The trading platform says approval from the Office of the Comptroller of the Currency would be a first step to launching a full-service bank. Stock and crypto trading platform Robinhood has applied for a bank charter with regulators in the United States, S&P Global Market Intelligence reported on April 19. According to a statement, Robinhood says securing approval […]
Continue ReadingIndustrial trades leveraged the blockchain-based platform, with goods changing hands between Germany and China. Blockchain consortium R3’s trade finance platform Marco Polo has completed its first real transactions, a press release from Commerzbank, one of the participants, confirmed on March 28. Marco Polo, which is built on R3 enterprise blockchain platform Corda, successfully facilitated a […]
Continue ReadingHSBC has been operating blockchain-based forex payments for just ten months but has seen huge growth. International banking giant HSBC settled $250 billion of forex trades using blockchain technology in 2018. The company has revealed the figure in a press release quoted by the Financial Times (FT) Jan. 14. Through its proprietary blockchain platform dubbed […]
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BlackRock CEO Larry Fink said that the company will not offer a crypto ETF until the crypto industry becomes “legitimate.” The CEO of investment management corporation BlackRock, Larry Fink, does not see the company offering a cryptocurrency Exchange-Traded Fund (ETF) until the industry is “legitimate,” CNBC reported Nov. 1. BlackRock is a financial planning and […]
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Money 20/20: blockchain and central bank digital currencies represent a “great challenge” to existing real-time gross settlement systems, says HSBC exec. A senior executive from U.K.-based bank HSBC has said that time-efficient distributed ledger technologies (DLT) and central bank digital currencies (CBDCs) represent a “great challenge” to existing real-time gross settlement (RTGS) systems, Cointelegraph learned […]
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A new partnership sees a major Canadian bank leveraging both blockchain and smart contracts. A major Canadian commercial bank will use blockchain to simplify the process banks use to issue transactions, a press release confirmed Oct. 21. In partnership with IT and business consulting services firm CGI and blockchain startup Skuchain, the National Bank of […]
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In the drive to modernize treasury operations, mind the gap — or gaps. As it turns out, there may be a disconnect between what treasury professionals need in their day-to-day endeavor of cash management and what their service providers think they need. The vendors selling tech and services to the corporate treasurers would do well […]
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