Tagged: corda

Tuhina Singh, Founder of Digital Securities Platform Propine, Shares Vision for the Future of Digital Assets

Propine Seeks to Power the Future of Digital Assets Singapore has long been a leader in Fintech. Innovative financial services have benefited from a supportive regulatory regime and an entrepreneurial population. Singapore is also a highly business-friendly, low tax jurisdiction and has emerged as a… Read More

Hex Trust Is Now the First Licensed Crypto Asset Custodian in Hong Kong to Integrate with R3’s DLT-based Corda Platform

Hex Trust has reportedly become the very first licensed crypto-asset custodian in Hong Kong to integrate its services with R3’s Corda platform. The integration will allow the blockchain or distributed ledger technology (DLT) platform to be used by Hex Trust’s virtual asset custody solution. R3… Read More

Enterprise Blockchain Firm R3 Hires former AWS & IBM Executive Dorothy Copeland

R3 an enterprise blockchain platform that has developed “Corda” and was founded with the support of multiple financial services firms, has hired Dorothy Copeland, as Global Head of Partner Ecosystem & Alliances. Copeland previously worked at both Amazon Web Services (AWS) and IBM. While at… Read More

Blockchain-based Supply Chain and Trade Finance Firm, Envoy Group, Acquires $13 Million in Funding

Blockchain-enabled supply chain and trade finance firm Envoy Group is reportedly planning to expand its operations beyond Latin America. This, after recently acquiring $13 million in funding from Alcedo Digital Ventures. Developed on R3’s Corda platform, Envoy aims to enhance the existing $17 trillion annual… Read More

Oman Oil and Orpic Group and HSBC Bank Oman SAOG Perform First Blockchain-based Trade Finance Transaction in the Country

Oman Oil and Orpic Group and HSBC Bank Oman SAOG have reportedly performed the first blockchain-based trade finance transaction in the Middle Eastern nation using R3’s Corda technology. According to a November 23 report from Oman Observer, Oman Oil and Orpic Group, the country’s largest… Read More

Swisscom, Deutsche Börse Settle Securities Transactions via DLT

Digital Securities Swisscom, Deutsche Börse and three other partners have successfully settled a securities transaction using tokenized shares via distributed ledger technology (DLT). Three banking partners participated in the digital asset transaction; Falcon Private Bank, Vontobel and Zürcher Kantonalbank. According to Swisscom, the proof of… Read More

Wethaq Completes Pilot of First Fintech Sukuk, Uses R3 Corda

Wethaq Capital has announced that it has issued the first pilot Sukuk on its securities market platform for the Islamic capital markets under the supervision of the Dubai Financial Services Authority (DFSA). Wethaq is operating under an innovation testing license issued by the DFSA. Mohammed… Read More

R3, Accenture and SAP Team Up to Build Gross-Settlement System Using Corda

Accenture (NYSE:ACN), SAP SE (NYSE:SAP) and R3 are working to build a real-time gross-settlement system to handle large payments between banks and other parties. In standard real-time gross settlement (RTGS) systems, electronic fund transfers are immediate. RTGS is often used for high-value transactions that must… Read More

Digital Securities Exchange Archax to Use R3’s Corda Enterprise Software for Post-Trade Activities

London-based Archax, an institutional digital securities exchange, announced on October 18 that it had teamed up with enterprise blockchain developer R3. The partnership between the two companies involves using R3’s Corda Enterprise software to manage post-trade activities on Archax’s platform. Archax provides a globally accessible… Read More

Blockchain-based Trade Finance Platform Marco Polo Is Testing Its First Trade Deal Between Russia and Germany

Marco Polo, a trade finance blockchain that has partnered over 20 banks, is testing its first trade deal between Germany and Russia. The company’s pilot was announced on October 11.  Russian’s Alfa-Bank and Novolipetsk Steel Company (NLMK) will take part in the pilot. Germany’s Commerzbank… Read More

Insurtech TrustLayer Exits Stealth Mode, Provides Insurance Verification Using Distributed Ledger Technology

Insurtech TrustLayer has exited stealth mode, according to a company release. TrustLayer provides an automated insurance verification platform using distributed ledger technology (DLT). The enterprise blockchain app will provide real-time updates on the R3 Corda distributed ledger ecosystem Simultaneously, TrustLayer announced a partnership with residential… Read More

Mastercard to Offer Blockchain based Payments in Partnership with R3 Using Corda, Crypto Industry Provides Comments

Mastercard (NYSE: MA) has announced a new partnership with R3 to use their Corda platform to power blockchain-based cross border payments. Corda is a permissioned blockchain that has the support of multiple financial services firms and has been experiencing additional traction. The partnership is said… Read More

Blockchain Based Letter of Credit Processed by HSBC on Voltron Trade Finance Platform

HSBC has processed a Yuan-denominated letter of credit using the Voltron platform. According to a report in Reuters, this is the first transaction of its type to use Yuan and the first to utilize the Voltron platform. Voltron explains their application as follows: “[Voltron] will… Read More

Engineers Bristling at R3, Some Claiming Corda Blockchain Unscalable

A dozen engineers who work or have worked for “blockchain” consortium R3 are contributing to a group chat critical of the company, The Block reports: “(T)he aforementioned group chat documents complaints ranging from R3’s so-called ‘poor’ company culture and concerns over its core, pay-to-use DLT… Read More

Project Inthanon: Bank of Thailand Pushes Forward with Central Bank Digital Currency

The Bank of Thailand is moving forward with developing a Central Bank Digital Currency (CBDC). The initiative labeled Project Inthanon, has developed a prototype CBDC in partnership with R3 and Wipro (NYSE: WIT). The Bank of Thailand is also working with eight commercial banks in… Read More

NatWest Launches Blockchain based Syndicated Loan Market to Address £3.5 Trillion Global Market

NatWest has announced the launch of a syndicated loan market built on blockchain. The goal is to “dramatically transform and streamline the global syndicated loans market.” NatWest partnered with Fusion LenderComm, a platform built by Finastra. The new platform will go-live in November. NatWest notes… Read More

UK: HM Land Registry is Investing Usage of Blockchain Using R3’s Corda

A note today from HM Land Registry indicates the government agency is investigating the use of blockchain for managing lan registration and the overall buying and selling process of property. More specifically, the agency is working with “Methods” a company that utilizes R3’s blockchain Corda…. Read More

Thai Central Bank Trialing R3 Distributed Ledger Among Mixed Reports of Enterprise DLT Performance, May Issue CBDC

Thailand’s central bank, the Bank of Thailand (BOT), has announced it is trialing a version of R3’s distributed ledger system, Corda, as a means of making wholesale funds transfers more efficient. R3’s distributed ledger will also be used by the BOT to issue a wholesale Central… Read More

Luxoft Update: Forms Partnership With R3 & Now Set to Lead Integration of Identity Management Applications on Corda

Luxoft Holding, Inc (NYSE: LXFT), a global IT service provider, announced on Tuesday it has formed a partnership with blockchain software firm, R3. The company also reported it will leading the integration of identity management applications on Corda, which is R3’s open source blockchain platform…. Read More

On Again, Off Again Blockchain Firm R3 Running Out of Money, Former Staff Claim

Enterprise blockchain developer R3 is running out of money, sources to Fortune magazine say.   R3 began as a startup in 2014, and tasked itself with creating blockchain products for banks and finance firms. It is considered to be one of Ripple’s main competitors. Blockchain… Read More

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