Banks create blockchain alternative to LC transactions
HSBC and Bank of America Merrill Lynch have created a blockchain technology-based version of Letter of Credit (LC) transactions in cooperation with Singapore's IDA.
Blockchain payments provider Coinify swipes $4m
Danish blockchain payments service provider Coinify has landed $4m in a Series A round. The investment comes from Sweden’s SEB Venture Capital and SEED Capital Denmark.
R3 signs up BM&FBovespa as first exchange
The R3 consortium, which focuses on joint development of distributed ledger technologies, is adding its first stock exchange with Brazil’s BM&FBovespa coming on board.
Barclays and Wave carry out first blockchain trade transaction
Barclays has partnered with Fintech startup Wave to carry out what it claims in the first global trade transaction using blockchain technology.
Factom pulls in $4.5m in Tim Draper-led round
Blockchain data solution Factom has raised $4.5m in a new round of funding from serial investor Tim Draper.
Elliptic teams up with LexisNexis to fight bitcoin money laundering
London-based blockchain intelligence startup Elliptic is partnering with risk management firm LexisNexis to bring anti-money laundering (AML) regulations to cryptocurrencies.
Thompson Reuters joins R3 Blockchain Consortium
Thompson Reuters is the latest company to join a consortium of institutions, headed up by New York fintech firm R3, dedicated to developing use cases for the blockchain technology in financial markets.
Digital Asset bolsters senior team to set stage for next level of growth
FinTech startup Digital Asset, which uses blockchain technology to make trading more efficient and less costly, has announced several additions to its senior management.
Digital Asset pulls in $60m from heavyweight players including GS, IBM
Digital Asset, a newly-launched company aimed to improve trading through blockchain technology, has racked up $60m in its first financing round.
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