Swedish financial services group SEB, which has total assets of SEK 2,777 billion ($341 billion), and the Nasdaq Stock Market are joining forces to develop a prototype for a mutual fund trading platform based on the vendor Chain Inc.’s blockchain ledger. The aim is to modernize and increase efficiency in the processing of purchases and… Read More >>
SETL & Asset Managers Launch Blockchain System for Record Keeping
London-based SETL, a financial blockchain specialist, has launched IZNES, the pan-European fund Blockchain-based, record-keeping platform together with four asset management firms — OFI AM, Groupama AM, La Financière de l’Échiquier, and Arkéa Investment Services. IZNES will enable firms to enter into new relationships with investors and manage the Know Your Customer (KYC) processes required by… Read More >>
BNP Paribas, Société Générale & Others Launch LiquidShare
Major European Players Back LiquidShare A European blockchain startup with a post-trade focus, LiquidShare, is being created via the support of BNP Paribas, CACEIS, Caisse des Dépôts, Euroclear, Euronext, S2Iem, Société Générale and Paris Europlace. The financial technology venture is the result of a partnership launched by its shareholders in June 2016 to develop a… Read More >>
Four Banks Test DLT-Based ECP Platform
Enterprise software vendor R3 (formerly known as “blockchain consortium”) and four of its member banks — ABN Amro, Commerzbank, ING, and KBC — have developed a prototype solution for the issuance of euro commercial paper (ECP) on the group’s Corda distributed ledger technology (DLT) platform. Participants in the project say that it will prove to… Read More >>
BNP Subsidiary, SmartAngels Create Preliminary DLT Platform
BNP Paribas Securities Services is moving ahead with a key element of its embrace of blockchain/distributed ledger technology (DLT) via the completion of an initial phase of its partnership with SmartAngels, the Paris-based maker of a crowdfunding platform for equities. For their first deliverable, BNP Paribas Securities Services and SmartAngels are launching a share register… Read More >>
IBM, Synechron Look to Accelerate Blockchain Acceptance
The blockchain/distributed ledger technology (DLT) revolution is gaining more ground as established IT providers such as IBM and newer players such as Synechron, a financial services consulting and technology services provider, are deepening their commitment to the cutting-edge development environment. For instance, Synechron officials say that they are going to launch blockchain accelerator applications on… Read More >>
Could Blockchain/DLT Shift the Proxy Paradigm?
(Editor’s note: Service provider American Stock Transfer and Trust Company (AST) recently announced that it will launch a solution that uses cutting-edge blockchain/distributed ledger technology (DLT) for proxy vote tabulation. This new service is slated for the start of the 2018 proxy season. AST worked with NuArca, a blockchain/DLT solution provider, on the new offering,… Read More >>
ECB Expresses Worries over Blockchain/DLT
Although there have been several initiatives, the European Central Bank (ECB) still does not believe that blockchain/distributed ledger technology (DLT) is mature enough to be used for its Eurosystem market infrastructure for the near future. The Eurosystem is the monetary authority of the eurozone, consisting of the ECB and the national central banks of the… Read More >>
Broadridge Applies Blockchain/DLT to Proxy Process
JPMorgan, Northern Trust & Banco Santander Aid Broadridge Pilot This is the season for blockchain/distributed ledger technology pilots as Broadridge Financial Solutions, JPMorgan, Northern Trust and Banco Santander have announced that they been working on a pilot test project that uses blockchain technology to improve “global proxy vote transparency and analytics,” officials say. The… Read More >>
Bloomberg Tradebook Launches OPTX to Overhaul Trade Execution
OPTX to Work with Bloomberg Professional Services International agency broker Bloomberg Tradebook is attempting to overhaul the agency business model with the launch of the OPTX single platform that exploits quantitative data models and analytics to optimize order routing and other aspects of electronic execution operations. Bloomberg Tradebook works with buy- and sell-side firms to… Read More >>
