Post-trade blockchain startup Paxos has received a “no-action” letter from the US Securities and Exchange Commission (SEC) to launch a blockchain-based settlement platform for US-listed securities.
Paxos, formerly itBit, is a financial technology company offering blockchain solutions for global financial institutions.
London-based FinTech firm Finastra has signed three global banks on its blockchain platform for syndicated loans.
Finastra’s blockchain platform, called Fusion LenderComm, was developed in close collaboration with some of the world’s top global banks, including BNP Paribas, BNY Mellon, HSBC,
Societe Generale SFH, a subsidiary of French multinational investment bank Societe Generale (SocGen), has issued a 100 million euro ($112M USD) covered bond as a security token on the ethereum blockchain.
Covered bonds are debt securities issued by a bank or mortgage institution and backed by a separate group of assets;
Kleinwort Hambros, a private bank owned by Société Générale, has launched a blockchain exchange-traded note (ETN) to give investors exposure to blockchain firms.
Headquartered in London, Kleinwort Hambros offers financial services from offices throughout the United Kingdom and Channel Islands.
Global financial services company JPMorgan has signed up more than 70 banks to test its blockchain-powered cross-border payment platform.
JPMorgan announced Tuesday that 75 lenders, including Santander and Societe Generale, will be testing its Interbank Information Network (IIN), a shared ledger for cross-border payments built using JPMorgan’s blockchain platform,
More than three dozen member firms of the R3 blockchain consortium have completed over 300 transactions on a know your customer (KYC) application built on R3’s Corda blockchain platform.
A total of 39 firms participated in the four-day collaborative trial, including BNP Paribas,
Louis Dreyfus Company (LDC) and a group of major banks have successfully completed the first full agricultural commodity transaction via a blockchain platform.
Louis Dreyfus Company is a global merchant company that is involved in agriculture, food processing, international shipping,
Broadridge Financial Solutions has completed a pilot project that leverages blockchain technology for bilateral repurchase (repo) agreements.
A repo is a form of short-term borrowing for dealers in government securities. The dealer sells the government securities to investors, usually on an overnight basis,
