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Latest Results from /markets

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Broadridge to offer JPM Coin as settlement mechanism for DLR platform

JP Morgan has struck a deal to offer its JPM Coin digital token as a settlement mechanism for Broadridge's DLR (Distributed Ledger Repo) platform.

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BBVA charges forward with hostile bid for Banco Sabadell

Spanish incumbent bank BBVA launched a hostile takeover bid on Thursday to buy out rival Banco Sabadell.

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Canada fines Binance C$6m for AML violations

Cryptocurrency exchange Binance has been fined C$6 million by Canadian authorities for violating money laundering and terrorist financing laws.

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Cube RegTech rollup continues with acquisition of Reg-Room

Regulatory intelligence firm Cube has acquired US-based Reg-Room, the latest in a planned series of acquisitions to drive consolidation in the market for regulatory technology.

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US FS giants explore multi-asset settlement using share ledger tech

A host of major US financial services firms - including Citi, JP Morgan, and Visa - are taking part in a Regulated Settlement Network (RSN) proof-of-concept that will explore multi-asset settlement using shared ledger technology.

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KfW to issue blockchain-based digital bond

German bank KfW is preparing to issue its first blockchain-based digital bond in the form of a crypto security in accordance with the German Electronic Securities Act (eWpG).

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Danske Bank invests in United Fintech

Danske Bank has become the third institutional investor to invest in United Fintech, following in the footsteps of Citi and BNP Paribas.

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Robinhood Crypto warns it could face SEC action

Trading platform Robinhood says its cryptocurrency arm has received a Wells notice from the Securities and Exchange Commission, indicating that the US regulator is set to take enforcement action.

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JPMorgan unveils IndexGPT investing tool

JPMorgan Chase is using OpenAI’s GPT-4 model for a range of thematic investment baskets, according to Bloomberg.

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Digital Token Identifier to monitor crypto-derivative risk across G20

The Digital Token Identifier Foundation (DTIF) has announced that its Digital Token Identifier (DTI) will be deployed for the regulatory reporting of digital asset derivative trades across the G20.

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Binance founder Changpeng Zhao gets four month prison term

The founder of crypto exchange Binance, Changpeng "CZ" Zhao, has been sentenced to four months in prison in the US after pleading guilty to violating anti-money laundering requirements.

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Revolut vets launch crypto exchange

A group of former Revolut staffers have raised $6.5 million for hybrid cryptocurrency exchange X10.