Kiffmeister’s #Fintech Daily Digest (20220727)

Central African Republic begins public sale of Sango Coin

The national cryptocurrency of the Central African Republic, Sango Coin, is now on sale. People looking to buy the token need at least $100 in Bitcoin, Ethereum, BNB Smart Chain, Tether, USD Coin, Binance USD, or DAI. Buyers cannot withdraw or transfer their tokens until the lock-up period is over. However, only 5% of the tokens had been sold in the first 24 hours of the public sale. [Read more at the Block]

JAM-DEX officially launched through Lynk App

The Bank of Jamaica (BOJ) officially launched Jamaica’s JAM-DEX central bank digital currency (CBDC)  through the Lynk app on July 11.  Lynk is currently the only transaction platform for Jamaicans to use their JAM-DEX. As part of the launch, the first 100,000 customers that signed up for JAM-DEX via the Lynk app were given an incentive bonus of J$2,500 JAM-DEX in their wallets by the Government of Jamaica. [Read more at the Lynk]

BME,  BBVA and IADB issue blockchain-registered regulated bond in Spain

Bolsas y Mercados Españoles (BME), through Iberclear, Banco Bilbao Vizcaya Argentaria (BBVA) and the Inter-American Development Bank (IADB), have completed the first bond issuance in Spain listed in a regulated market and registered using blockchain technology developed by ioBuilders. The blockchain platform allows the registration, trading in the secondary market and life cycle management of a bond issued in a regulated market. Smart contracts have been used for the execution of the distribution, purchase and sale, settlement and corporate events processes, using electronic money tokenized by BBVA for the management of cash throughout the term of the issuance. [Read more at BME]

Upcoming events I’m affiliated with:

The CBDC Think Tank, in partnership with the International Monetary Fund and George Washington University, is hosting a full-day in-person CBDC Masterclass on October 12 in Washington DC. The sessions are designed as instructional deep dives with full presentations and Q&A components.  [Register here]