Gate News message, April 28 — Israel's capital market, insurance and savings regulator has approved virtual asset trading platform Bits of Gold to launch BILS, a stablecoin pegged to the Israeli shekel (ILS). The stablecoin completed a two-year pilot on the Solana blockchain before receiving

Gate News message, April 24 — Schroders Capital, the private markets division of Schroders, and Hannover Re have launched a tokenized reinsurance capability within Schroders' Private Debt and Credit Alternatives insurance-linked securities platform. The collaboration marks a significant

Gate News message: On April 21, according to Gate market data, as of the time of publication, GT (GateChain) is trading at $7.31. It is up 1.81% over the past 24 hours, with a high of $7.37 and a low of $7.12. The 24-hour trading volume is $350.6k. Its current market cap is approximately $350.6k. GateChain is a new generation public blockchain focused on user asset security and decentralized trading. With an original online hot-insurance account, its liquidation protection system creatively tackles core industry foundational issues such as users’ digital assets being stolen, private key destruction and loss, decentralized trading, cross-chain transfers, and more. Backed by six years of blockchain technology accumulation, two years of dedicated research, and a technology team of over 100 people, it uses outstanding innovation capabilities and strong financial resources to build a revolutionary blockchain GateChain.

Hong Kong's Financial Secretary Deputy Chief Lam Ho-him noted increased interest from Middle Eastern clients in transferring funds and opening local accounts. He highlighted mutual engagement, the expansion of virtual insurance in the region, and the introduction of Islamic bond ETFs, indicating Hong Kong's development as a digital asset innovation hub.

A report by Vimeo reveals that disruptions in the Strait of Hormuz are prompting trade restructuring in the Gulf through alternative logistics methods, driven by increased war risk insurance, congestion, and governance uncertainty.

Ripple has partnered with Kyobo Life Insurance to digitize government bond clearing via blockchain, aiming to reduce settlement times. The project is in early stages, focusing on technical feasibility, with plans for stablecoin payments also discussed.

Ripple and Kyobo Life Insurance are partnering to explore blockchain-based tokenized government bond settlements, aiming to reduce settlement time to near real-time. This positions Kyobo Life as Korea's first Tier-1 insurer to pursue such innovation while examining stablecoin payment systems.

Ripple partners with Kyobo Life Insurance to facilitate tokenized government bond transactions using Ripple Custody, enhancing efficiency and exploring stablecoin payments in a regulated setting.

Ripple and Kyobo Life Insurance are collaborating on a proof-of-concept to explore blockchain-based government bond trading, aiming to enhance settlement times and reduce risks. The project tests tokenized bonds and stablecoin payments, moving traditional assets to a blockchain system.

Jito Foundation signed a memorandum of understanding with KODA, South Korea’s largest digital asset custodian, to promote compliant access to liquid staking tokens JitoSOL for institutional investors in South Korea, including market education and explorations of compliant custody. KODA provides cold wallets and digital asset insurance, and Jito is also seeking to launch a JitoSOL ETF.