Citigroup funds London forex trading blockchain startup Colbalt LeapRate

December 15, 2016 BY admin

Citigroup funds London forex trading blockchain startup Colbalt

It was announced today that Citigroup Inc (NYSE:C) has invested in London-based FX blockchain startup Colbalt. The company also announced it added Charlotte Crosswell, former Nasdaq NLX CEO as a strategic advisor as the service gets closer to launch. Terms of the investment were not announced. Cobalt DL, a FX post-trade processing network based on distributed ledger technology…

December 13, 2016 BY Valentina Kirilova

Bitcoin price up to 3-year high as Chinese Yuan falls

Bitcoin traded at a high of $788.49 on Tuesday amid a flight to safety after Chinese stock market jitters - the highest level in 3 years. The previous 2016 high of $781.31 was achieved in the summer when traders prepared for a process known as "halving" – where the rewards offered to bitcoin miners fall,…

December 08, 2016 BY LeapRate Staff

Spot FX blockchain clearing firm FXCH raising €8.5 million including Seedrs crowdfunding

LeapRate Exclusive… LeapRate has learned that Ireland-based FX central clearing provider FXCH, which uses Blockchain to settle FX trades, is trying to raise €8.5 million (USD $9.1 million), at a pre-money valuation of €20 million. FXCH is planning to raise the first €1 million via an Equity Crowdfunding campaign on Seedrs.com. The €8.5 million is…

November 21, 2016 BY admin

Founding member Goldman Sachs leaves blockchain consortium R3

Just announced today, global investment banking giant Goldman Sachs Group Inc (NYSE: GS) has left the R3 distributed ledger technology consortium it helped to found two years ago, reported by the Wall Street Journal (WSJ). The multinational finance company was one of nine original members of R3. The consortium however continues to build momentum since its…

November 10, 2016 BY admin

Financial blockchain specialist firm SETL appoints Martin Clements, cyber security expert, to its board

SETL, the London based financial blockchain specialist, has appointed national security expert Martin Clements CMG OBE to its board. SETL was launched in July 2015 to deploy a multi-asset, multi-currency institutional payment and settlements infrastructure based on blockchain technology. The SETL system will enable market participants to move cash and assets directly between each other,…

November 10, 2016 BY admin

R3 works with member banks on shared KYC service based on distributed ledger technology

Financial innovation company R3 and ten of its consortium member banks have successfully developed a proof-of-concept for a Know Your Customer (KYC) registry that addresses the challenges associated with satisfying regulatory requirements and allows identities to be managed by their owners. BBVA, CIBC, ING, Intesa Sanpaolo, Natixis, Nordea, Northern Trust, Société Générale, UBS and US…

November 10, 2016 BY Valentina Kirilova

Clearstream announces October volumes

Clearstream has just announced its October volume report. Despite the thorough Blockchain analysis Clearstream and the whole Deutsche Boerse Group announced earlier today, the highlights last month were: International business Securities deposits were €6,722 billion - just a bit lower (1%), compared to last year. The number of transactions, on the other hand, made a…

November 10, 2016 BY Valentina Kirilova

Clearstream evaluates potential of Blockchain

Looking towards the horizon, the FinTech industry is set to be a strong influencing factor on the financial industry. The role that Blockchain may play for example is intriguing – and there’s little doubt that its advantages will potentially be harnessed in the not too distant future. Within a five to ten year timeframe there’s…

September 28, 2016 BY Mike Fox

OTCXN closes Series A round for blockchain-based P2P FX trading platform

It was announced today San Francisco & NYC based OTC Exchange Network (OTCXN) closed a fresh Series A funding round for a blockchain-based P2P FX Trading Platform. Figures were not disclosed. Phase one of the rollout will specifically target bank and non-bank market-makers who wish to price directly to retail brokers without Prime Brokerage and other intermediaries…

September 28, 2016 BY Mike Fox

IBM Study: Blockchain adoption moving rapidly in banking and financial markets

Commercial blockchain solutions are rapidly being adopted throughout banking and financial markets, dramatically faster than initially expected, finds two new IBM (NYSE: IBM) studies. 15% of banks and 14% of financial market institutions interviewed by IBM intend to implement full-scale, commercial blockchain solutions in 2017. Mass adoption isn't that far behind with roughly 65% of…

Tag: blockchain