Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Company update/markets

Marketnode to begin pilot phase of DLT-based investment funds utility

Further to Singapore Funds Industry Group’s (“SFIG”) announcement on Fundnode dated 31st Aug 2022, Marketnode, presents details of Fundnode, an industry-wide investment funds utility built using distributed ledger technology (DLT).

31 August 2022

News/payments

Blockchain-based remittance network Lightnet raises $50 million

Singapore-headquartered cross-border remittance firm Lightnet has secured a $50 million capital commitment from LDA Capital.

30 August 2022

Company update/crypto

Crypto exchange Bybit to list Okse digital wallet

Bybit, the third most visited cryptocurrency exchange in the world, will list OKSE, the utility token of Okse Card and Okse Wallet, on Bybit Launchpad 2.0.

26 August 2022

News/crypto

Abu Dhabi establishes crypto committee

Abu Dhabi has announced the formation of a government body to develop its strategy for regulating and promoting the world of virtual assets.

26 August 2022

Company update/Blockchain

Partisia Blockchain Foundation names Hinrich Pfeifer COO

Partisia Blockchain Foundation, an independent non-profit foundation with the sole purpose of supporting Partisia Blockchain, the world’s most advanced internet-privacy infrastructure, announces the appointment of Hinrich Pfeifer to the position of Chief Operations Officer.

22 August 2022

News/markets

DTCC's DLT-based settlement platform goes into parallel production

The Depository Trust & Clearing Corporation (DTCC) says its distributed ledger technology-based alternative settlement platform has gone live in a parallel production environment.

22 August 2022

Company update/crypto

DAM Finance raises $1.8m for cross-chain, portfolio-backed stablecoin

dPRIME Asset Modules Finance (”DAM Finance” or “DAM”), a protocol for creating purchasing power from cross-chain token portfolios, is pleased to share that it has closed a $1.8 million pre-seed funding round led by Digital Finance Group (”DFG”) and Jsquare.

22 August 2022

News/wealth

Asset manager launches metaverse fund

Invesco, a global asset manager with $1.6 trillion of assets under management, has launched an investment fund focused on the metaverse.

22 August 2022

Company update/people

Maxwell Partners adds strategic advisors

Maxwell Partners, the London-based algorithmic trading, blockchain and digital asset investment firm, has announced today that it has appointed Mikkel Morch and Angus John MacCormick as strategic advisors to strengthen and expand its algo trading business for investors in the cryptocurrency markets.

17 August 2022

Company update/payments

Figure's Banking in a Box platform to introduce issuing processing services via Visa

Figure Technologies, Inc., a leader in transforming financial services through the power of blockchain technology, announced a new collaboration with Visa to provide issuing processor services via Figure's blockchain-based Banking in a Box platform.

11 August 2022

News/markets

ASX calls in Accenture to assess Chess replacement project

The Australian Securities Exchange (ASX) has called in consultants from Accenture to run the rule over its much-delayed blockchain-based post-trade network.

03 August 2022

News/markets

UK legal taskforce probes rules underpinning securities issuance on blockchain

Legal experts in the UK have opened a public consultation on the legislative changes required to support the issuance and transfer of digital securities on blockchain and DLT systems.

03 August 2022

Company update/crypto

Bitso and Mexican Football Federation launch NFT jerseys

Bitso, the leading cryptocurrency platform in Latin America with more than 5 million users, and the Mexican Football Federation (FMF) launched the first collectible NFT of the Mexico National Team’s jerseys that was acquired in cryptocurrencies.

01 August 2022

News/payments

Swift could face challenge in new era for cross-border payments - EIU

The Russian invasion of Ukraine will cause disruption to cross-border payment systems and could, in conjunction with technological advances, challenge the dominance of the Swift network, predicts a paper from the Economist Intelligence Unit (EIU).

29 July 2022

Company update/crypto

Digital asset company Atato closes $6m Series A

Atato, a licensed digital asset custodian offering MPC custodial solution aimed at corporates and institutions, announced the close of their successful Series A round today, affirming bullish sentiment for infrastructure projects in blockchain-related markets.

27 July 2022

Company update/crypto

Delio and Shinhan Investment Corp team on digital asset services

Delio, Korea's first crypto bank, is pushing a collaborative initiative involving digital assets with Shinhan Investment Corp., Korea's largest securities company.

26 July 2022

Company update/cloud

Data management and AI automation tools top investments for financial firms - survey

Investing in technology to better optimize data and modernize data management are the top priorities for financial services firms according to new research by global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR).

21 July 2022

News/regulation

UK to regulate stablecoins as part of Finance bill

Fintechs and crypto asset providers have welcomed the UK government’s decision to bring stablecoins into regulatory scope as part of the recently published Financial Services and Markets Bill.

21 July 2022

News/crypto

BNP Paribas Securities Services joins crypto custody market

BNP Paribas Securities Services (BNPPSS) has become the latest asset servicer to promote its push into the digital assets custody sector.

20 July 2022

Company update/crypto

CoinDCX recruits for DeFi push

CoinDCX, one of India’s Largest and most valuable crypto companies, is ramping up its leadership team by hiring industry leaders for its Defi initiatives, despite tough market sentiments.

20 July 2022