Latest Blockchain News: Finextra Research

DBS joins Hedera Governing Council

DBS has become the first bank in South East Asia to take a seat on the Hedera Governing Council, establishing a network node on the enterprise grade distributed public ledger.

27 October 2021

Company update/crypto

ComplyAdvantage tackles financial crypto crime with Elliptic

ComplyAdvantage, a global data technology company transforming financial crime detection, and Elliptic, the global leader in crypto asset risk management solutions, today announced a new blockchain analysis and transaction monitoring tool that will help crypto firms detect and avoid financial crime.

26 October 2021

Company update/payments

Ripple scores first ODL deployment in Middle East

With $78 billion in remittances in 2020 from Saudi Arabia and United Arab Emirates (UAE) combined, the Middle East and North Africa (MENA) region is home to two of the top three remittance corridors in the world.

26 October 2021

Company update/markets

Valk achieves $4bn in deals managed on its platform

Market-leading private market digital platform VALK is building for expansion after achieving $4 billion-plus in assets and deals managed on its platform in a year as it continues rapid growth which has seen more than 70 financial institutions across Europe, North America, the Middle East, South America and Africa using its technology in 2021.

22 October 2021

Company update/payments

Al Ansari Exchange joins RipplenNet

Today, we’re thrilled to announce that UAE-based foreign exchange and worldwide money transfer company, Al Ansari Exchange has joined RippleNet.

20 October 2021

Company update/crypto

Lukka buys Blox Finance for crypto data services

Lukka, the leading enterprise crypto asset data and software provider, announced that it has acquired Blox Finance, the Cryptocurrency Accounting, Tracking and Management Software subsidiary of Blox, ETH staking and decentralized infrastructure provider.

20 October 2021

Company update/wholesale

Contour teams with Gleif to enable LEI usage on digital trade finance network

Contour, the digital trade finance network, has partnered with the Global Legal Entity Identifier Foundation (GLEIF) to enable the use of Legal Entity Identifiers (LEIs) within its network and to financially support its members in obtaining their own LEI.

20 October 2021

Company update/markets

FundsDLT and UBS AM explore blockchain-based fund distribution

FundsDLT and UBS Asset Management (UBS AM) have successfully concluded a proof-of-concept pilot that aimed to explore a front-to-back blockchain-based investment fund distribution model.

20 October 2021

News/crypto

Facebook pilots Novi, but without Diem

Facebook is launching a small pilot for its Novi digital app. However, it does not involve the Diem stablecoin, instead utilising the USDP (Pax Dollar) through partnerships with Paxos and Coinbase.

19 October 2021

News/crypto

France tests CBDC issuance in treasury bond blockchain trial

A consortium of institutions led by Euroclear have completed a test run of the use of central bank digital currency (CBDC) for settling French treasury bonds on a blockchain.

19 October 2021

Company update/regulation

Archax completes first raise for Montis Digital using Primary Issuance Platform in FCA sandbox

Archax, the only UK regulated and registered digital securities exchange, broker and custodian, today announced that it has completed the first fundraise on its Primary Issuance Platform working with DLA Piper.

19 October 2021

Company update/markets

Cais and Digital Asset to explore application of DLT at intersection of wealth and investment

CAIS, the leading alternative investment platform, and Digital Asset, the creators of the Daml multi-party application platform, today announced a working collaboration to explore specific use cases for blockchain, distributed ledgers, and smart contracts at the intersection of wealth management and alternative investments.

18 October 2021

News/Sibos

Sibos 2021: Collaboration and discipline is required for digital asset and CBDC success

Day three of Sibos started with a future facing perspective in the form of two morning sessions covering developing and upcoming digital technologies, including as CBDCs, DeFi, and NFTs, reiterating that these areas of innovation remain hot topics of interest.

14 October 2021

News/crypto

Coinbase preps NFT marketplace

Coinbase is joining the NFT party, creating a decentralised marketplace where users can mint, collect and trade non-fungible tokens.

12 October 2021

News/crypto

R3 acquires stablecoin issuance platform Invo

Enterprise blockchain outfit R3 has acquired the technology and team of financial asset tokenization specialist Ivno, expanding its capabilities in the digital assets and currency space.

12 October 2021

Company update/crypto

BlockWRK releases cryptro-rewards app and Visa card

BlockWRK, issuer of the federally approved WRK token, announces the launch of its blockchain-powered employee rewards app and Visa card.

11 October 2021

News/Sibos

McKinsey: Firms should prepare for the ‘inevitable changes’ of CBDC

McKinsey’s annual Global Payments Report released on day one of Sibos 2021, outlines a positive, albeit unbalanced, return to growth across the sector after Covid-19, underscoring the action firms should take in anticipation of widespread digital currency adoption.

11 October 2021

News/crypto

Banco Hipotecario and Open Bank Project bid to facilitate bitcoin adoption in El Salvador

In the wake of El Salvador's embrace of bitcoin, one of the country's leading banks has enlisted the company behind the Open Bank Project to help facilitate adoption of the cryptocurrency.

07 October 2021

News/crypto

MoneyGram and Stellar team on instant crypto-to-cash transfers

Having tipped its nose at Ripple, MoneyGram has formed a partnership with rival blockchain network Stellar to support instant money transfers using the USDC stablecoin.

07 October 2021

Company update/crypto

Auto1 FT introduces car financing on blockchain

Auto1 FT, the leading financial partner of the automotive industry, is eliminating all manual input and paper processes in its core business, car financing.

07 October 2021