Latest Blockchain News: Finextra Research

Company update/crypto

BIS Project Dynamo develops smart contract prototype for SME finance

A new prototype developed as part of Project Dynamo explored how institutional investors can be encouraged to finance small and medium-sized enterprises (SMEs) through the programmability and transferability of digital trade tokens on a public blockchain.

08 June 2023

News/payments

Swift steps up blockchain experimentation

Swift is working with more than a dozen financial institutions and market infrastructures to test the use of its messaging network as a means to instruct the transfer of tokenised value over a range of public and private blockchain networks.

07 June 2023

Company update/markets

After blockchain bungle, ASX confirms work programme to maintain Ches

ASX today released a special report relating to CHESS, the clearing and settlement system for Australia’s securities market.

05 June 2023

Company update/crypto

Paxos makes Latin American inroads

Paxos, the regulated blockchain infrastructure and tokenization platform for enterprises, continues driving the growth of digital assets in Brazil and broader Latin America through its partnerships with leading local, regional, and global enterprises.

01 June 2023

Company update/payments

Standard Chartered and Singapore FinTech Association publish blockchain paper

Standard Chartered, together with the Singapore FinTech Association (SFA) as its knowledge partner, have today published the ‘Deepening Sustainability with DLT’ paper that explores how different stakeholders can work together to improve payment transparency in supply chains.

31 May 2023

Company update/markets

Gmex and Tokenovate execute smart contract for VCC derivatives trades

Tokenovate, a financial services company providing distributed financial market infrastructure (dFMI) enabling programmatic lifecycle event management of the pre-trade to post-trade workflow for OTC and Exchange traded derivatives, and ZERO13, a GMEX Group initiative, have announced the successful execution of the world's first smart legal contract for voluntary carbon credit (VCC) derivatives trades referencing the 2022 ISDA (The International Swaps and Derivatives Association) Verified Carbon Credit Transactions Definitions.

31 May 2023

Company update/crypto

Gulf Binance granted digital asset licenses in Thailand

Gulf Binance Co., Ltd., (“Gulf Binance”), has been granted digital asset operator licenses by the Thailand Ministry of Finance through the Securities and Exchange Commission (“SEC”) in Thailand. Gulf Binance is a joint venture between Binance and Gulf Innova Co., Ltd. (“Gulf”) following a 2022 agreement between the two organizations to set up a digital asset exchange in Thailand. Having secured these licenses, Gulf Binance will be able to operate as a digital asset exchange and digital asset broker and is set to launch in Thailand in the fourth quarter of 2023.

26 May 2023

Company update/wholesale

Polymesh joins NayaOne network

Polymesh, the leader in public-permissioned blockchain, announced today its integration into the ecosystem of NayaOne, a leading digital transformation platform for the financial services industry.

25 May 2023

Company update/markets

Trades executed on Broadridge's blockchain-based repo platform

Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR), today announced that DRW, Societe Generale and another global tier 1 bank have successfully executed intraday repo transactions on Broadridge’s Distributed Ledger Repo (DLR) platform.

23 May 2023

News/crypto

NY Fed and MAS find promise in CBDC for cross border payments

Distributed ledger technology can be used for cross-border, cross-currency payments between different CBDC ledgers, reducing settlement risk and cutting settlement time, according to research from the Monetary Authority of Singapore and the Federal Reserve Bank of New York.

22 May 2023

News/crypto

Ripple buys crypto custody provider Metaco

Blockchain firm Ripple has acquired Swiss crypto custody player Metaco in a $250 million deal.

17 May 2023

News/crypto

Emirates NBD opens Digital Asset Lab

Emirates NBD has opened a Digital Asset Lab to develop fresh ideas for consumer-facing financial services using digital assets and their underlying technologies.

17 May 2023

News/markets

GFMA calls for regulators to take more innovative approach to DLT in capital markets

A new report from the Global Financial Markets Association (GFMA) claims that distributed ledger technology can have "transformative benefits" for capital markets but that regulators need to take a more innovative approach.

17 May 2023

Company update/crypto

BBVA Switzerland publishes blockchain education course

Cryptocurrencies and blockchain technology are everyday topics that have emerged as a new form of global economy.

11 May 2023

News/crypto

Visa uses CBDC for programmable finance prototype for farmers

Taking up a challenge from Brazil's central bank, Visa has built a prototype of a programmable finance platform for farmers using a CBDC.

10 May 2023

News/markets

Finance heavy-hitters back interoperable financial blockchain network

BNP Paribas, Goldman Sachs and Deutsche Börse Group are among a clutch of financial market participants to have have thrown their weight behind an initiative to build an interoperable blockchain network designed for institutional asset trading.

09 May 2023

Company update/regulation

Deloitte to use Kilt blockchain to issue re-usable digital credential for KYC and KYB processes

BOTLabs GmbH, developer of KILT Protocol, and Deloitte Consulting AG today announced the integration of KILT blockchain technology for issuing reusable digital credentials to support KYC and KYB processes.

04 May 2023

Finextra TV/identity

The Innovation Pushing Digital Identity Forward: Part 2

Stephen Curran, Chair of the Board Of Trustees Sovrin Foundation, Identity Consultant, speaks with Andrew Smith, RTGS.global, in FinextraTV’s Tech Uncovered Series. Continuing their discussion, they examine innovations driving digital identity including blockchain, offline verification of identity, anonCreds, privacy-protecting technology, linked secrets, and zero knowledge proofs.

04 May 2023

Finextra TV/identity

The Innovation Pushing Digital Identity Forward: Part 1

Stephen Curran, Chair of the Board Of Trustees Sovrin Foundation, Identity Consultant, speaks with Andrew Smith, RTGS.global, in FinextraTV’s Tech Uncovered Series, discussing digital identity, covering the topics of self-sovereign identity (SSI) and Sovrin, verifiable credentials (VCs), the use of blockchain for identity, scalability of blockchain-based identity, and resilience.

04 May 2023

Company update/startups

SaaS DLT platform for post-trade SSimple launches

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 launched its post-trade offering following an extensive testing period.

02 May 2023