Latest Blockchain News: Finextra Research

Libra begins journey to regulatory support with multi-currency model

Libra Association, responsible for the digital coin unveiled by Facebook last year, has applied for a payment system license from the Swiss Financial Market Supervisory Authority (FINMA), with significant changes made to the project that was met with widespread criticism last year.

16 April 2020

News/wholesale

WeBank to expand smart contract technology capabilities with Digital Asset

WeBank has entered a partnership with New York-based Digital Asset, to integrate smart contract technology with the blockchain platform FISCO BCOS.

16 April 2020

Company update/wholesale

Envoy partners TradeSun on AI document processing

Today, Envoy Group announces that it has teamed up with TradeSun to offer an automated document reviewing process which will significantly reduce the time taken to complete trade finance transactions.

15 April 2020

Company update/wholesale

Blockchain Association of Singapore launches

Today, the Blockchain Association Singapore (“BAS”) announced its official launch.

15 April 2020

News/wholesale

Rabobank slashes commodity trade finance timeline with blockchain

Cargill and Agrocorp, in partnership with Rabobank and other logistics partners, have completed a cross-continent commodity trade transaction of wheat from North America to Southeast Asia on a blockchain platform provided by Singapore-based dltledgers.

14 April 2020

News/crypto

Revolut backs cryptocurrency as safe haven amidst Coronavirus crisis

Revolut last week announced it is making cryptocurrency available to all its seven million customers, as central banks start injecting unprecedented stimulus into their economies to cushion the damaging effects of the Coronavirus pandemic.

09 April 2020

News/crypto

Banque de France plans CBDC experiments

France's central bank is calling for applications from firms interested in experimenting with the use of a digital euro for interbank settlements.

02 April 2020

Company update/regulation

EastNets reveals that 28 institutions are now receiving watchlist updates over blockchain

EastNets is pleased to announce that 28 financial institutions are now live users of a real-time watchlist feed, delivered securely over blockchain.

01 April 2020

Company update/wholesale

Contour partners with Chinsay following a successful transaction with Cargill and Rio Tinto

Contour, the open trade finance network, has today announced its partnership with Chinsay, the leading technology company in supply chain data capture and risk management, as an order partner to enhance its offering to trade finance professionals.

31 March 2020

News/crypto

SEB chief strategist: CBDCs could cause friction with commercial banks

Johan Javeus, chief strategist at SEB, tells Finextra Research about the tension that could emerge between central banks and commercial banks should the former circulate a digital currency directly to consumers.

30 March 2020

News/payments

SCB brings Ripple-powered cross-border payments to biz customers

Thailand's Siam Commercial Bank (SCB) is set to open up its Ripple-powered consumer cross-border payments mobile app to businesses.

30 March 2020

Company update/crypto

Sygnum Bank launches digital CHF token

Sygnum, the world’s first digital asset bank, has launched the Sygnum Digital CHF (DCHF), a settlement token pegged to the Swiss Franc.

27 March 2020

News/markets

ASX rips up go-live timetable for Chess replacement system

The Australian Securities Exchange is to delay the implementation of its long-awaited Chess replacement system due to the uncertainty created by the unfolding Covid-19 pandemic.

25 March 2020

News/retail

Mass Yapeal: Swiss startup targeting payday-to-payday customers with newly-acquired banking licence

Yapeal, a digital banking startup, which became Switzerland’s first fintech banking licensee earlier this month, has spoken to Finextra Research about the task of breaking new ground in a market dominated by giants such as UBS and Credit Suisse.

24 March 2020

News/payments

Thai fintech DeeMoney goes live on RippleNet

Remittance outfit DeeMoney has become the first non-bank institution in Thailand to process live transactions over RippleNet.

20 March 2020

News/markets

FundsDLT wins commercial backing

Clearstream, Credit Suisse Asset Management, the Luxembourg Stock Exchange, and Natixis Investment Managers are to give financial backing to FundsDLT, a blockchain-based technology platform for the investment fund industry.

17 March 2020

Company update/Blockchain

Credit Agricole to explore new frontiers in blockchain with Marco Polo trial

Following an evaluation period in 2019, Crédit Agricole CIB has announced that it is entering a pilot phase on the Marco Polo Network, one of the largest and fastest growing trade and working capital finance networks in the world, focusing on bringing significant efficiencies in trade, receivables and supply chain financing.

12 March 2020

News/payments

Bank of England calls for feedback on CBDC creation

The Bank of England is calling for input from industry and the public on the pros and cons of introducing a central bank digital currency (CBDC).

12 March 2020

Company update/Blockchain

AMF floats creation of European 'Digital Lab' for security token experiments in financial settlement

Legal analysis on the application of financial regulations to security tokens and precisions on bulletin board

12 March 2020

Company update/Blockchain

Alchemy partners with Skeps to build blockchain infrastructure for consumer loans

Alchemy Technologies, (“Alchemy”) a leading fintech infrastructure development company partners with Skeps, a decentralized marketplace for consumer loans built on blockchain technology.

11 March 2020