Credit Suisse and Societe Generale adopt blockchain settlement platform for US equities
Paxos has been given the green light to launch its blockchain-based settlement service for certain broker-dealers, including Credit Suisse and Societe Generale.
Tag: Settlement
Commerzbank, Deutsche Börse and MEAG use blockchain for settlement process
Project saw cash and securities tokens swapped for settlement using DLT, and tokenised cash used as collateral for margin requirements.
Nomura to provide Japanese funds access to CLSSettlement
The introduction of Japanese funds onto the FX settlement service follows a multi-year effort to onboard the Japanese buy-side community to CLSSettlement.
Hong Kong explores digital settlement of securities
HKEX will develop new systems for the proposed paperless regime, which could be in place by early 2022.
ITG agrees to $12 million dark pool settlement
SEC hands ITG $12 million fine for disclosing information on client activity within POSIT to HFTs and misleading investors on how the dark pool operates.
DTCC builds DLT settlement prototype that can process 100 million trades per day
DTCC, Accenture, Digital Asset and R3 teamed up to build a US equity clearing and settlement system prototype.
ASX forced to delay implementation of blockchain settlement system
ASX is now looking to launch its new post-trade blockchain system in March or April 2021, rather than the end of 2020 as initially planned.
SIX unveils advanced plan for digital asset ecosystem
A fully integrated trading, settlement and custody infrastructure for digital assets is set to launch in 2019.
Majority say blockchain will completely change settlement model
Deutsche Bank survey reveals 75% expect widespread adoption of blockchain within the next three to six years.
Japan targets 2018 for T+1
The Bank of Japan continues to push ever shorter settlement cycle as other countries follow suit.