#settlements News

Blockchain Technology Can Scale to 100 Million Equity Trades per Day, DTCC Study Claims

DTCC Studying DLT for Digital Asset Tokenization and Settlement

May 19, 2020 by Osato Avan-Nomayo at Blockchain

Financial markets infrastructure provider, Depository Trust & Clearing Corporation (DTCC), is exploring the possibilities of utilizing distributed ledger technology (DLT) for digital asset tokenization and optimizing settlement processes. Improving Settlement and Token Security According to Finextra, New York-headquartered financial market infrastructure company DTCC has announced two new studies geared towards...

BRICS Business Council Greenlights the Launch of a Single Cryptocurrency Payment System

November 15, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

In a bid to facilitate swift payments between BRICS countries, the BRICS Business Council has proposed the creation of unifying cryptocurrency in a forum in Brazil. The crypto asset will be used as a single payment system for settlements between member countries of the union, according to an RBC report...

Pakistan: Ripple (XRP) Partners with Major Islamic Commercial Bank

September 9, 2019 by Aisshwarya Tiwari at Altcoins

According to a Crowdfund Insider report published on September 8, 2019, major Pakistani bank, Faysal Bank Limited (FBL) has partnered with fintech firm, Ripple Inc. to launch a blockchain-powered digital payments solution. Enabling a Blockchain Economy One of Pakistan’s largest commercial banks, FBL has more than 220 retail branches across...

Sale of Ripple (XRP) Tokens Blamed for Collpase in Value

August 25, 2019 by Edoardo Vecchio at Altcoins

According to an article published by Bloomberg on August 23, the reason why XRP price has been falling during 2019 could be due to a continuous sale of XRP by Ripple. In response, people have started an online petition on change.org called “stop Ripple dumping”. What Happened to Ripple? Bitcoin...

Australian Bank Completes Blockchain-Based Logistics Trial to Send Almond Shipment to Germany

Australia’s ASX Delays the Blockchain System Rollout by 6 Months

September 5, 2018 by Cindy Huynh at Adoption, Blockchain, Business, Finance, News

The Australian Securities Exchange (ASX) stated on Tuesday, September 4, 2018, that it will delay its transition to blockchain technology by six months to allocate more time towards user development and testing. ASX Extends Timeframe According to Reuters, the ASX announced in 2017 that it would replace its existing Clearing...

Blockchain FX Startup Cobalt Attracts Citadel Securities and XTX Markets to its Service

May 12, 2017 by Alex Lielacher at Blockchain, Business, Finance, News

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...

Indian uTrade Unveils Blockchain Clearing and Settlement Platform, Partners with GMEX Group

June 15, 2016 by Diana Ngo at Business, Finance, News, Tech

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...

Blythe Masters Equates Bitcoin with Early Days of Internet

September 20, 2015 by Joseph Young at Business, Finance, News

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...