcher news, according to The Block, the decentralized perpetual exchange Hyperliquid has released a report on the Arbitrum bridging failure, explaining the reasons for its cross-chain bridge's outage on Monday. According to an anonymous developer, iliensinc, there was an "extremely rare edge case" where multiple RPCs (Remote Procedure Calls) received erroneous data.It is reported that the bridge between Hyperledger and Arbitrum, the second largest Layer 2 network on Ethereum, was down for about four hours after the bridge validators voted for an emergency lock. After reopening, a second lock occurred again for several minutes about an hour later.

ChainCatcher news, Dutch bank ABN AMRO and Rabobank participated in the issuance of digital commercial paper, which was tokenized on the Deutsche Börse Clearstream D7 DLT.It is reported that this transaction is part of the European Central Bank's distributed ledger experiment for wholesale settlement using central bank money. Dutch bank ABN AMRO has expressed a preference for using public blockchains to issue digital bonds, utilizing Ethereum, Stellar, and Polygon.

ChainCatcher news, according to Cointelegraph, European Central Bank Executive Board member Piero Cipollone proposed the concept of a European ledger, a unified European digital asset ledger to centralize digital assets and funds in Europe, thereby improving efficiency and synergy. He stated that Europe’s traditional capital markets are fragmented and need to overcome inconsistent legislation, but there is an opportunity to create a unified platform for digital assets. He referred to this platform as the Digital Capital Markets Union.Cipollone noted that over 60% of banks in the EU are exploring or experimenting with Distributed Ledger Technology (DLT), and another 22% are already using it. He stated at a seminar hosted by the German central bank that while DLT offers an opportunity to create financial integration, it does not guarantee it. On the contrary: "The non-interoperable technological ecosystems of each country or region, shaped by different regulatory regimes, create isolated liquidity pools of assets, further exacerbating fragmentation."

ChainCatcher news, according to Ledger Insights, HSBC has issued a one-year digital note worth HKD 1 billion (USD 128 million) using distributed ledger technology (DLT). The structure of this issuance is similar to the HKD 7.56 billion sovereign digital bond issued earlier this year. Therefore, the latest digital note is issued through HSBC Orion DLT, with the local Central Securities Depository (CSD) CMU acting as the platform operator.It is reported that HSBC's blockchain bond tokenization platform, HSBC Orion, uses a combination of Digital Asset's DAML and Hyperledger Fabric technology.

ChainCatcher news, Australian energy technology company Powerledger has announced its entry into the Solana ecosystem, claiming that it shares common values with the blockchain network as interest in regenerative finance (ReFi) grows. This integration aims to enhance the "narrative of clean energy and sustainability within the blockchain space."Powerledger will integrate its products with the Solana mainnet and cease operations of its own Solana Virtual Machine (SVM) blockchain. Powerledger stated, "At the core of Powerledger and Solana is a shared vision of innovation, sustainability, and transparency—values that are becoming increasingly important as the world shifts towards ReFi (regenerative finance) and sustainability."ReFi aims to create an economic system that goes beyond generating financial returns, focusing on restoring and enhancing social, environmental, and economic well-being. According to CoinGecko, as of the publication of this article, the total market cap of ReFi is $110.57 million.

ChainCatcher news, according to Cointelegraph, Ledger's Chief Experience Officer Ian Rogers emphasized the importance of maintaining security awareness during bull market cycles in an interview at the Token2049 conference in Singapore. Rogers stated, "In every bull market cycle, there are always people who find seemingly reasonable justifications to compromise on security or self-custody." He specifically mentioned that during periods of rapid market expansion, many cryptocurrency holders tend to store their assets on centralized exchanges rather than opting for self-custody.In response, Rogers emphasized, "If you are not doing self-custody, then what is the point of choosing cryptocurrency?" He warned investors against over-relying on centralized exchanges, especially during market downturns, and cited the now-defunct cryptocurrency exchange FTX as an example. "What they did was simply hand over funds to someone in the Bahamas and then add a column of data on a spreadsheet. That is not called cryptocurrency; that is called fraud."Beyond the cryptocurrency space, Rogers also pointed out the rising trend of global cybercrime. He predicted, "From now on, you can say every year that this year is the worst year for cybercrime, and that statement will always be accurate." To address this increasingly severe threat, Rogers suggested achieving secure self-custody of digital assets through hardware solutions and clear signature technology, ensuring that users fully understand the transactions they are authorizing.

