blockchain

blockchain, Financial Services Agency, G20, Japan

The Financial Services Agency Japan (JFSA) and Nikkei announced the launch of a new global network named Blockchain Governance Initiative Network, which aims at providing an open and neutral sphere…

ING invests in seclending blockchain platform HQLAx

March 9, 2020

blockchain, collateral, HQLA, HQLAx, ING, Securities Lending

ING has invested in securities lending platform HQLAx, which went live in December 2019. ING’s blockchain team developed the initial version of the HQLAx application, which uses blockchain to facilitate…

J.P. Morgan blockchain report tracks mainstream adoption

March 9, 2020

bitcoin, blockchain, clearing and settlement, cryptocurrencies, DLT, J.P. Morgan, MMF, stablecoins

J.P. Morgan released its annual update on the latest developments in the adoption, evolution and performance of blockchain technology and cryptocurrencies. It now includes analysis of stablecoins and the rise…

Credit Suisse, Instinent settle first US securities trade using Paxos blockchain, SocGen next

February 22, 2020

blockchain, Credit Suisse, Instinet, Paxos, settlement, Societe Generale

Paxos, a New York-regulated financial institution that digitizes and mobilizes assets, announced it launched a service that can now settle select US-listed equity trades between broker-dealers Credit Suisse and Instinet.…

Sweden Riksbank in first for CBDC pilot, simulation testing of e-krona

February 22, 2020

blockchain, CBDC, Central Banks, DLT, Sveriges Riksbank, Sweden

The Riksbank is conducting a pilot project with Accenture to develop a technical solution for an e-krona that can work as a complement to cash. The aim of the project…

Collateral as data: State Street and UBS on “shift-left” and multi factor security (Premium)

February 12, 2020

Collateral Management, Technology

artificial intelligence, blockchain, cloud technology, cybersecurity, Quantum Computing, State Street, topstory, UBS

Whereas the breakdown of silos across organizations is seen as a net positive, this trend has its own set of cyber risks. Adeel Saeed, State Street’s chief information officer, says…

Tel Aviv’s seclending blockchain moves forward with new partner

February 10, 2020

blockchain, BTP, Securities Lending, Tel Aviv Stock Exchange

Blockchain Technology Partners (BTP) announced its partnership with the Tel Aviv Stock Exchange (TASE) to ensure the production readiness of its blockchain securities lending (BSL) platform and provide ongoing support…

BBVA: 5G, quantum computing and blockchain will mark the next decade in banking

January 24, 2020

5G, artificial intelligence, BBVA, blockchain, decentralized, Quantum Computing

2019 has seen the first 5G networks rolled out and the first achievements in quantum computing, as well as the establishment of various financial initiatives using blockchain. These three technologies…

Cash-collateral markets taking shape on the blockchain (Premium)

January 15, 2020

Blockchain, Repo, Securitization, Technology

blockchain, cash management, Dai, Ethereum, ICOs, MakerDAO, repo markets, Securitization, stablecoin, topstory

There’s more than a few misconceptions about how decentralized finance (DeFi) is working its way into the traditional finance industry. We spoke with Akiva Dubrofsky, CEO of Akiva Capital Holdings,…

EU expert group makes 30 recommendations to ramp up fintech

December 13, 2019

artificial intelligence, bigtech, blockchain, cryptoassets, DLT, European Commission, fintech, regtech, suptech

Established by the European Commission, an Expert Group (EG) released a report on its mandated review of the application and suitability of the European legal and regulatory framework to fintech…

Spain’s bourse launches blockchain-based collateral pledge management service

December 12, 2019

blockchain, BME, collateral management, DLT

Bolsas y Mercados Españoles (BME) has successfully launched the process for the digitization of the certification of collateral pledge using blockchain technology, eliminating the need to use and exchange physical…

SIX Digital Exchange gears up infrastructure for institutional crypto (Premium)

November 27, 2019

Blockchain

blockchain, DLT, post-trade, SDX, SIX, topstory

The Swiss Stock Exchange (SIX) is building a fully integrated issuance, trading, settlement and custody infrastructure for digital assets, named SIX Digital Exchange (SDX). Finadium speaks with SDX’s head, Tomas…

