ChainCatcher news, according to CoinDesk, State Street's Chief Product Officer Donna Milrod stated in an interview with Financial News that the bank is working on the tokenization of bond and money market funds, but currently has no plans to create stablecoins or tokenized deposits. However, Milrod said, "That doesn't mean we won't do it in the future; we just feel that there is no need to do it right now." Milrod mentioned that State Street has two ongoing tokenization projects focused on the tokenization of bonds and money market funds, which the company aims to complete "sometime next year." The goal is to establish tokenized collateral that allows traders to use it as margin without having to liquidate their holdings to raise cash.Milrod stated, "Operational efficiency alone is not enough. It needs to have commercial value, and the industry is figuring out where that commercial value lies. Collateral tokens could help avoid or mitigate the 'liability-driven' crisis of 2022, when pension funds could use money market fund tokens to post margin instead of liquidating assets to raise cash."

ChainCatcher news, according to the Hong Kong Commercial Daily, Hong Kong financial sector legislator Chan Chan-ying stated that the new quality productivity of Hong Kong's financial industry is currently mainly developing along two main themes: digital and green. In terms of virtual assets, Hong Kong regulators should establish relevant trading platforms, stablecoin licensing, testing, and operational mechanisms to capture digital development trends and share relevant regulatory experiences with the mainland. At the same time, Hong Kong's tokenized bond development is leading globally, and it can share the relevant product issuance and trading systems with the mainland, or guide more mainland enterprises to issue bonds, together meeting the demands of the international market.

ChainCatcher news, The Block reports that Bitfinex Securities will launch two new types of tokenized bonds on the Bitcoin sidechain Liquid Network, as part of an ongoing issuance plan with the Luxembourg microfinance group Mikro Kapital. The issuance aims for 10 million USDT, with a minimum investment of 125,000 USD.The two bonds are an 11-month bond with a coupon rate of 10%, and a 36-month bond with a coupon rate of 13.5%. This financing will start on July 3 and end on July 31. It is reported that the first tokenized bonds issued by Bitfinex Securities on the Liquid Network raised over 5 million USDT in December 2023.The Liquid Network is designed specifically for asset issuance, including stablecoins and regulated security token offerings, allowing issuers to create compliant offerings while enabling investors to self-custody, withdraw, and trade securities peer-to-peer. Bitfinex Securities stated that the proceeds from this issuance will be used to invest in microfinance and sharing economy projects to support small businesses and entrepreneurs in emerging markets.

ChainCatcher news, according to Cointelegraph, the RWA securitization platform Bitfinex Securities launched its first USDT tokenized bond, named ALT2611, on November 15. This tokenized security aims to raise $10 million, but after two weeks of the fundraising period, it has only raised $1.5 million, so the fundraising period will be extended by another two weeks.It is reported that ALT2611 is a 36-month 10% coupon bond priced in USDT, issued by the Luxembourg-based securitization fund Alternative and managed by Mikro Kapital. Bitfinex tokenized bonds are issued on the Bitcoin sidechain Liquid network. The minimum initial subscription size is 125,000 USDT, and the secondary market trading denomination is 100 USDT.

ChainCatcher news, according to Bloomberg, the Philippines will sell tokenized government bonds for the first time next Monday to further develop its domestic debt market.According to the issuance notice, the Department of Finance will issue at least 10 billion pesos (approximately 179 million USD) in one-year tokenized bonds maturing in November 2024 to institutional buyers, with a minimum denomination of 10 million pesos and increments of 1 million pesos. The final interest rate will be determined through book-building and announced on November 20. The Development Bank of the Philippines and the Land Bank of the Philippines, both state-owned banks, are the issuing management agencies.

ChainCatcher news, according to CoinDesk, blockchain startup Etherfuse has launched a tokenized bond "Stablebond" aimed at retail investors in Mexico. The bond is built on the Solana blockchain and is supported by the Mexican government.According to the company's research, Mexico is the second-largest bond market in Latin America, after Brazil. The research adds that the Mexican market is also one of the most liquid markets in Latin America, with outstanding debt of $623 billion and an average daily trading volume of $200 million. Most of the trading volume in Mexico comes from institutions, governments, and foreign investors, with a lack of retail or individual bond investors, as only 2% of bondholders are Mexican.

ChainCatcher news, the Hong Kong Monetary Authority (HKMA) today released a report titled "Tokenization of the Hong Kong Bond Market," outlining the next steps for promoting the broader application of tokenization technology in the Hong Kong bond market. The report details the experience of the HKMA in assisting the government with the issuance of HKD 800 million tokenized green bonds under the "Project Evergreen" initiative in February this year, including the specifics of the tokenized green bonds, technology and platform design, as well as trading and settlement.In addition, the report states that bond tokenization is still in its infancy, and to achieve widespread adoption, multiple challenges must be overcome. Existing legal and regulatory frameworks may also need to be fine-tuned to keep pace with and promote the adoption of the technology.