RedotPay completes independent AML/CFT controls review; SBI entities commit ¥1B to JPYSC stablecoin; DBS and Citi settle USD payment via Swift's Digital platform.
Regulation & Gov ·
RedotPay has completed an independent review of its anti-money laundering and combating the financing of terrorism (AML/CFT) controls, conducted by a Big Four firm. The assessment covered governance structures, customer due diligence procedures, transaction monitoring systems, and staff training practices. The completion of such a review typically signals third-party validation of compliance infrastructure.
In parallel moves within Japan's stablecoin ecosystem, SBI Shinsei Trust Bank and SBI VC Trade have committed ¥1 billion in combined support to JPYSC, a yen-denominated stablecoin project. The nature and precise deployment of these commitments—whether as equity, operational funding, or liquidity reserves—remain unspecified in available reporting.
Separately, DBS Bank and Citigroup executed a USD payment settlement over the weekend using Swift's Digital platform, marking another instance of real-time gross settlement infrastructure being deployed for cross-border transactions. The volume and specific use case for this transaction have not been disclosed.