Many industry observers are expecting the blockchain/distributed ledger technology (DLT) movement to yield real-world results (and tests) this year, which is making some entrenched concerns nervous and some rebels very happy. In fact, we reported on how HSBC has been using a DLT implementation internally to settle more than three million foreign exchange (FX) transactions… Read More >>
ING & Credit Suisse Test Blockchain for Securities Lending
ING, Credit Suisse Securities (Europe) Ltd., and lending solutions provider HQLAX report that they have recently executed a live securities lending transaction valued at €25 million ($31 million) that was settled using a blockchain platform, Corda, developed by vendor R3. Called “a groundbreaking transaction,” Credit Suisse and ING officials swapped baskets of securities via the… Read More >>
