AGP Executive Report
Last update: 9 hours agoCross-Border Payments: Bank of America says it will launch next quarter a cross-border real-time payments service for corporate and commercial clients, sending funds instantly via Swift or CashPro with real-time tracking, full-principal delivery and lower costs—aimed at fast-growing P2P and B2C flows. Tokenized Deposits vs Crypto: JPMorgan, Citi, Bank of America and other major US banks are building a shared tokenized deposit network through The Clearing House, targeting a 2027 launch to keep deposits inside the regulated banking system while enabling 24/7 instant settlement on blockchain rails. Monaco Spotlight (F1 Business): With the Monaco GP this weekend, Polymarket traders still price Ferrari’s Charles Leclerc as the favorite at his home race, while Hamilton pushes back on the hype. Monaco Luxury & Hospitality: Interswitch’s Mitchell Elegbe is re-appointed to EY’s 2026 World Entrepreneur of the Year jury in Monte Carlo, reinforcing Monaco’s role as a global business hub. Local Economy & Tourism: Las Vegas secured a 10-year F1 extension through 2037, underlining how long-term race deals keep driving major event-driven spending. Branding in Monaco: HP and Ferrari are rolling out a limited-edition Scuderia Ferrari AI PC timed to Monaco GP weekend, with 4,999 units and a design nod to racing hardware.
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