ChainCatcher news, according to The Block, blockchain hardware company Ledger is collaborating with self-custody wallet provider Exodus to launch a new cryptocurrency exchange aggregator called XO Swap.

ChainCatcher news, according to The Crypto Basic, Ripple will launch a new token standard "MPT" on the XRP Ledger this month, aimed at enhancing its support for Real World Assets (RWA).Ripple's DeFi product lead Jasmine Cooper explained that MPT is specifically designed for RWA and can store metadata directly with the assets. This integration enhances the scalability and flexibility of XRPL, making it more suitable for institutional use cases and lowering the entry barrier for these organizations.

ChainCatcher message, the Australian blockchain technology company Powerledger stated on platform X that its Telegram channel has been hacked, and users should not participate in or share any information. They are currently trying to resolve this issue.

ChainCatcher message, Ripple announced on social media that the stablecoin Ripple USD (RLUSD) is now in Beta testing on the XRP Ledger and Ethereum mainnet. However, RLUSD has not yet received regulatory approval, so it cannot be purchased or traded. The community should be wary of fraudsters claiming to own or distribute Ripple USD.Ripple stated that RLUSD is valued at a 1:1 ratio with the US dollar (USD) and is 100% backed by US dollar deposits, short-term US government bonds, and other cash equivalents. These reserve assets will be audited by a third-party accounting firm, and Ripple will publish proof monthly.

ChainCatcher news, the tokenization platform OpenEden will launch tokenized U.S. Treasury bills (T-bills) to the XRP Ledger and its users. OpenEden's TBILL token is backed by short-term U.S. Treasury bills and reverse repurchase agreements collateralized by U.S. Treasury bills.In addition, Ripple will provide $10 million in support for this token.

ChainCatcher news, the Bank of England stated that it plans to conduct a series of experiments on Distributed Ledger Technology (DLT) and wholesale Central Bank Digital Currency (wCBDC) to keep up with changes in the payment landscape and assess the opportunities and risks brought by the development of fintech.The bank stated that it will work with the Treasury, payment system regulators, and the Financial Conduct Authority to ensure that the singularity of currency is maintained, even when stablecoins are involved. In other words, ensuring that all forms of currency—cash, bank deposits, etc.—can be exchanged for one another. In the discussion document, the bank indicated that it will conduct a series of experiments to ensure the singularity of currency is maintained between stablecoins and tokenized deposits (i.e., deposit claims represented on programmable platforms).

ChainCatcher news, Bitcoin scaling network Mezo has completed a $7.5 million financing round, led by Ledger Cathay Fund, with participation from ArkStream Capital, Aquarius Fund, Flowdesk, GSR, Origin Protocol, and Bybit's ecosystem project Mantle EcoFund. This round of financing brings its total funding to $30 million.The new funds will be used for Mezo's plans to expand the adoption of its network, including integrating more products into its network, such as its Bitcoin staking platform Acre.According to the Web3 asset data platform RootData, Mezo is a Bitcoin Layer2 network that enables users to access applications that facilitate the use of Bitcoin tokens, promoting a circular Bitcoin economy, not just a "savings technology." Mezo utilizes the idle Bitcoin of holders through the "HODL Proof" points program, where the longer the holding period, the more the contributor's "HODL score multiplier."

ChainCatcher news, according to The Block, Ledger launched a new cryptocurrency wallet, Ledger Flex, during the Bitcoin 2024 conference. The new device features E-Ink touchscreen display technology, which allows for easier operation of the device without compromising security.

ChainCatcher news, according to The Block, the hybrid Layer 2 project BOB (Build on Bitcoin), driven by Bitcoin and Ethereum, has completed a $1.6 million funding round. Ledger Ventures led the investment, with angel investors including notable figures from BlackRock, Rarible, Ordinals, Aave, Curve, Threshold, Magic Eden, Mechanism, Injective, Vessel Capital, Babylon, and Centrifuge.Of the funds raised, $1 million will be allocated to the BOB incubator to support new startups focused on Bitcoin infrastructure and BOB dapps. BOB aims to connect the mass adoption potential of Bitcoin with the capabilities of the Ethereum Virtual Machine (EVM) and its ecosystem by ensuring security through Bitcoin and enabling users to access dapp, DeFi, and stablecoin aggregation solutions.