London Metal Exchange (LME), a subsidiary of Hong Kong Exchanges and Clearing (HKEX), is exploring the tokenization of metal inventories stored in Hong Kong warehouses.
35 minutes ago
According to Reuters citing sources familiar with the matter, London Metal Exchange (LME), a subsidiary of Hong Kong Exchanges and Clearing (HKEX), is exploring tokenizing metal inventories stored in Hong Kong warehouses to turn them into digital assets eligible for loan collateral and other financing activities, in line with Hong Kong’s strategy to develop into an international commodity trading hub. LME responded that it is currently in the early stages of exploring tokenizing metal inventories for which warehouse receipts have not been issued. Unlike metals under warehouse receipts that already have standardized financing mechanisms, these inventories currently lack mature financing channels. Sources revealed that LME plans to hold a closed-door industry roundtable in early November to discuss the plan. HKEX is also testing carbon credit tokenization to enable near-real-time transaction settlement.
Bithumb issues update on its hacker incident: A total of 6,444 users’ information was stolen, and most of the stolen user data is unreadable.
3 minutes ago
FOMO early investor and advisor HDF joins the team as head of perpetual contract business.
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