Digital transformation is creating new needs among advisors and investors to gather digital asset data to stay ahead of disclosure regulations and to better understand their digital asset investing. Knowing this, Broadridge Financial Solutions has just released the ClearFi platform to help broker-dealers, exchanges, and wallet providers supply their clients and participants with “useful on-chain… Read More >>
CFTC Blesses Clearing for Digital Asset Futures
Is there a lesson here for the crypto exchanges that are facing the wrath of the SEC? Digital asset clearing and settlement is a new reality for securities firms that want to keep clients happy. Toward that end, the CFTC approved Cboe Clear Digital to clear margined digital asset futures. Technically, the CFTC approved an… Read More >>
State Street to Use AWS & Azure for Overhaul & Other News
Two State Street Data Centers to Move to AWS State Street Corp. has picked Amazon Web Services (AWS) as a cloud services and data center provider while simultaneously expanding a current contract with Microsoft’s Azure cloud services in order to give clients real-time data access across State Street tools and third-party services thus streamlining investment… Read More >>
Crypto to Face New Rules in 2022: Regulators
Heavy-hitter federal regulators say new rules are coming for cryptocurrencies, the new, mostly unregulated financial sector that competes with traditional banks without offering deposit insurance, the banks’ most important protection. And cryptography has been beset by high-profile scandals that have cost some would-be crypto millionaires their entire fortunes. As well, at a time of worsening… Read More >>
CFTC Pursues Alleged Bitcoin Swindler Gone Missing
It looks like a classic case of take the money and run. Following its investigation, the Commodity Futures Trading Commission (CFTC) has gone to the United States District Court for the Southern District of New York and been awarded a massive default judgment against an alleged bitcoin fraudster. That alleged bitcoin fraudster is one Benjamin… Read More >>
ISDA’s CDM Pilot Clears Interest Rate Derivatives
Pilot Also Uses the Digital Asset Modeling Language ISDA’s Common Domain Model (CDM) was part of a proof-of-concept implementation that clears interest rate derivatives with the help of an open-source smart contract language, the Digital Asset Modeling Language (DAML) from vendor Digital Asset, officials say. “Using the CDM for clearing and deploying it on a… Read More >>
ASX, Digital Asset & VMware Partner for DLT
ASX, Digital Asset and VMware Sign MOU The Australian Securities Exchange (ASX) has signed a three-party memorandum of understanding (MOU) with Digital Asset (DA) and VMware to work together on distributed ledger technology (DLT) initiatives in Australia and New Zealand. Under the MOU, the ASX plans to provide its DLT offering “with the support of… Read More >>
BBH to Service Hong Kong’s First Active ETF
BBH to Be Registrar for Active ETF Brown Brothers Harriman & Co. (BBH) has been appointed as the custodian and administrator for the first actively managed exchange traded fund (ETF) domiciled in Hong Kong, officials report. “The ICBC CICC USD Money Market ETF is being launched by China International Capital Corporation (CICC) with ICBC Asset… Read More >>
ISDA Pushes Digital Asset Tool for CDM Adoption
The International Swaps and Derivatives Association (ISDA) has been working with distributed ledger technology (DLT) pioneer Digital Asset to build an open-source reference code library that will help the derivatives industry embrace the ISDA Common Domain Model (CDM), a blueprint for the representation of derivatives trade events and processes. Digital Asset has built “an open-source… Read More >>
Digital Asset Open Sources Its Smart Contract Language
Distributed ledger pioneer Digital Asset is open sourcing its smart contract language, the Digital Asset Modeling Language (DAML), to facilitate the rapid adoption of distributed ledger technology (DLT) applications regardless of the platform. The source code for the DAML language, runtime, and Software Development Kit (SDK) will be freely available under an Apache 2.0 open… Read More >>
