Tag: blockchain

Big institutions like BNP Paribas, Goldman Sachs, and S&P Global just announced their plans to launch a privacy-enabled, interoperable blockchain network for financial markets.   A group of big FinServs has agreed that it’s better when they’re together, at least on the blockchain.   More than two dozen participants are set to launch the Canton Network […]

Despite regulatory uncertainty and recent turmoil in the crypto markets, Visa and Mastercard are doubling down on efforts to prepare for blockchains to become mainstream payments infrastructure. Visa and Mastercard have both indicated their commitment to crypto in recent days through job descriptions and product updates. Their investments are a form of futureproofing: If blockchain […]

There’s a renewed push on Wall Street to collaboratively test how blockchain technology could make financial transactions more efficient, in a low-risk way. There’s a new project among a group of investment management firms to test the benefits of blockchain-based trade execution and settlement.   T. Rowe Price, Cumberland, WisdomTree, and Wellington Management Group have kicked […]

The blockchain is well suited to corporate action processing, which has traditionally required significant manual effort and been rife with errors, because it creates transparency and traceability of data across a shared network.  Ubiquitous bank-to-bank messaging platform Swift successfully trialed a blockchain-based application that it says could save the securities industry time and money.   Working […]

Despite recent turmoil in the crypto markets, Visa is “doubling down” on its efforts to prepare for blockchains to become mainstream payments infrastructure.  Visa expects blockchain technology to transform consumer payments within the next ten years and it’s dedicated to being on the forefront of that transition, according to head of crypto Cuy Sheffield. The […]

As investment in blockchain, Web3, and crypto startups is surging, banks have one key advantage over smaller, more nimble firms, according to JPMorgan’s top crypto exec: Trust. JPMorgan is investing heavily in a wide range of blockchain projects – including tokenized stocks and bonds, a payment-information network, and its digital JPM Coin, which is currently […]

Banks and other financial institutions continue to invest heavily in blockchain tools and services to support (and gain experience in) the crypto ecosystem without needing to engage directly. Financial institutions are among the top public companies investing in blockchain firms in the past year, according to an analysis by BlockData, collectively participating in more than […]