All notes

Vietnam • Sep 10, 2025

Vietnam Resolution 05 turns foreign-investor crypto-asset access into a single-bank VND control lane

Vietnam Resolution 05 requires one dedicated VND account per foreign investor and makes crypto-asset services VND-only and Ministry of Finance-licensed.

Singapore • Aug 25, 2025

OCBC Bank’s digital US commercial paper programme makes tokenised debt a live USD funding lane

OCBC Bank’s 25 August 2025 launch of a US$1 billion digital US commercial paper programme.

United Arab Emirates • Jul 31, 2025

Central Bank of the UAE turns the Digital Dirham into a launch-adjacent settlement signal

How CBUAE's July 2025 Digital Dirham package changes the market read from CBDC exploration to disclosed operating design.

Saudi Arabia • Jul 9, 2025

Saudi fund access and debt disclosure now move together under CMA's July 2025 package

Why CMA's July 2025 investment-funds package should be read as linked market-access and reporting-discipline reform across Saudi fund distribution and domestic private debt.

United Arab Emirates • Jul 3, 2025

Abu Dhabi Securities Exchange turns UAE tokenized debt into an exchange-infrastructure story

Abu Dhabi Securities Exchange's July 3, 2025 digital bond announcement, with the analysis centered on exchange-layer post-trade integration, CMU and ICSD access, and the distinction between credible market plumbing and unproven market maturity.

Cambodia • Jun 26, 2025

ABA Bank’s ABA Business launch surfaces the control stack behind corporate money movement

ABA Bank’s June 2025 ABA Business rollout in Cambodia exposed approval tiers, ERP-linked Host-to-Host instructions, virtual-account receivables separation, and reconciliation controls relevant to bank-led treasury operations.

United Arab Emirates • Jun 16, 2025

DFSA’s June 2025 tokenisation sandbox update points the DIFC toward tokenised bonds, sukuk, fund units, trading, and custody

DFSA’s June 2025 tokenisation sandbox progression, framed as an investment-token market-structure signal for the DIFC.

United Arab Emirates • May 19, 2025

VARA's FRVA rules make Dubai stablecoin issuance an approval regime with a hard AED boundary

VARA's 19 May 2025 FRVA rules require prior approval for each issuance, exclude AED-referenced instruments to CBUAE, and confine FRVAs to virtual-asset-ecosystem use.

Cambodia • Feb 12, 2025

Cambodia's Non-Bank Financial Services Authority turns fintech strategy into a supervisory-systems buildout

Cambodia's February 2025 FSA non-bank fintech plan is notable because it converts broad policy language into named supervisory, reporting, disclosure, licensing, and implementation systems.