Financial Industry News
Payments giant Mastercard is to develop a blockchain-powered cross-border payments platform in partnership with enterprise-focused blockchain firm R3. In an announcement on Wednesday, Mastercard said the two firms have inked a deal to “develop and pilot” the payments solution. It will initially be aimed at connecting faster payments schemes and banks backed by Mastercard’s clearing and […]
Continue ReadingDubai-based fintech company Wethaq has entered into a strategic partnership with enterprise software firm R3, in order to create a platform for issuing and trading sukuk securities based on R3’s Corda offering. A platform for Islamic securities According to a press release on Aug. 28, Wethaq’s platform is built on R3’s open source enterprise blockchain […]
Continue ReadingThe Kerala Blockchain Academy (KBA), a government initiative under the Indian Institute of Information Technology and Management, is now a general partner of R3. Local news outlet The Economic Times reported on Aug. 27 that New York-based enterprise blockchain firm R3 chose the KBA as a general partner. According to the article’s author, the academy […]
Continue ReadingCommerzbank and Landesbank Baden-Württemberg (LBBW) have completed another milestone trade on the Marco Polo platform. As reported Aug. 15, on this occasion, logistics provider Logwin AG was integrated into the digital process chain, digitally and in real time. Same same but different As with an earlier transaction, the trade took place between German supplier, KSB, […]
Continue ReadingBlockchain development company Truffle has unveiled plans to expand its fully managed developer suite to include support for the blockchain protocols Corda, Hyperledger Fabric and Tezos. Truffle founder and CEO Tim Coulter announced the company’s plans at TruffleCon 2019 — Truffle’s annual dev conference — on Microsoft’s campus in Redmond, Washington. Coulter commented on how […]
Continue ReadingThe company behind a popular suite of tools for ethereum developers is expanding to three new blockchain networks. Truffle CEO and founder Tim Coulter will announce Friday at the startup’s TruffleCon event in Seattle that additional tooling would be built for Hyperledger Fabric, Tezos and R3’s Corda. “Last year at TruffleCon, we celebrated 1 million […]
Continue ReadingA team of former Royal Bank of Scotland (RBS) engineers is bringing trading and settlement of digital assets, including cryptocurrencies, to a private blockchain network originally developed for enterprise uses. Revealed exclusively to CoinDesk, London-based LAB577, led by ex-RBS innovation lead Richard Crook, is rolling out its first platform offering, the Digital Asset Shared Ledger […]
Continue ReadingB3i, a consortium startup working to use blockchain tech in the insurance industry, has launched its first product on R3’s Corda platform. Revealed Wednesday, the release of B3i’s v1.0 of its Property Catastrophe Excess of Loss Reinsurance product comes a year after the firm’s announcement that it would use Corda to build its future products. The […]
Continue ReadingBrian McNulty, a former R3 managing director who left the company in January, has emerged from the bushes with a blockchain project to streamline the fund management industry. Revealed exclusively to CoinDesk, FundAdminChain (FAC), which is helmed by McNulty, also boasts R3 CEO David Rutter as an advisor, as well as buy-side veterans Peter Townsend […]
Continue ReadingPublic blockchain tokens will soon be trading on a major securities exchange. Revealed exclusively to CoinDesk, Swiss security token firm BlockState plans to “passport” half a dozen ERC-20 tokens from ethereum, the second-largest public blockchain, to Corda, the private distributed ledger technology (DLT) platform developed by R3. Before the end of the year, the tokens will be […]
Continue Reading