Tag: blockchain

September 14, 2016 BY Mike Fox

KPMG launches blockchain Digital Ledger Services for financial companies

KPMG today announced the introduction of its Digital Ledger Services, a comprehensive suite of services designed to help financial services companies realize the potential of blockchain capabilities -- providing faster and more secure transactions, streamlining and automating back office operations, and reducing costs by utilizing blockchain-based technologies. Blockchain is an alternative ledger database that maintains a continuously…

Read more
September 14, 2016 BY Mike Fox

Cryptocurrency trading platform itBit founders launch separate blockchain brand Paxos

Paxos, a financial technology company delivering revolutionary blockchain solutions for global financial institutions, this week unveiled its new brand. The Paxos team—whose leadership launched itBit, the innovative cryptocurrency trading platform—consists of experienced financial services professionals with post-trade and market infrastructure expertise, leading technologists and engineers. Bankchain was previously recognized under the itBit umbrella, but has become…

Read more
September 06, 2016 BY Mike Fox

BM&FBOVESPA becomes first exchange to join R3 distributed ledger consortium

São Paulo based financial exchange BM&FBOVESPA announced today it will be collaborating with over 60 of the world’s largest financial institutions to develop ground-breaking commercial applications for the financial services industry that leverage the appropriate elements of distributed and shared ledger technology. This initiative is part of the company’s strategy of supporting transformative projects that…

Read more
August 17, 2016 BY Mike Fox

New Forex blockchain-based trade platform to launch in 2017?

Financial technology firm Cobalt DL has commenced beta testing with a number of leading FX participants on its private peer-to-peer network that uses distributed ledger technology to significantly cut post-trade cost and risk. After a year of design and testing and following a successful completion of a proof-of-concept with one of the largest FX market…

Read more
August 03, 2016 BY Mike Fox

Swedish Bank SEB invests in blockchain payments firm Coinify

Swedish financial group SEB has joined a $4 million Series A funding round for Danish blockchain payment service provider Coinify. The bank's venture capital arm was joined in the round by Seed Capital Denmark, boosting Coinify, which claims to be the largest facilitator of blockchain payments in Europe, supporting more than 20 PSPs and reaching over 100,000…

Read more
July 13, 2016 BY Mike Fox

Blockchain company SolidX files with SEC for new Bitcoin ETF

SolidX Partners Inc., a New York based blockchain technology company, today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed launch of the SolidX Bitcoin Trust. The ETF will seek to provide shareholders with exposure to the daily change in the U.S. dollar…

Read more
June 29, 2016 BY LeapRate Staff

R3 blockchain consortium continues Latin America expansion adding Brazil's Banco Bradesco

Banco Bradesco, one of the biggest banking and financial services companies in Brazil, has joined financial innovation firm R3’s partnership to design and apply distributed and shared ledger-inspired technologies to global financial markets. We had earlier reported that Itaú Unibanco, the largest private sector bank in Latin America, became the first Latin America bank to…

Read more
June 25, 2016 BY LeapRate Staff

Blockchain startup Colu raises $9.6 million to create local currencies

Israel based Blockchain startup Colu has announced that it has raised $9.6 million from venture capital investors Aleph (headed by former Benchmark partner Michael Eisenberg), Spark Capital, and Digital Currency Group, as well as former Thomson Reuters CEO Tom Glocer. The current financing round brings the amount raised by the company to over $12 million. Colu is…

Read more