settlement News

The EOS Network Foundation (ENF) advises community members to carefully consider opting out of the $22 million settlement with B1 as the deadline approaches

Judge Sarah Netburn has ordered Ripple Labs and the SEC to agree on three mutually convenient dates for a potential settlement conference days after she ruled that XRP is not a security

JP Morgan Chase & Co. has partnered with six Indian banks to launch a blockchain-powered platform for settling interbank dollar transactions in India's emerging international financial center. 

T. Rowe Price Associates, together with several prominent Wall Street companies, is set to explore the potential of the Avalanche blockchain to revolutionize financial trade execution.

Argentina’s central bank in partnership with blockchain development firm IOV Labs is testing out a blockchain-based institutional solution for payment settlement and improved traceability. Argentina’s Central Bank Leverages Blockchain Technology According to Fintechzoom, South-American blockchain heavyweight IOV Labs has developed…

The Reserve Bank of Australia (RBA) — the country’s central bank says adoption of state-backed digital currency for interbank settlement could provide certain advantages like cost savings and better financial inclusion. Australia’s apex bank is the latest to trial a…

The world’s fourth-largest bank, Wells Fargo, announced plans to use its digital token to pilot internal settlement services, which would run on its distributed ledger technology (DLT) platform. Per the press release September 17, 2019, the pilot project is expected…

A now publicly available patent from Bank of America (BofA) has revealed a system of real-time settlement that utilizes the Ripple ledger for inter currency transactions, July 20, 2019. Huge Breakthrough for Ripple Bank of America’s patent reveals the exclusive…

On August 9, 2018, Paxos, the parent company of crypto exchange itBit, announced the launch of the Paxos Confirmation Service, a tool designed to streamline the post-trade confirmation process for the precious metals market. A Step toward Post-Trade Blockchain Solution…

IBM announced a partnership with Natixis and Trafigura to introduce the first blockchain development for commodity trade finance for US crude oil transactions. The March 28 announcement marks the beginning of the institutional use of the blockchain technology. The trading…

The Bank of England (BoE) recently posted a press release announcing that its FinTech Accelerator launched a new community which brings together FinTech-related organizations. On March 17 the BoE posted on its official website a press release where it states…

In 2014 and 2015, financial regulators in Asia, the U.S., and Europe handed out fines to several global investment banks, totalling over $10 billion, for colluding to rig the daily currency market fixing. While the currency market is open 24…

The Sydney Stock Exchange had publicly announced their interest in blockchain technology not too long ago. Using distributed ledgers for the financial sector is an intriguing idea, even though regulatory measures may throw spokes in the wheels. Nevertheless, the new…

A newly announced collaboration between Digital Asset Holdings and SIX Securities Services will focus on distributed ledger technology in the Swiss financial sector. A proof of concept will be developed, and the initial prototype focuses on securities lifecycle processing.  …

It was only a matter of time until the financial sector started creating their own virtual currency. Four of the world’s largest banks are creating their own utility settlement coin, which will run on distributed ledger technology. This project is…

American technology firm International Business Machines (IBM) Corp. is set to implement one of the industry’s largest blockchain technology-based platform as early as September. The platform, called IBM Blockchain Solutions for Global Financing, will be leveraged to settle nearly three…