HashKey Daily News Highlights（2025/11/12）
2025-11-11
1. Hong Kong HSBC gold token jumps to third place globally
BlockBeats News reported on November 11th, "HSBC Bank launched the "HSBC Gold Token" for Hong Kong retail investors, with a total trading volume surpassing $1 billion and over 100,000 transactions, making it the world's third-largest gold token product. The token is denominated in Hong Kong dollars, approved by the Hong Kong Securities and Futures Commission, and is currently the only compliant gold RWA product open to retail investors."
2. Standard Chartered Bank partners with DCS to launch DeCard, a stablecoin-based credit card in Singapore
PANews reported on November 11th that, "According to CoinDesk, Standard Chartered Bank has partnered with DCS Card Centre to become the primary banking partner for its new DeCard credit card. This card allows users to make payments using stablecoins in everyday transactions. The two companies stated that DeCard will first launch in Singapore, where regulators encourage trials of digital payment systems, before expanding to other major markets."
3. ClearToken receives UK approval to launch cryptocurrency and tokenized asset settlement system
PANews reported on November 12th that, "According to The Block, the UK Financial Conduct Authority (FCA) has approved London-based ClearToken to launch a regulated settlement service for digital assets. Its upcoming CT Settle platform uses a "payment settlement" model, enabling simultaneous settlement of cryptocurrency, stablecoin, and fiat currency transactions. This approval grants ClearToken the qualifications of an authorized payment institution and a registered crypto asset company.
4. DBS Bank is currently partnering with J.P. Morgan to jointly develop an interoperability framework
BlockBeats News reported on November 11th, "According to The Block, Singapore's DBS Bank is collaborating with Kinexys, a digital asset platform under JPMorgan, to develop an interoperability framework aimed at enabling cross-chain transfer of tokenized deposits within both parties' on-chain ecosystems.This collaboration seeks to build a bi-directional interoperability layer supporting cross-network transactions between public and permissioned blockchains to expand customer reach. Currently, both institutions provide customers with 24/7 liquidity services and real-time payment settlements within their blockchain systems.According to the announcement, JPM Deposit Token users based on the Ethereum Layer 2 network Base will be able to transact with DBS Bank token service customers operating on a permissioned chain in the future. Such interactions have been limited by inherent interoperability challenges and associated security risks, which have been difficult to overcome within traditional financial architectures."
5. Brazil expands financial sector regulation to include cryptocurrency service providers
PANews reported on November 11th that, "According to The Block, the Central Bank of Brazil issued new regulations for local digital asset companies on Monday, further tightening requirements for service providers to combat illicit activities. Under the new regulations, virtual asset service providers must obtain authorization from the Central Bank of Brazil to operate and are categorized into three types: virtual asset intermediaries, custodians, and brokers. The new regulations extend existing financial industry requirements such as customer protection, internal governance, and anti-money laundering to cryptocurrency service providers, requiring them to establish compliance and risk management systems. Service providers that meet the requirements and take sufficient measures will be granted operating authorization. Furthermore, the buying and selling of stablecoins pegged to fiat currencies, as well as international transfers or settlements using virtual assets, will be subject to foreign exchange market regulation; if unauthorized counterparties are involved, the transaction amount will be capped at $100,000. "
6. The US government plans to end the shutdown, and the SEC and CFTC may accelerate the progress of crypto regulation and products
PANews reported on November 11th that, "According to The Block, the Senate has reached an agreement that could end the 41-day government shutdown this week, allowing the SEC and CFTC to resume normal operations. The SEC may prioritize issuing "exemptive relief" to support tokenization and crypto businesses, and continue its investigation of digital asset vault companies. Crypto ETFs such as SOL, Litecoin, and HBAR, which were launched under the unified listing standards during the shutdown, may automatically take effect, require supplementary inquiries, or be temporarily suspended upon the SEC's resumption of operations. CFTC Acting Chair Caroline Pham stated that the CFTC will push for "spot crypto trading and tokenized staking" this year and is discussing with regulated exchanges the launch of leveraged spot trading as early as next month. The Senate Banking Committee and Agriculture Committee are respectively advancing legislation to allocate SEC/CFTC powers and define "auxiliary assets," which ultimately need to be coordinated into a single version for the President's signature."
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