AFX announces AMERIBOR on the blockchain

November 22, 2019

AFX, Ameribor, blockchain

American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing for American banks and financial institutions, announced the launch of its AMERIBOR on the blockchain. AFX now mints…

CFTC chair says blockchain tech could overtake internet

November 20, 2019

bitcoin, blockchain, CFTC, crypto regulation

US Commodity Futures Trading Commission chair Heath Tarbert joined CNBC’s “The Exchange” for an interview on digital assets. Here are some of the highlighted quotes: Importance of US leadership in…

How Fnality is advancing wholesale blockchain settlement (Premium)

November 20, 2019

Blockchain, Settlements

blockchain, CBDC, DLT, Fnality, topstory, utility settlement coin

Finadium has been following the evolution of UBS’ utility settlement coin (USC) as it shifts from consortium to company. We speak with Olaf Ransome, chief commercial officer at Fnality, about…

Institutional crypto weekly roundup

November 13, 2019

AFME, Bakkt, blockchain, crypto assets, crypto custody, crypto exchanges, crypto regulation, cryptocurrencies, Cyberian, DLT, FSB, GLI, J.P. Morgan, Japan, LSEG, MAS, MUFG, Progmat, Project Ubin, security tokens, stabecoins, Temasek

Our weekly list of announcements about how capital markets participants and regulators are engaging with digital assets. MAS, J.P. Morgan, Temasek develop blockchain-based prototype for multi-currency payments The Monetary Authority…

TSD: Malyasia bourse completes first blockchain PoC for securities lending

November 1, 2019

blockchain, Bursa Malaysia, SBL, Securities Lending

Bursa Malaysia has completed its first securities borrowing and lending proof-of-concept (SBL PoC 1) blockchain technology solution. It was executed and tested with technology partner Forms Syntron Information, a subsidiary…

Institutional crypto weekly roundup

October 30, 2019

Bakkt, bitcoin futures, blockchain, Canada, CBDC, China, crypto regulation, IBM, ICO, OMFIF, Ontario Securities Commission, retail, Thailand, TokenGX

Our weekly list of announcements about how capital markets participants and regulators are engaging with digital assets. Credit Suisse, SocGen to use Paxos blockchain settlement for US equities Paxos Trust…

A pan-Asian collateral stablecoin? Why it may be worth taking seriously (Premium)

October 24, 2019

Josh Galper

Asia, Blockchain, Collateral Management, Repo

Asia, blockchain, collateral, collateral baskets, Repo, stablecoins, tokens, topstory

We’re generally positive on blockchain-inspired solutions for collateral, securities lending and repo, but they’ve been slow to gain traction in part because existing platforms are also pretty efficient. In Asia…

Natixis, CIB, DBS, and National Bank of Canada among firms in collateral blockchain trial

October 16, 2019

blockchain, collateral technology, Corda, Ivno, National Bank of Canada, Natixis, R3, Raiffeisen, settlement tokens

Blockchain startup Ivno announced the successful completion of the first global token trial on R3’s Corda, hosted on Microsoft Azure. The Ivno Corda Trial was a world first with 28…

Institutional crypto weekly roundup

October 8, 2019

bitcoin, blockchain, CBDC, clearing house, crypto regulation, cryptocurrencies, DLT, DTCC, Federal Reserve Bank of Philadelphia, GSR Capital, KeyTango, MPC, options, Securities and Exchange Commission, Trade Information Warehouse

Our weekly list of announcements about how capital markets participants and regulators are engaging with digital assets. The Block: crypto clearinghouse places trades without collecting collateral in decentralization push KeyTango,…

HQLAx completes demonstration of blockchain securities lending model, plans Nov 2019 launch

September 24, 2019

Josh Galper

blockchain, HQLAx, Securities Lending

With the execution of multiple simulation transactions by several global banks including Commerzbank and ING, HQLAˣ successfully demonstrated its operating model, an innovative blockchain based solution for collateral swaps in…

