Latest news with #tokenisation
Wamda
12 hours ago
- Business
- Wamda
Byzanlink secures $1 million backed by Outlier Ventures
UAE-based RWA tokenisation platform Byzanlink has closed a $1 million private funding round backed by Outlier Ventures, NTDP Saudi Arabia, Smart IT Frame, Sensei Capital, and other angel investors. Founded in 2024 by Anbu Kannappan, Byzanlink operates from DMCC in Dubai, building infrastructure to tokenise traditional financial assets, offering institutional and retail investors broader access, enhanced transparency, and operational efficiency through blockchain rails. The new capital will fuel product development, expand ecosystem integrations, and strengthen regulatory alignment. Byzanlink aims to offer professionally managed, yield-bearing digital instruments, anchoring itself as a core compliance-ready infrastructure layer in the emerging global tokenised asset economy. Press release: Byzanlink, a real-world asset (RWA) tokenisation platform bridging traditional finance and decentralised finance (DeFi), has raised $1 million in a private funding round. The raise attracted a group of early supporters, including Outlier Ventures, NTDP Saudi, Smart IT Frame, Sensei Capital and angel investors Murali Kulala (CEO, Smart IT Frame), Salman Butt (Co-founder, Salla), and Christopher, a seasoned fintech investor, along with several other prominent angel backers. Based in Dubai's DMCC, Byzanlink is building infrastructure to modernise access to institutional-grade investment opportunities through blockchain-based tokenisation. The platform is designed to bring greater transparency, operational efficiency, and broader accessibility to financial assets that have traditionally remained out of reach for many investors. 'Support from such a diverse and forward-thinking group of partners is a strong signal for what we're building,' said Anbu Kannappan, Founder and CEO of Byzanlink. 'We believe the next generation of financial infrastructure will be powered by transparency, automation, and access. We're committed to building that foundation.' With this new capital, Byzanlink will accelerate product development, deepen ecosystem integrations, and strengthen the operational frameworks that support regulatory alignment and institutional adoption. The platform aims to align traditional investment structures with modern financial rails, creating a foundation where capital moves faster, more openly, and with greater programmability. As the tokenisation of real-world assets gains global momentum, Byzanlink is positioning itself as a core infrastructure layer supporting compliant, yield-bearing financial products for institutions, fintechs, and digital-native treasuries. The company's approach centres on a multi-asset model, with plans to support a range of professionally managed, blockchain-native financial instruments. While exact offerings are under development, the platform will prioritise security, liquidity, and real-time transparency. This funding milestone marks a significant step in Byzanlink's journey to reshape how capital is allocated, managed, and accessed in the digital economy.
South China Morning Post
5 days ago
- Business
- South China Morning Post
Hong Kong sharpens crypto hub focus amid rising global competition with new blueprint
Hong Kong is intensifying its bid to become a global digital asset (DA) hub with the release of an updated policy statement focused on accelerating stablecoin use and tokenisation efforts, amid renewed momentum in the US this year. 'The government's highly anticipated Policy Statement 2.0, aimed at establishing Hong Kong as a global digital assets hub, comes at a time when Trump 2.0 is trying to make America the 'crypto capital of the planet',' said Andrew Fei, a partner at King & Wood Mallesons in Hong Kong. The city on Thursday released its 'Policy Statement 2.0 on the Development of Digital Assets in Hong Kong' , an update to the first blueprint issued in late 2022, which first clarified the government's intent to court cryptocurrency business. Hong Kong is committed to bringing itself 'to new heights of global digital asset leadership' in response to the 'evolving global DA landscape', the Financial Services and the Treasury Bureau (FSTB) said in the policy statement. The document comes as the US has rapidly become a more favourable environment for crypto companies this year, under the friendlier policies of the second administration of President Donald Trump . Cryptocurrency values have surged since his election in November, which has also energised business activity in the sector. Last week, the US Senate passed a bill regulating the use of stablecoins, called the Genius Act, after Hong Kong passed its own law on the assets in May. The Hong Kong ordinance will take effect on August 1. It shows that the 'global race for digital assets innovation is well under way', Fei said.
The National
6 days ago
- Business
- The National
Shadi's take on higher spending for Nato members
Dubai launched the pilot phase of its real estate tokenisation project last month. The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said. Dubai's real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate's total property transactions, according to the DLD.
