French investment bank Credit Agricole CIB and Swedish bank SEB, stalwarts of traditional finance (TradFi) in Europe, have joined forces to develop a blockchain-based platform for digital bonds. The platform will allow companies to raise capital by issuing digital bonds on a blockchain network with the aim of improving “efficiency and enabling real-time data synchronization,” […]
Kuwait’s Central Bank Governor, Basel Al Haroon, recently spoke with John Everington of The Banker to discuss the potential implementation of blockchain EKYC solutions, as well as the ongoing research into central bank digital currencies (CBDCs). Al Haroon explained that the bank is closely monitoring the experiences of other countries that have already issued CBDCs, […]
The US Federal Reserve created FedNow to make USD settlement faster and cheaper between financial institutions. The system will offer 24/7 operating hours plus a full-featured back-office suite. Scheduled to launch by July 2023, FedNow vastly improves upon traditional interbank settlement systems like FedWire or ACH systems. It offers superior costs, scale, features, and intraday […]
GMO Financial Holdings, an investor in crypto and foreign exchange margin trading businesses, bought a 10% stake in AWR Capital, a multistrategy crypto hedge fund, according to a statement shared with CoinDesk on Monday. The price paid by the Japan-based firm wasn’t disclosed. AWR, which is based in London, will become a market maker at […]
Web3 platform Lisk has unveiled an accelerator program which will offer grants of up to 250,000 Swiss francs ($270,000) to developers looking to build applications within its ecosystem. Lisk is looking to attract startups interesting in developing Web3 projects over a multi-year time frame, with a particular focus on those working on app-specific blockchain solutions, […]