Goldilocks’ Comments and Global Economic News Sunday Evening 3-24-2024
Good Evening
“The Government of the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR Government) issued around HK$6 billion worth of digital green bond offering denominated in four currencies – Hong Kong dollar, U.S. dollar, Renminbi and Euro.”
This move constitutes the first multi-currency digital bond offering in the world.
A green bond is a fixed-income instrument used to raise money for climate and environmental projects.
These bonds are asset-linked and backed by the issuing entity’s balance sheet. They have the same credit rating as their issuers’ other debt obligations.
These projects go on to execute the transformative efforts of moving our economy into a new digital framework and projects designed to meet the needs of a changing world.
This multi-currency Green Bond will allow Hong Kong to be provided liquidity in a multi-currency digital framework. Crédit Agricole CIB
© Goldilocks
~~~~~~~~~
When foreign currency is exchanged across many Clearing House platforms, you want to make sure that your money is exchanged through the appropriate routes.
Accounts with similar IDs or similar ownership benefits utilizing this mechanism keeps the money moving to where it is supposed to go.
Now, you are seeing why so much time has been spent on beneficial ownership reforms.
On April 2, Hong Kong Exchanges and Clearing Limited will offer this new self-match prevention mechanism service for the securities market (ie Foreign Currency) will open for applications by exchange participants.
Those who utilize this service will be given more security in their trades across borders utilizing various currencies to finish the transactions. Hong Kong Exchange CME Group
© Goldilocks
~~~~~~~~~
Bank mergers have been taking place for the last few years, and this trend is expected to continue as our economy shifts into a new digital environment.
The Office of the Comptroller of the Currency acting comptroller has given an official statement showing his agreement with the “FDIC’s Proposed Statement of Policy on Bank Merger Transactions.”
This will allow banks to move forward with necessary compliance issues inside a Basel 3 regimen. Banks who are able to move forward will do so. Those who cannot will merge with those who can. Office of the Comptroller of the Currency
© Goldilocks
~~~~~~~~~
Trading mechanisms are changing, banking reforms are taking place, and critical minerals are being secured.
This is the new world that is being digitized in front of our eyes. Tokenized assets are expected to be well above 90% complete by the end of the year on a Global scale.
Many aspects of this new digital economy are being interfaced on the new Quantum Financial System as we speak.
These changes and challenges are much needed in today’s world, but it is not enough. Here is where Artificial Intelligence comes in to give us guidance.
The future of Finance requires the successful integration of AI and QFS on financial matters going forward.
New AI simulations have to be capable of meeting the challenges of our new economy through artificial structures designed to clear a path forward and synchronize them with joint efforts to see these manufactured projections come to their conclusion. The Quantum Insider
© Goldilocks
~~~~~~~~~
The Fed’s Liabilities: How Far Can QT Go? What’s the Lowest Possible Level of the Balance Sheet without Blowing Stuff Up? | Wolf Street
~~~~~~~~~
EU cracks down on anonymous crypto transactions, needing ownership proof to send/receive payments, aiming to fight money laundering.
Sending/receiving over €10,000 in cash is illegal, targeting large untraceable transactions. Coinpedia
~~~~~~~~~
Backed, a key player in the tokenization of real-world assets, has unveiled a new suite of services tailored for financial institutions looking to enter the digital asset space with security and compliance at the forefront.
The Swiss-based company is expanding its offerings to include the tokenization of private funds and products, addressing the tech-heavy focus of existing solutions by emphasizing compliance and trust.
The newly launched services include Tokenized Trackers for on-chain representation of securities or thematic baskets, Tokenized Actively Managed Certificates (AMCs) for blockchain-based investment strategies, and a comprehensive Tokenization Platform for the creation, management, and distribution of tokenized investment products. Crowdfund Insider
~~~~~~~~~
UAE firm challenges China for stake in Zambian copper mine | The Cradle
~~~~~~~~~
