Siemens issues its first digital bond on a public blockchain. Hong Kong issues its first tokenised green bond. Japan to launch its pilot programme to test the digital yen in April.
Weekly Market Index
Last week’s crypto market prices were up +11.35%. Volume and volatility also rose by +20.09% and +107.84%, respectively.
Weekly Performance
Bitcoin (BTC) and Ethereum (ETH) were up +11.2% and +10.3% in the past seven days, respectively. Other selected top-cap tokens also rose, with Polkadot (DOT) as the top performer amid recent news of its blockchain showing growth in user activity.
News Highlights
- Hong Kong’s government successfully issued its first tokenised green bond of 800 million Hong Kong dollars (US$101 million), in collaboration with Bank of China (Hong Kong), Crédit Agricole CIB and HSBC. Processes of the bond lifecycle will be digitalized and performed on Goldman Sachs’ tokenisation platform – GS DAPTM, a private blockchain network.
- Japan will launch a pilot program in April to test its version of a central bank digital currency (CBDC) known as the digital yen. The move comes after more than two years of proof-of-concept experiments by the Bank of Japan (the country’s central bank) around the digital yen.
- German conglomerate Siemens issued its first digital bond on a public blockchain. The company used the Polygon mainnet to issue the bond worth 60 million euros. Such a bond issuance makes paperwork more efficient and removes the requirement for a central clearinghouse.
- The U.S. consumer price index (CPI) for January rose 0.5% versus 0.1% a month earlier, in line with economist forecasts. On a year-over-year basis, however, inflation came in at a 6.4% versus 6.5% in December and against market predictions for 6.2%.
Read next: Twitter And Elon Musk Face A Growing List Of Claims| FXMAG.COM
Recent Research Reports
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| Research Roundup Newsletter (January 2023): In our latest issue, we feature trending market insights and our research on artificial intelligence trends, the rise of AI-generated content, and their applications in blockchain and Web3. | Alpha Navigator (January 2023): Crypto outperforms other asset classes in January by a large margin. BTC options put-call ratio at a yearly low, implying shift to positive sentiment. | AI-Generated Content and Applications in Web3: Artificial Intelligence-Generated Content (AIGC) has taken the world by storm recently, with popular applications like ChatGPT and DALL-E. We analyse its potential applications in Web3. |
Catalyst Calendar
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