Finastra, R3 and seven major banks are working together to create a distributed ledger technology (DLT) platform for the syndicated loan market. It is expected to launch next year. The participating banks include BNP Paribas, BNY Mellon, HSBC, ING, and State Street.
A Singapore consortium has developed new blockchain software prototypes which decentralize payment netting while preserving transactional privacy.
In November, 2016, the Monetary Authority of Singapore (MAS) announced that it is partnering with R3 and a group of financial institutions on a proof-of-concept project,
The Australian Securities Exchange (ASX) executives are bullish about distributed ledger technology (DLT) replacing their legacy post-trade infrastructure.
In August 2016, ASX completed the initial phase of its DLT testing, and their blockchain prototype has “met performance, security and scalability thresholds.” The same technology is now being developed as a potential system to replace its 20-year-old clearing and settlement system.
Deutsche Bundesbank, Germany’s central bank, has published a new report centered on distributed ledger technology (DLT).
The Bundesbank’s researchers investigate whether DLT offers any potential for the financial sector. Their analysis focuses chiefly on what DLT might mean for payments and securities settlement.
The Gibraltar Financial Services Commission (GFSC) has issued an official statement regarding the regulation of initial coin offerings (ICO).
The GFSC stated that it has noticed the increasing use of tokens or coins based on distributed ledger technology (DLT) as a means of raising funds,
R3 said that it had developed a prototype of the system together with the UK FCA,