Latest Blockchain News: Finextra Research

HSBC becomes first bank in the world to offer tokenised gold

HSBC has unveiled a platform that uses distributed ledger technology to tokenise the ownership of institutional clients’ physical gold held in the bank’s London vault.

02 November 2023

News/payments

HSBC tests tokenised deposit platform for global treasury payments

HSBC has successfully tested the use of tokenised deposits in intra-group treasury transactions using blockchain technology provided by China's Ant group.

01 November 2023

News/crypto

Thai bank buys stake in crypto exchange

Thailand's second-largest bank has acquired a 97% stake in a company that runs a crypto exchange.

30 October 2023

News/crypto

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

Company update/markets

R3 DLT underpins first live issuance of digital bond at Euroclear

R3’s enterprise distributed ledger technology (DLT) platform Corda underpinned the first live issuance of a digital bond with Euroclear’s International Central Securities Depository (ICSD).

24 October 2023

Company update/regulation

Crypto outfit Orbital receives Gibraltar licenses

Orbital, the crypto and traditional finance payments platform for global enterprises, has secured permissions from the Gibraltar Financial Services Commission (GFSC) to operate two separate entities, namely Pay Perform Digital Limited (PPDL) as a Distributed Ledger Technology (DLT) Provider and Pay Perform Gibraltar Limited (PPGL) as Electronic Money Issuer (EMI) in the jurisdiction. Orbital is the first group to receive both DLT and EMI permissions in this jurisdiction.

24 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

Company update/markets

SSimple and Delta capita join forces

SSImple, a SaaS DLT platform that aims to fundamentally change the way standing settlement instructions (SSIs) are stored, shared, and enriched across the financial services industry, today announced it has partnered with Delta Capita, a global capital markets consulting, managed services, and technology provider, to transform the way that financial institutions (FIs) manage SSIs.

17 October 2023

Company update/markets

Accredify collaborates with UBS on blockchain-based system for the private equity market

Accredify, Asia Pacific’s leading verifiable technology solutions provider, today announced its pilot of a revolutionary enterprise system, called Project CapitalView, which supports verifiable transactions in the Private Equity Market.

16 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

Company update/crypto

Delta Capita releases complete DLT suite

Delta Capita, a leading global capital markets consulting, managed services and technology provider, today announces the launch of its MACH Distributed Ledger product suite to enable the efficient design, implementation and execution of complex transaction processing.

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

Company update/security

Quant develops central bank-grade key management solution for blockchain transactions

Blockchain for finance pioneer Quant has launched a groundbreaking solution to make blockchain-based transactions more secure for banks and other institutions.

10 October 2023

Company update/markets

Pirum trials DLT for securities lendingg and repo

Pirum have successfully tested a DLT extension of their securities lending and repo post-trade solution.

09 October 2023

Company update/crypto

Ripple obtains in-principle regulatory approval in Singapore

Ripple, the leader in enterprise blockchain and crypto solutions, today announced that its Singapore subsidiary Ripple Markets APAC Pte Ltd, has obtained In-Principle Approval of the Major Payments Institution License application from the Monetary Authority of Singapore (MAS).

04 October 2023

Company update/markets

UBS Asset Management launches first blockchain-native tokenized VCC fund pilot in Singapore

UBS Asset Management has launched its first live pilot of a tokenized Variable Capital Company (VCC) fund.

03 October 2023

Company update/markets

Baton Systems launches automated settlement orchestration platform

Baton Systems, the global fintech digitally transforming post-trade processing through distributed ledger technology (DLT), has launched a game-changing digital solution providing firms with automated, comprehensive, and real-time control of their cash settlements.

02 October 2023

Company update/markets

UBS goes live opn Broadridge DLT-based repo platform

Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR), today announced that UBS successfully went live on Broadridge’s newly launched sponsored repo solution built on the DLT enabled Distributed Ledger Repo (DLR) platform.

02 October 2023

Company update/retail

Tap Global to launch in US

Tap Global Group Plc (AQSE: TAP), the regulated cryptocurrency app bridging the gap between traditional finance and blockchain technology, is pleased to announce its intention to launch in the United States, via its wholly owned subsidiary Tap Americas, through a partnership with Zero Hash LLC (“Zero Hash”), a Chicago-based B2B2C crypto infrastructure platform.

02 October 2023