Institutional crypto weekly roundup

September 23, 2019

Bank for International Settlements, Benoît Cœuré, blockchain, CPMI, Finteum, Fnality, FX, stablecoins, utility settlement coin

Fnality builds on utility settlement coin for FX trading without settlement risk Fnality and blockchain platform Finteum announced they are working together to deliver interoperability between the Finteum application, built…

Institutional crypto weekly roundup

September 19, 2019

Bank for International Settlements, BIS, blockchain, BNY Mellon, CPMI, crypto derivatives, crypto regulation, digital asset servicing, stablecoins, VanEck

Our weekly list of announcements about how capital markets participants and regulators are engaging with digital assets. Reuters: Germany passes blockchain strategy to fight parallel currencies Germany has passed a…

Blockchain Week: enterprise adoption is in the “age of consortia”

September 16, 2019

Blockchain

blockchain, crypto regulations, CSDs, DLT, Enterprise Ethereum Alliance, Fnality, ISITC, J.P. Morgan, topstory, UBS, utility settlement coin

When it comes to blockchain for enterprises, adoption is moving forward via consortium but is hitting a wall without regulations, said speakers at a recent Blockchain Week conference event in…

US regulators did something about crypto research fraud: where are we now?

September 2, 2019

Blockchain, Technology

blockchain, crypto regulation, cryptocurrencies, fraud, ICORating, Securities and Exchange Commission, topstory

In a move that seems to have surprised nobody, the Securities and Exchange Commission fined an ICO research firm with misleading practices. Russia-based ICORating agreed to pay almost $270k to…

Capital markets blockchain weekly roundup

August 15, 2019

Barclays, blockchain, CBDC, Coinbase, digitization, exchanges, fintech, PBOC

Our weekly list of announcements about how capital markets and regulators are engaging with digital assets. CoinDesk: Barclays ends banking relationship with crypto exchange Coinbase Barclays is no longer working…

Capital markets blockchain weekly roundup

August 6, 2019

blockchain, crypto regulation, Securities and Exchange Commission, Singapore

Our weekly list of announcements about how capital markets and regulators are engaging with digital assets. SEC’s Peirce talks about “non-exclusive safe harbor” for tokens in Singapore The Singapore University…

Capital markets blockchain weekly roundup

August 1, 2019

AWS, blockchain, CBDC, crypto assets, crypto regulation, FCA, MAS, Project Ubin, settlement, SGX

Our weekly list of announcements about how capital markets and regulators are engaging with digital assets. Crypto fund Incrementum’s report compares Libra v XRP in global currency competition Corporations like…

CAIA: quantum computing will mess up all expectations

July 16, 2019

blockchain, CAIA, Quantum Computing

News and Notes, News and Notes – Fintech

Advances in quantum computing could be a disruptive development for just about every business with an IT department, writes the Chartered Alternative Investment Analyst (CAIA) Association. Among much else, quantum…

India’s YES Bank makes blockchain commercial paper issuance

July 11, 2019

Josh Galper

blockchain, Commercial Paper, India, YES Bank

Financial technology solutions provider MonetaGo has today announced that a commercial paper has been digitally issued in Asia for the first time using blockchain technology. MonetaGo completed this transaction through…

Capital markets blockchain weekly roundup

July 10, 2019

blockchain, data management, NIST, smart contracts

Our weekly list of announcements about how capital markets and regulators are engaging with digital assets. SEC and FINRA release joint statement on broker-dealer custody of digital asset securities Market…

Cyber report: what’s happening for security in finance

July 9, 2019

Technology

artificial intelligence, blockchain, cybersecurity, quantum security, topstory

Data is a currency experiencing exponential growth, and cyber criminals are only too aware of it as the implementation of advanced technologies across industries creates “terrifying” new attack surfaces. Moreover,…

Reuters: L&G picks Amazon for first pensions blockchain deal

June 28, 2019

AWS, blockchain, Legal & General, pensions

British insurer Legal & General has teamed up with Amazon to establish what it said is the first blockchain system for corporate pension deals. The insurer said it would use…

