#bonds News

California City Set to Revolutionize Bond Market With Blockchain Issuance Layer

December 20, 2019 by Ashwath Balakrishnan at Blockchain

Berkeley, California, is planning to raise $3-5 million via "micro bonds" using a blockchain settlement layer to bypass the ailments caused by middlemen. This could be the start of a new trend where residents are able to contribute to the improvement of their locality through interest-bearing financial instruments rather than...

Franklin Templeton Brings Money Market fund to Stellar Lumens (XLM) Chain

September 4, 2019 by Ashwath Balakrishnan at Altcoins

One of the world's largest asset management companies, Franklin Templeton, has announced they will run a government debt fund that records the ownership of units in the fund on the Stellar Lumens blockchain, September 3, 2019. The fund will not invest in cryptocurrency, rather, it will utilize the immutable nature...

Nomura Building Sitting on Large Stacks of Crypto

Nomura Announces BOOSTRY: A Blockchain Platform to Facilitate Exchange of Securities

September 3, 2019 by Ashwath Balakrishnan at Blockchain

Nomura Holding and Nomura Research Institute (NRI) have formed a joint venture to launch a blockchain platform to manage securities exchange. According to Ledger Insights, September 2, 2019, the venture has raised $11 million and will aim for a full product launch sometime in 2019. Nomura is one of the...

JPM Coin, Ripple Dash Ether Figures Power Gold

JP Morgan‘s Cryptocurrency to Begin Customer Testing This Year

June 25, 2019 by Eddie Mitchell at Altcoins, News

An interview with JPMorgan’s head of digital treasury services and blockchain Umar Farooq has revealed that the financial giant is getting ready to test out their JPM Coin with clients, as per a report from Bloomberg Japan, June 25, 2019. Trial Phase As per the report, Umar Farook disclosed that...

French Bank Societe Generale Issues $122 Million Covered Bond on Ethereum Network

April 25, 2019 by Aisshwarya Tiwari at Adoption, Blockchain, Finance, News

Societe Generale SFH, a subsidiary of one of Europe's largest financial services groups, Societe Generale Group, on April 23, 2019, announced that it had issued the first covered bond as a security token on the public Ethereum blockchain. $122 Million Bond on Ethereum Blockchain An increasing number of banks and...

Multiple Watering Cans Watering Pots of Coins

Crypto Bonds Pioneer Nivaura Completes Seed Round for Market Automation Project

February 28, 2019 by Priyeshu Garg at Adoption, Blockchain, Business, Development, Exchange, Finance, News

On February 27, Bloomberg reported that Nivaura Ltd, which issued the first cryptocurrency bond, has completed the first round of funding for its’ investment market automation project. Who Are Nivaura Ltd? Nivaura Ltd is a British startup that aims to bring a digital revolution to the capital markets, with a...

Islamic Bonds Look to Tap Into Blockchain Technology

October 26, 2018 by Priyeshu Garg at Adoption, Altcoins, Blockchain, Finance, News

The world of Islamic finance has traditionally been a relatively small one, hampered by its geographic spread and its fundamental incongruity with conventional finance, which is based on credit. An October 24, 2018, a Reuters report, however, paints a picture of a world of possibility opened up by blockchain technology...

Austria to Auction €1.15 billion Worth of Bonds on Ethereum’s Blockchain

September 28, 2018 by Nigel Dollentas at Altcoins, Blockchain, Ethereum, Finance, News, Regulation

The Austrian government announced on September 27, 2018, the auction of €1.15 billion ($1.35 billion) worth of government bonds on the Ethereum blockchain. The sale begins on October 2 with operations overseen by Oesterreichische Kontrollbank (OeKB), one of Austria’s biggest banks. First Time Western Government Uses Public Blockchain for Bonds...

World Bank Mandates the Commonwealth Bank of Australia to Issue Blockchain-Based Bonds

August 11, 2018 by Shaurya Malwa at News

Australia’s largest bank, Commonwealth Bank of Australia has been mandated by the World Bank to issue bonds created exclusively on blockchain platform, right from their creation, allocation and transfer to other potential bondholders. The announcement was made in a press release published on August 10, 2018, on the official World...

Lewisville Mayoral Candidate Promises New Municipal Cryptocurrency to Raise Funds

March 31, 2018 by Priyeshu Garg at Altcoins, Business, Finance, News, Regulation, Tech

Like many American cities, Lewisville, Texas, is struggling with an understaffed police force. With a population of over 100,000, the city had just one sworn police officer per 637 residents. The lack of adequate funds is often cited as one major impediment hindering the city administration’s ability to tackle the...

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