Tagged: r3

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

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

Vanguard and Blockchain Startup Symbiont Are Developing Trading Platform for $6 Trillion Currency Market

The Vanguard Group, a registered investment advisor headquartered in Malvern, Pennsylvania with more than $5.3 trillion in assets under management, has teamed up with Symbiont, a crypto startup backed by Nasdaq Ventures. The partnership between Vanguard and Symbiont involves developing a trading platform for the… 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

Infosys Finacle & R3 Completes Global Trial of Blockchain Based Trade Finance

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY), announced on Monday it has completed its global blockchain trial in partnership with blockchain software company, R3. According to Infosys Finacle, a total of eighteen banking groups joined the test network of… 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

Mastercard Partners With R3 to Develop Blockchain-Powered Cross-Border Payment Solution

Mastercard announced on Wednesday it is teaming up with enterprise blockchain software provider R3 to develop and pilot a new blockchain-enabled cross-border payment solution. According to Mastercard, the solution will initially focus on connecting global faster payments infrastructures, as well as schemes and banks supported… Read More

R3 Teams Up With Fintech Wethaq to Digitize Islamic Capital Markets

Enterprise blockchain software firm R3 announced last week it has formed a new partnership with fintech Wethaq to build the “next generation” of financial market infrastructure to enable issuers, investors, central banks, and regulations to transact in Islamic capital markets. According to the duo, Wethaq’s… 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

Wall Street Blockchain Alliance Forms New Partnership With R3 For Corda Blockchain Platform

The Wall Street Blockchain Alliance (WSBA), a non-profit trade association with a mission to guide and promote comprehensive adoption of blockchain technology and crypto assets across global markets, announced on Tuesday it has formed a new partnership with R3 to develop applications and solutions on its… Read More

Swift Partners With R3 to Bring Benefits of GPI to DLT & Trade Ecosystems  

SWIFT, a global member-owned cooperative and provider of secure financial messaging services, announced on Wednesday it is bringing benefits of gpi to DLT and trade ecosystems through its new partnership with blockchain enterprise software firm, R3. SWIFT reported that to support the growing demand amongst trade ecosystems… Read More

Ohio’s Crypto Friendly Tax Portal Called “A PR Stunt”

Cleveland car dealer Bernie Moreno recently became the first businessperson in the entire US to pay company taxes in Bitcoin, thanks to the Ohio government’s new portal, “OhioCrypto.com,” where businesses can pay 23 different taxes in cryptocurrency, The Detroit Free Press (DFP) reports. “Digital currency and… Read More

Report: Expressed Corporate Interest in Blockchain Declining

The word “blockchain” and other related buzzwords are being uttered less by corporate executives in earnings calls and in presentations to investors and analysts, says Axios reporter, Courtenay Brown. “Analysts are also asking about it less,” she writes. According to the chart, “Mentions of blockchain, Bitcoin… 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

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