The Blockchain/distributed ledger technology (DLT) phenomenon is forging ahead amid mysteries, major projects at financial services firms and new alliances among top industry providers. As for mysteries solved, major financial services players are delving into the DLT underpinnings, which stem from the Bitcoin cryptocurrency whose inventor has been shrouded in mystery. That is until Monday,… Read More >>
Regulators Could Halt Blockchain’s Progress
CFTC Commissioner J. Christopher Giancarlo is calling on U.S. and European regulators and policymakers to take a “do no harm approach” toward the oversight of emerging distributed ledger technology (DLT), popularized by the blockchain underpinnings for cryptocurrency Bitcoin. Otherwise, DLT’s growth is at “risk of being stymied by disparate and uncertain regulation,” says Giancarlo, who… Read More >>
Q&A: Could Blockchain Really Be a Revolution?
(The securities industry is jumping on the distributed ledger/blockchain technology bandwagon at a record pace and with widespread support. The underlying backbone of cryptocurrency Bitcoin-based transactions is having a life of its own among major Wall Street firms and industry organizations. FTF News got a few minutes with industry analyst Dr. Anshuman Jaswal, who is… Read More >>
DTCC & Digital Asset Launch Distributed Ledger Project for Repos
The DTCC, the industry post-trade utility and related services provider, and fintech startup Digital Asset Holdings are developing a solution based on distributed ledger technology, intended to help firms better manage the clearing and settlement of U.S. Treasury, agency, and agency mortgage-backed repurchase agreement (repo) transactions. The effort should yield a central counterparty process that… Read More >>
R3 Enlists 40 Banks in Fixed Income Blockchain Trial
The R3 distributed-ledger consortium, also known as R3Cev, has completed what it calls a successful trial of “five distinct blockchain technologies in parallel in the first test of its kind.” The trial “represented the trading of fixed income assets between 40 of the world’s largest banks across the blockchains, using multiple cloud technology providers within… Read More >>
Mizuho and Cognizant Launch ‘Record-Keeping’ Blockchain Project
Cognizant, a Teaneck, N.J.-based provider of information technology, consulting, and business-process outsourcing services, reports a strategic agreement with Mizuho Financial Group, based in Japan, to develop a “blockchain solution for secure record-keeping of documents among Mizuho Financial Group companies around the world.” Under the agreement, Cognizant will “design and develop a blockchain solution for Mizuho’s… Read More >>
Goldman Sachs, IBM Give Their Blessings to Digital Assets
Startup Digital Asset Holdings has hit a milestone amid the frenzy for Blockchain funding as the pioneer of distributed ledger technology for financial services firms reports that it has the financial endorsement of IT giant IBM and Wall Street powerhouse, the Goldman Sachs Group, Inc., raising the total for its recent funding round to more… Read More >>
Digital Asset Lands A-List Backers and $50M in Funding
Digital Asset Holdings, LLC, a New York City-based developer of distributed-ledger technology for the financial services industry, reports that it has “raised more than $50 million in funding” from several prominent financial industry players. The company’s new investors are: ABN AMRO, Accenture, ASX Ltd., BNP Paribas, Broadridge Financial Solutions, Inc., Citi, CME Ventures, Deutsche Börse… Read More >>
Ops Gets on the Blockchain Revolution Bus
Bitcoin, a so-called crypto-currency, may fade before anyone really understands what it was or how it could actually have prevailed in financial services. However, out of Bitcoin’s ashes has risen the humbly named Blockchain technology. The distributed ledger technology that has been propping up Bitcoin has come to the attention of major industry players. This… Read More >>
Why Nasdaq and Symbiont Vie for Blockchain Firsts
The rush to the first-mover status via Blockchain technology is heating up between Nasdaq and Symbiont, the maker of the Smart Securities platform for trading, clearing, settling and transferring financial instruments. These early adopters are vying for key milestones in securities operations that can be transformed by the Blockchain distributed ledger technology that underpins the… Read More >>
