Latest Blockchain News: Finextra Research

MUFG and Banco Bradesco team on Ripple-based cross-border payments

Japan's MUFG Bank and Brazil's Banco Bradesco are teaming up to develop a cross-border payments service based on distributed ledger technology from Ripple.

13 November 2018

News/Blockchain

MAS and SGX apply blockchain tech for settlement of tokenised assets

The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) claim to have successfully developed Delivery versus Payment capabilities for the settlement of tokenised assets across different blockchain platforms.

12 November 2018

News/Blockchain

Voltron banks move closer to digital nirvana

The quest for a paper-free trade finance world has moved a step closer with the completion by BNP Paribas and HSBC of a fully digitised end-to-end letter of credit transaction between two different companies.

09 November 2018

News/Blockchain

SEC cyber unit has busy 2018

The Securities and Exchange Commission's new cyber unit has been busy, bringing 20 standalone cases, including those against ICOs and digital assets, in 2018, with more than 225 investigations ongoing.

08 November 2018

News/inclusion

EToro unveils GoodDollar cryptocurrency experiment to tackle wealth inequality

Online trading and investment platform eToro is pumping $1 million into an open source community project that aims to reduce global wealth inequality through the creation of a cryptocurrency that pays "social interest" to those who have less.

08 November 2018

News/Blockchain

Israel hosts 'pitch in the dark' startup competition

Startups from across Israel made their way to Jaffa this week for a Citi and Visa sponsored competition with a twist: the event took place in pitch black.

08 November 2018

News/Blockchain

Lloyds invests in cloud-based core banking startup Thought Machine

Lloyds Banking Group has paid £11 million for a 10% stake in core banking developer Thought Machine as part of a strategic partnership designed to accelerate the UK lender's digital transformation plan.

07 November 2018

News/Blockchain

BBVA conducts DLT-based syndicated loan deal

BBVA has arranged and signed the terms of a $150 million syndicated loan using distributed ledger technology (DLT)

07 November 2018

News/payments

JPMorgan's Interbank Information Network now encompasses more than 100 banks

The number of banks joining JPMorgan's blockchain-based Interbank Information Network (IIN) has grown to over 100, addressing cross-border payments in every major market, including Latin America, Asia, Europe, the Middle East and Africa.

07 November 2018

News/Blockchain

DTCC begins testing DLT platform for credit derivatives

The Depository Trust & Clearing Corporation (DTCC) is ploughing ahead with its project to re-platform its credit derivatives Trade Information Warehouse (TIW) on distributed ledger technology and cloud, enlisting 15 of the world's largest banks for a testing phase.

06 November 2018

News/Blockchain

Atom Bank to develop mortgage blockchain under 'FinTrust' project

Atom Bank and Newcastle University have set aside three years to conduct research on trust in financial services and how companies can design better digital banking services.

05 November 2018

News/Blockchain

Cyprus embarks on new era of blockchain technology

Invest Cyprus, the country’s national investment partner, has signed an MoU with public blockchain service creator VeChain Foundation and blockchain project strategy advisory Cream to introduce DLT in Cyprus.

02 November 2018

News/Blockchain

Watch out dinosaurs, we're in 'extinction phase' - Citi global CEO

Banks are living through an "extinction phase" as they look to survive the asteroid that is digitisation and the new competitors it ushers in, warns Stephen Bird, global CEO, Citi.

01 November 2018

News/Blockchain

NZ bank ASB sets blockchain trades in motion with VerifyUnion; DBS debuts commodity pricing platform

ASB has partnered with VerifyUnion, a decentralised identification platform, to launch New Zealand’s first bank blockchain single trade window.

01 November 2018

News/Blockchain

UK FS industry should create shared digital platforms - report

UK financial firms, regulators and governments would benefit from increased efficiencies and cost savings if the developed shared digital platforms to more effectively tackle things such as customer background checks, regulatory reporting and fraud prevention, says a new report from Deloitte and TheCityUK.

01 November 2018

News/Blockchain

Hong Kong Exchange preps DLT-based post-trade allocation and processing platform

Hong Kong Exchange and Clearing Limited (HKEX) is teaming up with Digital Asset to build a blockchain platform for post-trade allocation and processing of northbound trades under the Stock Connect programme with China.

31 October 2018

News/Blockchain

Coinbase raises $300m at $8bn valuation

Coinbase has raised $300 million in a Series E funding round led by Tiger Global Management, giving the cryptocurrency exchange a valuation of more than $8 billion.

30 October 2018

News/Blockchain

UK watchdogs propose regulatory framework for cryptoassets

UK financial watchdogs have outlined proposals to adopt a range of measures to bring cryptoassets into the regulatory fold.

30 October 2018

News/Blockchain

Japanese banks trial blockchain-based interbank settlement system

A group of nine Japanese banks are set to trial a blockchain-powered interbank settlement system developed by Fujitsu.

30 October 2018

News/Blockchain

Embracing the Blockchain Moment

Jens Hachmeister, managing director, DLT, crypto assets and new market structures at Deutsche Bourse, believes the embrace of distributed ledger technology by the global banking community will help the industry avert a long-heralded Kodak Moment.

29 October 2018