Crédit Agricole CIB, the French Oriental Bank of Commerce, conducted an experiment with its joint venture CACEIS with Santander as part of the European Central Bank (ECB) wholesale DLT Settlement test, involving the use of tokenization proxy banking model to simulate cross-border payments and interbank Settlement using wholesale Central Bank Digital Money (wCBDC). The ECB's experiment involves three Central Bank currency solutions, with the DL3S of the French bank being the only solution that provides wCBDC or on-chain cash. The experiment will end this month.

The Financial Times reported that the Bank of England (BoE) and the Financial Conduct Authority (FCA) will take a "proactive" and flexible regulatory approach through the Digital Securities Sandbox (DSS). Sashi Mills, Executive Director of the Bank of England, said this will enable regulatory agencies to adopt new approaches, maximize the potential benefits of innovation, and "manage financial stability risks". Through DLT, DSS aims to alleviate the inefficiency in the "post-trade environment", which can "drop the entry barriers for providers" while enhancing the flexibility of the financial market.

PANews reported on March 12 that in order to support aspiring innovators and creators around the world, the IOTA Eco_ DLT Foundation in Abu Dhabi has launched the IOTA Grants program, which aims to provide funding and support to help them turn promising ideas into reality. The program focuses specifically on four categories: open source development, research, education, and activities to drive innovation and growth within the IOTA ecosystem. IOTA Grants allocate funds through a transparent evaluation process, ensuring that only projects that align with the objectives of IOTA Grants and have a positive impact on the IOTA ecosystem are supported.

Odaily Planet Daily News The Hong Kong Monetary Authority Executive Director (Banking Conduct) Au Yuk-lun said that the guidance on the sale of token products applies to the digital representation of real assets on the ledger, such as structured investment products, spot precious metals and deposit products that are not regulated by the Securities and Futures Ordinance. The guidelines cover relevant due diligence, product and risk disclosure, as well as risk management systems and controls, with the aim of providing appropriate protection to banking customers. Au Yulin explained that the above-mentioned real assets themselves have safeguards, and if they are tokenized in the future, there may be additional risks (mainly technological risks), such as the Token product may be hacked or the system may stop working. As for the guidance on virtual asset custody, it applies to digital assets using DLT or similar technologies, such as virtual assets, token securities, and other token assets. Au said that banks must comply with five standards when hosting such assets for customers, one of which is that banks must separate their own assets from customers' digital assets, and other standards include risk management, safeguarding customer assets, conducting due diligence on service providers, and providing disclosure. (Takungpao)

PANews reported on February 15 that food company Mondelez International joined the Hedera Council to experiment with Distributed Ledger Technology (DLT) according to CoinDesk. As a new member of the Hedera Council, Mondelez will develop DLT-based solutions on Hedera with a focus on digital transformation initiatives and Supply Chain Management. Hedera Hashgraph is a public Distributed Ledger using hashgraph consensus, which has a unique structure compared to other chains, capable of achieving 10,000+ transactions per second and final confirmation times in seconds.

The Hedera Hashgraph development organization, the Hedera Board of Directors, has partnered with Mondelēz International, a U.S. food and beverage company, to work on Distributed Ledger Technology (DLT). As a new member of the Hedera Council, Mondelēz International is focusing on developing Hedera-based DLT solutions focused on digital transformation initiatives and supply chain management. （CoinDesk）

Abu Dhabi Global Market (ADGM) has signed a memorandum of understanding with the Solana Foundation to advance the development of Distributed Ledger Technology (DLT). The two parties have not announced any specific measures for the time being, but will explore development opportunities under the ADGM's DLT Foundation Regulations, which were introduced in November 2023. According to a statement released by ADGM, ADGM and Solana will seek to expand existing projects in the international financial center. （Cointelegraph）