Finextra
18-06-2025
- Business
- Finextra
Beyond the Firewall: Rethinking Payment Data Security: By James Richardson
In today's digital economy, protecting sensitive business payment data is no longer just the responsibility of IT or treasury departments — it's a strategic business imperative. While enterprise systems like ERP and CRM often have strong security protocols, these systems don't operate in a vacuum. Payment data is frequently copied, stored, and used across spreadsheets, shared drives, and supplier portals — far beyond the safety of core systems. That's where the real risk lies. Why Traditional Defences Fall Short Historically, businesses have relied on layered security controls like encryption, firewalls, and access policies to protect payment information. But these measures alone don't eliminate the inherent risks of decentralised data. Payment details often reside in multiple locations across an organisation — from shared folders to manual payment files — making it hard to track who has access, where data is stored, and how it's being used. In these uncontrolled environments, human error, system design gaps, and cybercriminals can easily exploit weaknesses. And the stakes are high. Data breaches involving bank account details not only damage reputations and erode customer trust but can also expose organisations to direct financial loss, fraud recovery efforts, and regulatory scrutiny. The Rise of Payment Tokenisation To address this growing threat, an additional and effective approach is gaining traction in B2B payments security: payment tokenisation. Tokenisation replaces sensitive bank account information with a secure, randomised token — a placeholder with no exploitable value. These tokens are stored and managed outside the business's systems, in highly secure external environments. The original bank data stays protected, while the business uses the token for processing payments as if it were the real thing. In practice, this means organisations can continue to run payments efficiently — but without ever holding the real account data internally. Even if a breach occurs, attackers get meaningless tokens rather than actionable payment credentials. Strategic Benefits Beyond Security The appeal of tokenisation goes beyond protecting against fraud. It simplifies compliance and risk management by centralising sensitive data into a single, tightly controlled location. That eliminates data sprawl, reduces audit complexity, and gives finance teams greater peace of mind. Organisations embracing tokenisation also gain operational resilience. Instead of relying solely on internal controls, they reduce systemic risk by shifting sensitive data management to dedicated, security-hardened infrastructure. That's especially valuable for large businesses managing thousands of payments a day or navigating complex multi-supplier networks. From Niche to Necessity While tokenisation is already well established in card payment systems, its adoption for bank account data is only just beginning. There's no regulatory requirement — yet — but that's starting to shift. Standards like PCI DSS don't currently mandate tokenisation for bank details, but forward-thinking organisations aren't waiting for legislation to catch up. Rising fraud, evolving cyber threats, and increasing expectations from partners and regulators are all pushing tokenisation from a niche solution to a best-practice standard. For financial operations teams, it's a proactive step that protects both reputation and revenue. The Strategic Imperative Tokenisation isn't just a cybersecurity tactic — it's a smarter, more resilient way to handle business payment data in a landscape where breaches are inevitable and reputational risk is high. It streamlines compliance, enhances governance, and dramatically lowers the threat posed by internal errors, third-party risks, and increasingly sophisticated attacks. The time to act is now. Businesses that wait for regulation, a major breach, or a mandate from a banking partner are already on the back foot. Forward-looking organisations are proactively removing sensitive bank account data from their systems — not simply to protect it, but to eliminate the need to hold it in the first place. Don't wait for a crisis to rethink your approach. Tokenisation is fast becoming a defining feature of modern payment security strategy. If your business handles payments, it's time to ask: why hold the risk at all?
Finextra
17-06-2025
- Business
- Finextra
Osttra, Baton and Partior expand FX settlement ecosystem with tokenised commercial bank funds
Partior's digital cash settlement network has connected to Osttra and Baton Systems' on-demand FX payment-versus-payment (PvP) settlement service. 1 Like 0 The PvP network is powered by Baton's DLT technology, which has facilitated over $13 trillion in FX settlements to date. The integration of bank-backed fintech Partior is designed to expand participants' options for settling FX transactions with PvP protection to include using tokenised commercial bank facilities. Participants can continue to tap the existing automated matching, netting and settlement orchestration which delivers programmable atomic PvP but can now elect to settle FX transactions using either fiat or tokenised commercial bank money or an asset with the credit characteristics of central bank money. Humphrey Valenbreder, CEO, Partior, says: 'As the industry moves beyond experimentation toward real-world adoption of digital assets, the ability to settle FX trades with tokenised commercial bank money efficiently is a great step forward. Arjun Jayaram, CEO, Baton Systems, adds: 'The transition from fiat to digital assets is ushering in an era where banks can leverage multiple settlement venues to optimise liquidity and ensure safe settlement. "With Partior now integrated with our institutional-grade DLT, we provide network participants with even greater choice in the account structures they can use to orchestrate settlement across venues for an increasingly diverse range of assets.'
