settlement issues
Sberbank Executive Touts Blockchain for Russia
Sberbank executive Alexander Vedyakhin believes blockchain technology could help Russia solve current settlement issues, offering new capabilities for payment systems.
MUFG Seeks Seamless Automatic Securities Settlement via Blockchain
MUFG (Mitsubishi UFJ Financial Group), one of Japan’s biggest banking institutions, has announced the establishment of an ST (Security Token) Research Consortium intended at protecting investors’ rights, as well as offering fund settlement and seamless automatic securities settlement via blockchain.
CBDC Project will Help Enhance Japan's "Settlement System," Says Bank of Japan Executive
Bank of Japan's Kazushige Kamiyama has revealed that the country’s proposed central bank digital currency will enhance the country’s settlement system.
Ex-Chief Executive of the HKMA Establishes Digital Wallet Firm to Solve Issues in Cross-Border Trade Finance
The former Chief Executive of the Hong Kong Monetary Authority (HKMA) has established a new digital wallet company, RD Wallet Technologies Limited.
Australian Securities Exchange Postpones Migration to Blockchain Settlement System Due to Coronavirus Concerns
The Australian Securities Exchange has further postponed the replacement of its current CHESS system with a new blockchain-based settlement system due to coronavirus concerns.
Ripple CEO: Global Governments Now See Blockchain Solution to Addressing Transparency and Settlement
Brad Garlinghouse, Ripple CEO, believes most governments consider blockchain technology a game-changer as it solves frictions like transparency and settlement that were a headache in yesteryears.
Institutional Trade-at-Settlement Product for Spot Bitcoin to be Developed by Blockfills and Tassat
Tassat and Blockfills partner with eachother to create an institutional Trade-at-Settlement (TAS) product for spot bitcoin (XBT/USD), which will expectedly to be open in the market for traders in mid-December.
Paxos Launches Blockchain Settlement Platform Following No-Action Relief From SEC
Paxos Trust Company announced that it will go ahead with the launch of its blockchain-enabled Paxos Settlement Service after receiving No-Action relief from the U.S. Securities and Exchange Commission (SEC).
Kraken Experiences Technical Issues as Bitcoin Smashes New High of over $46,000
Amid Bitcoin’s new highs, Kraken’s platform experienced huge technical issues that locked many of its clients out of their accounts.
Jennifer Robertson to Pay $12 Million CAD in Quadrigacx Settlement
The death of Gerald Cotten, founder of Quadrigacx, a once reputable cryptocurrency exchange in Canada took the world by surprise. More surprising is the position taken by his widow, Jennifer Robertson, who will liquidate personal assets to cover customers' losses.
Ripple and The SEC’s Joint Letter Reveals that a Pretrial Settlement Is Unlikely to Happen
Per the official court order, Ripple and the SEC has submitted a letter presenting their arguments ahead of the pre-trial court date.
Accenture Partners with R3 and SAP to Improve Settlement Systems by Using Blockchain
Consultancy firm Accenture has partnered with blockchain technology firm R3 and multinational software firm SAP to produce a prototype that uses distributed ledger technology to allow real-time gross settlements.
Brexit issues on Supply Chain tacked using blockchain
Since the 1980s, Global Trade has multiplied by a factor of 3.5 but the Global Supply Chain has not kept pace. In fact, the World Trade Bank estimates that inefficiencies in Global Supply Chain are costing as much as USD 2 trillion of the overall USD 16 trillion market.