Tag: settlements

UK-based fintech startup Cobalt has added electronic trading houses Citadel Securities and XTX Markets to its impressive list of participants who have committed to become users of its new blockchain-based institutional forex settlements platform. Cobalt has developed a post-trade processing system for the currency market that utilizes distributed ledger technology to increase the processing time for trades as well as…

READ MORE

U.K.-based Global Markets Exchange Group (GMEX Group) has announced the integration of uClear, a real-time clearing and settlement platform that uses blockchain technology. Launched today, uClear is a product of uTrade Solutions, based in India, that enables real-time clearing and settlement of contracts across the cash and derivatives segments of the financial markets. Built on Multichain, the solution is aimed…

READ MORE

In a seminar titled “Blockchain: The Financial Challenge of our Time” hosted by CNBC and the Singularity University, former JPMorgan executive and one of the most powerful women on Wall Street, Blythe Masters, gave an exclusive talk about bitcoin, its advantages, and its efficiency in settling transactions and payments. The main reason for the banks’ increasing interests in blockchain technology…

READ MORE