Tagged: settlement

November 24, 2023 @ 10:59 am By Omar Faridi  |  

Former CEO and Binance founder Changpeng Zhao‘s (CZ) departure from the firm will trigger some short-term volatility in the cryptocurrency market, but crypto will “continue to thrive as more institutional money pours in,” predicts the CEO of an independent financial advisory, asset management and fintech… Read More

August 21, 2023 @ 8:56 pm By Omar Faridi  |  

With the integration of Copper’s ClearLoop network, institutional clients can now securely store their digital assets in Copper’s MPC (multi-party computation) wallet while enjoying rapid settlement when trading on Bitget. Bitget, a crypto derivatives and copy trading platform, announces “the successful integration with Copper’s ClearLoop… Read More

August 1, 2023 @ 7:32 pm By Omar Faridi  |  

Corpay, a FLEETCOR (NYSE: FLT) brand and global leader in business payments, is pleased to announce that Corpay’s Cross-Border business has launched Netting Manager, a comprehensive solution that streamlines and automates the settlement process of internal invoices for corporations with global subsidiaries. Netting Manager allows… Read More

July 23, 2023 @ 10:29 pm By Omar Faridi  |  

BNY Mellon (NYSE:BK) announced it is now live on the Federal Reserve’s new instant payment rail, the FedNow Service, making it one of the first banks to begin sending and receiving payments from participating institutions and support payment activity through settlement or liquidity services. FedNow… Read More

July 14, 2023 @ 11:40 am By Omar Faridi  |  

Gemini Fund Solutions (GFS) says it is the one of the leading providers of custody, clearing/settlement, trading, and other capital markets services that have been specifically designed “for crypto exchange-traded funds (ETFs), closed-end funds (CEFs), and other fund vehicles.” Founded in 2020, GFS is reportedly… Read More

July 10, 2023 @ 7:01 pm By Omar Faridi  |  

PhonePe announced the launch of its Point-of-sale (POS) device that enables merchants to accept payments via Debit Cards, Credit Cards and UPI, providing them with a simple and seamless settlement experience. The device comes preloaded “with the PhonePe POS App and supports transactions through tap/swipe/dip and… Read More

June 19, 2023 @ 6:52 pm By Omar Faridi  |  

SimpleNexus, an nCino (NASDAQ: NCNO) company and developer of the U.S. homeownership platform for loan officers, borrowers, real estate agents and settlement agents, announced a new integration with Empower, Black Knight’s loan origination system (LOS). The bidirectional integration, “available to financial institutions including independent mortgage… Read More

September 27, 2022 @ 7:42 pm By Omar Faridi  |  

Visa (NYSE: V), one of the world’s leaders in digital payments, has announced its participation in the Canadian expansion of instant transfers, Square‘s solution for rapid merchant settlement. Square’s instant transfers are “enabled by Visa Direct, a VisaNet processing capability helping transform global money movement… Read More

September 19, 2022 @ 10:57 pm By Omar Faridi  |  

Upvest has selected BNP Paribas Securities Services to provide custody, clearing and settlement services. Recently, Upvest successfully “closed its $42m Series B financing with lead investor Bessemer Venture Partners – one of Germany’s biggest fintech fundings of the year.” The selection of BNP Paribas Securities… Read More

July 27, 2022 @ 10:47 am By Omar Faridi  |  

As from today, all Austrian and Spanish government debt securities cleared by LCH SA’s RepoClear service are “available for settlement through Clearstream Banking AG.” The two new markets “complement the existing proposition for Belgian, French and German government debt.” RepoClear clearing members can now “choose… Read More

July 13, 2022 @ 12:59 pm By Omar Faridi  |  

Clearstream has introduced data-powered solutions providing key insights into past, present and future of settlements: the Settlement Dashboard and the artificial intelligence (AI)-enhanced Settlement Prediction Tool. Market participants are planning to boost their settlement efficiency and liquidity with the Settlement Discipline Regime (SDR) coming into… Read More

February 23, 2022 @ 9:05 am By JD Alois  |  

tZERO ATS, a digital securities marketplace, now offers clearing and settlement securities transactions for itself and its broker-dealer affiliates in another step forward for its vision of the future of regulated securities. tZERO called the announcement a key milestone for its next-generation trading ecosystem. tZERO’s… Read More

December 13, 2021 @ 3:43 pm By Omar Faridi  |  

The first interbank Payment vs Payment (PvP) settlement outside of CLS has been completed using Baton Systems’ Core-FX solution, which is built on Baton’s distributed ledger technology (DLT) and “governed by the Baton Rulebook.” Standing at the threshold of a “new era” in FX settlements,… Read More

April 6, 2021 @ 12:11 pm By JD Alois  |  

Paxos to Apply for Formal Clearing Agency License from the SEC Paxos Trust Company, a compliant blockchain infrastructure provider, has completed a same-day settlement of US-listed equity trades in partnership with Instinet and Credit Suisse. Same-day settlement is colloquially known as T+0 – currently, financial… Read More

October 27, 2020 @ 12:37 pm By JD Alois  |  

    Recently, Kik settled a long legal battle with the Securities and Exchange Commission (SEC). In the end, Kik must pay a $5 million settlement pertaining to an initial coin offering (ICO) that was deemed to be an unregistered security offering. Additionally, for the… Read More

September 15, 2020 @ 8:06 am By Omar Faridi  |  

The Securities Services division of France’s BNP Paribas, the 8th largest bank in the world in terms of total assets, has teamed up with Digital Asset (the company) to implement distributed ledger technology (DLT)-enabled trade and settlement applications. Through its partnership with Digital Asset (the… Read More

April 20, 2020 @ 11:16 pm By Omar Faridi  |  

Curv, a company that provides crypto asset custody services to institutional investors, has established a business office in the Asia-Pacific (APAC) area. The office has been set up through a partnership with Crypto Garage, a firm that offers various financial instruments based on Bitcoin (BTC)… Read More

October 10, 2019 @ 11:32 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) has reportedly initiated settlement discussions with Reggie Middleton, the manager of Veritaseum’s (VERI) $14.8 million initial coin offering (ICO). In August, the SEC Enforcement Division announced charges against Reginald “Reggie” Middleton who allegedly engaged in fraud related to… Read More

October 1, 2018 @ 5:04 pm By JD Alois  |  

Last week, CI reported that the Securities and Exchange Commission (SEC) had charged LendingClub Asset Management LLC (part of Lending Club), and former President Renaud Laplanche with fraud for improperly using fund money to benefit LendingClub. A settlement was quickly agreed to by all parties… Read More