DLTRSS

SIX Swiss Exchange, Nasdaq and Chain team for blockchain OTC project

BBVA and Ripple in blockchain cross-border payments trial

SIX Swiss Exchange and Nasdaq and working with blockchain tech company Chain to provide distributed ledger technology (DLT) for for SIX’s over-the-counter (OTC) structured products business.

R3, CGI and eleven banks develop blockchain-based trade finance app

Trade finance and blockchain

Following a year of development and testing, R3, CGI and eleven banks unveil a prototype of a trade finance app built of R3’s Corda distributed ledger technology (DLT).

R3’s Corda DLT platform tested for euro commercial paper issuance

R3

Blockchain consortium R3 (which now describes itself as an “enterprise software firm”) and four of its member banks have created a prototype solution for issuance of euro commercial paper (ECP) on R3’s Corda distributed ledger technology (DLT) platform.

Calastone completes first phase of blockchain project

SAP launches Blockchain-as-a-Service

Global funds transaction network Calastone says it has “successfully” completed the first phase of its blockchain distributed market infrastructure proof-of-concept (PoC).

Blockchain is here to stay, but what regulatory and legal hurdles does it now face?

John McGonagle, DLA Piper

DLA Piper’s John D. McGonagle speculates on what the rise of blockchain technology might mean for the future of banking, the feedback which the UK regulator FCA may receive from interested stakeholders, and some of the regulatory and legal hurdles which blockchain technology may need to negotiate in the near future.

Top fintech stories this week – 26 May 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

BBVA and Ripple complete blockchain cross-border money transfer pilot

BBVA and Ripple in blockchain cross-border payments trial

BBVA has announced the completion of “the first real-life implementation of an international money transfer using Ripple’s new distributed ledger technology (DLT)”. The transaction, which ran on BBVA infrastructures with real money, resulted in money moved between Spain and Mexio “in a matter of seconds”.

SEC deals another blow to Bitcoin trading; ECB says “no” to blockchain

Regulators not keen on blockchain and Bitcoin

The US Securities and Exchange Commission (SEC) again has denied the listing and trading of Bitcoin, the decentralised digital currency. Meanwhile, the European Central Bank (ECB) has determined that whilst distributed ledger technology (DLT)/blockchain, has its advantages, it is not an option for the Eurosystem’s financial framework.

US fintech regulation: a divided picture at the federal level

Fintechs to get bank charters

Addressing the views of the Department of Treasury, the CFPB, and the SEC on the regulation of the fintech industry in the US.

R3, HQLAX and five banks build collateral lending solution on blockchain

Blockchain

Distributed ledger technology (DLT) consortium R3, together with five of its members and financial resource management specialist HQLAX have built a collateral lending solution for liquidity transfers. The solution is based on R3’s flagship platform, Corda, and is “an operating model for a digital collateral receipt (DCR) lending marketplace”.

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