The Depository Trust & Clearing Corporation is now testing its main blockchain project with 15 global banks, before taking the tech live in 2019.
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.
In a first for interoperability, Axoni and Clearmatics have shown how a derivative contract written on one blockchain can be settled on another.
Financial firms including JPMorgan Chase and Goldman Sachs have carried out equity swaps over a DLT system.
Working through the issues of using ethereum's smart contract language, DTCC and Axoni move $11 trillion worth of derivatives closer to blockchain.
Global financial institution Citi has invested in distributed ledger startup Axoni, the company announced today.
The DTCC is moving $11tn-worth of derivatives transactions to a blockchain, thanks to a deal with IBM, R3CEV and Axoni.
New York-based blockchain startup Axoni has raised $18m in a new funding.
Facing threats from blockchain, the DTCC embraces startup innovators.