Axoni, Clearmatics Claim Milestone for Blockchain Interoperability
In a first for interoperability, Axoni and Clearmatics have shown how a derivative contract written on one blockchain can be settled on another.
The DTCC has laid out guidelines for the post-trade processing of tokenized securities, aimed at market participants and regulators.
The Depository Trust & Clearing Corporation is now testing its main blockchain project with 15 global banks, before taking the tech live in 2019.
The DTCC has pushed back the release of its blockchain-based post-trade system for derivatives by several months, in part because of Brexit.
Blockchain finance firm Clearmatics has closed a $12-million Series A funding round led by Route 66 Ventures.
Enterprise-focused blockchain startup Axoni has completed a $32 million Series B funding round led by Goldman Sachs.