DLTRSS

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”.

Fintech in the US: the state of the union is questionable

Two US credit unions outsource core processing to Symitar

An overview of the current fintech regulation in the US by the prudential regulators: the OCC, the FDIC, and the Federal Reserve.

Illinois regulator joins global distributed ledger consortium R3

Interested in blockchain

The Illinois Department of Financial and Professional Regulation (IDFPR) has become the first US regulatory agency to join the R3 Consortium, a global partnership of banks and other parties working to develop distributed ledger-based applications for financial services.

SIX Securities Services unveils blockchain based bond issuing solution

In today's blockchain news: Digital Asset Holdings and SIX Securities Services

SIX Securities Services, Switzerland’s post-trade market infrastructure says it has developed – “and intends to deploy” – a new bond issuing solution based on the distributed ledger technology (DLT).

Scotiabank completes blockchain trial with Alphapoint

alphapoint 1

Alphapoint, a San Francisco-based financial services infrastructure firm, has completed a blockchain proof-of-technology trial for Scotiabank, leveraging its Alphapoint Distributed Ledger Platform.

DTCC steps up DLT trial for repo transactions

DTCC goes DLT

The Depository Trust and Clearing Corporation (DTCC) announced that the proof-of-concept to improve the netting process for repo transactions using distributed ledger technology (DLT) has been successfully completed.

Bank for International Settlements issues analytical framework on DLT

Bank for International Settlements HQ, Basel. Image source: Taxiarchos228, Wikimedia Commons

The committee on payments and market infrastructures at the Bank for International Settlements (BIS), an international financial institution owned by central banks, has issued an analytical framework on distributed ledger technology (DLT) in payment, clearing and settlement.

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