Marco Polo, the trade finance blockchain with over 20 global banks on board, is piloting its first trading arrangement between Germany and Russia.
Bank of America Is Now Hiring in Blockchain, Not Just Filing Patents
Bank of America has begun hiring for blockchain positions, the first indicator that the bank plans to do much else with the tech besides filing patents.
Why French Lender SocGen Issued a $110 Million Ethereum Bond to Itself
Societe Generale has no plans to resell its $110 million ethereum bond, but future blockchain trials will involve external investors, an exec said.
London Stock Exchange-Backed Nivaura Hires Senior HSBC Banker
LSE-backed Nivaura hired a senior HSBC banker to boost adoption of the London-based fintech’s blockchain process for capital markets legal documents.
State-Owned French Bank Joins Bitcoin Startup’s $8 Million Series A
Lightning-focused bitcoin startup ACINQ added an interesting investor to its cap table: Bpifrance, a state-owned bank that just made its first crypto investment.
China Merchants Bank’s Latest Crypto Partnership Includes STO Investment
A security token offering for the Nervos Network could help a prominent Chinese bank tap into the DeFi ecosystem.
‘Gold-Backed’ Crypto Token’s Promoter Investigated by Florida Regulators
Karatbars, issuer of a purportedly gold-backed crypto token, is under investigation by Florida regulators over links to a Miami “crypto bank.”
Coinbase Reinstates UK Bank Deposits and Withdrawals
Coinbase UK is once more allowing GBP deposits and withdrawals after it partnered with ClearBank in August.
Thai Bank Backs Series A Funding for Tokenized Securities Startup iSTOX
The Singapore Exchange-backed security token platform has raised an undisclosed investment from an investment bank based in Thailand.
American Banking Giants Sound Off Against Libra as Monetary Threat
Execs from some of the biggest U.S. banks reportedly told the Federal Reserve that Facebook’s Libra would pose a threat to monetary policies.
Financial Services Giant Morningstar to Offer Ratings for Crypto Assets
Morningstar Credit Ratings is planning a rating system for tokenized debt securities to make the emerging asset class more credible for investors
Binance and Polychain Are Funding a Crypto-Friendly Bank in Malta
Paula Pandolfino is raising more than $10 million to launch a crypto-centric bank in Malta in 2020.
This Crypto-Savvy Bank Is Building Bandwidth for Bitcoin Retail Payments
The German bank is set to help European retailers accept bitcoin payments in early 2020.
Swiss Stock Exchange SIX Lines Up Buyers for ‘Initial Digital Offering’
Swiss stock exchange SIX’s SDX blockchain platform has organized a consortium of institutions to back its “initial digital offering” set for mid-2020.
The New Medici Bank Is About to Take On Its First Crypto Clients
The new crypto-friendly institution, founded by a descendant of the Renaissance-era banking dynasty, is about to onboard its first clients.
Online Lender SoFi to Launch Bitcoin and Ethereum Trading Next Week
The millennial-focused SoFi will offer trading in bitcoin, ethereum and litecoin next Tuesday and source its liquidity from Coinbase.
Barclays Hackathon to Attack Data ‘Silos’ With Blockchain
Barclays is holding another hackathon to tackle the finance industry’s perennial problem of data silos. Once again, blockchain will take center stage.
Token Tech firm Securitize Raises $14 Million From Santander, MUFG, Nomura
The SEC-regulated firm raised $14 million from notable investors across traditional and blockchain finance.
Wells Fargo’s Stablecoin ‘Faster, Cheaper’ Than SWIFT, Says Exec
Wells Fargo’s innovation lead says the bank’s new digital cash for internal transfers is faster and more efficient than SWIFT.
First Singapore Bank Joins JPMorgan’s Blockchain Payments Initiative
JPMorgan’s blockchain payments network has just onboarded its first Singapore-based bank, OCBC.