It’s Friday. It must be time for another update on the continuing saga of QuadrigaCX, the beleaguered Canadian crypto exchange that has re-written the book on how not to operate an exchange of any kind, while handling other people’s money. Now Gerald Cotten’s poor widow would have us believe that, out of the goodness of…
Read more
Financial innovation firm R3, five of its members and financial resource management specialist HQLAᵡ have built a collateral lending solution for liquidity transfers on R3’s Corda distributed ledger platform. Project participants CIBC, Commerzbank, Credit Suisse, ING, UBS and HQLAᵡ collaborated with R3 to develop an operating model for a digital collateral receipt (DCR) lending marketplace.…
Read more
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…
Read moreThe trial marked an unprecedented scale of institutional collaboration between the financial and technology communities exploring how distributed ledgers can be applied to global financial markets. Just released is a major blockchain announcement from financial technology innovation company R3 CEV. In short, they connected 40 banks to five different blockchains and allowed them to facilitate…
Read more