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

Deutsche Bank and Standard Chartered pilot network for stablecoins and CBDCs

Deutsche Bank and Standard Chartered have carried out the first digital currency transfer and swap on the new Universal Digital Payments Network (UDPN).

26 October 2023

News/crypto

DTCC buys blockchain outfit Securrency

The Depository Trust & Clearing Corporation (DTCC) has agreed to buy blockchain-based fintech Securrency. Financial terms were not disclosed.

19 October 2023

News/crypto

Sweat Economy launches in US

Sweat Economy, a Web3 ecosystem that helps people tokenise their physical activity, has launched in nine new countries, including the US.

18 October 2023

News/crypto

JPMorgan moves to commercialise blockchain with Tokenized Collateral Network

JPMorgan Chase has transformed money market fund shares into tokens to execute an over-the-counter derivatives trade between BlackRock and Barclays Bank using blockchain technology.

11 October 2023

News/startups

Untangled Finance raises $13.5m to bring institutional grade private credit on-chain

UK fintech Untangled Finance has raised $13,5 million for it platform to bring institutional-grade credit with a built-in liquidation mechanism on-chain.

11 October 2023

News/crypto

BIS applies DeFi principles to cross-border wCBDC tests

The Bank for International Settlements (BIS) and the central banks of France, Singapore and Switzerland have successfully tested the cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs) between financial institutions, using new decentralised finance (DeFi) technology concepts on a public blockchain.

28 September 2023

News/crypto

Tether commits to AI strategy with €400 million NVIDIA chip purchase

Damoon, a Tether company in which Northern Data Group owns a majority stake, has purchased over 10,000 NVIDIA H100 Tensor Core GPUs, a type of chip, at a total cost of approximately €400 million.

22 September 2023

News/crime

FTX sues Bankman-Fried’s parents over misappropriated funds

The FTX legal saga continues to play out as parents of the company’s founder, Sam Bankman-Fried, have been sued by the FTX parent company Alameda Research, for improperly receiving millions of dollars from the scheme.

20 September 2023

News/crypto

Sibos 2023: Can CBDC replace cash?

At Sibos 2023 in Toronto, EY’s Christopher Woolard chaired a session on how digital currencies have made a big splash over the past few years and questioned whether they will be merely a drop in the ocean.

19 September 2023

News/Sibos

Sibos 2023: Zumo releases Digital Assets 2023 report

The insights report is the first to comprehensively survey and analyse the emerging areas of opportunity within the global digital asset ecosystem from an enterprise perspective.

19 September 2023

News/wholesale

Citi joins blockchain bond exchange

Global custodian Citi Securities Service has announced its membership of BondbloX Bond Exchange (BBX), a DLT-based platform that claims to be the world's first fractional bond exchange.

15 September 2023

News/crypto

Deutsche Bank to handle client crypto assets with Taurus

Deutsche bank has enlisted the support of Swiss crypto infrastructure firm Taurus to manage cryptocurrencies, tokenized assets, and digital currencies on behalf of its institutional clients.

14 September 2023

News/crypto

SBI extends Ripple XRP to new remittance corridors

SBI Remit is using Ripple's XRP for a bank account remittance service to the Philippines, Vietnam and Indonesia.

14 September 2023

News/sustainable

ABN Amro registers digital green bond on blockchain

ABN Amro has become the first Dutch bank to register a digital green bond on a public blockchain.

13 September 2023

News/payments

JPMorgan working on blockchain-based digital deposit token - Bloomberg

JPMorgan Chase is looking into the use of a blockchain-based digital deposit token as a way of making cross-border payments and settlement faster, according to Blomberg.

11 September 2023

News/regulation

Ripple bags Nevada license through Fortress Trust acquisition

Ripple has acquired Fortress Trust, a financial institution that provides licensed Web3 financial, regulatory and technology infrastructure for blockchain outfits.

11 September 2023

News/markets

LSEG plans new blockchain-powered marketplace

The London Stock Exchange is drawing up plans for a new digital marketplace that would be built on blockchain technology.

04 September 2023

News/inclusion

Digital Dollar Project and Western Union pilot CBDC for cross-border remittances

The Digital Dollar Project says a pilot carried out with Western Union into the use of CBDCs for cross-border remittances has found a host of potential benefits.

24 August 2023