Securities firms are gearing up for cybersecurity and Blockchain projects while hoping the T+2 shorter settlement push will not cause them a major overhaul of operations, according to the latest survey from the International Securities Association for Institutional Trade Communication (ISITC), an industry trade group focused on standards. Yet despite juggling new and incumbent technologies… Read More >>
Mizuho and Cognizant Launch ‘Record-Keeping’ Blockchain Project
Cognizant, a Teaneck, N.J.-based provider of information technology, consulting, and business-process outsourcing services, reports a strategic agreement with Mizuho Financial Group, based in Japan, to develop a “blockchain solution for secure record-keeping of documents among Mizuho Financial Group companies around the world.” Under the agreement, Cognizant will “design and develop a blockchain solution for Mizuho’s… Read More >>
Japanese Exchanges to Work with IBM Japan on Blockchain Project
Officials of the Japan Exchange Group (JPX) and IBM Japan recently announced that they are jointly developing proof of concept (PoC) tests for the Blockchain distributed ledger technology. This effort marks another major project for the financial services industry, which has been rapidly exploring how Blockchain can be applied to a variety of securities operations…. Read More >>
Broadridge, Accenture and PwC Join Forces with Digital Asset
Blockchain startup Digital Asset Holdings has signed non-exclusive strategic business relationships with IT consultancy Accenture, financial technology vendor Broadridge and auditor and professional services provider PwC to hasten the progress of Digital Asset’s distributed ledger solutions to come, which will target financial services firms. Digital Asset has already been working with Accenture, Broadridge and PwC,… Read More >>
Nasdaq to Test Blockchain via Tallinn Exchange
The Republic of Estonia’s year-old e-residency platform will be “facilitating a blockchain-based e-voting service to allow shareholders of companies listed on Nasdaq’s Tallinn Stock Exchange, Estonia’s only regulated securities market, to vote in shareholder meetings,” Nasdaq reports. Blockchain technology supports distributed ledger databases and traces its history to the emergence of the cryptocurrency Bitcoin. Estonia’s… Read More >>
Goldman Sachs, IBM Give Their Blessings to Digital Assets
Startup Digital Asset Holdings has hit a milestone amid the frenzy for Blockchain funding as the pioneer of distributed ledger technology for financial services firms reports that it has the financial endorsement of IT giant IBM and Wall Street powerhouse, the Goldman Sachs Group, Inc., raising the total for its recent funding round to more… Read More >>
Digital Asset Lands A-List Backers and $50M in Funding
Digital Asset Holdings, LLC, a New York City-based developer of distributed-ledger technology for the financial services industry, reports that it has “raised more than $50 million in funding” from several prominent financial industry players. The company’s new investors are: ABN AMRO, Accenture, ASX Ltd., BNP Paribas, Broadridge Financial Solutions, Inc., Citi, CME Ventures, Deutsche Börse… Read More >>
DTCC Wants to Guide Blockchain’s Future in Ops
The DTCC is embracing with qualifications Blockchain distributed ledger technology and is signaling that settlement may be “an ideal long-term target” if the new technology can mature and scale under the tutelage of the post-trade infrastructure utility provider, which says it “is uniquely positioned to help implement this technology and increase its adoption.” DTCC officials… Read More >>
Ops Gets on the Blockchain Revolution Bus
Bitcoin, a so-called crypto-currency, may fade before anyone really understands what it was or how it could actually have prevailed in financial services. However, out of Bitcoin’s ashes has risen the humbly named Blockchain technology. The distributed ledger technology that has been propping up Bitcoin has come to the attention of major industry players. This… Read More >>
Why Nasdaq and Symbiont Vie for Blockchain Firsts
The rush to the first-mover status via Blockchain technology is heating up between Nasdaq and Symbiont, the maker of the Smart Securities platform for trading, clearing, settling and transferring financial instruments. These early adopters are vying for key milestones in securities operations that can be transformed by the Blockchain distributed ledger technology that underpins the… Read More >>