Fintech weekly deals and partnerships roundup

FT: Vanguard and Ant Financial team up for mutual funds adoption in China Pennsylvania-based Vanguard has just agreed an investment advisory joint venture with Ant, a subsidiary of the Chinese…

Alibaba’s CVaaS: machines advance in reading and writing code

June 23, 2019

Artificial Intelligence, Technology

AI, Alibaba, AutoML, Big Data, blockchain, Bynet Expo, cloud, computer vision, machine learning

Last week, we stopped by ICT event Bynet Expo in Tel Aviv to see what’s being said about the AI, big data and blockchain spaces. Alibaba’s “Computer Vision as a…

Brazil’s regulators to create emerging technologies sandbox

June 19, 2019

artificial intelligence, blockchain, Brazil, Regulation, sandbox

Four Brazilian financial authorities (Special Finance Secretariat of the Ministry of Economy, Central Bank of Brazil, Securities Commission and Superintendency of Private Insurance) announced the intention to implement a regulatory…

Fintech weekly deals and partnerships roundup

ECB picks SIA And Colt for Eurosystem’s payments, securities and collateral infrastructures SIA, in partnership with Colt Technology Services, was awarded a 10-year license from a tender commissioned by the…

Regtech at crossroads: are more prescriptive vendor standards coming?

June 17, 2019

Artificial Intelligence, Technology

artificial intelligence, ASIC, blockchain, FCA, ICMA, machine learning, regtech

It’s becoming apparent that technology alone isn’t the answer for regulatory compliance, so what is? We spoke with JWG Group after its annual RegTech Capital Markets Conference to find out…

Reuters: blockchain needs to reconcile with settlement finality

June 15, 2019

blockchain, Clearing, DTCC, settlement

One area that has been often cited as a natural home for blockchain has been the clearing and settlement process in equity markets. Proponents have argued that the process could…

L&G launches world’s first blockchain reinsurance platform

June 12, 2019

blockchain, insurance firms, Legal & General

Legal & General Group announced the launch of estua-re, the first pension risk transfer execution platform driven by blockchain technology. It is a single ecosystem capable of driving every stage…

Are security tokens really a flop? We look back at predictions.

June 11, 2019

Blockchain, Technology

blockchain, security tokens, STOs

A recent article from Forbes came with a reminder of year-end predictions for institutional crypto, in particular how security tokens would roll out. The article, titled “Security tokens were supposed…

FSB report considers implications of decentralized financial technologies

June 6, 2019

blockchain, decentralized, DLT, fintech, FSB, G20

The Financial Stability Board (FSB) published a report on decentralised financial technologies. This report considers the financial stability, regulatory and governance implications of the use of decentralized financial technologies such…

CFTC’s Giancarlo takes stock of blockchain and “exponential” tech

June 5, 2019

blockchain, CFTC, crypto regulation, cryptocurrencies, DLT, fintech, Giancarlo

Excerpts from remarks of CFTC chair Christopher Giancarlo at Commissione Nazionale per le Societa e la Borsa (CONSOB), Rome, Italy, June 3, 2019, “The New Futurism: 21st Century Financial Markets,…

SCMP: Ping An plans to be advanced tech provider for Hong Kong banks

June 5, 2019

artificial intelligence, bigtech, blockchain, China, Hong Kong, NLP, Ping An

Ping An OneConnect, a virtual bank licence holder and the fintech arm of Ping An Insurance, is developing a range of technology that can help manage fraud and loan default…

MC: blockchain is a “game changer” for collateral management

May 31, 2019

Accenture, blockchain, collateral management

Implementation of blockchain in collateral management, if successful, can help stakeholders reduce operational costs and increase visibility on existing collateral, write Rajeev Nair and Sandip Sinha from Accenture Advanced Technology…

Bloomberg: Bundesbank prez says blockchain settlement slow and costly

May 31, 2019

blockchain, Bundesbank, settlement

A trial project using blockchain to transfer and settle securities and cash proved more costly and less speedy than the traditional way, Germany’s central bank president said. The experiment, launched…

CoinDesk: J.P. Morgan adds anonymity features to its blockchain

May 31, 2019

blockchain, crypto assets, Ethereum, J.P. Morgan, Quorum