Financial Industry News
Tim Grant, formerly the CEO of ConsenSys-backed startup DrumG Technologies, is to become head of business at Swiss blockchain-based stock exchange SDX. SDX, the digital asset trading venue being built from the ground up by Swiss stock exchange operator SIX Group, had been searching for a new leader to take over from interim CEO Thomas […]
Continue ReadingAs blockchain technology increasingly gains traction in the airline industry, another major international air company has announced a blockchain project. Flagship global airline KLM Royal Dutch Airlines is applying blockchain technology to facilitate intercompany settlements process with its subsidiaries. Part of one of the world’s biggest airlines, Air France-KLM, Royal Dutch Airlines has partnered with […]
Continue ReadingDistributed ledger tech provider R3 says it’s providing pension firms with the technology to build new blockchain-based identity solutions that could help savers reclaim some of the $48 billion in lost U.K. pension pots. According to Abbas Ali, the head of the New York firm’s digital identity unit, pension providers will be releasing their own […]
Continue ReadingKYIV, UKRAINE — Central bank digital currencies (CBDCs) have been a hot topic in blockchain circles recently, but central banks are lukewarm about blockchains. Representatives of a number of the world’s central banks discussed their CBDC projects last week in Kyiv, Ukraine. The one-day conference was arranged by the National Bank of Ukraine, or NBU, […]
Continue ReadingBCB Group, a European crypto-focused payment processor for the likes of major global crypto firms like Coinbase, has secured a license from British regulators. The United Kingdom’s Financial Conduct Authority (FCA) has officially approved the firm’s core subsidiary, BCB Payments, as an authorized payment institution (API), BCB Group announced on Jan. 29. The company is […]
Continue ReadingHong Kong and Thailand’s central banks have stepped closer to implementing a joint central bank digital currency (CBDC) for cross-border payments. On Jan. 22, the Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) officially announced the outcomes of a joint CBDC research project called Project Inthanon-LionRock. Alongside publishing a joint press release, […]
Continue ReadingIn the last quarter of 2019, Hyperledger’s Fabric open source blockchain software saw more developer activity than R3’s Corda platform. Blockchain service firm Chainstack recently published a report about developer activity on six major enterprise blockchains, showing that Fabric has overtaken Corda in regard to dev activity on its repository. A chart included in the […]
Continue ReadingMultinational IT services giant Tata Consultancy Services (TCS) launched a blockchain app development kit (DevKit). According to an announcement published by TCS on Dec. 16, the new Quartz DevKit is a low-code web-based integrated development environment that aims to allow enterprises to quickly build and deploy applications on any chosen blockchain in a simplified way. […]
Continue ReadingThe Marco Polo Network, a trade finance network co-developed by major enterprise blockchain firm R3, has completed its largest finance trial. Built on R3’s open-source blockchain platform Corda, Marco Polo has hosted the largest global trade finance trial that involved over 70 organizations from 25 countries including financial giants like Japanese SBI Holdings, according to […]
Continue ReadingSettlement via securities and cash tokens and further use as collateral at Eurex Clearing’s Central Counterparty – within a binding legal framework Joint use cases confirm a potential founding stone for multiple comprehensive distributed ledger services Commerzbank, Deutsche Börse and MEAG, the Asset Manager of Munich Re and ERGO, have reached a further step in […]
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