Tagged: dlt

April 26, 2017 @ 7:18 am By JD Alois  |  

Switzerland-based Fintech firm Lykke has announced it is “accelerating growth” by appointing Seamus Donoghue as Director of its Singapore office.  Lykke now has a presence in Switzerland, the UK, Cyprus, Vanuatu, the US and now Singapore.  Lykke is in the process of building a global… Read More

April 10, 2017 @ 10:24 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has published a discussion paper on distributed ledger technology (DLT) also commonly called Blockchain. The document was released today amidst of a flurry of Fintech related news as the Innovate Finance Global Summit kicked off in London.  The FCA… Read More

March 23, 2017 @ 5:23 pm By Cole Lyons  |  

SecureKey announced Monday that later this year it will release a blockchain-based service, giving customers the ability to control what classifying information they share with corporations. The Toronto-based identity management company’s new service has obtained the support of Canada’s top five banks. SecureKey’s new service… Read More

March 18, 2017 @ 1:01 pm By Xu Gao  |  

Highlights of China’s central bank’s briefing on financial reform & development Last Friday, the People’s Bank of China briefed media on China’s financial reform and developments on the sidelines of the Two Sessions in Beijing.‍ Officials attending the press conference included: Zhou Xiaochuan: Governor of… Read More

March 16, 2017 @ 11:03 pm By JD Alois  |  

Singapore-based Fintech startup Invictus has partnered with IBM (NYSE:IBM) to leverage their cloud and blockchain tech to power their order, logistic and payment platform (OLP). Invictus will also be working with the IBM “Bluemix Garage” in Singapore to design a distributed ledger (DLT) platform prototype on the… Read More

March 9, 2017 @ 8:49 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has concluded a “proof-of-concept project” to conduct domestic inter-bank payments using distributed ledger technology (DLT) also commonly referenced as Blockchain. The project, in partnership with R31 and a consortium2 of financial institutions, was first announced in November 2016. “This wholesale payments project… Read More

March 5, 2017 @ 6:24 pm By JD Alois  |  

Following the release of an important standards roadmap, the leading body for Australia’s Fintech industry said the country was well positioned to take advantage of emerging Blockchain technology or distributed ledger technology (DLT). Standards Australia has recently released its Roadmap for Blockchain Standards Report, which outlines how… Read More

March 5, 2017 @ 6:11 pm By JD Alois  |  

Standards Australia has published a roadmap for Distributed Ledger Technology (DLT) commonly called Blockchain. Dr. Bronwyn Evans, CEO of Standards Australia, said that Blockchain has the potential to support efficient and secure real-time transactions across a number of sectors, including financial services. She described Australia as… Read More

March 2, 2017 @ 7:09 pm By Xu Gao  |  

CBRC Releases “Guideline” to Regulate Funds Custody of Online Lending Platforms On February 23rd, the China Banking Regulatory Commission（CBRC)released new guidelines to regulate funds custody of online lending platforms. According to the guidelines, online lending platforms and banks must follow the regulation to restructure their funds… Read More

March 2, 2017 @ 8:57 am By JD Alois  |  

Lykke, a Swiss Fintech company building a blockchain-powered marketplace,  is reporting it has completed a three-week public offering of a 1-year forward equity contract. The offer, which was said to be oversubscribed, raised CHF 2 million for the company from more than 340 new investors…. Read More

February 22, 2017 @ 9:56 am By Xu Gao  |  

Hong Kong Securities & Futures Commission Joins R3 Blockchain Consortium The Hong Kong Securities and Futures Commission (SFC) announced it had joined the R3 blockchain consortium. Through this partnership, SFC will test applications of blockchain on record and settlement of securities and futures trading with the… Read More

February 22, 2017 @ 8:28 am By JD Alois  |  

The Bank of Canada is out with a paper that reviews the advent of digital currencies, IE Bitcoin, and how it may impact the more traditional type of fiat currency. Drawing a comparison to back in the day when private bank notes circulated alongside government issued… Read More

February 22, 2017 @ 4:00 am By JD Alois  |  

Bitbond has raised $1.2 million in equity capital to help boost global expansion. The Berlin-based online lending platform has now raised total funding of $2.3 million. The funding round was led by mobilike founder Şekip Can Gökalp, plus several angels investors including, Fyber founders Janis Zech… Read More

February 15, 2017 @ 11:29 am By Xu Gao  |  

PBOC Becomes the First Central Bank to Issue Digital Currency Just at the start of 2017, People’s Bank of China (PBOC) took a big step in the area of digital currency. According to its announcement, PBOC has managed to test digital bill trading with beta-digital… Read More

February 10, 2017 @ 2:57 am By JD Alois  |  

Singapore’s Committee on Future Economy (CFE) has identified seven strategies for Singapore’s next stage of growth in its report. Singapore has experienced an enviable period of economic growth and prosperity. The island city-state tmaintains one of the highest standards of living in the world. The… Read More

January 20, 2017 @ 1:18 pm By JD Alois  |  

FINRA has published a report (embedded below) on Blockchain or Distributed Ledger Technology (DLT) and its implications for the securities industry. The publication is entitled; “Distributed Ledger Technology: Implications of Blockchain for the Securities Industry.” FINRA, or the Financial Industry Regulatory Authority, is the self-regulatory organization… Read More

December 23, 2016 @ 8:19 am By Christian Catalini  |  

With a market capitalization of approximately $12 billion and with the price of Bitcoin reaching towards its 2016 high, Bitcoin is both the most established and the most secure cryptocurrency. Its ascendancy has triggered both a great deal of enthusiasm and a fair share of… Read More

December 23, 2016 @ 7:29 am By JD Alois  |  

Overstock (NASDAQ:OSTK)  has issued new shares utilizing distributed ledger technology (DLT) created by Fintech firm t0.com (t zero). The securities issues are said to be the first in history to be able to trade on an alternative trading system (ATS) using DLT. Trades settled on… Read More

December 22, 2016 @ 5:41 pm By JD Alois  |  

Axoni, a Fintech company that provides distributed ledger technology, has closed an $18 million Series A funding round. Wells Fargo, Euclid Opportunities and ICAP led the funding. Axoni’s total funding to date tops $20 million. The financing round also included participation from Goldman Sachs, J.P…. Read More

December 12, 2016 @ 9:55 am By JD Alois  |  

The Federal Reserve released a report on Distributed Ledger Technology (DLT) or Blockchain last week. The document reviews the potential and challenges for the new technology to disrupt and benefit financial services.  The Federal Reserve is correctly reviewing DLT – just as other central banks… Read More