Banking

Brazilian Bank Aims to Raise $15 Million Through Security Token Offering

| Daniel Palmer

Brazilian investment bank BTG Pactual is planning to raise millions of dollars through the offering of a security token tied to property assets.

‘Already Live’: Signature Bank Is Moving Millions on a JPMorgan-Like Private, Dollar-Backed Cryptocurrency

| Ian Allison

While crypto-land is abuzz about JPMorgan’s plan to move dollars via blockchain, a smaller New York bank is already doing this.

Blockchain Startups Are Modernizing Iran’s Financial Infrastructure

| Leigh Cuen

Sources in Iran say the country's financial sector is taking clear steps toward a state-backed token economy.

HSBC Exec Says Using Blockchain Slashed Forex Trading Costs by 25%

| Daniel Palmer

An HSBC executive has told Reuters that using blockchain slashed the costs of settling foreign exchange trades.

JPMorgan Has Its Own Crypto and It’s Starting Real-World Trials

| Daniel Palmer

JPMorgan has built a crypto token and it's moving to real-world trials in "a few months," according to a CNBC report.

Digital Asset Loses Second CTO in 6 Months as Startup Shake-up Continues

| Ian Allison

James Powell, CIO and CTO of engineering at Digital Asset, has left the enterprise blockchain startup after just six months.

Japan’s Biggest Bank Launching Blockchain Payments Network in 2020

| Yogita Khatri

Japanese banking giant Mitsubishi UFJ Financial Group is launching a high-throughput blockchain-based payments network next year.

Blockchain Sleuthing Startup Chainalysis Raises $30 Million

| Ian Allison

The Series B funding was led by seasoned VC firm Accel and included investment from Benchmark, which led the firm's $16m Series A.

High School Team Places Third in Barclays Blockchain Challenge Event

| Ian Allison

A U.K. school won third place in a blockchain interoperability hackathon hosted by Clearmatics at the Barclays Rise fintech hub in London.

Korean Central Bank Study: Issuing Digital Currency Poses Financial Risk

| Yogita Khatri

A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability.